Current Affairs – 30 September 2023

Times Higher Education World University Rankings 2024:IISc Placed First in India; 91 Indian Institutions Featured in The Ranking According to the ‘Times Higher Education World University Ranking 2024′, the Indian Institute of Science, Bengaluru (IISc Bengaluru) in Karnataka has become the top Indian institution among Indian universities.

  • With 91 Indian institutes included in the Times Higher Education (THE) World University Rankings 2024, India is the fourth most-represented country on the list. In 2023,75 institutes from India were featured in the list.
  • University of Oxford of United Kingdom(UK) ranked 1st in THE World University Rankings 2024 for the eighth consecutive year, while Stanford University and Massachusetts Institute of Technology(MIT) of  United States of America(USA) in second and third places respectively.

About Times Higher Education (THE):
Formerly The Times Higher Education Supplement (The Thes), it is a British magazine reporting on news and issues related to higher education.
CEO– Paul Howarth
Headquarters– London, United Kingdom (UK)


Highlights of 45th Session of World Heritage CommitteeThe 45th session of the World Heritage Committee (WHC) took place in Riyadh, Saudi Arabia, concluding on September 25. This session witnessed the addition of 42 new sites to United Nations Educational, Scientific and Cultural Organization (UNESCO)’s World Heritage List, alongside other significant decisions.

  • The committee was chaired by H.H. Princess Haifa Al Mogrin, Saudi Arabia’s Permanent Delegate to UNESCO.The Kingdom of Saudi Arabia(KSA) served as the host country for 45th session of WHC.
  • Of the 42 newly inscribed sites, 33 are cultural and 9 are natural.  This brings the total number of UNESCO World Heritage sites to 1199 (993 cultural, 227 natural, 39 mixed) across 168 countries. .The Committee also approved the extension of below 5 existing World Heritage sites
  • India’s Santiniketan in West Bengal and the Sacred Ensembles of the Hoysalas in Karnataka have been added to the United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage list…Click here for complete information

About World Heritage Committee

  • Chairperson: Dr Abdulelah Al-Tokhais (Saudi Arabia)
  • Rapporteur: Ms. Shikha Jain (India)

UNCTAD’s Review of Maritime Transport 2023: Decarbonizing Shipping to Cost Over USD 100bn/yearUnited Nations Conference on Trade and Development (UNCTAD)’s Review of Maritime Transport 2023 urged to take action and system-wide collaboration to decarbonize maritime transport. The report warns that the decarbonising shipping would cost over USD 100 billion per year as the emission continue to increase.

  • UNCTAD urges the need for cleaner fuels, digital solutions and an equitable transition to address ongoing carbon emissions and regulatory uncertainties in the shipping industry.

i.Full decarbonization could raise annual fuel expenses by 70% to 100%, affecting Small Island Developing States (SIDS) and Least Developed Countries (LDCs) heavily reliant on maritime transport.
ii.The Review emphasizes the need for a transition to cleaner fuels in the shipping sector as nearly 99% of the global fleet still relies on conventional fuels.
About United Nations Conference on Trade and Development (UNCTAD):
It is an intergovernmental organization which promotes the interests of developing countries in world trade.
Secretary-General– Rebeca Grynspan
Headquarters– Geneva, Switzerland


IATA Allots three-letter Code ‘DXN’ for Upcoming Jewar International Airport in Noida
International Air Transport Association (IATA), the trade association for the world’s airlines, has allotted the three-letter code ‘DXN’ for the upcoming greenfield airport at Jewar in New Okhla Industrial Development Authority (Noida), Uttar Pradesh (UP). The code ‘DXN’ symbolises the airport’s proximity to Noida, Delhi, and western UP.

  • This three-letter code assigned by the IATA will be the designator, that airlines and travel agencies will use, internationally, to identify Noida International Airport.
  • This ensures that travelers can easily identify the airport across various platforms. It will help travelers and aviation professionals to identify and communicate destinations swiftly and accurately, avoiding any confusion and mistakes.
  • By the end of 2024, this initiative will be fully implemented. The code will become active once airport operations start.
  • Once completed, the Noida airport is composed to become the largest airport in India, spanning an expansive 5,000-hectare area and developed in 4 phases.
  • The first phase is scheduled to be completed with one runway and a 12 million passenger capacity terminal building by September 2024.
  • The airport for the UP government is being built by Yamuna International Airport Private Limited (YIAPL), a fully-owned subsidiary of Zurich Airport International AG, Switzerland.

Note: IATA represents some 300 airlines or 83% of total air traffic.


Vande Bharat Trains Project: Indian Railways Signed Supply Contract with Indo-Russian JV Kinet Railway Solutions
The Indian Railways has signed a supply contract with the Indo-Russian Joint Venture (JVKinet Railway Solutions for manufacturing Vande Bharat trains. As per the contract, Kinet Railway Solutions will manufacture 120 Vande Bharat trains, along with maintenance services for 35 years.

  • Kinet Railway Solutions is a JV between Metrowagonmash (MWM) and Locomotive Electronic Systems (LES), Russia, and Rail Vikas Nigam Limited (RVNL), India for the production of Vande Bharat trains. MWM is a subsidiary of rail equipment manufacturer, Transmashholding JSC Group (Transmash).
  • The collaboration between MWM, LES, and RVNL for the Vande Bharat train project faced persistent challenges from the start, primarily over the issue of majority ownership between Indian and Russian partners.
  • The dispute delayed the contract signing with the Indian Railways till September 2023. The Indian Railways had invited bids for Vande Bharat train sets in December 2022 and they were opened in March 2023.
  • On September 14, 2023, the United States of America’s (US) Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on Russian entities including elites, industries, financial institutions, and technology suppliers.

RBI issues New Prudential Regulations for AIFIs; Cancels Licence of Nashik Zilla Girna Sahakari Bank Limited, Nashik i.The Reserve Bank of India (RBI) issued the RBI (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Operation of Investment Portfolio Norms and Resource Raising Norms for All India Financial Institutions) Directions, 2023 which will be applicable w.e.f. April 1, 2024.
ii.These were issued by RBI in exercise of powers conferred by Section 45L of the RBI Act, 1934.
iii.RBI cancelled the licence of the Nashik Zilla Girna Sahakari Bank Limited, in Nashik, Maharashtra, since the bank did have an adequate capital and earning prospects. Following this, the bank ceases to carry on banking business, with effect from 26th September 2023.
About Reserve Bank of India (RBI):
Governor – Shaktikanta Das
Deputy Governors – Swaminathan Janakiraman, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra


KBL-Swarna Bandhu: Karnataka Bank launches Door Step Gold Loan Facility in collaboration with SahiBandhu Karnataka Bank Limited (KBL) introduced an innovative Door-Step Gold Loan service called “KBL-Swarna Bandhu” for its customers in collaboration with SahiBandhu.

  • It enables complete digitalization of gold loan processes, allowing the bank to offer gold loan services directly to customers at their doorstep.  It also expands its Gold Loan Portfolio.
  • SahiBandhu, a leading aggregator platform for gold loans supported by The Manipal Group.

Key Points:
i.As a part of this collaboration, SahiBandhu will serve as a Corporate Business Correspondent and Lending Service Provider, adhering to the established digital lending guidelines.
ii.This collaboration will strengthen the bank’s gold loan portfolio and highlight the digital expertise of both Karnataka Bank and SahiBandhu.
iii.Initially, the service will be available in select bank branches and will gradually be extended to all branches.
About Karnataka Bank Limited(KBL):
Managing Director & Chief Executive Officer– Srikrishnan Hari Hara Sarma
Headquarters– Mangaluru, Karnataka
Tagline– Your Family Bank Across India
Establishment– 1924
About SahiBandhu:
Co-Founder and CEO– Rajesh Shet
Headquarters– Gurugram, Haryana


Kantar BrandZ Top 75 Most Valuable Indian Brands Report: TCS Retains Its Number One PositionIn the 10th anniversary edition of the Kantar BrandZ Top 75 Most Valuable Indian Brands Report conducted by Wire and Plastic Products (WPP) and Kantar, Tata Consultancy Services (TCS) retained its top position as India’s most valuable brand for the second consecutive year with a brand value of USD 43 billion.

  • Housing Development Finance Corporation(HDFC) bank and Infosys occupies  2nd and 3rd position with a brand value of  USD 33,612 and USD 24,170 respectively.

Data & Analytics:
India’s top 75 brands have a combined brand value of USD 379 billion, a decline of 4% from 2022.
About Kantar:
Chief Executive Officer (CEO) – Chris Jansen
Headquarters – London, United Kingdom(UK)


Gokul Subramaniam Appointed as Intel India President
Intel Corporation, a leading digital chipmaker based in the United States of America(USA), has appointed Gokul Subramaniam as the President of Intel India.

  • As Intel India President, he will be responsible for Intel’s overall engineering and design operations in India, including driving innovation, cross-group efficiencies, and execution of Intel products from the site.
  • He is currently a Vice President (VP) of the Client Computing Group (CCG) and serves as general manager of Client Platforms and Systems. He will be assuming the Intel India president role in addition to the existing leading client platforms and systems in CCG.
  • Before joining Intel in 2012, Subramaniam worked with Texas Instruments. He is the inventor of 6 patents with an additional 5 filed in the areas of computing, wireless, power management, industrial design, systems, and software.

In June 2023, Nivruti RaiIntel India country head and vice president of foundry services, resigned from her post. Later in July 2023, she was appointed as Managing Director (MD) and Chief Executive Officer (CEO) of Invest India, the investment promotion and facilitation agency of the Indian Governemnt.

  • Intel India is the company’s largest design and engineering center outside the United States of America (USA), with state-of-the-art design facilities in Bengaluru (Karnataka) and Hyderabad (Telangana).

KN Madhusoodanan Appointed as Part-Time Chairman of Dhanlaxmi Bank
Reserve Bank of India(RBI) has approved the appointment of KN Madhusoodanan as the Part-Time Chairman of Thrissur (Kerala)-based Dhanlaxmi Bank for a period of 3 years with effect from September 26, 2023. He has been an Independent Director on the Board of the Bank with effect from 9 November 2022.

  • KN Madhusoodanan succeeded G Subramonia Iyer, Part-time Chairman and Independent Director of the bank, who resigned in December 2021. Following his resignation, the bank had been without a Chairman for 21 months.
  • KN Madhusoodanan is the Managing Director of various private limited companies including Micro, Small & Medium Enterprises (MSME) companies. He ventured into civil construction in 1983.
  • He founded the Mavanal group of companies and established 2 crushed units Mavanal Granites Private Limited and Vajra Rock Mining Industries in Pathanamthitta, Kerala. He is the promoter and MD of M/s. Mavanal Granites Private Limited.

Previously, RBI rejected the proposal to appoint Rajagopalan Nair as its part-time chairman. He has been serving as an independent director with the bank since August 2020.


Iran’s IRGC Launched Military Imaging Satellite Nour 3 Into Orbit Iran’s Islamic Revolutionary Guard Corps (IRGC) has successfully launched a third military imaging satellite Nour 3  from the Shahroud spaceport of Iran into the orbit.

  • The satellite was launched by the three-stage Qased carrier which was developed by the IRGC.
  • In Persian, Noor means “light” and Qased means “Messenger”.

Points to note:
i.The Noor-3 was placed in Lower Earth Orbit(LEO) at the height of 450km (280 miles) from the surface of the Earth.
ii.Nour-3 satellite will be used to collect data and images for IRGC’s intelligence purposes.
Previous versions of Nour:
i.Nour 1 is the first military reconnaissance satellite launched by Iran after several failed attempts.

  • It was launched in April 2020 at a height of 425km (265 miles) above the Earth.

ii.Nour 2 was launched in March 2022 in a low orbit of 500km (310 miles).
Other Satellite of  Iran:
In August 2022, Iran’s high-resolution, remote-sensing Khayyam satellite was launched by Russia’s  Soyuz-2.1b rocket, from the Russia-controlled Baikonur cosmodrome in Kazakhstan.
About Iran:
President – Ebrahim Raisi
Capital – Tehran
Currency – Iranian Rial


Padma Awardee MS Swaminathan, Father of India’s Green Revolution, Passed AwayIndian agricultural scientist and Padma Awardee Mankombu Sambasivan Swaminathan (MS Swaminathan), who is popularly known as the Father of India’s Green Revolution, passed away at the age of 98 in Chennai, Tamil Nadu(TN). He was born on 7th August 1925 in Kumbakonam, Tamil Nadu. He is a native of Mankombu, Alappuzha District, Kerala.
About MS Swaminathan:
i.In 1954, Dr. Swaminathan joined the faculty of the Indian Agricultural Research Institute (IARI), New Delhi, Delhi. He served as the Director of IARI from 1961 to 1972.
ii.He served as the Director General (DG) of the Indian Council of Agricultural Research (ICAR) and Secretary to the Government of India (GoI), Department of Agricultural Research and Education from 1972-79.
iii.In 1988, he became the president of the International Union of the Conservation of Nature and Natural Resources.
iv.He has also served as the Member of the Parliament (MP) of India (Rajya Sabha – Nominated) from 2007 to 2013.
v.He founded M. S. Swaminathan Research Foundation (MSSRF), a research centre in Chennai in 1988 and served as its Chairman, Emeritus Chairman, and Chief Mentor.
Awards/Honours:
i.GoI honoured him with the Padma Shri (1967), Padma Bhushan (1972) and Padma Vibhushan (1989) for Science and Engineering.
ii.He was named the first World Food Prize Laureate for developing and spearheading the introduction of high-yielding wheat and rice varieties into India during the 1960s. He received the award in 1987.
iii.He won numerous international awards such as:

  • The 1994 United Nations Environment Programme (UNEP) Sasakawa Environment Prize;
  • The United Nations Educational, Scientific and Cultural Organization (UNESCO) Gandhi Gold Medal in 1999;
  • The 1999 Indira Gandhi Prize for Peace, Disarmament, and Development; and
  • The Franklin D. Roosevelt Four Freedoms Award in 2000.
  • The Ramon Magsaysay Award for Community Leadership in 1971.

iv.TIME Magazine honoured him as one of the 20 most influential Asians of the 20th century.

  • He was the 3rd Indian to receive this honour after Mahatma Gandhi and Rabindranath Tagore.

v.The government of Kerala conferred him the ‘Kerala Shastra Puraskaram 2021, for his achievement in agricultural research

  • Kerala Shastra Puraskaram, instituted jointly by the Kerala State Council for Science, Technology and Environment (KSCSTE) and the Department of Science and Technology.

Ashwin Dani, former Executive Chairman of Asian Paints Passed AwayAshwin Suryakant Daniformer Executive Chairman of Asian Paints Limited, India’s leading paint and decor company, has passed away at the age of 79. He was born on September 26, 1944, in Mumbai, Maharashtra.

  • He is the son of Suryakant Dani, one of the co-founders of Asian Paints.

Note: Asian Paints is now among Asia’s biggest paint companies with operations in 19 countries.
About Ashwin Suryakant Dani:
i.In 1967, Ashwin Dani initiated his career as a development chemist at Inmont Corp, now BASF in Detroit, the United States of America (USA).
ii.Ashwin Dani joined Asian Paints in 1968 as a senior executive.
iii.He joined the Asian Paints’ Board in 1970 and held the position of Vice Chairman and Managing Director (MD) of Asian Paints from 1998 to 2009.
iv.He served as the founder director on the board of PPG Asian Paints, a Joint Venture (JV), formed in 1997 between Asian Paints Limited and PPG Industries Inc., USA.
v.Since 2009, he continued on the board as the non-executive director & vice chairman of the board and the company.
vi.He served as the Non-Executive Chairman on the board of Asian paints from 2018 to 2021. He stepped down from his post in 2021.

International Day of Awareness of Food Loss and Waste 2023- September 29 The United Nations (UNInternational Day of Awareness of Food Loss and Waste (IDAFLW) is annually observed across the globe on 29 September to raise awareness of the importance of the food loss and waste issue and promote global efforts towards resolving it.

  • The day is co-convened by the Food and Agriculture Organization of the UN (FAO) and the United Nations Environment Programme (UNEP) and the day’s global events are led jointly by the two organisations.

29 September 2023 marks the observance of the 4th IDAFLW.

  • The 2023 theme of IDAFLW is, “Reducing food Loss and waste:  Taking Action to Transform Food Systems”.

With this theme, IDAFLW serves as a powerful call to action for both public and private entities to take action to reduce food loss and waste (FLW) toward transforming agrifood systems to contribute to the achievement of the 2030 agenda.
Background:
i.On 19 December 2019, the United Nations General Assembly (UNGA) in its 74th session adopted the resolution A/RES/74/209 and designated the 29 September of every year as the International Day of Awareness of Food Loss and Waste.

  • The resolution recognizes the fundamental role that sustainable food production plays in promoting food security and nutrition.

ii.The first IDAFLW was observed on 29 September 2020.
About Food and Agriculture Organization (FAO) of the UN:
Director-General– QU Dongyu
Headquarters– Rome, Italy
Established in– 1945


World Heart Day 2023 – 29th September 2023World Heart Day(WHD) 2023 is observed across the globe on 29th September 2023 to raise awareness about heart health and accelerate actions to prevent, detect and manage cardiovascular diseases(CVD).
Theme:
The theme for the World Heart Day 2023 is “Use Heart, Know Heart.”

  • The theme emphasises the crucial process of getting to know one’s own heart first; It intends to think and act towards the reduction of CVD.

i.WHD was established in 2000 by the World Heart Federation(WHF) in partnership with the World Health Organization (WHO).
ii.Numerous South East Asian nations, including Bangladesh, Bhutan, India, Nepal, and Timor-Leste, have committed to improving hypertension and diabetes management in primary healthcare by 2025 through the SEAHEARTS initiative.
About World Heart Federation(WHF):
World Heart Federation is a global Non-Governmental Organization(NGO) dedicated to the prevention and control of cardiovascular diseases.
President – Daniel Piñeiro
Headquarters – Geneva, Switzerland


Arunachal Signed MoU with NGI to Harness Geothermal PotentialsOn the occasion of World Tourism Day (WTD) 2023 (27th September 2023), Arunachal Pradesh government signed a Memorandum of Understanding (MoU) with the Norwegian Geotechnical Institute (NGI) to explore and develop its geothermal potential through hot springs available in the state.

  • The aim of the MoU coincides with the theme of WTD 2023 “Tourism and Green Investment.”

The Royal Norwegian Embassy, New Delhi, Delhi will technically support the project through NGI.
Delegates:
i.On behalf of Arunachal Pradesh the MoU was signed by Repo Ronya (Secretary of  Science & Technology in the state) and  Rajinder Bhasin (a technical expert from NGI) signed for NGI.
ii.The MoU was signed  in the presence of Arunachal Pradesh’s Chief Minister(CM) Pema Khandu and Vivek Kumar who is the Senior advisor of the Norwegian embassy in New Delhi, Delhi.
Aim of the MoU:

  • Aims to provide facilitating mechanism for both to work on mutually agreed, progressive and supportive activities.
  • Aim to further the development in the field of Geotechnics and Rock Engineering through dealing complex sub-surface geological and geotechnical issued of Arunachal Pradesh.

Current Affairs – 29 September 2023

FSSAI Introduces ‘Special Category’ to Promote Gender Equality in Food Biz

The Food Safety and Standards Authority of India (FSSAI) introduced a new provision of ‘Special Category in the online Food Safety Compliance System (FoSCoS) portal to promote gender equality and equal opportunities for women and transgender entrepreneurs in the food business sector.
Key Points:
i.According to this provision, licensing and registration authorities will prioritize ‘Special Category’ applications in a manner that ensures a one-to-one ratio with regular applications until there are no pending applications in either category.
ii.The identification of these individuals will be done during the application submission process through Aadhaar/PAN (Permanent Account Number) authentication.
About FoSCoS:
i.FoSCoS, introduced in 2020 by FSSAI, is an enhanced version of Food Licensing and Registration System (FLRS), launched in 2012 for issuance of pan-India FSSAI Licenses and Registration.
ii.FoSCoS is a cloud-based online platform offering multiple services to Food Business Operators (FBOs), including licensing, registration, and regulatory compliance.
About Food Safety and Standards Authority of India (FSSAI):
FSSAI is a statutory body under the Ministry of Health & Family Welfare established under under the Food Safety and Standards Act, 2006
Chairperson– Sudhansh Pant
Parent Ministry– Ministry of Health and Family Welfare
Headquarter– New Delhi, Delhi
Established in 2008


IBM Signed 8 MoUs with departments of MoE & MSDE to Scale Digital Skills Training in IndiaOn September 27, 2023, IBM (International Business Machines Corporation) signed  8 Memorandums of Understanding (MoUs)  with the departments under the Ministry of Education (MoE), and Ministry of Skill Development and Entrepreneurship (MSDE) to offer tailored courses to empower the Indian youths with future-ready digital skills.

  • The signing of these MoUs were presided over by the Union Minister Dharmendra Pradhan, MoE and MSDE.

Focus of the Collaboration:
This partnership focus on the co-creation of curriculum and access to IBM SkillsBuild,  learning platform of IBM, for learners across school education, higher education, and vocational skills on emerging technologies like Artificial Intelligence(AI) (including generative AI), Cybersecurity, cloud computing, and professional development.
What is in the MoUs?
IBM’s collaboration with MoE and MSDE spans following three levels of education:
i.School Education: Provide access to digital content and skills training from IBM SkillsBuild for high school students, teachers, and trainers in schools selected by Navodaya Vidyalaya Samiti (NVS), National Council for Teacher Education (NCTE), Kendriya Vidyalaya Sangathan (KVS) and NIOS (National Institute of Open Schooling).

  • This will be offered online (webinars) and in-person workshops.
  • IBM will also work on CBSE’s AI curriculum for Grades 11 and 12, develop a cyber skilling and blockchain curriculum for high school students to be hosted on IBM SkillsBuild.

ii.Higher Education: IBM, through its CSR (Corporate Social Responsibility) implementation partners, will work with the Department of Higher Education, All India Council for Technical Education (AICTE), National Institute of Electronics & Information Technology (NIELIT), National Institute of Technical Teachers’ Training & Research (NITTTR), Chandigarh and state skilling missions to offer digital content and skills development opportunities to students and faculty in technical fields through IBM SkillsBuild.
iii.Vocational Skills: Working with MSDE, Directorate General of Training (DGT), and state vocational departments to empower job seekers, including the long-term unemployed and school dropouts, with technical and professional skills through IBM SkillsBuild for workforce re-entry.


CBG, Biogas Plants Registered on GOBARdhan Portal to Get Financial Assistance
The Compressed Bio-Gas (CBG) plants and biogas plants registered on the Unified Registration Portal for Galvanizing Organic Bio-Agro Resources Dhan (GOBARdhan)  are eligible for financial assistance under the Market Development Assistance (MDAscheme of the Department of Fertilizers under the Ministry of Chemicals & Fertilizers(MoC&F).

  • Unified Registration Portal for GOBARdhan was introduced by the Department of Drinking Water and Sanitation (DDWS), under the Ministry of Jal Shakti, to streamline the registration of CBG plants and biogas plants across India. The DDWS is the Nodal Department for GOBARdhan.
  • As of September 2023, 1,163 biogas plants and 426 CBG plants registered on the portal.

The MDA scheme has been launched with a budget of Rs. 1451.82 crore over a three-year term (FY 2023-24 to FY 2025-26) to encourage the production and use of organic fertilizers derived from GOBARdhan plants.

  • Through the scheme, these plants get Rs. 1500 per metric ton(MT) for the sale of Fermented Organic Manure (FOM)/ Liquid Fermented Organic Manure (LFOM)/ Phosphate Rich Organic Manure (PROM) produced at their BG/CBG plants under the GOBARdhan initiative.

Indian Army Participates Counter Terrorism Field Training Exercise 2023 of ADMM Plus EWG Indian Army participates in the Association of Southeast Asian Nations(ASEAN) Defence Ministers Meeting (ADMM) Plus Expert Working Group (EWG) on Counter Terrorism Field Training Exercise (FTX) 2023.

  • The exercise takes place from 25th to 30th September 2023 in Primorsky Region of Russia.
  • The main objective of the exercise is strengthening and promoting regional cooperation in the field of counter-terrorism.
  • Indian Army is represented by a Contingent consisting of 32 personnel from 14th Battalion affiliated with the Rajputana Rifles.
  • The ADMM-Plus is a platform for ASEAN and its eight Dialogue Partners Australia, China, India, Japan, New Zealand, the Republic of Korea, Russia and the United States of America(USA).

About Association of Southeast Asian Nations (ASEAN):
Secretary General – Dr Kao Kim Hourn
Headquarters – Jakarta, Indonesia
Established – 1967


UNDP Launches Innovative e-Learning Programme on Sustainable FinanceThe United Nations Development Programme (UNDP) launched an innovative e-Learning Programme as a proactive response to the increasing global need to support and enhance sustainable finance.

  • This initiative, led by the Sustainable Finance Hub’s (SFH) Sustainable Development Goal (SDG) Finance Academy, aims to share UNDP’s extensive knowledge on sustainable finance with global practitioners.

Sustainable Finance:
Sustainable finance is the basis of SDG ambitions, empowering individuals worldwide to align funds with national SDG targets and crafting a universal sustainable finance framework for the benefit of all.
About the e-Learning Programme:
i.The open-access e-Learning Programme is available to anyone with an Internet connection.
ii.It comprises 10 comprehensive module that offers fundamentals of sustainable finance and advanced explorations in key areas of SDG.

  • The modules include budgeting, taxation, thematic bonds and insurance for the SDGs, accessing capital for SDG investment, establishing SDG investment project pipelines, and more.

iii.The SDG Finance Academy envisions broadening collaboration channels for a global sustainable finance community in the next phase, to support development financing’s impact.
Click here to know more
Sustainable Finance Hub (SFH):
i.The UNDP’s SFH has played a pivotal role in advancing sustainable finance initiatives.
ii.SFH introduced the SDG Finance Academy, a strategic program aimed at equipping its extensive workforce and national partners with sustainable finance knowledge.
iii.As a direct outcome of the SDG Finance Academy, Uruguay became the first-ever nation to issue a sovereign bond aligned with the UN SDGs.
Analysis to achieve SDG targets:
i.The UN SDG Report 2021 revealed a distressing increase in extreme poverty, reversing decades of progress. This increase in poverty is a significant setback to achieving SDG 1 (“No Poverty”).

  • Projections suggest that the global poverty rate may rise to 7%, further complicating efforts to eliminate poverty by 2030.

UNFPA India and IIPS Releases India Ageing Report 2023 United Nations Population Fund (UNFPA) India, along with the International Institute for Population Sciences (IIPS), unveiled ‘Caring for Our Elders Institutional Responses: India Ageing Report 2023’.
i.The India Ageing Report 2023 represents a thorough review of the living conditions and welfare of older individuals in India.
ii.Senior citizen occupies 10% of India’s population. By 2036, it will be 14.36%. In 2050 it will be 20.8%
iii.The report highlights  that women had higher life expectancy at the age of 60 and at the 80, when compared to men( with variations across States and Union Territories)
iv.The report suggest for enhanced geriatric care to address the unique healthcare requirements of old aged people.
v.This report is an important resource for scholars, policymakers, program managers, and all stakeholders involved in elder care.
About United Nations Population Fund (UNFPA):
Executive Director – Natalia Kanem
Headquarters – New York, United States of America (USA)
Established in –  1969 (as the United Nations Fund for Population Activities. Later its the name was changed to the United Nations Population Fund in 1987)


ECI & Election Commission of Seychelles Signed MoU for Cooperation in Electoral Management
Electoral Commission of Seychelles (ECS) has signed a Memorandum of Understanding (MoU) with the Election Commission of India (ECI) for cooperation to enhance electoral management and administration.

The MoU was signed by Danny Lucas, Chairperson of the ECS, and Rajiv Kumar, chief election commissioner of ECI.

  • This MoU will support improving electoral management and administration, building on shared experience, and facilitating the exchange of knowledge.
  • This will also strengthen exchange of best practices in election management and training of officials.

Previously,  CEC Rajiv Kumar visited Bhutan on 26th April 2023 and held Bilateral discussions with Dasho Sonam Topgay, Chief Election Commissioner of Bhutan, on the collaboration on human resource development, research & training, and leveraging technological advancements to strengthen election management.


Kotak Mahindra AMC Partners With CBSE to launch Investor Education and Awareness InitiativeKotak Mahindra Asset Management Company Limited(KMAMCL) in collaboration with the Central Board of Secondary Education (CBSE) has launched an Investor Education and Awareness Initiative called Seekho Paiso ki Bhasha”. 

  • The initiative aims to promote financial literacy among CBSE teachers in affiliated schools nationwide by conducting a series of educational and awareness programs.

Working:
i.As part of the initiative, 75,000 educators(50% of them being women educators) will be inculcated with the financial knowledge.

  • To raise awareness among teachers, 1,000 financial literacy programs  will be conducted in  September and October 2023 in 100 different locations across India.
  • To promote equitable growth and development, female educators are given equal consideration.

ii.The program will be taken care by 500 skilled trainers from the Centre for Investment Education and Learning (CIEL) which is located in Mumbai, Maharashtra.
iii.Upon completion of the program, Kotak Mutual Fund aims to reach over 75,000 CBSE teachers.
About Kotak Mahindra Asset Management Company Limited:
Group President & Managing Director – Nilesh Shah
Headquarters – Mumbai, Maharashtra
Established in – 1985
About Central Board of Secondary Education (CBSE):
Chairperson – Nidhi Chhibber
Headquarters- New Delhi, Delhi
Established in –1929 (started as the Board of High School and Intermediate Education. In 1952, it reached the national level and  was reconstituted as CBSE in 1962)


Motilal Oswal Nifty 500 ETF: Motilal Oswal Mutual Fund launches India’s 1st Nifty 500 ETF Motilal Oswal Mutual Fund launched India’s first Nifty 500 ETF (Exchange Traded Fund) “Motilal Oswal Nifty 500 ETF”, an open-ended scheme replicating/tracking the Nifty 500 Total Return Index.

  • Its New Fund Offer (NFO) is available for subscription until September 29, 2023.
  • The scheme will benchmark its performance against the Nifty 500 Total Return Index.
  • It will be managed by Swapnil Mayekar and Rakesh Shetty.

Objective:
To closely match the Nifty 500 Total Return Index’s returns, while accounting for tracking error but before accounting for expenses.
Key Points:
i.This fund is ideal choice for investors seeking long-term capital growth.
ii.Investors can join with just Rs 500 per plan/option and invest in multiples of Re 1, with no upper investment limit.
iii.The minimum amount for purchase/redemption would be in creation unit size of 20,00,000 units and in multiples thereof. Units once redeemed/repurchased will not be re-issued.
iv.Typically, the scheme will primarily invest in Nifty 500 Index constituents, making up 95-100% of total assets. It may also allocate up to 5% to low-risk instruments like liquid schemes and money market instruments.
iv.There are no charges for investing, and no exit load applies.
Additional info:
The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment.
About Motilal Oswal Asset Management Company Ltd. (MOAMC): 
It is the Investment Manager to Motilal Oswal Mutual Fund.
MD & CEO– Navin Agarwal
Headquarters– Mumbai, Maharashtra


Google Introduces Android Earthquake Alerts System in IndiaGoogle has introduced its Android Earthquake Alerts System in India in collaboration with the National Disaster Management Authority (NDMA) and the National Centre for Seismology (NCS), and the Ministry of Earth Sciences.

  • This partnership will aid in Central Government efforts in providing timely earthquake alerts and safety information.

About Android Earthquake Alerts System:
i.Android users with devices running Android 5 or newer will receive the feature.

  • To receive alerts, users must have Wi-Fi and/or cellular data connectivity, and both Android Earthquake Alerts and location settings enabled.

ii.This system utilizes the built-in sensors in Android smartphones, which are known as accelerometers, which can function as mini seismometers.
How does it work?
When a plugged-in and charging Android phone detect earthquake tremors, they send data to a central server. If multiple phones in the area detect similar shaking, the server estimates the earthquake’s details and sends rapid alerts to nearby Android devices. These user-friendly alerts, available in multiple Indian languages, often reach users before stronger shaking.

  • These alerts travel along the internet at the speed of light

Key Points:
i.There are two types of alerts: Be Aware and Take Action. Be Aware alerts provide information for light shaking. Take Action alerts to get your attention for moderate to heavy shaking.
ii.Previously, Google has collaborated with the NDMA to offer users safety information regarding natural disasters such as floods and cyclones through Google Search and Maps.
About National Disaster Management Authority (NDMA):
Headed by the Prime Minister (PM) of India, it is the apex body for Disaster Management in India.
Chairperson– Narendra Modi
Headquarters– New Delhi, Delhi


Narwhal/Hai Kun: Taiwan launches its 1st Domestically Made Submarine On 28th September 2023, President of Taiwan Tsai Ing-wen launched Taiwan’s 1st domestically built submarine named “Hai Kun” during a ceremony at the submarine’s shipyard in its southern Kaohsiung city, Taiwan.

  • Hai Kun means “mythical sea creature” in Chinese and it is dubbed as ‘Narwhal‘ in English.

Highlights:
i.Hai Kun is built with an outlay of Taiwan Dollar (T$) 49.36 billion (USD1.53 billion).
ii.It will use a combat system by Lockheed Martin Corp and carry US (United States)-made Mark 48 heavyweight torpedoes.
iii.The diesel-electric powered submarine will undergo several tests and will be delivered to the navy by the end of 2024.

  • Hai kun will undergo a harbor acceptance test on October 1 2023, followed by a sea acceptance test.

iv.The submarine will enter service in 2025, and join the fleet of two existing submarines purchased from the Netherlands in the 1980s.
Additional info:
i.Taiwan’s Indigenous Defense Submarine (IDS) program has targeted to buil one domestically developed submarine by 2025 and another by 2027.
ii.These will be deployed in the waters around Taiwan and the area from Suao in Yilan to Yonaguni Island in Japan’s Okinawa Prefecture.
About Taiwan:
President– Tsai Ing-wen
Capital– Taipei
Currency– New Taiwan dollar


China launches “Yaogan-33 04” Remote Sensing Satellite
China launched a remote-sensing satellite, “Yaogan-33-04,” also known as Yaogan 33D carried off by a Long March-4C carrier rocket from the Jiuquan satellite launch center in northwest China.

  • Yaogan-33 04 was developed by the Shanghai Academy of Spaceflight Technology. The Long March-4C is a three-stage launch vehicle fueled by liquid propellant.
  • The information from the “Yaogan-33 04” satellite will be used for scientific experiments, land resource surveys, crop yield estimates, and disaster prevention and relief work.
  • The launch marks China’s 45th rocket launch in 2023 and the 489th flight mission of the Long March carrier rocket series.

Remote Sensing Satellite is a satellite designed to gather data about the Earth’s surface and atmosphere using sensors to detect and measure various characteristics such as temperature, vegetation, and pollution.


Scientists Discover New Pangolin Species Named “Manis Mysteria
Scientist has identified a new Pangolin species, tentatively named “Manis mysteria” through the analysis of 27 scales confiscated in Hong Kong in 2012 and 2013. This new species becomes the 9th pangolin species and the 5th Asian pangolin.

Pangolins are nocturnal mammals that dig burrows, feed on ants and termites, and have scales made of keratin that cover their entire body.

  • Pangolin is the world’s most trafficked mammal and its scales are coveted for use in traditional medicine.
  • Since 2014, all 8 pangolin species are classified as threatened with extinction on The International Union for Conservation of Nature (IUCN) Red List of Threatened Species.

World Rabies Day 2023- September 28 World Rabies Day (WRD) is annually observed across the globe on 28 September to raise awareness of rabies prevention and to highlight progress in defeating this horrifying disease. The day also aims to advocate for rabies elimination globally.

  • 28th September 2023 marks the 17th observance of WRD.

The 2023 theme of WRD is, “Rabies: All for 1, One Health for All“.
Background:
i.In 2007, World Rabies Day was established by the Global Alliance for Rabies Control (GARC), a non-profit organization aimed to eliminate human deaths from dog rabies by 2030, and later endorsed by the World Health Organization (WHO).

  • It is an event designed to be inclusive, uniting people, organizations, and stakeholders across all sectors against rabies.

ii.The first WRD was observed on 28 September 2007.


World Maritime Day 2023- September 28The United Nations (UN)’s World Maritime Day (WMD) is annually observed on the last Thursday of September  to recognize the contribution of the people who work in the maritime industry.

  • World Maritime Day (WMD) 2023, the 46th World Maritime Day, observed on 28th September 2023.

The theme for World Maritime Day 2023 is ” MARPOL at 50 – Our commitment goes on”.

  • The WMD 2023 marks 50th anniversary of the adoption of the International Convention for the Prevention of Pollution from Ships (MARPOL).

Current Affairs – 28 September 2023

MoCF Minister Mansukh Mandaviya launches National Policy and PRIP Scheme for  Pharma-MedTech sectori.On September 26, 2023, Union Minister Dr. Mansukh Mandaviya, Ministry of Chemicals and Fertilizers (MoC&F) launched National Policy on Research and Development (R&D) and Innovation in the Pharma-MedTech Sector in India; and Scheme for Promotion of Research and Innovation in Pharma MedTech (PRIP) Sector during an event in New Delhi, Delhi.
ii.The policy aims to promote R&D in pharmaceuticals, including traditional medicines, phyto-pharmaceuticals, and medical devices.
iii.The Department of Pharmaceuticals has introduced the PRIP scheme with a budget of Rs. 5,000 crores, aiming to shift the Indian pharmaceutical sector towards innovation-driven growth by enhancing research infrastructure.
About Ministry of Chemicals and Fertilizers (MoC&F):
Union Minister– Dr. Mansukh Mandaviya (Rajya Sabha- Gujarat)
Minister of State (MoS)– Bhagwanth Khuba(Constituency- Bidar, Karnataka)


Ministry of Tribal Affairs Launches ‘Amazon Future Engineer Programme’ for EMRSs
National Education Society for Tribal Students (NESTS) under the Ministry of Tribal Affairs launched Phase II of the ‘Amazon Future Engineer Programme’ in 54 Eklavya Model Residential Schools (EMRS) spread across Andhra Pradesh, Gujarat, Madhya Pradesh, Odisha, Rajasthan and Telangana.

  • The second phase would include an Advanced Block Programming and Artificial Intelligence(AI)curriculum in addition to coding, logical sequencing, learning loops, and block programming.
  • The program covers students from class six to class 9 by offering fundamentals of computer science to the fundamentals of AI respectively.
  •  Phase I was launched on 2022 in collaboration with Amazon India and Learning Links Foundation (LLF), and has trained over 7,000 students from grades six to eight on the fundamentals of computer science and block programming modules.

Additional Info:

  • Anil Kumar Jha, Secretary of the Ministry of Tribal Affairs has inaugurated the EMRS Coders Expo in New Delhi, Delhi. It is an exhibition of the top 20 Coding Projects of the students from EMRS.
  • Anil Kumar Jha also inaugurated a 3-day workshop in Delhi to train EMRS teachers in the revised module.

Chainalysis’s Global Crypto Adoption Index 2023; India Tops Among 154 NationsAccording to the 2023 Global Crypto Adoption Index released by Chainalysis, a crypto-analysis firm, India has topped the index (rank 1), with a score of 1.0, among 154 countries. Previously, India was ranked 4th in the 2022 index.

  • Nigeria and Vietnam stands at second and third rank with the index score of 0.642 and 0.568 respectively.
  • This is the 4th annual Global Crypto Adoption Index. The first edition of the Index was published in 2020.
  • Centralized service value
  • Retail centralized service value
  • Peer-to-Peer (P2P) exchange trade volume
  • DeFi (decentralized finance) value
  • Retail DeFi value

Methodology:
The index ranks 154 countries based on characteristsic like population size and purchasing power, take the geometric mean of each country’s ranking in all five, and then normalize that final number on a scale of 0 to 1.
India’s rank in sub-index:
i.The country ranked first in four parameters including centralized service value, retail centralised service value, DeFi value and Retail DeFi value.
ii.India ranked 5th in sub index P2P exchange trade volume.
Government Interference:
i.This comes even as crypto trading and investing in India has subdued due to taxation rules introduced by the government.

  • With 30% tax on gains, India has also introduced 1 per cent Tax Deducted at Source (TDS) on crypto trades.

ii.India is also advocating for worldwide crypto legislation, at the G20 Summit hosted by India.
Note:The report also said that low-income countries saw a dramatic uptick in crypto adoption following a slump in late 2022, spurred by the collapse of the FTX(one of the world’s largest cryptocurrency exchanges).
About Global Crypto Adoption Index:
i.The report combines on-chain data and real-world data to measure which countries are leading the world in grassroots crypto adoption.
ii.The report aims to highlight the countries in which common people who use crypocurrency.
iii.The report has divided countries into several regions such as – (1) Central & Southern Asia and Oceania, (2) Sub-Saharan Africa, (3) North America, (4) Eastern Europe, (5)Latin America, (6) Eastern Asia, (7)Middle East & North Africa and  (8)Central, Northern, & Western Europe
Additional info:
Central & Southern Asia and Oceania (CSAO) region dominates the index, with six of the top ten countries located in this region.

  • India(1st rank), Vietnam(3rd rand), Philippines(6th rank), Indonesia(7th rank), Pakistan(8th rank) and Thailand(9th rank).

Yudh Abhyas 23: 19th Edition of India-US Joint Military Training Exercise Began in USA Exercise Yudh Abhyas 23, the 19th edition of the annual joint military training exercise between Indian Army and the United States Army is being conducted in Fort Wainwright, Alaska, the United States of America (USA).

  • This is a 14-day-long exercise which began on 25th September 2023 is set to culminate on 8th October 2023.

The theme of Yudh Abhyas 23 is ‘Employment of an Integrated Battle Group in Mountain/ Extreme Climatic Conditions’ under Chapter VII of United Nations(UN) mandate.
Note: The 18th edition of the Indo-US joint military exercise “Yudh Abhyas 22” was held at Auli in Chamoli district, Uttarakhand (India) from 16th November to 2nd December 2022.
Participants:
Indian Army contingent comprising of 350 personnel and 1-24 Infantry Battalion from the 1st Brigade Combat Team of the US Army is participating in the exercise.

  • The lead battalion from Indian side is affiliated to MARATHA Light Infantry Regiment.

Highlights:
i.The Exercise will entail exchanging best practices and enhancing interoperability to mutually learn from each other & strengthen the bond between the two Armies.
ii.A Command Post Exercise and Expert Academic Discussions on selected topics will also form part of the exercise.
iii.The scope of Field Training Exercise includes

  • Validation of Integrated Battle Groups against hostile forces at the Brigade level
  • Integrated Surveillance Grid at the Brigade/ Battalion level
  • Employment of Heliborne/ Airborne elements and Force Multipliers
  • Validation of logistics and casualty management during operations
  • Evacuation and combat medical aid and other aspects as applicable to High Altitude Areas and Extreme Climatic Conditions.

Significance:
i.Both sides will engage in a series of tactical drills to enhance interoperability in conducting United Nations(UN) peacekeeping operations.
ii.Additionally, the personnel from both countries will also hold detailed discussions to share their experiences and best practices.


Poonawalla Fincorp Gets RBI’s Approval to Issue Co-Branded Credit Card with IndusInd BankPoonawalla Fincorp Limited has received Reserve Bank of India(RBI)’s approval to issue co-branded credit card with IndusInd Bank Limited.

  • Poonawalla Fincorp Limited(formerly known as Magma Fincorp) is an Non-Banking Finance Company (NBFC) belonging to Cyrus Poonawalla group.

Key Points:
i.The co-branded credit card is designed offer benefits to the customers with a favourable credit history.

  • The credid card is set to be launched within 3 months.

ii.This partnership paves ways for Poonawalla Fincorp to enter credit card segment.
iii.The entire process of credit card will be 100% digital.
What is Co-branded Credit Card?
Co-branded credit cards are the product of a mutual partnership between a particular merchant and a credit card issuer. This will provide merchant-specific benefits to brand-loyal consumers.
About Poonawalla Fincorp Limited:
Poonawalla Fincorp was established in 1989 as Magma Fincorp Ltd. It was renamed as Poonawalla Fincorp Limited in July 2021 following the acquisition of controlling stake by Sun Holdings Private Limited.
Chairman – Adar Poonawalla
Headquarters – Pune. Maharashtra
About IndusInd Bank Limited:
Managing Director(MD) & Chief Executive Officer(CEO) – Sumant Kathpalia
Headquarters – Mumbai, Maharashtra
Established in – 1994
Tagline – We Make You Feel Richer

REC & PNB sign MoU to Co-Finance Infrastructure Project Debts worth Rs 55,000cr On September 26, 2023, a Memorandum of Understanding (MoU) has been inked between the REC Limited (Formerly Rural Electrification Corporation Limited) and Punjab National Bank (PNB) for collaboration to hunt potential funding opportunities in the Power Sector and Infrastructure & Logistics Sector through a consortium arrangement.

  • Both entities jointly provide financing worth Rs. 55,000 crores over the next 3 years.

Note: REC Limited is a Non-Banking Finance Company (NBFC), focusing on power sector financing and development across India.
Signatories:
It was signed by T.S.C Bosh, Executive Director (Infra & Logistics), REC Limited; and Rajeeva, CGM (Corporate Credit Division), PNB in Gurugram, Haryana.
Key Points:
i.REC provides long term loans and other finance products for Power-Infrastructure sector comprising of Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Green Hydrogen etc.
ii.PNB, one of the largest Public Sector Banks (PSB) in India funds infrastructure projects too along with banking.
Additional info:
i.REC Limited is venturing to expand its loan portfolio for green projects to Rs 3 lakh crore by 2030.
ii.REC have sanctioned more than Rs 85,700 crore towards various projects spanning from metro, ports, airports, oil refineries, highways, steel infra to healthcare, educational institutions and also in sectors of IT infra/ fiber optics, etc
About REC Limited:
It is a Maharatna CPSE (Central Public Sector Enterprise) established in 1969, under Ministry of Power.
Chairman and Managing Director– Vivek Kumar Dewangan
Headquarters– Gurugram, Haryana
About Punjab National Bank (PNB):
MD & CEO–  Atul Kumar Goel
Headquarters– New delhi, Delhi
Tagline– the name you can BANK upon !
Establishment– 1894


Ministry of Education, AICTE & Microsoft Signs MoU to Equip Students with SkillsMinistry of Education(MoE), All India Council for Technical Education (AICTE), and Microsoft have signed a Memorandum of Understanding (MoU) to equip students with skills and exposure to new technologies.

  • The collaboration aims to provide students with opportunities for skill development, mentorship, and project development, as well as to empower educators in the fields of AI, Cloud, Data Science, Data Analytics, and Security.

Features of the MoU:
i.Microsoft is set to integrate Microsoft Learn its centralized training and skilling platform to complement AICTE’s existing curriculum and offer students hands-on experience with Microsoft technologies.
ii.Microsoft will also engage students in the Azure Developer Community in India for industry insights and mentorship.

  • Students and educators will also have access to Azure Handbooks to work on projects that solve problems for industries including manufacturing, retail, healthcare, and education.

iii.The Future Ready Talent Program will also be offered for skilling students and virtual mentorship on technology projects to strengthen their competences.
Key people:
The MoU was signed in the presence of Dharmendra Pradhan, Union Minister of Education, Skill Development and Entrepreneurship, Dr. Subhas Sarkar, Minister of State for Education; Annapurna Devi, Minister of State for Education and T.G. Sitharam, Chairman of AICTE.
About Future Ready Talent Program:
i.Future Ready Talent Program is a digital upskilling program for students to enhance their employability.

  • Students will receive a certificate from Microsoft and the National Association of Software and Service Companies (NASSCOM) after completing their internship through this program.
  • It is the collaborative initiative by Microsoft, AICTE, FutureSkills Prime – a NASSCOM and Ministry of Electronics and Information Technology (MeitY) digital skilling initiative, Ernst & Young (EY), GitHub and Quess Corp.

About All India Council for Technical Education (AICTE):
All India Council for Technical Education (AICTE) is the national-level Apex Advisory Body for the promotion of quality in technical education under the Ministry of Education(MoE).
Chairman – T.G. Sitharam
Headquarters – New Delhi, Delhi
Established – 1945
About Microsoft:
Chief Executive Officer (CEO) – Satya Nadella
Headquarters – Redmond, Washington (United States of America)
Established – 1975


Waheeda Rehman to be Honoured with 53rd Dada Saheb Phalke AwardVeteran Indian actor and Padma Awardee Waheeda Rehman will be conferred with the Dada Saheb Phalke Award for the year 2021 for her lifetime contribution to Indian cinema. She will become the 53rd recipient of this award.

  • She will also be the 8th female artist to receive the dadasaheb phalke award.
  • The award will be presented during the 69th National Film Awards ceremony.
  • Honoured with the highest award in the field of cinema, the recipients of this award are recognized for their ‘outstanding contribution to the growth and development of Indian cinema’.

About Waheeda Rehman:
i.She was born on February 3, 1938, in Chengalpattu, Tamil Nadu. In her career spanning over 5 decades, Waheeda Rehman has worked in over 90 films.
ii.She initially started her film career in the Telugu industry with the 1955 Telugu films “Rojulu Maraayi” and “Jayasimha”. She made her Hindi cinema debut in Guru Dutt’s 1956 film “CID”.
iii.Her notable films include Pyaasa (1957), Guide (1965), Khamoshi (1969), Phagun (1973), Kabhi Kabhie (1976), Chandni (1989), Lamhe (1991), Rang De Basanti (2006), and Delhi 6 (2009),  Skater Girl (2021) among many others.
Awards:
i.The Government of India (GoI) awarded her the National Film Award (Best Actress) for the movie “Reshma and Shera” (1971).
ii.She was honoured with the Padma Shri (Art) in 1972, and Padma Bhushan (Art) in 2011
About Dadasaheb Phalke Award:
i.Dada Saheb Phalke Award, instituted in 1969, was introduced by the GoI to commemorate the contribution of Dhundiraj Govind Phalke (Dadasaheb Phalke) to Indian cinema.
The award recognises the ‘outstanding contribution to the growth and development of Indian cinema’.

  • Dhundiraj Govind Phalke, who directed India’s first full-length feature film, Raja Harishchandra in 1913 was considered the Father of Indian cinema.

ii.It is presented annually at the National Film Awards (NFA) ceremony organised by the Directorate of Film Festivals (DFF), under the Ministry of Information and Broadcasting(MIB).
iii.The award comprises a Swarna Kamal (Golden Lotus) medallion, a shawl, and a cash prize of Rs.10 lakh.
Note:

  • The inaugural award was conferred by Devika Rani Roerich in 1969.
  • Asha Parekh was honoured with the Dadasaheb Phalke Award for the year 2020(53rd recipient).

Council of Scientific & Industrial Research celebrated its 82nd Foundation Day –  26th September 2023Council of Scientific & Industrial Research(CSIR) celebrated its 82nd Foundation Day on 26th September 2023 with a event organised at the Bharat Mandapam in New Delhi, Delhi.

Note: CSIR, a premier national Research and Development (R&D) organization led by Prime Minister Narendra Modi, works under the administrative supervision of the MoST.
Achievements and Initiatives of CSIR:
i.CSIR’s Carbon Capture, Utilisation, and Storage (CCUS) mission aims to combat the urgent global challenge of carbon emissions reduction and climate change mitigation.

  • It tackles the pressing issue of carbon emissions and climate change.
  • Focuses on innovative CO2 capture, utilisation, and storage technologies.

ii.CSIR’s initiative focusing on the Sickle Cell Anaemia project aims to implement a comprehensive disease management plan.

  • The initiative’s goal is to alleviate the future disease burden and enhance the quality of life of patients.

Initiative:
i.CSIR Leadership to devise a “One Week-One Theme” scheme along the lines of OWOL, combining all the institutions dealing with the theme or the subject in a truly integrated fashion.
About Council of Scientific and Industrial Research (CSIR):
President– Narendra Modi
Vice-President– Dr. Jitendra Singh
Director – General – Dr. Nallathamby Kalaiselvi
Headquarters– New Delhi, Delhi
Established in– 1942


ACC approved Re-Appointment of Rajeshwar Rao as RBI Deputy Governor for 1 yearAppointments Committee of the Cabinet (ACC) has approved the re-appointment of M Rajeshwar RaoDeputy Governor of Reserve Bank of India (RBI), for a period of 1 year with effect from 9th October 2023.

  • Initially, he was appointed as the Deputy governor of RBI in October 2020 for a period of 3 years.

About Rajeshwar Rao:
i.Rajeshwar Rao joined the RBI in 1984 and as a career central banker, he has served in various key roles in the functioning of RBI, India’s Central Bank.
ii.He has held charge of the Risk Monitoring Department. He has also worked as the Banking Ombudsman, in New Delhi (Delhi).
iii.He worked in the RBI’s regional offices in Ahmedabad (Gujarat), Hyderabad (Telangana), Chennai (Tamil Nadu), and New Delhi.
iv.He was appointed as the Executive Director of RBI on November 7, 2016. Prior to this, he served as the Chief General Manager of the Financial Markets Operations Department.
Deputy Governors of RBI:
i.According to the RBI Act 1934, besides the governor, RBI needs 4 DGs, 2 from within the ranks, one commercial banker, and another economist to head the monetary policy department.
ii.The current 4 DGs of RBI are:

  • Swaminathan J
  • T. Rabi Sankar
  • M. Rajeshwar Rao
  • Dr. M.D. Patra

About Reserve Bank of India (RBI):
Governor– Shaktikanta Das
Headquarters– Mumbai, Maharashtra
Established on– April 1, 1935


Katrina Kaif Becomes Uniqlo’s First Brand Ambassador for India
Bollywood Actress Katrina Kaif has been named as the first Indian Brand Ambassador of Uniqlo, a Japanese multinational fashion retailer brand.

  • The one-year agreement will feature the actress in advertising films for the company’s ‘LifeWear’ range of everyday apparel.
  • Uniqlo is part of Japan’s largest fashion group Fast Retailing which has eight brands including Uniqlo, GU, Theory, PLST, Comptoir des Cotonniers, Princesse Tam-Tam, J Brand and Helmut Lang.
  • Uniqlo opened its first store in India in 2019.

Switzerland’s Tennis Player Roger Federer has been the Uniqlo Global Brand Ambassador since 2018.
Note:
Katrina Kaif was also recently (in September ‘23) named as the brand ambassador of Etihad Airways of United Arab Emirates.

World Tourism Day 2023- September 27 The United Nations (UNWorld Tourism Day (WTD) is annually observed across the globe on 27 September to promote and raise awareness among the international community about the importance of tourism, and its social, cultural, political, and economic significance.

  • The annual observance of WTD is led by the UN World Tourism Organization (UNWTO), a UN specialized agency responsible for the promotion of responsible, sustainable and universally accessible tourism.

27th September 2023 marks the observance of 43rd World Tourism Day.
The 2023 theme kept by the UNWTO is, “Tourism and green investment”.

  • With this theme, UNWTO highlights the need for more and better-targeted investments for the Sustainable Development Goals (SDGs), the UN roadmap for a better world by 2030.

Background:
i.On September 1979, the UNWTO General Assembly at its 3rd session in Torremolinos (Spain), decided to institute WTD.
ii.The first-ever WTD was observed on 27 September 1980.
About United Nations World Tourism Organization (UNWTO):
It is the UN agency responsible for the promotion of responsible, sustainable, and universally accessible tourism.
Secretary-General– Zurab Pololikashvili
Headquarters– Madrid, Spain
Established in– 1975


World Lung Day 2023 – September 25World Lung Day is observed annually on September 25th across the globe to raise awareness about lung health and promote lung disease prevention.

  • 25th September 2023 marks the 6th World Lung Day.

Theme:
The theme for World Lung Day 2023 is “Access to prevention and treatment for all. Leave no one behind.”

  • The theme highlights the importance of ensuring equal access to lung disease prevention and treatment for everyone, emphasizing that the goal is to ensure healthy lungs for all.
  • The theme reflects the commitment to ‘Reduce Inequity’ which is one of the 2030 Agenda for Sustainable Development goals.

Background:
i.World Lung Day was initiated by Forum of International Respiratory Societies (FIRS) which is a collaborative organization consisting of the world’s foremost international respiratory societies.
ii.The first World Lung Day was celebrated in 2017.
Significance:
i.The day aims to make people aware that clean air and essential lung care are fundamental rights, regardless of one’s circumstances.
ii.The day paves a path in the prevention of lung diseases such as asthma, chronic obstructive pulmonary disease (COPD), lung cancer, and infections like tuberculosis.
iii.It serves as a platform to advocate for universal access to quality healthcare, education, and diagnostics regarding lung health.
About FIRS:
i.FIRS was established in 2001; FIRS is dedicated to advancing lung health on a global scale.

  • David CL Lam is the President of FIRS and the Asian Pacific Society of Respirology (APSR)

ii.FIRS has identified three key target areas to tackle inequalities in the fight against respiratory disease:

  • Improving access to preventative services and stop-smoking treatments
  • Expanding access to inhalation therapies
  • Strengthening access to effective pneumonia vaccines for children.

iii.FIRS along with Global Initiative for Chronic Obstructive Lung Disease (GOLD), is calling on governments and healthcare providers worldwide to give equitable access to preventative services and treatments for respiratory conditions, and lifesaving pneumonia vaccines for children.


Chhattisgarh Government launches Mukhyamantri Gramin Awas Nyay Yojana
Chhattisgarh Chief Minister (CM) Bhupesh Baghel has launched the “Mukhyamantri Gramin Awas Nyay Yojana” with the aim of providing assistance for constructing houses to eligible beneficiaries of the scheme across the state.
The scheme includes beneficiaries who have not received the benefit of Pradhan Mantri (PM) Awas Yojana which is based on Socio-Economic Survey 2011 (officially known as Socio Economic and Caste Census – SECC 2011).

  • Based on the Chhattisgarh State Socio-Economic Survey 2023, around 1,076,545 families out of the 5,979,000 families were found to be houseless and having kutcha(mud and straw) houses.
  • The scheme provides financial assistance of Rs 1,30,000 and Rs 1,20,000 per family by dividing it into IAP (hilly and inaccessible areas) and non-IAP (plain areas) districts, respectively.
  • In addition, the eligible families will get Rs 12,000 as per their eligibility through the convergence of Swachh Bharat Mission Grameen (SBM-G) and Mahatma Gandhi National Rural Employment Guarantee Act(MNREGA).

Note:
Additionally, Rs 5 crore has been deposited to the accounts of 500 beneficiaries under the Mukhyamantri Nirman Shramik Awas Sahayata Yojana (MNSASY), which offers Rs 1 lakh for the construction of housing assistance to registered construction workers.


Northeast’s Mithun Recognized as a ‘Food Animal’ by FSSAI
The Food Safety and Standards Authority of India (FSSAI) has recognized Mithun (scientific Name-Bos frontalis), the bovine (cow-like animal) as a ‘food animal’.

Current Affairs- 27 September 2023

PM Modi Inaugurations on 23 & 24 September 2023Prime Minister Narendra Modi Had made notable made significant inaugurations during September 23 & 24 2023.
i.Prime Minister Narendra Modi Inaugurated Kashi Sansad Sanskritik Mahotsav 2023 at Rudraksh International Cooperation and Convention Centre in Varanasi, Uttar Pradesh.
ii.Prime Minister flagged Off Nine Vande Bharat Express Trains on September 24, 2023, via Video Conferencing to Enhance Connectivity and Passenger Experience.

  • The newly introduced Orange Vande Bharat Express in Kerala, inspired by the saffron color of the national flag, will operate on the Kasaragod-Thiruvananthapuram route via Alappuzha.

iii.Prime Minister Narendra Modi laid the foundation stone of an international cricket stadium in Varanasi.
iv.On September 23, 2023, Prime Minister Narendra Modi inaugurates International Lawyers’ Conference 2023 at Vigyan Bhavan in New Delhi.


Veerangana Durgavati Tiger ReserveMP’s 7th Tiger Reserve unveiled in MP The State Government of Madhya Pradesh (MP) has unveiled its 7th Tiger Reserve namely ‘Veerangana Durgavati Tiger Reserve’ which is spread over an area of 2,339 square kilometres across SagarDamoh and Narsinghpur districts of MP. Parts of it falls under the Narmada and Yamuna River basins.

  • The unveiling comes after the approval from the National Tiger Conservation Authority (NTCA).
  • The declaration of this Tiger Reserve is in accordance with the provisions of clause (ii) of sub-section (iv) of section 38V of the Wildlife (Protection) Act, 1972 (53 of 1972).

Key Points:
i.It will encompass areas within the Nauradehi Wildlife Sanctuary and Veerangana Durgavati Wildlife Sanctuary.
ii.About 1,414 square kilometres in the tiger reserve has been included in the core area and 925.12 square kilometres in the buffer zone.
iii.It comprises two core areas.

  • Core Area-1 spans an expansive 1390.036 square kilometers.
  • Core Area-2 encompasses 23.97 square kilometers.

iv.A green corridor will be developed to connect Panna Tiger Reserve (PTR)  to Durgavati for tiger movement.
v.Singorgarh Fort lies within the reserve.
vi.Designated areas in Veerangana Durgavati Tiger Reserve are recognized by the Union Ministry of Environment, Forest, and Climate Change (MoEF&CC) to safeguard wildlife conservation.
Features:
Vegetation– Dry deciduous type
Flora– Teak, Saja, Dhaora, Ber, Amla, etc.
Fauna– Tiger, leopard, wolf, jackal, Indian fox, striped hyena, Nilgai, Chinkara, Chital, Sambhar, Black Buck, Barking deer, Common Langur Rhesus Macaque etc.
Notes:
i.As per the report ‘Status of Tigers: Co-predators & Prey in India-2022’, released by the National Tiger Conservation Authority and Wildlife Institute of India in July this year, MP (785) has the highest number of tigers in India, followed by Karnataka (563) and Uttarakhand (560).
ii.Other six Tiger Reserves in MP are Kanha, Bandhavgarh, Satpura, Pench, Panna and Sanjay-Dubri.
About NTCA
The National Tiger Conservation Authority (NTCA) is a statutory body under the Ministry of Environment, Forests and Climate Change constituted under  provisions of the Wildlife (Protection) Act, 1972, as amended in 2006, for strengthening tiger conservation.
About Madhya Pradesh (MP):
Governor– Mangubhai Chhaganbhai Patel
Chief Minister– Shivraj Singh Chouhan
Wildlife Sanctuaries– Panpatha Wildlife Sanctuary, Phen Wildlife Sanctuary


Tata Motors delivers India’s first Hydrogen Fuel Cell Powered Buses to IOCLOn September 25, 2023, Tata Motors delivered first-of-its-kind two Hydrogen Fuel Cell Electric Vehicle (FCEV) buses to Indian Oil Corporation Ltd. (IOCL). These were flagged off by Union Minister Hardeep Singh Puri, Ministry of Petroleum & Natural Gas (MoPNG); Minister of State (MoS) Rameswar Teli, MoPNG; Shrikant Madhav Vaidya, Chairman, IOCL; among others.

  • The Indian Oil Corporation Ltd. is a Maharatna Central Public Sector Enterprises.

Key Points:
i.In June 2021, Tata Motors won a tender from IOCL to supply 15 FCEV buses for testing hydrogen-based Proton Exchange Membrane (PEM) fuel-cell technology in India.
ii.These 12-meter buses, designed for easy boarding and seating 35 passengers, were developed at Tata Motors’ R&D (Research & development) center in Pune, Maharashtra.
iii.This bus features 350-bar hydrogen storage system, 70 Kw fuel cell stack, electronic braking system & stability control for higher safety, intelligent transport system, new-generation telematics for efficient, user-friendly vehicle maintenance, etc.
iv.The buses underwent rigorous road testing and validation before delivery.
v.The buses are equipped with four cylinders each with a capacity of 30 kilograms that can run the buses for 350 kilometers.
Note:
Tata Motors launched its 3rd vehicle scrapping facility in Surat, Gujarat, on September 23, 2023. The facility, operated by partner Shree Ambica Auto, has an annual capacity to disassemble 15,000 end-of-life vehicles safely and sustainably, including vehicles of all brands.

  • Other two similar facilities are in Jaipur, Rajasthan; and Bhubaneshwar, Odisha.

Indian Navy & IISc Bengaluru Signed MoU for Technical Collaboration &  Joint Research
A Memorandum of Understanding(MoU) was signed between the Indian Navy (IN) and the Indian Institute of Science (IISc), Bengaluru, Karnataka, to promote academic cooperation in the varied field on Engineering, improve scientific understanding of defense-related technologies, and create new technologies.

  • The MoU was signed by Rear Admiral K Srinivas, Assistant Chief of Materiel (Dockyard & Refit) on behalf of the IN and Captain Shridhar Warrier (Retd), Registrar IISc and Prof B Gurumoorthy, Director of  Foundation for Science Innovation and Development (FSID) Bengaluru. FSID is promoted by IISc

CO2 Based AC:
IN collaborates with IISc to undertake development indigenously designed & developed future-ready Transcritical carbon dioxide (CO2) based Air Conditioner (AC) plant working on natural refrigerant.

  • By inculcating this technology, the use of halon synthetic refrigerants can be reduced and phased out in near future.
  • This MoU paves a path to develop such technologies in the near future

EFW 2023 Annual Report: List Topped By Singapore & India Ranks 87According to the Economic Freedom of the World(EFW) 2023 Annual Report released by Canadian think tank Fraser Institute, Singapore is the world’s freest economy in the world with the rating of 8.56. India Ranked 87 in the index.

  • Hong Kong and Switzerland stand as the second and the third freest economy with the rating of 8.55 and 8.47 respectively.
  • Hong Kong retained the top position since the start of the  EFW Index in 1970. For the first time, Hong Kong has slipped from its number one position to second place.
  • EFW 2023 Annual Report is based on data from 2021, the most recent year with comparable statistics across 165 jurisdictions.
  • New Delhi(Delhi) based independent Think-Tank ‘Centre for Civil Society’ is one among the Co-publishers of the index.

5 Areas:
The index measures the degree of economic freedom present in five major areas:

  • Size of Government
  • Legal System and Property Rights
  • Sound Money
  • Freedom to Trade Internationally
  • Regulation

Within these five major areas, there are a total of 45 components and subcomponents in the index.
India’s rating in five areas is as follows: 
Size of Government – 7.64, Legal System and Property Rights – 5.29, Sound Money – 7.99, Freedom to Trade Internationally – 6.19 and Regulation – 5.98.
A comparison:
India ranked high among BRICS countries. Brazil secured 90th rank, Russia secured 104th rank, China stands at 111 whereas South Africa ranks at 94.
Additional Info:
The reason for Hong Kong’s decline in the ranking is 
i.The main reason is introduction of new regulatory barriers to entry, an increase in the cost of doing business, and limitations on employing foreign labour affected the economic freedom score.
ii.The imposition of a national security law in 2020 restricted political and civil freedom connection.


RBI Approves Sahebrao Deshmukh Co-op Bank Merger with Cosmos Co-op Bank; Penalizes SBI, Indian Bank, Punjab & Sind Banki.RBI in exercise of its power conferred under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation (BR) Act, 1949 sanctioned the Scheme of amalgamation of The Sahebrao Deshmukh Co-operative Bank Ltd., Mumbai, Maharashtra with The Cosmos Co-operative Bank Limited, Pune, Maharashtra.
ii.RBI imposed a monetary Penalty on the State Bank of India (SBI), Indian Bank, an Punjab & Sind Bank in exercise of it powers conferred under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the BR Act.
iii.RBI also imposed a penalty of Rs 8.80 Lakh on Fedbank Financial Services Limited, a Non-Banking Financial Company (NBFC) in Mumbai, for non-compliance with certain provisions of the Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016.
iv.RBI has cancelled the licence of The Kapol Co-operative Bank Limited, Mumbai, Maharashtra amid inadequate capital and earning prospects.
About Reserve Bank of India (RBI):
Governor – Shaktikanta Das
Deputy Governors – Swaminathan Janakiraman, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra


ONGC Signed Agreement with HPCL for Sale of Oil from Mumbai Offshore
Oil and Natural Gas Corporation Limited (ONGC), the largest crude oil and natural gas Company in India, signed an agreement to supply crude oil from Mumbai (Maharashtra) offshore fields to Hindustan Petroleum Corporation Ltd (HPCL). This agreement covers the sale of approximately 4.5 million tonnes of crude oil per annum to HPCL’s Mumbai refinery.

  • ONGC and HPCL are the Maharatna Central Public Sector Undertakings (CPSUs) under the Ministry of Ministry of Petroleum and Natural Gas(MoPNG). HPCL is a subsidiary of ONGC

Note: ONGC produces 13-14 million tonnes of crude oil per year from its resources in the Arabian Sea, off the coast of Mumbai.
This is ONGC’s 2nd  term agreement sealed for the sale of Mumbai Offshore crude oil post-marketing freedom. Previsouly, in August 2023, ONGC signed a similar agreement with Bharat Petroleum Corporation Ltd (BPCL) to supply 4 million tonnes per annum of crude oil, with an optional 0.5 million tonnes.
About Oil and Natural Gas Corporation (ONGC):
Chairman & CEO– Arun Kumar Singh
Headquarters– New Delhi, Delhi
Established in– 14th August 1956


Agri Scientist Swati Nayak Becomes 3rd Indian to be Honoured with Norman E. Borlaug AwardIndian Scientist Swati Nayak has been named the 2023 recipient of the Norman E. Borlaug Award for ‘Field Research and Application’. She became the third Indian  and first odia (Odisha) scientist to receive this award in Field Research and Application. The award was announced in Climate Week New York City which held from 17-24 September 2023.

  • She received the recognition for her innovative approach of engaging farmers in demand-driven rice seed systems, from testing and deployment to access and adoption of climate-resilient and nutritious rice varieties.

Note: The other two Indians who received this award is  Aditi Mukherji (2012) and Mahalingam Govindaraj (2022).
About Swati Nayak:
i.Swati Nayak is a Scientist and the South Asia Lead for Seed System and Product Management at the International Rice Research Institute (IRRI), New Delhi, Delhi.

  • Nayak joined IRRI in 2013 as a specialist in Agriculture Research & Development (Gender, climate change)

ii.She is  fondly called Bihana Didi (seed lady) in Odisha.
iii.She also serves as the Global Lead for Rice and Co-lead for Cereal Seed Systems  under the  key initiative SeedEqual of Consortium of International Agricultural Research Centers (CGIAR), a global research partnership of centers conducting research on agriculture food systems.
Achievements:
i.Nayak developed high demanded drought-tolerant rice variety called Shahabhagi Dhan.
ii.She is also one of the key scientists working in the international seed policy agreement called Seeds Without Borders,  which speeds the dissemination of modern rice varieties across South and Southeast Asia.
iii.Nayak anchored Mahila Kisan Sashaktikaran Pariyojna (MKSP), an initiative under National rural Livelihood Mission(NRLM).

  • This was the first ever such dedicated initiative approved by Indian Cabinet for women farmers.

iv.She disseminated more than 20 promising climate-resilient and bio-fortified rice varieties.
About Norman E. Borlaug Award:
i.The Norman E. Borlaug Award for Field Research and Application, endowed by the Rockefeller Foundation
ii.The award is presented annually by the World Food Prize Foundation to an individual under the age of 40 who has made a significant contribution to improving global food security and nutrition.
iii.The recipient will receive USD 10,000 and an award diploma.
Additional Info:
Swati Nayak is set to formally receive the award during the Borlaug Dialogue scheduled to take place on 24 October 2023 in Des Moines, Iowa in United States of America(USA).


ICICI Lombard General Insurance Appoints Sanjeev Mantri as MD & CEOICICI Lombard General Insurance Limited appointed Sanjeev Mantri as the Managing director (MD) and Chief Executive Officer (CEO) of the company following the resignation of Bhargav Dasgupta from the post.

  • Sanjeev Mantri is currently serving as the Executive Director of ICICI Lombard General Insurance (since 2015).

Details of the Appointment:
i.Sanjeev Mantri will take on the position of MD and CEO from 1st December 2023 or the date of approval from the Insurance Regulatory and Development Authority of India (IRDAI), whichever is later, for a period of five consecutive years or his date of retirement, whichever is earlier, subject to the approval of IRDAI and the members of the company.

  • However, till 30th November 2023, Bhargav Dasgupta will continue to be the MD&CEO.

About Sanjeev Mantri:
i.Mantri is a cost and chartered accountant; He began his career with Bennett Coleman and Co., followed by key leadership positions at BNP Paribas.
ii.He was in charge of the retail division of ICICI Lombard and is responsible for the distribution of products across agency, bancassurance, direct, and alternate channels.

  • He also heads the strategy, products, analytics, pricing, marketing, and corporate communication segments in the company.

iii.Prior to ICICI Lombard, he handled Rural and Inclusive Banking portfolio at ICICI Bank.
About ICICI Lombard General Insurance Limited:
Managing Director & Chief Executive Officer(CEO) – Bhargav Dasgupta
Headquarters – Mumbai, Maharashtra
Established in – 2001


LSAM 9 (Yard 77): Indian Navy’s 3rd MCA Barge launched at Visakhapatnam
Commodore G Ravi, Warship Production Superintendent (Visakhapatnam, Andhra Pradesh) lanched Yard 77 (LSAM 9), the 3rd Missile Cum Ammunition (MCA) Barge of the Indian Navy, at the at Guttenadeevi, East Godavari, Andhra Pradesh, the launch site of M/s SECON Engineering Projects Pvt Ltd.

  • The Barge featuring major and auxiliary equipment/systems sourced from indigenous manufacturers is in line with the Make in India initiative of the Ministry of Defence.
  • The barge is constructed under the classification rules of the Indian Register of Shipping (IRS), with a service life of 30 years.

The contract for the construction and delivery of 08 X MCA Barges was concluded with M/s SECON Engineering Projects Pvt Ltd, Visakhapatnam, a Micro, Small, and Medium Enterprises (MSME) shipyard, aligning with the GoI’s “Aatmanirbhar Bharat” (Self-reliant India) initiatives.

  • The availability of MCA Barges is set to significantly enhance the operational commitments of the Indian Navy (IN), making the transportation, embarkation, and disembarkation of articles and ammunition for IN Ships more efficient.
  • The MSME shipyard had already delivered the first Barge of the series LSAM 7 (Yard 75) on 18th July 2023 and the 2nd Barge, Yard 76 (LSAM 8) on 18th August 2023.

Japanese Grand Prix: Max Verstappen Wins 13th F1 Grand Prix in 2023Belgian-Dutch driver Max Verstappen of Red Bull won the Formula 1 (F1)  Japanese Grand Prix 2023 held in Suzuka International Racing Course from 22nd – 24th September 2023.

  • McLaren driver Lando Norris of the United Kingdom(UK) finished second while Australian racing driver Oscar Piastri of  McLaren won third place.
  • This marks Max Verstappen’s 13th victory in 16 races of the 2023 season.
  • This also marks Max Verstappen’s 48th career win and Red Bull’s 15th of the season.

Note:
This victory marks Verstappen’s second consecutive Japanese Grand Prix title, including his title in 2022.
Winners of Japanese Grand Prix 2023:

  • This marks Red Bull’s second consecutive Constructors title and also their sixth title since they entered the sport in 2005.
  •  Red Bull won the constructors’ title in 2010,2011,2012,2013,2022 & 2023.
  • The constructors’ title was awarded to the team based on the points earned by the finishing position of each of their two drivers at each Grand Prix.

F1 Driver standing:
i.Max Verstappen leads F1 Driver standing points, and he could win his third consecutive driver’s title(world championship) if he wins the 2023 Qatar Grand Prix which is set to be held in October 2023.
ii.As of now, Verstappen has 400 points in driver standing while Mexican driver Sergio Perez of Red Bull is in 2nd place with 223 points and British driver Lewis Hamilton of Mercedes is at 3rd place with 190 points.
About Japanese Grand Prix 2023:
i.The first edition of the Japanese Grand Prix was held in 1987.

  • Circuit Length – 5.807km
  • Number of Laps – 53
  • Race Distance – 307.471 km

ii.Sponsorship – Lenovo
About Federation Internationale de l’Automobile (FIA)
The F1 Grand Prix races are organised by Federation Internationale de l’Automobile (FIA).
President – Mohammed Ben Sulayem
Headquarters – Paris, France
Established – 1904


National Award Winner, Veteran Malayalam Filmmaker KG George Passed AwayVeteran Malayalam film director and National Award winner Kulakkattil Geevarghese (KG) George passed away at the age of 77 near Kakkanad in Kochi, Kerala. He was born on 26 May 1946 in Pathanamthitta, Kerala.
About KG George:
i.KG George started his film career as an assistant to Ramu Kariat in the early 1970s.
ii.He debuted as a director with the film ‘Swapnadanam’ (1975) starring Rani Chandra.

  • He won the National film award for best feature film in Malayalam for his debut movie ‘Swapnadanam’ in 1976.
  • The film also won 2 Kerala State Film Awards for Best Film and for Best Screenplay.

iii.His prominent directorial works include ‘Ulkkadal’ (1979); ‘Onappudava’ (1978); ‘Panchavadi Palam’ (1984); ‘Adaminte Vaariyellu’ (1984); among others.
v.The last film he directed was Elavamkodu Desam, a period drama in 1998.
Awards:
i.He has won a total of 9 Kerala State Film Awards for his film Swapnadanam(1975); Rappadikalude Gatha (1978) Yavanika (1982); Adaminte Variyellu(1983); and Irakal(1985).
ii.He was honoured with the JC Daniel Award for 2015 in recognition of his lifelong contributions to Malayalam cinema.

  • JC Daniel Award is the highest award for contribution to Malayalam Cinema.

Other careers:
i.KG George was selected as a jury member for the National Film Awards in 2000 and he also chaired the jury of the Kerala State Film Awards in 2003.
ii.He also held the position of chairman of the Kerala State Film Development Corporation (KSFDC) for five years.
iii.He was the founder and chairman of the Malayalam Cine Technicians Association (MACTA) and continued to be an executive member.


UOW Australia& NSE Academy Unveils New Book on Corporate Finance 
The University of Wollongong (UOW), Australia in collaboration with the NSE Academy Limited launched the global edition of the book Introduction to Corporate Finance (sixth edition) at the NSE India(National Stock Exchange of India Ltd) headquarters in Mumbai, Maharashtra.

  • The book is authored by first year lecturers at UOW campuses (in Hong Kong and Dubai).
  • The book covers the principles of valuing and trading of shares in UAE, India, Malaysia, Hong Kong and Australia; The book hels in understanding the complexities and nuances of the corporate finance landscape.
  • The book was launched by NSE Managing Director and Chief Executive Officer (CEO) Ashishkumar Chauhan, UOW Vice-Chancellor and President Professor Patricia M. Davidson, and UOW’s Global Brand Ambassador Adam Gilchrist.

Note: On 18th September 2023, UOW Australia unveiled its UOW India identity at the Gujarat International Finance Tec-City (GIFT City), Gandhinagar and became one of the 1st foreign universities to have an International Branch Campus (IBC), a teaching base in India. This will award Australian degrees to Indian students.

International Day for the Total Elimination of Nuclear Weapons 2023- September 26 The United Nations (UNInternational Day for the Total Elimination of Nuclear Weapons is annually observed across the globe on 26 September to enhance public awareness about the threat posed to humanity by nuclear weapons and the necessity for their total elimination.

  • This day provides an opportunity to educate the public about the real benefits of eliminating such weapons, and the social and economic costs of perpetuating them.

Background:
i.On 26 September 2013, the United Nations General Assembly (UNGA) adopted a resolution A/RES/68/32 and declared 26 September of every year as the International Day for the Total Elimination of Nuclear Weapons.

  • The resolution was the follow-up to the UNGA’s first-ever high-level meeting on nuclear disarmament in 2013.

ii.The first-ever International Day for the Total Elimination of Nuclear Weapons was observed on 26 September 2014.


World Contraception Day 2023 – September 26 World Contraception Day celebrated annually observed across the globe on September 26th to raise awareness about contraception and to enable people to make informed choices about their sexual and reproductive health.

  • 26th September 2023 marks the observance of 17th World Contraception Day.

The theme of World Contraception Day 2023 is “The Power of Options”
Background:
i.World Contraception Day was established by the 10 International Family Planning Organizations to highlight the importance of contraception as a conscious choice in family planning.
ii.The first-ever World Contraception Day was observed on 26 September 2007. 

World Environmental Health Day 2023- September 26World Environmental Health Day is annually observed across the globe on 26 September to raise awareness about the importance of environmental health and to promote action to protect human health from environmental hazards.

  • The day is dedicated to raising awareness about the critical role the environment plays in our well-being.

The 2023 theme of World Environmental Health Day is, “Global Environmental Public Health: Standing up to protect everyone’s Health each and every day“.

  • The theme highlights that Environmental health is a critical component of public health, encompassing both natural and human-induced factors that shape our well-being.

Current Affairs- 26 September 2023

India’s First Lighthouse Festival Held in Goa to promote Lighthouses as Tourist DestinationsThe First edition of ‘Bharatiya Prakash Sthamb Utsav’ or ‘Indian Lighthouse Festival’, the 3 day long event to promote  Lighthouses as Tourist Destinations was held in Goa from 23rd to 25th September 2023.

  • The festival was inaugurated by Union Minister Sarbananda Sonowal, Ministry of Ports, Shipping & Waterways (MoPSW) at Fort Aguada in Panjim, Goa on 23rd September 2023.
  • This festival was celebrated across all the lighthouses in India to promote historic spots i.e. Lighthouses as tourist destinations.
  • It also highlights the invaluable role of lighthouses in the coastal regions.

Key Points:
i.MoPSW will utilize this festival to promote Public Private Partnerships (PPP) for transforming  India’s historic lighthouses into world-class tourist destinations, and showcase their rich maritime heritage globally.

  • The Central Government has selected 75 Lighthouses for the same.
  • This transformation will be done under the campaign ‘Lighthouse Heritage Tourism’.

ii.During the event, a session titled ‘Vanguards of Our Shores: Lighthouses as Testaments of India’s Past and Present’ was held, organized by Bharat Pravah, an initiative of Institute for Governance, Policies and Politics. It was hosted by known historian and archaeologist Professor Vasant Shinde,
ii.Investment opportunities across 75 Lighthouses were highlighted along with cultural exhibitions, session highlighting maritime history and culture, classical performances, light and sound shows, among others.
iii.The Central Government replaced the Lighthouse Act, 1927 with the Marine Aids to Navigation Act, 2021, establishing a framework for aid to navigation in India.

  • This new law introduced the concept of Heritage Lighthouses, allowing the government to designate aids to navigation as heritage sites for educational, cultural, and tourism purposes.

Note: 
India has at least 203 lighthouses spread across its 7,517 km coastline.
Participants:
Pramod Sawant, Chief Minister (CM) of Goa; Shripad Naik, Union Minister of State(MoS) for Ports, Shipping & Waterways and Tourism along with other senior officials from both state and central governments participated in the event.
About Goa:
Governor– P. S. Sreedharan Pillai
Chief Minister– Pramod Sawant
Airports– Marmagao Port, Manohar International Airport


India Creates History,  Achieves 75% ODF Plus Villages under Swachh Bharat Mission – GrameenIndia has achieved the major milestone under the Swachh Bharat Mission (Grameen) Phase II with 75% villages achieving Open Defecation Free (ODF) Plus status under Phase II of the Mission.

  • Total of 4.43 lakh villages have declared themselves ODF Plus, which is a significant step towards achieving the Swachh Bharat Mission – Grameen (SBM-G) phase II goals by 2024-25.

i.100% ODF Plus Model villages Among States/ UTs – Andaman & Nicobar Islands, Dadra Nagar Haveli & Daman Diu, Jammu & Kashmir and Sikkim.
About Swachh Bharat Mission (Grameen)
Launched In – 2014
Released By – Ministry of Jal Shakti
Aim  To accelerate the efforts to achieve universal sanitation coverage and to put focus on sanitation.


Iran-India Joint Chamber of Commerce & FIEO Signed MoU to Boost Trade, Investment
On September 22, 2023, Iran-India Joint Chamber of Commerce signed a Memorandum of Understanding (MoU) with New Delhi(Delhi) based Federation of Indian Export Organization (FIEO)  to develop cooperation in the fields of trade, investment, quality standards and technology transfer.

  • The MoU was signed by Mahdi Rangrona, Vice President of the Iran-India Joint Chamber of Commerce; and Ajay Shai, Director General(DG) and Chief Executive Officer (CEO) of  FIEO.

About Iran:
Capital– Tehran
Currency– Iranian Rial
President– Ebrahim Raisi


INS Sahyadri Participates in 1st India-Indonesia-Australia Trilateral Maritime Exercise
From September 21-22, 2023, the first trilateral Maritime Partnership Exercise was held between the Indian Navy (IN), Royal Australian Navy (RAN) and Indonesian Navy where India was represented by warship Indian Naval Ship (INS) Sahyadri which is mission deployed in Indo-Pacific.

  • INS Sahyadri is an indigenously built warship of the Indian Navy which was mission deployed in the Indo-Pacific region.

The  trilateral Maritime exercise allowed the nations to enhance their partnership and capabilities for a stable Indo-Pacific region through complex tactical exercises, cross-deck visits, and helicopter training to improve interoperability.
About INS Sahyadri:
INS Sahyadri is the third ship of the indigenously designed and built Project-17 class multirole stealth frigates. It was built at Mazagon Dock Ltd, Mumbai, Maharashtra and is commanded by Capt Rajan Kapoor.


SIDBI signs pact with DLAI to Boost Fintech SectorOn September 23, 2023, a Memorandum of Understanding (MoU) has been inked between the Small Industries Development Bank of India (SIDBI) and the Digital Lenders Association of India (DLAI) to boost India’s fintech sector by utilizing each other’s expertise.

  • The MoU was signed during UnConvlave2023 event organized by DLAI in Goa.

Signatories:
Jatinder Handoo, Chief Executive Officer (CEO), DLAI; and Sivasubramanian Ramann, Chairman and Managing Director (CMD), SIDBI
What is in the MoU?
i.The MoU focuses on creating standard protocols for digital lending partnerships, including Bank- Lending Service Providers (LSPs) alliances and co-lending arrangements.
ii.SIDBI will offer resource support to eligible DLAI member NBFCs (Non-Banking Financial Company) and explore Assignment and Securitisation transactions.
iii.The agreement will explore partnerships for various direct credit schemes, such as “Prayaas,” GST Sahay, Express loan, and green financing.
iv.There will also be development of policies to protect consumer interest.
Key Points:
i.During the event, DLAI’s latest version of the industry Code of Conduct (CoC) was also launched by Sivasubramanian Ramann, CMD, SIDBI.
ii.This CoC aligns with Reserve Bank of India’s (RBI) Digital Lending Guidelines, emphasizing responsible lending, transparency, fair debt collection, data privacy, security, and regulatory compliance.
iii.Established in 2016, DLAI is a premier national-level association of digital lending institutions in India.


SEBI Board Approves Various ProposalsDiscusses Tech Trends In Securities MarketThe Securities and Exchange Board of India (SEBI) discussed various trends in the securities market, and on SEBI approach to proactively plan for the same during its 202nd Board Meeting held on September 21, 2023 in Mumbai, Maharashtra. SEBI also approved the following proposals:
1.Flexibility in the framework for Large Corporates (LCs) for meeting incremental financing needs through issuance of debt securities
SEBI approved the proposal to provide flexibility in the framework for large corporations (LCs) to meet financing needs from the debt market through measures to the existing LC framework
The measures are:
i.Raise the monetary threshold for defining LCs

  • As per the current rules, LCs are those that need to have an outstanding long term borrowing of at least Rs 100 crore, a credit rating of ‘AA and above’, and a target to finance themselves with long term borrowings (above one year).

ii.Eliminate penalties for LCs unable to meet a set percentage of incremental borrowing from the debt market
iii.Introduce a system of incentives and balanced disincentives
iv.Keeping the three-year contiguous block requirement for compliance
v.Removing the need for large corporations to file identification and compliance statements
vi.Manadates LCs to meet one-fourth of their financing needs from the debt market.
2.SEBI extends timeline for compliance with enhanced qualification and experience requirements for Investment Advisers
SEBI Board extended the compliance deadline for enhanced qualification and experience requirements for investment advisers to September 2025 from September 2023 and applied these requirements to individuals, principal officers, and associated persons with investment advisers.
3.Streamline the Framework for credit of unclaimed amounts of investors in listed entities other than companies, REITS and InvITs to IPEF 
i.SEBI Board has approved amendments to make it easier for investors in debt to access unclaimed amounts in debt-listed entities (excluding companies), Real-Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).

  • In this regard amendments will be made in Investor Protection and Education Fund (IPEF) Regulations, Listing Obligations and Disclosure Requirements (LODR) Regulations, InvIT Regulations and REIT Regulations

ii.With this, Investors can directly approach the respective listed entities, REITs, and InvITs to claim their unclaimed amounts, ensuring a smoother claim process.
iii.Regulatory guidelines will be put in place for the segregation and efficient utilization of unclaimed amounts in the IPEF as per the board’s directives.


FinMin Retains 6.5% GDP Growth Estimate for FY24 
The Monthy Economic Review – August 2023 released by the Department of Economic Affairs under the Ministry of Finance, has retained its estimate for India’s real Gross Domestic Product (GDPgrowth for the Financial Year 2023-24 (FY24) at 6.5%.

  • The risks to the growth outlook were offset by the bright spots in corporate profitability, private sector capital formation, bank credit growth, and activity in the construction sector.
  • The report also said that the steady decline in the urban unemployment rate has contributed to keeping private consumption strong in the economy.
  • High domestic demand for consumption and investment hiked the GDP growth rate in the first quarter(Q1) of FY 24 (April-June 2023).
  • High-Frequency Indicators(HFIs) suggest that the second quarter(Q2) of FY24 (July-September 2023) is shaping up well.

Biswanath Ghat in Assam Selected as Best Tourism Village of India 2023
Assam Chief Minister(CM) Himanta Biswa Sarma announced that the Union Ministry of Tourism(MoT) has selected Biswanath Ghat(also known as Gupta Kashi) of Sonitpur district of Assam as the Best Tourism Village of India 2023.

  • MoT has also selected Kiriteshwari village in the Murshidabad district of West Bengal as the Best Tourism Village of India.
  • The villages were selected from amongst 791 applications from 31 States and Union Territories(UTs).

i.Biswanath Ghat is known for cultural amalgamation and spiritual and religious sites like Gangmou Than and Nagsankar temple.
ii.Kiriteshwari, located near Bhagirathi River, houses the Kiriteshwari temple, one of India’s 51 Shaktipeethas.
The Best Tourism Villages Competition seeks to honor a village that best exemplifies a rural tourism destination.

  • It showcases the renowned cultural and natural assets, and preserves & promotes community-based values, goods, and lifestyles of the villages in India.

ADB Appoints Bhargav Dasgupta as Vice-President for Market Solutions On September 22, 2023, the Asian Development Bank (ADB) has appointed Bhargav Dasgupta as Vice-President (Market Solutions) for a period of 3 years.

  • Prior to this appointment, He was serving as the Managing Director (MD) & Chief Executive Officer (CEO) of ICICI Lombard General Insurance Co. Ltd since 2009.
  • He has resigned from the post of MD & CEO of ICICI Lombard. His tenure as MD & CEO was set to end in April 2024.

Roles and Responsibilities:
As the Vice President (Market Solution) of ADB, he will be responsible for management of the operations of ADB’s Private Sector Operations Department and Office of Markets Development and Public–Private Partnerships.
About Bhargav Dasgupta:

ii.He also set up ICICI Bank’s International Banking Group and built its presence in 15 countries within 4 years.

  • This International Banking business strategy became a case study at Harvard Business School in Massachusetts, United States (US)

iv.Prior to the appointment as MD & CEO of  ICICI Lombard, he was the Executive Director of ICICI Prudential Life Insurance during October 2006 to May 2009.
v.He is currently the Chair of FICCI’s (Federation of Indian Chambers of Commerce & Industry ) Insurance & Pension Committee.
About Asian Development Bank (ADB):
President– Masatsugu Asakawa
Headquarters– Mandaluyong, Metro Manila, Philippines.
Established in 1966
Members– 68 member countries(49 are from Asia and Pacific)


Tata Electronics Chairman Banmali Agrawala Appointed as New Chairman of Tata Advanced SystemsBanmali Agrawala has been appointed as the New Chairman of Tata Advanced Systems Limited (TASL), the aerospace and defense solutions division and wholly owned subsidiary of TATA Sons, the holding company of TATA Group.

  • Prior to the appointment, he was serving as the Senior Advisor at Tata Sons and Chairman of Tata Electronics Private Limited (TEPL).
  • He succeds Vijay Singh who has retired from the post. He was serving as the Chairman of TASL since 2018 and he is also serving as the Vice-Chairman of TATA Trust.

Note: Tata Sons is the holding company of Tata Group.
About Banmali Agrawala:
i.Banmali Agrawala started his career with the Wartsila Group, a Finnish manufacturing and services company and worked there for 20 years, both in India and in Finland.

  • He became the Managing Director (MD) of Wartsila India Ltd, the Global head of the BioPower Industries and a member of the Global Power Plant Management Board.

ii.He has also served as the President and Chief Executive Officer (CEO) of General Electric (GE), South Asia.

  • Prior to GE, he served as the Executive Director (Business Development & Strategy) and a member of the Board at Tata Power.

iii.He assumed the role of President of Infrastructure, Defence & Aerospace at Tata Sons Private Limited in October 2017, markinghis 2nd tenure with the Tata Sons.
iv.He is a member of the Board of Directors of the United States of America (US)-India Business Council (USIBC) and Pratham Education Foundation.
Chairman in Tata Group: In the Tata Group, he is the Chairman of companies like Tata Projects, Tata Housing Development Company, Tata Realty and Infrastructure Ltd., Air Asia (India) Ltd. and is on the Board of Tata Power and TASL.
Positions in CII: He is an active member of the Confederation of Indian Industries (CII), and held several positions within CII such as Chairman of the Western Regional Council, and currently is also a Member of CII’s National Council.
Note: TASL is planning to build defence systems and equipment under its ‘Make in India‘ scheme with technological help from foreign defence equipment makers.
About Tata Advanced Systems Limited (TASL):
Chairman– Banmali Agrawala
CEO & Managing Director– Sukaran Singh
Headquarters– Hyderabad, Telangana
Established in– 2007


Archaeologists Found World’s Oldest Wood Structure in Zambia, Dating Back 476,000 Years A group of archaeologists has discovered the evidence of world’s oldest wooden structure, “a pair of interlocking logs connected by a notch” that date to 476,000 years ago at an archaeological site of Kalambo Falls, Africa’s 2nd-highest waterfall on the Kalombo River in Zambia.

  • The findings of this structure were published in the journal ‘Nature’ on 20 September 2023.

Note:

  • Kalambo Falls on the Kalambo River is a 235-metre single-drop waterfall on the border of Zambia with the Rukwa Region of Tanzania at the edge of Lake Tanganyika.
  • This falls was inscribed into the United Nations Educational, Scientific and Cultural Organization’s (UNESCO) World Heritage site in 2009.

Highlights of the Discovery:

  • The remains of the ancient complex wood structure pre-date ‘Homo sapiens’ (humans) by over 100,000 years suggesting that early hominins were experts at woodworking.
  • This discovery challenges the standard view that Stone Age humans were wanderers.

About the Wooden Artifact:
i.The artifact includes 2 preserved interlocking logs joined transversely by an intentionally cut notch. The upper log had been shaped, and tool marks were found on both logs.
ii.These logs were deliberately shaped and joined together to form a structure, probably the foundation of a platform or part of a dwelling.

  • This revelation originates from the Kalambo Falls area, where ancient Stone Age humans had a consistent water source and an abundance of forest-based food.

iii.According to the scientists, this is a first of its kind finding in the African or Eurasian Paleolithic and may represent the earliest use of wood in construction.
Research technique:
i.The research team employed a luminescence dating technique to determine the age of the world’s oldest wooden structure.
ii.This technique involved measuring the natural radioactivity in minerals in the fine sediment that encased the wood to figure out when it was last exposed to sunlight.
Other findings:
At Kalambo, the scientists also recovered 4 wood tools from 390,000 to 324,000 years ago, including a wedge, digging stick, cut log, and notched branch.
Research Team:
i.This research is part of the Deep Roots of Humanity project, led by Archaeologist Professor Larry Barham from the University of Liverpool, the United Kingdom (UK), and Geoff Duller, professor of Geography at the University of Aberystwyth, UK.
ii.This project explores how human technology developed during the Stone Age and is funded by the UK’s Arts and Humanities Research Council.
About Zambia:
Capital– Lusaka
President– Hakainde Hichilema
Currency– Zambian Kwacha/Ngwee


Israel Unveils MBT ‘5th Generation’, ‘Lightning’ Version of Merkava TankThe Defense Ministry and Israel Defense Forces(IDF) unveiled its new 5th generation main battle tank (MBT), the Merkava Mark 5, also known as “Barak,” which translates to “lightning” in Hebrew. The Merkava 5 is the refined version of the Merkava IV.

  • The tank underwent five years of development.
  • The Barak tank was developed jointly by the Defense Ministry’s Armored Vehicles Directorate and the IDF’s Ground Forces and Armored Corps.
  • The first models of the tank were delivered to the 52nd Armored Battalion of the 401st Brigade.

Features:
The tank is described as a “leap forward” in terms of its technological capabilities and is equipped with a number of advanced features, including:

  • A new Iron Vision helmet for the tank commander, which provides a 360-degree view of the surrounding area equipped with artificial intelligence and augmented reality overlays that can highlight enemy targets and other important information.
  • A new fire control system that is more accurate and faster than previous systems.
  • A new active protection system that can detect and intercept incoming anti-tank missiles.
  • Improved armor and mobility.

These advanced systems were created by multiple Israeli defense companies, including Elbit Systems Limited, Rafael Advanced Defense Systems Limited, and the Israel Aerospace Industries’ subsidiary, Elta system Limited along with other firms. 
Capabilities:
i.The Barak tanks are equipped with “a wide infrastructure of reliable sensors” to detect targets and intelligence information can be shared between the tank and other parts of the military, which will be “a real revolution on the battlefield.
ii.The tanks also feature the advanced Windbreaker missile defense system, developed by Rafael, which is currently used on older Merkava tank models and Namer armored personnel carriers.
iii.It also has a radar detection system ‘Trophy outside Israel’, for identifying incoming missiles and taking subsequence action.
About Israel:
Prime Minister – Benjamin Netanyahu
Capital – Jerusalem
Currency – New Israeli Shekel


Pterygotrigla intermedica: ZSI Discovered New Species of Deep Water Marine Fish of West Bengal CoastThe scientists of Zoological Survey of India (ZSI) have identified a new species of vibrant orange deep-water marine fish namely ‘Pterygotrigla intermedica from Digha Mohana in West Bengal.
The details of the new species are published in the international marine science Journal Thalassas on September 20, 2023.

  • The new species, commonly known as gurnards or sea-robins, belongs to the family Triglidae and Indo-Pacific subgenus Otohime of the genus Pterygotrigla.
  • It’s is the fourth Pterygotrigla species found in India, among a total of 178 Triglidae species worldwide.

Features:
Notable features of the new species include a long opercular spine and a very short cleithral spine; lateral-line, gill rakers on upper limb and 12–13 on lower limb of first gill arch and a large black blotch between the 4th and 6th spines of the first dorsal fin.
Key Points:
i.The team of scientists was led by Anil Mohapatra of the Estuarine Biology Regional Centre (EBRC) at ZSI, along with Sanmitra Roy and Subhrendu Sekhar Mishra.
ii.The discovery was made in 2018 when a local fisher caught the species as a bycatch.

  • 24 specimens were collected during a study of by-catch components along India’s east coast.
  • Out of the 24 specimens, 23 are preserved at ZSI’s EBRC in Gopalpur, Odisha with one specimen in the Marine Fish Section in Kolkata for further study.

About Zoological Survey of India (ZSI)
ZSI is a statutory advisory body under the Ministry of Environment, Forests and Climate Change (MoEFCC).
Director– Dr. Dhriti Banerjee
Headquarters– Kolkata, West Bengal
Establishment– 1916


Marco Bezzecchi Wins Inaugural MotoGP Grand Prix of India 2023Italy’s Marco Bezzecchi of Mooney VR46 Racing team won the IndianOil Grand Prix of India (MotoGP Bharat 2023) held at the Buddh International Circuit(BIC), Greater Noida, Uttar Pradesh.

  • Jorge Martin(Spain) of Prima Pramac Racing and Fabio Quartararo ((France) of Monster Energy Yamaha MotoGP finished second and third place respectively.
  • The inaugural edition of the MotoGP India Grand Prix was held from 22nd to 24th September 2023.

Winners of Grand Prix of India 2023:

  • MotoGP is the top division of motorcycle racing, while Moto2 and Moto3 are the lower divisions below MotoGP.
  • MotoGP uses a 1,000cc engine with top speeds of about 360 kmph, Moto2 uses 765cc motorcycles (up to 300 kmph) and Moto3 uses 250cc motorcycles (240 kmph).

ii.India Grand Prix 2023 was the 13th out of 20 races in the MotoGP season of 2023.

  • This marks the biggest motor racing event in India after Formula 1.

 Note: 
Kadai Yaseen Ahmed, India’s only rider participated in MotoGP in Moto3 category.
Winners of Moto2:
Pedro Acosta(Spain) of Red Bull KTM Ajo finished in first place while Tony Arbolino (Italy)of ELF Marc VDS Racing Team and Joe Roberts(United States of America) of Italtrans Racing Team finished second and third place respectively.
Winners of Moto3:
Jaume Masia(Spain) of Leopard Racing finished in the first position while Kaito Toba(Japan) of SIC58 Squadra Corse team and Ayumu Sasaki (Japan) of Liqui Moly Husqvarna Intact GP finished second and third place respectively.
About the circuit:
i.The Buddh International Circuit hosted Formula 1 races from 2011 to 2013.

  • Circuit Length  – 4.96km
  • MotoGP – 21 Laps
  • Total Distance – 105.21 Km / 65.37 Miles

About MotoGP:
MotoGP (International Motorcycling Federation/Fédération Internationale de Motocyclisme (FIM) Road Racing World Championship Grand Prix)has been organised by Dorna Sports since 1991.

  • Fairstreet Sports has signed an agreement with Dorna Sports  to organise the MotoGP round in India for the next seven years, from 2023 to 2029.

About Fairstreet Sports:
Chief Executive Officer – Vaibhav Sinha
Headquarters –  Lucknow, Uttar Pradesh
Established – 2022


Former Italian President Giorgio Napolitano Passed Away
Giorgio Napolitano, Former President of Italy (2006 to 2015) and leader of Italian Communist Party, passed away at the age of 98 in Rome, Italy. He was born in 1925 in Naples, Italy. He was the longest-serving and longest-lived president in the history of the modern Italian Republic(post-second world war democratic era).

  • He joined the Italian Communist Party (PCI) in 1945 and became the 11th president of Italy in 2006 and later re-elected for a 2nd term in 2013 and later stepped down from the post in 2015.
  • He was the first and the only president in Italy to be reelected to the office.
  • In 2005, he was appointed Senator for Life in Italy’s Senate by then president Carlo Azeglio Ciampi.

World Rivers Day 2023 – September 24World Rivers Day (WRD) is annually observed across the globe on the 4th Sunday of September to promote awareness about the importance of rivers and aims to encourage the improved protection of all rivers around the world.

  • The day also promotes the conservation and sustainable management of these vital natural resources. It is a celebration of the world’s waterways.

World Rivers Day (WRD2023 was observed on 24 September 2023.

  • WRD 2022 was observed on 25 September 2022 and WRD 2024 will be observed on 22 September 2024.

Background:
i.In 2005, the United Nations (UN) launched the “International Decade for Action “Water for Life” 2005-2015″, to help create a greater awareness of the need to better care for water resources.
ii.Following this, WRD was established in response to a proposal initiated by Canada’s internationally renowned river conservationist, Mark Angelo.
iii.That first WRD was observed in 2005 and was celebrated across 12 countries.


World Pharmacists Day 2023 – September 2 World Pharmacists Day(WPD) is annually observed across the globe on 25th September to encourage activities that promote and advocate the role of the pharmacist  in every corner of the world.

  • The day also marks the foundation day of the International Pharmaceutical Federation (FIP– Fédération Internationale Pharmaceutique), global body for pharmacy, pharmaceutical sciences, and pharmaceutical education.

25th September 2023 marks the observance of the 13th World Pharmacists Day.
i.The theme of WPD 2023 is “Pharmacy Strengthening Health Systems.” 
ii.FIP’s message for WPD 2023 is “Let pharmacies do more”.
Background:
i.In 2009, during the Council meeting of the FIP Congress in Istanbul, Turkey(Now Türkiye), the Turkish Pharmacists Association (TPA) proposed the annual celebration of World Pharmacists Day on September 25.
ii.The first-ever World Pharmacist Day was observed on 25th September 2010.
About International Pharmaceutical Federation (FIP):  
President(Acting)- Paul Sinclair (Australia)
Headquarters- The Hague, Netherlands


Antyodaya Diwas Day 2023- September 25

Antyodaya Diwas Day is annually observed across India on 25 September to commemorate the birth anniversary of Pandit Deendayal Upadhyaya, former leader of the political party Bharatiya Jana Sangh (BJS), which was a precursor to the Bharatiya Janata Party (BJP).

  • 25th September 2023 marks the 107th birth anniversary of Pandit Deendayal Upadhyaya.

The term ‘Antyodaya means the “rise and development of the last person in society”, one of the concepts promoted by Deendayal Upadhyaya.

  • The aim of the Antyodaya is to uplift the poor in the society.

Current Affairs – 24 & 25 September 2023

Kisan e-Mitra: Union MoS Kailash Choudhary Launched AI Chatbot for PM-KISAN SchemeKailash Choudhary, Minister of State (MoS) for the Ministry of Agriculture and Farmers Welfare (MoA&FW), launched “Kisan e-Mitra, an AI (Artificial Intelligence) Chatbot for the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme in New Delhi, Delhi.

  • The chatbot will enhance the efficiency and accessibility of the PM-KISAN scheme, providing farmers with rapid, clear, and easily accessible responses to their inquiries.

Points to note:
i.The MoA&FW successfully integrated the AI chatbots into government schemes. This is the first AI Chatbot integrated with a major Union government flagship scheme.
ii.This initiative is in line with the Government of India’s (GoI) vision of leveraging technology for the betterment of farmers’ lives and governance.
About Kisan e-Mitra:
Objective: The introduction of the AI chatbot in the PM-KISAN grievance management system is aimed at empowering farmers with a user-friendly and accessible platform.
Features:
i.The AI Chatbot acts as a comprehensive guide for the beneficiaries, providing them with timely and accurate responses to their queries related to the scheme.
ii.It has been developed and improved with the support of the EKstep Foundation and Bhashini.
iii.In the initial phase, the AI chatbot assists farmers with:

  • Application status queries.
  • Payment details.
  • Ineligibility status.
  • Scheme-related updates.

iv.The AI Chatbot, accessible through the PM KISAN mobile app, is integrated with Bhashini for multilingual support, addressing the linguistic and regional diversity among PM KISAN beneficiaries.

  • Currently, the Chatbot is available in English, Hindi, Bengali, Odia, and Tamil. In a short period, it will be made available in all 22 official languages of India.

Benefits: The AI Chatbot will help in accessing scheme information and resolving grievances.

  • The scope of this service needs to broaden with other related issues like weather information, soil conditions bank payments, and others.

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme:
i.The PM-KISAN is a central sector scheme launched in February 2019 to support the financial needs of land-holding farmers in India (with 100% funding from GoI).
ii.The scheme offers an annual financial benefit of Rs 6,000, in 3 equal installments to eligible farmers’ families through Direct Benefit Transfer (DBT) mode.


Department of Social Justice & Empowerment and All World Gayatri Pariwar signed MoU for NMBA awarenessOn September 22, 2023, a Memorandum of Understanding (MoU) has been inked between the Department of Social Justice & Empowerment under the Ministry of Social Justice and Empowerment (MoSJ&E), and All World Gayatri Pariwar at Dr. Ambedkar International Centre in New Delhi, Delhi for spreading the message of NMBA among the youth, women, students and the community under the banner of All World Gayatri Pariwar.

  • This MoU is a boost towards achieving the objective of drug sensitized India.
  • The MoU was signed in the presence of Union Minister Dr. Virendra Kumar, MoSJ&E, Dr. Chinmay Pandya, All World Gayatri Pariwar, among others.

Key Points:
i.Alcohol is the most frequently used psychoactive substance in India, followed by Cannabis and Opioids, according to the first comprehensive National Survey on Substance Use conducted by the Department of Social Justice & Empowerment through the National Drug Dependence Treatment Centre (NDDTC) at AIIMS (All India Institute of Medical Sciences), New Delhi.
ii.MoSJ&E is actively combating drug demand through the implementation of the National Action Plan for Drug Demand Reduction (NAPDDR).

  • NAPDDR is an umbrella scheme that provides financial assistance to State Governments and Union Territories (UTs) for various initiatives, including Preventive Education and Awareness Generation, Capacity Building, Skill Development, Vocational Training, and support for the livelihood of former drug addicts.

About Nasha Mukt Bharat Abhiyaan (NMBA):
In August 2020, MoSJ&E has formulated and launched NMBA in 272 Districts across 32 State/Union Territories identified as most vulnerable in terms of usage of drugs. Its aim is to create awareness about ill effects of substance abuse among the youth, with special focus on higher education institutes, university campuses, schools, among others.
About All World Gayatri Pariwar
Head/Mentor– Dr. Pranav Pandya
Headquarters– Haridwar, Uttarakhand


SIMBEX 2023: Indian Navy Conducts Maritime Exercise with Singapore at South China SeaThe Indian Navy (IN) and the Republic of Singapore Navy (RSN) participate in the 30th edition of the Singapore-India Maritime Bilateral Exercise (SIMBEX 2023), a joint naval combat exercise, from 21st to 28th September 2023 in the southern parts of the South China Sea off the coast of Singapore.
Two Phases:
SIMBEX 2023 is conducted in two phases including the land phase and the sea phase.
Land Phase:

  • The land phase will include table-top activities and planning meetings.
  • It is held from 21st to 24th September 2023 at RSS Singapura – Changi Naval Base, Singapore.

Sea Phase:

  • The sea phase will see the navies engage in various naval drills, including anti-submarine warfare and live weapon firing.
  • It is held from 25th to 28th September 2023 in the southern reaches of the South China Sea in international waters.
  • The Harbour Phase will witness a wide range of professional interactions, cross-deck visits, Subject Matter Expert Exchanges (SMEE) and sports fixtures, aimed at enhancing interoperability and mutual understanding between the two navies.

Participants: 
i.Indian Navy’s Rajput-class destroyer INS Ranvijay, Kamorta-class corvette INS Kavaratti, Sindhughosh class diesel-electric submarine INS Sindhukesari and a P-8I maritime patrol aircraft are taking part in this exercise.
ii.The Republic of Singapore Navy’s two Formidable-class frigates Republic of Singapore Ship (RSSStalwart and RSS Tenacious, an S-70B naval helicopter, and the Victory-class missile corvette RSS Valour are taking part in this exercise.

  • The Republic of Singapore Air Force (RSAF) is also participating in the exercise with a Fokker-50 maritime patrol aircraft and four F-15SG fighter aircraft.

Higlights:
During the opening ceremony, RSN’s Fleet Commander Colonel (COL) Kwan Hon Chuong and India’s Eastern Naval Command Flag Officer Commanding-in-Chief Vice Admiral Rajesh Pendharkar unveiled the commemorative logo of its 30th edition of the bilateral exercise.
Note:

  • SIMBEX, first held in 1994, is the longest continuous naval exercise that India has had with any other country.
  • Indian Navy hosted the 29th edition of SIMBEX in October 2022 at Visakhapatnam, Andhra Pradesh(AP), India.

Highlights of SIMBEX 2023:
i.The Indian Navy and the Republic of Singapore Navy will also sign a submarine rescue joint standard operating procedures (JSOP) agreement.
ii.During the shore phase, sailors from both navies will conduct joint planning, professional exchanges, and sporting activities.
iii.During the sea phase, both fleets will perform a series of naval serials in the air, surface, and underwater domains, including gunnery firing, air defence, anti-submarine, communication, and navigation exercises.

  • The exercise will be concluded with a sail-past of participating ships.

UPNEDA and SIDBI Signed MoU to Promote Green Projects A Memorandum of Understanding (MoU) has been inked between the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), and Small Industries Development Bank of India (SIDBI) for solarization of residential units at Ayodhya, Uttar Pradesh (UP) and for bio-energy and renewable project financing.

  • The agreement was inked during an event organised in the SIDBI’s Lucknow Office in UP.
  • This MoU will help in promoting solar energy, and encourage innovations for environment friendly projects.

It should be noted that the State Government of UP has nominated Ayodhya to be developed as a Solar City.
Key Points:
i.During the event, emphasis were laid on creating awareness about digital and latest initiatives being undertaken by SIDBI through ‘Promotional campaign for Financing Solar/ Green Projects’ for Micro, Small & Medium Enterprises (MSME) sector.
ii.It should be noted that the Central Government is installing solar rooftop panels in 2500 MSMEs, and also targets 30% electrification of vehicles by the year 2030, under the EV30@30 mission.

  • SIDBI is supporting both missions of the Government.

iii.Through this event, information was shared among MSMEs regarding the solar and green projects and direct financing products being offered by SIDBI.
About Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA):
It is an autonomous institution functioning as nodal agency for implementation of various schemes in the state.
Director– Anupam Shukla
Headquarters– Raebareli, Uttar Pradesh
Establishment– 1983
About Small Industries Development Bank of India (SIDBI):
It was established under an Act of Parliament in 1990.
Chairman & Managing Director– Sivasubramanian Ramann
Headquarters– Lucknow, Uttar Pradesh

Axis Bank launches ‘NEO for Business’ for MSMEs On September 21, 2023, Axis Bank launched ‘NEO for Business’, a distinctive one-stop Transaction Banking platform for Indian Micro, Small, and Medium Enterprises (MSMEs). This is a first-of-its-kind comprehensive digital proposition that supports real, current, and emerging Transaction Banking needs of MSMEs.

  • It has contemporary UX (User Experience)/UI (User Interface) along with bank-grade security features.
  • “NEO for Business” is the latest launch as part of “NEO by Axis Bank” branding.  NEO by Axis Bank is the digital banking proposition for its corporate banking customers/clients.

About NEO for Business:
i.It offers a wide array of Banking and Beyond Banking features such as: Digital self on-boarding, Bulk Payments, GST Compliant Invoicing, Payment Gateway integration, 360° Customer View, End to End Transaction Tracking, Auto Reconciliation, Recurring Collections, Cash Flow Reports, among others.
ii.These features make banking easier for MSMEs, allowing them to do transactions without going to a bank branch.
iii.Axis Bank’s existing Current Account holders can access NEO for Business on mobile through an app or web registration. Initially, it serves sole proprietors and individuals in the MSME sector, with plans to expand to companies, partnerships, and LLPs (Limited Liability Partnership).
About Axis Bank:
Managing Director (MD) & Chief Executive Officer (CEO) – Amitabh Chaudhry
Headquarters – Mumbai, Maharashtra
Established in – 1993 (begun operations in 1994)
Tagline – Badhti ka Naam Zindagi


Utkarsh Small Finance Bank Launched Interoperable Cardless Cash Withdrawal (ICCW) Using UPI on ATMsUtkarsh Small Finance Bank Limited (USFBL) launched Interoperable Cardless Cash Withdrawal (ICCW)  service with an aim to allow Unified Payment Interface (UPI) enabled cardless cash withdrawal from Utkarsh Small Finance Bank Automated Teller Machine (ATM).

  • This is in line with notification ‘ICCW at ATMs’ released by  Reserve Bank of India(RBI) in 2022 under Section 10(2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007).
  • ICCW is also known as UPI-ATM; It enables withdrawal through Quick Response(QR) code.

About ICCW:
i.Card-less cash withdrawal through ATMs is a permitted mode of transaction offered by a few banks in India on an on-us and Off-us  basis.
ii.UPI users can withdraw cash from any participating banks’ ATMs (enabled for UPI-ATM) via UPI mobile application instead of using a physical card.
iii.By scanning single-use dynamic QR code displayed on the ATM screen and authorising the transaction with UPI PIN, a customer can withdraw money from an ATM.
iv.As far as transaction Limits is concerned, customers can enjoy up to two ICCW transactions per day per account, with a withdrawal limit of Rs. 10,000/- per transaction.
Key Features of ICCW:
i.ICCW allows customers to withdraw cash from any ATM, regardless of which bank they use. This is especially convenient for people who have multiple bank accounts.
ii.Since the whole transaction is cardless, the card-related frauds like skimming, cloning etc can be reduced.
iii.The process is considered to be more secured as it uses dynamic QR code for each transaction.
iv.Customers need not carry multiple credit/debit cards.
v.It will be useful for customers who have completed KYC (Know Your Customer) but have not yet received a physical card.
vi.ICCW allows Cash withdrawal  from Multiple UPI-Linked Accounts along with streamlined interaction with ATM Machines.
About Utkarsh Small Finance Bank Limited (USFBL):
Managing Director & Chief Executive Officer(CEO) – Govind Singh
Headquarters – Varanasi, Uttar Pradesh
Incorporated  in – 2016


Highlights of Raj Bhasha Kirti Puraskar 2022-23

The Rajbhasha Kirti Puraskar 2022-23 ,the most prestigious award offered by the Indian government for “achievements in implementing the official language” was presented at the Hindi Diwas Samaroh 2023.This prestigious award ceremony was part of the 3rd  All-India Official Language Conference (Akhil Bharatiya Rajbhasha Sammelan) took place at Shree Shiv Chhatrapati Sports Complex in Balewadi, Pune, Maharashtra, from September 14-15.

Organized and Presented Annually by: Department of Official Language, Ministry of Home Affairs, Government of India.
Key points:

  • Department of Pension & Pensioners’ Welfare Receives First Prestigious Raj Bhasha Kirti Puraskar, 2022-23.
  • Power Finance Corporation (PFC) received the prestigious ‘Rajbhasha Kirti Puraskar’ in the ‘A’ category for the year 2022-23. PFC secured the third position in this category.
  • Banking Institutions such as Punjab National Bank,Bank of Baroda,Indian Overseas Bank (IOB) ,Central Bank of India, UCO Bank and Bank of Maharashtra have been recognised in different categories.

India set to Host 17th International Congress on the Chemistry of Cement in 2027 in New Delhi
India won the bid to host the 17th International Congress on the Chemistry of Cement (ICCC) in 2027 in New Delhi, Delhi. The decision was announced during the ongoing 16th ICCC (2023) in Bangkok, Thailand held from 18 to 22 September 2023.
Besides India, other bidders were from Switzerland and the United Arab Emirates (UAE).

  • India’s bid was made by National Council for Cement and Building Materials (NCCBM / NCB) and Indian Institute of Technology (IIT) Delhi. The bid was presented by Dr L P Singh, Director General, NCCBM; Dr S K Chaturvedi, Joint Director, NCB and Dr Shashank Bishnoi, Professor (Civil Engg.), IIT Delhi.
  • The 17th ICCC will offer India a unique opportunity to bring together global leaders, experts, and innovators in the cement sector. India previously hosted the 9th Congress in 1992.
  • The event highlights India’s research and academic expertise in the cement and concrete sector and as the host city New Delhi will showcase its vibrancy with world-class conference facilities, including Bharat Mandapam and Yashobhoomi to the global industry.

About ICCC: The ICCC is regarded as the largest and most prestigious event in the area of Cement and Concrete. These congresses have been held approximately every 4 to 6 years since 1918, serving as a crucial bridge between academia and the cement industry.
Note:

  • NCB, then Cement Research Institute of India (CRI) was founded on 24 December 1962. It is the premier body under the administrative control of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry.
  • India’s cement industry, the second-largest in the world, has a low carbon-di-oxide (CO2) footprint and is energy efficient.

Rajya Sabha Chairman Appoints Four New Women Vice-Chairpersons; Panel to Discuss Women’s Reservation BillThe Vice President of India, ex-officio Chairman of Rajya Sabha Jagdeep Dhankhar has reconstituted the panel of vice-chairpersons with the eight member panel with 50 percent(4 members) of women parliamentarians with effect from 13th September 2023.

  • For the first time in the history of Rajya Sabha (the Upper House of the Indian Parliament) has given equal representation to women members in the panel.The four new women Vice-Chairpersons are: Kanta Kardam(Uttar Pradesh), Sumitra Balmik(Madhya Pradesh),  Mamata Mohanta (Odisha) and Geeta alias Chandraprabha(Uttar Pradesh).

13 Women Vice-chairpersons Panel for a Day to Discuss Women’s Reservation Bill

The Vice President of India, ex-officio Chairman of Rajya Sabha Jagdeep Dhankhar has constituted 13 women Parliamentarians to the panel of vice-chairpersons.The panel was reconstituted for a day to discuss the Women’s reservation Bill or Nari Shakti Vandan Adhiniyam 2023.

  • The panel of vice-chairpersons was constituted for a day specifically to discuss the Women’s Reservation Bill in 2023. This suggests that the panel was formed temporarily to address this particular legislative matter or session to discuss the bill.

Indian-origin Nihar Malaviya Assumes Permanent CEO of Penguin Random House
Nihar Malaviya, an Indian-origin American publishing executive, has been named permanent Chief Executive Officer (CEO) of Penguin Random House, the New York (United States of America, USA)-based international publishing group.

  • Nihar Malaviya has been serving as the interim CEO for 9 months since January 1, 2023.
  • Since his appointment as interim CEO, he has been a member of Bertelsmann’s (the parent company of Penguin Random House) Group Management Committee (GMC).
  • He will succeed Markus Dohlewho left the position following Penguin Random House’s unsuccessful attempt to acquire Simon & Schuster in 2022.
  • Prior to his appointment as interim CEO, he served as President and Chief Operating Officer (COO) of Penguin Random House, USA since 2014.
  • He started his career at Bertelsmann in 2001 as a participant in the Bertelsmann Entrepreneurs Programme. In 2003, he moved within the group, joining Random House, where he excelled in various leadership roles.
  • He also serves on the board of directors of the Association of American Publishers (AAP) and Yale University Press in the USA. He is a two-time recipient of the Bertelsmann Entrepreneur Award for Strategy Execution.

Note: Penguin Random House, the world’s largest trade book publisher, has been undergoing company-wide reorganization since 2023.


Vivek Bhasin Appointed as 14th Director of BARC
On 15th September 2023, Vivek Bhasin took charge as the 14th Director of Bhabha Atomic Research Centre (BARC), India’s premier nuclear research facility, headquartered in Mumbai, Maharashtra. Prior to this appointment, Vivek was serving as the director of the Nuclear Fuels Group(NFG) of the BARC.

  • He succeds Ajit Kumar Mohanty who was appointed as the Secretary to  Department of Atomic Energy(DAE) under the Prime Minister’s Office(PMO) and Chairman of Atomic Energy Commission in May 2023.
  • Vivek Bhasin joined the Reactor Engineering Division of BARC in 1988. He  is known for his contribution towards  APSARA-U Reactor (operational in BARC) and Fast Breeder Test Reactor (FBTR)(Operational  in Kalpakkam Nuclear Power Plant, Tamil Nadu)

BARC was founded by Homi Jehangir Bhabha in the name Atomic Energy Establishment, Trombay (AEET) in 1954. AEET was renamed BARC in 1966.


Delhi LG VK Saxena launches Vigilance Complaint Information Management System Portal
The Lieutenant Governor of Delhi, Vinai Kumar (VK) Saxena launches first of its kind Vigilance Complaint Information Management System (VCIMS) portal enabling people to file graft complaints against government employees at anytime from anywhere.

  • Complaints can be related to the vigilance/corruption/demand of bribe.
  • With transparency and secrecy, this portal will monitor complaints and initiate speedy action.
  • This portal requires only one time registration.

Key Points:
i.To ensure that only genuine complaints are filed on the portal, it is mandated for the complainants to submit an e-undertaking so that he/she can be prosecuted under section 182 of IPC ( Indian Penal Code) for giving false information to public servants.
ii.Complaints against corruption received in physical form will not be accepted.
iii.This tool will aid in achieving the goal of zero tolerance to corruption.


Batillipes kalami: New Marine Tardigrade Species Found in TN, Named after Former President A.P.J. Abdul KalamResearchers from the Department of Marine Biology of the Cochin University of Science and Technology (Cusat) in Cochin, Kerala, have identified a new species of a marine tardigrade, “Batillipes kalami” from intertidal beach sediments of the Mandapam coast in Ramanathapuram (southeast) Tamil Nadu (TN).

  • The new species is named after Late Dr. A.P.J. Abdul Kalam, the 11th President of India (2002-2007) and an aerospace scientist, since the discovery was made close to his native place Rameswaram (TN).
  • The research findings have been published in the 18 September 2023 issue of the scientific journal, Zootaxa .

Genus and Species:
i.The new Species ‘Batillipes kalami‘ of the marine tardigrade belongs to the Genus Batillipes. It is the 37th species of the genus Batillipes.
ii.Batillipes kalami is the 2nd marine tardigrade to be discovered in Indian waters and the first one from the east coast.

  • “Stygarctus keralensis”, the 1st marine tardigrade species from India was discovered from Vadakara(West Coast) in Kerala in 2021.

iii.It is also the first taxonomically described species belonging to the genus Batillipes from India.
Tardigrades:
i.Marine Tardigrades, often referred to as water bears, are eight-legged micro-animals found in the water. They are extremely tiny animals whose size is measured in micrometers.
ii.They are considered to be one of the toughest organisms on earth, having survived all five mass extinctions, and are also the first known animals to survive in space.

  • Tardigrades are semi-aquatic. They can survive in watery as well as terrestrial environments.

Researcher Team:
Vishnudattan N.K. (research scholar) and S. Bijoy Nandan (Professor) from the Dept. of Marine Biology, Microbiology, and Biochemistry at Cusat; and Marcus Rubal from the Centre of Molecular and Environmental Biology at the University of Minho, Portugal.
Features:
i.B. kalami measures an average of 170 micrometers (0.17 mm) in length and around 50 micrometers (0.05 mm) in width. The females are slightly bigger compared to the males.
ii.It is characterised by 4 pairs of legs, which possess sensory spines of varying lengths.
iii.It has a trapezoid-shaped head with sharp-tipped filament-like appendages (cirri) extending from it.
iv.It belongs to the phylum Tardigrada, which comprises more than 1,300 described species. Of them, just 17% are marine species.
v.It can be differentiated from all its congeners by:

  • The presence of unconstricted primary clavae;
  • 2 pairs of lateral body projections between leg II and leg III;
  • Long and blunt-ended lateral body projections between leg III and leg IV;
  • The shape of leg IV sensory organs and the presence of dorsal indentations in its head.

Padma Bhushan Awardee & Bharatanatyam Dancer Saroja Vaidyanathan Passed Away Bharatanatyam Dancer and Padma Bhushan Awardee Saroja Vaidyanathan passed away at the age of 86 due to lymphoma diseases in Delhi.
About Saroja Vaidyanathan:
i.Saroja Vaidyanathan was born on 19 September 1937 in Bellary, Karnataka, and grew up in Chennai, Tamil Nadu.

  • She was married to Vaidyanathan, an IAS officer from the Bihar cadre.

ii.She established “Ganesha Natyalaya” in Delhi, where she teaches Bharatanatyam, Tamil, Hindi, and Carnatic music.
iii.She served as the president of “Sanskar Bharathi”, a pan-Indian organisation working in the fields of art and literature, for the Delhi Chapter since 2021.
Awards:
i.Saroja Vaidyanathan was conferred with the Padma Shri in 2002 and the Padma Bhushan in 2013 in the Arts category.

  • She received the Sangeet Natak Akademi Award in 2008 and the Sangeet Natak Akademi fellowships (Akademi Ratna) award in 2023.

ii.She is also the recipient of Delhi’s government Sahitya Kala Parishad Samman(1991), Tamil Nadu’s government Kalaimamani title(1999),and the title of Bharata Kalai Sudar, from the Pollachi Tamil Isai Sangam.

  • She was also the recipient of Kalidas Samman(2009-10) of the Government of Madhya Pradesh.

Books Written:
Saroja Vaidyanathan has authored a number of books on Bharatanatyam and Carnatic music, including ‘The Classical Dances of India’, ‘Bharatanatyam – An In-Depth Study’, ‘Carnataka Sangeetham’, and ‘The Science of Bharatanatyam’.


Sonal Goel IAS Unveils Her Book “Nation Calling” for IAS aspirants
Union Minister Kiren Rijiju, Ministry of Earth Sciences has launched a book ‘Nation Calling – Holistic Approach for Union Public Service Commission (UPSC) Civil Services Examination’ authored by IAS officer Sonal Goel Resident Commissioner of  Tripura Bhawan in New Delhi, Delhi.

  • The book was published by UPSC Guide.
  • The book was launched at the Constitution Club of India in New Delhi, Delhi.
  • The book summarises Sonal Goel’s 15 year experience as an IAS officer which inspires young people to become a bureaucrat.

About Sonal Goel:
Sonal Goel, hailing from Panipat, Haryana, is a 2008 batch IAS officer of Tripura Cadre. She joined the Haryana cadre in July 2016 and served as Commissioner of Municipal Corporation of Faridabad(Haryana) & Chief Executive Officer (CEO) of  Smart City Faridabad and Deputy Commissioner district Jhajjar(Haryana).

International Day of Sign Languages 2023- September 23 The United Nations (UNInternational Day of Sign Languages (IDSL) is annually observed across the globe on 23 September to support and protect the linguistic identity and cultural diversity of all deaf people and other sign language users.

  • The day also aims to raise awareness of the importance of sign language in the full realisation of the human rights of people who are deaf.

Current Affairs – 23 September 2023

Rashtriya Vigyan Puraskar: Govt Introduced New Set of National Awards in the Field of Science, Tech & Innovation
The Government of India(GoI) introduced Rashtriya Vigyan Puraskar (RVP), a new set of National Awards in the field of Science, Technology and Innovation.

  • The objective of the award is to recognize the notable and inspiring contribution made by scientists, technologists, and innovators individually or in teams in various fields of science, technology and innovation.
  • RVP is set to be given in four distinct categories: Vigyan Ratna (VR) award; Vigyan Shri (VS) award; Vigyan Yuva-Shanti Swarup Bhatnagar (VYSSB) award and Vigyan Team (VT) award

About Ministry of Science and Technology:
Ministers of State (independent Charges) – Dr. Jitendra Singh (Constituency – Udhampur, Jammu and Kashmir)


WHO Report: India’s Ultra Food-Processing Sector grew at 13.37% CAGR  from 2011-2021i.According to the  World Health Organization (WHO)’s report titled “Growth of ultra-processed foods in India- An analysis of trends, issues and policy recommendations”,  India’s Ultra-Processed Food Sector grew at a Compound Annual Growth Rate (CAGR) of 13.37 % in retail sales value from 2011 to 2021.
ii.This report has been developed by the WHO Country Office for India in collaboration with the Indian Council for Research on International Economic Relations (ICRIER).
iii.As per the British Heart Foundation, Ultra-processed foods are items with long shelf lives that usually contain five or more ingredients, including preservatives, emulsifiers, sweeteners, and artificial colors and flavors.
About World Health Organization (WHO):
Director-General– Dr Tedros Adhanom Ghebreyesus
Headquarters– Geneva, Switzerland
Establishment– 1948


INS ‘Nireekshak‘ Successfully Conducts Vital Mixed Gas Diving Training Sessions As Part Of IN-SLN Divex 23Indian Naval Ship (INS) Nireekshak(A-15), the Diving Support and Submarine Rescue Vessel (DSRV) of the Indian Navy successfully conducted vital Mixed Gas Diving training sessions.

  • This is a part of eight-day diving training deployment exercise(14-21st September 2023) IN-SLN Divex 23 between India and Sri Lanka.
  • This is aligned with India’s ‘Neighborhood First‘ policy for capacity building in neighbouring nations.

Mixed Gas Diving:
Mixed gas diving involves the use of breathing gases other than the standard air mixture of approximately 21% oxygen and 79% nitrogen.

  • The purpose of using mixed gases in diving is to extend dive times, increase safety, and allow divers to explore deeper underwater environments.

Other Activities Carried Out:
The diving teams of both the Navies participated in diving exercises towards enhancing interoperability, cohesiveness and exchange of Best Practices.
About INS Nireekshak:
i.The ship is equipped with state-of-the-art diving systems and is capable of undertaking Saturation and Submarine rescue dives.

  • INS Nireekshak is well-equipped with two six-man recompression chambers and a three-man diving bell.

ii.It is fitted with a Dynamic Positioning System (DPS)  to maintain precise position during Submarine Rescue/ Diving and Salvage operations.
iii.The ship was built by Mazgaon Shipbuilders in 1985 &  has been in service with the Navy since 1989.

  • It was re-commissioned in 1995(after the modifications).

iv.INS Nireekshak holds the record for the deepest dive (to a depth of 257 metres) carried out in India.
v.The Chief of the Naval Staff Admiral R Harikumar awarded the ship an ‘on the spot’ Unit Citation, a first in the Indian Navy.
ICG Pollution-Control Vessel ‘Samudra Prahari’ Carries Out Pollution Response Table-Top Exercise in Bangkok
Indian Coast Guard (ICG) Pollution-Control Vessel(PCV) Samudra Prahari’ carried out a Pollution Response Table-Top exercise and demonstration at Khlong Toei Port in Bangkok, Thailand.

  • The exercise is part of events held during the four day visit(17-20th September 2023) of the vessel to Bangkok.
  • The exercise devised and tested Thailand’s Maritime Pollution Response contingency plan in collaboration with the ICG.
  • The exercise fostered knowledge sharing and an interactive environment among the services, to cooperate during real-life oil pollution scenarios.

Other Events:
The beach cleaning activity  was carried out as a part of the Puneet Sagar Abhiyan.

  • It a nationwide flagship campaign of National Cadet Corps (NCC) to clean sea shores of plastic & other waste material, while raising awareness about the importance of cleanliness.

About Samudra Prahari:
i.The Indian Coast Guard Ship Samudra Prahari has embarked on an overseas deployment to Association of Southeast Asian Nations (ASEAN) countries from 11th September 2023 to 14th October, 2023.
ii.The Samudra-class Pollution Control Vessel is a class of three vessels built by the ABG Shipyard Limited in Gujarat for ICG.

  • The ship was commissioned in 2010.

iii.The vessel is outfitted with advanced pollution control gear, including containment tools like Hi-Sprint Booms and river booms to contain oil spills recovery devices.
iv.The ship is also equipped with a Chetak Helicopter in Pollution Response configuration.


India Global Forum and World Governments Summit Launch Emerging Economies ProgramOn September 20, 2023, London, United Kingdom (UK)-based India Global Forum (IGF) and World Governments Summit (WGS) have signed a Memorandum of Understanding (MoU) to develop an Emerging Economies Programme.

  • This partnership will also allow the IGF to join WGS’s knowledge partners around the Globe.
  • It will also foster international cooperation and sharing best practices.

Signatories:
It was signed by the Manoj Ladwa, Founder and Chairman of IGF and Mohamed al Sharhan, Managing Director(MD) of WGS, in the presence of Omar Sultan Al Olama, United Arab Emirates (UAE)’s Minister of State for Artificial Intelligence(AI) and Digital Economy and Remote Work Applications, Vice-Chair of the WGS Organization.
About Emerging Economies Programme:
i.High-level discussions: The initiative will facilitate discussions on sustainable economic growth, geo-economic perspectives, and innovative solutions, involving government officials, business leaders, economists, and experts.
ii.Global South development: It aims to promote sustainable economic growth and development in the Global South.

  • Research will be conducted on emerging trends, challenges, and opportunities in the Global South, progressively enhancing regional data for future governments.

iii.The initiative seeks to integrate global efforts, keeping pace with new trends and enabling effective responses to evolving challenges.
About World Governments Summit (WGS) Organization:
It is a global, neutral, non-profit organization dedicated to shaping the future of governments.
Chairman– Mohammad Abdullah Al Gergawi
Headquarters– Dubai, United Arab Emirates (UAE)
Establishment– 2013


Meta Launches UPI Payments For WhatsApp Business Messaging in India
Meta(formerly known as Facebook) Chief Executive Officer(CEO) Mark Zuckerberg announced the launch of Unified Payment Interface (UPI) payments for WhatsApp Business in India. This allows customers to pay businesses directly on the Whatsapp Chat application using their preferred UPI option.

  • The announcement was virtually in the Meta Conversations event focusing on WhatsApp Business, held at the Jio World Convention Centre in Mumbai, Maharashtra.
  • The accepted payment methods include Pay on WhatsApp, credit/debit cards, netbanking, Google Pay, PhonePe, Paytm and more UPI options.
  • The initial payment partners are RazorPay and PayU.

WhatsApp’s payments solution was released in Singapore(May 2023) and Brazil(April 2023).


SJVN & PFC Signed MoU for RE & Thermal Projects Worth Rs 1.18 Lakh Crores
SJVN Ltd (formerly known as Satluj Jal Vidyut Nigam Limited), have signed a Memorandum of Understanding (MoU) with Power Finance Corporation Ltd (PFC), India’s leading Non-Banking Financial Corporation (NBFC), to finance renewable and thermal energy Projects worth Rs. 1,18,826 crore.

  • The project includes renewable energy(RE) ventures (Solar, Hydro and Pumped Storage) with a total capacity of around 12178 Megawatt(MW) along with 660 MW Thermal generation project.
  • PFC will fund around 67-76% of the project tentatively. The proposed fun in the form of term loan will range from  Rs 80000 crore to Rs 90000 crore. The funds may be further increased to accommodate the specific requirements of the RE projects as per project requirements.
  • The MoU was signed by Manoj Sharma, Director (Commercial), PFC, and Akhileshwar Singh, Director (Finance), SJVN.

i.SJVN Ltd is a Mini Ratna Schedule A Central Public Sector Enterprise (CPSE) under the Ministry of Power. It is involved in hydroelectric power generation and transmissionin.

  • SJVN, established in 1988 is a joint venture (JV) between the Government of India (GOI) and Government of Himachal Pradesh.

ii.PFC Ltd is a Maharatna CPSE incorporated on July 16th, 1986, under the Ministry of Power.


NMC India Gets World Federation for Medical Education Recognition Status for 10 YearsThe National Medical Commission (NMC) of India has been awarded the Recognition Status by the World Federation for Medical Education (WFME) for a period of 10 years with immediate effect.

  • As part of this recognition, all the 706 existing medical colleges in India will become WFME accredited and the new medical colleges, set up in the coming 10 years will automatically become WFME accredited.

Note: The WFME programme of Recognition of Accrediting Agencies was established following the 2005.
Significance of WFME Recognition Status:
This will enhance the quality and standards of medical education in India and align Indian medical education with global best practices and benchmarks.
This status will boost the international standing and reputation of Indian medical schools and healthcare professionals.
This will facilitate academic collaborations, and exchanges, and encourage continuous improvements and innovations in medical education.
Benefits:
This recognition allows Indian medical graduates to pursue postgraduate (PG) training and practice medicine in countries that require WFME accreditation including the United States of America (USA), Canada, Australia, and New Zealand.
This will make India as an attractive destination for international students due to its globally recognized standards.
With NMC being WFME accredited all Indian students become eligible to apply for the Education Commission on Foreign Medical Graduates (ECFMG) and United States Medical Licensing Examination (USMLE).
WFME Recognition Programme:
i.The WFME Recognition Programme follows the same principles as a medical school accreditation system: evaluation of documentation, policies and procedures; a site visit; and a decision taken by an independent committee with reference to pre-defined criteria.
ii.This aims to raise the standards of medical education worldwide, through ensuring that national and regional accrediting agencies are acting in an appropriate, robust and transparent way.
About Education Commission on Foreign Medical Graduates (ECFMG):
i.Established in 1956, ECFMG is a world leader in promoting quality health care and the primary body responsible for overseeing policies and regulations related to licensing International Medical Graduates (IMGs).
ii.ECFMG Certification is a requirement for IMGs to take the USMLE and obtain an unrestricted license to practice medicine in the USA.
About National Medical Commission (NMC):
Chairman– Dr. Suresh Chandra Sharma
Headquarters– New Delhi, Delhi
NMC has been constituted by an act of Parliament known as the National Medical Commission Act, 2019 which came into force on September 25, 2020.
About World Federation for Medical Education (WFME):
President– Professor Ricardo León-Bórquez
Registered office–  Worcester, England (United Kingdom) and Ferney-Voltaire, France
WFME is the Non-Governmental Organisation (NGO) in official relation with the World Health Organization(WHO) representing medical education and medical schools worldwide.
WFME was founded in 1972 by the World Medical Association (WMA) and the World Health Organization (WHO).


CCI Approvals on September 20, 2023On September 20, 2023, the Competition Commission of India (CCI) has approved the following proposals:

  • CCI approves acquisition of additional unit holding in Highways Infrastructure Trust by 2452991 Ontario Limited and acquisition of equity stake in Highway ConcessionsOne Private Limited (HC One) by 2743298 Ontario Limited
  • CCI approves certain shareholding in TVS Credit Services Limited by PI Opportunities along with certain Individuals
  • CCI approves acquisition of approximately 24.16% of total equity shareholding in Quality Care India Limited by Centella Mauritius Holdings Limited
  • CCI approves acquisition of 72.49% stake (approx.) in Quality Care India by BCP Asia II

About Competition Commission of India (CCI)
CCI is a statutory body within the Ministry of Corporate Affairs
It is responsible for enforcing the Competition Act, 2002
Chairperson – Ravneet Kaur
Headquarters – New Delhi, Delhi
Established – 2009


HDFC AMC Gets RBI Approval to Acquire Upto 9.5% Stake in KVB, DCB BankHDFC Asset Management Company Limited(HDFC AMC) received approval from the Reserve Bank of India (RBI) to acquire additional holdings of up to 9.5% of the paid-up share capital or voting rights of Karur Vysya Bank Limited(KVB) and DCB Bank Limited.

  • The approval has been granted with reference to the application made by HDFC AMC to RBI.
  • The holding of HDFC AMC in both the banks should not exceed (individually) 9.5 % of the paid-up share capital or voting rights of the Bank at all times.

Conditions in acquisition of KVB:
RBI instructed HDFC AMC not to reduce the shareholding below 5% without prior approval from RBI.

  • If the aggregate holding falls below 5%, prior approval of RBI will be required to increase it to 5% or more of the paid-up share capital or voting rights of the Bank.

Conditions in acquisition of DCB Bank:
The RBI has given HDFC AMC one year time to buy the shares of DCB Bank.

  • If HDFC AMC does not buy the shares within one year, the RBI’s approval will be cancelled.

Compliance:
The approval granted by RBI is subject to compliance with

  • Relevant provisions of the Banking Regulation Act, 1949
  • RBI’s master direction and guidelines on the acquisition and holding of shares or voting rights in banking companies dated January 16, 2023
  • Provisions of the Foreign Exchange Management Act, 1999
  • Regulations issued by the Securities and Exchange Board of India (SEBI)

About Karur Vysya Bank Limited:
Managing Director(MD) & Chief Executive Officer(CEO) – B. Ramesh Babu
Headquarters – Karur, Tamil Nadu
Established in – 1916
Tagline – Smart Way to Bank
About DCB Bank Limited:
Managing Director(MD) & Chief Executive Officer(CEO) – Murali M. Natrajan
Headquarters – Mumbai, Maharashtra
Established in – 1930
Tagline – We Value You
About HDFC Asset Management Company(AMC) Limited :
HDFC AMC was established in 2000 and firm registered with Securities and Exchange Board of India (SEBI).
Joint Venture Formation: In 2001, a strategic joint venture was established between HDFC Limited and abrdn Investment Management Limited (formerly Standard Life Investments Limited).
Managing Director(MD) & Chief Executive Officer(CEO) – Navneet Munot
Headquarters – Mumbai, Maharashtra


Agri Secretary Manoj Ahuja Launches Mobile App & Web Portal for GCES to Revolutionize Farming PracticesOn September 21, 2023, Manoj Ahuja, Secretary, Department of Agriculture and Farmers Welfare (DA&FW) under the Ministry of Agriculture and Farmers Welfare (MoAFW) launched the mobile application and the web portal for General Crop Estimation Survey (GCES) to transform agricultural practices across India.

  • This development has been made to enhance the reach, scope, and outcome of government actions in the course of development.
  • The piloting of the app and portal is planned in 12 States and will be rollout by 3rd week of October 2023.
  • All states are urged to adopt GCES portal and application to ensure creditability.

Developer:
The portal and the mobile application of GCES has been developed by the DA&FW.
Key Points:
i.With this launch, GCES will become automatic as field data will be collected using GPS (Global Positioning System) enabled mobile application and will be stored in the server which ensures on time reporting of crop statistics.

  • Till date data collection, compilation and yield estimation is fully manual process which cause delay in reporting by states.

ii.GPS-enabled devices offer precise latitude and longitude coordinates, ensuring data integrity and eliminating manipulation in location-based data collection
iii.The portal and app store detailed yield data by village, including crop experiment information and harvest weights.

  • Agencies involved in conducting Crop Cutting Experiments (CCEs) in different states are Revenue Department, Agriculture Department and Directorate of Economics &Statistics.

iv.The app’s geo-referencing feature ensures data accuracy and transparency by mapping plot boundaries and uploading photos.


Hindustani Classical Vocalist Malini Rajurkar Passed Away
Malini Rajurkar, a noted Hindustani classical vocalist and one of the foremost exponents of Gwalior Gharana passed away at the age of 82 in Hyderabad, Telangana. She was born in 1941 in Ajmer, Rajasthan.

  • She has received several awards, including the prestigious Sangeet Natak Akademi award in 2001 for her contribution to Hindustani vocal music.
  • She has performed in major music festivals in India, including Gunidas Sammelan (Mumbai), Tansen Samaroh (Gwalior, Madhya Pradesh), Sawai Gandharva Festival (Pune, Maharashtra), and Shankar Lal Festival (Delhi).
  • Her collaboration with Pune-based Alurkar Music House resulted in numerous noted albums like “Birj Yuvati Sang Racho Rang Raas” in Raga ‘Maru Bihag’ that describes the traditional “Raas Leela”.
  • In the 1990s, she immortalised the traditional slow-tempo composition “Peer Na Jaani”, in Raga ‘Malkauns’.

ECI releases Comic Books to Create Awareness About Elections Among Children
The Election Commission of India (ECI) under Systematic Voters’ Education and Electoral Participation(SVEEP) program released a  comic book  ‘Chacha Chaudhary aur Chunavi Dangal to spread awareness about elections, voting and the electoral process to children. The comic features 10 shot stories on electoral aspects.

  • The comics book is a joint initiative of ECI & Pran Comics.
  • The book uses the comic characters such as Chacha Chaudhary, Sabu, Raaka, Dhamaka Singh and Billoo.
  • ECI will distribute 30,000 copies for free among children.The copies of the comic books will also be available digitally.

SVEEP is a flagship program of the ECI for voter education, spreading voter awareness, and promoting voter literacy.

  • Its primary goal is to build a truly participative democracy in India by encouraging all eligible citizens to vote and make an informed decision during the elections.

World Rhino Day 2023- September 22 World Rhino Day is annually observed across the globe on 22 September to raise awareness about the terrible situation of Rhinoceros or Rhino (Rhinoceros unicornis) and emphasise the steps to conserve its population.

  • The day is dedicated to celebrating all 5 species of Rhinos namely white and black rhinos in Africa, and the greater one-hornedJavan, and Sumatran rhino species in Asia.

Background:
i.In 2010, the World Wildlife Fund (WWF) – South Africa announced World Rhino Day, a national crisis to create awareness about the importance of saving these animals.
ii.Since 2011, World Rhino Day has been celebrated internationally on September 22nd every year.
iii.The observance was initiated by two dedicated conservationists namely Lisa Jane Campbell from the Chishakwe Ranch in Zimbabwe and Rhishja Cota-Larson from Saving Rhinos in the United States of America (USA).

World Rose Day for Cancer Patients 2023 – September 22 World Rose Day, also known as the Day for Welfare of Cancer Patients is annually observed across the globe on 22 September and is dedicated to cancer patients all across the globe and also encourages and acknowledges cancer survivors all over the world.

  • The day aims to bring happiness and hope into the lives of such patients and reminds them that they can emerge victorious in their battle against cancer through determination and positivity.

Note: Cancer refers to any one of a large number of diseases characterized by the development of abnormal cells that divide uncontrollably and have the ability to infiltrate and destroy normal body tissue.
Background:
i.The origin of World Rose Day is credited to a 12-year-old Canadian girl named Melinda Rose, who was diagnosed with a rare form of blood cancer (Askin’s Tumor) in 1994.
ii.The day is reportedly observed in memory of Melinda Rose, who passed away from the disease in 1996.


World Car-Free Day – September 22World Car-Free Day is annually observed the cities across the globe on 22nd September to encourage motorists to give up their cars for a day. The day also highlights the benefits of being car-free such as reduced air pollution and the promotion of walking and cycling in a safer environment.
History of World Car Free Day
i.The idea for World Car Free Day came after the petroleum crisis of 1973, when people started to look for ways to reduce their dependence on cars.
ii.The first national car-free day campaign was launched in Britain in 1997.

  • In 2000, World Car Free Day went global with programs launched by Carbusters (now World Carfree Network) and the Earth Day Network.

iii.An international carfree day was organised in Europe in 1999, which was the pilot project for the European Union’s “In Town Without My Car” campaign. This campaign continues as European Mobility Week.
About West Bengal:
Chief Minister – Mamata Banerjee
Governor – C. V. Ananda Bose
Wildlife Sanctuary – Bethuadahari Wildlife Sanctuary, Ballavpur Wildlife Sanctuary
Tiger Reserve – Buxa Tiger Reserve, Sundarban Tiger Reserve

Celebrating World Tourism Day and the Joys of Discovering the World

27th September

Introduction:
Every year on September 27th, the world comes together to celebrate World Tourism Day. This special day is an opportunity to reflect on the importance of tourism and its impact on our lives, economies, and cultural exchange. It’s a time to appreciate the joy of exploring new places, immersing ourselves in different cultures, and experiencing the wonders this world has to offer. So, let’s dive into the significance of World Tourism Day and why it’s a celebration of wanderlust and adventure.

the temple of hephaestus in athens greece
Photo by Alex Does Pictures on Pexels.com

Embracing Cultural Exchange:
World Tourism Day is a reminder of the intrinsic value of cultural exchange. By venturing to new destinations, we have the chance to learn, appreciate, and be inspired by diverse customs, traditions, and people. Whether it’s savoring exotic cuisines, engaging in local festivals, or participating in age-old rituals, travel allows us to break free from our comfort zones and embrace the beauty of humanity’s rich tapestry.

Boosting Local Communities:
Travel and tourism play a vital role in stimulating local economies worldwide. From bustling cities to remote villages, World Tourism Day reminds us of the economic benefits that come with the influx of visitors. Tourism provides employment opportunities, boosts local businesses, and rejuvenates communities. By exploring lesser-known destinations and supporting local artisans, we can make a lasting impact and help foster sustainable development.

Preserving Natural and Cultural Heritage:
As we marvel at magnificent landmarks and breathtaking landscapes, World Tourism Day highlights the importance of responsible tourism. It urges us to embrace sustainable practices, reducing our ecological footprint, and safeguarding the delicate balance of nature. By being conscious travelers, we can ensure that future generations have the opportunity to experience the wonders of our world.

white and blue clouds
Photo by Tom Fisk on Pexels.com

Unleashing the Adventurer Within:
Travel ignites the spirit of adventure within us. It allows us to break free from our routines and venture into the unknown. World Tourism Day encourages us to embrace the thrill of exploration, unravel hidden gems, and create unforgettable memories. From backpacking through serene mountains to strolling along sun-kissed beaches, the possibilities for discovery are endless.

The Power of Travel in Shaping Our Perspectives:
Travel goes beyond simply visiting new places – it has the power to broaden our horizons and shift our perspectives. It demolishes stereotypes, fosters empathy, and enhances our understanding of the world. World Tourism Day celebrates the transformative power of travel, urging us to step out of our comfort zones and embrace the unknown.

Conclusion:
As World Tourism Day arrives, let us celebrate the joy, wonder, and personal growth that comes with travel. As we explore new destinations and immerse ourselves in different cultures, let us remember to be responsible, respectful, and mindful of our impact. By doing so, we can ensure that future generations can continue to experience the awe-inspiring beauty of this world we call home. So, here’s to World Tourism Day and the boundless adventures that await us!

Current Affairs – 22 September 2023

C-DOT & CSIR-NPL Signed an Agreement for Development of NavIC Based IST Traceable PRTC for Telecom Sector Centre for Development of Telematics (C-DOT)  and Council of Scientific and Industrial Research(CSIR)-National Physical laboratory (NPL) in New Delhi, Delhi signed an agreement to develop Indian Standard Time (IST) traceable Primary Reference Time Clock (PRTC) to synchronise all the telecom services with one reference time.

  • The time clock will be based on a regional navigation satellite system called Navigation with Indian Constellation (NavIC).
  • The agreement was signed under the Telecom Technology Development Fund (TTDF) scheme of the Department of Telecommunication(DoT).
  • The agreement was signed in the presence of Rajkumar Upadhyay, the Chief Executive Officer (CEO) of  C-DOT

: C-DOT is an autonomous telecom Research & Development(R&D) centre under the Department of Telecommunication under the Ministry of Communications.
About Primary Reference Time Clock (PRTC):
i.The device aims to provide direct IST traceability to all the Telecom Service Providers (TSPs) and Internet Service Providers (ISPs) within ± 20 nanoseconds.
ii.The device provides several benefits such as reducing the dependency on Global Positioning System (GPS), shifting to NavIC (formerly known as Indian Regional Navigation Satellite System (IRNSS)), Improving digital forensic analysis of transactions along with increased cyber secure networks and reduced call drops.
Why PRTC?
i.Time synchronisation of TSPs and ISPs  is essential for a nation’s cybersecurity, as all financial transactions, stock market trades, and communication are routed through them.
ii.The development of the PRTC is also an important step towards achieving the objective of “One nation One time“.

  • This is because it will ensure that all telecom networks in India are synchronised with the same time source.

About Telecom Technology Development Fund (TTDF) scheme:
TTDF Scheme was launched in 2022 by Universal Service Obligation Fund (USOF), a body under the DoT.

  • TTDF Scheme (TTDF) aims to fund R&D in rural-specific communication technology applications.
  • It brings together academia, startups, research institutes, and industry to build and develop the telecom ecosystem.

Additional Info:
i.Indian R&D has the potential to develop innovative solutions for the future.
ii.To achieve the goal of Atmanirbhar Bharat” (self-reliant India), the collaboration in areas of mutual interest is needed.
About Centre for Development of Telematics (C-DOT):
Chief Executive Officer(CEO) – Rajkumar Upadhyay
Headquarters – New Delhi, Delhi
Established in – 1984
About Council of Scientific and Industrial Research(CSIR) – National Physical laboratory (NPL):
The National Physics Laboratory(NPL) was the first among the chain of national laboratories to be set up under CSIR.
Director – Venugopal Achanta
Located in – New Delhi, Delhi
Established in – 1950


MSDE Minister Dharmendra Pradhan launches ‘Skills on Wheels’ with NSDC and IndusInd Bank to Promote SkillingUnion Minister Dharmendra Pradhan, Ministry of Skill Development and Entrepreneurship (MSDE) launched ‘Skills on Wheels’ initiative in collaboration with the National Skill Development Corporation (NSDC) and IndusInd Bank.MSDE minister and Shri Om Birla,Speaker, Lok Sabha have jointly launched the initiative during the inauguration of the program ceremony.
Aim:
To equip rural youth, especially women, with key digital skills and make them job and future-ready
About Initiative:
i.This initiative will empower 60,000 youth over a period of 5 years with relevant skills training to improving the livelihood of rural households.
ii.To bring the Skill India Mission to the farthest areas of India, a specially equipped bus with retrofitted tools and resources known as ‘Skills On Wheels’ will travel to remote areas.
iii.It will also spreading awareness at grass root level about free skill training programs.
iv.It will empower youth with industry-relevant skill training, enhancing both theoretical and practical knowledge.

  • It will align candidates’ academic backgrounds, aptitudes, and skill sets with the right courses, thereby bridging the industry’s skill gap and reducing youth unemployment.

About Skill India Mission:

  • Prime Minister, Mr. Narendra Modi launched the Skill India Mission in 2015 in accordance with his vision to help India become ‘Atmanirbhar’ (self-reliant).
  • This initiative was aimed to create and implement comprehensive skill development training programmes that would help bridge the gap between industry demands and skill requirements.

About National Skill Development Corporation (NSDC):
NSDC was set up by Ministry of Finance as Public Private Partnership (PPP) model. The Government of India through Ministry of Skill Development & Entrepreneurship (MSDE) holds 49% of the share capital of NSDC, while the private sector has the balance 51% of the share capital.
It is a not-for-profit public limited company under section 25 of the Companies Act, 1956 (corresponding to section 8 of the Companies Act, 2013).
CEO– Ved Mani Tiwari
Establishment– 2008
Headquarters– New delhi, Delhi

Global Report on Hypertension: WHO Released 1st Report on the Impacts of Hypetension & Ways to Stop It The World Health Organization (WHO) released it’s first-ever report on the global impact of hypertension (high Blood Pressure –BP) titled, “Global Report on Hypertension: the race against a silent killer”, along with recommendations on the effective hypertension care to save lives.

  • Hypertension, also known as high or raised blood pressure, is a condition in which the blood vessels have persistently raised pressure.
  • This comprehensive report features statistics underscoring the consequences of uncontrolled hypertension, ranging from heart attacks, strokes, and premature death to substantial economic loss.

About World Health Organisation (WHO):
Director-General- Dr Tedros Adhanom Ghebreyesus
Headquarters- Geneva, Switzerland
Established on- 7 April 1948


ISO and UNDP Partnership to enhance achievement of SDGThe International Organization for Standardization (ISO) and the United Nations Development Programme (UNDP) have signed a Statement of Intent(SoI) to use International Standards as a tool in advancing the achievement of Sustainable Development Goals(SDGs).

  • The collaboration also aims to develop the first international standard for the SDGs based on UNDP’s SDG Impact Standards and relevant ISO standards.
  • The partnership is in alignment with SDG17 – Partnerships for Goals.

About the partnership:
i.The collaboration will develop a common basis for documentation and certification, making it easier for organizations and companies to align their efforts and document progress toward the SDGs.
ii.The collaboration will design New management standards for the benefit of  businesses and investors.

  • This is to make sustainability and the SDGs as intrinsic part of business instead of being as an add-on element.
  • Better practices in business will lead to better outcomes for business.

About United Nations Development Programme(UNDP):
Administrator – Achim Steiner
Headquarters – New York, United States of America (USA)
Established in – 1966
About International Organization for Standardization (ISO):
President – Ulrika Francke
Headquarters – Geneva, Switzerland
Members – 169 national standards bodies.
Established – 1947


RBI: Household Savings fall to 5-decade Low at 5.1% in FY23, RBI Imposes Penalties on Four Cooperative BanksNet financial savings of households declined to a historically low level, reaching 5.1% of GDP in FY23. This marked a notable decrease from the previous fiscal year, where it stood at 7.2% (FY22), as per RBI data.

  • National Financial Switch (NFS) usage was decreased from 11.5% in FY21 to 5.1% in FY23, as per data from RBI’s Flow of Financial Assets and Liabilities of Household released on September 2023.
  • Household financial liabilities saw a substantial increase, rising to 5.8% of GDP in FY23, up from 3.8% in FY22. This indicates that households have increasingly relied on borrowing to meet their consumption needs.
  • Reserve Bank of India (RBI) imposes monetary penalties on four cooperative banks Lalbaug Cooperative Bank Ltd (Gujarat), Cooperative Bank of Mehsana Ltd (Gujarat), Harij Nagrik Sahakari Bank Ltd (Gujarat),and National Cooperative Bank Ltd (Maharashtra) citing its authority under the Banking Regulation Act, 1949, specifically Section 47 A (1) I in conjunction with Sections 46 (4) (i) and 56.

About Reserve Bank of India (RBI):
Governor– Shaktikanta Das
Headquarters– Mumbai, Maharashtra
Established – April 1, 1935


ADB lowers India’s GDP projection for FY23 to 6.3%; India Ratings revises India’s FY24 GDP growth to 6.2% The Asian Development Bank (ADB) in its Asian Development Outlook (ADO) September 2023 lowered India’s gross domestic product (GDP) projection by one percentage point for Fiscal 2022-2023 (FY23) to 6.3% from 6.4% (ADO April 2023 estimate).

  • For FY 2023-2024 (FY24), the GDP projection is retained at 6.7%.

India Ratings Revises India’s FY24 GDP Growth Estimates to 6.2%
India Ratings and Research (Ind-Ra) revised IndiaGDP growth estimate for FY24 to 6.2% from 5.9% projected in February 2023. .

  • This increase is due to the sustained government capital expenditure, deleveraged balance sheet of India Inc and banks, and the prospect of a new private corporate capex cycle.

About Asian Development Bank (ADB):
President– Masatsugu Asakawa
Headquarters– Mandaluyong, Metro Manila, Philippines,
Establishment– 1966


S&P Global raises India’s FY24 Growth Projection to 6.6%
On September 18, 2023, S&P (Standard & Poor’s) Global raised India’s growth prediction for FY24 to 6.6% from 5.9% predicted in August 2023 amid strong growth in the April-June quarter (Q1FY24).

  • In FY25, it will increase at a rate of 6.2% as compared to 6.1% projected in August 2023.

Key Points:
i.India’s inflation rate will grow sharply to 6% in 2023 as compared to 5.1% prediction in August 2023.

  • India’s inflation rate is anticipated to be high, at 5.3% in 2024.
  • Global inflation will reach 5.7% in 2023 and over 4% in 2024.

ii.India’s economic growth momentum was buoyant in Q1FY24, growing at a pace of 7.8% year-on-year (y-o-y), supported by robust growth in domestic demand.
iii..The deceleration of global economic growth will exert pressure on India’s exports.


TCS Partners with BankID BankAxept AS to Enhance Norway’s Financial Infrastructure
Tata Consultancy Services(TCS), a part of the Tata group, has entered a partnership with BankID BankAxept AS, Norway’s national payment and electronic identity system, to set up and manage an operations command center that will enhance the resilience, security, and availability of Norway’s financial infrastructure.

  • BankID is the Norwegian eID verification system, used by more than 90% of the population, banks, government agencies, and commercial enterprises.

i.As part of the agreement, TCS will build and manage a 24×7 operations command center in Oslo, Norway, for all BankID BankAxept AS users and clients.
ii.It will enable immediate responses to any service disruption, security issues, or client requests that are related to Norway’s essential national payments and electronic identity verification systems.
iii.TCS will operate a specialised monitoring platform at the new command center that can predict, respond, and prevent any issues in the value chain from affecting the larger financial services ecosystem.
About Norway:
Prime Minister(PM) – Jonas Gahr Støre
Capital – Oslo
Currency – Norwegian Krone


IAF Tested ‘Type V Heavy Drop System’ from Cargo AircraftThe Indian Air Force (IAF) has successfully tested the indigenously developed ‘Type V Heavy Drop System’  from a cargo aircraft which is capable of paradropping  arms, ammunition, and other equipment to inaccessible places/battlefields.

  • The design of this system has been developed by Aerial Delivery Research and Development Establishment (ADRDE), Agra, Uttar Pradesh (UP).
  • The parachute was developed under the ‘Make In India’ initiative.

About Type V Heavy Drop System:
i.The parachute is manufactured by  Airbornics Defence and Space Private Limited.
ii.It is a multi-stage parachute system comprises of eight Main canopies, three extractor parachutes and one drogue parachute.
iii.The parachute weighs up to 20 tons.
iv.It has a platform which is made up of a special Aluminium-based metal.
v.The parachute also has electrical, electronic and mechanical systems along with other latching accessories.
Can be used with: 
The Type V Heavy Drop System can be used with the Boeing C-17, Lockheed Martin C-130 and other C-series aircraft.
Additional Info:
i.With this testing, the preparations have been completed for the induction of the Type V Heavy Drop System into the Indian Armed Forces.
About Aerial Delivery Research and Development Establishment (ADRDE):
The ADRDE is a Research & Development(R&D) laboratory of the Indian Defence Research and Development Organisation(DRDO).
Director – Manoj Kumar
Headquarters – Agra, Uttar Pradesh
Established in – 1969
About Indian Air Force (IAF)
Chief of the Air Staff – Air Chief Marshal VR Chaudhari
Headquarters – New Delhi, Delhi
Established in – 1932


GRSE Signed MoUs with Lloyd’s Register & Caterpillar Inc for Hydrogen Fuel Cell Ferry & Medium-Speed EnginesThe Garden Reach Shipbuilders and Engineers (GRSE) Limited signed two non-binding Memorandums of Understanding (MoUs) with foreign companies during the Defense and Security Equipment International (DSEI) Exhibition in London, United Kingdom (UK) which took place from 12th – 15th September 2023 at the Excel in London’s Royal Victoria Dock.

  • These MoUs are in line with India’s commitment to advance innovative green energy technologies and promote sustainable, cost-effective alternative fuels.

GRSE MoU’s with Foreign Companies:
The two non-binding and confidential in nature MoUs

  • With Lloyd’s Register for the development of a hydrogen fuel cell ferry
  • With Caterpillar Inc. for a potential collaboration in the production, sale, and service of medium-speed engines, particularly for the Indian Navy (IN) and the Indian Coast Guard (ICG).

Note:

  • GRSE is a Mini Ratna Category 1 Public Sector Undertaking (PSU) under the Ministry of Defence.
  • Lloyd’s Register is a 260-year-old company that works towards finding sustainable solutions to maritime transportation.
  • Caterpillar Inc. is an American construction, mining and other engineering equipment manufacturer.

Key Points:
i.GRSE has also entered into a MoU with Goa-based DEMPO Group to construct commercial vessels at its three premier shipyards of DEMPO at DSEPL Goa and Modest Infrastructure Pvt. Ltd Bhavnagar, Gujarat.

  • This represents GRSE’s first venture into commercial shipbuilding following their groundbreaking public-private partnerships in India’s warship-building sector.

ii.The Central Government also plans to build hydrogen-fueled electric vessels, in line with the Global Maritime Green Transitions initiative, in partnership with Cochin Shipyard Limited (CSL) and The Energy and Resources Institute (TERI).
Additional info:
i.Munition India Limited(MIL), Advanced Weapons & Equipment India Limited (AW&EIL), Yantra India Limited(YIL) and Bharat Dynamics Limited(BDL) were the other PSU’s that participated in DSEI exhibition.
ii.The Indian Pavilion in the exhibition was inaugurated by Vikram Doraiswami, India’s High Commissioner to the UK on 12th September 2023.
About Garden Reach Shipbuilders and Engineers (GRSE) Limited:
Chairman & Managing Director– Cmde PR Hari, IN Retd
Headquarter– Kolkata, West Bengal


ISSF Rifle/Pistol World Cup 2023 Rio de Janeiro: India Ends Campaign with Two MedalsInternational Shooting Sport Federation (ISSF) Rifle/Pistol World Cup 2023 in Rio de Janeiro, Brazil was held from 12th – 19th September 2023. India finished 5th in the medal tally with 2 medals (1 Gold and 1 Silver).

  • The World Cup Rifle/Pistol 2023 Rio de Janeiro was the final stage of the ISSF World Cup for rifle and pistol shooters.

Note:
A total of 16 Indian shooters took part in the ISSF World Cup in Rio.
Medal Tally:

_

_

  • Oceanne Muller of France and Jiale Zhang of China won the silver and bronze medals respectively in the same event.
  • This has been Elavenil’s second individual ISSF World Cup medal since she won the gold in the women’s 10m air rifle event in ISSF World Cup Rio in 2019.

ii.India’s Nischal won the silver medal in the Women’s 50m Rifle 3 Positions while Jeanette Hegg Duestad of Norway and Stephanie Laura Scurrah Grundsoee of Denmark won the gold and bronze medals respectively.

  • This event marks Nischal’s  first senior World Cup appearance.

iii.The 19-year-old Nischal created a qualification national record in the Women’s 3 Positions event by shooting a solid 587 in relay one.

  • Previously Anjum Moudgil and Ayushi Podder held qualification national record with a short in relay two.
  • Anjum Moudgil and Ayushi Podder also participated in this event and finished 10th and 35th place respectively.

About ISSF World Cup:

  • The 2023 ISSF World Cup comprised 13 stages including the final of competitions held across various cities in the world.
  • The 2023 ISSF World Cup final will be held from 18th – 26th November 2023.

About the International Shooting Sport Federation (ISSF): 
ISSF is the governing body of the Olympic shooting events in rifle, pistol and shotgun (clay target) disciplines, and of several non-Olympic shooting sports events.
President– Luciano Rossi
Headquarters– Munich, Germany
Established – 1907

MIB Secretary Apurva Chandra released E-Book titled “People’s G20”, on India’s G20 Presidency
Apurva Chandra, Secretary, Ministry of Information and Broadcasting(MIB) unveiled an ebook, titled “People’s G20, which provides the comprehensive documentation of India‘s journey during its G20 Presidency, in New Delhi, Delhi.

  • The e-book was prepared by research unit of Press Information Bureau(PIB).

The eBook is divided into three parts:

  •  The 1st part focuses on the historic G20 Summit held in New Delhi from 9th -10th September 2023.
  • The 2nd part offers a summary of the meetings conducted by various Working Groups under the Sherpa and Finance Track.
  • The 3rd part presents a captivating photo essay that captures the essence of the Jan-Bhagidari events(awareness events about G20) held across India during India’s presidency.

International Day of Peace 2023- September 21 The United Nations (UNInternational Day of Peace also known as “World Peace Day” is annually observed across the globe on 21 September and is dedicated to strengthening the principles of peace both within and among all nations and peoples, advocating for 24 hours of non-violence and cease-fire.

  • The 2023 theme of International Day of Peace (IDP) is, “Actions for peace: Our ambition for the #GlobalGoals“.

Background:
i.In 1981, the United Nations General Assembly (UNGA) declared the 3rd Tuesday of September as International Day of Peace. This day coincided with the opening day of the regular annual sessions of the General Assembly.
ii.The first IDP was observed on 21 September 1982 (3rd Tuesday of September 1982).
iii.In 2001, the UNGA declared 21 September of every year as an official date for the IDP. The day will henceforth be observed as a day of global ceasefire and non-violence.

  • During the IDP, the UN invites all nations and people to honour a cessation of hostilities.

iv.The UN Peace bell is rung in the UN headquarters in New York City, the United States of America (USA), to signal the call for global peace.

World Alzheimer’s Day 2023- September 21World Alzheimer’s Day is annually observed across the globe on 21 September to raise awareness and challenge the stigma that persists around Alzheimer’s disease, which is the most common type of dementia and other forms of dementia.

  • The day also aims to raise awareness about Alzheimer’s disease symptoms, and the importance of timely diagnosis and treatments.
  • World Alzheimer’s Day is observed during the World Alzheimer’s Month.

Background:
i.World Alzheimer’s Day was launched during the opening of ADI’s annual conference in Edinburgh, Scotland on 21 September 1994 to celebrate the 10th anniversary of ADI.
ii.In 2010, ADI launched the first awareness campaign, “World Alzheimer’s Month”, as a pilot campaign in 12 countries.

  • Since 2012, World Alzheimer’s Month is annually observed during the month of September.

About Alzheimer’s Disease International (ADI):
Chief Executive Officer– Paola Barbarino
Headquarters– London, UK
Founded in– 1984


UP Launched Instant Birth Registration for Newborns at Govt Health FacilitiesUttar Pradesh (UP) Government has integrated its Maa Navjaat Tracking app (MaNTrA) with the birth registration system, to enable the immediate issuance of birth registration certificates for newborns at the Government health facilities in UP.

  • This will enhance citizen convenience and eliminate the need for parents to apply separately.
  • With this development, UP has become the first state to implement ‘Suo Motu’ automatic birth registration for government health institutions verified through the Civil Registration System (CRS) portal.

Partners of the initiative:
The Directorate of Census Operations, Lucknow (UP), has partnered with the UP National Health Mission (NHM-UP), the United Nations International Children’s Emergency Fund (UNICEF), and the Office of the Registrar General of India, Delhi, aims to facilitate the generation of automatic birth registration certificates at government facilities.
MaNTrA app:
i.The MaNTrA app, originally developed in UP in collaboration with UNICEF, monitors the quality of services in the labour room and has been successfully deployed in public health facilities in UP.
ii.The seamless integration of the MaNTrA app with the birth registration system is a significant step towards increasing the ‘ease of living’ of a common citizen by creatively using digital technology architecture.
Note: In August 2023, the MaNTrA for Delivery Point Health Facilities, under the NHM-UP, received the “Silver Award” in the “Government Process Re-engineering for Digital Transformation” category of the National Awards for e-Governance Scheme 2023.
Process:
i.The CRS (Office of Registrar General, India) Application Programming Interface (API) retrieves data for 17 fields from the MaNTrA, managed by NHM-UP.
ii.The API is now acting as registrar in all government health institutions up to the primary healthcare level.

  • A total of approximately 2,500 birth certificates have already been issued.

iii.The data is then configured into a birth certificate, digitally signed by the hospital registrar.
Note: The initiative has started in about 1,000 public health facilities, with plans to expand it to every government facility. The objective is to ensure that Automatic Birth Registration Certificates are issued on the spot in each case.
About Uttar Pradesh:
Chief Minister– Yogi Adityanath
Governor– Anandiben Patel
Stadiums– Shaheed Vijay Singh Pathik Sports Complex (Greater Noida Cricket Stadium, Indoor) and Pandit Madan Mohan Malviya Sports Stadium (Outdoor)


Startup Odisha Launches Rs 100 Crore Startup Growth Fund
Startup Odisha, an initiative of the Micro, Small & Medium Enterprises(MSME) Department of the Odisha government, launched “Odisha Startup Growth Fund (OSGF)” worth Rs 100 Crore in collaboration with Small Industries Development Bank of India (SIDBI).

  • SIDBI will serve as the fund manager for the new fund and will be responsible for framing the investment strategy and managing the fund’s portfolio.

Odisha Startup Growth Fund operates a Fund-of-Funds vehicle to invest in state startups through a centralized tracking and implementation mechanism.

  • The Odisha government will replenish the fund once Rs 100 crore gets exhausted.
  •  The nature of the investments from the fund will be based on equity and quasi-equity.
  • The fund will invest in startups of Odisha over five years through Alternative Investment Funds (AIFs).

HP CM Sukhvinder Singh Sukhu Launches Integrated Electricity Consumer Portal
Himachal Pradesh(HP) Chief Minister(CM) Sukhvinder Singh Sukhu launched the Integrated Electricity Consumer Portal of Himachal Pradesh State Electricity Board Limited (HPSEBL) on the occasion of Engineer’s Day on 15th September 2023.

Current Affairs – 21 September 2023

Union Minister Jyotiraditya Scindia Inaugurates ‘Udaan Bhawan’ and ‘E-wallet’ Facility in DelhiOn 18th September 2023, Union Minister Jyotiraditya Scindia, Ministry of Civil Aviation (MoCA), inaugurated ‘Udaan Bhawan,’ an Integrated Office Complex at Safdarjung Airport in Delhi and an e-wallet (Bharatkosh Advance Deposit) facility for MoCA.
Key People:
General (Dr.) Vijay Kumar Singh (Retd.), MoCA and Ministry of Road Transport, and Vumlunmang Vualnam, Secretary, MoCA were also presented at the inauguration.
Regulatory Authorities of Indian Civil Aviation Sector:
i.Regulatory Authorities such as the Directorate General of Civil Aviation (DGCA), Bureau of Civil Aviation Security (BCAS), Aircraft Accident Investigation Bureau (AAIB), and Airports Economic Regulatory Authority (AERA), play a vital role in the Civil Aviation sector by framing and implementing rules and regulations as per standards.
ii.Airports Authority of India (AAI) is the major airport operator responsible for construction, operations, providing Air traffic control (ATC) and Communication, Navigation, and Surveillance (CNS) Services & maintenance at various airports across India.
About Udaan Bhawan:
i.The Udaan Bhawan, the New Integrated Office would allow all organisations to work together under the same roof and this would lead to better coordination between various regulatory authorities under MoCA such as DGCA, BCAS, AAIB, AERA, and AAI.
ii.The New Integrated Office Complex has G+3 levels constructed above ground and the rest 3 as basement levels and can accommodate 1270 officials.

  • The total built-up area of the building is 71257 square meters (Sqm), built at a cost of Rs. 374.98 crore.

iii.The new building, emphasising its alignment with the Prime Minister’s call for ‘Sankalp se siddhi.’
Features:
i.The Green Rating for Integrated Habitat Assessment (GRIHA)-5 rated building incorporating a range of eco-friendly features that align with environmental conservation.
ii.The building is designed for utilization of Daylight to the maximum extent possible.
iii.The environment-friendly features of the building include the use of efficient Light-Emitting Diode (LED) fixtures, glazed curtain-wall assembly, and a double-skin Façade System to minimize heat gain and recycling of wastewater.
iv.It also features modern amenities such as conference rooms, an Audio-Visual (AV) system, Information Technology (IT) infrastructure, a parking management system, a yoga room, a creche facility, and Electric Vehicle (EV) charging, among others.
E-Wallet Facility:
i.The e-wallet will be particularly useful for processing fees for various regulatory approvals in the Bharat Kosh portal.
ii.It will act as a prepaid wallet that would enable registered users to add funds in advance.

  • Initially, only National Electronic Funds Transfer (NEFT)/Real Time Gross Settlement (RTGS) mode will be allowed for adding funds.

iii.The Bharat Kosh portal would allow a faster, quicker, more secure payment system through our civil aviation ministry.


Central Govt launches Kisan Rin Portal, WINDS Manual and Door to Door KCC CampaignOn September 19, 2023, Union Minister Nirmala Sitharaman , Ministry of Finance; and Union Minister  Narendra Singh Tomar, Ministry of Agriculture & Farmers Welfare (MoAFW), inaugurated Kisan Rin Portal (KRP), Weather Information Network Data Systems (WINDS) Manual, and Door-To-Door Kisan Credit Card (KCC) campaign (Ghar-Ghar KCC Abhiyaan) during an event at Pusa Complex, New Delhi, Delhi.

  • These initiatives are focused on Agri-credit (KCC & MISS) and Crop Insurance (PMFBY/RWBCIS).
  • MISS stands for Modified Interest Subvention Scheme, PMFBY for Pradhan Mantri Fasal Bima Yojana, and RWBCIS for Restructured Weather Based Crop Insurance Scheme.

About Ministry of Agriculture and Farmers Welfare (MoA & FW):
Union Minister– Narendra Singh Tomar (Constituency-Morena, Madhya Pradesh)
Ministers of State– Sushri Shobha Karandlaje; Kailash Choudhary


UN WFP and IIT Bombay Partner to Improve Food Security, Nutrition, Climate Resilience, and Livelihoods
The United Nations World Food Programme (WFP) and the Indian Institute of Technology, Bombay (IITB) in Mumbai( Maharashtra) have signed a Memorandum of Understanding (MoU) to improve food security, nutrition, climate resilience, and livelihoods in India.
Purpose of MoU:
i.To Establish a comprehensive knowledge management system to identify, analyze, and generate evidence related to food and nutrition security.
ii.To Develop an ecosystem for technology and innovations to support government food safety net programs.
iii.To Create real-time monitoring systems and dashboards using administrative data sets to generate actionable evidence on food and nutrition security.
The UN WFP, headquartered in Rome, Italy, was established in 1961. The current Executive Director of the WFP is Cindy H. McCain.


Swavlamban 2023: 2nd edition of Indian Navy’s NIIO Seminar Scheduled for 4&5 Oct 2023
The 2nd Edition of the Indian Navy’s Naval Innovation and Indigenisation Organisation(NIIO) Seminar Swavlamban 2023’ is scheduled to be held on October 4-5, 2023 in New Delhi, Delhi.

  • The seminar will showcase 75 prototypes of indigenous technologies/products developed by start-ups under the ‘SPRINT Challenges’ initiative.

Note: The 1st edition of the seminar was held in July 2022 in New Delhi, Delhi. Prime Minister Modi launched 75 challenges for the start-ups/ MSMEs as a part of the ‘SPRINT’ initiative.
SPRINT is a collaborative initiative between the Indian Navy, Defence Innovation Organisation (DIO), Innovations for Defence Excellence (iDEX), NIIO, and Technology Development Acceleration Cell (TDAC).

  • It aims to boost the usage of indigenous technology in the Indian Navy.

Niche technologies being developed under the SPRINT Challenges include

  • Blue-green lasers for underwater applications;
  • Autonomous weaponized swarms and underwater swarm drones;
  • Multiple firefighting aids;
  • Introduction of Artificial Intelligence (AI) for various uses;
  • The development of an ultra-endurance small drone for maritime missions.

World Bank & UNICEF Report: Every second extreme poor in the world is a childAccording to the report “Global Trends in Child Monetary Poverty According to International Poverty Lines” prepared by the World Bank Group and United Nations Children’s Fund (UNICEF), in 2022, children accounted for 52.5% of the total extreme poor population in the world i.e., every 2nd extreme poor person in the world is a child.

  • About 11.5 %(52 million) of Indian children live in extremely poor households.

About the Report:
i.This was the third report by the World Bank and UNICEF, including their two reports in 2016 and 2020.
ii.The report presented estimated trends in child poverty from 2013 to 2022, based on three international poverty lines: USD 2.15 (extreme poverty), USD 3.65 (lower middle income), and USD 6.85 (upper middle income).

  • The report was based on the new global poverty line adopted in September 2022, with the World Bank updating data on its Poverty and Inequality Platform.

Increasing Trends in Children Poverty:
i.The share of children in the extreme poor population is continuing to increase. it has increased from 47.3 in 2013 to 52.5% in 2022.
ii.In 2022, estimates of children in poverty around the world show

  • 333 million children living in extreme poverty (USD2.15)
  • 829 million children living in lower middle income (USD3.65)
  • 1.43 billion children living in upper middle income (USD6.85)

Comparison of Poverty among Different Ages:
i.In 2022, 15.9 % of the world children population lived in extremely poor households as compared to 6.6 % of adults.
ii.Among the children, the poverty rate is the highest for the 0-5 year age group which is around 8.3 % (99 million) children living in extreme poor households.
iii.The average poverty gap for children under the age of 18 is higher (5.1%) than for adults (1.9%) at the USD 2.15 threshold.
Region Wise Analysis:
i.Sub-Saharan Africa and South Asia have the highest numbers of poor children.

  • Sub-Saharan Africa has the world’s highest rate of poverty among children, at 40%, whereas South Asia has 9.7%. 
  • These two regions account for 90 % of the world’s extremely poor children.

Note:
Under the Sustainable Development Goals (SDGs), the world made a promise to end extreme child poverty by 2030.
Impact of Covid-19 on Child poverty:
i.Covid-19 breaks the trend of consistent decline in child poverty.

  • As per the report, there would be a reduction of 68.4 million children in extreme poverty between 2013 and 2020, but only actually witnessed an estimated reduction of 29.2 million children, due to pandemic disruptions.

About United Nations Children’s Fund (UNICEF):
Executive Director – Catherine M. Russell
Headquarters – New York, United States of America(USA)
Established – 1943


IREDA Signs MoU With BoM to Finance Renewable Energy ProjectsIndian Renewable Energy Development Agency (IREDA)  has signed a significant Memorandum of Understanding (MoU) with Bank of Maharashtra (BoM) to promote and facilitate co-lending and loan syndication for renewable energy projects nationwide.

  • Under this agreement, Bank of Maharashtra can invest in the Bonds issued by IREDA (in accordance with the specified terms and conditions of the offering).
  • The MoU was signed in the presence of Pradip Kumar Das, Chairman and Managing Director(CMD) of IREDA.
  • IREDA, a Mini Ratna (Category – I) Government of India enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE).

About MoU:
i.The MoU aims to provide a financial ecosystem for Green Energy projects along with several services including

  • Co-lending and co-origination support for all renewable energy projects.
  • Facilitation of loan syndication and underwriting.
  • Management of Trust & Retention Account for IREDA borrowers.
  • Commitment by BoM to lend IREDA with fixed interest rates spanning a period of 3-4 years.

ii.This collaboration will help to boost India’s green energy sector and support the country’s climate change goals.

  • It paves a path to achieve India’s goal of Net Zero emissions by the year 2070.

India’s renewable energy Commitment:
i.India’s goal is to fulfill 50% of its energy demands using renewable sources by 2030.
ii.Achieving 500 GW(Giga-watt) of non-fossil electricity capacity and to reduce emissions by 1 billion tons by 2030
iii.India also aims to reduce the emissions intensity of Gross Domestic Product (GDP) by 45%.
Additional Info:
IREDA also signed many  MoUs with Public Sector Banks and Financial Institutions  to satisfy the funding requirement of the Renewable Energy projects like Green Hydrogen and Offshore Wind.
About Indian Renewable Energy Development Agency (IREDA)
Chairman and Managing Director(CMD) – Pradip Kumar Das
Headquarters – New Delhi, Delhi
Established in – 1987
About Bank of Maharashtra(BoM):
Managing Director(MD) & Chief Executive Officer(CEO) – A S Rajeev
Headquarters- Pune,Maharashtra
Established in- 1935
Tagline – Ek Parivaar, Ek Bank (One Family One Bank)


Bharti AXA Life Insurance Launches New Mid-Cap Scheme Emerging Equity FundBharti AXA Life Insurance launched its new fund offering (NFO) called Bharti AXA Life Emerging Equity Fund. This is Bharti AXa’s first mid-cap fund launched with an aim to provide long-term capital appreciation through investing in a portfolio of mid-cap companies.

  • Bharti AXA Life Insurance launched mid-cap fund after 13 years; The last launch of mid-cap fund was in 2010.

Process:
i.Investors can invest in Bharti AXA Life’s Emerging Equity Fund through three of Bharti AXA Life’s Unit Linked Insurance Plan(ULIP):

  • Bharti AXA Life Wealth Pro
  • Bharti AXA Life Grow Wealth
  • Bharti AXA Life Wealth Maximizer

ii.Investors get access to the investment market with a relatively small initial investment and take advantage of the NFO’s base price, with the potential to earn significant long-term capital gains.
What is NFO?
NFO is the first subscription offering for any fund being launched by an investment company.
During an NFO, investors can purchase units of the mutual fund scheme at the face value, which is typically set at a fixed price usually of Rs. 10 per unit.
Mid-Caps:
i.According to the Securities and Exchange Board of India (SEBI), companies that are ranked from 101 to 250 in terms of market capitalization are known as mid-cap companies.

  • Mutual funds that hold stocks from the mid-cap are called ‘Mid-cap funds’.

ii.Mid-caps represent the future’s emerging blue-chip companies.
iii.Mid-cap funds are involved with more risk than large-cap funds but will yield good returns in the long run.
iv.Mid-cap stocks can complement both high-risk and low-risk investment strategies, offering investors a balance of stability and growth.
About Bharti AXA Life Insurance:
Managing Director(MD) & Chief Executive Officer (CEO) – Parag Raja
Headquarters – Mumbai, Maharashtra
Established in  – 2006


SBI Introduces Digital Opening of NRE/NRO Account Setup through YONO The State Bank of India (SBI) has introduced a digital facility for Non-Resident Indians (NRIs) to effortlessly open Non-Residential External (NRE) and Non-Resident Ordinary (NRO) accounts (both savings and current accounts) through SBI’s mobile app YONO.

  • This service is designed for New to Bank (NTB) customers as a one-stop solution for NRI banking needs to provide them with simplified, efficient, and accurate account opening process.

Note:
An NRE account is opened in India in the name of an NRI for his/her foreign earnings, while an NRO account is for managing income earned in India, such as rent, dividend, pension, and interest.
Key Points:
i.This service can be availed by the NRIs from their homes, eliminating the need for an in-person visit to India.
ii.Customers can track the status of their applications in real-time.
iii.SBI is the largest commercial bank in terms of assets, deposits, branches, customers, and employees.

  • As of June 2023, the bank has a deposit base of over Rs. 45.31 lakh crore with a CASA (Current Account and Savings Account) ratio of 42.88% and advances of more than Rs. 33 lakh crores.

Process:
i.Download YONO SBI app
ii.Choose NRE/NRO account opening
iii.Submit KYC:

  • Option 1 – at an SBI branch in India
  • Option 2 – Attest the KYC documents by a Notary, Indian Embassy, High Commission, SBI Foreign Office, Representative Office, Court Magistrate, or Judge and mail to a designated branch.

About State Bank of India (SBI):
Chairman – Dinesh Kumar Khara
Headquarters – Mumbai
Tagline – The Banker to Every Indian
Establishment – 1955


RBI Approved Re-appointment of Sashidhar Jagdishan as MD & CEO of HDFC BankReserve Bank of India(RBI) has approved re-appointment of Sashidhar Jagdishan as Managing Director(MD) and Chief Executive Officer(CEO) of HDFC Bank  Limited  for a period of 3  years with effect from 27th October 2023 to  26th October 2026.

  • He has been MD and CEO of the Housing Development Finance Corporation (HDFC) Bank since October 2020, after he took charge from Aditya Puri(the bank’s longest serving CEO (26 years- since September 1994).

About Sashidhar Jagdishan:
i.Sashidhar Jagdishan joined HDFC Bank in 1996 as a Manager in the Finance function and became Business Head of finance in 1999.

  • He was appointed as Chief Financial Officer in 2008.

ii.Prior to his appointment as MD & CEO, he was serving as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility.
Note:
HDFC Limited merged with HDFC Bank Limited in July 2023 and became India’s 2nd biggest company, behind Reliance Industries with respect to market capitalization.
About Housing Development Finance Corporation (HDFC) Bank:
Chairman – Mr. Atanu Chakraborty
MD & CEO – Sashidhar Jagdishan
Headquarters – Mumbai,Maharashtra
Established in – 1994
Tagline – We Understand Your World


Srinivasan K. Swamy elected as Chairman of Audit Bureau of Circulations
Srinivasan K. Swamy, Executive Chairman of R.K. Swamy Hansa Group, has been elected as the Chairman of the Audit Bureau of Circulations (ABC) for the term 2023-2024. He replaced Pratap Pawar who served as Chairman for the term 2022-23.

  • Srinivasan K. Swamy was the Deputy Chairman of the Bureau for the year 2022-2023.
  • He was awarded the Lifetime Achievement Award by the Advertising Agencies Association of India(AAAI) in 2016.
  • He is currently serving as Chairperson of Asian Federation of Advertising Association.

Riyad Mathew, Chief Associate Editor and Director of Malayala Manorama Co. Ltd representing publisher members on the council, has been elected as the Deputy Chairman of ABC for 2023-2024.
The ABC founded in 1948 is a not for profit, voluntary organisation consisting of Publishers, Advertisers and Advertising Agencies.


‘Vibhav’: Indian Army Inducted 600 Self-neutralising Anti-tank Mines with Safety Mechanism The Indian Army has inducted Six hundred indigenously manufactured self-neutralising anti-tank mines, known as “Vibhav”, to provide mobility kill against all enemy armoured vehicles.

  • The introduction of Vibhav into the Indian Army’s armoury enhanced their defences against enemy armoured vehicles and strengthened their overall operational capabilities.
  • Vibhav, the point-attack anti-tank munition, was developed in collaboration with the Defence Research and Development Organisation(DRDO) in India. This mines have safety and actuation mechanisms to ensure operator safety.
  • Vibhav is being manufactured by the Kalyani Group for the Indian Army.

Feature and Benefits of Vibhav:
i.The Vibhav anti-tank mine is composed of modern plastic, which gives it sufficient strength and durability to withstand storage, handling, and operating conditions in varying field environments.
ii.“Vibhav” can be laid either manually or mechanically, providing flexibility in deployment.
iii.Safety and actuation mechanisms have been incorporated into these mines to ensure operator safety and reliability.
iv.These mechanisms, along with integrated explosive, mechanical, and electronic features, make the Vibhav mines lethal against targets and effective against both current and future armoured vehicles.
v.The munition also incorporates an Electronic Anti-Handling and Anti-Lift Device (EAHALD) that, once armed, is operational for 120 days.
New Inclusion:
i.One significant improvement in the Vibhav mines is the inclusion of mechanical timers, allowing self-neutralization after 120 days.

  • This feature adds an extra layer of safety and prevents the accidental handling or lifting of armed mines after their intended lifespan.

ii.The Vibhav mines have a storage life of 10 years and no unique storage needs.
MoD Clears Proposal to Buy ‘Pralay‘ Ballistic Missiles for Indian Army
The Ministry of Defence(MoD) has approved the proposal to procure a regiment of ‘Pralay’ tactical ballistic missiles with a range of 150 to 500 kilometers(Km) for the Indian Army.

  • These missiles will be deployed along the Line of Actual Control (LAC) and the Line of Control (LoC), that is borders with China and Pakistan respectively.
  • The missiles were developed by the DRDO. These missiles with conventional warheads will be using in tactical roles.
  • ‘Pralay’ is powered by a solid propellant rocket motor and other new technologies. The missile guidance system includes state-of-the-art navigation and integrated avionics.

Features:
i.Pralay is a quasi-ballistic and will be the longest-range surface-to-surface missile in the inventory of the Army. It is capabale of being launched from a mobile launcher.
ii.The advanced missile has been developed in a way to be able to defeat interceptor missiles. It has the ability to change its path after covering a certain range in mid-air.
iii.It is capable of carrying a conventional warhead of about 350 to 700 kilograms (kg), which gives it a deadly punitive capability.
iv.It can also carry a high explosive preformed fragmentation warhead, Penetration-cum-Blast (PCB) and Runway Denial Penetration Submunition (RDPS).
Key Points:
i.The procurement follows a similar approval granted to the Indian Air Force (IAF) for the acquisition of these missiles.
ii.This missile system’s development commenced around 2015 and the acquisition of these missiles is part of a broader strategy to develop a strategic rocket force, a concept advocated by Chief of Defence Staff Late General Bipin Rawat.
iii.The missile was successfully tested twice on consecutive days on 21 and 22 December 2022.
iv.Pralay, along with the BrahMos supersonic cruise missile, will form the crux of India’s planned Rocket Force.
Note: It can be compared to China’s Dong Feng 12 and the Russian Iskander missile that has been used in the ongoing war with Ukraine.


Carlos Sainz Jr. wins the Formula 1 Singapore Grand Prix 2023 Ferrari’s Carlos Sainz Vázquez de Castro (Carlos Sainz Jr.) of Spain won the Formula 1 (F1) Singapore Airlines Singapore Grand Prix 2023 held in Marina Bay Street Circuit, Singapore.

  • McLaren driver Lando Norris of the United Kingdom(UK) finished second while Mercedes driver Lewis Hamilton of UK finished third position.

Winners of Singapore Grand Prix 2023:

  • So far Max Verstappen has won 12 F1 Grand Prix in 2023 and still leads the season’s championship.
  • The Singapore GP 2023 marks the first GP where Red Bull has been off the podium since the Brazilian Grand Prix in November 2022.

ii.This victory marks Carlos Sainz Jr. second career win in F1 including his victory at the 2022 British Grand Prix.
About Singapore Grand Prix 2023:
i.The 14th edition of the F1 Singapore Grand Prix was held from 15th to 17th September 2023.

  • Singapore Grand Prix 2023 was the 15th round of the 2023 Formula One (F1) World Championship.

About the Marina Bay Circuit:

  • Number of Laps – 62
  • Circuit Length – 4.94 Km
  • Race Distance -306.143 Km
  • The First Singapore Grand Prix held at Marina Bay Circuit was on 2008.

About Federation Internationale de l’Automobile (FIA)
The F1 Grand Prix races are organised by Federation Internationale de l’Automobile (FIA).
President –  Mohammed Ben Sulayem
Headquarters – Paris, France
Established – 1904


Renowned Flautist & Padma Shri Awardee ‘Sikkil’ Neela from Passes AwayRenowned Flautist and Padma Shri  Awardee Sikkil Natesan Neela, the younger of the renowned ‘Sikkil Sisters’ duo from Tamil Nadu, passed away in Chennai, Tamil Nadu(TN).  She was born on 9th September 1938.

  • The Sikkil Sisters perfected the ’gayaki’ style of playing Carnatic music on the flute.
  • Sikkil Neela along with her sister Sikkil Kunjumani were top grade artist of All India Radio(AIR) and Doordarshan(DD).

About Sikkil Natesan Neela:
i.Her father was Azhiyur Natesa Iyer, a reputed mridangist.
ii.Sikkil sisters learnt to play the flute from their uncle Azhiyur Narayanaswamy Iyer, but Sikkil Kunjumani is Neela’s principal mentor and guide.
iii.In 1942, the then Kingdom of  Mysore awarded Neela and Kunjumani with the title ‘Venugana Praveena’.
Awards & Honours:
i.In 2004, the government of India honoured Neela with ‘Padma Shri’, the 4th Highest Civilian Award in India for her contribution in the field of art.
ii.The Music Academy, Madras of Chennai, Tamil Nadu conferred “Sangeetha Kalanidhi” to Sikkil Sisters in 2002.

  • For the first time in the history of the Music Academy, 2 artistes have been awarded the title in the same year.
  • This was also the first time for the academy to honour women flautists

iii.In 1984, they received ‘President Award’ from Sangeetha Natak Academy
Under the Ministry of Culture and in 1989, they received Sangeet Natak Akademi Award for Carnatic Music (Instrumental).
vi.She received ‘Kalaimamani‘ award from Tamil Nadu Iyal, Isai, Nataka Mandram in 1973.
Additional info:
i.Elder sister Sikkil Kunjumani passed away in 2010
ii.Sikkil Natesan Neela’s daughter Sikkil Mala Chandrasekar is also a flautist.

Renowned Indina American Writer-Filmmaker Gita Mehta Passed Away
Gita Mehta, a Renowned Indian-American Writer-Filmmaker,  journalist and Author, passed away in New Delhi, Delhi. She was born in 1943 to Biju Patnaik, an independent activist and the 3rd Chief Minister of Orissa (now Odisha).  She is the elder sister of Naveen Patnaik, the Chief Minister(CM) of Odisha.

  • She has authored several books including “Karma Cola”, “Snakes and Ladders: Glimpses of Modern India”, “A River Sutra”, “Raj”, and “Eternal Ganesha: From Birth to Rebirth”.
  • In 2019, she was honoured with Padma Shri, India’s 4th highest civilian honour, in the “Foreigners” category for her outstanding contribution to the field of art and literature. She declined the award citing its timing ahead of the May 2019 Elections.
  • She served as a war correspondent in Bangladesh (then East Pakistan) of US TV network NBC in 1970-1971. She complied her experience in the documentary titled “Dateline Bangladesh”.
  • She also produced and directed around 14 television documentaries for UK, European and US networks.

World Water Monitoring Day 2023- September 18 World Water Monitoring Day (WWMD) is annually observed across the globe on 18 September to raise awareness about the significance of monitoring water sources regularly and to educate and recognise the importance of protecting the world’s water resources.
Note: Every year, around 150 countries come together to honour WWMD on September 18.
Background:
i.World Water Monitoring Day (WWMD) was proclaimed by America’s Clean Water Foundation (ACWF) as an international outreach program in 2003.

  • The outreach program is intended to educate and involve citizens in the protection of water resources around the world.

ii.WWMD is officially celebrated on September 18. It was initially chosen to be a month later on October 18 to recognize the anniversary of the United States of America (US) Clean Water Act, which was enacted by the US Congress in 1972 to restore and protect America’s water resources.
iii.The Water Environment Federation (WEF) and the International Water Association (IWA) coordinate WWMD internationally.
About EarthEcho International (EarthEcho):
Executive Director– Mia DeMezza
Headquarters– Washington, D.C., USA
Founded in– 2005


International Week of Deaf People 2023- September 18 to 24International Week of Deaf People (IWDP) is annually observed across the globe during the last full week of September and concludes on the final Sunday of September. The IWDP week raises awareness about the rights of people who are deaf or hard of hearing/hearing impaired.

  • The IWPD 2023 is observed from 18 to 24 September 2023.

The IWDP 2022 was observed from 19 to 25 September 2022 and the IWDP 2024 will be observed from 23 to 29 September 2024.

  • The theme for IWDP 2023 is “A World Where Deaf People Everywhere Can Sign Anywhere!”.

Background:
i.The International Week of Deaf People (IWDP) is an initiative that was first launched by the World Federation of the Deaf (WFD) in 1958 in Rome, Italy.
ii.It is celebrated annually by the global Deaf Community on the last week of September to commemorate the same month (23 September 1951), the first World Congress of the WFD was held.
iii.Each year the WFD promotes awareness of human rights and sign language of the respective Deaf Communities worldwide by hosting a variety of events around the globe.
About World Federation of the Deaf (WFD):
President– Dr Joseph J. Murray
Headquarters– Helsinki, Finland
Founded on– 23 September 1951
WFD is an international non-governmental organization representing Deaf people worldwide. It is a federation of deaf organisations from 135 nations

Current Affairs 17,18 & 19 September 2023

AH&D Along with WOAH Collaborates to Strengthen One Health Approach for Pandemic PreparednessThe Department of Animal Husbandry & Dairying (AH&D) under the Ministry of Fisheries Animal Husbandry & Dairying in collaboration with the World Organisation for Animal Health (WOAH) organized a multi-sectoral workshop titled “Risk-based management of spill over events in wildlife in India”

  • The workshop aimed to strengthen the importance of a One Health approach, cross-sectoral collaboration, and pandemic preparedness.

About the workshop:
i.Four main objectives:

  • Enhancing stakeholder knowledge about wildlife-origin disease risk analysis
  • Conducting a comprehensive gap analysis of India’s risk assessment and management
  • Simulating disease spillover scenarios
  • Promoting communication and awareness among relevant stakeholders.

ii.The workshop comprised seven sessions, including two dedicated to risk analysis simulations (one for disease X and one specific to India).
What is One Health?
‘One Health’ is an integrated, unifying approach to balance and optimise the health of people, animals and the environment.

  • It is particularly important to prevent, predict, detect, and respond to global health threats such as the COVID-19 pandemic.

Additional info:
i.COVID-19 showed countries need to be better prepared for future pandemics.
ii.WOAH is working with Quadripartite, including the United Nations Food and Agriculture Organization (FAO), World Health Organization (WHO), and United Nations Environment Programme (UNEP), to address these critical issues.
About Ministry of Fisheries, Animal Husbandry and Dairying:
Union Minister – Parshottam Rupala (Rajya Sabha – Gujarat )
Minister of State – Sanjeev Kumar Balyan (Muzaffarnagar, Uttar Pradesh) ; L. Murugan (Rajya Sabha – Madhya Pradesh)
About World Organisation for Animal Health (WOAH)
Director General – Monique Eloit
Headquarters – Paris, France
Established in – 1924


Union Minister Parshottam Rupala Launches Shrimp Crop Insurance SchemeUnion Minister Parshottam Rupala, Ministry of Fisheries, Animal Husbandry and Dairying (MoFAHD), launched Shrimp Crop Insurance scheme developed by Agriculture Insurance Company of India Limited (AIC) with the support of Indian Council of Agricultural Research (ICAR) – Central Institute of Brackishwater Aquaculture (CIBA).

  • The scheme was launched during the ICAR-CIBA’s  2nd edition of Shrimp Farmers Conclave 2023 at the Navsari Agricultural University Campus in Navsari, Gujarat on 14th September 2023.

Key people:
i.The conclave was inaugurated by union minister Parshottam Rupala.

  • C.R. Patil, Member of Parliament(MP-Lok Sabha) (Navsari constituency) participated in the Conclave as Guest of Honour.
  • Grija Subramanian, Chairman cum Managing Director of AIC, Dr. J. K. Jena, Deputy Director General (Fisheries) of ICAR, Dr. Kuldeep K Lal, Director, ICAR-CIBA, and other senior officials were present during the event.

About AIC’s Shrimp Crop Insurance scheme:
i.AIC developed the Shrimp Crop Insurance scheme in collaboration with ICAR-CIBA.
ii.The AIC’s Shrimp Crop Insurance scheme is open for black tiger prawn, white leg shrimp, scampi and others.

  • The insurance coverage extends from the first stage to 130 days, or until the shrimps are fully matured.

About the ICAR- CIBA’s Shrimp Farmers Conclave:
i.Shrimp Farmers Conclave provided a forum for aqua farmers to share insights, debate difficulties, and explore potential in the shrimp farming industry, aligned with the government’s goals to improve India’s fisheries and aquaculture sectors.

  • The conclave was conducted with the financial support of the National Fisheries Development Board (NFDB), Govt. of India under the PMMSY scheme, NABARD, SCAFi and Agricultural Insurance Corporation Ltd.

Highlights of the Conclave:
i.During the conclave, CIBA signed 2 Memorandums of Understanding (MoU):

  • CIBA signed a MoU with National Fisheries Development Board (NFDB) for implementing the crop insurance for aquaculture with premium subsidy offered by the NFDB.
  • CIBA also signed a MoU with Fish Farmers Producer Organization (FFPO) of Gujarat to offer technology support.

iii.Rupala handed over a cheque for Rs 40.05 lakhs in revenue earned by Scheduled Castes (SCs), Scheduled Tribes (STs), and Cage Culture beneficiaries in the Navsari region through the adoption of CIBA technology for livelihood development supported by Navsari Gujarat Research Center (NGRC)-CIBA scientists.

  • He also handed over the CIBA produced Asian sea bass fish seeds to the farmers.

iv.During the conclave, farmers were explained how to report emerging disease pathogens in the “Report Fish Disease APP”.
Additional info:
Under the Pradhan Mantri Matsya Sampadan Yojana(PMMSY), ICAR-CIBA is implementing a project titled “Genetic improvement program of Penaeus indicus (Indian white Shrimp)-Phase-I” with a budget of Rs. 25 crores to create a National Genetic Improvement Facility for Shrimp breeding.
About Agriculture Insurance Company of India Limited (AIC):
Chairman-cum-Managing – Girija Subramanian
Headquarters – New Delhi, Delhi
 Incorporated – 2002


Andhra Pradesh’s Sweet ‘Atreyapuram Pootharekulu’ gets GI tagGeographical Indications Registry(GIR) has granted Geographical Indication(GI) tags to Andhra Pradesh’s ‘Atreyapuram Pootharekulu’, a sweet made of rice and jaggery.

  • GIR under the Department of Industry Promotion and Internal Trade (DIPIT), the Ministry of Commerce and Industry (MoCI) had registered ‘Atreyapuram Pootharekulu’ sweet variety under the ‘Food Stuffs’ category.
  • Atreyapuram is a village in Konaseema district of Andhra Pradesh.

Key points:
i.GI Certificate Handover Ceremony was held at the Damodaram Sanjivayya National Law University(DSNLU), Visakhapatnam on the occasion of the  national workshop on “Geographical Indications and GI Certificate Handover Ceremony for Atreyapuram Pootharekulu”

  • The event, organised by the Centre for Intellectual Property Rights and Technology Group, brought together experts and dignitaries.

ii.The GI tag was granted to Sir Arthur Cotton Atreyapuram Putharekula Manufacturers Welfare Association with a validation period from 14th June 2023 to 12th December 2031.
About Putharekula:

i.Putharekula is the wafer-thin rice starch layer resembling paper and is stuffed with sugar, dry fruits and nuts.

  • Putharekula means ‘coated sheet’ in the Telugu. pootha means ‘coating’ and reku (plural rekulu) means ‘sheet’.
  • The sweet makers prefer the MTU-3626 paddy variety locally known as ‘Bondalu’ which is extensively grown in the Konaseema region to make the sweet.

 About GI tags:
i.Geographical Indication (GI) marked items provide a guarantee of quality and distinctiveness that primarily relates to their origin.
ii.As a member of the World Trade Organisation (WTO), India adopted the Geographical Indications of Goods (Registration and Protection) Act, 1999, which came into effect on September 15, 2003.
About Andhra Pradesh:
Chief Minister- Y.S. Jagan Mohan Reddy
Governor- S. Abdul Nazeer
Festivels – Ugadi,Makar Sankranti,Lumbini festival


India and Russia Agreed to Train Indian Seafarers in Polar and Arctic WatersIndia and Russia agreed to train Indian seafarers in polar and arctic waters at the Russian Maritime Training Institute in Vladivostok, Russia which is named after GI Admiral Nevelsky, and equipped with simulator facilities.

  • The decision to train Indian seafarers took place during a meeting between the Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal and A.O. Chekunkov, the Minister of the Russian Federation for the Development of the Far East and the Arctic in Vladivostok, Russia.
  • Union Minister Sarbananda Sonowal also participated in the 8th Eastern Economic Forum meeting held in Vladivostok, Russia from 10th -13th September 2023.

Key points:
i.India and Russia are set to explore the possibility of using new transport corridors such as the Northern Sea Route (NSR) as well as the Eastern Maritime Corridor (EMC) between Vladivostok and Chennai to widen maritime cooperation.
ii.India also invited Russia to participate in the Global Maritime India Summit 2023, set to be held from 17th to 19th October in Mumbai, Maharashtra.
Eastern Maritime Corridor(EMC):
i.Eastern Maritime Corridor is set to connect between Chennai(Tamil Nadu) and Vladivostok which is located on the Golden Horn Bay north of North Korea and a short distance from Russia’s border with China.

  • The distance between the Chennai-Vladivostok sea route is about 5,600 nautical miles (10371 kilometers).
  • EMC could reduce the transit time between Indian and Russian ports in the Far East Region by up to 40%, from 40 days to 24 days.

ii.Sonowal extended an invitation to an Indo-Russian workshop on the EMC, set to be held from 30th October to 1st November 2023 in Chennai, Tamil Nadu.
Northern Sea Route(NSR):
i.The Northern Sea Route runs along Russia’s northern coastline and is the shortest shipping route between East Asia and Europe.

  • The Route, which spans 5,600 km, begins at the boundary between the Barents and Kara seas (Kara Strait) and finishes at the Bering Strait (Provideniya Bay).
  • NSR saves travel distance by as much as 50% compared to the currently used Suez or Panama routes.

About Russia:
President – Vladimir Putin
Capital– Moscow
Currency– Russian Ruble


RBI releases list of 15 NBFCs in ‘Upper Layer’ under SBRi.On September 15, 2023, the Reserve Bank of India (RBI) released the names of 15 Non-Banking Financial Companies (NBFCs) in the Upper Layer (UL)/NBFC-UL under Scale Based Regulation for NBFCs for the year 2023-24.
ii.In 2021, RBI issued the Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs (the framework) which categorizes NBFCs in NBFC-BL (Base Layer), NBFC-ML (Middle Layer), NBFC-UL (Upper Layer), and NBFC-TL (Top Layer) as per their asset size and scoring methodology.
iii.The list of NBFC-UL for 2023-24 include LIC Housing Finance Limited, Bajaj Finance Limited, Shriram Finance Limited (formerly Shriram Transport Finance Company Limited), among others.
About Reserve Bank of India (RBI):
Governor – Shaktikanta Das
Deputy Governors – Swaminathan Janakiraman, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra


Indian Bank Launched ‘IB SAATHI’ to enhance banking servicesIndian Bank has launched a new initiative called IB(Indian Bank) SAATHI (Sustainable Access and Aligning Technology for Holistic Inclusion), to provide basic banking services at all centres for a minimum of four hours per day in fixed outlets through the business correspondent (BC) channel.

  • The initiative was launched by Shanti Lal Jain who is the Managing Director(MD) and Chief Executive Officer(CEO) of Indian Bank in Chennai, Tamilnadu.
  •  The program makes it easier for customers to access and use banking services, and it also offers both basic and value-added services to customers.

Additional BCs & CBCs:
To implement the initiative, Indian Bank needs to have more than 5,000 newly appointed new BCs (by March 2024) along with 15 Corporate Business Correspondents (CBCs).

  • Presently, they have only 10,750 BCs and 10 CBCs.
  • Indian Bank offers 36 different services to customers through its BC channel.

Business Correspondent:
They are individuals or entities appointed by banks to bring banking services closer to people in remote or underserved areas.

  • These agents play a crucial role in expanding the reach of banking services to communities that may not have easy access to traditional bank branches.

Additional info:
Indian bank is planning to introduce 60 more services through BCs by FY2024-25.
About Indian Bank:
Managing Director(MD) & Chief Executive Officer(CEO) – Shanti Lal Jain
Headquarters – Chennai, Tamil Nadu
Established in – 1907
Tagline – Your own bank


Morning Consult Survey: PM Modi Retained the Most Popular Global Leader title with 76% rating
According to the “Global Leader Approval Rating Tracker” survey released by the United States of America(USA) based consulting firm Morning Consult, Narendra Modi, Prime Minister (PM) of India has been named the “Most Popular Global World Leader” with an approval rating of 76% (highest in the world). Modi received 18% disapproval and 5% did not give an opinion.

  • Previously Modi topped the list in 2022 and 2021 as “Most Popular Global Leader ”.
  • Alain Berset, President of Switzerland is ranked 2nd (64%) followed by Andres Manuel Lopez Obrador, President of Mexico at 3rd rank (61%).

Leaders among the Top 5 include Luiz da Silva, President of Brazil (4th – 49%); Anthony Albanese, PM of Australia (5th – 48%).


Swachhata Special Campaign 3.0 Portal Launched to Reduce Pendency in Govt OfficesOn 14th September 2023, Dr. Jitendra Singh, Minister of State (Independent Charge)  Science and Technology, launched dedicated website to monitor Swachhata Campaign 3.0 and Special Campaign for Disposal of Pending Matters (SCDPM) 2023 at National Media Centre, New Delhi, Delhi.

  • The Department of Administrative Reforms and Public Grievances (DARPG) under the Ministry of Personnel, Public Grievances and Pensions is the Nodal Department for the implementation of this Campaign.
  • The portal is designed, developed & hosted by the National Informatics Centre (NIC), Ministry of Electronics & Information Technology (MeitY).

Note: The Swachhata campaign, a mass awareness campaign, was 1st launched by Prime Minister (PM) Narendra Modi on August 15, 2014.
Key People:
The launch ceremony was attended by Nodal Officers of Public Grievances and Appellate Authorities in all the 84 Ministries/Departments of Government of India.
Special Campaign 3.0:
i.The government will organise Special Campaign 3.0 on the lines of the Special Campaigns held in 2021 and 2022 on the same theme.
ii.Under this Special Campaign, the target has been set to undertake a cleanliness campaign at 1.5 lakh sites, freeing up 100 lakh square feet of space that is occupied by dump and junk items and generating revenue amounting to Rs. 400 crore from scrap disposal.

  • In the last two campaigns, revenue amounting to Rs. 600 crores was earned by disposing of office scrap.

Objective: To improve the overall cleanliness of government offices and enhancing public experience.
Phases: The Special Campaign 3.0 will be organised in 2 phases: Preparatory phase ( September 15 to 30, 2023) & Implementation phase ( October 2 to 31, 2023):

  • During Preparatory phase, Ministries/Departments will mobilise the offices or officers and ground functionaries for the campaign, identify the pendency in selected categories and finalize the campaign sites and appoint nodal officers in each of their campaign offices, arrange training for the nodal officers, and assess the volume of redundant materials to be disposed of, and finalise the procedures for their disposal.
  • The Implementation phase will focus on Swachhata and reducing pendency in Government Offices with a saturation approach. In this phase ministries and departments will utilise the campaign to improve record management and document the best practices that evolved during the campaign.

Note: The Cabinet Secretary addressed all Secretaries of the Government of India on 25th August 2023 and DARPG guidelines for the same were issued on 1st September 2023.
Highlights:
i.DARPG has launched a compendium of 300 Best Practices which will be implemented by all Government Ministries and Departments and published widely through media, highlighting the ‘Whole of Government’ and ‘Whole of Science’ approaches” .
ii.On the occasion, the Special Campaign 3.0 Guidelines and Special Campaign Progress from December 2022-July 2023 and Monthly Report of Secretariat Reforms for June-July, 2023 were also released.


Supreme Court of India onboards the National Judicial Data Grid PortalChief Justice of India (CJI) D Y Chandrachud announced that the Supreme Court of India (SCI) has onboarded the National Judicial Data Grid  (NJDG) portal, a flagship project of the e-Courts initiative. The NJDG portal is a national repository of data relating to cases instituted, pending, and disposed of by various courts across India.

  • The integration of the SCI into the NJDG portal signifies the successful completion of the e-Courts project, bringing all three tiers of the Indian judiciary onto the NJDG platform.
  • NJDG is ‘sui generis‘ (meaning ‘of its own kind’ in Latin), so uploading data on the NJDG will ensure transparency and accountability in the judicial domain.

NJDG Portal:
i.It has been developed by the National Informatics Centre (NIC) in close coordination with the in-house software development team of the SC Registry’s computer cell with an interactive interface and analytics dashboard.
ii.The entire database will be periodically updated on the NJDG portal on a real-time basis. The NJDG-SCI portal can be accessed through the SC website.
iii.To date, the NJDG portal remains unparalleled, providing citizens with easy access to crucial information about the Indian judicial system at the click of a button.
iv.Now, with the click of a button, one can see real-time information on the pendency and disposal of cases, year-wise, the total pendency of registered and unregistered cases, and also the number of cases decided quorum-wise.
Benefits of NJDG Portal:

  • Increased transparency
  • Accountability and responsibility
  • Improved efficiency
  • Increased coordination
  • Informed decision making
  • Optimum deployment of resources and manpower
  • Single source of data
  • Huge potential for high-quality research work

Key Points:
i.The information available on the NJDG-SCI portal would include the current pendency of civil and criminal cases, filing and disposal of cases in the previous month, number of cases pending before three-judge, five-judge, and even nine-judge Benches.
ii.NJDG is recognized as a significant innovation under the ease of doing business initiative of the Government of India.

International Day for the Preservation of the Ozone Layer 2023- September 16 The United Nations (UNWorld Ozone Day or International Day for the Preservation of the Ozone Layer is annually observed on September 16 to raise awareness about the importance of the ozone layer and its depletion that leads to global warming and climate change across the world.

  • The day also aims to bring attention to the significance of preserving the Ozone layer. This day is also known as “Global Ozone Day.”

The 2023 theme of the International Day for the Preservation of the Ozone Layer is, “Montreal Protocol: fixing the ozone layer and reducing climate change.”

  • The theme highlights and reiterates the positive impact of the Montreal Protocol on ozone layer recovery and reducing climate change.

Background:
i.On 19 December 1994, the United Nations General Assembly (UNGA) adopted a resolution A/RES/49/114 and proclaimed September 16 as International Day for the Preservation of the Ozone Layer.
ii.The first International Day for the Preservation of the Ozone Layer was observed on 16 September 1995.


International Red Panda Day 2023 – September 16International Red Panda Day (IRPD) is annually observed across the globe on the 3rd Saturday of September to create awareness about the importance of the conservation of Red Pandas and to promote and encourage people to save them.

  • International Red Panda Day (IRPD) 2023 was observed on 16th September 2023.
  • The IRPD 2022 was observed on 17th September 2022. The IRPD 2024 will be observed on 21st September 2024.

Red Pandas are widely found in the forest mountains of Nepal, India, Bhutan, China, and Myanmar.
About Red Panda Network (RPN)
Founder – Brian Williams
Headquarters – Oregon, United States of America(USA)
Established in – 2007

International Coastal Clean-up Day 2023 – September 16 International Coastal Clean-up (ICC) Day is annually observed across the world on the 3rd Saturday of September to raise awareness of the problem of marine litter. This day aims to encourage people to clean up the coastal line and raise awareness about the significance of preserving the oceans and waterways.

  • It is a global event that promotes local clean-up actions on beaches, coastal areas, rivers, lakes, and other watercourses.

International Coastal Clean-up Day 2023 was observed on 16th September 2023.

  • ICC Day 2022 was observed on 17th September 2022.
  • ICC Day 2024 will be observed on 21st September 2024.

Background:
i.International Coastal Cleanup movement was first organised by the Ocean Conservancy, an organization to protect the ocean from today’s greatest global challenges.
ii.The first-ever International Coastal Clean-up event was hosted by Linda Maraniss and Kathy O’Hara, the members of Ocean Conservancy on the west coast of Washington State, the United States of America(USA) in 1986.
About Ocean Conservancy:
Chief Executive Officer– Janis Searles Jones
Headquarters– Washington, D.C., USA
Founded in– 1972


Goa CM Pramod Sawant Launched Griha Adhar Scheme to Empower Homemakers Pramod SawantGoa Chief Minister (CM) distributed Griha Adhar sanction orders to numerous beneficiaries in an event held at Ravindra Bhavan, Sankhali (Goa), to financially support homemakers, promoting their independence and improving their quality of life.

  • The initiative was organised by the Directorate of Women and Child Development.
  • The CM also launched the Chavath-e-Bazaar, aimed at empowering Goan entrepreneurs and Self-help Groups (SHGs), a digital initiative under the Swayampura Goa Programme organised by the Directorate of Planning, Statistics, and Evaluation.
  • The CM also flagged off the Chavath-e-Bazaar vehicle, symbolizing a new era of empowerment for rural artisans and entrepreneurs in Goa.

Griha Adhar scheme:
Griha Adhar is an exemplary scheme, that has now benefited a total of 1.5 lakh women beneficiaries. More than 3 lakh families benefit with Griha Adhar and Dayanand Samajik Suraksha Yojana schemes(DSSS).

  • Goa Government provide Rs.2,000 under DSSS and Rs.1,500 under Griha Aadhar.

Chavath e-bazaar:
i.Chavath e-bazaar.com aims to empower women in line with the Government of India’s (GoI) vision of “Vocal for Local” by providing them with a unique opportunity to become an entrepreneur by starting and growing their businesses online.

  • Under Swayampurna Goa 2.0, free-of-cost training will be given to women at their respective panchayats, for packaging the food items, selling, and other related things.

ii.It is an online portal integrated with the Swiggy app for seamless ordering, this innovative platform is set to revolutionize the way Goan entrepreneurs and SHGs sell their products online.
iii.Chavath e-bazaar is also accessible through its website, https://www.goaebazaar.com/ to support the rich tradition of Goan artisans and craftsmanship.
Goa CM Launched ‘Goa Taxi App’ To Elevate Travel Experience for Tourists
On 15 September 2023, Pramod Sawant, Goa CM launched the “Goa Taxi App“, a taxi service app through which people can book a cab online to travel anywhere within the coastal state.It is 24/7 booking service.

  • This app will also bring down the traveling cost for tourists, to address the issue of extremely high taxi fares in Goa.
  • “Goa Taxi App” has been operational at the Manohar International Airport (MIA), MoPA (Goa) for the last 6 months.

Key People:
The CM launched the “Goa Taxi App” in the presence of Rohan Khaunte, Minister of Tourism, Goa; Ganesh Gaonkar, Chairman, Goa Tourism Development Corporation (GTDC) and Suneel Anchipaka, Director of Tourism department.


TN CM Launches Women’s Rights Grant Scheme; Beneficiaries to get Rs 1000/month
Chief Minister (CM) of Tamil Nadu(TN) M K Stalin launched Kalaignar Magalir Urimai (Thogai) Thittam, a women’s rights grant scheme, to provide financial assistance of Rs 1000 per month for women, who are recognised as the heads of families.

  • The scheme was launched on the occasion of the birth anniversary of former TN CM and Dravida Munnetra Kazhagam (DMK) founder C.N. Annadurai(15th September).

This was one of the 7 assurances given by Stalin in the run-up to the 2021 Assembly elections.
The grant of Rs 12,000 per annum is set to improve the livelihood of women, enhance their standard of living and enable them to live with self-respect in society.
Eligibility: 
i.Families earning annual income below Rs 2.5 lakh; holding less than five acres of wetland or less than ten acres of dryland; and consuming less than 3,600 units of electricity per year for domestic use are eligible for the scheme.
ii.A woman, from an eligible family, aged above 21 years of age (born before September 15, 2002), is qualified to be a beneficiary of the scheme. The Women beneficiary should be a Permanent Resident of Tamil Nadu.
iii.Families receiving Pension/Family pension from the Government are not eligible for the benefit under this scheme.


J&K’s Udhampur Railway Station Renamed after Capt. Tushar Mahajan
The Jammu and Kashmir (J&K) administration has passed an order to rename the Udhampur railway station in Udhampur district of J&K as “Martyr Captain Tushar Mahajan Railway Station”. 

Current Affairs – 20 September 2023

DAC Gives Nod to Rs.45,000 Crores Worth Proposals for Defence

The Defence Acquisition Council (DAC), in its meeting on 15th September 2023, under the chairmanship of Defence Minister Rajnath Singh, granted Acceptance of Necessity (AoN) for capital acquisition proposals of various weapons systems and platforms amounting to Rs 45,000 crore ($5.41 billion). These proposals further strive to strengthen the operational capabilities of the Indian Defence Forces and increase the incorporation of indigenous content in defence projects.
The Defence Acquisition Council (DAC) has granted approval for nine procurement proposals, and all these procurements will be sourced from indigenous vendors under Buy Indian-Indigenously Designed Developed and Manufactured (IDMM) category.


Unified Portal for Agricultural Statistics Launches to Provide Credible Data on Agriculture SectorProfessor Ramesh Chand, Member of National Institution for Transforming India(NITI) Aayog, launched Unified Portal for Agricultural Statistics (UPAg) developed by Department of Agriculture and Farmers’ Welfare(DoA&FW), under the Ministry of Agriculture & Farmers Welfare(MoA&FW) to address data related governance challenges in agriculture.
About Unified Portal for Agricultural Statistics(UPAg)
i.Unified Portal for Agricultural Statistics(UPAg) is an advanced agricultural data management platform that generates crop estimates and integrates with other systems providing Agriculture Statistics such as Price, Trade, Procurement, and Stock.

  • It acts as a centralised hub for near real-time information on crop production, market trends, price, and other essential agricultural data.

ii.UPAg intends to help agriculture stakeholders, including policymakers, researchers, and farmers, by offering complete insights to enable informed decision-making.
iii.The initiative aligns with e-governance principles, bringing smartness, transparency, and agility to India’s agriculture sector.
Key Features of UPAg Portal:
The UPAg portal will offer features like data standardisation, data analysis, granular production estimates, commodity profile reports, and plug and play.
i.Data Standardization: The portal standardises data on prices, production, area, yield, and trade, making it available in a single location and removing the need to assemble data from numerous sources.
ii.Data Analysis: UPAg Portal will use advanced analytics to provide data including production trends, trade correlations, and consumption patterns to policymakers, allowing them to make more educated decisions.
iii.Granular Production Estimates: The portal will generate more frequent granular production estimates, boosting the government’s capacity to respond quickly to agricultural problems.
iv.Commodity Profile Reports: Commodity profile reports will be generated utilising algorithms, reducing subjectivity and offering customers comprehensive insights.
v.Plug and Play: Users will be able to create their own reports using the portal’s data, fostering data-driven decision-making.
Additional info:
As per the third advance estimate of the production of major crops for the agricultural year 2022-23, the top five rice production states are Telangana, West Bengal, Uttar Pradesh, Punjab and Odisha.


PM Narendra Modi dedicates Phase 1 of IICC-Yashobhoomi in New Delhi; Launches PM Vishwakarma Schemei.On September 17, 2023, i.e. on the occasion of Vishwakarma Jayanti, the Prime Minister (PM) of India Narendra Modi dedicated the Phase -1 of the India International Convention and Expo Centre (IICC), also known as Yashobhoomi to the nation located in Dwarka Sector 25, New Delhi, Delhi.
ii.He also launched PM Vishwakarma Scheme covering 18 focus areas of artisans and craftsmen along with its logo, tagline and portal.
iii.Built at a cost of approximately Rs. 5400 crore, IICC is one of the world’s largest MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities, featuring India’s first indoor arena with a retractable roof.
iv.IICC is India’s largest convention and exhibition centre with a total indoor area of 300,000m2.
v.Department for Promotion of Industry and internal Trade (DPIIT) had set up a 100% Government owed company namely India International Convention & Exhibition Centre (IICC) Limited to implement, and develop the project.
About India International Convention & Exhibition Centre (IICC) Limited:
Managing Director & CEO–  Sumita Dawra ((Special Secretary, Department for Promotion of Industry and Internal Trade(DPIIT), Ministry of Commerce & Industry(MCI))
Headquarter– New Delhi, Delhi
Establishment– 2017


Karnataka’s Sacred Ensembles of the Hoysalas & West Bengal’s Santiniketan Inscribed on UNESCO’s World Heritage ListSantiniketan in West Bengal(WB) and Sacred Ensembles of the Hoysalas in Karnataka were inscribed on the  United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage list.

  • Santiniketan is the 41st and Sacred Ensembles of the Hoysalas is the 42nd World Heritage site in India.
  • Both were listed under the Cultural heritage category.

This was announced during the 45th extended session of the World Heritage Committee of UNESCO being held in Riyadh, Kingdom of Saudi Arabia from 10 to 25 September 2023.
About United Nations Educational, Scientific and Cultural Organization(UNESCO):
Director-General – Audrey Azoulay
Headquarters – Paris, France
Established in – 1945 (came into force in 1946)


India is Ranked 52nd in Digital Quality of Life Index 2023; France topsAccording to the 2023 Digital Quality of Life(DQL) Index, the 5th edition of the annual DQL Index by Surfshark Limited, India has raised to 52nd rank with a ranking index of 0.5154 from 59th rank in 2022.

  • The Index featuring 121 countries is topped by France with a ranking index of 0.7902 followed by Finland, Denmark, Germany and Luxembourg.
  • In Asia(regional ranking) India is ranked 13, with Singapore (global rank 10) at the top.
  • Internet affordability
  • Internet quality
  • Electronic infrastructure (e-infrastructure)
  • Electronic security(e-security)
  • Electronic government (e-government)

These pillars have 14 indicators that help to measure the overall digital quality of life.
India’s ranking in these 5 pillars:
Internet Affordability – 28th rank, Internet Quality -16th rank, Electronic Infrastructure – 91st rank, Electronic Security – 66th rank and Electronic Government – 35th rank.
Take away from the survey:
The survey pointed out that India’s internet quality is 36% higher than the global average.
India is not prepared to fight against cybercrime, and It has very low data protection laws.
About Digital Quality of Life Index 2023
i.The Digital Quality of Life (DQL) Index reveals insights into factors that impact a country’s digital wellbeing and areas that should be prioritised for future improvement.

  • The study offers a unique perspective into a country’s digital quality of life.

ii.The study covers 90% of the world population.
iii.DQL Index 2023 includes 4 more countries than the previous edition. The new countries are Venezuela, Kuwait, Benin, and Burkina Faso.
iv.The results are comparable with the previous three editions. So that a country’s digital progress can be easily tracked.


Ujjivan Small Finance Bank Introduces Maxima Savings Account, Business Maxima Current AccountUjjivan Small Finance Bank Limited (Ujjivan SFB) has launched the Maxima Savings Account and Business Maxima Current Account which is designed exclusively for medium and large business entities.

  • Both the accounts offer a RuPay Select Debit Card that provides access to wellness services, exclusive merchant offers, airport lounge access, and a premium health checkup.

Key features of the Maxima Savings Account:
i.Annual interest rate on the Maxima Savings Account up to 7.5%.
ii.Customers can open the account with  Rs 1 lakh.
iii.Flexibility to maintain Rs 15 lakh or more in Fixed Deposits(FD) to meet the balance eligibility criteria(this option is not available with other standard savings accounts).
iv.Complementary Health Prime Benefit is offered for eligible customers.
v.Other benefits: Higher transaction limits, Free cheque and Demand Draft (DD) issuances, Free transactions across all channels and unlimited cash deposits and withdrawals at any Ujjivan SFB branch.
Key features of the Business Maxima Current Account:
i.Business Maxima Current Account provides businesses and entrepreneurs with a comprehensive suite of services designed to meet their unique needs.
ii.The account offers facilities like online banking, instant fund transfers, and cash management options.
iii.It provides provision for customising cash deposit limits for businesses.
iv.ATM withdrawal limit per day is capped at Rs 5 lakhs per day.
v.Business account holders will have access to specialised relationship managers for personalised banking support
vi.Other benefits: Account services for merchants, Free installation and rental fees for POS (Point of Sale) services.
About Ujjivan Small Finance Bank Limited:
Managing Director – Ittira Davis
Headquarters – Bengaluru, Karnataka
Established in – 2017


NHAI Signs Agreement to Develop Multi Modal Logistics Park at Bengaluru
National Highways Logistics Management Ltd (NHLML), has signed an agreement for the development of Multi Modal Logistics Park (MMLP) in at Muddelinganahalli in Bengaluru, Karnataka.

  • The agreement was signed between the Government Special Purpose Vehicle (SPV) Bengaluru MMLP Private Limited and  Concessionaire SPV PATH Bengaluru Logistics Park Pvt. Ltd.

Note: Bengaluru MMLP is a Government SPV incorporated between NHLML, Rail Vikas Nigam Limited (RVNL) and Karnataka Industrial Area Development Board (KIADB).  NHLML is the  subsidiary of the National Highways Authority of India (NHAI).
About Proposed MMLP:

  • The proposed MMLP will be developed under the Public Private Partnership (PPP) (Design, Build, Finance, Operate, and Transfer (DBFOT) model at an estimated cost of Rs 1,770 crore.
  • This project is set to become the first and largest MMLP ever implemented in the country under the PM Gati Shakti National Master Plan.
  • It will handle around 30 million metric tonnes (MMT) of cargo by the end of the 45-year concession period, offering a significant boost to industrial zones in the catchment region such as Bengaluru and Tumkur.

Why MMLP needed? 
MMLP is an initiative to enhance freight logistics by enabling effective inter-modal freight movement to reduce total freight costs and time, provide efficient warehousing, and improve consignment tracking and traceability.


33rd First Annual Ig Nobel Prize 2023: Team Including Indian Researcher Won 2023 Ig Nobel prizeThe 2023 Ig Nobel Prizes were awarded at the 33rd First Annual Ig Nobel Prize ceremony, on September 14, 2023. The Ig Nobel Prize is the prize for humorous scientific feats and aims to “honour achievements that first make people laugh, and then make them think.”

  • A team of scientists from India, China, Malaysia, and the United States of America (USA) has won the 2023 Ig Nobels, in the ‘Mechanical Engineering‘ category for re-animating dead spiders and using them as mechanical gripping tools.

2023 Ceremony:
i.The 2023 ceremony happened entirely as a webcast produced by a Magazine named ‘Annals of Improbable Research’.
ii.The prizes were awarded by genuine Nobel laureates. Each winner received a 10 trillion Zimbabwe dollar bill and a pack of “Ig Pseudo Cola.”
iii.A new additional companion event called ‘Ig Nobel Face-to-Face‘ has been organised for the 33rd First Annual Ig Nobel Prize winners on November 11, 2023, at the Massachusetts Institute of Technology (MIT) Museum, Cambridge (USA).
List of Winners of 2023 Ig Nobel Prizes
10 Categories of Ig Nobel Prize:
Chemistry and Geology; Literature; Mechanical Engineering; Public Health; Communication; Medicine; Nutrition; Education; Psychology; Physics.
Indian Researcher Team:
i.A team from Rice University in Texas, USA won the Mechanical Engineering Prize for re-animating dead spiders to use as necrobotic mechanical gripping tools, able to grasp objects up to 130% of their own weight.

  • The findings, published in the journal Advanced Science (July 2022), showed that spiders “are able to grasp objects greater than their own weight”.

Team members: Faye Yap, Zhen Liu, Anoop Rajappan (India), Trevor Shimokusu, and Daniel Preston.
ii.The team with a dead spider found that a dead spider’s legs naturally sit in a “closed” state like a clenched fist, but the legs can be extended, and the grip opened, by applying pressure.
iii.Using this “necrobotic” approach, the team created a spider-based gripper that could, grasp objects with irregular shapes.

  • The gripper can also serve as a handheld device and innately camouflages in outdoor environments.

Key Highlights of 2023 Events:
i.Winners of the prizes represented 22 countries, including 5 researchers from the USA, 4 from the United Kingdom, and 3 from China.
ii.The theme of the 2023 ceremony, evinced in the non-opera and other bits, was: WATER.
iii.The 2023 event included the premiere of 7 songs on the topic of water, plus eminent researchers explaining their subjects in just 24 seconds, and then in only 7 words.
About Ig Nobel Prize:
i.It is awarded every autumn to celebrate 10 unusual or trivial achievements in scientific research.
ii.‘Ig Nobel Prize’ is a pun on the Nobel Prize, which it parodies and on the word ignoble, an achievement ‘characterised by baseness or meanness’, and is satirical social criticism that identifies absurd yet useful knowledge.
iii.This award is the brainchild of Marc Abrahams, editor of the magazine ‘Annals of Improbable Research’.
iv.The awards have been presented since 1991 by genuine Nobel laureates usually at Harvard University in the United States of America (USA).


Vice President Jagdeep Dhankhar Conferred 84 artistes with Sangeet Natak Akademi Amrit Awards 2022On September 16, 2023, the Vice President of India Jagdeep Dhankhar presented the one-time Sangeet Natak Akademi Amrit Awards 2022  to 84 artistes from varied fields of performing arts during a ceremony at Vigyan Bhawan, New Delhi, Delhi.

  • The award was constituted to honour Indian artistes aged above 75 years who have not been accorded any national honour in their career so far.
  • A total of 84 artists, comprising 70 men and 14 women, were bestowed with this prestigious award at the ceremony.

Key People:
Arjun Ram Meghwal, and Meenakashi Lekhi, Ministers of State(MoS) for Culture and Dr. Sandhya Purecha, Chairman of Sangeet Natak Akademi were present during the award ceremony.
Key Points:
i.The list features artists from various Indian states viz. 3 from Andhra Pradesh, 2 from Arunachal Pradesh, 6 from Maharashtra, 3 each from Uttar Pradesh, Gujarat,  2 each from Punjab, and Delhi.
ii.4 award recipients each are from Bihar, Odisha, West Bengal, Manipur, Madhya Pradesh, Tamil Nadu, Kerala, and Karnataka, while 5 each from Assam and Rajasthan were recognized for their exceptional contributions.
Some of the Awardees:

  • The award includes a cash prize of Rs. 1 lakh, a Tamrapatra, and an Angavastram.

About Sangeet Natak Akademi:
Sangeet Natak Akademi is an autonomous body of the Ministry of Culture, Government of India.
The Chairman of the Akademi is appointed by the President of India and serves a 5-year term.
Chairman– Dr. Sandhya Purecha
Parent Ministry– Ministry of Culture
Headquarters– New Delhi, Delhi
Establishment– 1953


AAI Inducts two Advanced B-360 Aircraft into Flight Inspection Fleet
The Airport Authority of India (AAI) has inducted two new B-360 aircraft with advanced state-of-the-art Flight Inspection system into its Flight Inspection Unit(FIU)’s Fleet to carry out calibration of ground navigation and landing aids.

  • The induction of the new aircrafts was flagged off by Jyotiraditya Scindia, Union Minister of Civil Aviation in the presence of General (Dr.) Vijay Kumar Singh, Minister of State(MoS) for Civil Aviation and  Sanjeev Kumar, Chairman of AAI, at Safdarjung Airport, New Delhi, Delhi.
  • Flight inspection is crucial in achieving the best international standards specified by the International Civil Aviation Organisation (ICAO).
  • These aircraft will be used in Calibrating the Category I, II and III Instrument Landing Systems, Doppler Very High Frequency Omni Range(DVORs),Distance Measuring Equipment (DME), non-directional beacon (NDB), Radar, Ground Based Augmentation System (GBAS), Precision Approach Path Indicator (PAPI), Tactical Air Navigation System (TACAN) .

Note: FIU of AAI is a key component in the safety chain of Air Navigation Service provided by AAI in Indian airspace. FIU was established in 1959 in Bamrauli, Allahabad and was shifted to Safdarjung Airport in 1986.


SpaceX’s Falcon 9 Launches 2Starlink Satellites to LEO
On 15th September 2023, Space Exploration Technologies Corporation (SpaceX) launched 22 Starlink internet satellites into low-Earth orbit (LEO). A Falcon 9 rocket launched the Starlink spacecraft from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida, the United States of America(USA).

  • This was the fifth flight for the first stage booster supporting this mission, which previously launched Crew-6, SES O3b mPOWER, and two Starlink missions.
  • It returned to Earth about 8.5 minutes after liftoff on the SpaceX droneship ‘Just Read the Instructions’, which was stationed in the Atlantic Ocean off the Florida coast.
  • This launch marks SpaceX’s 65th mission of 2023 and the 49th from Florida’s Space Coast launch station.

India Wins the 16th Edition of Asia Cup 2023 Finals Defeating Sri Lanka India have lifted the Asia Cup for a record-extending eighth time after beating defending champions Sri Lanka in the Finals of Asia Cup 2023, at  R Premadasa Stadium in Colombo, Sri Lanka. 

  • The 16th Edition of Asia Cup 2023 was Co-hosted by Sri Lanka as well as Pakistan for the 1st time from 31 August to 17 September 2023.
  • With eight Asia Cup titles (seven ODI and one T20I), India becomes the most successful team in the history of tournament.
  • Man of the Match (Final)- Mohammed Siraj
  • Man of the Series- Kuldeep Yadav

About Asia Cup:
Inception Year– The Asia Cup cricket tournament commenced in 1984, in UAE (Winner – India).
Organizing Body- The Asian Cricket Council (ACC)
Asian Cricket Council President – Jay Shah


Diamond League 2023 Final: Neeraj Chopra Finishes Second in Javelin Throw
Tokyo 2020 Olympic Gold medallist Neeraj Chopra finished second place in the men’s javelin throw event at the Diamond League 2023 Final with a best throw of 83.80m.

  • Czech Republic’s Jakub Vadlejch won the men’s javelin throw title with a best throw of 84.24m while Finland’s Oliver Helander came third with an 83.74m throw.
  • The Diamond League 2023 Final was held in Eugene, Oregon, the United States of America(USA) from 16th to 17th September 2023.

Neeraj Chopra’s journey to the Diamond League 2023 Final:
i.PreviouslyNeeraj Chopra won the Doha(May 2023) and Lausanne legs(June 2023)of the 2023 Diamond League series while settling for the second position in the Zurich leg(August 2023).
ii.He was qualified for the Diamond League Final with 23 points from three meetings, whereas Jakub Vadlejch finished first with 29 points after competing in all four qualifying events.

  • In Diamond leagues, Athletes are awarded points along with the medals and the top eight athletes at the end of the Diamond league will qualify for the Diamond League Finals.

Highlights:
i.The 2023 title for Jakub Vadlejch was his third title in the Diamond League championships after he won the 2016 and 2017 Diamond League championships.
ii.Neeraj Chopra’s record in Eugene: Neeraj Chopra holds the record best throw of 88.13m in Eugene when he won the world championship silver medal in 2022.
About Diamond League:
i.The Diamond League is a series of athletic meets, comprising track and field events, held annually from 2010, organised by Monaco headquartered World Athletics.
ii.It was established to replace the International Amateur Athletic Federation IAAF Golden League, which had been held since 1998.
iii.The 2023 Diamond League is the 14th edition(sponsorship reason it’s called Wanda Diamond League), held from May 5, 2023- September 17, 2023.
Points to Note:
i.Neeraj Chopra had won the gold medal in the men’s javelin throw in the World Athletics Championships 2023 which was held in Budapest, Hungary in August 2023.
ii.Neeraj Chopra became the first Indian to win a Diamond League Trophy in 2022 at the Javelin Throw event with a throw of 88.44m.

World Patient Safety Day 2023- September 17 World Health Organization’s (WHOWorld Patient Safety Day is annually observed worldwide on 17 September to spread worldwide awareness about patient safety and promote actions to improve the safety of healthcare practices across the world.

  • The theme of WPSD 2023 observed on 17th September 2023 is “Engaging patients for patient safety“.
  • The slogan of WPSD 2023 is “Elevate the voice of patients!”.

The 2023 theme emphasises the pivotal role patients, families, and caregivers play in ensuring the safety of healthcare practices.
Background:
i.World Patient Safety Day was established in May 2019 by the 72nd World Health Assembly (WHA) through the adoption of resolution WHA72.6, “Global action on patient safety”.
ii.The resolution recognizes patient safety as a global health priority and endorses the establishment of World Patient Safety Day to be observed annually on 17 September.
iii.The first WPSD was observed on 17 September 2019.
Note: The 3rd WHO Global Patient Safety Challenge: Medication Without Harm, was launched in 2017 as a multiyear initiative with the goal of reducing severe, avoidable medication-related harm globally by 50% over a period of 5 years.
NATHEALTH, Healthcare Federation of India on the occasion of WPSD 2023, signed a Memorandum of Understanding (MoU) with the National Accreditation Board for Hospitals and Healthcare Providers (NABH), to promote and enhance patient safety and improve healthcare quality.

  • This collaboration represents a significant step to ensure patient safety and improve the quality of healthcare services across India.

World Bamboo Day 2023 – September 18 World Bamboo Day is annually observed across the globe on September 18 to create awareness about bamboo and to bring the potential of bamboo to a more elevated exposure.

  • The annual observance of World Bamboo Day is led by the World Bamboo Organisation (WBO), an international coordinating body for bamboo practitioners.

Background:
i.In 2009, during the 8th World Bamboo Congress in Bangkok, Thailand the WBO, with the support of the Royal Forest Department of Thailand, formally recognised 18th September as World Bamboo Day.

  • The observance was initiated by Kamalesh Salam from Assam who served as the President of WBO from 2007 to 2009.

iii.The 1st ever Bamboo Day was celebrated on 18th September 2009 in Bangkok, Thailand.
The 18th of September is annually observed as the Royal Thai  Forest Day in Thailand.
About World Bamboo Organisation(WBO):
WBO was initially founded as the “International Bamboo Association (IBA)” in 1992 and later renamed as the “World Bamboo Organization”.
Executive director & CEO  – Susanne Lucas
Headquarters – Boston, Massachusetts,United States of America(USA)

International Equal Pay Day 2023- September 18The United Nations (UNInternational Equal Pay Day is annually observed across the world on 18 September to represent the longstanding efforts towards the achievement of equal pay for work of equal value.

  • The day also aligns with the UN’s commitment to human rights and the eradication of all forms of discrimination, including gender-based disparities against women and girls.

Essay 95: Kindness

Kindness is an essential virtue that every person should possess. It is the act of being considerate, helpful, and caring towards others without expecting anything in return. Kindness requires empathy, sympathy, and compassion towards others; it is a selfless act of love that brings joy, happiness, and peace to others’ lives. Kindness is not restricted to any particular race, religion, or culture; it is a universal language that can be understood and appreciated by everyone.

Kindness has a significant impact on society. It promotes harmony, cooperation, and unity among people. Kindness helps to create a positive environment where people can live, work, and play together in peace and harmony. When people display acts of kindness towards each other, it creates a ripple effect that spreads throughout the community, inspiring others to be kind and compassionate towards one another.

Moreover, kindness is crucial in building strong and healthy relationships. It strengthens the bond between individuals and enhances their emotional and mental well-being. When we are kind to others, it makes them feel valued, appreciated, and loved. This, in turn, fosters trust, respect, and loyalty in relationships. Kindness promotes forgiveness, understanding, and acceptance, which are essential ingredients of a healthy relationship.

Furthermore, kindness is vital in promoting mental health and well-being. When we are kind to others, it brings a sense of satisfaction, purpose, and fulfillment. Kindness helps to reduce stress, anxiety, and depression, which are prevalent mental health disorders in today’s society. When we help others, it boosts our self-esteem and confidence, making us feel good about ourselves.

In conclusion, kindness is a fundamental value that should be embraced by everyone. It promotes social harmony, healthy relationships, and mental well-being. Kindness is contagious and can inspire others to be compassionate and caring towards one another. Therefore, let us make kindness a habit and spread it wherever we go, and we will make the world a better place.

Essay 94: Moral Values

Moral values are principles that guide an individual or a society’s behavior and decision-making, based on what is considered right or wrong. These values help people distinguish between right and wrong, good and bad, just and unjust, and ethical and unethical behavior. Moral values are usually instilled in individuals during their childhood through teachings and experiences, and they play a significant role in shaping their personality, character, and perception of the world. These values are essential for creating a just and harmonious society and for building strong relationships based on trust, respect, and integrity. Some examples of moral values are honesty, kindness, empathy, fairness, respect, responsibility, and compassion.

Moral values are an essential aspect of human life, guiding our behavior and decision-making processes. They help us distinguish between right and wrong, good and bad, and acceptable and unacceptable behavior. These values are crucial for building and maintaining strong and healthy relationships, creating a just and harmonious society, and becoming responsible and ethical individuals.

Moral values are instilled in us during our childhood through teachings and experiences, and they continue to evolve throughout our lives. These values shape our attitudes, beliefs, and perceptions, influencing our behavior in every aspect of life. They help us develop empathy, compassion, respect, and integrity, which are essential for building strong and meaningful relationships with others.

One of the most crucial moral values is honesty. Honesty is the foundation of trust, and without trust, relationships and society cannot function properly. Being honest means being truthful and transparent, even when it is difficult or uncomfortable. It means taking responsibility for our actions and admitting our mistakes, rather than trying to cover them up or blame others.

Another essential moral value is kindness. Kindness means treating others with respect, empathy, and generosity. It means being considerate of others’ feelings and needs and making an effort to help and support them whenever possible. Kindness creates a positive and supportive environment, fostering strong relationships and a sense of community.

Respect is another vital moral value that helps us develop positive relationships with others. Respect means treating others with dignity, regardless of their background, beliefs, or opinions. It means acknowledging their rights and needs and being courteous and polite in our interactions with them.

Responsibility is also an essential moral value that helps us become accountable and reliable individuals. Responsibility means taking ownership of our actions and decisions, being dependable and trustworthy, and fulfilling our obligations and duties.

Finally, compassion is a moral value that helps us develop empathy and understanding for others. Compassion means being sensitive to other people’s struggles and pains and making an effort to support and comfort them whenever possible.

In conclusion, moral values are a fundamental aspect of human life, guiding our behavior, and shaping our personalities and characters. They help us create strong and meaningful relationships, build a just and harmonious society, and become responsible and ethical individuals. Honesty, kindness, respect, responsibility, and compassion are some of the most crucial moral values that we should strive to embody in our lives, both individually and collectively.

Essay 93: Laziness is Our Biggest Enemy

Laziness is a disease that affects most of us in our daily lives. It is a condition where we lack the motivation to do something, to be productive and make a change for ourselves, and society. Our biggest enemy is not external forces but the internal forces that hold us back, which includes laziness.

Laziness can manifest itself in various ways such as procrastination or lack of ambition, and it can lead to negative results. One of the significant dangers of laziness is that it creates a sense of complacency in individuals. For instance, students who are lazy to study and prefer to procrastinate tend to perform poorly in their exams. Similarly, employees who procrastinate tend to miss deadlines, which could have a significant impact on the company they work for.

Laziness can also contribute to negative health impacts. When people don’t have the motivation to exercise or eat healthily, they are more likely to experience health complications such as obesity, high blood pressure, and other lifestyle diseases. This can also lead to mental health issues such as depression, anxiety, and low self-esteem, which lower one’s quality of life.

Laziness can also deprive an individual of the opportunities they could have had if they had been more productive. For example, a person who lacks motivation may miss out on job promotions, scholarships, and other opportunities that require hard work and dedication. Moreover, laziness can be infectious and spread to other aspects of an individual’s life, leading to a lack of social interaction and ultimately isolation.

However, it is possible to overcome laziness and become more productive. The first step is to identify the cause of the laziness, whether it’s due to negative self-talk, fear of failure, or lack of motivation. Once identified, it is easier to tackle the issue head-on and adopt strategies to overcome it. This could include setting achievable goals, breaking down tasks into smaller steps, and incorporating rewards for accomplishing goals.

In conclusion, laziness is our biggest enemy. It is a condition that can lead to negative impacts on all aspects of our lives, from our physical and mental health to our productivity and career success. It is essential to recognize the symptoms of laziness and take steps to overcome it by setting achievable goals, breaking down tasks, and rewarding ourselves for our accomplishments. By doing so, we can overcome our biggest enemy and become more productive individuals who can achieve their goals and make a positive impact on the world.

Essay 92: Discipline

Discipline is defined as the practice of training oneself to do things in a controlled and orderly manner. It is essential to be disciplined to achieve success in any aspect of life. Be it in academics, sports, career, or personal life, discipline plays a crucial role in shaping our behavior and actions.

Discipline enables us to focus on our goals and work towards achieving them with determination and perseverance. A person who is disciplined follows a set routine and schedule, avoids distractions, and manages time efficiently. Such a person is more organized, productive, and motivated to succeed.

Discipline also helps in building good habits and breaking bad ones. It requires self-control and the ability to resist temptations. For instance, a student who is disciplined will not procrastinate and will complete assignments and study regularly. On the other hand, an undisciplined student may waste time on unproductive activities, leading to poor academic performance.

Discipline is also essential in sports. An athlete who practices discipline in training, nutrition, and rest is more likely to perform better and achieve their goals. They are less likely to get injured or burnout and can maintain their performance level consistently.

In career and personal life, discipline is critical for success. A disciplined person is reliable and responsible, and they can meet deadlines and fulfill commitments. They have better time management skills, reduce stress and increase productivity, leading to professional and personal growth.

In conclusion, discipline is the key to success. It is an essential aspect of our daily lives that helps us to achieve our goals, build good habits, and overcome challenges. Discipline requires commitment, self-control, and determination, but the rewards are worth it. By being disciplined, we can lead a successful and fulfilling life.

Essay: Creativity

Creativity is the ability to think outside the box, to come up with original and innovative ideas, and to use imagination to innovate and create something new. It is an essential aspect of human nature that has the power to solve problems, inspire change, and bring new perspectives to the world.

Creativity is not just about artistic talents, and it can be expressed in various fields, such as science, business, technology, and even politics. Creativity at its core is about exploring ideas and creating something new out of them. It requires a combination of curiosity, imagination, and the ability to think critically.

The process of creativity starts by observing the world around us, identifying problems, and looking for opportunities. Once we have identified a problem, we need to analyze it, break it down into smaller components, and start generating ideas to solve it. This is where creativity comes into play. We need to think outside the box, to explore uncharted territories and to challenge what we already know.

Creativity is not just about generating ideas. It is also about the execution of those ideas. It requires perseverance, hard work, and an understanding of the resources available. It is important to note that creativity is not always about success. Failure is a vital part of the creative process. It is through mistakes that we learn how to improve and refine our ideas.

In today’s fast-paced world, creativity is more important than ever before. The rapid advancement of technology has brought many challenges and opportunities, and it is creativity that will help us navigate this new world. It is through creativity that we can create new products, services, and ideas that will change the world for the better.

In conclusion, creativity is an essential aspect of human nature that has the power to solve problems, inspire change, and bring new perspectives to the world. It is not just about artistic talents, and it can be expressed in various fields. Creativity starts by observing the world around us, identifying problems, and looking for opportunities. The execution of those ideas requires perseverance, hard work, and an understanding of the resources available. Creativity is more important than ever before, and it is through creativity that we can create new products, services, and ideas that will change the world for the better.

Essay 90: Help Ever and Hurt Never

“Help ever and hurt never” is a simple yet powerful philosophy of life that has been advocated by many great leaders and teachers throughout history. It is a belief that emphasises the value of kindness, compassion, and empathy towards others. The essence of this philosophy lies in the belief that we should always strive to help others in need and avoid causing any harm or hurt to them.

The philosophy of “Help ever and hurt never” is deeply rooted in the principles of love and non-violence. It promotes the idea of treating others with respect and dignity, regardless of their social, economic, or cultural background. It encourages us to embrace a spirit of kindness and generosity towards others and to seek their well-being, happiness, and success.

The philosophy of “Help ever and hurt never” is especially relevant in today’s world, where there are so many conflicts and tensions among people. We often see people acting selfishly, putting their own interests above those of others. This attitude not only causes hurt and harm but also creates a sense of distrust and division among people.

The philosophy of “Help ever and hurt never” reminds us of the importance of empathy and compassion towards others. It teaches us to be kind and helpful to those who are less fortunate than us, to be patient with those who may have different views and opinions than ours, and to be forgiving towards those who may have wronged us.

This philosophy is not limited to just individuals but can be applied to different aspects of society as well. For example, corporations can adopt a policy of social responsibility, where they prioritise the welfare of their employees, customers, and the environment over profit-making. Governments can focus on policies that promote social justice, equality, and human rights for all citizens.

In conclusion, the philosophy of “Help ever and hurt never” is a valuable guide to living a meaningful life. It reminds us of the importance of treating others with kindness, empathy, and compassion, and of working towards the well-being of all members of society. By adopting this philosophy, we can create a more harmonious and peaceful world where everyone can thrive and reach their full potential.

Essay 85: Live and Let Live

The phrase ‘Live and let live’ is a well-known proverb, which is repeated often in many cultures worldwide. It is a simple motto that reflects both a philosophy and an attitude towards life. It is an expression that emphasises the importance of tolerance, respect, and the idea that everyone has a right to live and be happy. The phrase suggests that we should allow others to live as they choose, without interference or imposing our beliefs on them.

The essence of ‘Live and let live’ is the idea of coexistence. It is a peaceful way of life, where everyone can coexist without any harm or conflict. It is a concept that encourages us to tolerate diversity in our society. By doing so, we create a peaceful and harmonious environment. Tolerance and acceptance of differences are essential for a healthy and prosperous society.

One of the primary reasons why ‘Live and let live’ is essential is that it promotes respect for individual rights. As human beings, we all have the right to freedom, and we should respect each other’s right to live according to our beliefs and principles. This motto provides the foundation for the creation of a society in which everyone can feel valued and accepted regardless of their racial, ethnic, religious, or cultural background.

Another reason why ‘Live and let live’ is significant is that it promotes peace and reduces conflict. When we allow others to live freely without interference or judgment, we eliminate the source of conflicts that arise from differences in beliefs, values, and ideologies. This expression reminds us to focus on our own lives and not to meddle in the lives of others. This helps to reduce the unnecessary tension and conflicts that can arise when we try to impose our beliefs on others.

Furthermore, the motto promotes empathy and understanding. It encourages us to put ourselves in other people’s shoes and understand their perspective. When we do that, we are less likely to judge others for their beliefs, attitudes, or lifestyles. This leads to greater tolerance, respect, and understanding among people of different backgrounds.

In conclusion, ‘Live and let live’ is a simple but powerful phrase that encourages us to respect and accept others’ differences. It promotes peace, tolerance, and harmony, making it an essential concept for a healthy and prosperous society. If we all adopt this principle and live by it, we will create a world where people can coexist peacefully, and everyone can live their lives as they see fit.

Essay 89:Punctuality

Punctuality refers to the habit of being on time or arriving at the scheduled time. It is an essential quality that helps individuals to be more efficient, productive, and respected. Punctuality is also a reflection of one’s personality and character, as it shows one’s level of commitment and responsibility towards others. Thus, punctuality is a vital trait that everyone should possess, whether in personal or professional life.

In personal life, punctuality is necessary to maintain healthy relationships with family and friends. Being late repeatedly can lead to frustration and disappointment in others, which can affect the relationship negatively. Being punctual shows respect for others’ time and effort, which can enhance the bond between individuals. Moreover, punctuality also indicates that one is dependable and trustworthy, which can help build trust and loyalty in relationships.

In the professional world, punctuality is crucial for success in any career. It is an essential trait that employers look for in potential employees. Being punctual at work shows that one is committed, dedicated, and responsible towards their job. Moreover, arriving on time is essential in maintaining productivity, meeting deadlines, and ensuring that work runs smoothly. Punctuality also demonstrates that one is respectful of others’ time and understands the importance of meeting deadlines for the success of the organization.

In addition, punctuality is also essential in social events and gatherings. Being punctual in social events shows one’s respect for the host’s efforts and goodwill. Moreover, it helps to avoid any awkwardness or inconvenience caused by late arrivals. Being punctual in such events requires planning and preparation, which shows one’s organizational skills and ability to manage time.

However, being punctual does not mean being rigid or inflexible. It requires one to be adaptable and flexible to changes in schedules or unexpected events. Moreover, it is essential to communicate in case of any delay or change in schedule to avoid any inconvenience caused to others.

In conclusion, punctuality is a vital trait that reflects one’s personality, character, and professionalism. It is essential in personal and professional life as it shows commitment, responsibility, respect, and trustworthiness towards others. Being punctual helps individuals to be more efficient, productive, and successful in their careers and personal relationships. Thus, everyone should develop the habit of punctuality to lead a more organized, disciplined, and fulfilling life.

Essay 88: Elections

Elections are an essential aspect of democracy, where people choose their representatives to make decisions that affect their daily lives. They provide citizens with an opportunity to participate in the political process, to express their views, and select the candidate who would best represent their interests.

The significance of elections cannot be overstated. They offer a chance for the public to hold their leaders accountable for their actions and decisions. Through elections, citizens can choose candidates who share their values and beliefs, and who they believe are capable of representing them, and working towards creating a better future for all.

However, elections are not just about selecting individuals to represent them. They are also a means for people to express their opinions on various issues ranging from social justice to economic growth, security, and international relations. Elections provide a platform for candidates to lay out their plans and policies, for voters to evaluate and decide who they believe would be the best leader.

Elections also serve as a mechanism for the peaceful transfer of power from one government to another. When the results of the election are accepted by all parties, it ensures that the transition of power is undertaken in a peaceful and orderly manner. This is vital for maintaining stability and preventing chaos and violence, which are a common occurrence in countries where democratic principles are absent.

However, for elections to be free and fair, there must be a level playing field, where all candidates have an equal opportunity to campaign and represent themselves to the voters. This requires a transparent and impartial electoral process, where the election commission is independent and unbiased, and all parties follow the rules as laid down in the constitution.

In conclusion, elections are a cornerstone of democracy. They provide the public with an opportunity to have a say in the political process, to elect representatives who would work towards creating a better future for all. They also serve as a mechanism for the peaceful transfer of power, ensuring that the will of the people is respected, and that the transition of power is smooth and peaceful. However, for elections to be truly democratic, they must be free and fair, with a level playing field for all candidates to compete on.

Essay 87: The Importance of Fine Arts in Life

Fine arts are an essential aspect of human life. They are a form of self-expression that allows individuals to convey their emotions and thoughts through creative forms. Fine arts encompass different fields, such as painting, music, literature, dance, and sculpture. They are an integral part of our daily lives, adding value, beauty, and meaning to our existence. This essay explores the importance of fine arts in life and how they contribute to one’s overall well-being.

Firstly, fine arts play a significant role in nurturing our creativity and imagination. They allow us to explore different dimensions of our minds and enrich our thinking processes. For instance, painting, drawing, and other forms of visual arts stimulate the creativity of individuals and enable them to express their unique perspectives. Similarly, music and literature allow individuals to create new worlds of imagination, enabling them to experience emotions that they may not have felt before. Overall, fine arts help individuals to think outside the box and approach problems from different angles, thereby enhancing their critical thinking skills.

Secondly, fine arts provide an avenue for self-expression, helping individuals to understand and communicate their emotions effectively. The arts allow individuals to express their innermost feelings and thoughts in ways that words alone may not be able to capture. For example, music can evoke strong emotions of love, pain, and joy, helping individuals to connect with others and express their emotions in a universal language. Similarly, dance and other forms of movement allow individuals to express themselves through body language, enabling them to communicate even without words.

Thirdly, fine arts provide individuals with a sense of cultural identity and heritage. They allow individuals to connect with their cultural roots and understand their place in the world. For instance, traditional dance, music, and art forms provide individuals with a link to their cultural heritage and help preserve it for future generations. Additionally, the fine arts provide individuals with an opportunity to learn about other cultures and appreciate their unique perspectives and traditions.

Finally, fine arts contribute significantly to one’s overall well-being. They provide individuals with a sense of purpose and fulfillment, helping to reduce stress and promote mental health. Studies have shown that engaging in creative activities such as painting, writing, or playing a musical instrument can lower stress levels, improve mood, and increase self-esteem. Moreover, fine arts provide individuals with an opportunity to connect with others, promoting social cohesion and a sense of community.

In conclusion, fine arts are an essential aspect of human life, providing individuals with a means of self-expression, creativity, and personal growth. Fine arts stimulate the imagination, enable effective communication of emotions, promote cultural identity and heritage, and contribute to overall well-being. As such, it is crucial to promote and support the fine arts for the betterment of individuals and society as a whole.

Essay 86: The Importance of Humour in Life

Humour is a powerful tool that can make the journey of life less stressful and more enjoyable. It has the ability to uplift and inspire, to relieve tension and anxiety, and to bring people closer together. Humour is an essential part of our everyday lives and it plays an important role in shaping our attitudes and outlook towards life.

Firstly, humour can be a valuable coping mechanism during challenging times. When we face difficult situations or emotions, humour can provide a healthy way of dealing with stress and anxiety. A well-timed joke or a funny story can help us shift our focus away from our immediate problems and create a sense of perspective. In this way, humour can be a source of resilience that helps us maintain a positive attitude in the face of adversity.

Secondly, humour has the power to bring people together. Sharing a laugh is a universal experience that can break down barriers and create a sense of community. Whether it is through a shared sense of humour or a mutual appreciation of satire, comedy can bring people from different backgrounds and cultures together. In doing so, humour can create a sense of belonging and reduce feelings of isolation.

Thirdly, humour can be a powerful tool for communication. Whether it is in personal relationships or in the workplace, a well-placed joke can diffuse tense situations and facilitate open communication. Humour can help to break down barriers and allow people to express their thoughts and feelings in a more relaxed and open way.

Lastly, humour can help to improve mental and physical health. Laughing can boost our immune system, reduce stress levels, and improve our mood. It has been shown to decrease pain levels, increase blood flow and improve cardiovascular health. Humour can also help to improve mental health by reducing symptoms of depression and anxiety.

In conclusion, humour plays an essential role in our lives. It can help us cope with challenges, bring people together, facilitate open communication, and enhance our overall health and well-being. In a world that can often be stressful and challenging, humour can provide us with a much-needed break from the seriousness of life and remind us of the joy and wonder that life has to offer.

Essay 84: Science Fiction

Science fiction is a genre that has been captivating readers and viewers for centuries. It’s a genre that takes us beyond the realms of our imagination and presents futuristic possibilities. Science fiction has always been a fascinating concept, and it has played a vital role in shaping and inspiring scientific advancements.

Firstly, science fiction is a genre that invites readers and viewers to explore the world through a futuristic lens. It is a genre that presents a world beyond the imagination of the viewer. It involves the use of science and technology to create a world that is entirely different from what we know. The genre may involve time travel, space exploration, or even the creation of artificial intelligence. It presents a world that is different from what we know and challenges readers to explore beyond their current knowledge.

Secondly, science fiction has played a crucial role in inspiring scientific advancements. Many of the ideas presented in science fiction have become a reality today. Science fiction writers and filmmakers have created a world of possibilities that have inspired scientists and inventors to explore beyond the boundaries of what is currently known. For instance, science fiction writers have presented the concept of artificial intelligence and robots. Today, we have robots that can perform complex tasks and even interact with humans. Moreover, science fiction has also inspired the exploration of space, and we have made significant strides in space exploration.

Thirdly, science fiction is an essential genre in contemporary society. It allows us to explore the possibilities of the future and the impact of science and technology on our society. Science fiction encourages us to question the role of science and technology in our society and raises ethical questions about the use of science and technology. The genre creates a platform for debate and discussion, which is crucial in shaping our understanding of science and technology.

In conclusion, science fiction is a genre that challenges us to explore beyond our imagination. It has inspired scientific advancements and has played a crucial role in shaping our understanding of science and technology. The genre allows us to explore the possibilities of the future, and it is an essential tool in shaping our understanding of science and technology. Science fiction is not just a form of entertainment; it’s a genre that encourages us to question the world around us and envision a better future.

ESSAY 83: Knowledge is Power

Knowledge is power is a popular proverb that means knowledge can give an individual a powerful advantage over others. The more someone knows, the better-equipped they are to handle situations. The power that comes with knowledge is unmatched, and it can make a positive difference in an individual’s life.

Knowledge is instrumental in shaping an individual’s life. It assists them in making informed decisions by providing them with accurate information on various issues. With the right information, an individual can choose the best course of action, avoid making mistakes, and stay ahead in life. For instance, if one obtains knowledge about investing, they can make wise decisions about their finances and secure a better future.

Moreover, knowledge is an essential tool for personal growth and development. When an individual acquires new knowledge, they become more aware of their surroundings, more empathetic towards others, and more open-minded in their thinking. Additionally, knowledge plays a crucial role in enhancing an individual’s skills and abilities. With the right knowledge, one can learn new skills, improve their existing expertise, and become more confident in their ability to succeed.

The acquisition of knowledge is not limited to academic learning. An individual can gain knowledge in various ways, such as reading books, attending workshops, watching documentaries, and engaging in conversations. The pursuit of knowledge is never-ending, and it offers an individual’s opportunities for growth and discovery.

In conclusion, knowledge is a powerful instrument that can transform an individual’s life. It provides them with an advantage in decision-making and personal growth while enhancing their skills and abilities. The pursuit of knowledge is a worthwhile endeavor that can lead to positive changes in an individual’s life, and it is a tool that should be embraced by everyone seeking success and fulfillment.

Essay 82: Child Labour

Child labour is a widespread problem all around the world. It is a practice in which children are made to work in order to earn money for their families. This practice has been going on for centuries and is still very much prevalent in many countries.

Child labour is a complex issue, and it can take many forms such as domestic help, factory work, mining, agriculture, and even prostitution. The problem is not just limited to developing countries but is also found in some developed countries. The United Nations defines child labour as “work that deprives children of their childhood, their potential, and their dignity, and that is harmful to their physical and mental development.”

The causes of child labour are many, and they vary greatly from one country to another. In many cases, poverty is the root cause of child labour. Parents who are unable to provide for their families due to lack of resources, turn to child labour as a means of survival. Lack of education is another factor that leads to child labour. Children who are not enrolled in schools are at a higher risk of being forced into labour. Discrimination and conflict are also known to exacerbate the problem of child labour.

The consequences of child labour are severe and long-lasting. Children who are made to work for long hours are deprived of their childhood and are not able to attend school. This, in turn, affects their physical and mental development, and they are often unable to reach their full potential. Children who work in hazardous conditions are at risk of accidents and injuries, and in some cases, their lives are put in danger.

To tackle the issue of child labour, various measures need to be taken. Governments need to implement laws that protect children from exploitation and abuse. Education should be made accessible and affordable to all children, so that they can have the opportunity to go to school and receive an education. Parents must be provided with financial assistance and opportunities so that they can provide for their families without relying on child labour. The public and private sectors must work together to create industries and businesses that provide decent working conditions for adults and do not rely on child labour.

In conclusion, child labour is a complex issue that requires a multifaceted approach. While progress has been made in reducing child labour over the years, more needs to be done to eradicate this practice completely. We must all work together to ensure that children are protected, educated, and given the opportunity to fulfill their potential. Only then can we truly say that we have made progress in ending this injustice.

Essay 81: Wildlife Conservation

Wildlife conservation refers to the practice of protecting and preserving the natural habitats and species of wildlife from extinction. This is done to maintain the balance of the ecosystem and prevent the negative impact of human activities on wildlife. It is crucial to protect wildlife to ensure that future generations can enjoy the same natural beauty and resources as we do today.

Conservation of wildlife is essential as it helps to protect the biodiversity of the planet. Biodiversity refers to the variety of plant and animal species that exist on Earth, and it is crucial for maintaining a stable and healthy ecosystem. The loss of biodiversity can have far-reaching consequences, such as food scarcity, climate change, and the extinction of unique species. Wildlife conservation, therefore, plays a crucial role in preserving the planet’s biodiversity.

Another important reason for wildlife conservation is the protection of endangered species. Endangered species are those that are at risk of becoming extinct due to factors such as habitat destruction, poaching, and climate change. The conservation of endangered species is critical to maintaining the balance of the ecosystem and ensuring that important species do not disappear forever. Protecting endangered species also helps to preserve cultural and historical heritage, as many of these species have cultural and religious significance.

Wildlife conservation also provides significant economic benefits. Many communities rely on wildlife tourism as a source of income, which is dependent on the presence of biodiversity. Wildlife tourism contributes significantly to global GDP and provides jobs and livelihoods to many people. Conservation of wildlife, therefore, not only benefits the environment but also supports economic growth and development.

In conclusion, wildlife conservation is essential for the preservation of the planet’s biodiversity, protection of endangered species, and economic benefits. It is important for all of us to take responsibility for protecting wildlife, and we can do this by supporting conservation efforts and making changes in our daily lives to reduce our impact on the environment. By working together, we can ensure that future generations can enjoy the natural beauty and resources of our planet.

Essay 80: Ants- the inspirational hard workers

Ants are fascinating creatures that have a lot to teach us about hard work and determination. These tiny insects are known for their ability to work together in a highly organized and efficient manner to build complex colonies, gather food, and protect their queen.

One of the most remarkable things about ants is their incredible strength. Despite their small size, some ants can carry objects that are many times their own body weight. This is because they have a special ability to distribute the weight of the object they are carrying among multiple ants, allowing them to work together to accomplish tasks that would be impossible for them individually.

Ants are also known for their impressive teamwork. They communicate with each other using pheromones and work together to accomplish common goals. This allows them to be highly efficient and effective in completing complex tasks.

In addition to being hard workers, ants are also adaptable creatures. They are able to adapt to changes in their environment and find new ways to survive and thrive. They are able to find food and shelter in a wide variety of settings, from forests and deserts to urban environments.

As humans, we can learn a lot from ants about the power of hard work, determination, and teamwork. By working together and being adaptable, we can accomplish great things and overcome even the most difficult challenges.

Essay79: Climate Change

Climate change is a major issue that is affecting our planet today. It refers to the long-term changes in temperature, precipitation, and other weather patterns that are caused by human activities, such as burning of fossil fuels and deforestation. The effects of climate change are felt globally and can have severe consequences on the environment, economy, and social well-being of humans.

One of the most significant consequences of climate change is global warming. The increase in greenhouse gas emissions, including carbon dioxide, methane, and nitrous oxide, from human activities is causing the Earth’s temperature to rise. This has resulted in melting of Arctic sea ice, rising sea levels, and increased frequency and intensity of extreme weather events such as hurricanes, droughts, and wildfires.

Furthermore, climate change also has severe impacts on biodiversity. As temperatures increase, some species may not be able to tolerate the new conditions and may be forced to migrate to new habitats or face extinction. This in turn can disrupt the food chain, leading to further ecological imbalances.

In addition, climate change has significant economic costs. Extreme weather events can cause damage to infrastructure, homes, and businesses, leading to significant economic losses. Climate change can also lead to the loss of livelihoods in sectors such as agriculture, forestry, and fishing.

To mitigate the impacts of climate change, we need to adopt sustainable practices and reduce our carbon footprint. This can involve reducing the use of fossil fuels, promoting renewable energy, and adopting cleaner technologies. Additionally, we need to protect and restore our natural ecosystems, which can act as carbon sinks and help in reducing greenhouse gas emissions.

In conclusion, climate change is a major issue that requires immediate attention and action. It is imperative that we work together to mitigate its impacts and ensure a sustainable future for ourselves and for generations to come.

Essay 78: Deforestation

Deforestation is the deliberate clearing of forests, usually by humans, for the purposes of agricultural, industrial or urban development. This environmental issue has become one of the most pressing problems of our time. It puts at risk the survival of many plant and animal species, the stability of our climate, and the well-being of local communities.

Firstly, deforestation is a major threat to biodiversity. Forests are home to countless species of plants and animals, many of which are only found in specific regions of the world. When forests are cut down and destroyed, not only do these species lose their habitat, but they also become vulnerable to extinction. In fact, many species are already endangered or critically endangered due to deforestation.

Secondly, deforestation contributes to climate change. Trees play a vital role in regulating the Earth’s climate by absorbing carbon dioxide from the atmosphere. When forests are destroyed, this natural process is disrupted and more carbon dioxide is released into the atmosphere, exacerbating global warming. Deforestation is responsible for approximately 15% of greenhouse gas emissions, making it a major contributor to climate change.

Thirdly, deforestation has a significant impact on local communities. Forests provide vital resources such as food, water, and medicine to millions of people around the world. When forests are cut down and destroyed, these communities are left without these important resources. Additionally, deforestation can lead to soil erosion, flooding, and other environmental disasters that can harm communities.

To address the issue of deforestation, it is important to implement sustainable practices. This includes developing and implementing programs that promote sustainable forestry, conserving and restoring degraded forests, and promoting the use of alternative sources of energy. It is also important to educate people about the importance of forests and the impact of deforestation on the environment and local communities. Programs like ‘Vanmahotsav’ helps plant more trees and help spread the cover of trees.

In conclusion, deforestation is a complex environmental issue that poses a threat to biodiversity, climate stability, and human well-being. It is important to address this issue through sustainable practices and education to ensure that forests continue to provide vital resources and benefits for generations to come.

Essay 77: Science Fair at your School

Science fair is a platform that encourages students to explore and experiment with various scientific concepts, theories, and principles. It is an event where students showcase their skills and knowledge about science and technology, and compete with each other to win prizes and recognition. Science fairs are an essential part of the school curriculum, as they offer students an opportunity to apply their theoretical knowledge into practical experiments, and enhance their creativity and problem-solving skills.

Recently, our school organised a science fair, which was a tremendous success. Students from different claases participated, and the level of enthusiasm and creativity was impressive. The fair was organised over two days, and the school was abuzz with excitement and energy.

The fair began with a brief opening ceremony, where the principal gave an inspiring speech about the importance of science in our daily lives. After that, the students displayed their projects in the school auditorium, where judges and visitors could view them. The projects were divided into various categories, such as physics, chemistry, biology, and environmental sciences.

The projects were diverse and fascinating. Some students demonstrated the effect of a solar eclipse on plant growth, while others showed the properties of chemical reactions. There were also projects that highlighted the impact of deforestation on the environment, and the importance of preserving natural resources. Students used a variety of materials and tools to make models, charts, and graphs for their projects, and explained the concepts behind them with confidence and ease.

The judges evaluated the projects based on several criteria, such as creativity, scientific accuracy, and presentation skills. They interacted with the students and asked questions to understand their thought process and approach. The students, in turn, showed great enthusiasm and eagerness to share their knowledge and insights.

The fair was not just an opportunity to display scientific prowess but also allowed children to learn from each other. The students were not only impressed but also learned a lot from the projects of their peers. The discussions and debates that followed helped them gain a deeper understanding of the concepts and principles involved in the projects.

The science fair was a great success, and it was a proud moment for the school. It showcased the brilliance and creativity of our students and demonstrated how science can be both exciting and fun. The fair not only helped the students develop their scientific knowledge but also fostered their communication, presentation, and problem-solving skills. It was a celebration of science and learning, and we are certain that it will pave the way for more such events in the future.

In conclusion, science fairs are an essential part of the academic curriculum, and they provide students with a platform to showcase their skills, knowledge, and creativity in the field of science. Such events help inspire young students to pursue careers in science and technology, and encourage them to explore and experiment with new ideas and concepts. We hope that our school will continue to organize such fairs in the future, and help build a strong foundation for the next generation of scientists and innovators.

Essay 76: The Morning Assembly.

As a student, one of the most memorable parts of my school days is the morning assembly. This daily ritual is not simply a boring routine, but a time of gathering that invoked a sense of community and shared purpose among the students and faculty alike. The morning assembly holds a special place in our hearts, and its impact on our lives is immense.

The morning assembly is generally held in the school courtyard, with all the students and faculty members in attendance. The assembly begins with a prayer, which everyone sings with great devotion and enthusiasm. This is followed by the recitation of the Pledge, which reminds us of our duty and loyalty to our country. It is a great feeling to stand with our peers and recite the pledge in unison. This act makes us feel united and strong.

After the Pledge, we are treated to a variety of inspirational speeches and announcements by our teachers and Principal. These speeches encourage us to strive for excellence, be kind to one another, and embrace the values of honesty, respect, and hard work. Our teachers share their experiences and wisdom with us, imparting invaluable life lessons that we carry with us outside of the classroom.

Apart from speeches and announcements, the morning assembly also features performances by students. This is another highlight of the assembly, as it gives us a chance to showcase our talents and shine in front of the entire school. From dance performances to musical recitals, the assembly provides us with a platform to express ourselves creatively and gain confidence.

In conclusion, the morning assembly is an integral part of my school experience. It is a time of gathering, learning, and inspiration that leaves a lasting impression on my life.

ESSAY 75 :The Importance of Peace

Peace is an essential aspect of life that ought to be embraced by all individuals. It refers to the state of harmony, tranquility and freedom from hostile actions or thoughts. Peace can be achieved within an individual, a community, a country or globally, and its significance cannot be overstated. It is imperative to understand the importance of peace in all aspects of life.

Firstly, peace promotes stability and better relationships among individuals, communities and countries. It aids in creating a conducive environment where individuals can coexist peacefully, share resources and ideas without fear of physical harm or discrimination. In the case of countries, peace ensures that they can establish diplomatic relations, trade and cooperate in various aspects such as technology, education and health care. This, in turn, strengthens international treaties and alliances, thereby promoting global stability.

Secondly, peace fosters economic growth and development. When there is peace, countries can attract investors, establish trade relations and open up to new markets. This creates job opportunities, increases productivity, and leads to the growth of the economy. A peaceful environment also fosters innovation and creativity, leading to new inventions and technologies that promote economic growth.

Thirdly, peace promotes social progress and human rights. In a peaceful society, individuals can exercise their fundamental rights such as freedom of speech, religion and association without fear of retaliation or persecution. In addition, peace promotes equality, social justice and the rule of law, which are critical elements of social progress. A peaceful society ensures that everyone has equal access to education, health care and other social amenities, regardless of their social, economic or political status.

Finally, peace promotes environmental sustainability. A peaceful society recognizes the importance of preserving natural resources, protecting the environment and promoting sustainable development. This ensures that future generations can enjoy a healthy and sustainable environment.

In conclusion, peace is essential for the stability, growth and development of individuals, communities, countries and the world at large. It promotes better relationships, economic growth, social progress, human rights and environmental sustainability. As individuals, we have a responsibility to cultivate a peaceful environment within us and extend it to the larger society. It is only through peace that humanity can achieve its full potential and create a better world for future generations.

Essay 74: A Walk along the River Side

As I strolled along the river side, I couldn’t help but marvel at the breathtaking scenery. The sun was shining brightly in the sky, and the water sparkled and glittered as it flowed by. The sound of the water was soothing, and a cool breeze blew across my face, making the hot day more bearable.

I saw a variety of boats moored by the shore. Some were small canoes, while others were larger, luxurious yachts. People were fishing, rowing and picnicking by the river side, making the area lively and bustling with activity.

The trees and plants along the river side provided a sense of tranquility and calmness. The green leaves swayed gently in the wind, and the flowers bloomed in a myriad of colours, adding to the beauty of the surroundings.

As I continued my walk, I saw several ducks swimming in the river, and their quacks filled the air. Further down the river side, I saw a family of swans gracefully gliding through the water.

As the sun began to set, the sky was painted in vibrant hues of red, orange and pink. The reflection of the sky on the water was a sight to behold, and I felt lucky to have witnessed such a beautiful moment.

As I left the river side, I felt rejuvenated and refreshed. The natural beauty had lifted my spirits, and I looked forward to returning and experiencing it again.

Essay: Electric Vehicles- ‘The Future for Us’

Electric vehicles have become a buzzword in the automotive industry in recent years. With the increasing concerns about global warming, air pollution, and depleting oil reserves, electric vehicles offer a sustainable solution for transportation. Electric vehicles are powered by battery-electric motors and do not emit any harmful pollutants, making them environmentally friendly. The demand for electric vehicles is on the rise, with more and more people opting for electric vehicles over conventional diesel -powered vehicles.

Firstly, electric vehicles are eco-friendly. Transportation is one of the significant contributors to air pollution, and conventional diesel-powered vehicles emit harmful pollutants that contaminate the air we breathe. Electric vehicles, on the other hand, do not produce any tailpipe emissions, making them an ideal solution to reduce air pollution. By adopting electric vehicles, we can significantly reduce our carbon footprint and contribute to a cleaner environment.

Secondly, electric vehicles are cost-effective. Although electric vehicles have a higher purchase price than their conventional counterparts, they offer significant savings in the long run. Electric vehicles have lower operating costs as they require less maintenance, no oil changes, and lower fuel costs. Moreover, electric vehicles are more energy-efficient, which means they require less fuel to go the same distance as diesel-powered vehicles.

Thirdly, electric vehicles offer a better driving experience. Electric vehicles are quieter and smoother than gasoline-powered vehicles as they do not have a combustion engine. Moreover, electric vehicles offer instant torque, making them faster and more responsive than gasoline-powered vehicles. Electric vehicles also offer a more comfortable driving experience, as they have a low center of gravity, which makes them more stable and provides better handling.

In conclusion, electric vehicles are the future for us. Switching to electric vehicles will not only help us reduce our carbon footprint and contribute to a cleaner environment but will also offer significant cost savings in the long run. With advancements in battery technology, electric vehicles are becoming more accessible, and we can expect to see more electric vehicles on the road in the near future. It is time for us to embrace this change and contribute towards a greener and more sustainable future.

Essay 72: A Road Accident

Accidents are an unfortunate and inevitable part of life. They can happen at any time, anywhere, and to anyone. One of the most common forms of accidents is a road accident. A road accident is when two or more vehicles collide or when a vehicle collides with a pedestrian or an animal on the road. It is a tragic event that can have devastating consequences for those involved.

I still remember the day when I witnessed a road accident. It was a sunny day, and the sky was blue. As I was walking to the market, I heard a loud screeching sound, and I turned to see what had happened. To my horror, I saw two cars had collided, and people were rushing to help the victims. Without thinking, I ran towards the scene to see if I could be of any assistance.

When I reached the scene, I saw a man lying on the ground, bleeding profusely from his head. His car had hit another car, and the impact had caused him to be thrown out of the car. The other driver was also injured but not as severely as the first one. People were trying to help them, but they seemed to be in a state of shock.

The first thing I did was to call for an ambulance. I informed the emergency services about the accident and gave them the location. While waiting for the ambulance, I tried to help the injured people. I used my shirt to stop the bleeding of the man who was lying on the ground. I also tried to comfort him and reassure him that help was on the way.

The ambulance arrived after a few minutes, and the paramedics took over. They checked the victims and stabilised their condition before taking them to the hospital. I was relieved that they were receiving the medical attention they needed, but I couldn’t help but feel sad for them. Their lives had been changed in an instant, and they would have to deal with the consequences of the accident for a long time.

After the ambulance had left, the police arrived to investigate the accident. They interviewed the witnesses and took pictures of the scene. It was a long process, and it took a few hours to clear the area. The road was blocked, and traffic was diverted to other routes.

As I walked back home, I couldn’t help but think about the accident. It made me realise how fragile life is and how important it is to be careful on the road. A road accident can happen to anyone, and it can have far-reaching consequences. It is crucial to follow traffic rules, wear seat belts, and avoid driving under the influence of drugs or alcohol. We should also be patient and avoid aggressive driving, which can lead to accidents.

In conclusion, a road accident is a tragic event that can have devastating consequences. We should do everything we can to avoid them, and if we witness one, we should try to help in any way we can. We should also learn from them and be more careful on the road to prevent such accidents from happening in the future.

Essay 71: A Picnic Party

A picnic party is one of the most enjoyable and pleasurable events. It is a great way to spend quality time with friends, family, and colleagues in an outdoor setting.

Last summer, my friends and I decided to plan a picnic party to celebrate the end of the academic year. We chose a beautiful park, which was known for its lush greenery and scenic views. We all contributed to the preparation of the picnic, bringing food, drinks, and other essentials such as picnic blankets, chairs, and tables.

As soon as we arrived at the park, we spread out the blankets and began to lay out the delicious food we had brought along. There was a wide array of dishes such as biryani, salads, chicken dishes, fruits, and desserts. We chatted and laughed as we enjoyed the food and the beautiful surroundings. The sunny weather, chirping birds, and fresh air made the experience even more enjoyable.

After we had eaten, we decided to play some games. We brought a carroms board, a football, and a volleyball, and we played all afternoon. It was great fun to see everyone participating and having a good time. We also took some group photos to capture the memorable moments of the day.

As the sun began to set, we packed our belongings and headed back home. We were all tired but happy and content with how the day had turned out. The picnic party had been a perfect way to relax, unwind, and spend quality time with each other.

In conclusion, a picnic party is a wonderful way to have fun and connect with people. It provides an opportunity to enjoy nature, eat delicious food, play games, and create unforgettable memories. It is an experience that everyone should try at least once in their lifetime.

aerial photography of a boat on a waterway in the middle of forest
Photo by Kelly on Pexels.com

Current Affairs – 16 September 2023

Highlights of President Droupadi Murmu’s Visit to Gujarat from September 12-13, 2023Droupadi Murmu, President of India, was on a two-day visit to Gujarat from September 12 to 13, 2023. During her visit,

  • She inaugurated the Gujarat Assembly’s ‘National e-Vidhan Application’ (NeVAproject and addressed the members of the Gujarat Legislative Assembly at Gandhinagar.
  • She also virtually launched the Ayushman Bhav initiative of the Ministry of Health and Family Welfare (MoH&FW) from the Raj Bhavan, Gandhinagar, Gujarat.

On 12th September 2023, President Droupadi Murmu inaugurated the First Global Symposium on Farmers’ Rights (GSFR) in an event held at the Indian Council of Agricultural Research (ICAR) Convention Centre, National Agricultural Science Centre in New Delhi, Delhi.
About Ministry of Agriculture and Farmers Welfare(MoA&FW):
Union Minister– Narendra Singh Tomar (Constituency- Morena, Madhya Pradesh)
Ministers of State(MoS)– Sushri Shobha Karandlaje; Kailash Choudhary


Highlights of Saudi Arabia’s PM HRH Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud visit to Indiai.From September 9-11, 2023, the His Royal Highness (HRH) Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister (PM) of the Kingdom of Saudi Arabia, paid a State visit to India on the invitation of Prime Minister (PM) of India Narendra Modi. This marks the Prince’s 2nd State visit to India, His Royal Highness earlier visited India on a State Visit in February 2019.
ii.The overarching context of his visit was to strengthen bilateral relations and strategic partnership between India and Saudi Arabia.
iii.Official talks were held between HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, and PM Narendra Modi to enhance India-Saudi strategic relations and discussed current global and regional matters.
iv.Both leaders chaired the first meeting of the India – Saudi Strategic Partnership Council (SPC) which was set up with the signing of an Agreement by both leaders during the PM Narendra Modi state visit to Riyadh, Saudi Arabia in October 2019.
v.The Indian Ministry of New and Renewable Energy (MNRE) and the Saudi Ministry of Energy have signed a MoU to strengthen their energy partnership, supporting India’s transition to sustainable energy and global climate change mitigation efforts.
About Saudi Arabia:
Capital– Riyadh
Currency– Saudi Riyal


Union Minister Dharmendra Pradhan launched Skill India Digital PlatformUnion Minister Dharmendra Pradhan, Ministry Skill Development and Entrepreneurship(MSDE) has launched the Skill India Digital (SID) platform.

  • SID is India’s Digital Public Infrastructure (DPI) for skilling, education, employment, and entrepreneurship.
  • The digital platform includes both a website and a mobile Application that was developed by the National Skill Development Corporation(NSDC). It is available in multiple Indian languages.

About the Skill India Digital platform:
i.Skill India digital platform offers a variety of industry-specific skill courses, career opportunities, and support for aspiring entrepreneurs.

  • It includes listings for courses from Google, Microsoft, Cisco, and the Skill Council for Green Jobs(SCGJ).
  • Presently, more than 264 skilling courses from 42,623 centers across India will be available on the platform.

ii.The platforms serve as the link between job-seekers and employers, enabling educational institutions to develop courses to industry demands.

  • The platform will accelerate skilled talent hiring, facilitating lifelong learning and career advancement.

iii.The platform aligns with the vision outlined in the G20 framework for developing DPI and the digital economy in order to promote digital skills and literacy.
iv.The app will be linked with DigiLocker and Aadhaar to issue verifiable certificates of course completion and to generate digitally signed Curriculum Vitae (CVs) for job applicants and people taking courses.

  • It also provides Digital CVs of jobseekers through personalized QR Codes.
  • SID is linked to the Udyam portal for the registration of micro, small and medium enterprises.
  • It also linked with the eShram portal which was created to build a National Database of Unorganized Workers and the National Career Service which was a five-year project launched by the Government in 2015 for job-seekers.
  • It is also linked with the Aatmanirbhar Skilled Employee Employer Mapping (ASEEM) portal.

Additional info:
During the launching event, several memorandum of understanding (MOUs) were exchanged with organizations to advance digital skilling, foster industry participation, and enhance learner engagement, including All India Council for Technical Education (AICTE), Central Board of Secondary Education (CBSE),National Institute of Electronics and Information Technology (NIELIT), Infosys, Microsoft, Amazon Web Services (AWS), RedHat, Wadhwani Foundation, United Nations Children’s Fund (UNICEF), Future Skills Prime, SAP, Tech Mahindra Foundation.


MCA Extends Tenure of Company Law Committee by 1 YearThe Ministry of Corporate Affairs(MCA) has extended the tenure of the Company Law Committee by 1 year, until September 16, 2024.
Company Law Committee:
i.The Company Law Committee was set up in 2019 with a tenure of one year(2020), and its tenure was successively extended year after year.
ii.The committee has been tasked with examining and recommending the government on different matters concerning the implementation of the Companies Act, 2013, and the Limited Liability Partnership (LLP)Act, 2008.
objectives:

  • To promote the Ease of Living in the country by providing ease of doing business to law-abiding corporates.
  • To Promote improved corporate compliance for all stakeholders.
  • To address emerging issues having an impact on the working of companies in India.

Committee Members:
At Present, the Company Law Committee consists of 11-members under the chairmanship of the Dr Manoj Govil, Secretary, MCA.
Additional Info:
The Company Law Committee recently released its third report in March 2022. They had recommended various changes to the Companies Act, 2013 to recognise new concepts, expedite corporate processes, improve compliance requirements, and remove ambiguities from existing provisions
About Ministry of Corporate Affairs: 
Union Minister – Nirmala Sitharaman (RajyaSabha Karnataka)
Minister of State (MoS) – Rao Inderjit Singh (Lok Sabha Constituency – Gurugram, Haryana)


MHA Cancels FCRA Licence of Bal Raksha Bharat & 2 other NGOs
Ministry of Home Affairs(MHA) has cancelled the Foreign Contribution Regulation Act (FCRA) licence of Bal Raksha BharatSrinivas Malliah Memorial Theatre Crafts Museum and SELF EMPLOYED WOMEN’S ASSOCIATION (SEWA).

  • The licences were cancelled ahead of the deadline (30th September 2023) for FCRA licences renewable for Non-Governmental Organisations(NGOs).

i.Bal Raksha Bharat is the India unit of the United Kingdom(UK) Based NGO “Save The Children” which operates in around 16 states across India.

  • The audited report of the NGO revealed that it has received Rs 163 crore in its bank accounts and Rs 66.66 lakh worth of in-kind contributions for year 2021-2022.

ii.Srinivas Malliah Memorial Theatre Crafts Museum was established in memory of freedom fighter Ullal Srinivas Malliah to provide training in traditional handicrafts like puppet making, mask making, paper figures, bamboo crafts and others.
Points to note:  MHA grants FCRA licences to NGOs for 5 years and evaluates based on annual returns and foreign grants received for their intended purposes.  Misuse or diversion of foreign funds by NGOs is a violation of the FCRA Act.


India Becomes 13th Country to Issue OIML Certificate
India has been recognised as an authority to issue internationally accepted OIML(International Organization of Legal Metrology) pattern approval certificates for selling weights & measures anywhere in the world. With this India becomes the 13th country in the world that can issue OIML certificates.

  • Department of Consumer Affairs under the Ministry of Consumer Affairs will now issue the OIML certificates.
  • OIML Pattern Approval certificate is mandatory to sell a weight or measure in the International market.

Other countries that can issue OIML Certificates are Australia, Switzerland, China, Czech Republic, Germany, Denmark, France, United Kingdom(UK), Japan, Netherlands, Sweden and Slovakia.
About International Organization of Legal Metrology (OIML French: Organisation Internationale de Métrologie Légale):
OIML is an international standard-setting body.
Established in 1955.
Headquarters– Paris, France
Members: 63 Member States & 64 Corresponding Members (India has been a member of the OIML since 1956)


Yes Bank Partners with Juspay to Launch HyperUPI, NPCI’s UPI-based Plug-in Service Yes Bank partnered with Juspay, India’s leading payments company, to launch HyperUPI, a plug-in Software Development Toolkit (SDK) developed by the National Payments Corporation of India (NPCI) that empowers in-app Unified Payments Interface (UPI) payments for merchant apps.

  • With this, the merchants can now offer customers a hassle-free one-click UPI experience. This will also allow customers to undertake UPI-based transactions within the merchant app.
  • This plug-in (SDK) is built on one of the most reliable UPI-on-cloud stacks in India, which also supports UPI payments for several consumer and merchant apps.

Yes Bank and BriskPe Partnered to Enable Cross-border Payments for MSMEs by BriskPe A2A Solution
GoBrisk Technologies Pvt Ltd. (BriskPe), a Mumbai (Maharashtra) headquartered payments fintech company, and Yes Bank partnered to introduce BriskPe Account-to-Account (A2A), a cutting-edge suite of solutions designed to empower exporters and importers.

  • This collaboration represents a significant milestone in the world of cross-border payments, benefiting Micro, Small, and Medium Enterprises (MSMEs) operating in the manufacturing and services sectors.

About Yes Bank Limited:
Managing Director & Chief Executive Officer– Prashant Kumar
Headquarters– Mumbai, Maharashtra
Established in– 2004


NPCI Launches India’s First Contactless Payment Wearable “OTG Ring”National Payment Corporation of India(NPCI) has launched a RuPay ON-THE-GO(OTG)ring named as 7 Ring, the first contactless payment wearable ring which was made in India.

  • The ring was unveiled in Global Fintech Fest, 2023 (GFF 2023) which was held during 5th to 7th September 2023 in Mumbai, Maharashtra.
  • 7 Ring is designed, assembled, manufactured and patented in India.
  • The ring was made in collaboration with 7 (Sevenring Innovations Private Limited) and LivQuik Technology(India) Private Limited.

Eligibility:
Any Indian resident above 18 years of age with an active Unified Payments Interface (UPI) address can buy the ring (provided they satisfy any one of the invite-only criteria).
About 7 Ring:
i.7 Ring is a sleek, wearable ring that is made from a very strong and scratch-resistant material called zirconia ceramic(ZrO2) which is  also used in aerospace applications
ii.The ring is Restriction of Hazardous Substances Directive (RoHS) compliant, as neither its body nor any of its electronic components contain any hazardous substances.
iii.  The National Common Mobility Card (NCMC) customers can use the ‘OTG Ring’ for the transactions.
Working:
i.The ring allows to make payment by just placing the fist on a Point of Sale (POS) device
ii.7 Ring links to a digital prepaid wallet  not linked to a Bank Account

  • The wallet can be topped-up and payments can be made from it.

iii.The device also provides a comprehensive Passbook feature to keep track of the transactions.
iv.7 Ring only works when it is placed parallelly within 4 cm range of a contactless reader.
Features:
i.7 Ring doesn’t require a smartphone application or an One-time password(OTP) / PIN for making payments below Rs 5,000 in India.

  • Also the ring  doesn’t require pairing with a smartphone, instead it is linked to a digital prepaid wallet in the cloud.

ii.7 Ring is a passive wearable that draws power from the POS machine, so has no battery
iii.7 Ring works on Near Field Communication (NFC) technology, is EMVco certified, and contains the same security standards which are used in payment instruments worldwide by all leading networks.
Transaction Criteria:
There are two limit criteria based on Know Your Customer (KYC).
i.Monthly transaction limit of Rs 10,000 –  registered as a Minimum KYC(During ring activation)
ii.Monthly transaction limit of Rs 2 Lakhs – Full KYC


IndusInd Bank launched ‘Virtual Commercial Credit Card’ in Collaboration with Visa and JuspayIndusInd Bank in partnership with Visa and Juspay launched  a “virtual commercial card” with additional layers of security to give the cardholders a complete control over cross-border transactions for corporates and travel agents. The card is built on the Visa Payables Automation platform.

  • The card benefits the customers who make multiple bookings in different foreign-denominated currencies.
  • The card offers a high degree of control, reduced complexity and complete transparency.

Features of the card:
i.The cardholders can  generate virtual cards and customise its credentials such as Card Number, Card Verification Value (CVV) code and expiry dates.

  • The card can also be customised with transaction-specific limits.
  • This feature makes the parent card out of the process, so that it will be safe.

ii.The card complies with tokenisation-cum-Additional Factor of Authentication (AFA) regulation & follows Maker and Checker workflow.
iii.The card allows for multiple user access.
iv.This card recognises the evolving needs of customers by redefining domestic and cross-border transactions  of the customers.
Additional Info:
Tokenisation-cum-AFA regulation: Tokenization is a backend process of replacing Credit/ Debit/ Prepaid Card details with a unique set of characters or a ‘token’.

  • AFA is a security measure that requires customers to provide more than one piece of evidence to verify their identity. Examples: One-time passwords (OTPs), Security questions and Biometric authentication.

About IndusInd Bank Limited(Ltd):
Managing Director(MD) & Chief Executive Officer(CEO) – Sumant Kathpalia
Headquarters – Mumbai, Maharashtra
Established in – 1994
Tagline – We Make You Feel Richer
About Visa:
Chief Executive Officer(CEO) – Ryan McInerney
Headquarters-  California, United States of America(USA)
Established – 1976
About Juspay:
Founder – Vimal Kumar
Headquarters – Bangalore, Karnataka
Established in – 2012


Fitch Retains India’s Growth Forecast at 6.3% for FY24: Global Economic Outlook Sept 2023Fitch Ratings in its special report titled  Global Economic Outlook – September 2023 retained India’s Gross Domestic Product(GDP)’s growth forecast for the current fiscal year(FY 2023-24) at 6.3% and projected growth rate of 6.5% for FY 2024-2025.

  • Earlier in June 2023, the rating agency had revised its forecast to 6.3% from the 6%.
  • Inspite of tight monetary policy and poor export, the economy is striving to grow.

Quarterly analysis:
The Indian economy grew at 7.8% in the first quarter(Q1 – April to June) in FY 2023-24.

  • According to the report, the high-frequency indicators suggest that the growth in July-September will be moderate due to low exports and credit growth.

RBI’ consumer confidence survey (CCS):
i.Reserve Bank of India(RBI) in its bi-monthly consumer confidence survey (CCS) (July 2023) pointed out that consumers are becoming a little more pessimistic on income and employment prospects.
ii.Fitch  expects that the RBI’s benchmark interest rate will stay at 6.5% for 2023.
Impact of Inflation:
i.The global economy is slowing down, and India will be affected by this. The RBI has raised interest rates (by 250 Basis Point)to control inflation.

  • Though the increase in inflation is temporary, (particularly rise in  food price), this will reduce the purchasing power of the household.

ii.Annual headline inflation was 6.8% in August after 7.4% in July and 4.9% in June.
Additional info:
The threat of El Niño makes the inflation exceed the forecasts.
Fitch expects 2023-end retail or CPI inflation at 5.5%, higher than our previous forecast of 5%.


Mastercard India Appoints Former SBI Chief Rajnish Kumar as Non-Executive ChairmanRajnish Kumar, former chairman of the State Bank of India(SBI) has been appointed as the Non-Executive Chairman of  Mastercard India.

  • Rajnish Kumar will guide Mastercard’s South Asia executive leadership team, led by Gautam Aggarwal, Division President for South Asia and Country Corporate Officer, India.
  • He is currently serving as the chairman of payments startup BharatPe.

About Rajnish Kumar:
i.Rajnish Kumar served as the chairman of SBI from 2017 to  2020.

  • He is also widely credited for spearheading the SBI YONO platform.
  • He served at SBI and its subsidiaries across India, the United Kingdom and Canada in various leadership roles.

ii.He serves on the boards of various organisations and corporations, including HSBC Asia Pacific, Larsen & Toubro(L&T), and Brookfield Property Management.
iii.He also served as Director on the boards of various organizations including Export- Import Bank of India(EXIM), Institute of Banking Personnel Selection(IBPS), National Institute of Bank Management, Pune, Indian Banks’ Association, Khadi & Village Industries Commission, Indian Institute of Banking & Finance.
iv.Book – Rajnish Kumar Authored a book ‘The Custodian of Trust: A Banker’s Memoir’ published by Penguin Viking in 2021.
About Master Card:
Mastercard is a payment and technology company, which deals with clearing, authorization, and settlement of payment transactions.
Chief Executive Officer(CEO) – Michael Miebach
Headquarters – New York, United States of America(USA)
Established – 1966


Moldova’s 1st President Mircea Snegur Passed Away 
Mircea Snegur who served as the first President of the independent Moldova has passed away. He was born on 17th January 1940 in the village of Trifanesti, in Florești District, Moldova.

  • He became the President of the Moldovan Soviet Socialist Republic in 1990 following the approval from the Moldovan Supreme Council.
  • He led the Republic of Moldova to its proclamation of independence on 27 August 1991.
  • Following the independence, in 1992, Snegur and then Russian President Boris Yeltsin signed an agreement to stop a conflict over Moldova’s breakaway Transdniester (Transnistria) region.

International Day of Democracy 2023- September 15 The United Nations (UNInternational Day of Democracy is annually observed across the globe on 15th September to highlight the significance of democracy and to create awareness among the people about democratic rights.

  • The day also offers a platform to review the the state of democracy in the world.

The theme of International Day of Democracy 2023 observed on 15th September 2023 is “Empowering the next generation.”

  • The 2023 theme focus on the role of the children and young people in advancing democracy and ensuring that their voices are included in the decisions that have a profound impact on their world.

Background:
i.On 8th November 2007, the United Nations General Assembly (UNGA) adopted a resolution A/RES/62/7 and proclaimed the 15th September of every year as the International Day of Democracy.
ii.The first International Day of Democracy was observed on 15 September 2008.
About Inter-Parliamentary Union (IPU):
President and Head of Executive Committee– Duarte Pacheco
Headquarters– Geneva, Switzerland
Established in– 1889

National Engineer’s Day 2023- September 15 National Engineer’s Day is annually observed across India on 15th September to commemorate the birth anniversary of Bharat Ratna Sir Mokshagundam Visvesvaraya (15 September 1861), one of the greatest Engineers in India, who is known as India’s first civil Engineer.

  • This day also honours engineers for their vital role in shaping society and recognizes the contributions made by engineers to India’s development through innovation and technology.

The theme of National Engineer’s Day 2023 observed on 15th September 2023 is, ‘Engineering for a Sustainable Future,’ which highlights engineers’ role in addressing global challenges.
Background:
i.In 1968, the Government of India (GoI) declared the birth anniversary of Mokshagundam Visvesvaraya, as National Engineers’ Day.
ii.Since then, National Engineers’ Day has been celebrated in India on September 15th each year as a tribute to his legacy and acknowledges the contributions made by engineers to India’s growth and development.
About Institution of Engineers India (IEI):
IEI was incorporated under the Royal Charter on 9th September 1935 by the then His Majesty King George V. After Independence(1947), IEI became a “Body Corporate” protected under Article 372 of the Constitution of India and is administered by a National Council.
President– Er. Shivanand Roy
Headquarters– Kolkata, West Bengal
Established in– 1920

Current Affairs- 15 September 2023

Cabinet Approval on September 13, 2023The Union cabinet chaired by Prime Minister(PM) Narendra Modi has approved the following proposals on 13th September 2023.
i.Resolution on the success of the New Delhi Group20 (G20) Summit
ii.The Union Cabinet approved the extension of Pradhan Mantri Ujjwala Yojana (PMUY) 2.0 for release of 75 lakh LPG (Liquefied Petroleum Gas) connections over 3 years from Financial Year 2023-24 to 2025-26.
iii.Approved the eCourts Project Phase III as a Central Sector Scheme spanning 4 years (starting from 2023 onwards) with financial outlay of Rs.7210 crore.
iv.Approval of MoUs between India and 3 other Countries

  • MoU between India and Armenia, India and Antigua & Barbuda,  India and Sierra Leone

v.Approval of M/s Berhyanda Limited of Cyprus acquisition of 76.1% equity shares from Suven Pharmaceuticals Limited for about Rs.9589 crores.
About Armenia:
President – Vahagn Khachaturyan
Capital – Yerevan
Currency – Armenian Dram
About Antigua & Barbuda
Prime Minister  – Gaston Browne
Capital – Saint John’s
Currency – East Caribbean Dollar
About Sierra Leone
President – Julius Maada Bio
Capital – Freetown
Currency –  Sierra Leonean Leone


NITI Aayog Completes Special Campaign 2.0 for Disposal of Pending Matters and Swachhta
The National Institution for Transforming India (NITI Aayog) has successfully completed its Special Campaign 2.0, which aims to resolve pending matters and promote cleanliness (Swachhta) within government offices.

  • The Special Campaign 2.0, initiated by the Department of Administrative Reforms and Public Grievances (DARPG), under the Ministry of Personnel, Public Grievances and Pensions, was undertaken from November 2022 to August 2023.
  • About 95% of public grievances and appeals were successfully addressed during the campaign period.
  • Special Campaign 2.0 is a step towards transparent, efficient governance and cleanliness in government institutions.

The main goal of Special Campaign 2.0 was to quickly and effectively resolve public complaints, as well as  references from Members of Parliament, State Governments, and other government agencies.
Note: As a tribute to Mahatma Gandhi’s vision of  “A Clean India” DARPG initially launched campaign for disposal of pending matters from 2nd to 31st October 2021. With the success of the campaign, DARPG decided to continue the campaign in 2022 and further in 2023.


IIT Kanpur Partners with ICICI Bank to Foster Startup EcosystemThe Indian Institute of Technology (IIT), Kanpur in Uttar Pradesh(UP) has signed a Memorandum of Understanding (MoU) with the ICICI Bank Limited to support the startup ecosystem at provide the Startup Incubation and Innovation Centre (SIIC) IIT Kanpur.

  • The partnership  offers a comprehensive support system to early-stage ventures.

Features of the MoU:
i.Under this MoU, IIT Kanpur and ICICI Bank will facilitate joint efforts to equip startups and innovators at the SIIC with essential tools and knowledge.
ii.The MoU will focus on improving the understanding of foreign trade policies among incubatees and conducting workshops and seminars to help them engage in international markets.
iii.As a part of the partnership, IIT Kanpur and ICICI bank will jointly hosst events for startups, to cutivate a broader environment of innovation and entrepreneurship that extends beyond financial services.
Role of ICICI bank:
i.ICICI Bank helps innovators, incubatees, and students at IIT Kanpur with pre- and post-transaction compliance while engaging with Private Equity (PE) and Venture Capital (VC) support.

  • This includes verifying and submitting regulatory documents through digital means.

ii.This simplifies the process and enhances accessibility to financial resources for emerging entrepreneurs.
ICICI Bank Got RBI Approval to make I-Process as its Wholly-Owned Subsidiary
The Reserve Bank of India (RBI) has approved ICICI Bank Limited to convert I-Process Services (India) Private Limited (I-Process) into a wholly-owned subsidiary, subject to specific conditions.

  • ICICI Bank’s Board members already approved the proposal in February 2023.
  • The estimate cost of conversion is Rs 15.40 crores (subjected to finalisation)
  • ICICI Bank currently holds 19%  stake in I-Process.

About I-Process Services (India) Private Limited (I-Process):
I-Process Services (India) Private Ltd. is a leading company in financial service recruitment.It provides staffing solutions services for some of India’s top financial institutions.
Chief Executive Officer (CEO) – Prashant Mohta
Headquarters – Gurugram, Haryana
Established in – 2005
About ICICI Bank Limited:
Managing Director(MD) and Chief Executive Officer (CEO) – Sandeep Bakhshi
Headquarters – Mumbai, Maharashtra
Established in – 1994
Tagline – Hum Hai Na Khayal Apka


Max Life Launched Life Insurance & Health Combined Insurance Policy Named ‘SEWA’ Max Life Insurance Company Limited has launched a new insurance plan “Max Life Secure Earnings & Wellness Advantage (SEWA) Plan” that combines the benefits of health and life insurance under a single plan.
It allows the insured to fulfill the healthcare needs of their family while simultaneously ensuring a financial backup for future expenses.

  • It integrates health, protection, savings, and wellness benefits for the insured and offers a comprehensive plan that covers hospitalisation, Intensive Care Unit (ICU) charges, etc. along with life cover.
  • SEWA Plan is available in 2 variants namely: Elite Variant and Lite Variant. 

Some Features of SEWA Plan:
i.The SEWA plan offers guaranteed returns on premiums. There is also partial withdrawal allowed through a traditional guaranteed plan. The guaranteed returns are payable as a lump sum at maturity.
ii.The policy also offers an in-built health coverage over and above the existing health insurance plan.
iii.It provides an option to take loans against policy to help customers in case of financial emergencies, but only when the policy has acquired a surrender value, which can be a maximum of 75% of the surrender value.
iv.The policy also provides a discount of 5% on first-year premiums to female and transgender customers.
Some Benefits of SEWA:
i.The policy offers a death benefit to the nominee in case of death of the insured.
ii.The customers are entitled to loyalty boosters on each premium payment during the premium paying term.
iii.A savings booster benefit is added to the accrued policy benefit at the end of each month post-completion of the premium paying term.

  • This benefit applies only to the Elite variant of the plan.

Wellness App:
i.Max Life Insurance also offers customers with an interactive holistic wellness app named ‘Max Fit‘.
ii.The Max Fit app offers personalised health and wellness solutions promoting physical, mental, and emotional well-being through 24*7 live support for addressing all health concerns.
iii.The app encourages the customers to lead a disciplined and healthier lifestyle, by providing enhanced maturity benefits.
About Max Life Insurance Company Limited:
Managing Director & Chief Executive Officer– Prashant Tripathy
Headquarters– Gurugram, Haryana
Established in– 2000
Commenced Operations– 2001


RBI Issues Guidelines on Responsible Lending ConductRevises Banks’ Investment Portfolio Norms, w.e.f April 1, 2024i.On September 13, 2023, the Reserve Bank of India (RBI) issued guidelines on Responsible Lending Conduct which directs Regulated Entities (REs) to release all original movable or immovable property documents, and remove charges registered with any registry within 30 days of full repayment or settlement of personal loans by borrowers.
ii.If REs delay property document release or fail to file charge satisfaction forms after 30 days post-loan settlement, they must explain the reasons to the borrower. If the delay is REs’ fault, they must compensate the borrower at Rs 5,000/day.
iii.RBI also revised its guidelines on categorizing the investments by banks, to align them with global standards by issuing RBI (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2023 which will be effective from April 1, 2024.
iv.RBI introduced a new category of investment, Fair Value Through Profit and Loss (FVTPL) account.
v.As per the revised norms, banks will have to classify their entire investment portfolio under three categories viz. Held-to-Maturity (HTM), Available for Sale (AFS) and FVTPL.
About Reserve Bank of India (RBI):
Governor – Shaktikanta Das
Deputy Governors – Swaminathan Janakiraman, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra


SIDBI partners with Tata Power to Finance Solar Rooftop Initiatives for MSMEsA Memorandum of Understanding (MoU) was signed between the Tata Power Solar Systems Limited (TPSSL), and Small Industries Development Bank of India (SIDBI) to offer an easy financing option for Micro, Small & Medium Enterprises (MSMEs).

  • TPSSL is the wholly owned subsidiary of Tata Power Renewable Energy Limited (TPREL) while TPREL is a subsidiary of Tata Power.

Signatories:
Dr. Praveer Sinha, Chief Executive Officer (CEO) & Managing Director (MD), Tata Power; and Sivasubramanian Ramann, Chairman & Managing Director (CMD), SIDBI signed in the presence of Minister of State (MoS) of Finance, Dr. Bhagwat Karad,  at the Global SME Finance Forum 2023 in Mumbai, Maharashtra.
Key Points:
i.TPSSL and SIDBI will encourage solar energy adoption among MSMEs by offering customized financing solutions through SIDBI’s 4E (End to End Energy Efficiency) Scheme.

  • The initiative aims to reduce CO2 footprints and contribute to India’s clean energy goals.

ii.MSMEs that are willing to opt for Rooftop Solar PV Plant or associated services from Tata Power or its authorised Channel Partners across India will be financially supported by SIDBI .

  • Notably, SIDBI has set up a mission solar to provide financing to 2,000 MSMEs for solar rooftops.

iii.During the forum, TPSSL and SIDBI launched ‘The Big Solar Fest’ offering zero processing fees during the festival season to promote solar adoption among MSMEs, enhancing sustainability.
Background:
The MoU signed was the outcome of  success and positive feedback received from the collateral-free solar financing initiative introduced by TPSSL and SIDBI in 2021.


Indian Fashion Designer honoured with France’s Chevalier dans l’Ordre des Arts et des LettresThe Government of France has awarded the “Chevalier de l’Ordre des Arts et des Lettres” (Knight of the Order of Arts and Letters) to the Indian Fashion Designer Rahul Mishra.  The award recognises his achievements in the field of arts as a designer, and his commitment to promote Indian crafts and know-how internationally.

  • The award also honours his contribution to the cultural relationship and cooperation between France and India.
  • On 12th September 2023, Emmanuel Lenain, Ambassador of France to India, presented the insignia of the award to Rahul Mishra at a special ceremony at the Residence of France, New Delhi, Delhi.

About Rahul Mishra:
i.Rahul Mishra, hailing from Uttara Pradesh(UP), is known for combining  slow fashion with traditional Indian crafts.
ii.He made his debut in 2006 at the Lakme Fashion Week with a collection using cotton handloom from Kerala. Later in 2014, he made his global debut with his prêt-à-porter collection at Paris Fashion Week in 2014.
iii.In 2009, He became the first non-European designer to win the prestigious scholarship at the Istituto Marangoni, Milan, Italy.
Awards & Achievements:
i.He was won the International Woolmark Prize 2013/14 for his “Lotus Effect” collection. He was the first Indian to win the award.

  • His work from this collection was featured in the Victoria & Albert Museum from 2015 to 2016.

ii.In 2020, he became the first Indian to showcase his work at the Paris Haute Couture Week. He was invited as a guest by the Fédération de la Haute Couture et de la Mode.
iii.He was the first Indian designer to feature on online rental boutique, Rent the Runway.  
Ordre des Arts et des Lettres:
i.It is an Order of France established by the Minister of Culture in 1957 and confirmed as part of L’ordre National du Mérite by president Charles de Gaulle in 1963.
ii.It is the most significant arts-specific honour conferred by the Government of France that honours personalities who have made significant contribution to the music field, arts, literature and the cultural and artistic legacy of Indo-France relations.
iii.The award is given at three levels: Commandeur (Commander), Officier(Officer), Chevalier (Knight).


KKR Set to Invest Rs 2069.50 Crore in Reliance Retail
The global investment firm KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is set to invest Rs 2,069.50 crore into Reliance Retail Ventures Limited (RRVL) to raise its total equity stake to 1.42% from 1.17% on a fully diluted basis.
This investment will translate into an additional equity stake of 0.25% in RRVL on a fully diluted basis.

  • The investment is at a pre-money equity value of Rs 8.361 lakh crore (around USD 100 billion).
  • The deal makes RRVL one of the top four companies by equity value in India.

RRVL is the retail arm and a subsidiary of Reliance Industries Limited(RIL). KKR had earlier invested Rs 5,550 crore in RRVL in 2020.

  • In September 2023, RIL received Rs 8278 crore from Qatar Investment Authority (QIA) for around 1% stake in RRVL.

WHO Launches 2 New Resources Designed to Strengthen Suicide Prevention EffortsOn 12th September 2023, the World Health Organization (WHO) launched 2 resources designed to strengthen suicide prevention efforts. The 2 resources are

The resources provide important guidance on two areas that are critical to suicide prevention efforts namely Responsible reporting of suicide by the media and Decriminalization of suicide and suicide attempts.
About World Health Organisation (WHO)
Director General– Dr Tedros Adhanom Ghebreyesus
Headquarters– Geneva, Switzerland
Established on– 7 April 1948


AWS Signed MoU with ISRO & IN-SPACe to Support Space-tech Innovations through Cloud ComputingAmazon Web Services (AWS) India Private Limited has signed a Memorandum of Understanding (MoU) with the Indian Space Research Organization (ISRO) and Indian National Space Promotion and Authorization Centre (IN-SPACe) to support space-tech innovations through cloud computing.

  • Cloud computing provides speedy handling of enormous numbers of raw space data as well as the execution of Artificial intelligence (AI), Machine learning (ML) and analytics workloads to achieve meaningful results at a low cost.

About the Partnership:
i.The partnership will support space startups, research institutes, and students access to cutting edge cloud technologies that accelerate the development of new solutions in the space sector.
ii.They will also work together on a new initiative to utilise AWS education programmes to train students and educators in cloud computing, AI, ML, analytics, and security.
iii.This partnership follows the Government of India’s Indian Space Policy 2023.

  • The policy provides a strategic roadmap for the growth and development of India’s space program and ambitions.

A Startup Support Initiative:
i.Through the AWS Activate program, AWS will provide eligible space startups tools, resources, and expert technical support at no cost.

  • This will enable startups to build innovative solutions and commercialise them faster.

ii.Startups will also benefit from access to AWS and its global experience of building aerospace and satellite solutions through the AWS Space Accelerator program.
About the Indian National Space Promotion and Authorization Centre (IN-SPACe):
IN-SPACe was established under the Department of Space (DOS) as a single window agency for all space sector activities of private entities.
Chairman – Dr. Pawan Kumar Goenka
Headquarters – Ahmedabad, Gujarat
Established – 2020


SAFF U16 Championship 2023: India Won the Title Defeating Bangladesh
Indian Under 16 (U-16) men’s football team won the South Asian Football Federation (SAFF) U-16 Championship 2023 title defeating Bangladesh (2-0) in the finals. The 2023 SAFF U16 Championship was held from 2nd to 10th September 2023 in Changlimithang Stadium in Thimphu, Bhutan.

  • 2023 SAFF U16 Championship is the 8th edition of the SAFF U-15/U-16/U-17 Championship, the annual international football competition contested by the national teams of SAFF members(India, Nepal, Bangladesh, Bhutan, Maldives, Pakistan).

i.This marks the 5th title of India in the SAFF U-15/U-16/U-17 Championship.

  • With this India became the most sussessful team of the tournament with 5 titles (U15 title in 2017 & 2019; U16 title in 2013 and 2023 and U-17 title in 2022).

ii.Bharat Lairenjam scored a goal in the first half in the 8th minute, while Levis Zangminlun secured the winning goal for Indi in the second half in the 74th minute, leading to a victory for India.
iii.Suraj Singh won the Best Goalkeeper award and Mohammed Arbash(MD Arbash) won Most Valuable Player (MVP) and also bagged the Highest Goal Scorer award with 3 goals.
Note: SAFF formed in 1997, is an organization working to develop and make football more accessible for everyone within the South Asian football-playing countries. SAFF’s motto is ‘Unity in Strength’


N S Srinivasan, Traffic Expert & Founder Director of NATPAC, Passed Away
Dr. NS. Srinivasan, a renowned highway and traffic expert, and Founder Director of the National Transportation Planning and Research Centre (NATPAC), passed away at the age of 89 at his residence in Chennai, Tamil Nadu(TN). He was born in Nallur, TN

  • He served as Head of the Traffic and Transportation Division of the Central Road Research Institute, New Delhi, Delhi for 13 years from 1963 to 1976.
  • From 1976 to 1988, he served as the executive director of NATPAC. He also served as an Advisor to the Kerala Road Fund Board (KRFB).
  • He served as a World Bank advisor to prepare a highway network plan for Yemen. He has prepared transportation plans for Delhi, Bengaluru (Karnataka), and other cities including the 9th Asian Games of Delhi & 8th World Tamil Conference at Thanjavur (TN).
  • He also served at Anna University (Chennai) as a visiting professor in Transportation Engineering from 1990 to 2002. After retirement, he started the Transport Advisory Forum (TAF).
  • He has been acknowledged as “the man who brought order to Delhi’s roads”, “Roving Organizer”, “Pioneer in Traffic Planning”, and “the Father of Traffic Engineering in India”.

Awards: He was honoured with several awards including the President of India’s Prize of the Institution of Engineers (India) for the year 1973-74.
Note: NATPAC is an institution under the Kerala State Council for Science, Technology and Environment (KSCSTE) in Thiruvananthapuram (Kerala)


Hindi Diwas 2023- September 12 Hindi Diwas (Hindi Day) is annually observed across India on 14th September to commemorate the adoption or declaration of Hindi, written in the Devanagari script as one of the official languages of India.

  • This day is observed to celebrate and recognise the linguistic diversity of India, with a focus on the Hindi language’s significance in India’s identity.

Background:
Pandit Jawaharlal Nehru, the first Prime Minister(PM) of Independent India proclaimed the 14th September of every year as the Hindi Diwas to commemorate the adoption of Hindi as official langaugae of India on 14th September 1949.

  • The first ever Hindi Diwas was observed on 14th September 1953.

About Ministry of Home Affairs(MHA):
The Department of Official Language was set up in June 1975 as an independent Department of the MHA.
Union Minister– Amit Shah (Constituency- Gandhi Nagar, Gujarat)
Ministers of State– Nityanand Rai; Ajay Kumar Mishra; Nisith Pramanik


Odisha Govt Signed MoU with 6 Public Sector Banks to Provide Banking Services in Unbanked GPs of OdishaOn 13th September 2023, the Government of Odisha signed a Memorandum of Understanding (MoU) with 6 Public Sector Banks(PSBs), to provide banking services in all unbanked Gram Panchayats (GPs) of Odisha through Customer Service Point-plus (CSP plus) banking outlets.

  • The 6 PSBs are: State Bank of India (SBI), Punjab National Bank (PNB), Union Bank of India (UBI), UCO Bank of India, Bank of India (BoI), and Bank of Baroda (BoB).
  • Odisha is the first state in India to adopt such an exemplary model for providing banking services to all GPs.

Key People:
The MoU was signed in the presence of Anu Garg, Development Commissioner Cum Additional Chief Secretary Water Resources, Government of Odisha; Vishal Kumar Dev, Principal Secretary of Finance department, Government of Odisha.
Banking Penetration in Odisha:
i.Financial inclusion is a high-priority agenda of the Government. It continues to be a critical challenge since banking penetration in Odisha is quite low and not uniform across the districts.

  • Out of 6798 GPs, around 65% of GPs (4373 GPs) do not have brick-and-mortar branches.

ii.For increasing banking penetration and financial inclusion, brick-and-mortar branches are an integral component.
iii.Since banking is an essential service for financial inclusion, every GP of Odisha needs to be provided with a brick-and-mortar branch for easy access to banking services and to strengthen the Direct Benefit Transfer (DBT) system.
Scheme for providing banking services to GPs:
i.In August 2023, the Odisha cabinet approved a scheme under which brick-and-mortar infrastructure will be offered to banks to roll out their services in all 4,373 unbanked GPs through CSP-plus outlets with a budgetary support of Rs. 500 crore.
ii.The scheme will be implemented in a phased manner to cover all unbanked GPs of Odisha within the current financial year 2023-24.
iii.Odisha Govt will provide rent-free banking space for 5 years and bear one-time expenses for Fixed Costs and Recurring expenses for 3 years.

  • This is one of the landmark initiatives by any state government to transform financial inclusion and take it to the next level.

Benefits:
i.People residing in all unbanked GPs of Odisha will have easy access to all kinds of banking services, free of cost.
ii.Senior citizens, Differently-abled People, and Pregnant women will get doorstep banking services and avail of the DBT of the Odisha government in a timely manner.
About Odisha:
Chief Minister– Naveen Patnaik
Governor– Ganeshi Lal
Dance Forms– Ghumura Dance (Folk), Odissi (Classical)


Assam Governor Gulab Chand Kataria Launches “Sarpanch Samvad” Mobile App of QCI
Assam Governor Gulab Chand Kataria launched the ‘Sarpanch Samvad’, a mobile app developed by the Quality Council of India (QCI) in Raj Bhavan, Guwahati, Assam.

  • The objective of this initiative is to provide comprehensive support to sarpanchs across India and encourage their development as leaders.

Current Affairs – 14 September 2023

India G20 Summit, 9 September 2023 – 10 September 2023The two-day 18th G20 (Group of 20) Leaders’ Summit, under India’s presidency, happened in Bharat Mandapam International Exhibition and Convention Centre, Pragati Maidan, New Delhi from September 9th to 10th, 2023. This is the first ever G20 Summit being hosted by India.

  • The meeting was held under the theme of “Vasudhaiva Kutumbakam” or “One Earth – One Family – One Future”. It is inspired from the Maha Upanishad, an old Sanskrit scripture.
  • The theme also spotlights LiFE (Lifestyle for Environment).

Key Attendees:
The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union.

  • G20 Invitees: The Nations invited by India included delegates from these countries: Bangladesh, the Netherlands, Nigeria, Egypt, Mauritius, Oman, Singapore, Spain, and the United Arab Emirates (UAE).
  • G-20’s invited international organisations included UN (United Nations), IMF(International Monetary Fund), World Bank, WHO (World Health Organization), WTO (World Trade Organization), ILO(International Labour Organization), FSB (Financial Stability Board), OECD (Organization for Economic Co-operation and Development), AU (African Union), NEPAD (New Partnership for Africa’s Development) , ASEAN (Association of Southeast Asian Nations), ADB (Asian Development Bank), ISA (International Seabed Authority), and CDRI (China Development Research Institute).
  • On September 9, 2023, at the G20 Summit held in New Delhi, Prime Minister Shri Narendra Modi launched the Global Biofuel Alliance (GBA), a collective effort aimed at reducing the world’s dependency on petrol and diesel fuels.
  • During the 18th G20 Summit, Indian PM Narendra Modi announced that the African Union has been included as a member of the G20, making it the 21st member.

NABARD Inks MoU with UNDP India to Boost Data-Driven Innovations in AgricultureOn September 12, 2023, the United Nations Development Programme (UNDP) and the National Bank for Agriculture and Rural Development (NABARD) signed a 5-year Memorandum of Understanding (MoU) on technical cooperation for the joint development of data-driven innovations in agriculture and food systems to support smallholder farmers.
Aim:
To promote sustainable agriculture, reducing vulnerability by sharing best practices and optimizing investments
Signatories:
It was signed by Chief General Manager of NABARD, Sanjeev Rohilla, and UNDP Deputy Resident Representative, Isabelle Tschan.
What will be done under the MoU?
i.Under this MoU, NABARD and UNDP will share open-source data for product development, technology transfer, collective climate action, and agrarian policy support to enhance the livelihoods of smallholder farmers.
ii.UNDP will utilize its expertise in open innovations, data collaboratives, data science, and global knowledge to support NABARD’s goal of data-driven decision-making in agriculture investments.
iii.UNDP and NABARD will analyze agricultural trends over time to optimize investment decisions in areas like watershed management, micro-irrigation, warehouse, and climate-related initiatives.
iv.The partnership will also include enhancing and disseminating collaborative digital public goods like DiCRA (Data in Climate Resilient Agriculture).
About DiCRA and how it will be useful in this partnership:
Curated by UNDP and partner organizations, it provides intelligence on climate resilience for 50 million hectares of farmland across India. It identifies resilient and vulnerable farms by using data science and machine learning, crucial for India’s 80% of rural women employed in agriculture, who are highly vulnerable to climate change.

  • As a part of the partnership, NABARD will host and maintain the DiCRA platform and utilize its geospatial datasets for policy-making, research, and development activities with UNDP’s technical support.

About National Bank for Agriculture and Rural Development (NABARD):
Chairman– Shaji K V
Headquarters– Mumbai, Maharashtra
Established on 12 July 1982


MoLE Signs MoUs with Private Job Portals/Employers to Integrate with NCS PortalOn September 12, 2023, the Ministry of Labour and Employment (MoLE) signed Memorandums of Understanding (MoUs) with various job portals, employers, and skill providers to integrate with its National Career Service (NCS) portal.

  • This collaboration allows private job portals to share their job openings on the NCS platform, expanding employment opportunities for registered jobseekers of NCS.
  • This partnership is set to benefit over 30 lakh eShram registered workers in the unorganized sector who have joined NCS.

Notes:
i.The eShram portal is used for enrollment, registration, collection and identification of the required data of all the unorganised workers
ii.NCS is a mission mode project launched in 2015 which is being implemented by the Directorate General of Employment, MoLE. It is a one-stop solution providing employment and career related services to the citizens of India.
Aim of MoUs:
To enhance employment opportunities and services for jobseekers on NCS portal
Signatories:
MoUs were signed by Amit Nirmal, Deputy Director General (Employment) on behalf of MoLE presence of Arti Ahuja, Secretary, MoLE; and Ramesh Krishnamurthi, Additional Secretary (Labour and Employment).
Entities with which MoUs were Signed:

Other MoUs by MoLE:
i.MoLE partnered with TCS iON to offer free online soft skills employability training in English and Hindi, enhancing jobseekers’ employability and workforce quality.

  • TCS iON is a strategic unit of Tata Consultancy Services (TCS) focused on Manufacturing Industries (SMB), Educational Institutions and Examination Boards.

ii.MoLE also signed an MoU with HireMee to provide free aptitude tests, benefiting both jobseekers and employers by streamlining candidate selection.


12th India-UK EFD: Announced the launch of UK-India Infrastructure Financing BridgeIndia and the United Kingdom (UK) announced the launch of the UK-India Infrastructure Financing Bridge (UKIIFB) during the 12th Round of Ministerial India-UK Economic and Financial Dialogue (EFD) held in New Delhi, Delhi on 11th September 2023, to secure long-term investment for vital infrastructure sectors in India.

  • UKIIFB is a collaborative initiative signifies the continuing commitment of both nations to work in close cooperation toward unlocking substantial infrastructure investment opportunities in India.
  • UKIIFB initiative also provide expertise and investment to support the National Infrastructure Pipeline of India.

About the United Kingdom (UK):
Capital– London
Prime Minister– Rishi Sunak
Currency– Pound Sterling, or Great British Pound (GBP)


Rajnath Singh Inaugurates 90 Infrastructure Projects Worth Over Rs 2900 Crore  By BROUnion Minister Rajnath Singh, Ministry of Defense inaugurated 90 infrastructure projects constructed by Border Road Organisation (BRO) at a ceremony organised by the BRO at Devak Bridge on Bishnah-Kaulpur-Phulpur Road in Jammu and Kashmir.

  • The projects have been constructed in 11 border States and Union Territories of India.
  • The BRO completed the construction of these projects with Rs 2941 crores in less time frame using state-of-the-art technology.

Note: The state-of-the-art 422.9 meter long Class 70 RCC Devak bridge enhances the operational preparedness of the Armed Forces.
Infrastructure Projects and Locations:
i.The infrastructure projects  include Nechiphu Tunnel in Arunachal Pradesh; two airfields in West Bengal, two helipads, 22 roads and 63 bridges.
ii.Among these 90 projects Arunachal Pradesh hosts 36 of them, Ladakh is home to 26, Jammu & Kashmir accommodates 11, Mizoram sees five, Himachal Pradesh has three

  • Sikkim, Uttarakhand, and West Bengal each have two.
  • There is one project in Nagaland, one in Rajasthan, and one in the Andaman & Nicobar Islands.

Nechiphu Tunnel in Arunachal Pradesh:
The tunnel is of 500-metre long located  on Balipara-Charduar-Tawang Road in Arunachal Pradesh.

  • The all-weather connectivity tunnel will be used by Armed Forces deployed and the tourists to visit Tawang Region of Arunachal Pradesh.

Bagdogra and Barrackpore Airfields:
The Bagdogra and Barrackpore Airfields in West Bengal were renovated to bolster the preparedness of the Indian Air Force (IAF) and to facilitate commercial flight operations in the region.
Upcoming Projects:
i.Nyoma Airfield: The foundation stone was also laid for Nyoma Airfield in Eastern Ladakh to be developed at a cost of Rs 200 crore.
ii.Shinkun La Tunnel: the world’s highest tunnel at an altitude of 15,855 feet. to connect Lahaul-Spiti in Himachal pradesh to the Zaskar Valley in Ladakh.


Govt Inaugurated VSK; Laid foundation stone for 141 PM SHRI Schools & NSCBAV in UttarakhandUnion Minister Dharmendra Pradhan, Ministry of Education(MoE) and Ministry of Skill Development and Entrepreneurship (MSDE) along with Pushkar Singh Dhami, Chief Minister (CM) of Uttarakhand, inaugurated the Vidya Samiksha Kendra (VSK) in Dehradun, Uttarakhand.

  • They also laid the Foundation Stone of 141 Pradhan Mantri Schools for Rising India (PM SHRI) Schools and 40 bed Netaji Subhash Chandra Bose Awasiya Vidyalaya (NSCBAV) (residential school) in Deharadun Uttarakhand.
  • PM SHRI Schools will serve as the  models for the existing schools to achieve excellence and the NSCBAV will provide quality education to underprivileged children.

Vidhya Samiksha Kendra (VSK) in Uttarakhand:
i.VSK is a technology-based and modern data-driven model that aims to enhance the learning outcomes of Uttarakhand’s 23.50 lakh school students of Uttarakhand.

  • The Education Department of the Government of Gujarat set up India’s first VSK in 2019 as a prototype, aimed at leveraging data and technology to bring a transformation in learning outcomes.

ii.Since the introduction of the National Education Policy 2020 (NEP 2020), VSK has expanded its reach across India, ensuring a standardised and effective approach to education.

  • NEP 2020 is a philosophical document for creating a knowledge-based economy in the 21st century.


i.Government of India (GoI) has sanctioned more than Rs 79 crore for this financial year for 142 PM-Shri schools and 3 Netaji Subhash Chandra Bose residential hostels in the Uttarakhand.
ii.More than Rs 18 crore has already been sanctioned by the Union government for the 1st phase.
Other Launches & Highlights:
i.During the event, the Union Education Minister Dharmendra Pradhan and Uttarakhand CM Pushkar Singh Dhami also launched the Chief Minister Higher Education Meritorious Scholarship Scheme and Higher Education Research Incentive Scheme for Uttarakhand.
ii.The Research Scholarship aligns with the National Research Foundation in which teachers of Uttarakhand will be receiving grants for their research projects.

  • Under this scheme, the Uttarakhand government will provide a grant of Rs. 15-18 lakhs to those who want to go ahead with research.

iii.The Union Minister Dharmendra Pradhan also attended the Amrit Kaal Dialogue at the University of Petroleum and Energy Studies at Bidholi, Uttarakhand.


IICA & UNICEF jointly organize workshop on Business Responsibility and Sustainability Reporting On September 12, 2023, the Indian Institute of Corporate Affairs (IICA) organised a workshop on Business Responsibility and Sustainability Reporting (BRSR) in collaboration with UNICEF (United Nations Children’s Fund) and National Stock Exchange of India Limited (NSE) at the NSE premises in Mumbai, Maharashtra.

  • It was inaugurated by Dr. Harish Ahuja, SVP (Senior Vice President) & Head PSD – Power & Carbon Markets, Investor Awareness, NSE.
  • The workshop was part of the ongoing collaboration between IICA and UNICEF  to promote responsible business conduct among corporates and relevant stakeholders in India.

Aim:
The workshop aimed to provide a comprehensive understanding of the BRSR framework.
What is BRSR framework?
It is based on the 9 principles of the National Guidelines for Responsible Business Conduct (NGRBC).  It mandates the top 1000 listed companies to report their ESG performance, showcasing their dedication to responsible business conduct.
Participants:
The workshop was attended by more than 50 Sustainability, CSR (Corporate Social Responsibility), ESG (Environment, Social and Governance) and BHR (Business Human Rights) professionals from key corporate entities.
Key Points:
i.Workshop topics included CSR and ESG for building responsible brands, effective BRSR disclosures, digital tools, IT portal/software for BRSR, and the application of family-friendly policies in business.
ii.Participants enhanced their BRSR knowledge and implementation skills through interactive learning and peer networking.
iii.Upcoming BRSR workshops are scheduled in different Indian cities, including Indore, Madhya Pradesh (MP) (20 Sept.), Delhi (26 Sept.), and Bengaluru, Karnataka (29 Sept.).
Points to note:
IICA: It was established as a think-tank of the Ministry of Corporate Affairs (MCA) which provides necessary support through policy advocacy, research and capacity building programmes to Government, Corporates, and other relevant stakeholders.
SoBE: School of Business Environment (SoBE), a school within IICA, has the mandate to work in the domains of CSR, ESG and BHR to strengthen the Responsible Business ecosystem.
About Indian Institute of Corporate Affairs (IICA):
IICA was registered as a society on September 12, 2008 under the Societies Registration Act, 1860.
Director General & CEO– Praveen Kumar
Headquarters– Gurugram, Haryana

MNRE Extends Waiver of DCR for Solar Cells Under Comp C of PM KUSUM till March 2024 The Ministry of New & Renewable Energy (MNRE) has extended the relaxation for the provision of requirement of indigenous domestic content requirement (DCR) under Component C of Pradhan Mantri Kisan Urja Surakshaevam Utthaan Mahabhiyan Yojana (PM-KUSUM Scheme) till 31st March 2024.

  • The DCR requirement for solar cells was waived off for projects awarded on or before June 20, 2023.
  • This is a continuation of the memorandum issued by MNRE in August 2022, which extended the DCR waiver until 20th June 2023. This decision comes after receiving industry representations on the matter.

About PM KUSUM Scheme:
i.Pradhan Mantri Kisan Urja Surakshaevam Utthaan Mahabhiyan Yojana (PM-KUSUM Scheme) was launched in March 2019 by the MNRE, to subsidize farmers to install solar irrigation pumps for cultivation.
ii.It has 3 components:

  • Component A: 10,000 (Mega Watt) MW of solar capacity through installation of small Solar Power Plants of individual plants of capacity upto 2 MW.
  • Component B: Installation of 20 lakh standalone Solar Powered Agriculture Pumps.
  • Component C: Solarisation of 15 Lakh Grid-connected Agriculture Pumps.

Note: Component C is also known as Feeder Level Solarization(FLS). It envisages solarization of 10 Lakh grid connected agricultural pumps with unique pump capacity of upto 7.5 Horse Power (HP).
Key Points:
i.DCR Rule, which mandates the use of local solar cells and modules, is crucial for PM-KUSUM’s implementation.
ii.The extension aims to support the scheme’s efforts to decarbonize agriculture by promoting solar energy use in various forms.
iii.As of February 28, 2023, the scheme has installed 89.45 MW of solar capacity under Component A and approximately 2.09 lakh pumps have been installed or solarized under Components B and C, equivalent to about 1,140 MW of solar capacity.


Cashfree Payments Partners With NPCI To Launch Customer On-Boarding FeatureCashfree Payments India Private Limited in collaboration with National Payments Corporation of India (NPCI) launched “AutoPay on QR(Quick Response)”, a feature enabling customer onboarding through a 2-step process.

  • The 2 step process involves scanning the QR code and approving an e-mandate through Unified Payments Interface (UPI) apps.

Working:
i.Subscription-based businesses should circulate their subscription QR codes through various marketing channels like online ads, newspapers, websites, TV, and product packaging.
ii.This will eliminate the necessity to download an app or register on the website which is time consuming and poor onboarding experience.
Additional Info:
i.Cashfree Payments works with banks to build the core payments and banking infrastructure that powers the company’s products.
ii.It is also integrated with major platforms such as Shopify, Wix, PayPal, Amazon Pay, Paytm, and Google Pay.
About Cashfree Payments India Private Limited:
Cashfree Payments is a payments and banking technology company that enables businesses in India to collect payments online and make payouts.
Chief Executive Officer(CEO)- Akash Sinha
Headquarters-  Bengaluru, Karnataka
Established in-  2015
About National Payments Corporation of India (NPCI):
NPCI was launched in 2008 by the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007.
Chief Executive Officer(CEO)- Dilip Asbe
Headquarters-  Mumbai, Maharashtra


Mastercard And Invest India Along With Tourism Ministry Launched Enhanced Priceless.com‘Mastercard’ with the support  from the Ministry of Tourism and Invest India has launched Priceless.com to explore India’s history and culture (using latest travel trends).

  • Priceless.com will support the Dekho Apna Desh initiative of the Tourism Ministry.

About Priceless.com:
i.priceless.com is an extension of Mastercard’s global priceless platform that offers exclusive experiences and privileges to Mastercard cardholders around the world.
ii.It paves a way for  local and international travellers to experience the country’s diverse heritage.
iii.The program enables Mastercard cardholders to gain exclusive access to culture-rich, gastronomical, and wellness luxe experiences in New Delhi(Delhi), Agra(Uttar Pradesh), Jodhpur(Rajasthan), Dehradun (Uttarakhand), Pune(Maharashtra), etc.

  • The program offers many experiences including a visit to Qutub Minar in New Delhi and to the streets Old Agra.

Demand for travel:
According to the Mastercard Economics Institute’s Travel Industry Trends 2023, spending on experiences at travel destinations has increased by 65% since March 2019, driven by pent-up demand for travel.

  • Priceless.com is available exclusively to Mastercard cardholders which aims to create memorable, once-in-a-lifetime experiences for its cardholders.

Dekho Apna Desh initiative:
Introduced in Budget 2023, the scheme aims to promote domestic tourism and encourage people to explore the rich cultural heritage and diversity of India.

  • The scheme is intended to offer financial assistant to tourists travelling to different parts of India.

About Mastercard:
President – Ari Sarker( Asia Pacific)
Headquarters – NewYork, United States of America(USA)
Established in –  1966

About Invest India:
Invest India is the National Investment Promotion and Facilitation Agency of India, set up as a non-profit venture under the Department for Promotion of Industry and Internal Trade(DPIIT), Ministry of Commerce and Industry, Government of India.
Chief Executive Officer(CEO) – Nivruti Rai
Headquarters- New Delhi, Delhi
Established in – 2009
About Ministry of Tourism:
Union Minister – G. Kishan Reddy (Constituency: Secunderabad, Telangana)
Minister of State(MoS) – Ajay Bhatt (Constituency: Nainital – Udhamsingh Nagar, Uttarakhand) ; Shripad Yesso Naik (Constituency: North Goa, Goa)


Hindalco Partners with Italy’s Metra to Manufacture Extruded Products for Rail Coaches 
Hindalco Industries Limited signed a technology partnership with Rodengo Saiano, Italy-based Metra SpA to manufacture high-precision extruded products for high-speed aluminium rail coaches in India.

  • Extruded aluminium is important in the railway industry because it combines weight reduction and mechanical strength.
  • Hindalco plans to invest Rs.2,000 crore in making passenger coaches for the Vande Bharat trains and this technology partnership will provide cutting-edge technology for this effort.

Note:

  • Hindalco Industries Limited, the metals flagship company of Aditya Birla Group, is the world’s largest aluminium rolling and recycling company.
  • Metra SpA produces high-technology content aluminium extrusions for Railway, Mechanics, Industrial, Automobile and Architectural applications.
  • Extrusion is the process of shaping material such as aluminum, by forcing it to flow through a shaped opening in a die.

Air India Launches Project Abhinandan to Offer Enhanced On-Ground Experience to Passengers
Tata Sons-owned Air India launched “Project Abhinandan” (greetings in Hindi) to provide personalised and hassle free ground experience for its passengers.
As part of the Project Abhinandan, Specially trained Service Assurance Officers(SAOs) will be stationed at 16 major airports in India to provide support and assistance to Air India guests.

  • The 16 major airports include Ahmedabad(Gujarat), Bengaluru(Karnataka), Kochi & Kozhikode(Kerala), Chennai(Tamil Nadu), Delhi, Goa, Guwahati(Assam), Hyderabad(Telangana), Kolkata(West Bengal), Varanasi & Lucknow(Uttar Pradesh), Mumbai, Nagpur, Pune (Maharashtra), and Vishakhapatnam(Andhra Pradesh).
  • Over 100 Service Assurance Officers have already been recruited and deployed across airports.
  • These officers have been trained to deal with unexpected problems that travellers may have, such as missed flights, delayed baggage delivery, and misconnections.

GSITI Signs 5-year MoU with ISRO, for Capacity Building in Mineral Resources, Disaster Management The Geological Survey of India Training Institute (GSITI) in Hyderabad (Telangana) has signed a 5-year Memorandum of Understanding (MoU) with the Indian Space Research Organisation (ISRO) in Bengaluru (Karnataka) as part of the National Natural Resources Management System (NNRMS) programme.
Signatories:
The MoU was signed by Dr Mathew Joseph, Deputy Director General and Head of Mission-V, representing GSITI, and Dr JV Thomas, Director of Earth Observation Applications and Disaster Management Support Programme Office (EDPO), ISRO, in the presence of Shantanu Bhatawdekar, Scientific Secretary, ISRO.
Objective :
The primary objective of the project is capacity building through the generation of a skilled workforce (human resources) in the Application of Digital Image Processing and Geographic Information Systems (GIS) in Mineral Exploration, Advanced Remote Sensing Techniques in Mineral Exploration, and Applications of Geo-informatics in Disaster Management.
About the Collaborative Project Between GSITI & ISRO:
i.The scope of the collaborative project between GSITI and ISRO is to conduct a series of training for capacity building in the areas of mineral resources and disaster management within the framework NNRMS programme.
ii.This aims to provide individuals with the essential skills and knowledge required to contribute effectively to the sustainable management of natural resources and disaster response efforts.
iii.The Photo Geology and Remote Sensing (PGRS) Division at GSITI, Hyderabad will conduct 15 training programs over the next 5 years, with an estimated 300 participants.

  • These participants represent Central/State Government Departments, Public Sector Units (PSUs), faculty members, and research scholars of academic institutions.

About National Natural Resources Management System (NNRMS):
The NNRMS of the Ministry of Environment, Forest and Climate Change(MoEF&CC) is a Central Sector (National level) inter-agency system Scheme.
It aimed at the utilisation of Remote Sensing Technology for the Inventorisation, Assessment, and Monitoring of the country’s natural resources.
ISRO-developed Device Named ‘Nabhmitra’ for Fishers’ Safety Successfully Tested at Neendakara 
ISRO has successfully tested its innovative device named ‘Nabhmitra, which was developed at ISRO-Space Applications Centre in Ahmedabad, Gujarat. The device aims to enhance the safety of fishermen during their sea expeditions.

  • The testing took place at Neendakara in Kollam, Kerala, where the device was installed on a fishing vessel and tested in the presence of scientists and Fisheries department officials.
  • Nabhmitra operates on the basis of a satellite-based communication system that facilitates two-way communication, bridging the gap between sea and shore.

Features and Benefits of Nabhmitra:
i.Fishers receive crucial weather and cyclone warnings in their local language, and the boats can also send distress messages to the authorities.
ii.In emergencies such as capsizing or fire, fishers can swiftly send distress signals to the authorities in the control center with the push of a button.
iii.The control center instantly receives the distress alert, along with the precise location of the distressed vessel (boat), expediting rescue efforts, and the fishers on the distressed vessel receive prompt response messages.
iv.Apart from providing information about shipping channels and maritime boundaries, the device will also help to identify fishing fields.


Indonesia Masters 2023 Badminton: India’s Kiran George Wins Men’s Singles TitleIndia’s Kiran George won the men’s singles title at the BNI Indonesia Masters 2023 held from 5th to 10th September 2023 in Medan, Indonesia.

  • BNI Indonesia Masters 2023 is the Badminton World Federation(BWF) World Tour Super 100 tournament.
  • This marks Kiran George’s second BWF Super 100 title after he won his maiden title at the Odisha Open in 2022.

Highlights:
i.Men’s Singles: India’s Kiran George won the men’s singles title by defeating Koo Takahashi of Japan in the finals.

  • This win helped him to get the career-best BWF 39th rank in men’s singles.

ii.Women Singles: Ester Nurumi Tri Wardoyo of Indonesia won the women’s singles title by defeating Chiu Pin-Chian of Chinese Taipei in the finals.
iii.Men’s Doubles: Sabar Karyaman Gutama and Muhammad Reza Pahlevi Isfahani of Indonesia won the men’s doubles title by defeating Kakeru Kumagai and Kota Ogawa of Japan.
iv.Women’s Doubles:  Lanny Tria Mayasari and Ribka Sugiarto of Indonesia won the women’s doubles title by defeating Chang Ching Hui and Yang Ching Tun of Chinese Taipei.
v.Mixed Doubles:Roy King Yap and Valeree Siow of Malaysia won the mixed doubles title by defeating Hiroki Nishi and Akari Sato of Japan.
Prize Money:
Total – USD 100,000
Singles Winner – USD 7,500
Doubles Winner – USD 7,900 
Key points:
i.Indian pair Tanisha Crasto and Ashwini Ponnappa lost to Sung Yu-Hsuan and  Wang Szu-Min of Chinese Taipei in the women’s doubles semifinals.
ii.India’s Mansi Singh lost to Chiu Pin-Chian of Chinese Taipei in the women’s singles quarter-finals.

World Duchenne Muscular Dystrophy Day 2023- September 7 World Duchenne Muscular Dystrophy Day also known as World Duchenne Awareness Day (WDAD) is annually observed across the globe on 7th September, to increase awareness of Duchenne Muscular Dystrophy (DMD), a rare genetic disorder affecting muscles.

  • WDAD also raises awareness and inspires action to improve the lives of people living with Duchenne and Becker Muscular Dystrophy (DMD/BMD).

The 2023 theme of World Duchenne Muscular Dystrophy Day theme is “DuchenneBreaking Barriers“.

  • 7th September 2023 marks the observance of the 10th World Duchenne Awareness Day.

Background:
i.In 2014, Elizabeth Vroom, the Chair and Cofounder of the World Duchenne Organization (WDO); and Nicoletta Madia, the Community Coordinator of the WDO, initiated the observance of World Duchenne Awareness Day to raise global awareness about DMD.

  • WDO, formerly known as the United Parent Project Muscular Dystrophy (UPPMD) is a Netherland-based global umbrella organization of national patient organizations established in 2000.
  • WDO represents persons with Duchenne and their families worldwide.

ii.The first-ever World Duchenne Awareness Day was celebrated in 2014.
iii.Since 2014, the day has become a worldwide movement with participants from across the globe.
About Duchenne Muscular Dystrophy(DMD):
i.Duchenne Muscular Dystrophy (DMD) is named after Dr. Duchenne de Boulogne, a French neurologist who was one of the first to report the disease in detail in the 1860s.
ii.DMD is a genetic disorder characterized by progressive muscle degeneration and weakness due to the alterations of a protein called ‘dystrophin’ that helps keep muscle cells intact.

  • Approximately 1 in every 5.000 boys is born with the disease. It is caused by a mutation on the X-chromosome, this is why only a few girls are affected.

Symptoms:

  • The initial sign of a problem is difficulty in walking. Then, other motor functions follow until it ultimately affects the ability to breathe as well as the function of the heart, as the heart is a muscle too.
  • The missing protein has a role in brain function, potentially causing learning and behavioural issues.

About Becker Muscular Dystrophy (BMD):
Becker Muscular Dystrophy (BMD) is one of nine types of muscular dystrophies, a group of genetic, degenerative diseases primarily affecting voluntary muscles.

  • BMD is named after German doctor Peter Emil Becker, who first described this variant of DMD in the 1950s.

Note:
DMD/BMD are both X-linked recessive disorders. Both conditions are caused by mutations in the dystrophin gene, which encodes the protein dystrophin. BMD has a later onset and milder symptoms compared to DMD.
2023 Observance in India:
i.The Department of Empowerment of Persons with Disabilities (DEPwD), commemorated World Duchenne Muscular Dystrophy Day on 7th September 2023, with the vision aimed at raising awareness about Duchenne Muscular Dystrophy (DMD).

Current Affairs 13-September-2023

Indian Navy Signed MoU with Uber to Offer Reliable Mobility Solutions for Naval Personnel, FamiliesThe Indian Navy signed a Memorandum of Understanding (MoU) with M/s Uber, a leading ridesharing app, to provide reliable, convenient, safe, and economical mobility solutions for personal travel and commute of Naval personnel and families across India.

  • This MoU aligns with the Chief of the Naval Staff’s (CNS) vision of ‘Happy Personnel’ under the ‘SHIPS FIRST’ approach and is a maiden initiative in the Armed Forces.
  • This also promotes the Government of India’s (GoI) ‘Digital India’ vision of embracing technology for transformative change.

Key People:
The MoU was signed in the presence of Admiral R Hari Kumar, CNS; Mrs. Kala Hari Kumar, President Navy Wellness and Welfare Association (NWWA); and Mr. Abhinav Mittoo, Senior Country Manager, Uber for Business, Under India South Asia and Egypt.
About the MoU:
i.Through this partnership, the Indian Navy will integrate Uber’s advanced ride-sharing technology via a seamless platform, Uber for Business into the Naval ecosystem.
ii.The partnership will help streamline the travel experiences of the Naval workforce, making their travel smoother and the process more efficient.
Benefits:
Uber will extend several benefits to Indian Naval personnel and their families including: –

  • A personalised profile on the Uber App.
  • Premier Executive Cab Category provides surge price protection during peak office hours.
  • Availability of Top-rated drivers.
  • Zero cancellation fee on all Uber rides.
  • 24×7 Premium business support.

SHIPS FIRST Approach:
i.The Indian Navy has incorporated the ‘SHIPS FIRST’ approach in its functioning, to boost the morale and welfare of the Human Resource.
ii.The ‘H’ signifying ‘Happy Personnel’ in ‘SHIPS FIRST‘, highlights the focus of the Indian Navy to meet the welfare of its sailors (personnel) and their families.
About Uber Technologies, Inc:
Uber is an American transportation conglomerate that provides ride-hailing services.
Chief Executive Officer(CEO)– Dara Khosrowshahi
Headquarters– California, United States of America
President India and South Asia– Prabhjeet Singh
Launched in 2009


DEPwD Launched 5 Initiatives for PwDs: Online Case Monitoring Portal for Grievance RedressalThe Department of Empowerment of Persons with Disabilities (DePWD) under the Ministry of Social Justice & Empowerment (MoSJE) launched 5 Pioneering Initiatives to Foster Inclusivity and Empower Persons with Disabilities(PwDs).

  • An Online Case Monitoring Portal developed by the Office of the Chief Commissioner for Persons with Disabilities (CCPD) was launched to simplify and expedite the grievance resolution process for PwDs.
  • The initiatives were launched by Pratima Bhoumi, Minister of State (MoS), MoSJE at the Dr. Ambedkar International Centre (DAIC) in New Delhi, Delhi.

The other 4 initiatives were: 

  • Memorandum of Understanding (MoU) with the Council of Architecture(COA).
  • Releasing of Anonymous Data of Unique Disability ID (UDID).
  • PM-DAKSH (Pradhan Mantri Dakshta Aur Kushalta Sampann Hitgrahi) Portal.
  • Comprehensive Booklet: Pathways to Access: Courts on Disability Right.

About Online Case Monitoring Portal:
Aim:
To minimize reliance on physical paperwork, support operational efficiency and Environmental Sustainability in line with the Government’s broader objectives.
Features: 
i.The portal is equipped with a range of features designed to enhance efficiency, including seamless online complaint filing, end-to-end digital process, automation of reminders and time-based notices, and a hybrid approach incorporating e-court and e-office modules.
ii.The portal will replace the traditional paper-based procedures with a digital grievance resolution process.
iii.The portal will streamline disability grievance handling and is accessible on the Office of the CCPD website.
About the other 4 initiatives: 
i.DEPwD has partnered with COA to introduce universal accessibility courses within Bachelor of Architecture programs.

  • This partnership will extend to develop a certified course for architects and civil engineers, equip them with skills to conduct accessibility audits in built environments and ensure compliance with accessibility standards.

ii.DEPwD released the anonymous data through the UDID portal for research purposes. This will provide insights at various levels, facilitating a deeper understanding and informing targeted interventions.
iii.PM-DAKSH Portal introduced by DEPwD is a comprehensive digital platform designed to empower PwDs in their pursuit of skill training and employment opportunities.

  • This will offer seamless registration through UDID, access to location-based skill training options, a wide array of job listings from across India, and streamlined administrative processes.

iv.The booklet, Pathways to Access: Courts on Disability Rights, by DEPwD is a compilation of notable judgments from India’s Supreme Court and High Courts concerning disability rights.

  • This will be a reference guide for PwDs and stakeholders in the disability sector.

Varuna-23: Phase II of 21st edition of Varuna conducted in Arabian Sea
The Indian Navy and the French Navy conducted the Phase II of the 21st edition of the Varuna (Varuna 2023), the bilateral maritime exercise, in the Arabian Sea. The 3 day exercise witnessed the participation of guided missile frigates, tankers, maritime patrol aircraft and integral helicopters by both countries.

  • Varuna 23 was conducted in two phases. The Phase I of ‘Varuna-2023’ was conducted off India’s Western Seaboard from 16th to 20th January 2023.
  • The 21st edition of Varuna marks the 25th year of Indo-French strategic partnership.
  • Indian & French Navy bilateral naval exercise was initiated in 1993 and the exercise was named “Varuna” in 2001.

Bharti AXA Life introduces ‘Income Laabh to Simplify Insurance with Maximum ProtectionBharti AXA Life Insurance has launched Bharti AXA Life Income Laabh, an individual savings plan that provides both financial security and a consistent income stream throughout the policy term.

  • It is a non-linked, non-participating individual savings plan with life insurance coverage.
  • This launch was made as a part of its aim to simplify insurance and deliver maximum protection to its consumers.

Key Points:
i.Policyholders can expect guaranteed income for 10 to 12 years, with initial payouts equal to 100% of the annual premium and increasing to 150% after 5 years for a 10-year term, or 200% after 6 years for a 12-year term.
ii.A lump sum amount is given at the end of the income period to support important life goals, aiming to enhance the financial well-being of customers and their families.
iii.Optional riders are offered for enhanced coverage, providing additional security and peace of mind to policyholders.

  • Bharti AXA Life Income Laabh also offers flexibility in premium and policy terms, along with potential tax benefits.

About Bharti AXA Life Insurance:
Bharti AXA Life Insurance is a joint venture (JV) of  New Delhi based Bharti Group (51%) and Paris Based AXA (49%), a French multinational insurance firm.
MD & CEO– Parag Raja
Headquarters– Mumbai, Maharashtra


NGEL Nayara Energy Signed MoU For Green Hydrogen Production
NTPC Green Energy Limited(NGEL) signed an Memorandum of Understanding (MoU) with Nayara Energy Limited to produce Green Hydrogen for Nayara Energy’s captive usage and help them in the decarbonisation process and to reduce carbon footprint.

  • This partnership aligns with NTPC’s initiatives to develop hydrogen projects and aims to make India self-reliant (Atmanirbhar Bharat).
  • The MoU was signed by NTPCREL’s Chief Executive Officer(CEO) Mohit Bhargava and Nayara Energy’s Head-Technical Amar Kumar.

NGEL  is the subsidiary of  NTPC Limited (formerly known as National Thermal Power Corporation) whereas Nayara Energy Limited is a Pan-India fuel retail network.


CSIR announces Shanti Swarup Bhatnagar Prizes 2022 for 12 scientistsi.On September 11, 2023, the Council of Scientific and Industrial Research’s (CSIR) Director General N Kalaiselvi announced the Shanti Swarup Bhatnagar (SSB) awards for 2022 to be distributed to 12 young scientists across India.
ii.The announcement was made at the launch event of ‘One Week One Lab’ programme of CSIR-National Institute of Science Communication and Policy Research (CSIR-NIScPR), in the presence of Minister of State (MoS) Dr. Jitendra Singh (Ministry of Science and Technology), Vice President, CSIR in New Delhi, Delhi.
iii.The purpose of the award is to recognize outstanding Indian work in science and technology.
About Council of Scientific and Industrial Research (CSIR):
Director General– N. Kalaiselvi
Parent Ministry– Ministry of Science & Technology
Headquarters– New Delhi, Delhi


RBI Approved Re-appointment of Sandeep Bakhshi as MD & CEO of  ICICI Bank for 3yearsThe Reserve Bank of India (RBI) has approved the re-appointment of Sandeep Bakhshi as the Managing Director(MD) and Chief Executive Officer (CEO) of the ICICI Bank Limited for three years with effect from 4th October, 2023 to 3rd October 2026.

  • This is his second extension of tenure; the first extension happened in 2021 for two years which is about to expire on 3rd October 2023.
  • He has been serving as the MD & CEO of ICICI Bank since 2018 succeeding Chanda Kochchar.

Background:
i.In October 2022, the board of directors of ICICI Bank approved to re-appoint him to the post.
ii.The shareholders of the bank also approved the reappointment at the annual general meeting held in August 2023.
About Sandeep Bakhshi:
i.Prior to the appointment as MD & CEO,  Sandeep Bakhshi was a Whole time Director and the Chief Operating Officer (COO) of the ICICI Bank.
ii.He joined the ICICI Group in 1986 and has handled various assignments across the group in ICICI Limited, ICICI Lombard General Insurance, ICICI Bank and ICICI Prudential Life Insurance.
About ICICI Bank Limited:
Managing Director(MD) &  Chief Executive Officer (CEO) – Sandeep Bakhshi
Headquarters – Mumbai, Maharashtra
Established in 1994
Tagline – Hum Hai Na Khayal Apka


GQG Acquired Over 5 Crore Shares in IDFC First Bank from V Vaidyanathan
GQG Partners have acquired 5.07 crore equity shares (0.8% of the total equity) in IDFC First Bank for about Rs 478.70 crore from V Vaidyanathan, Managing Director(MD)  & Chief Executive Officer (CEO) of IDFC First Bank. The transaction occurred at a price of Rs 94.5 per share.

  • Out of Rs 478.7 crore sales proceeds, Rs 229 crore would be to pay to IDFC First Bank to subscribe to new shares of the bank and Rs 240.5 crore towards income tax payment for exercising the stock options.
  • Rs 9.2 crore will be contribution to pre-committed causes.

Following this transaction, Vaidyanathan’s shareholding in IDFC FIRST Bank will increase from 0.58% as of 30th June 2023, to 1.04% of the paid-up capital of the bank.  Including options yet to be converted, his shareholding is 1.23% of the total share capital of the bank

  • The stock options were given to Vaidyanathan as a part of the merger between Capital First and IDFC Bank in December 2018.

IDFC First Bank Limited, headquartered in Mumbai, Maharashtra, was established in 2018. Tagline: ‘Always You First’.


Overview of Tata Steel Chess India Rapid and Blitz 2023The Tata Steel Chess India Rapid and Blitz 2023 was held from 31st August to 5th September 2023 at the National Library of India, Kolkata, West Bengal.

  • India’s Grandmaster Divya Deshmukh won the Tata Steel Chess India Rapid title in the women’s category.
  • India’s GrandmasterPraggnanandhaa secured third place in both Open Rapid and Open Blitz events.
  • Maxime Vachier-Lagrave of France won the Tata Steel Chess India Open Rapid title.
  • Grandmaster (GM) Alexander Grischuk won the Tata Steel India 2023 Open Blitz title.CategoryRapidBlitzOpen (Men’s)Maxime Vachier-Lagrave
    (France)Alexander Grischuk
    (Represented by FIDE)Teimour Radjabov
    (Azerbaijan)Nodirbek Abdusattorov
    (Uzbekistan)Women’sDivya Deshmukh
    (India)Ju Wenjun
    (China)Ju Wenjun
    (China)Koneru Humpy
    (India)

About Federation Internationale des Echecs/International Chess Federation (FIDE):
President – Arkady Dvorkovich
Headquarters – Lausanne, Switzerland
Established – 1924


Germany Defeat Serbia to Win First-Ever FIBA Basketball World CupGerman men’s basket ball team won the International Basketball Federation(FIBA) Basketball World Cup 2023 by defeating Serbia in the finals held in Manila, Philippines.

  • The 19th edition of the FIBA Basketball World Cup took place for the first time across three host nations in the Philippines, Japan and Indonesia from 25th August to 10th September 2023.
  • This marks Germany’s maiden FIBA Basketball World Cup title.
  • The event witnessed the participation of 32 teams grouped into 8, each comprising of 4 teams.

Winners of FIBA Basketball World Cup 2023:

  • Germany’s previous best performance at the men’s World Cup was in 2002 in Indianapolis(USA) where they won the bronze medal.
  • Germany was also unbeaten throughout the tournament and became the fifth consecutive World Cup champion to go unbeaten.

ii.This was Serbia’s second defeat at the finals of the men’s World Cup since they lost to the United States of America(USA) in the 2014 final in Madrid, Spain.
iii.Canada bagged the bronze medal by defeating the United States of America(USA).

  • This also marks Canada’s first medal in the FIBA World Cup.

Awards:
i.Dennis Schroder of Germany won the TISSOT Most Valuable Player award.

  • Josh Giddey (Australia) earned the Wanda Rising Star Award at the FIBA Basketball World Cup 2023.

ii.Schroder also  joined  the FIBA Basketball World Cup 2023 All-Star 5, along with Bogdan Bogdanovic of Serbia, Canada star Shai Gilgeous-Alexander, Anthony Edwards from the USA, and Slovenia star Luka Doncic.
iii.The winning team was awarded the Naismith trophy named after the Basketball inventor James Naismith.
Additional Info:
i.Qatar is set to host the 2027 FIBA Basketball World Cup.
ii.Spain won the previous edition of the World Cup (2019) followed by Argentina and France in the second and third place respectively held in China in 2019.
About International Basketball Federation/Fédération Internationale de Basketball (FIBA):
President – Hamane Niang
Headquarters – Geneva, Switzerland
Established – 1932


NÖ OPEN 2023: ATP Challenger in Tulln: India’s Sumit Nagal ends as Runner-Up
Indian tennis player Sumit Nagal finished as runner up in the NÖ OPEN 2023(powered by EVN), a Association of Tennis Professionals (ATP) Challenger 100 event, held in TullnAustria from 3rd to 10th September 2023.

  • Czech Republic’s Vit Kopriva won the title defeating Sumit Nagal in the finals held in TC Tulln facility in Tulln.
  • Nagal earned 60 ranking points during the event and is ranked 156th (as of 11th September 2023) in the ATP Rankings.

He has won a total of four ATP Challenger Tour title: 2017 Bengaluru Open
Bengaluru(Karnataka, India), 2019 Challenger de Buenos Aires
Buenos Aires, Argentina, 2023 Garden Open in Rome, Italy and 2023 Tampere Open in Tampere, Finland.
Note: The NÖ Open is a professional tennis tournament played on clay courts. It is currently part of the ATP Challenger Tour.


Goa Governor P.S. Sreedharan Pillai Launched Mashaal for 37th National Games
P.S. Sreedharan Pillai, Governor of Goa, launched the Mashaal (torch) for the 37th National Games in a ceremony organised by the Department of Sports and Youth affairs, Goa and the Sports Authority of Goa at Durbar Hall, Raj Bhavan, Donapaula, Goa.

  • The 37th National Games is set to be held from 25th October, 2023 to 9th November 2023 in Goa.
  • Governor also launched the anthem (theme song) of the 37th National Games featuring the voice of Indian actor Amitabh Bachchan. The Goan instrument, Ghumat is also used for the anthem.

During the event, Dr. Pramod Sawant, Chief Minister (CM) of Goa, launched the website with all information related to the 37th National Games.


Archery World Cup Finals 2023: Indian Archer Prathamesh Jawkar Clinched Silver Medal
Indian archer Prathamesh Samadhan Jawkar(Ranked World No.14) clinched the silver medal in Men’s Coumpond Finals in Hermosillo 2023 Hyundai Archery World Cup Finals which was held in Hermosillo, Mexico on 9th & 10th September 2023.

  • Prathamesh Jawkar competed against Mathias Fullerton (Ranked World No.14) of Denmark in the gold medal clash.

The match was a tie as both players scored 148 points after five sets. While both archers hit a 10 in the shoot-off, Fullerton won because his arrow was closer to the centre.

British Scientist Sir Ian Wilmut, Creator of Dolly, the Cloned Sheep, Passed away
On September 10, 2023, British Scientist Sir Ian Wilmut, the man who led the team at the Roslin Institute at the University of Edinburgh that created Dolly the Sheep in 1996 has passed away at the age of 79. He was born on 7th July 1944 in Hampton Lucy, United Kingdom(UK).
About Ian Wilmut:
British embryologist Ian Wilmut was a Chair of the Scottish Centre for Regenerative Medicine at the University of Edinburgh.

  • He laid the foundations for stem cell research/ regenerative medicine which aims to cure many of the diseases of ageing by enabling the body to regenerate damaged tissue.

Career:
i.He worked at the University of Cambridge, as part of Professor Christopher Polge’s team, that worked on the preservation of semen and embryos by freezing.

  • He was a part of the team that created Frostie, the first calf to be born from a frozen embryo in 1973.

ii.Later, He moved to the Animal Breeding Research Organisation (ABRO), the predecessor to The Roslin Institute.
iii.In 2005, He moved to the University of Edinburgh in 2005, becoming the first Director of the MRC Centre for Regenerative Medicine.
Awards and Honours:
i.In 1998, he received the Lord Lloyd of Kilgerran Award and the Golden Plate Award of the American Academy of Achievement.
ii.He was appointed Officer of the Order of the British Empire (OBE) in 1999 and a Fellow of the Royal Society (FRS) in 2002.
iii.He together with Keith Campbell and Shinya Yamanaka jointly received the 2008 Shaw Prize for Medicine and Life Sciences for their works on the cell differentiation in mammals.
About Dolly, the Sheep:
i.Dolly, a Finn Dorset sheep, was the world’s first mammal to be cloned from an adult cell.
ii.Dolly was cloned from a cell taken from the mammary gland of a 6 year old Finn Dorset sheep and an egg cell from a Scottish Blackface sheep.
iii.Dolly was born on 5th July 1996 and was announced to the world on 22nd February 1997. After 6 years, Dolly died on 14th February 2003.


American Software Developer & Co-Creator Of PowerPoint Dennis Austin Passed Away
Dennis Austin, one of the co-creators of  PowerPoint software, passed away. He was born on May 28, 1947 in Pittsburgh city of  Pennsylvania, United States of America(USA). He was PowerPoint’s primary developer from 1985 until his retirement in 1996.

  • Austin along with Robert Gaskins created the powerpoint for the software company Forethought and released it in 1987.
  • Microsoft then acquired the firm and integrated PowerPoint into its suite of Office programs.

National Forest Martyrs Day 2023- September 11 The National Forest Martyrs Day is annually observed across India on 11th September to remember, and honour people who sacrificed their lives to protect forests and Wildlife in India that are important for the well-being of the planet.

  • The day is also observed as an annual commemoration of the Khejarli massacre in 1730.

Background:
i.In 2013, the Ministry of Environment, Forest and Climate Change (MoEF&CC), Government of India (GoI) officially declared the 11th of September of every year as National Forest Martyrs Day.

  • The day is observed to recognise the infamous Khejarli Massacre of 1730 took place in Khejarli, Rajasthan.

ii.Since 2013, September 11th has been an annual commemoration of the Khejarli massacre known as National Forest Martyrs Day.
About Ministry of Environment, Forest and Climate Change (MoEF&CC):
Union Minister– Bhupender Yadav (Rajya Sabha- Rajasthan)
Minister of State– Ashwini Kumar Choubey (Constituency- Buxar, Bihar)

International Day for South-South Cooperation 2023- September 12 The United Nations (UNInternational Day for South-South Cooperation is annually observed across the globe on 12th September, to highlight the importance of cooperation among people and economic and technical cooperation among countries of the developing world, known as the Global South.

  • South-South Cooperation (SSC) refers to the technical cooperation among developing countries in the Global South.

The 2023 theme of the International Day for South-South Cooperation is, “Solidarity, Equity, and Partnership: Unlocking South-South Cooperation to Achieve the SDGs”.

  • The theme highlights the importance of SSC in achieving the UN 2030 agenda of Sustainable Development Goals (SDGs).

Background:
i.On 23rd December 2003, the United Nations General Assembly (UNGA) adopted a resolution A/RES/58/220 and proclaimed the 19th December of every year as the United Nations Day for South-South Cooperation.
ii.The first-ever UN Day for SSC was observed on 19th December 2004.
About United Nations Office for South-South Cooperation (UNOSSC):
Director– Dima Al-Khatib
Headquarters– New York, United States of America (USA)
Established in– 1974

ONDC & Transport Dept of Kerala signed MoU to Extend Open Mobility Network  Open Network for Digital Commerce (ONDC), an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) under Ministry of Commerce and Industry(MoCI) and the Transport Department of the Government of Kerala signed a Memorandum of Understanding (MoU) to expand the scope of the open mobility network in Kerala.

  • The agreement expanded the Kochi Open Mobility Network to cover the rest of the state of Kerala, now called the Kerala Open Mobility Network (KOMN), which was launched in November 2022 in Kochi, Kerala.
  • The project will integrate all modes of transportation that are currently operating in Kerala onto the ONDC network and will offer affordable and convenient access to all modes of transport through user-friendly buyer and seller apps.

Signatories:
The MoU was signed by S. Sreejith, Transport Commissioner, Kerala; and Shireesh Joshi, Chief Business Officer (CBO), ONDC.
About the Collaboration:
i.The partnership aims to integrate the KOMN into ONDC, fostering an inclusive and accessible mobility ecosystem without any obstacles.
ii.This commitment extends to providing the people of Kerala with convenience, accessibility, and efficiency in all aspects of transportation on the open network.
iii.This collaboration, known as the KOMN, brings together various stakeholders from government agencies to private providers, and ensuring safety and convenience, leads to a more connected and accessible Kerala.
Benefits:
The collaboration to extend the open mobility network, powered by the ONDC protocol, can enhance both the customer and driver value proposition in the Yatri cab and auto booking app in Kochi, Kerala.

  • It allows drivers to connect directly with customers, eliminating the need for any intermediaries thereby enabling the customers to pay less and drivers to earn more.
  • With a network of over 5,000 drivers and 2 lakh customers, the app has completed 180,000 trips and enabled drivers to earn over Rs 4.5 crore without any commissions.

Current Affairs- 31 August 2023

India, New Zealand sign MoU for Open Sky PolicyBoost cooperation in Civil AviationOn August 29, 2023, a Memorandum of Understanding (MoU) has been signed between the Government of India and the Government of New Zealand for an Open Sky Policy, allowing more flights between various cities in the two countries.

  • This will further boost the bilateral between both nations in civil aviation by scheduling of new routes, code share services, traffic rights and capacity entitlement.

Signatories:
It was signed by Rajiv Bansal, Secretary, Ministry of Civil Aviation (MoCA), India; and David Pine, the New Zealand High Commissioner in the presence of Union Minister Jyotiraditya Scindia, MoCA, and Damien O’ Connor, Minister for Trade and Export Growth of New Zealand.
What is in the MoU?
i.Under this, New Zealand’s designated airline(s) can operate unrestricted services with any type of aircraft, holding third and fourth freedom traffic rights to/from six Indian citiesNew Delhi (Delhi), Mumbai (Maharashtra), Bengaluru (Karnataka), Chennai (Tamil Nadu), Hyderabad (Telangana), and Kolkata (West Bengal). This is set to amplify bilateral civil aviation relations.
ii.Similarly, India’s designated airline(s) can operate unrestricted services with any aircraft type, having third and fourth freedom traffic rights to/from AucklandWellingtonChristchurch, and three other New Zealand points to be designated by the Indian Government.
iii.Both parties’ airlines can operate unlimited all-cargo services using any aircraft type, enjoying third, fourth, and fifth freedom traffic rights between any points in each other’s territories, including via intermediate and beyond points beyond those in the Route Schedule.
Key Points:
i.Both sides reviewed the existing arrangements relating to air service between the two countrie.

  • An Air Services Agreement was signed between New Zealand and India at Auckland, New Zealand on 1st May 2016.

ii.Third freedom right involves carrying passengers/cargo from home country to another while fourth freedom is the opposite i.e. transporting to home country from another.

  • These rights are typically granted together in bilateral agreements.

iii.The Fifth freedom right means that the aircraft of country A, from a service originating in country A, is allowed to embark passengers and cargo in country B and disembark them in country C.
About New Zealand:
Capital– Wellington
Currency– New Zealand Dollar
Prime Minister– Chris Hipkins


NITI Aayog and UNDP India Signed MoU On Fast Tracking SDGsNational Institution for Transforming India (NITI) Aayog and United Nations Development Programme (UNDP)  India have signed an Memorandum of Understanding (MoU)  to speed up the efforts to achieve the Sustainable Development Goals(SDGs).
Aim:
The agreement aims to make a clear plan of cooperation on a range of areas, including SDG localisation, data-driven monitoring, Aspirational Districts and Blocks programme, and SDG financing.
Outcome:
i.The MoU was signed for a period of five years.
ii.UNDP will also provide support for NITI Aayog’s work on women’s livelihoods, innovation, and Mission LiFE.
iii.UNDP plays the integrator role in coordinating efforts to fast-track progress on the SDGs within the United Nation system.
Representatives:
Yogesh Suri, Senior Adviser (SDGs) from NITI Aayog, and Ms. Shoko Noda, Resident Representative of UNDP India, signed the MoU in the presence of B. V. R. Subrahmanyam, CEO of NITI Aayog.
SDG and India:
i.India’s achievement in reducing multidimensional poverty to 50 percent between 2015-2016 and 2019-2021 showcases that moving towards SDG is possible irrespective of complex challenges.
ii.India’s leadership is essential for ensuring that SDGs become a reality.
About Sustainable Development Goals(SDGs):
i.The Sustainable Development Goals(SDGs), officially known as ‘Transforming our world: the 2030 Agenda for Sustainable Development’ is a set of 17 Global Goals to be achieved within 2030 by 193 Member States.
ii.The SDGs were adopted by the United Nations in 2015.
iii.The SDGs come after and build upon the Millennium Development Goals (MDGs) from 2000 to 2015.About National Institution for Transforming India (NITI) Aayog:
NITI Aayog is the country’s premier policy-making which aims to construct a strong state to create a dynamic and strong nation. The NITI Aayog’s creation has two hubs called “Team India Hub” and “Knowledge and Innovation Hub”.
Chief Executive Officer (CEO) – B. V. R. Subrahmanyam
Headquarters – New Delhi, Delhi
Established in – 2015
About United Nations Development Programme (UNDP)
Administrator – Achim Steiner
Headquarters – New York City, United States of America(USA)
Established in – 1966


Cabinet Approvals on 29th August 2023The Union Cabinet chaired by the Prime Minister (PM) Narendra Modi has approved the following proposals on 29th August 2023:
i.The Cabinet Committee for Economic Affairs (CCEA) has approved the reduction of LPG (Liquefied petroleum gas) cost by Rs 200 per cylinder for all consumers w.e.f. August 30, 2023.  This will also be applicable to Pradhan Mantri Ujjwala Yojana (PMUY).
ii.The Ministry of Textiles has approved the Startup Guidelines for Technical Textiles – Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT). This initiative offers a grant of up to Rs 50 Lakhs, supporting aspiring innovators in the technical textiles field for 18 months.
iii.The Union Cabinet adopted a resolution hailing the soft-landing of Chandrayaan-3 on the lunar surface, highlighting that the mission’s achievement signifies not only Indian Space Research Organization’s (ISRO) success but also India’s advancement and global stature.
About Indian Space Research Organisation (ISRO):
Chairman– Sreedhara Panicker Somanath
Headquarters– Bengaluru, Karnataka
Establishment– 1969


Goa Shipyard & Kenya Shipyard Ltd Signed MoU for Collaboration in ShipbuildingThe Goa Shipyard Limited (GSL) signed a Memorandum of Understanding(MoU) with Kenya Shipyard Limited(KSL) for capacity building and collaboration in ship design and building.

  • The MoU was signed during the bilateral Defence Ministers meeting between Union Defence Minister Rajnath Singh and Kenyan Cabinet Secretary for Defence Aden Bare Duale in New Delhi, Delhi on August 29, 2023.

Note:
i.GSL is a Miniratna Central Public Sector Undertaking (CPSU), under the Ministry of Defence(MoD).
ii.Kenya Shipyards Limited(KSL) is a state-owned company under the Kenyan Defence Ministry. It was established in 2020 with the objective to address the operational requirements of the Kenya Navy and for the construction, repair and maintenance of ships and provision of other maritime services.
About the bilateral meeting:
i.During the meet, India and Kenya discussed on capacity building and cooperation in defence industry and equipment. They also discussed on the other regional security issues of mutual interest.
ii.Defece Minister Rajnath Singh presented 15 pairs of parachutes (main and reserve) manufactured by Gliders India Limited to Aden Bare Duale for Kenyan forces as a mark of friendship.

  • India also offered assistance in the setting up of an advanced CT scan facility in Kenya.

iii.India and Kenya have agreed to expand their collaboration in the Indian Ocean Region(IOR)’s marine security, counter-insurgency training, and UN peacekeeping domains.
Key people:
Chief of Defence Staff(CDS) General Anil Chauhan and Defence Secretary Giridhar Aramane were present during the bilateral meeting.
Additional info:
Aden Bare Duale, Kenyan Cabinet Secretary for Defence, is on a 3 day visit to India. This marks his 1st visit of  Duale to India and the highest level stand-alone political visit from Kenya since the new government assumed office in September 2022.

  • He will be visiting the shipyards and defence industries in Goa and Bengaluru(Karnataka).

About Goa Shipyard Limited(GSL):
Chairman & Managing Director(CMD) – Brajesh Kumar Upadhyay
Established – 1957
Headquarters– Vasco Da Gama, Goa


Automotive PLI Scheme Extended By Another Year Till FY28Union Minister Mahendra Nath Pandey,Ministry of Heavy Industries(MHI) in ‘Review of Production Linked Incentive-Auto Scheme’ announced the extension of the deadline of  Production Linked Incentive(PLI) Scheme for Automobile and Auto Component Industry by another year.

  • The program that was supposed to last for five years, from 2022-23 to 2026-27, will be active till 2027-28.
  • The distribution of the incentives will be on a quarterly basis, instead of an annual plan.

PLI Scheme for Automotive Sector
i.Under the Automotive PLI scheme, incentives are applicable for specified sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India starting from April 1, 2022.These incentives will remain in effect for a continuous period of five years.
ii.Eligibility to Incentive:  AAT products for which a minimum of 50 per cent Domestic Value Addition (DVA) is achieved and has been certified by Testing Agencies (TAs) of MHI.

  • This requirement will help to reduce imports, making it easier to manufacture AAT products locally, and creating both domestic and global supply chains.

iii.In April 2023, MHI published Standard Operating Procedure (SOP) for DVA certification to facilitate ease of doing business (EODB).
iv.95 companies are covered under the scheme that looks to promote local manufacturing of new technology products.
Two More Testing Agencies:
The ministry also approved a request to add two more TAs to test the vehicles and components.
i.Global Automotive Research Centre (GARC) in Chennai, Tamilnadu
ii.National Automotive Test Tracks (NATRAX) in Madhya Pradesh
Current testing centresAutomotive Research Association of India (ARAI) in Pune, Maharashtra and the International Centre for Automotive Technology (iCAT) in Manesar, Haryana.
Additional Information:
The scheme has two components viz. Champion OEM incentive scheme and Component Champion incentive scheme.

  • Champion OEMs, specializing in electric or hydrogen-powered vehicles.
  • Component Champions, focused on manufacturing high-value and advanced components.

48 African Countries Adopted Kampala Ministerial Declaration on Migration, Environment & Climate Change48 African countries have agreed to adopt the Kampala Ministerial Declaration on Migration, Environment and Climate Change (KDMECC) to address climate change and human mobility challenges in Africa and leverage the opportunities for sustainable development.

  • This was announced during the Technical Conference of States on the continental expansion of the KDMECC held from 23rd to 25th August 2023 in Nairobi, Kenya.
  • The KDMECC-AFRICA is expected to be signed by Member States during the Africa Climate Summit in Nairobi, Kenya on 4th September 2023.

About the conference:
i.The conference was co-hosted by the Governments of Kenya and Uganda with support from the International Organization for Migration (IOM) and the United Nations Framework Convention on Climate Change (UNFCCC).
ii.The conference also enabled the African States to develop a common position ahead of the Africa Climate Summit and the Conference of Parties (COP 28). 
About KDMECC:
During the Inter-Ministerial Conference on Migration, Environment and Climate Change held from 27 to 29 July 2022 in Kampala, Uganda, 15 African states signed and agreed upon the Kampala Ministerial Declaration on Migration, Environment and Climate Change (KDMECC).

  • KDMECC was the first member state-led comprehensive and action-oriented framework to address climate-induced mobility in practical and effective ways.

Key Points:
i.KDMECC addresses the nexus of human mobility and climate change in the whole of Africa.
ii.KDMECC-AFRICA will ensure that everyone’s voices, including the voices of youth, women and persons in vulnerable situations, are the priority of the expanded declaration.
iii.This offers a platform to support the priorities of the member states in addressing the challenges and also enables them to leverage migration for sustainable development.
About the International Organization for Migration (IOM): 
IOM is a United Nations (UN) agency that provides services and advice concerning migration.
Director General– António Vitorino
Headquarters– Geneva, Switzerland
Membership–  175 member states and 8 observer states
Established in 1951


RBI Authorises Bandhan Bank for Disbursing Civil Pension

Bandhan Bank Ltd has been appointed by the Reserve Bank of India (RBI) to act as an authorized bank for pension disbursement for civil pensioners on behalf of the Central Pension Accounting Office (CPAO), an entity under the Ministry of Finance.

  • Bandhan Bank will soon be integrating with the office of the CPAO to operationalise the disbursement process.

Beneficiary Categories:
i.Bank authorization is primarily aimed at disbursing pensions to the following groups:

  • The Central Government employees in Civil Ministries and Departments (other than Railways, Posts, and Defence)
  • The National Capital Territory of Delhi
  • Union Territory Administrations without legislatures,
  • Retired Judges of the High Courts and the Supreme Court, and
  • All India Service Officers.

ii.This scheme also covers the payment of pensions to former Members of Parliament (MPs) and the payment of pensions and other amenities to former Presidents/Vice Presidents of India.
About Bandhan Bank:
Managing Director & Chief Executive Officer– Chandra Shekhar Ghosh
Headquarters– Kolkata, West Bengal
Established In– 2015
Tagline– Aapka Bhala Sabki Bhilai


ADB Approves Rs.3.32 crore for Safe Public Transport Projects in Hyderabad
The Asian Development Bank (ADB) has granted Rs.3.32 crore to a team of technology experts from Birla Institute of Technology & Science (BITSHyderabad (Telangana), Indian Institute of Technology (IITBombay (Maharashtra), and IIT Kharagpur (West Bengal) to develop, test, and implement passenger safety projects in the public transport systems of Hyderabad.

  • The experts’ team led by Prof. Prasanta Sahu, was working on developing technology solutions to improve last-mile security for metro rail and public transit passengers under the guidance of NVS Reddy, Managing Director (MD) Hyderabad Metro Rail Limited (HMRL).
  • A maiden inception workshop of Technologies for Urban Transit to Enhance Mobility & Safe Accessibility (TUTEM) was organised at BITS, Hyderabad campus, where DGP Anjani Kumar as the Chief Guest promised full support from the Police department to ensure success and boost commuter confidence in safe travel.

Geetika Srivastava Appointed as 1st woman Charge d’Affaires in Pakistan
Geetika Srivastava, a 2005 batch Indian Foreign Service (IFS) officer was appointed as the first woman Chargé d’Affaires (CDA) at the High Commission of India in Islamabad, Pakistan. She is currently serving as the Joint Secretary at the Ministry of External Affairs (MEA) and looks after the Indo-Pacific division.

  • She will succeed Dr M Suresh Kumar, who will be returning to New Delhi.
  • She has served in the Indian embassy in China from 2007-09, and also served as Director in the Indian Ocean Region (IOR) Division of the MEA as well as a Regional Passport Officer in Kolkata, West Bengal.

Note: Pakistan has appointed Saad Ahmad Warraich as its new CAD in High Commission of Pakistan in New Delhi, Delhi.

  • At present there are no high commissioners in the High Commission of India in Islamabad, Pakistan. CDA is a joint secretary rank equivalent officer.
  • The Indian and Pakistani high commissions in Islamabad and Delhi are being headed by their respective CDA after Pakistan downgraded diplomatic ties after India’s decision to abolish Article 370, which revoked the special status of Jammu and Kashmir, in August 2019.

Sports Minister Anurag Thakur Launches National Sports Federations Portal on National Sports Day On the occasion of National Sports Day 2023 (29th August 2023), Union Minister Anurag Singh Thakur, Ministry of Youth Affairs and Sports (MYAS) launched the National Sports Federations(NSFs) portal during the event organised at the Jawaharlal Nehru (JLN) Stadium.

  • The portal is in line with the Government of India’s vision for Digital India which will ensure ease of business and good governance.

About the portal:
i.It is a unified online portal and a single window system for the NSFs for processing of annual renewal of recognition of NSFs, elections of NSFs etc.
ii.It will replace the existing system of physical mode of submission of documents by NSFs and ensure better coordination among the Department of Sports and the NSFs.
Highlights of the event:
i.Union Minister Anurag Thakur also launched the 3rd edition of Fit India Quiz and other initiatives during the event.
ii.He also launched the Information booklet on Sports Infrastructure Projects sanctioned under the Khelo India Scheme.

  • The book highlights the sports infrastructure that has been developed and is in the pipeline in various States and Union Territories(UTs) of India.

iii.He also felicitated the Indian men’s  4x400m relay team, who finished 5th in the 2023 World Athletics Championships held at Budapest, Hungary.

  • The team finished 5th clocking in at 2:59:92s, creating a new Asian and National Record.

iv.An online application submission and processing portal was launched which will be utilized for handling all the application for creation and upgradation of sports infrastructures and demand for sports equipment under the Khelo India Scheme.

  • This portal will be available for grantees, States, UTs for submission of their proposals of financial support from September 1, 2023.

Attendees:
The event was attended by almost 500 school children from various schools in New Delhi as well as several elite athletes and officials from the MYAS, Sports Authority of India (SAI) and the National Sports Federations (NSFs).


WR Chess Team Wins FIDE World Rapid Team Championship 2023WR Chess team won the 1st edition of  World Chess Federation (FIDE) World Rapid Team Championship 2023 held in Dusseldorf, Germany from 25th to 28th August 2023.

  • Team Freedom finished second, while the Indian squad of MGD1 was third.

Highlights:
i.The team Columbus Energy Kings Of Chess from Kraków(Poland) won 12,500 Euros as the best-performing team with a rating below 2400.
ii.The special prize ‘Rainer Niermann Cup’ for the best game by a youngster was won by 12-year-old Christian Glöckler of Germany for his victory over South African Grand Master(GM) Kenny Solomon.

  • He is also ranked fifth in the world in his age group.

iii.Total prize money – 250,000 Euros

  • Winner – 100,000 Euros
  • Second place –  60,000 Euros
  • Third Place – 40,000 Euros

Note:
WR Chess stands for German entrepreneur Wadim Rosenstein. He is the creator of this new event, which he sponsored with his company WR Logistics and participated in himself.
Winners of FIDE World Rapid Team 2023:

  • Each team has at least six and not more than nine players, including at least one female player and one recreational player.
  • The event consists of 12 rounds played under the Swiss System.

iii.Apart from medals and rewards to top teams, individual medals were awarded for the board prizes.

  • Indians Pentala Harikrishna (Bronze), Vidit Gujrathi (Silver), Raunak Sadhwani (Silver), Pranesh M (Bronze), Harika Dronavalli (Silver) and Peter Anand A (Silver) are the individual medal winners for their respective boards.

About Federation Internationale des Echecs/International Chess Federation (FIDE):
President – Arkady Dvorkovich
Headquarters – Lausanne, Switzerland
Established – 1924

Maharashtra signs MoU with Germany’s DFL to Develop Indian Football
The Government of Maharashtra signed a Memorandum of Understanding (MoU) with DFL Deutsche Fußball Liga GmbH(DFLto develop the football ecosystem in India. The agreement focuses on advancing football expertise and professionalising structures within the state of Maharashtra.

  • DFL operates Bundesliga, a professional association football league in Germany.

The MoU was signed by Commissioner of Sports and Youth Services Dr. Suhas Diwase as part of the prestigious Shree Shiv Chhatarapati Awards ceremony in Pune, India.

  • A delegation representing the Bundesliga attended the ceremony and winessed the signing.
  • The MoU outlines 3 fundamental components to develop football in Maharashtra:  improving the technical and sporting expertise at all levels within clubs, associations, colleges and schools; strengthening football structures across the Indian subcontinent; and specifically supporting the progression of football within the Maharashtra.

Established in 1970, the Directorate of Sports & Youth Services is an autonomous body under the Government of Maharashtra, focused on the instillation and promotion of sports, youth welfare, and physical education within the mainstream education sector.


Indian Women’s Hockey Team wins inaugural Women’s Hockey 5s Asia Cup; defeats Thailand 7-2 in Final
On 28th August 2023, The Indian Women‘s Hockey Team won the inaugural Women’s Hockey5s Asia Cup by defeating Thailand (7-2) in the final match.  Women’s Hockey5s Asia Cup 2023, held in Salalah, Oman from 25th to 28th August 2023, was the qualifying tournament FIH(Fédération Internationale de Hockey) Women Hockey 5s World Cup 2024.

  • With this victory, India qualifies for the FIH Women Hockey 5s World Cup 2024, the inaugural edition of FIH Hockey5s World Cup, which is to be held in Muscat, Oman from 24th to 27th January 2024.
  • Mariana Kujur (2nd, 8th minutes) and Jyoti (10th, 27th) scored a brace for India, while Monika Dipi Toppo (7th), skipper Navjot Kaur (23rd) and Mahima Choudhary (29th) were the other goal scorers. For Thailand, Kunjira Inpa (5th) and Sanpoung Kornkanok (5th) were on target.
  • Hockey India has announced a Rs. 2 lakh reward to each player of the team, while Rs. 1 lakh each for the support staff.
  • Player of the Tournament was Aunjai Natthakarn (Thailand) and Goalkeeper of the Tournament was Rumbiak Iryani (Indonesia).

National Small Industry Day 2023 – August 30 National Small Industry Day is annually observed across India on 30th August to celebrate the invaluable contributions made by the small-scale industry to India’s growth.

  • This day also aimed to promote small businesses nationwide and offer job opportunities to unemployed males and females for the betterment of their lives.

Background:
i.On 30th August 2000, Atal Bihari Vajpayee, then Prime Minister of India, announced a comprehensive policy package for the Small Scale Industries(SSI) sector during the first-ever National Conference on SSI organised by the Ministry of SSI and the Ministry of Agro and Rural Industries (ARI).

  • The policy helped small businesses with the development of infrastructure and technology.

ii.Since then the Government of India (GoI) has formally celebrated 30th August as National Small Industry Day.
About Ministry of Micro, Small & Medium Enterprises (M/o MSMEs):
On 9 May 2007, subsequent to an amendment of the GoI (Allocation of Business) Rules, 1961, the erstwhile Ministry of SSI and the Ministry of Agro and Rural Industries were merged to form the M/o MSME.
Union Minister – Narayan Tatu Rane (Rajya Sabha- Maharashtra)
Minister of State – Bhanu Pratap Singh Verma (Constituency – Jalaun, Uttar Pradesh)

Current Affairs- 30 August 2023

Pradhan Mantri Jan Dhan Yojana Completes 9 Years of Successful ImplementationOn 28th August 2023, Pradhan Mantri Jan Dhan Yojana (PMJDY), a National Mission for Financial Inclusion (FI) completed 9 years of successful implementation.

  • PMJDY, the biggest financial inclusion initiative in the world, was introduced by Prime Minister (PM) Narendra Modi on 15th August 2014 (Indepedence Day) and was launched on 28th August 2014.

Financial Inclusion:
i.FI is a comprehensive approach aimed at fostering economic development and ensuring that financial services are accessible to all segments of society.
ii.FI promotes equitable and inclusive growth by extending financial services at an affordable cost to vulnerable groups such as low-income groups and weaker sections that lack access to basic banking services.
About Pradhan Mantri Jan Dhan Yojana (PMJDY):
i.PMJDY aims to ensure access to financial services, namely, basic savings & deposit accounts, remittance, credit, insurance, and pension in an affordable manner to all households in India.
ii.Under the scheme, a basic savings bank deposit (BSBD) account can be opened in any bank branch or Business Correspondent (Bank Mitra) outlet, by persons not having any other account.
Features:
i.One basic savings bank account is opened for unbanked people.
ii.There is no requirement to maintain any minimum balance (zero balance/zero charges) in PMJDY accounts.
iii.Interest is earned on the deposit in PMJDY accounts.
iv.Rupay Debit card is provided to PMJDY account holders.
Benefits:
i.Accident Insurance Cover of Rs.1 lakh (enhanced to Rs. 2 lakh for new PMJDY accounts opened after 28th August 2018) is available with a RuPay card issued to the PMJDY account holders.
ii.An overdraft (OD) facility up to Rs. 10,000 to eligible account holders is available.
iii.PMJDY accounts are eligible for all Government benefits (from Centre / State / Local Body) to the beneficiaries accounts such as:

  • Direct Benefit Transfer (DBT), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY), Micro Units Development & Refinance Agency Bank (MUDRA) scheme.

Achievements:
i.As of mid-August 2023, the number of total PMJDY Accounts is 50.09 crore; 55.6% (27.82 crore) Jan-Dhan account holders are women and 66.7% (33.45 crore) Jan Dhan accounts are in rural and semi-urban areas.
ii.Jan Dhan–Aadhaar–Mobile (JAM) architecture has enabled the successful transfer of Government benefits in the accounts of the common man consistently.
iii.Jan Dhan Darshak App (JDD App), is a mobile application that provides a citizen-centric platform for locating banking touch points such as bank branches, ATMs, Banking Correspondents (BCs), Indian Post Payment Banks, etc. in India.

  • Over 13 lakh banking touchpoints have been mapped on the JDD App.

PM Narendra Modi addresses B20 Summit India 2023 held in New Delhi From August 25-27, 2023, the Business 20 (B20Summit India 2023, an official G20 (Group of Twenty) dialogue forum with the global business community, was held in New Delhi, Delhi.

  • Prime Minister (PM) of India, Narendra Modi, addressed the summit on 27th August 2023.
  • The theme of B20 India 2023 was ‘R.A.I.S.E’, an acronym for ‘Responsible, Accelerated, Innovative, Sustainable, Equitable‘.
  • The B20 India 2023 Communique includes 54 recommendations and 172 policy actions for submission to G20.

B20 India:
i.Throughout India’s G20 Presidency in 2023, the B20 India Secretariat, represented by the Confederation of Indian Industry (CII), led the B20’s activities.

  • The Secretariat was responsible for overseeing the development and execution of the B20 process.

ii.The chair of B20 India is Mr N Chandrasekaran, Executive Chairman, Tata Sons.
iii.At the culmination of the summit, N Chandrasekaran, Chair of B20 India handed over the B20 Presidency to Brazil.
Note: India officially assumed the G20 Presidency on December 1, 2022 after taking over from Indonesia.
Key Points:
i.It was attended by over 1500 policymakers, business leaders and experts.
ii.B20, during India’s Presidency, led the process of galvanizing global business leaders for their views on issues of global economic and trade governance.
iii.The Summit saw the culmination of the year-long outcomes of all the B20 India Taskforces and Action Councils.


Nitin Gadkari Launched World’s 1st BS 6 Stage II ‘Electrified Flex Fuel Vehicle”Nitin Gadkari, Union Minister, Ministry of Road Transport and Highways(MoRTH) launched the world’s first prototype of BS-VI(Bharat Stage Six) Stage II  compliant “Electrified Flex Fuel vehicle”, Toyota Innova Hycross.It is a variant of Toyota’s Innova, developed by Toyota Kirloskar Motor Private Limited(Toyota Kirloskar).

  • This is also India’s first flex-fuel electrified vehicle that can run in either electric mode or 100% ethanol. 
  • This launch is in line with India’s target to increase ethanol blending in petrol by 20% by 2025-2026.

About the Electrified Flex Fuel vehicle: 
i.The new Electrified Flex Fuel vehicle(FFV) is based on the Innova Hycross and is designed and developed to comply with the emission standards of India.

  • Flexible fuel vehicles (FFVs) have an internal combustion engine and are capable of operating on petrol and any blend of petrol and ethanol.

ii.The upcoming stages of this prototype will include meticulous refinement, homologation and certification process.
iii.This innovative vehicle has an internal combustion engine and is capable of operating on petrol and any blend of petrol and ethanol.

  • Until now, the maximum limit of mixing is set at around 83%.But but this model says to run on 100 per cent ethanol.

Key People:
Union Minister Hardeep Singh Puri, Ministry of Petroleum and Natural Gas(MoPNG), Union Minister Dr Mahendra Nath Pandey, Ministry of Heavy Industries; Masakazu Yoshimura, Managing Director & Chief Executive Officer (MD & CEO), Toyota Kirloskar were presented during the launch.
Bharat Stage (BS):
Bharat stage(BS) emission standards are emission standards instituted by the Government of India to regulate the output of air pollutants from compression ignition engines and Spark-ignition engines equipment, including motor vehicles.
Bharat Stage Six(BS-VI):
i.Bharat Stage Six (BS-VI) or BS6 is the 6th emission benchmark or criterion in reducing pollution levels when compared to the BSIV or BS4 emission norms.

  • Both are the maximum emission norms which set the maximum pollution from the exhaust of the motor vehicle.
  • India shifted to BS VI vehicular emission norms by 1st April 2020 from BS IV.

ii.As per the previous Auto fuel Policy, BS-II, BS-III and BS-IV quality auto fuels were introduced in India by 1sy April 2017. The Committee proposed the implementation of BS-V emission norms by 1st April 2020 and the BS-VI emission norms from 2024.
iii.Due to the increasing pollution, the Government implemented the BS-IV and BS-VI emissions with effect from 1st April 2020.
iv.The fuel quality has improved from BS-IV to BS-VI norms by reducing the permissible Sulphur content from 50 Parts Per Million (ppm) in BS-IV to a maximum of 10 ppm in BS-VI-compliant fuel.
Additional info:

  • India has reduced the dependence on oil imports with an aim to become self-reliant. At present, India imports fossil fuels worth Rs 16 lakh crore every year.
  • Ethanol (also called ethyl alcohol, or alcohol) is a biofuel with the chemical formula C2H5OH. It is naturally made by the fermentation of sugar.

President of India Released Rs.100 Coin Commemorating Late Shri NT Rama RaoGovernment of India(GoI) introduced a commemorative Rs.100 silver coin featuring the image of the Nandamuri Taraka Rama Rao (N.T. R),a former Chief Minister of Andhra Pradesh and a legendary Indian actor.President of India Droupadi Murmu released the coin to mark the 100th birth anniversary (centenary Year) of N.T.Rama Roa at Rashtrapati Bhavan Cultural Centre(RBCC) in New Delhi,Delhi.
Specifications of Rs.100 Silver coin:-

  • The coin is 44mm in diameter and it is made from 50 percent Silver, 40 per cent Copper, 5 per cent Nickel and 5 per cent Zinc.
  • It has three lions and the Ashoka Chakra on one side and an image of NTR on the other side, along with the inscription ‘Nandamuri Taraka Rama Rao Satha Jayanthi’.
  • NTR’s centenary, the coin also has the inscription 1923-2023.

About N.T.Rama Rao
i.He served as the Chief Minister of Andhra Pradesh for three terms and was well known as Anna Garu (Elder Brother) by the fans and supporters.He made his debut in Telugu language movies.
ii.N.T.Rama Rao was honored with three National Film Awards for his involvement in the production of Telugu movies Thodu Dongalu (1954) and Seetharama Kalyanam (1960) and directing Varakatnam (1970).He was also honoured with India’s fourth-highest civilian honour, the Padma Shri in 1968 in the field of arts and films.
iii.He became familiar in 1950s for his portrayal of Hindu Gods such as Lord Krishna,Lord Rama and Lord Shiva in his movies.
iv.He is also recognized for his role for the initiatives such as Telugu Cultural Renaissance and the Telugu language movement.
The Government Mint

  • India Government Mint, Mumbai (‘IGM Mumbai’) is engaged in the manufacture of circulation coins, commemorative coins, medals and medallions, and weights & measures standards. The IGM Mumbai, established in 1829, is one of the oldest mints in India.
  • It is part of the Union Finance Ministry and is operated by the Security Printing and Minting Corporation of India Limited (SPMCIL).
  • The first Mumbai Mint rupee was coined in the year 1672.

ADB Signs Agreement with Fourth Partner to Set up Solar Power Plant in Tamil NaduThe Asian Development Bank (ADB) signed an agreement of worth Rs 1.2 billion (about  USD 14.7 million) with Fourth Partner Energy (4PEL) Private Limited (Fourth Partner), an Independent Power Producer(IPP)  to build and operate a solar photovoltaic power plant in Tirunelveli, Tamil Nadu.

  • The 25 Megawatt(MW) power plant will produce electricity of  about 50.7 GigaWatt-hours(GWh) annually.

Note: ADB for the first time provides direct financing for a renewable energy plant.
Aim:

  • The solar photovoltaic power plant aims  to provide clean and affordable energy to commercial and industrial users.
  • The plant will prevent the emission of nearly 41,700 tons of carbon dioxide(CO2) per year.

About Open access energy procurement:
i.Open Access enables heavy users with a connected load exceeding 1 MW to purchase affordable electricity from the open market.
ii.India’s open access renewable energy policy allows businesses to buy electricity directly from IPP.

  • This can help them to reduce their carbon emissions and achieve net zero emission target.

Additional Info:
Other projects of Fourth Partner:  Construction of solar and wind parks across Ottapidaram, Tuticorin and Nandikundu, Virudhunagar  in Tamil Nadu.
About Asian Development Bank (ADB):
President – Masatsugu Asakawa
Headquarters –  Manila, Philippines
Established in – 1966
Members –  68 member countries
Fourth Partner Energy (4PEL) Private Limited (Fourth Partner)
Fourth Partner Energy, a premier Renewable Energy firm dedicated to the advancement of solar, wind, hybrid, battery storage, and e-mobility projects/solutions. Catering to the diverse needs of commercial, industrial, and institutional entities, the company has positioned itself as a beacon of innovation and progress.
Headquarters – Hyderabad, Telangana
Established in – 2010


‘Infinity Savings Account’ , First-Of-Its-Kind Fixed Fee-Based Savings Account Launched by Axis BankAxis Bank Limited launched ‘Infinity Savings Account’, a first-of-its-kind fully Digital fixed fee-based savings account with no paperwork or branch visits.We can able to open completely in digital through the Video Know Your Customer (KYC) process.

  • This account is designed for customer who are comfortable using digital services and often sign up for subscription-based services.

Eligibility:
Any Resident Indian who is 18 years and above with Initial Funding of Rs 5,000.
Benefits:
i.Customers need to pay a fixed amount of fee at a predefined interval of time.

  • There are no service charges or no Average Monthly Balance (AMB) requirement

ii.No charges on any domestic transactional fees.
iii.Free Debit Card with unlimited Automated Teller Machine (ATM) withdrawals.
iv.No charges on cheque book usage or transactions/withdrawals above limits.
Plans offered:
i.Monthly plan: The customers need to pay Rs 150 every month.The plan should be in active for a minimum of 6 months.
ii.Annual plan: The annual plan is charged at Rs.1650 (inclusive of GST) and offers Infinity benefits for 360 days.
About Axis Bank Limited:
Managing Director(MD) & Chief Executive Officer(CEO) – Amitabh Chaudhry
Headquarters – Mumbai, Maharashtra
Established in – 1993
Tagline – Badhti Ka Naam Zindagi


Highlights of RIL’s 46th AGM 2023; Jio AirFiber Launchedi.On August 27, 2023, the 46th Annual General Meeting of Reliance Industries Limited (RIL) was held through video-conferencing where Managing Director (MD) and Chairman Mukesh Ambani of RIL made key announcements.
ii.RIL’s consolidated revenues stood at Rs 9,74,864 crore, while Earnings before interest, taxes, depreciation, and amortization (EBITDA) for FY23 was Rs 1,53,920 crore. The net profit was Rs 73,670 crore.
iii.Reliance Jio Infocomm Limited (Jio) is all set to launch Jio AirFiber’, a new Fixed Wireless Access (FWA) internet service for homes and offices, on September 19, 2023 i.e. on the occasion of Ganesh Chaturthi.
iv.RIL will set up 100 Compressed Biogas (CBG) plants to convert agri-waste into gas. It already has set up two demo units for Compressed Biogas (CBG) at Jamnagar while it has commissioned the first commercial scale CBG plant at Barabanki in Uttar Pradesh (UP).
About Reliance Industries Limited (RIL):
CMD– Mukesh D. Ambani
Headquarters– Mumbai, Maharashtra
Establishment– 1958


Winners of India Smart Cities Awards Contest 2022 On 25th August 2023, The Ministry of Housing and Urban Affairs (MoHUA) has announced the winners of the India Smart Cities Award Contest (ISAC) under the Smart Cities Mission (SCM).

  • Indore(Madhya Pradesh) topped the National Smart City Award, followed by Surat(Gujarat) and Agra(Uttar Pradesh) in second and third place respectively.
  • Madhya Pradesh topped the State Award, followed by Tamil Nadu in the second place, and Rajasthan and Uttar Pradesh in the third place.
  • Chandigarh has awarded best Union Territory award.
  • In the Project Awards category, Coimbatore took the top spot for built environment, Ahmedabad for the culture and Integrated Command and Control Centre (ICCC) theme, Jabalpur for economy, Chandigarh for governance and mobility, Indore for sanitation, water and urban environment, Vadodara for social aspects.

About Ministry of Housing and Urban Affairs(MoHUA):
Union Minister– Hardeep Singh Puri(Rajya Sabha- Uttar Pradesh)
Minister of State– Kaushal Kishore (Constituency- Mohanlalganj, Uttar Pradesh)


Shriram Finance’s EVC Umesh Revankar Appointed as FIDC Chairman 
Umesh Revankar was appointed as the chairman of the Finance Industry Development Council (FIDC) for a period of 2 years with effect form 23rd August 2023. He is currently serving as the Executive Vice Chairman (EVC) of Shriram Finance Limited.

  • FIDC is a  Self-Regulatory Organization (SRO) cum Representative Body of Asset and Loan Financing of the Non-Banking Financial Corporation (NBFC) registered with the Reserve Bank of India(RBI).

Other Appointments:
Kamlesh Gandhi, Chairman and Managing Director (CMD) of MAS Financial Services Limited, and K. V. Srinivasan, Chief Executive Officer (CEO) of Profectus Capital Pvt Limited, will act as co-chairmen of FIDC.
About Umesh Revankar:
i.Umesh Revankar joined as an executive trainee with Shriram Group in 1987, and he has risen through the ranks, assuming various responsibilities and key leadership roles in business operations.
ii.Revankar also serves as a director for several companies within the Shriram Group, including Shriram Automall India, Shriram General Insurance company, and Shriram Life Insurance company.
About Finance Industry Development Council (FIDC):
Chairman– Umesh Revankar
Established -2004
Headquarters – Mumbai, Maharashtra


BHEL Manufactures First Set of Indigenous SCR Catalysts to limit NOx emission
Bharat Heavy Electricals Limited (BHEL) has manufactured India’s first set of Indigenous Catalysts for Selective Catalyst Reactors (SCR) for limiting oxides of nitrogen (NOx).This production is in line with the government’s “Make in India” Initiative.

  • Ms. Renuka Gera, Director (Industrial Systems & Products), BHEL flagged off the first set of indigenously manufactured SCR catalysts for the 5×800 Mega Watt(MW) Yadadri Thermal Power Station in Telangana, from the company’s Solar Business Division (SBD) unit in Bengaluru,Karnataka.
  • Combustion of coal converts the nitrogen bound in coal to form various products such as nitric oxide (NO), nitrogen dioxide (NO2) and nitrous oxide (N2O).These products are collectively called oxides of nitrogen (NOx) which are significant major pollutant.

Note – Bharat Heavy Electricals Limited (BHEL) is an Indian Maharatna central public sector Enterprise (CPSE) under the administrative control of the Ministry of Heavy Industries. Established in 1956, BHEL is based in New Delhi
i.As per the recent environment protection notification of Ministry of Environment and Forest,Telangana State Power Generation Corporation Limited (TSGENCO) had placed an order for SCRs for 5×800 MW Yadadri thermal power station,Telangana.
ii.Further, Maharashtra State Power Generation Co Ltd (MAHAGENCO) for 1×660 MW Bhusawal thermal power station in Maharashtra, West Bengal Power Development Corporation Limited (WBPDCL) for 1×660 MW Sagardighi thermal power station in West Bengal and National Aluminium Company Limited (NALCO) is a Navratna CPSE under Ministry of Mines for 1×18.5 MW Damanjodi thermal power station in Odisha.


F1 Dutch GP: Max Verstappen Wins 11th Title of 2023 SeasonMax Verstappen, the Red Bull driver (Dutch-Belgian) won the title at the Formula 1 (FI) Heineken Dutch Grand Prix(GP) held at Circuit Zandvoort, Amsterdam, the Netherlands from 25th to 27th August 2023.

  • Spain’s Fernando Alonso(Aston Martin ) won second place and France’s Pierre Gasly finished in third place for the first time with Alpine.
  • This also marks Verstappen’s 11th victory of the 2023 season out of 13 and 46th of his career.

Max Verstappen Records:
i.This marks his 9th consecutive F1 win of the 2023 season equals German  racing driver Sebastian Vettel’s record in 2013 with Red Bull.
ii.In 2023, Max won 11 GP including the Spanish GP, Monaco GP, Miami GP, Australian GP, Bahrain GP, Canadian GP, Austrian GP, British GP, Hungarian GP, Belgian GP and Dutch GP.

  • The other 2 titles of 2023 were won by Mexican racing driver Sergio Perez (Red Bull) in Saudi Arabia GP and Azerbaijan GP.

iii.This was  Verstappen’s third consecutive Dutch GP including 2021, 2022 and 2023.
iv.It was Red Bull’s 14th consecutive win starting from  Max Verstappen win at the final race of November 2022 in Abu Dhabi and 13th win  of the season.
F1 2023 Dutch GP Results:

  • After the time gap, Dutch GP returned in 2021.

ii.About the circuit Zandvoort:

  • Circuit Length – 4.259km
  • Number of Laps – 72
  • Race Distance – 306.587 km

National Sports Day 2023 – August 29The National Sports Day, also known as Rashtriya Khel Divas, is annually celebrated across India on 29th August to mark the birth anniversary of Major Dhyan Chand, the legendary Indian field hockey player, who is regarded as the greatest field hockey player in history.

  • He was popularly known as “The Wizard” or “The Magician of hockey” for his skill in ball control.  He was born on 29th August 1905 in Allahabad, British India (Present day Prayagraj, Uttar Pradesh).

29th August 2023 marks the celebration of the 12th National Sports Day(Rashtriya Khel Divas).
Background: 
The government of India(GoI) declared that 29th August of every year will be observed as National Sports Day, starting from 2012, to commemorate the birth anniversary of hockey legend Major Dhyan Chand.

  • The first National Sports Day was celebrated on August 29, 2012.

International Day against Nuclear Tests 2023 – August 29The United Nations (UNInternational Day against Nuclear Tests is annually observed across the globe on 29th August to create awareness about the harmful effects of nuclear weapon tests or other nuclear explosions.

  • The day also promotes the cessation of nuclear tests as one of the vital parts of achieving the goal of a nuclear-weapon-free world.

Background:
i.The United Nations General Assembly (UNGA) adopted the resolution A/RES/64/35 on 2 December 2009 and proclaimed the 29th August of every year as the International Day against Nuclear Tests.
ii.The resolution was initiated by the Republic of Kazakhstan along with several sponsors and cosponsors.
iii.The first-ever International Day against Nuclear Tests was observed on 29th August 2010.
Why August 29? 
The observance of  International Day against Nuclear Tests commemorates the closure of the Semipalatinsk Nuclear Test site in Kazakhstan on 29 August 1991.
About the United Nations General Assembly (UNGA) :
The UN General Assembly (UNGA) is one of the six principal organs of the UN

  • Dennis Francis of Trinidad and Tobago elected 78th UNGA president

77th UNGA President– Csaba Korosi
Headquarters–  New York, United States of America(USA)


Gujarat CM Launches Online Platform for Panchayati Raj InstitutionsChief Minister(CM) of Gujarat, Bhupendra Patel launched a software called the Panchayati Raj Accounting Information System Automation (PRAISA), to  make online payment compulsory for Panchayati Raj institutions at a state-level ‘Meri Mati Mera Desh‘campaign in Gandhinagar, Gujarat.

  • Panchayati Raj institutions & local self-governed bodies will be handling their financial transactions worth Rs 34,000 crore in PRAISA to increase transparency.

Key Points:
i.Instead of cheques, PRAISA  is used by Panchayati Raj institutions to make payments to contractors or vendors.
ii.This software can also issue work orders, make payment to and maintain the accounts.
iii.This portal facilitate all financial and accounting transactions for 33 districts and 248 taluka panchayats through this online platform, making the administration paperless and more effective.
iv.Dashboards such as Gujarat CM Dashboard, Integrated Financial Management System (IFMS) and Public Financial Management System (PFMS) will be connected with PRAISA.
V.Quick Response (QR) codes and schedules are mandatory for making payments through PRAISA.PRAISA allows real-time monitoring of any panchayat’s transactions at taluka, district and state level
About Meri Mati Mera Desh Campaign:

  • “Meri Maati Mera Desh“, is a nationwide and people led “Jan bhagidari” initiative to commemorate 75 years of India’s independence.
  • It is the final event of Azaadi ka Amrit Mahotsav program.
  • Tagline: `Mitti ko naman, veeron ka vandan`.

About Gujarat:
Governor – Acharya Devvrat
WildLife Sanctuary – Balaram Ambaji Wildlife Sanctuary, Jambughoda Wildlife Sanctuary
Airport – Sardar Vallabhbhai Patel International Airport, Dholera International Airport

Current Affairs – 29 August 2023

MoD Signs to Acquire Five Indigenously Built FSS from HSL Worthing 19,000 CroreApproved by the Cabinet Committee on Security, The Ministry of Defence has signed a contract with Hindustan Shipyard Limited (HSL), Visakhapatnam (Andhra Pradesh) for the acquisition of five indigenously built Fleet Support Ships (FSS) for the Indian Navy worth 19,000 crore (approximately).
About The Fleet Support Ships (FSS):

  • The FSS will be built with a length of 225 metres and a width of 32 metres and will have a displacement of 44,000 tonnes.
  • It will be deployed for restocking ships at sea with fuel, water, ammunition and stores
  • These ships can also be deployed for evacuation of people and human assistance and disaster relief (HADR) operations.
  • The Fleet Support Ships (FSS) that are signed will carry a cargo of almost 25,000 tonnes
  • These vessels is a flag bearer of  ‘Aatmanirbhar Bharat’ in harmoniousness with the ‘Make in India’ initiatives.
  • Construction of these ships encourage small and medium-sized enterprises to participate in production process.
  • The 44,000-tonnes FSS will be the first of its kind to be constructed in India by an Indian Shipyard and will be successfully delivered in eight years.

About Ministry of Defence:
Union Minister – Raj Nath Singh (Lucknow, Uttar Pradesh)
Minister of States(MoS) – Ajay Bhatt (Nainital-Udhamsingh Nagar, Uttarakhand)
About Hindustan Shipyard Limited (HSL):
Chairman & Managing Director (CMD) – Hemant Khatri
Headquarters – Visakhapatnam, Andhra Pradesh
Established – 1941

Ministry of Jal Shakti Releases Report on 6th Census on Minor Irrigation SchemesOn 26th August 2023, the Ministry of Jal Shakti, Department of Water Resources (WR), River Development, and Ganga Rejuvenation (DoWR, RD & GR) released the report on the 6th census on Minor Irrigation (MI) schemes.

  • This report also provides State-wise detailed information on all key parameters of MI projects in India.
  • This report will be useful for planners, researcher scholars, agricultural and groundwater scientists, and all concerned with the development of irrigation and the agricultural economy of India.

About Ministry of Jal Shakti:
Union Minister with Constituency– Gajendra Singh Shekhawat (Jodhpur, Rajasthan)
Ministers of State (MoS) with Constituency– Prahlad Singh Patel (Damoh, Madhya Pradesh) and Bishweswar Tudu (Mayurbhanj, Odisha)


Highlights of PM Narendra Modi visit to SA for 15th BRICS Summit; BRICS officially expands from 5 to 11 members 

i.The Prime Minister (PM) of India Narendra Modi visited Johannesburg, South Africa (SA) from August 22-24, 2023 to attend the 3 day annual 15th BRICS (Brazil, Russia, India, China, and South Africa) Summit 2023 at the invitation of  Matamela Cyril Ramaphosa, President of SA.
ii.It should be noted that, the SA President Cyril Ramaphosa is the Chair of 15th BRICS Summit.
iii.On August 23, 2023 PM Narendra Modi attends 15th BRICS Summit held under SA’s chairship, in Sandton in Johannesburg, Gauteng, South Africa on the theme ‘BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism’. This was the first in-person BRICS Summit since 2019.
iv.The event reviewed the ongoing initiatives and the identification of future prospects.
v.During the summit, a loan agreement was inked between the BRICS’ New Development Bank (NDB), and the Trans-Caledon Tunnel Authority (TCTA) for the implementation of phase II of the Lesotho Highlands Water Project (LHWP).
About South Africa:
President– Cyril Ramaphosa
Currency– South African Rand
Capital– Pretoria (executive), Cape Town (legislative), and Bloemfontein (judicial)


Overview of PM Modi Visit to Greece: Modi Honoured with Grecee’s Grand Cross of the Order of HonourPrime Minister (PM) of India Narendra Modi embarked on a one-day visit to  Greece on 25th August 2023 at the invitation of Kyriakos Mitsotakis, Prime Minister (PM) of Greece.

  • PM Modi’s visit to Greece marks the first visit of an Indian Prime Minister to Greece in 40 years.

Note: Indira Gandhi was the last Indian Prime Minister to visit Greece. She travelled to Greece in September 1983.
Highlights:
i.Katerina Sakellaropoulou, President of Greece honoured PM Narendra Modi with The Grand Cross of the Order of Honour. He became the first Indian PM to receive the honours.
ii.India and Greece have decided to strengthen their bilateral relations into a strategic partnership for the benefit of the people of India and Greece.
iii.During his visit to GreecePM Modi highlighted India and Greece’s plan to double the bilateral trade between India and Greece by 2030 and announced an agreement in the field of agricultural production.
About Greece:
Prime Minister– Kyriakos Mitsotakis
President– Katerina N. Sakellaropoulou.
Capital– Athens
Currency– Euro


Ex BRIGHT STAR-23: Maiden Multilateral Exercise of IAF Held in Egypt from August 27 to September 16, 2023Indian Air Force (IAF) contingent will be participating in Exercise BRIGHT STAR-23, a biennial multilateral tri-service exercise scheduled to be held at Cairo (West) Air Base, Egypt, from August 27 to September 16, 2023, towards encouraging global defense cooperation with Egypt. This is the first time that IAF is participating in Ex Bright Star-23.

  • The participation of IAF showcases India’s commitment to strengthening strategic partnerships and enhancing joint operational capabilities. IAF contingents engaging in flying exercises abroad make them true Diplomats in Flight Suits.

Aim of Ex Bright Star-23:
The objective of the exercise is to practice planning and execution of joint operations. Besides leading to the formation of bonding across borders, these exercises allow nations to plan and execute complex operations together.
Indian Participants:
i.The IAF contingent will consist of five MiG-29, two IL-78, two C-130 and two C-17 aircraft.
ii.Personnel from the IAF’s Garud Special Forces, as well as those from the Numbers 28, 77, 78, and 81 Squadrons, will be participating in the exercise.
iii.The IAF transport aircraft will also provide airlift to approximately 150 personnel from the Indian Army.
Other Participants:
Ex BRIGHT STAR-23 will also see the participation of contingents from the United States of America (USA), Saudi Arabia, Greece, and Qatar.
Key Points:
In the 1960s, India and Egypt fostered a remarkable relationship and deep cooperation that encompassed the development of aero engines and aircraft, along with extensive pilot training.
About Egypt:
Prime Minister– Mostafa Madbouly
Capital– Cairo
Currency– Egyptian Pound (EGP)


Govt of Canada Hosted 7th Assembly of the Global Environment Facility from August 22-26, 2023 in Vancouver, CanadaThe Government of Canada hosted the 7th Assembly of the Global Environment Facility (GEF) in Vancouver, British Columbia, Canada from 22-26 August 2023. The assembly gathered environmental leaders from 185 countries.
On 24th August 2023, the Global Environment Facility (GEF) launched the new Global Biodiversity Framework Fund (GBFF) designed to mobilize and accelerate investment for the conservation and sustainability of wild species and ecosystems globally.
On 23rd August 2023 GEF selected 23 civil society organizations as winners of its Inclusive GEF Assembly Challenge Program, and the winning projects were announced during the 7th GEF Assembly held at the Vancouver Convention Centre in Vancouver, Canada.
About Global Environment Facility (GEF):
Chief Executive Officer & Chairperson– Carlos Manuel Rodriguez
Headquarters– Washington, District of Columbia (DC), United States of America (USA)
Established in 1991 and started operations on the eve of the 1992 Rio Earth Summit


DBS Bank and Maptrasco Partnered to Complete First Live eBL Transaction Between India & Singapore DBS Bank Ltd (formerly known as Development Bank of Singapore Limited) in collaboration with Maptrasco, a Singapore-based commodities trader, has completed the first “live” transaction of electronic Bills of Lading (eBL) for shipments between Singapore and India.

  • The transaction was implemented under the TradeTrust framework, an initiative by the Infocomm Media Development Authority (IMDA) and supported by Enterprise Singapore.
  • With this first shipment, businesses in Singapore and India can now access the benefits of the TradeTrust network via their preferred TradeTrust-enabled platforms.
  • The TradeTrust network can enable the digital trade finance of live shipments of goods between the 2 countries.

Note: Companies keen on executing eBLs in digital Letters of Credit transactions can reach out to DBS.
Key Points:
i.The project supports the United Nations (UN) Model Law for Electronic Transferable Records and aims to drive cross-border document and title exchanges.
ii.The successful transaction paves the way for more efficient, interoperable digital bills of lading, and is a key milestone in the digital transformation of trade financing.
About the Partnership:
i.The successful live transaction between Singapore and India is the first step towards establishing a fully digital trade corridor between the two countries.
ii.DBS collaborated with Maptrasco to create and execute this solution that relies on the innovative TradeTrust framework developed by IMDA and intends to commercialise this solution, making it available not only in the region but also beyond.
iii.The implementation of electronic bills of lading, in partnership with DBS, has helped to improve efficiency, reduce operating costs, and significantly speed up transaction times.
Bills of lading:
i.These are essential documents in shipping and logistics and serve as legal proof of ownership for goods during transit, as well as receipt of goods.
ii.However, only about 1.2% of bills of lading globally are issued electronically due to limitations in platforms that are not interoperable or use variations in rulebooks and standards, which makes scalability challenging.
About DBS Bank Ltd:
Chief Executive Officer– Piyush Gupta
Headquarters– Marina Bay Financial Centre, Singapore
Established in– 1968


Yes Bank Partnered with Zaggle to Launch Corporate Credit Card
Yes Bank Ltd launched a co-branded Corporate Credit Card named ‘YES BANK Zaggle Corporate Credit Card’ in partnership with Zaggle, a spend management platform, to empower businesses to redefine their corporate payments, expenditure management, and cash flow optimisation.

  • The card provides a solution by granting businesses direct authority over company expenses. This includes setting individual spending limits, applying merchant category restrictions, and implementing diverse controls.
  • The card will facilitate businesses to bring in greater cost efficiencies by facilitating integration with Zaggle’s ZatiX, a spend management and analytics platform, allowing corporates to optimise cash outflows.
  • Yes Bank’s partnership with Zaggle allows businesses to enhance their operational efficiency by consolidating banking transactions, managing business expenses, and offering a centralized solution for tracking all business-related overheads.
  • The Co-branded cards are a compelling proposition for businesses, offering a dual benefit of upfront savings on spending and the privilege of earning rewards on both spending and repayments across a large range of business expense categories.

Note: Zaggle collaborated with Yes Bank for prepaid cards in 2016, before the Reserve Bank of India (RBI)-initiated restructuring in 2019.


LIC tied up with Saraswat Cooperative Bank to sell LIC Products under Bancassurance 
Life Insurance Corporation of India (LIC) tied up with a Mumbai (Maharashtra) headquartered Saraswat Cooperative Bank Ltd., India’s largest urban cooperative bank, to increase the distribution of life insurance products through the Bancassurance channel.

  • Citizens and Customers of Saraswat Bank can now purchase LIC insurance products directly through Saraswat Bank.
  • LIC, being the premier insurer of India, has insurance products for all segments of society, from annuity, Unit-Linked Insurance Plans (ULIP), and term insurance to savings plans.
  • Saraswat Bank Bank has a vast network of 294 Branches (as of March 31, 2023) spread over 6 states and is serving over 2 million customers.

Note: Bancassurance refers to the partnership or relationship between a Bank and an insurance company whereby the insurance company leverages the Bank’s sales channel in order to sell insurance products.


Emmerson Mnangagwa Re-Elected As President As The Second Term Emmerson Mnangagwa, President of  Zimbabwe,  re-elected to the post for the second term of 5 years(ie., 2023-28) and final term. He belongs to the Zimbabwe African National Union – Patriotic Front (ZANU–PF) political party.

  • He secured  52.6 percent of the vote against his opponent Nelson Chamisa of political party Citizens’ Coalition for Change (CCC) who secured 44 percent votes.
  • He is known as ‘The Crocodile’ for his ruthlessness.

About the election:
i.This election occurs after six years (last in 2017) after the overthrow of longtime ruler Robert Mugabe in a military coup.
ii.In the election ZANU-PF obtained 136 out of the available 210 seats through a first-past-the-post mechanism; CCC  secure 73 seats.
Additional info:

  • The country is struggling with high unemployment and poverty.
  • Nearly 3.8 million individuals are projected to experience food insecurity within the current year(2023-24).

About Zimbabwe:
Capital – Harare
Currency – Zimbabwe Dollar


GRSE Signs MoU with DEMPO Group For Building Commercial ShipsThe Garden Reach Shipbuilders and Engineers (GRSE) Ltd, Kolkata, West Bengal has signed a Memorandum of Understanding (MoU) with V.S.Dempo Holdings Private Limited (Dempo Group) for building commercial vessels.

  • The vessels will be built at the 3 shipyards of the Dempo Group, including two in Goa and one in Bhavnagar, Gujarat.
  • It marks the GRSE’s first attempt to build commercial vessels.

Note:
Dempo Shipbuilding & Engineering Pvt. Ltd wholly-owned subsidiary of V.S.Dempo Holdings Private Limited, is responsible for ship building and ship repair.
Dempo Group has two shipyards in Goa, one at Mandovi in Bainguinim, Old Goa, and the other at Undir, Bandora, on the banks of the Zuari River in Goa.
About the Partnership:
i.The partnership will create a very helpful ecosystem that will draw advantages from one another’s knowledge and use resources to secure more domestic and international shipbuilding orders.
ii.This is GRSE’s first attempt to significantly broaden its commercial shipbuilding operations in order to capture a significant market share in the building of both domestic and foreign commercial vessels.
Indian Shipbuilding Market:
i.According to a recent study, the Indian shipbuilding market is worth USD 7.1 billion in 2023 and is predicted to grow to USD 8.76 billion by 2028.
ii.Globally, the shipbuilding market is expected to develop at a compound annual growth rate (CAGR) of 5.45% from USD 170 billion to USD 230 billion by 2028.

  • It also indicates India currently contributes less than 1% to the global commercial shipbuilding sector.

About Garden Reach Shipbuilders and Engineers (GRSE) Ltd:
GRSE is a Category 1 Mini Ratna Public Sector Undertaking (PSU) Company under the Ministry of Defence(MoD).
Chairman and Managing Director (CMD) – Commodore (Retd) P R Hari
Headquarters– Kolkata, West Bengal
Incorporated in 1934


Kunlavut Vitidsarn Wins Men’s Singles Title at the BWF World Championships 2023Kunlavut Vitidsarn of Thailand and An Se-young of South Korea won the men’s singles and Women’s singles titles respectively in the Badminton World Federation(BWF) World Championships 2023.

  • The TotalEnergies Badminton World Federation(BWF) World Championships 2023 held in Royal Arena, Copenhagen, Denmark from 21st to 27th August 2023.
  • India’s HS Prannoy won the bronze medal in the men’s singles at the BWF World Championships 2023.

About the Badminton World Federation (BWF):
President – Poul-Erik Høyer Larsen
Headquarters – Kuala Lumpur, Malaysia
Established – 1934


Neeraj Chopra Wins Gold Medal in the World Athletics Championships 2023The 2020 Tokyo Olympics gold medallist Neeraj Chopra won the gold medal in the World Athletics Championships 2023 in the javelin with an 88.17m throw.

  • The 19th edition of the World Athletics Championships 2023 was held in (Venue – The National Athletics Centre) Budapest, Hungary from 19th to 27th August 2023.
  • Indian men’s 4x400m relay team comprising Muhammed Anas Yahiya, Amob Jacob, Muhammed Ajmal and Rajesh Ramesh finished fifth in the finals.
  • Parul Chaudhary finished 11th in the final of the women’s 3000m steeplechase.
  • Jeswin Aldrin finished 11th in the Men’s long jump finals with a 7.77 m Jump.

About World Athletics(Formerly The International Amateur Athletic Federation):
President– Sebastian Coe
Headquarters– Monaco, Europe
Established -1912


Eminent Indian English Poet Jayanta Mahapatra Passed AwayJayanta Mahapatra, an Eminent Indian English poet and Litterateur, who was the first recipient of Sahitya Akademi award for English poetry(1981), passed away in Cuttack, Odisha. He was born on 22nd October 1928 in Cuttack, Odisha.
About Jayanta Mahapatra:
i.Jayanta Mahapatra has served as the professor of Physics at various government colleges in Odisha from 1949 to 1986(retired).
ii.He published his 1st book of poems “Svayamvara and Other Poems” in 1971.
iii.He has authored around 27 books which also includes 7 written in Odia and the remainder in English.
iv.He is will known for his poems like “Indian Summer” and “Hunger,” which are considered classic in modern Indian English literature.
Other Noted works: 
Poetry: Bare Face, Shadow Space
Prose: Green Gardener(an Anthology of short stories); Door of paper: Essays and Memoirs.
Awards:
i.He received the Sahitya Akademi Awards in 1981 for Relatioship(poetry), the first Akademi Awad for English poetry.
ii.Government of India honoured him with Padma Shri in 2009 for Literature and Education.
iii.He won the prestigious SAARC(South Asian Association Regional Cooperation) literary Award for the year 2009.
iv.He has also won the Allen Tate Poetry prise for 2009 from the Sewanee Review.

Current Affairs – 27 & 28 August 2023

C-DOT Launched TRINETRA on Its 40th Foundation DayTRINETRA, a comprehensive security system, was launched on the celebration of 40th Foundation Day of Centre for Development of Telematics (C-DOT) observed on 25th  August 2023.

  • C-DOT is Telecom Research & Development(R&D) centre of the Department of Telecommunications, Ministry of Communications.
  • The event was inaugurated by Devusinh Chauhan, Minister of State(MoS) for Communications, Government of India.

About Centre for Development of Telematics (C-DOT):
Chief Executive Officer(CEO) – Rajkumar Upadhyay
Headquarters – New Delhi, Delhi
Established in – 1984


G20 TIMM adopted G20 Trade and Investment Outcome Document and Chair’s SummaryThe Group of Twenty (G20) Trade and Investment Minister’s Meeting (TIMM) was held under the India’s G20 Presidency at the Pink City of India i.e. Jaipur in Rajasthan.

  • The meeting was led by Union Minister Piyush Goyal, Ministry of Commerce and Industry (MoCI).
  • The meeting concluded with the finalisation and adoption of G20 Trade and Investment Outcome Document and Chair’s Summary.

Key Points from Document:
The meet consensus on the following five deliverables which have been adopted in the Outcome Document of Trade Ministerial Meeting:
i.First deliverable involves High-Level Principles for digitalizing trade documents, encompassing 10 principles guiding effective transition to paperless trade with emphasis on security, interoperability, and inclusivity.
ii.Jaipur Call for Action was issued to improve MSMEs’ (Micro, Small & Medium Enterprises) information access, with plans for the International Trade Center (ITC), Genva, Switzerland to upgrade its Global Trade Helpdesk, addressing MSMEs’ information gaps with the consultation from United Nations Conference on Trade and Development (UNCTAD) and World Trade Organization (WTO).
iii.Endorsement of G20 Generic Mapping Framework for Global Value Chains (GVCs), including data, analysis, and representation building blocks, along with principles to enhance GVC resilience and collaboration.
iv.Sharing of best practices on Mutual Recognition Agreements (MRAs) for professional services.
v.Recognition of the need for mutual dialogues to reduce regulatory differences and trade frictions, along with plans for a 2023 G20 Standards Dialogue to discuss regulatory practices and standards.
Note:
G20 comprises 19 countries viz. Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, the United Kingdom (UK), and the United States of America(USA) — and the European Union (EU).

  • The G20 members represent around 85% of the global GDP, over 75% of the global trade, and about two-thirds of the world population.

MoE Announces Launch of Smart India Hackathon 2023On 23rd August 2023, The Ministry of Education’s(MoE) Innovation Cell in collaboration with the All India Council of Technical Education (AICTE) announced the launch of the 6th edition Smart India Hackathon (SIH) 2023.

  • SIH-2023 is supported by the participation of 26 Central Ministries, 6 State Ministries, and 4 Industry partners.
  • The last date for the submission of problem statements for senior SIH is September 30, 2023, whereas for Junior SIH, it is October 30, 2023.

Note:The first edition of the Smart India Hackathon was held in 2017.For the Junior category, this is the 2nd edition since it was started in 2022.
Key people:
i.Sanjay Murthy, Secretary of Higher Education, Prof. T.G. Sitharam, Chairman of AICTE, and Dr. Abhay ere, Vice Chairman of AICTE were present at the announcement event at New Delhi, Delhi.
About Smart India Hackathon 2023:
i.Smart India Hackathon 2023 is a nationwide initiative to provide students with a platform to address critical challenges, we encounter in our everyday lives.It aims to foster a culture of product innovation and cultivate problem-solving skills among participants.
ii.The competition is set to be held in two categories.

  • SIH Junior – Class 6th-12th students.
  • SIH Senior – Higher Education Institution (HEI) students (Graduate/Post-Graduate/Doctor of Philosophy)

iii.Themes – Agriculture, FoodTech & Rural Development, Blockchain & Cybersecurity, Clean & Green Technology, Disaster Management, Fitness & Sports, Heritage & Culture, MedTech / BioTech / HealthTech, Miscellaneous, Renewable / Sustainable Energy, Robotics and Drones, Smart Automation, Smart Education, Smart Vehicles, Transportation & Logistics, Travel & Tourism and Toy.
iv.Participants can choose their problems from the collection of 239 problem statements, including 182 software challenges and 57 hardware challenges
v.The tentative dates for the grand finale of Senior SIH and Junior SIH are in the first week of November 2023 and January 2023, respectively.
Additional info:
i.UNESCO India Africa Hackathon was inaugurated at Gautam Buddha University in Uttarpradesh on November 2022.
ii.The National Cybersecurity Hackathon ‘KAVACH-2023’ was conducted by AICTE in collaboration with the Bureau of Police Research and Development (BRPD), and the Indian Cyber Crime Coordination Centre (I4C) along with Ministry of Home Affairs.

  • It was launched in February 2023 and the valedictory was held in AMC Engineering College, Bengaluru on 10th August 2023.

ii.The four teams won the ‘KAVACH-2023’ including LNCT University of Bhopal (Madhya Pradesh), G.H. Raisoni College of Engineering and Business Management (Jalgaon, Maharashtra), Bhilai Institute of Technology Durg (Chhattisgarh) and Sri Krishna College of Engineering and Management (Coimbatore, Tamil Nadu).


President of India Releases Postage Stamp in Memory of Dadi Prakashmani
Droupadi Murmu, The President of India, released a postage stamp in memory of Dadi Prakashmani, former chief of Brahma Kumaris, at Rashtrapati Bhavan Cultural Centre in New Delhi, Delhi.

  • The stamp was released under the ‘My Stamp’ initiative of the Department of Posts, Ministry of Communications, to commemorate Dadi Prakashmani’s 16th death anniversary. Dadi passed away on 25th August 2007.

i.Dadi Prakashmani, known as Dadi Kumarka, was born in 1922 in the north Indian province of Hyderabad, Sindh (now in Pakistan). She served as the Administrative Head of Brahma Kumaris from 1969 until 2007.
ii.During her lifetime, the organization expanded from 1 country to 120 countries with over 5,000 centres and sub-centres around the world.

  • The Brahma Kumaris, officially known as the ‘Prajapita Brahma Kumaris Ishwariya Vishwa Vidyalaya,’ is a global spiritual movement dedicated to personal change and world rejuvenation.
  • The organisation was founded by Prajapita Brahma in 1936 in Hyderabad, Sindh. It is now headquartered in Mount Abu, Rajasthan.

‘UPI Chalega 3.0’: NPCI Launched 3rd edition of UPI Safety Awareness Campaign
The National Payments Corporation of India (NPCI) has launched “UPI Chalega 3.0”, the 3rd edition of its Unified Payments Interface (UPI) Safety Awareness campaign, developed in collaboration with key stakeholders in the payments ecosystem.  The campaign aims to promote the adoption of UPI as a secure, easy, and instant mode of payment.
The campaign is designed to educate users about UPI’s various features, including UPI LITE for quick low-value transactions, UPI AUTOPAY for secure recurring payments, and UPI Interoperability for seamless money transfers across all UPI-enabled applications.

  • Aim: To drive UPI adoption and safe usage through engaging initiatives such as enhancing brand awareness of UPI, improving understanding of its features, and encouraging wider adoption among new users.
  • A dedicated microsite, http://www.upichalega.com, has been created to provide a comprehensive resource hub, which offers informative videos, instructional guides, details about participating banks and third-party apps, and dynamic social media updates.
  • Users can access detailed information about UPI services, enabling them to set up and use UPI LITE, UPI AUTOPAY, and UPI Interoperability.

Note: In 2020, the UPI Chalega campaign was launched under the guidance of the Financial Literacy Advisory Committee (FLAC). UPI Chalega Campaign 1.0 and 2.0 had a significant impact on the adoption and understanding of UPI, making it the preferred payment method.


India’s First AI School Launched in Kerala
On 22nd August 2023, Former President of India Ram Nath Kovind inaugurated India’s first Artificial Intelligence (AIschool at Santhigiri Vidyabhavan in Thiruvananthapuram, Kerala.

  • AI School was created by iLearning Engines (ILE) of the United States of America(USA) in collaboration with Vedhik eSchool which was managed by a committee of veteran professionals including former Chief Secretaries, DGPs and Vice Chancellors.

iAI School facility will be initially available to students from classes 8 to 12. The curriculum and methodology are designed in compliance with the National School Accreditation Standards, which are based on the New National Education Policy (NEP 2020).
ii.It provides coaching for competitive exams including JEE (Joint Entrance Exam) , NEET(National Eligibility cum Entrance Test), CUET(Common University Entrance Test), CLAT(Common Law Admission Test), GMAT(Graduate Management Admission Test), ILETS(International English Language Testing System).
iii. By providing digital content through the school’s website, the financial burdens on parents will be reduced.


RBI raises Small Value Payment Transaction Limit in Offline Mode to Rs 500i.The Reserve Bank of India (RBI) increased the upper limit for offline transactions to Rs 500 from Rs 200 w.e.f. August 24, 2023, following its announcement during the bi-monthly policy review on August 10, 2023.
ii.However, overall limit is retained at Rs 2000 to contain the risks associated with relaxation of two-factor authentication.
iii.The information for the same was provided by RBI under Section 10 (2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007).
iv.Offline digital payments are Internet-free transactions, often for small amounts, by using means like National Common Mobility Card (NCMC) and UPI (Unified Payments Interface) Lite.
About Reserve Bank of India (RBI):
Governor – Shaktikanta Das
Deputy Governors – Swaminathan Janakiraman, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra

IRDAI Approves Amendments to Reinsurance Regulations On August 24, 2023, the Insurance Regulatory and Development Authority of India (IRDAI), during its 123rd Authority Meeting, approved amendments to Reinsurance Regulations to enhance the business environment, and to attract more reinsurers to set up operations in India.

  • These amendments streamline the existing regulations for all insurance market participants including Indian insurers, Indian reinsurers, Foreign Reinsurance Branches (FRBs), and International Financial Services Centre(IFSC) Insurance Offices (IIOs).
  • This will also position India as a key global reinsurance center.

Key Amendments:
i.The amendments include a reduction of the minimum capital requirement for FRBs from Rs 100 Crore to Rs 50 Crore, with the provision to repatriate any excess assigned capital.

  • The decrease in the capital requirement for overseas reinsurers will increase the number of reinsurers operating within India.

ii.The order of preference for various categories has also been simplified from six to four levels. These levels are as follows:

  • Category 1: This includes Indian Reinsurers, with the sole Indian reinsurer being GIC Re.
  • Category 2: IIOs, which invest 100% of retained premiums within India’s domestic market, as well as FRBs.
  • Category 3: Encompasses other International Insurers and Intermediaries.
  • Category 4: It includes other Indian insurers and Cross Border Reinsurers (CBRs) for per-risk facultative placements within the registered insurer’s business segment.

iii.The format for reinsurance programmes has been simplified, and regulatory reporting requirements have been rationalised for increased clarity and effectiveness.
iv.The regulatory framework for IIOs has been aligned with International Financial Services Centres Authority (IFSCA) regulations to remove dual compliance.
Focus Areas of Amendments:
i.To expand reinsurance sector capacity to meet rising demand and handle bigger risks.
ii.To boost industry expertise to encourage excellence and innovation.
iii.To ease compliance obligations for sector entities, enhancing regulatory navigation efficiency.
About Insurance Regulatory and Development Authority of India (IRDAI):
It is a statutory body formed under an Act of Parliament, i.e., Insurance Regulatory and Development Authority Act, 1999 (IRDAI Act 1999) .It is a public authority as defined in the Right to Information Act, 2005
Chairman– Debasish Panda
Headquarters– Hyderabad, Telangana
Establishment– 2000


IIT Bombay Partners with HSBC to Support Innovation-led Green Hydrogen InitiativesThe Indian Institute of Technology (IIT) Bombay, (Mumbai) Maharashtra has partnered with HSBC to pursue technological advancements towards making green hydrogen production more efficient, cost-effective, and scalable.

  • This partnership will help boost the Indian government’s National Green Hydrogen Mission (NGHM) focused on providing policy support towards achieving global leadership in green hydrogen transition.

This partnership was unveiled by Union Minister Nirmala Sitharaman, Ministry of Finance at Delhi on August 24, 2023.
Key People:
Prof. Ravindra D. Gudi, IIT Bombay, Group Chairman, HSBC, Mark Tucker; CEO, HSBC India, Hitendra Dave; Global Head of Philanthropy & Head of Sustainability, HSBC India,  Aloka Majumdar among others were present during the event.
About Partnership:
i.The IIT Bombay and HSBC partnership will boost IIT researchers and students to create innovative solutions to address challenges in green hydrogen technology. The initiative involves project proposals from IIT Bombay, assessed by a steering committee including HSBC India representatives and professors, potentially leading to incubation for the top submissions.
ii.India’s MGHM targets 5 MMT (Million Metric Tons)  annual green hydrogen production by 2030, contributing 125 GW (Giga Watt) renewable energy capacity and aiding the country’s net-zero emissions goal.
IIT Bombay has received a donation of USD 18.6 million for Green Energy and Sustainability Research Hub
IIT Bombay has received an USD 18.6 million donation from an alumnus to establish a Green Energy and Sustainability Research Hub, which will redefine the institute’s role in tackling the global climate crisis.
The hub will be located within a state-of-the-art academic building on the IIT Bombay campus in suburban Powai.
Focus Areas:
It will focus on vital aspects such as assessing climate risks, devising mitigation strategies, climate adaptation, and environmental monitoring. It also aims to promote renewable energy adoption, efficient technologies, and research in key domains like battery tech, solar energy, biofuels, clean air, flood forecasting, and carbon capture. The center will provide tailored industry education and foster collaborations with global universities and corporations.


RBI approves the amalgamation of Akola Merchant Co-operative Bank Limited with Jalgaon Peoples Co-operative Bank Limited The Reserve Bank of India(RBI) sanctioned the Scheme of Voluntary Amalgamation of Akola (Maharashtra) based Akola Merchant Co-operative Bank Limited with Jalgaon (Maharashtra) based The Jalgaon Peoples Co-operative Bank Limited. Both of the banks are Urban Co.operative Banks(UCB).

  • The authority is granted under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949.

After Amalgamation:
i.The Scheme of Amalgamation will come into force with effect from 28th  August, 2023.
ii.Following the amalgamation, the branches of Akola Merchant Co-operative Bank Ltd., will function as branches of  The Jalgaon Peoples Co-operative Bank Ltd.
About Amalgamation guidelines:
i.RBI has the authority to approve the voluntary amalgamation of Co.operative banks based on its discretion.
ii.The Amalgamation was based on a comprehensive framework notification of RBI released in 2021, named Master Direction – Amalgamation of Urban Cooperative Banks, Directions, 2020.
RBI may consider proposals for merger or amalgamation of urban cooperative banks (UCBs) under three circumstances.
About Jalgaon Peoples Co-operative Bank Limited:
Managing Director(MD) & Chief Executive Officer(CEO) – Rohit Pandurang Bhujbal
Headquarters – Jalgaon, Maharashtra
Established in  – 1933


Frontier Markets Joined with Airtel Payments Bank and Mastercard Partner, Launched ‘She Leads Bharat: Udyam
Frontier Markets, a Social Commerce Platform, in collaboration with Airtel Payments Bank and the Mastercard Center for Inclusive Growth launched an initiative ‘She Leads Bharat: Udyam’ . The announcement was made at the 1st edition of Asia Inclusive Growth Forum.

  • The initiative aims to elevate 1,00,000 women-owned small businesses in Rajasthan and Uttar Pradesh.
  • This  is a first-of-its-kind initiative that brings together the private sector,social enterprise, and philanthropy in the banking, financial services, and insurance sector.
  • This initiative focuses on showcasing a digital-first approach to empower women-owned small businesses, enabling them to enhance their earnings.

Role of Frontier Markets’:
Frontier Markets will implement the program and utilize its team of Saral Jeevan Sahelis, who are women entrepreneurs. Their role involves identifying and enrolling women-owned small businesses onto the Meri-Saheli platform.
i.In the first phase, the initiative will enable 1,00,000 women-owned small businesses to learn and earn via Frontier Markets’ proprietary, flexible Meri-Saheli platform.
ii.Frontier Markets aims to reach 1 million women and 100 million rural households by 2025.

  • Saral Jeevan Sahelis – Frontier Markets, has a network of 32,000+ rural women entrepreneurs called “Saral Jeevan Sahelis”.
  • Meri-Saheli tech platform, the first of its kind vernacular, Artificial intelligent (AI)-voice enabled tech platform designed by Sahelis to support rural markets.

Role of Airtel Payment Bank:
i.Selective 10,000 women business owners  will be made as Business Correspondence (BCs) by Airtel Payments Bank.
ii.This initiative is in alignment with the Airtel Payment Bank’s vision of ‘Empowering India with Accessible and Inclusive Banking.’
Role of Mastercard:
i.Mastercard through its Mastercard Center for Inclusive Growth program will provide capital and global expertise.
ii.The funding of the project will be provided by Mastercard Impact Fund.
About Frontier Markets:
Chief Executive Officer(CEO) – Ajaita Shah
Headquarters – Jaipur, Rajasthan
Established in –  2011
About Airtel Payment Bank:
Managing Director(MD) & Chief Executive Officer(CEO)  – Anubrata Biswas
Headquarters – New Delhi, Delhi
Established in – 2017


Antler Launched India’s First ONDC-Centric Venture Platform Antler ONDC for Indian Start-up Founders
Antler India, a Venture Capital (VC) firm launched India’s first Open Network for Digital Commerce (ONDC)-focussed venture platformAntler ONDC, to provide resources, an expert network, community, and capital to start-up founders building on ONDC. The platform aims to increase talent density and enable opportunities on ONDC and is also set to democratise e-commerce in India. It will also support pre-team and pre-idea founders to build on ONDC.

  • The platform has been created in partnership with Nandan NilekaniCo-founder and Chairman of the Infosys Board; Foundation for Interoperability in Digital Economy (FIDE) (Beckn Protocol), and ONDC.
  • The new programme offers UDS 300,000 pre-seed capital and a potential extra investment of up to USD 200,000 from Antler network partners, including unicorn founders, for prepared teams with ideas,
  • The Antler India offers a unique solution, helping aspiring entrepreneurs find cofounders and raise funding in a span of 3 months, will also support founders building on ONDC to scale up.

NASA & SpaceX Launched International Crew-7 Astronaut Mission to ISSOn 26th August 2023, Space Exploration Technologies Corporation (SpaceX) and the National Aeronautics and Space Administration (NASA) successfully launched the international Crew-7 astronaut mission to the International Space Station (ISS).The agency’s SpaceX Crew-7 mission is the seventh commercial crew rotation mission for NASA.

  • The 4 astronauts of the Crew-7 mission lifted off atop a brand-new SpaceX Falcon 9 rocket at NASA’s Kennedy Space Center (KSC) in Florida, the United States of America (USA).
  • The Crew-7 team will ride on the SpaceX Crew Dragon capsule, Endurance, which is a trained spaceflight, that previously completed missions as part of SpaceX’s Crew-3 and Crew-5 missions to the ISS.
  • The journey from Earth to the ISS is estimated to take nearly 30 hours.

The Crew:
A crew of 4 astronauts from 4 different (countries’) space agencies is a rare occurrence in the history of spaceflight and is the most international crew to fly with SpaceX to date and are:
i.Commanding Crew -7 is NASA’s Jasmin Moghbeli, who is making her first spaceflight,  and is now the 2nd Iranian-American to fly to space, after Anousheh Ansari;
ii.European Space Agency (ESA) Astronaut Andreas Mogensen, from Denmark,serves as Crew-7’s pilot, and he’s the first ESA astronaut to hold that title as part of a Dragon crew.
iii.Japan Aerospace Exploration Agency (JAXA) astronaut Satoshi Furukawa and Konstantin Borisov, of the Russian space agency Roscosmos, are flying as Crew-7 mission specialists.

  • Crew-7 will join the space station’s Expedition 69 crew of NASA astronauts Stephen Bowen, Woody Hoburg, and Frank Rubio, as well as UAE (United Arab Emirates) astronaut Sultan Alneyadi, and Roscosmos cosmonauts Sergey Prokopyev, Dmitri Petelin, and Andrey Fedyaev. For a short time, the number of crew aboard the space station will increase to 11 until Crew-6 members Bowen, Hoburg, Alneyadi, and Fedyaev return to Earth a few days later.

Key Points:
i.The Falcon 9’s first stage shut down and separated from the upper stage approximately 2 minutes and 40 seconds into the launch.
ii.The booster then performed a boost-back engine burn for a return to Earth, which was also achieved.
iii.The Falcon 9’s first stage touched down at Cape Canaveral Space Force Station, in the USA. It was the first launch and landing for this particular booster.
About Space Exploration Technologies Corporation (SpaceX):
President and Chief Operating Officer– Gwynne Shotwell
Chief Executive Officer and Co-founder– Elon Musk
Headquarters– Hawthorne, California, the USA
Founded in– 2002


PM Modi Declared August 23 as “National Space Day” to marks Chandrayaan-3’s successOn 26th August 2023, Prime Minister (PMNarendra Modi declared that 23rd August of every year will be observed as “National Space Day” in India to commemorate the soft landing of Chandrayaan 3 on the Moon.

  • The announcement was made while addressing the team of Indian Space Research Organisation (ISRO) Scientists at the ISRO Telemetry Tracking & Command Network Mission Control Complex (ISTRAC) in Bengaluru, Karnataka.

PM Narendra Modi also announced that the spot, where, the moon lander of Chandrayaan-3, landed on the lunar surface will be known as ‘Shivshakti’ Point. He also announced that the point on the Moon where Chandrayaan-2 crash landed in 2019 will be called Tiranga Point‘.
About Indian Space Research Organisation (ISRO):
Chairman– S. Somanath
Headquarters– Bengaluru, Karnataka
Formed on– August 15, 1969

Current Affairs – 26 August 2023

DAC Approves Proposals worth Rs 7,800 cr to Enhance Operational Capabilities of Indian Armed ForcesOn 24th August 2023, the Defence Acquisition Council (DAC) meeting chaired by the Union Defence Minister, Rajnath Singh, granted Acceptance of Necessity (AoN) for capital acquisition proposals worth around Rs 7,800 crore, to enhance the operational capabilities of the Indian Armed Forces.
Details of DAC’s Approvals:
i.To enhance the efficiency of the Indian Air Force, DAC granted AoN for the procurement and installation of an Electronic Warfare (EW) Suite on Mi-17 V5 Military/Transport Helicopters, which will enhance better survivability of Helicopters.

  • The procurements will be made under the Buy Indian-IDDM (Indigenously Designed, Developed, and Manufactured) category.
  • The EW Suite will be procured from Bharat Electronics Limited (BEL), under the Ministry of Defence(MoD).

ii.The DAC has also granted AoN for procurement of a Ground-Based Autonomous System for mechanised infantry and armoured regiments.

  • This will enable operations like unmanned surveillance, logistic delivery of ammunition, fuel & spares, and casualty evacuation on the battle field.

iii.DAC has also granted AoN for the procurement of weapons to enhance the operational capabilities of the MH-60R multi-mission helicopters in service with the Indian Navy.
iv.The DAC approved the procurement of a 7.62×51 millimeters (mm) Light Machine Gun (LMG) and Bridge Laying Tank (BLT).

  • The induction of LMG will enhance the fighting capabilities of infantry forces, and the induction of BLT will result in faster movement of Mechanised Forces.

v.DAC has also approved the AoN for procurement of Ruggedised Laptops and Tablets for the Indian Army under Project Shakti.
Note: All these procurements will be sourced from Indigenous vendors only.

NRL and IWAI signs MoU for export of Petroleum Cargo via NW 2 & IBPRi.On August 25, 2023, a Memorandum of Understanding (MoU) was signed between the Inland Waterways Authority of India (IWAI) and Numaligarh Refinery Limited (NRL) in Guwahati, Assam to use National Waterways (NW)-2 (Brahmaputra) and Indo Bangladesh Protocol Route (IBPR) for export of petroleum products to Bangladesh and other south East Asian countries.
ii.The signing of the MoU was conducted by Selva Kumar, Director of IWAI, and Subrata Das, Chief General Manager (Marketing) of NRL in the presense of Union Minister Sarbananda Sonowal, Ministry of Ports, Shipping & Waterways (MoPSW).
iii.Under this, NRL will export approximately 10,000 metric tons of petroleum and petrochemical products per month through NW – 2 and IBPR from IWAI jetty at the Assam’s Jogighopa Multi-Modal terminal (MMT) Park.
About Inland Waterways Authority of India (IWAI):
IWAI is the statutory authority in charge of the waterways in India.
Chairman– Sanjay Bandopadhyaya
Headquarters– Noida, Uttar Pradesh (UP)
Parent Ministry– Ministry of Ports, Shipping & Waterways (MoPSW)
Establishment– 1986


Philippine Coast Guard’s official visit to India: 20-24 August 2023A 5 member delegation of the Philippine Coast Guard(PCG) led by Admiral Artemio Manalo Abu, Commandant of PCG was on an official tour to India from 20th to 24th August 2023.

  • On 21st August 2023, the delegates visited Goa and witnessed the operation capabilities of the Indian Coastal Guard (ICG) Ships and aircraft under “Atmanirbhar Bharat”.
  • On 22nd August 2023, The Indian Coastal Guard (ICG) signed a Memorandum of Understanding (MoU) with the PCG on enhanced maritime cooperation.
  • On 23rd August 2023, Admiral Radhakrishnan Hari Kumar, Chief of the Naval Staff(CNS), Indian Navy, and Admiral Artemio Manalo Abu, Commandant of PCG signed the Standard Operating Procedure(SOP) for the exchange of White Shipping Information

About the Philippines: 
The Philippines is officially known as the Republic of the Philippines.
President– Ferdinand R. Marcos Jr.
Capital– Manila
Currency– Philippine Peso


India, Japan, US, Australia hold 27th Malabar Naval Exercise off Australian Coasti.The 27th edition of naval Exercise MALABAR 2023 was held at East Coast of Australia off Sydney, between the Indian Navy (IN), United States Navy (USN), Japan Maritime Self Defence Force (JMSDF) and the Royal Australian Navy (RAN) from August 11-21, 2023.
ii.The exercise was hosted by RAN and held in Australia for the first time.
iii.Concurrently, from August 22-24, 2023, 5th edition of the biennial AUSINDEX Maritime Exercise held between the navies of India and Australia off the coast of Sydney.
About Australia:
Capital– Canberra
Currency– Australian Dollar
Prime Minister– Anthony Albanese


SEBI Issues Disclosure Norms for FPIs Holding High Indian Equity AUMOn August 24, 2023, the Securities and Exchange Board of India (SEBI) mandated additional disclosures from Foreign Portfolio Investors (FPIs) that have concentrated holding in a single company or a group firm w.e.f. November 1, 2023.

  • Such FPIs will be required to identify all entities with any ownership, economic interest and control rights.

Key Points:
i.FPIs with over 50% of Indian equity Assets Under Management (AUM) in a single corporate group get 10 days to reduce holdings, followed by further ownership disclosures.
ii.FPIs with equity AUM exceeding Rs 25,000 crore have 90 days to reduce holdings.

  • Accounts of all such FPIs will be blocked for further equity purchases until the holding is brought below Rs 25,000 crore.

iii.If investment remains high after deadlines, 30 days for disclosures, then FPI registration invalid.
iv.Invalid registration leads to securities liquidation and market exit within 180 days from invalidation.
Click Here for Official Circular
This information by SEBI was provided in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulations3(2), 22(1), 22 (6), 22 (7)and 44 of SEBI(FPI) Regulations,2019,and Sub-rule 14 (i) of  Rule 9 of  the   Prevention of Money-laundering (Maintenance of Records) Rules, 2005.
About Securities and Exchange Board of India ( SEBI):
Chairperson -Madhabi Puri Buch
Headquarters – Mumbai, Maharashtra
Establishment – 12 April 1992


RBI approves the Voluntary amalgamation of Twin Cities Co-operative Urban Bank with Kranti Co-operative Urban Bank The Reserve Bank of India(RBI) sanctioned the Scheme of Voluntary Amalgamation of Hyderabad (Telangana) based Twin Cities Co-operative Urban Bank Limited with Hyderabad (Telangana) based Kranti Co-operative Urban Bank Limited. 

  • RBI has the authority to approve the voluntary amalgamation of Urban Cooperative Banks (UCBs) based on its discretion.
  • This authority is granted under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949.
  • These sections were modified through an amendment introduced by the Banking Regulation (Amendment) Act 2020 (Act No. 39 of 2020).

After Amalgamation:
i.The Scheme of Amalgamation came into force from 23rd August, 2023.
ii.The branch of Twin Cities Co-operative Urban Bank will function as a branch of Kranti Co-operative Urban Bank.
About Amalgamation guidelines:
i.The Amalgamation was based on comprehensive framework notification of RBI released in 2021, named Master Direction – Amalgamation of Urban Cooperative Banks, Directions, 2020.
ii.As per the framework in 2021, RBI may consider proposals for merger or amalgamation of urban cooperative banks (UCBs) under three circumstances.
Three Circumstances for amalgamation:
i.Positive net worth of amalgamated bank; amalgamating bank assures to protect entire deposits of the amalgamated bank.
ii.Negative net worth of amalgamated bank; the amalgamating bank on its own assures to protect deposits of all the depositors of the amalgamated bank.
iii.Negative net worth of amalgamated bank; amalgamating bank ensures deposit protection with state government’s upfront financial support in merger process.
Points to be noted:-
The Banking Regulation Amendment Bill, 2020 will not apply to:
a) Primary agricultural credit societies.
b) Cooperative societies whose primary focus is long-term financing for agricultural development.
Furthermore, these two types of societies must not:
a) Use the terms ‘bank,’ ‘banker,’ or ‘banking’ in their name or business.
b) Function as entities that clear cheques.


Muthoot Fincorp Launches “Muthoot FinCorp ONE”, an All-In-One Financial Platform
Muthoot Fincorp Limited(MFL), a leading Non-Banking Finance Company (NBFC) based in Thiruvananthapuram, Kerala, launched Muthoot FinCorp ONE”, an innovative all-in-one digital financial platform.

  • The platform will provide a range of services including Micro, Small & Medium Enterprises (MSME) and Gold loans along with investment products like Digital Gold and Non-Convertible Debentures(NCDs).
  • The platform introduced its gold loans in May 2023 and aims to add insurance, personal loans, two-wheeler loans, housing loans, and money transfer services within the next 6 months.

Muthoot Fincorp is a flagship company of Muthoot Pappachan Group (also known as Muthoot Blue).  Chief Executive Officer of MFL- Shaji Varghese. 


Quinag Exits Manappuram Finance; Sold Entire Stake For Rs 1,177 Cr
Quinag Acquisition (FPI) Ltd, a foreign fund house, has offloaded its entire stake, 8,37,85,880 shares amounting to a 9.90% stake, in Manappuram Finance Limited, a Kerala based Non-Banking Financial Company (NBFC), for Rs 1,177 crore through an open market transaction.

  • The shares were offloaded at an average price of Rs 140.50 apiece.

Bofa Securities Europe SA has acquired 62.60 lakh shares and Chartered Finance and Leasi NG has acquired 50 lakh shares of Manappuram Finance.


Highlights of 69th National Film AwardThe 69th National Film Award was announced to honour Indian Cinemas. Anurag Thakur, the Union Minister for Information and Broadcasting, was presented with the list of the winners.

  • The awards are categorised into five categories. They are Dadasaheb Phalke Award(Lifetime Achievement Award), Feature films, Non Features films, Best writing on cinema and Most film friendly state.

Highlights:
i.RRR, Telugu film directed by S. S. Rajamouli, has won 6 awards under different categories.

  • The Hindi movie ‘Gangubai’ Kathiawadi and Sardar Udham received five awards each.

ii.”Rocketry: The Nambi Effect”  was selected as  “Best Feature Film.”

  • The movie is based on the life story of Indian Space Research Organization(ISRO) scientist Nambi Narayanan

iii.Garwali and Hindi film Ek Tha Gaon(Once Upon a Village), a 2021 documentary film, wins Best Non Feature film award.
Best Actor and Actress:
i.Allu Arjun won the award for Best Actor Telugu movie Pushpa (The Rise Part I). 

  • With this, Allu Arjun becomes the first Telugu star to win a National Film Award for Best Actor.

ii.Alia Bhatt and Kriti Sanon were awarded the Best Actress for their performances in (Hindi movie) Gangubai Kathiawadi and Mimi, respectively.


Infosys Ropes in Tennis Icon Rafael Nadal as Brand Ambassador for Digital Innovation Infosys Limited, Indian multinational information technology (IT) company, has signed a 3 years partnership with Spanish Tennis Icon Rafael Nadal appointing him as the ambassador for its brand and Infosys’ Digital Innovation.

  • Infosys and Rafael Nadal entered into a three-year partnership.
  • This mark’s Nadal‘s first-ever collaboration with a digital services company.

Infosys’s association with Tennis:
i.Infosys is the digital innovation partner for the ATP (Association of Tennis Professionals) Tour, Roland-Garros, Australian Open, and The International Tennis Hall of Fame.

  • It helped to reimagine the tennis ecosystem for a billion fans globally leveraging AI, cloud, data analytics and digital experiences.

ii.Infosys introduced video and statistics analysis tools for players and coaches to modernise training, and it enhanced match analysis with Artificial intelligence (AI)-assisted journalism platforms for broadcasters to broadcast interesting content.
iii.Infosys innovations for the tennis ecosystem include explorations in the digital universe including mixed reality, social virtual reality (VR) and 3 3-dimensional art museums to expand the history, and heritage of tennis to fans globally.
iv.It recently launched the first-of-its-kind sustainable technology tool ‘Carbon Tracker’, which allows ATP players to track and reduce their emissions while on tour.
v.To mark this partnership, Infosys and Nadal’s coaching team are developing an AI-powered match analysis tool.

  • This personalized tool helps Nadal’s coaching team to simultaneously track insights from his live matches, along with historical data from his earlier matches.

About Rafael Nadal:
i.He has won 22 Grand Slamin his career, the second most in the world after Novak Djokovic (23 Grand Slams).

  • The 22 titles includes 14 French Open titles 4 US open 2 Wimbledon, 2 Australian Open

ii.He won a gold medal at the 2008 Beijing Olympics and a gold medal in doubles at the 2016 Rio Olympics.
About Infosys:
Managing Director & Chief Executive Officer: Salil Parekh
Headquarters – Bengaluru, Karnataka
Established – 1981


Indian Navy Successfully Undertook the Maiden Test Drop of SARK 
The Indian Navy successfully undertook the maiden test drop of the Search and Rescue Kit (SARK) from the Boeing P-8I long-range patrol aircraft on 15th August 2023(77th Independence Day of India). The Test flight was conducted by the Indian Navy’s INS(Indian Navy Ship) Hansa-based Indian Naval Air Squadrons (INAS) 316 squadron.

  • SARK is an indigenous (Made in India) kit that can be dropped from aircraft with the help of parachutes to carry out rescue missions in the deep sea.
  • It was developed by the Aerial Delivery Research and Development Establishment(ADRDE), a unit of the Defence Research and Development Organisation (DRDO) in Agra, Uttar Pradesh(UP).
  • This will enable the Indian Navy to undertake search and rescue operations from long ranges off the coast and strengthen India’s position as a Preferred Security Partner in the Indian Ocean Region(IOR).

State of India’s Birds 2023: 60% of bird species in India declined over 30 yrsAccording to the report titled State of India’s Birds 2023: Range, Trends and Conservation Status, out of the 338 bird species studied in India, 60% of bird species have declined over the past 30 years. 

  • The 2023 report is the 2nd iteration of the State of India’s Birds report.
  • The report was produced as a partnership between 13 organisations which includes the Bombay Natural History Society(BNHS), the Wildlife Institute of India(WII), and the Zoological Survey of India(ZSI).

About State of India’s Birds 2023:
The report was created to assess the conservation status of the migratory species that regularly occur in India.
Note: “State of India’s Birds 2020” was the 1st attempt to assess the conservation status of the majority of India’s bird species.
Method: The primary data of the report is based on the 30 million observations uploaded by Indian birdwatchers to eBird, an online birding notebook
Assessment: The assessments rely on 3 indices:
i.2 indices are related to the change in abundance,

  • long-term trend (change over 30 years) 
  • current annual trend (change over the past 7 years)

ii.The 3rd index is a measure of distribution range size within India.
Highlights:
i.The 2023 report has assessed a total of 942 species of Indian birds and long-term trends could be determined for 338 species.
ii.The current annual trends could be determined for 359 species, of which 142 have declined (64 rapidly), 189 are stable, and 28 have increased.

  • Around 40% (142) of the 359 species evaluated for change over the last 7 years have declined.

i.In terms of habitat, birds of grasslands and other open habitats, wetlands, and woodlands are declining rapidly.
ii.In terms of diet, compared to omnivores or fruit-and-nectar eaters, the carnivores, insectivores, and granivores are declining more rapidly.
migratory species, particularly the species endemic to the Western Ghats, Sri Lanka region are declining more rapidly than the non-migrant species.
iv.Threats:  Factors such as land-use change, urbanisation, ecosystem degradation, monocultures, disease, infrastructure development, pet trade, hunting, pollution, and climate change are some of the major factors affecting the birds in India.
Key Points:
i.According to the report, the past decades have witnessed around 150% increase in the abundance of peafowl across India.
ii.178 species, including Northern Shoveler, Northern Pintail, Common Teal, Tufted Duck, Greater Flamingo, Sarus Crane, Indian Courser and Andaman Serpent Eagle were classified as “high conservation priority” and require immediate attention.
iii.14 species, including Indian Roller, Common Teal, Northern Shoveler and Common Sandpiper, have declined by 30% or more and have been recommended for the International Union for Conservation of Nature (IUCN) Red List reassessment. 


FIDE World Chess Cup 2023: Magnus Carlsen Wins First Chess World Cup Title Defeating Praggnanandhaa Norwegian Grandmaster (GM) and World No. 1 player Magnus Carlsen won his first International Chess Federation (FIDE) World Cup title by defeating India’s GM Rameshbabu Praggnanandhaa in the FIDE Chess World Cup 2023 finals.

  • The 10th edition of the FIDE Chess World Cup 2023 was held from 29th July to 24th August 2023 in BakuAzerbaijan.
  • Fabiano Caruana of the United States of America(USA) defeated Nijat Asabov of Azerbaijan to secure the 3rd place.
  • Aleksandra Goryachkina of Russia won the 2023 FIDE Women’s Chess World Cup title by defeating Nurgyul Salimova of Bulgaria in the finals.

About Federation Internationale des Echecs/International Chess Federation (FIDE):
President – Arkady Dvorkovich
Headquarters – Lausanne, Switzerland
Established – 1924


United World Wrestling suspends WFI’s membership 
United World Wrestling (UWW), the international governing body for the sport of amateur wrestling, has indefinitely suspended the membership of the Wrestling Federation of India(WFI), the governing body of wrestling in India with immediate effect due to lack of elections in the organisation.

  • The elections of WFI were supposed to be held in May 2023 but they were postponed due to a series of protests by Indian wrestlers and legal petitions from various state units.
  • Following this, Indian wrestlers will not be competing in the 2023 World Wrestling Championships in Belgrade, Serbia under the Indian flag but instead, they will have to participate as ‘neutral athletes’. If an Indian athlete makes it to the winner’s podium, the national anthem will not be played.
  • The Indian athletes will compete in the Asian Games 2023 in Hangzhou, China under the Indian flag since the entries were sent by the Indian Olympic Association(IOA).

Note: Previously, UWW had announced that the Asian Wrestling Championships 2023, which were scheduled to be held in New Delhi(Delhi) were relocated to Astana, Kazakhstan.


UP Launches Manav Sampada Portal to Bring Transparency to Employee ActivitiesThe government of Uttar Pradesh(UP) launched the Manav Sampada portal to ensure transparency in the work of all the officers and employees of all 74 departments in the UP government.

  • Section 5, a new division will be established within the Personnel department to oversee the operations and manage the portal.
  • National Informatics Centre (NIC) will oversee the security of the portal to ensure cyber safety.

Manav Sampada Portal:
i.By 1st October 2023, the service details of the personnel will be updated on the portal.

  • The service details include appointment, joining, dismissal, leave management, merit-based online transfer system, annual appraisal report management, salary withdrawal and service book management.

Current Affairs – 25 August 2023

NHA launches India’s 1st ABDM Microsite in Aizawl; Mizoram 1st state to Operationalize MicrositeOn 23rd August 2023, National Health Authority (NHA) launched India’s first Ayushman Bharat Digital Mission (ABDMmicrosite in Aizawl, the capital city of Mizoram. With this, Mizoram became the 1st State in India to operationalise ABDM microsite project.

  • Mizoram has appointed Youth for Action as the Interfacing Agency for implementing the ABDM Microsite in Aizawl.

Note:
Besides Mizoram, other states including Andhra Pradesh(AP), Madhya Pradesh(MP), Uttar Pradesh(UP), Maharashtra and Chhattisgarh have also made significant progress in the  implementation of ABDM microsites.
More microsites are expected to be operational in the next few weeks.
Background:
i.On July 28, 2023, NHA launched the 100 Microsites project under ABDM to promote digital health adoption and enhance healthcare accessibility for all.
ii.In April 2023, the Mission Steering Group(MSG) approved 100 Microsites project. These Microsites will be established across India in various States and Union territories(UTs).

What are Microsites?
Microsites are clusters of ABDM-enabled small and medium-scale healthcare facilities, such as clinics, nursing homes, hospitals (with less than 10 beds), laboratories, and pharmacies, offering digital health services to patients like linking the health records generated at these facilities with their Ayushman Bharat Health Accounts (ABHAs).

  • These records can be accessed and shared using ABDM-enabled Personal Health Record (PHR) applications on patients’ phones.


i.The establishment of microsites is a step towards advancing healthcare digitization efforts throughout India.
ii.State Mission Directors of ABDM will oversee the implementation of this project while NHA will provide financial resources and overall guidance for the project.
iii.Collaboration with development partners and interfacing agencies allows States and UTs to establish and manage microsites, with on-ground teams engaging healthcare providers.
About National Health Authority (NHA):
Chief Executive Officer– Ram Sewak Sharma
Headquarter– New Delhi, Delhi


MoD Sets Up a 9-Member Committee to Review and Re-define DRDO
Union Minister Rajnath Singh, Ministry of Defence (MoD) has set up a 9-member committee of experts to maintain the Defence Research and Development Organization (DRDO). The  committee will be headed by Prof K Vijay Raghavanformer Principal Scientific Advisor, Government of India (GoI).

  • The 9-member committee has been tasked with the mission to review and redefine the role of various departments within DRDO and submit a report within 3 months.

Note: Prof Vijay Raghavan was one of the key architects of the National Research Foundation (NRF).
About the 9 member Committee:
Background:
i.The formation of the 9-member committee was initiated under the direction of Prime Minister(PM) Narendra Modi.
ii.This comes after the GoI corporatised the erstwhile Ordnance Factory Boards (OFBs), which functioned under the Department of Defence Production (DDP), MoD in 2021.
iii.Corporatisation needed the merger of 41 ordnance factories and other non-production units into 7 new defence public sector undertakings (DPSUs).
iv.This granted greater autonomy and flexibility at managerial and functional levels to the newly created DPSUs.
Members:
The experts in the DRDO review committee include:
1.Lt Gen (Retd) Subrata Saha, Former Deputy Chief of Army Staff;
2.Vice Admiral S N Ghormade, Former Vice Chief of Navy Staff;
3.Air Marshal B R Krishna, Former Chief of Integrated Staff;
4.Sujan R Chinoy, Director General of Manohar Parrikar Institute for Defence Studies and Analyses (MP-IDSA);
5.Manindra Agarwal, Professor at Indian Institute of Technology (IIT) Kanpur, Uttar Pradesh;
6.S.P. Shukla, President of Society of Indian Defence Manufacturers (SIDM);
7.J D Patil, Head of Larsen and Toubro (L&T), Defence Division;
8.Dr S Unnikrishnan Nair, Distinguished Scientist, Indian Space Research Organisation (ISRO); and
9.Ms Rasika Chaube, Financial Advisor, MoD.
Terms of Reference:
i.Restructuring and Redefining the roles of the Department of Defence (Research & Development (R&D)) and the DRDO, in addition to their relationships with each other and with academia, and industry.
ii.Maximise academia, Micro Small Medium Enterprise (MSME), and start-up participation in the development of advanced technologies.
iii.Attract and retain high-quality manpower through a system of project-based manpower supported by well-structured incentives and disincentives, with strict performance accountability, and mechanisms to address underperformance to be established.
iv.Leverage the expertise of Non-Resident Indians (NRIs)/foreign consultants and promote inter-country collaborations to drive the advancement of cutting-edge and disruptive defence technologies.
v.Modernise administrative, personnel, and financial systems to achieve rapid implementation of projects.
vi.Rationalisation of Laboratory structures and implementation of a more effective performance evaluation process.
Key Points:
i.This initiative to review and maintain the functioning of the DRDO holds immense significance, as it addresses concerns over lack of accountability and delayed research within the organisation.
ii.DRDO typically works like a government Public Sector Undertaking (PSU), overseeing defence processes from research to development to production.


ICC & Mastercard signed global partnership for ICC Men’s Cricket World Cup 2023The International Cricket Council (ICC) has signed a global partnership with Mastercard, a global payment-processing corporation, for the ICC Men’s Cricket World Cup 2023 which is scheduled to be held in India from 5th October 2023 to 19th November 2023.

  • The tie-up aims to connect cardholders and cricket enthusiasts to priceless experiences throughout the tournament.

Benefits to Mastercard holders:
Exclusive 24-hour pre-sale window, chance to meet cricket players, getting up close to the Men’s Cricket World Cup trophy and a chance for the children of cardholders (aged between 12-18 years) to be a part of the flagbearer programme.
About ICC Men’s Cricket World Cup 2023:
i.ICC Men’s Cricket World Cup 2023, the most prestigious One-Day International(ODI) cricket tournament, will be the biggest world cup ever featuring 10 teams across 10 different venues.

  • The Narendra Modi Stadium in Ahmedabad, Gujarat will be the venue for the first match and the last match of the tournament.

ii.The other nine venues are Bengaluru(Karnataka), Chennai(Tamilnadu), Delhi, Dharamsala(Himachal Pradesh), Hyderabad(Telangana), Kolkata(West Bengal), Lucknow(Uttar Pradesh), Mumbai(Maharashtra) and Pune(Maharashtra).
Note:
i.Defending champions England will be playing against New Zealand in the first tournament in Ahmedabad on 5th October 2023.
ii.India will be playing  against (five-time winners) Australia in Chennai(Tamil Nadu) on 8 October 2023 and against Pakistan in Ahmedabad on 15th October 2023.
About International Cricket Council (ICC):
Chief Executive – Geoff Allardice
Headquarters – Dubai, United Arab Emirates(UAE)
Established in – 1909
About Mastercard
President – Ari Sarker( Asia Pacific)
Headquarters – NewYork, United States of America(USA)
Established in –  1966


HDFC Bank Along With Marriott International Launched India’s First Co-Branded Hotel Credit CardMarriott International, one of the  world’s largest hotel chains, in collaboration with HDFC Bank launched India’s first co-branded hotel credit card in the name Marriott Bonvoy HDFC Bank Credit Card.

  • The card aims to enhance the travel experiences of cardholders by offering exclusive benefits, rewards, and seamless access to Marriott International’s loyalty program Marriott Bonvoy .
  • The co-branded credit card will run on Diners Club, part of the Discover Global Network.

Eligibility:
Salaried Indian National:
i.Must be an Indian national.
ii.Must be between the ages of 21 to 60 years.
Must have a gross monthly income of more than Rs. 1 lakh.
Self Employed Indian National:
i.Must be between the ages of 21 and 65 years.
ii.Must have an Income Tax Return (ITR) of more than Rs. 15 lakhs.
Bonvoy points:
i.The reward points earned by using the credit card are called Marriott Bonvoy points.
ii.One can earn Marriott Bonvoy points for every Rs.150 spent.

  • 8 Marriott Bonvoy points on eligible purchases at hotels participating in Marriott Bonvoy
  • 4 Marriott Bonvoy points on eligible purchases on travel, dining, and entertainment.
  • 2 Marriott Bonvoy points on all other eligible purchases

iii.These points can be redeemed at participating hotels across the Marriott Bonvoy portfolio. Cardholders  can also transfer their points to 40 different airlines around the world.
Travel benefits:
i.12 complimentary access to domestic lounges and 12 complimentary access to international lounges.
ii.Insurance facility by HDFC Bank against loss or delayed baggage, loss of passport, ticket and  missed connection along with complimentary personal air accident insurance cover.
Additional info:
HDFC bank has over 100 million customers, and about 18 million of them use credit cards. The bank wants to reach more of its existing customers with this premium product, and it also wants to reach the 180 million plus  customers who are part of the Marriott Bonvoy loyalty program.
About HDFC Bank Ltd:
Managing Director(MD) & Chief Executive Officer(CEO) – Sashidhar Jagdishan
Headquarters – Mumbai, Maharashtra
Established in – 1994


India’s Per Capita Income to rise 7.5-times by FY47: SBI ResearchAccording to SBI Ecowrap, research division of the State Bank of India (SBI), India’s per capita income will rise 7.5 times by 2047, reaching Rs14.9 lakh (USD 12,400) annually from the present Rs 2 lakh (USD 2,500) in FY23.

  • This aligns with the government’s target of transforming India into a developed economy by 2047.

Key Points:
i.The mean income of tax-filing individuals is projected to increase to Rs 49.9 lakh by FY47 from Rs 13 lakh in FY22, driven by economic shifts, tax trends, and initiatives like the Goods and Services Tax (GST) and the UDYAM Portal.
ii.State Contributions: Maharashtra, Uttar Pradesh, Gujarat, Rajasthan, and West Bengal contribute significantly to total tax returns, accounting for nearly half by FY22.
iii.Tax filers increased from 2.1 million in FY13 to 85 million in FY23, projected to reach 482 million by FY47, with the working population subject to taxation rising from 22.4% in FY23 to 85.3% in FY47.
iv.An approx. 25% decrease expected in zero-tax filers by FY47 as many shift to higher income brackets.
v.Notably, 13.6% between FY11 and FY22 moved from lowest income category, with 8.1% reaching Rs 5-10 lakh and 3.8% entering Rs 10-20 lakh range between FY11 and FY22.
vi.Migrating individuals contributed 0.5-2.5% of Gross State Domestic Product (GSDP)  in specific states.


Swachh Vayu Survekshan– 2023; 2 cities of Madhya Pradesh Among Top 5

The Central Pollution Control Board (CPCB) released ‘Swachh Vayu Survekshan- 2023’,  an initiative by the Ministry of Environment, Forest and Climate Change (MoEFCC) to rank cities on the basis of air quality.

  • The Information Technology (IT) hub of Indore, Madhya Pradesh stood first among 47 cities in Category 1 cities.
  • This recognition is a part of the National Mission for Clean Air and takes place annually on the 7th of September, observed as the “International Day of Clean Air for Blue Skies.”

Criteria for Ranking
The Criteria for Ranking of cities is based on population of 2011 census. 131 cities are divided into 3 categories mentioned below:

  • Category 1- covers 47 cities with a population of above 10 Lakh.
  • Category 2- covers 44 cities with a population between 3 to 10 lakh.
  • Category 3- covers 40 cities with a population of below 3 Lakh.

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  • In Category 2, Sagar in Madhya Pradesh stands at 10th place in the country.
  • In Category 3, Dewas in Madhya Pradesh has secured 6th position in the country.

Note: The two of the top five positions have been secured by Madhya Pradesh.
Swachh Vayu Survekshan:
i.The Ministry of Environment, Forest, and Climate Change (MoEF&CC) has introduced “Swachh Vayu Survekshan,” a novel initiative aimed to rank cities on the basis of air quality and also on implementation of activities approved under city action plan in 131 non-attainment cities.

  • Non-attainment cities are areas where air quality does not meet the National Ambient Air Quality Standards (NAAQS) set by regulatory authorities.

ii.One of the objectives of Swachh Vayu Survekshan is to achieve the goal of National Clean Air Programme (NCAP)’s “Clean air for all”.NCAP aims to reduce air pollution up to 40% by 2025-26.

  • National Clean Air Programme was launched in 2019 with an aim to improve air quality in 131 cities (non-attainment cities and Million Plus Cities) in 24 States/Union Territories.

iii.The guidelines for ranking of cities under NCAP will be for four years from FY 2022-23 to FY 2025-26.
iv.Cities also conduct self-assessment for pollution control through the online portal ” PRANA” – Portal for Regulation of Air-pollution in Non-Attainment cities, a portal for monitoring of implementation of National Clean Air Programme (NCAP).


Sachin Tendulkar Named as ‘National Icon’ for Election Commission of India Former Indian cricketer and Bharat Ratna awardee Sachin Ramesh Tendulkar was named as the ‘National Icon’ for voter awareness and education for the Election Commission of India(ECI).

  • Sachin and ECI entered into a Memorandum of Understanding (MoU) for a period of 3 years at the event held in New Delhi, Delhi, in the presence of the Chief Election Commissioner (CEC), Rajiv Kumar, and Election Commissioners Shri Anup Chandra Pandey and Shri Arun Goel.

About this Partnership:
i.The EC intends to bridge the gap between citizens, particularly youth and urban populations, and the electoral process through this collaboration, thereby addressing the concerns of urban and youth unawareness.
ii.This partnership will be a key step towards utilising Tendulkar’s exceptional influence with the youth in order to increase voter participation in upcoming elections, particularly the 2024 Lok Sabha General Elections.
iii.To encourage voters to participate in the festival of democracy, ECI collaborates with eminent Indians from many disciplines and identifies them as ECI’s national icons.

  • Actor Pankaj Tripathi was named as the National Icon in 2022.
  • Singer Jasbir Jassi and diversity and inclusion consultant Dr. Niru Kumar were named as the National Icons in 2020.
  • During the 2019 Lok Sabha Elections, Mahendra Singh Dhoni, Aamir Khan and Mary Kom were the ECI National Icons.

About Sachin Tendulkar:
i.He represented India for 24 years, scoring 15,921 runs in Tests and 18,426 runs in one-day internationals(ODI).

  • He holds the record for most runs in international cricket with 34357 runs.

ii.He is the recipient of Bharat Ratna(2014), Padma Vibhushan(2008),  Padma Shri(1999) for his achievement in sports. He has also received the Rajiv Gandhi Khel Ratna(1997) and Arjuna Award(1994) for cricket.
iii.Playing it my Way’ co-authored by Boria Majumdar and Sachin is the official autobiography of Sachin.
Shubman Gill Becomes the brand ambassador of Tata Capital
Indian cricketer Shubman Gill was named as the brand ambassador of Tata Capital Limited, a subsidiary financial services company of Tata Sons Private Limited.

  • He will feature in the multi-media campaign of Tata Capital Limited.
  • According to the Tata Capital, Shubman style of play, which combines the qualities of determination, reliability, and trustworthiness, aligns seamlessly with Tata Capital’s brand promise ‘Count on Us’.
  • The other brands endorsed by Shubman Gill are BeatXP, Wings, ITC Engage,Fiama Men, MuscleBlaze.   

About Shubman Gill:
Indian batsman Shubman Gill made his international debut in December 2020 against Australia in a Test match.

  • He also plays for Gujarat Titans in the Indian Premier League(IPL) and Punjab in domestic cricket.
    As of August 2023, he scored 2707 runs across all three formats(One Day International (ODI), Twenty20 International(T20I) and Tests).

About Tata Capital:
Tata Capital Limited (TCL) is registered with the Reserve Bank of India as a Systemically Important Non-Deposit Accepting Core Investment Company (CIC).
Managing Director & Chief Executive Officer(CEO) – Rajiv Sabharwal
Established – 2007


Justice Prakash Shrivastava Appointed as the NGT ChairpersonAppointments Committee of the Cabinet(ACC), headed by Prime Minister (PM) Narendra Modi, has appointed Justice Prakash Shrivastava, Former Chief Justice(CJ) of Calcutta High Court(HC) as chairperson of the National Green Tribunal(NGT).

  • He took charge as chairperson of NGT on 23rd August 2023, succeding Justice Sheo Kumar Singh-I, acting chairperson of NGT(July 2023- August 2023).

Note:
i.NGT is a statutory body for the disposal of disputes relating to environmental protection and conservation of natural resources.
ii.The last full-time chairperson of NGT was Justice Adarsh Kumar Goel(July 2018- July 2023), who retired on July 3, 2023.
About Justice Prakash Shrivastava:
i.He enrolled as an advocate in 1987 and practiced in tax, civil, and constitutional law at the Supreme Court of India at New Delhi, Delhi.
ii.He was appointed as a judge of the High Court of Madhya Pradesh in January 2008 and he became a permanent judge in January 2010.
iii.He served as the Chief Justice of the High Court at Calcutta from October 2021 to March 2023.
About National Green Tribunal(NGT):
i.: The National Green Tribunal was established under the National Green Tribunal Act (2010) in 2010 as a specialised judicial body with expertise primarily for the purpose of mediating environmental cases.
ii.:The Tribunal is responsible for providing an effective and timely remedy in situations involving environmental protection, conservation of forests and other natural resources, and enforcement of any environmental legal right.
iii.:The Tribunal’s orders are Court binding, and it has the authority to offer affected persons relief in the form of compensation and damages.

  • The Tribunal has powers to review its own decisions and its decision can be challenged before the Supreme Court within 90 days.

Note:
The right to life is a fundamental right under Article 21 of the Constitution and it includes the right to the enjoyment of pollution-free water and air for life.
About National Green Tribunal (NGT):
ChairPerson – Prakash Shrivastava
Established – 2010
Headquarters – New Delhi, Delhi

Iran Unveils “Mohajer-10” New domestically Built Attack Drone The Iranian Ministry of Defence and Armed Forces Logistics unveiled Mohajer-10, the new domestically build attack drone (unmanned combat aerial vehicle – UCAV) with enhanced capabilities.

  • The drone was unveiled in the presence of Iranian President Ebrahim Raisi at an exhibition celebrating Defense Industry Day.
  • Mohajer-10 is the upgraded version of the “Mohajer-6” and resembles the MQ-9 Reaper drone of the United States of America(USA).

Note:
The word “Mohajer,” originating from Farsi, translates to “immigrant.” This has been the label for the drones series produced by Iran since 1985.
Features:
i.Mohajer-10 can stay in the air for up to 24 hours at an altitude of 7,000 meters.
ii.It has an operational radius of  2,000 kilometres and the maximum fuel capacity of the drone is 450 litres.
iii.The drone can fly at the speed of 210 kilometres per hour(kph) and is equipped with enhanced electronic and intelligence systems.
iv.The drone can carry a maximum payload of 300 kilograms which is  double the capacity of the “Mohajer-6” drone.
Additional info:
The “Mohajer-6” possessed the ability to carry payloads weighing up to 150 kilograms, maintain flight for a duration of 12 hours, and reach a maximum altitude of 5,400 metres.
About Iran(officially the Islamic Republic of Iran)
President – Seyyed Ebrahim Raisi
Capital – Tehran
Currency – Iranian Rial


India’s Chandrayaan-3 Scripts History, Becoming The First Country to Soft Land successfully Near Moon’s South Polei.August 23, 2023 will always be remembered for the successful soft landing near moon’s South Pole by the Vikram(Valour) Lander Module (LM) of ‘Chandrayaan-3 (Moon Craft)’, making India the first country to land spacecraft near Moon’s South Pole at 70 degrees latitude.
ii.With this successful landing, India became the 4th country to soft land on the moon after the United States (US) with its Surveyor 1 in 1966; Soviet Union/Russia’s Luna 9 in 1966, and China with Chang’s 3 in 2013.
iii.Namakkal, a district in Tamil Nadu (TN), played a pivotal role in this achievement. Its unique soil, similar to the Southern Pole of lunar surface’s Anorthosite‘ (a type of intrusive igneous rock) type, was supplied to ISRO for testing purposes.
iv.Now, ISRO is preparing for one more lunar mission, namely ‘LUPEX, or Lunar Polar Exploration’ in collaboration with Japanese space agency, Japan Aerospace Exploration Agency (JAXA) for 2024-25
About Indian Space Research Organisation(ISRO):
Chairman– Sreedhara Panicker Somanath
Headquarters– Bengaluru, Karnataka
Establishment –1969


LCA Tejas Test-Fires Indigenous ASTRA Air-to-Air Missile off Goa CoastOn 23rd August 2023, India’s Tejas Light Combat Aircraft (LCA) LSP-7 aircraft successfully test fired the ASTRA indigenous state–of-the-art Beyond Visual Range (BVR) Air-to-Air missile (AAM) off the coast of Goa.

  • The missile release was carried out by Tejas at an altitute of about 20,000 feet(ft).
  • It was a flawless text book launch and all test objectives were met.
  • This will significantly enhance the combat skills of Tejas and reduce their dependency on imported weapons.

Key Officials to Monitor the Launch:
The test launch was monitored by the Test Director and scientists of the Aeronautical Development Agency (ADA), Defence Research and Development Organisation (DRDO), Hindustan Aeronautics Limited (HAL) along with officials from Centre for Military Airworthiness and Certification (CEMILAC), and Directorate General of Aeronautical Quality Assurance (DG-AQA).
The aircraft was also monitored by a Chase Tejas twin-seater aircraft.
Features of ASTRA:
i.ASTRA is designed to be mounted on a fighter aircraft and engages and destroys highly manoeuvring supersonic aerial targets.
ii.It is designed and developed by the Defence Research and Development Laboratory (DRDL), Research Centre Imarat (RCI) and other laboratories of DRDO.
iii.It is built to function across weather conditions, and during both day and night, the system is being developed to meet specific requirements.
iv.The indigenous Astra BVR firing from homegrown Tejas fighters is a major step towards ‘Aatmanirbhar Bharat’ (self-reliant India).
Additional info:
The ASTRA Mk-I Weapon System integrated with SU-30 Mk-I aircraft is being inducted into the Indian Air Force (IAF).
Key Points:
i.Tejas is a single-engine multi-role fighter aircraft, with the capability to operate in high-threat air environments.

  • It is designed by the ADA in collaboration with Aircraft Research and Design Centre (ARDC) of HAL for the IAF and Indian Navy.

ii.The indigenously-developed fighter jet has been developed to undertake air defence, maritime exploration and strike operations.


Renowned Indian-American Statistician CR Rao Passed AwayRenowned Indian-American Statistician and mathematician Calyampudi Radhakrishna Rao (CR Rao) passed away at the age of 102 in Buffalo, New York, the United States of America(USA).

  •  C.R. Rao was born on 10 September 1920 in Huvanna Hadagali,  Bellary district, Karnataka.
  • He was awarded the 2023 International Prize in Statistics which is  equivalent of the Nobel Prize in statistics in April 2023.

About CR Rao:
i.He worked in India at the Indian Statistical Institute(ISI) for 40 years (1941-1979).

  • He relocated to the United States of America (USA) and worked for 25 years at the University of Pittsburgh and Pennsylvania State University.
  • He authored several books in diverse fields including estimation theory, multivariate analysis, and matrix algebra.

ii.He pioneered several fundamental statistical concepts such as the Cramer–Rao inequality and Rao–Blackwellization, concepts that appear in undergraduate textbooks on statistics and econometrics.
iii.He was the founder of CR Rao Advanced Institute of Mathematics, Statistics and Computer Sciences (CR Rao AIMCS) at the University of Hyderabad, Telangana.

  • The main road between the International Institute of Information Technology(IIIT)Hyderabad and the Central University of Hyderabad has been named after Prof. CR Rao Road.

iv.He served as chairman of the Committee on Statistics (1962-69), and chairman of the Demographic and Communication for Population Control (1968-69).

  • He also served as the chairman of the Committee on Mathematics, Atomic Energy Commission, AEC (1969-78), member of the Committee on Science and Technology, COST (1969-71).

Awards:
i.He was honoured with Padma Bhushan(1968 ) and Padma Vibhushan (2001) in the field of science and Engineering.
ii.He was also awarded the Shanti Swarup Bhatnagar Award (1963) and the India Science Award (2009).
iii.He was awarded the National Medal of Science (2002) by then President George Bush in the USA.


PS Sreedharan Pillai Released Three New Books on Nature, Trees, and Geopolitics
Goa Governor PS Sreedharan Pillai launched his recently authored three new books namely ‘Heritage Trees of Goa’, ‘When Parallel Lines Meet’, and ‘Ente Priya Kavithakal‘ (‘My Dear Poems’ a collection of poems). Goa Chief Minister Pramod Sawant inaugurated the event in Panaji, Goa. Sreedharan Pillai has written over 200 books.

  • West Bengal Governor CV Ananda Bose unveiled the book ‘Heritage Trees of Goa’. Additionally, Goa State Minister for Tourism Rohan Khaunte and the 2021 Jnanpith winner and Konkani Novelist Damodar Mauzo released the other two books ‘When Parallel Lines Meet’ and ‘Ente Priya Kavitakal’ (a collection of poems).

i.‘Heritage Trees of Goa’ is a book that reveals the importance of ancient heritage trees, some over 100 years old, found in Goan villages and places of worship,adding to the experience of ‘Goa Sampurna Yatra’.
ii.‘When Parallel Lines Meet’ is a contemporary geopolitical book and ‘Ente Priya Kavitakal’ (a collection of poems) represents one of the best depictions of nature, art and literature.
iii.Pillai was the first Governor to undertake and complete the Goa Sampurna Yatra, encompassing over 400 villages across 40 assembly constituencies.

Current Affairs – 24 August 2023

Union Minister Nitin Gadkari launches Bharat New Car Assessment Programme (BNCAP) Union Minister Nitin Gadkari, the Ministry of Road Transport and Highways (MoRTH) launched the Bharat New Car Assessment Programme(BNCAP) in New Delhi, Delhi.

  • It is launched with the aim to enhance road safety by elevating vehicle safety standards of M1 category motor vehicles which is less than 3.5T Gross Vehicle Weight (GVW).
  • The car test program BNCAP will commence on 1st October 2023 and will be led by the Central Institute of Road Transport (CIRT).

Key people:
Minister of State(MoS) for Road Transport and Highways Gen Vijay Kumar Singh and Anurag Jain, secretary of  Ministry of Road Transport and Highways (MoRTH)also present during the launch.
Note:
The M1 category refers to vehicles used for the carriage of passengers comprising not more than eight seats in addition to the driver’s seat.
About Bharat NCAP:
i.The purpose of this programme is to provide automobile buyers with a tool for comparing the crash safety of motor vehicles on the market.
ii.Car manufacturers can voluntarily offer their vehicles to be tested in accordance with Automotive Industry Standard (AIS197 under this scheme.

  • The car will be awarded star ratings for Adult Occupants (AOP) and Child Occupants (COP) based on its performance in the testing.

iii.This initiative will lead to creating high demand’ for safer cars which compel manufacturers to meet ‘customer safety preferences’.
It will increase the export potential of car manufacturers in India
Key points:
i.BNCAP sets India as the world’s fifth country to have such an indigenous car crash test programme, behind the United States, China, Japan, and South Korea.
ii.So far, Indian cars have been tested by the Global New Car Assessment Programme (Global NCAP), a Zero Foundation project based in the United Kingdom.


IREDA signed MoU with MNRE; Sets FY24 Revenue Target at Rs 4350 Cr On 21st August 2023, The Indian Renewable Energy Development Agency Limited (IREDA), a Mini Ratna(Category I) Central Public Sector Enterprise (CPSE) under the Ministry of New and Renewable Energy (MNRE), signed a  performance-based Memorandum of Understanding (MoU) with MNRE, Government of India(GoI) outlining the strategic targets of IREDA for the FY 2023-24 and FY 2024-25.

  • GoI has set a target of achieving Rs 4,350 crores revenue from operations during FY 2023-24 and Rs 5,220 crores during FY 2024-25.
  • The MoU is in line with the guidelines issued by the Department of Public Enterprises (DPE) under the Ministry of Finance.

Note: IREDA achieved a Revenue from Operations of Rs 3,482 crores in the preceding fiscal year (2022-23), against a target of Rs 3,361 crores.
Key People:
The MoU was signed by Bhupinder Singh Bhalla, Secretary, MNRE; Pradip Kumar Das, Chairperson & Managing Director (CMD), IREDA at Atal Akshay Urja Bhawan, New Delhi, Delhi.
Key Performance Indicators:
The government has also specified other key performance parameters in the MoU, including Return on Net Worth, Return on Capital Employed, Non-Performing Asset (NPA) to Total Loans Ratio, Asset Turnover Ratio, and Earnings per Share.
IREDA’s Financial Performance:
i.In the first quarter of FY 2023-24, IREDA witnessed a record 272% increase in loan disbursements compared to the same period in FY 2022-23.
ii.IREDA also recorded a remarkable 30% growth in Profit After Tax (PAT) during the first quarter of FY 2023-24, compared to the corresponding period in FY 2022-23.
iii.IREDA’s financial management is evident in its reduction of Net Non-Performing Assets (NPAs). In Q1 of FY 2023-24, IREDA successfully lowered its NPA figure to 1.61%, a substantial improvement from 2.92% in Q1 of FY 2022-23.
Key Points:
i.IREDA’s consistent excellence is supported by an ‘Excellent’ rating and a remarkable score of over 96 marks for the MoU in the past 3 FY.
ii.As of August 21, 2023, IREDA has financed 3,137 Renewable Energy projects with a cumulative loan sanction of Rs 1,55,694 crores and loan disbursement of  Rs 1,05,245 crores  and has supported Renewable Energy capacity addition of 22,061 Megawatts (MW) in India.
About Indian Renewable Energy Development Agency Limited (IREDA):
IREDA was established on 11th March 1987 as a Public limited Government Company under the Companies Act, 1956
Chairman and Managing Director (CMD) – Pradip Kumar Das
Headquarters– New Delhi, Delhi


G20 Pandemic Fund approved USD 25M proposal by DAHD to Strengthen Animal Health System in IndiaGroup 20 (G20) Pandemic Fund has approved the USD 25 million proposal by Department of Animal Husbandry & Dairying(DAHD) under the Ministry of Fisheries, Animal Husbandry & Dairying (MoFAHD) on “Animal Health Security Strengthening in India for Pandemic Preparedness and Response(PPR)”.

  • The project will be carried out by the Asian Development Bank (ADB) as the lead implementing entity, along with the World Bank and the Food and Agriculture Organization of the United Nations (FAO).

Background: 
i.In May 2023, the Governing Board of the Pandemic Fund received 350 expressions of interest(EOI) and 180 full proposals, with grant requests totaling more than USD 2.5 billion against the available budget of USD 338 million.
ii.The Board have approved 19 grants under its 1st round of funding allocations aimed to boost the resilience to future pandemics in 37 countries across 6 regions.
Click here for the list of all selected proposals
Key Points:
i.The fund will also provide dedicated resources for PPR and increase investments, enhance coordination among partners, and serve as a platform for advocacy.
ii.The fund brings additional resources to India to reduce the risk of pathogens emerging from animals (domesticated and wildlife) to be transmitted into the human population.
About the G20 Pandemic Fund:
i.The Pandemic Fund was established in September 2022, and formally launched under Indonesia’s G20 Presidency(2022) at the G20 meetings in Bali, Indonesia in November 2022.
ii.This is the 1st multilateral financing mechanism dedicated to providing multi year grants to help low- and middle-income countries become better prepared for future pandemics.
iii.The Fund hosted by the World Bank has already raised USD 2 billion in seed capital from 25 sovereign and philanthropic contributors.


UNDP and MDoNER Signed MoU to Accelerate Sustainable Development in Northeast India
On 22nd August 2023, the Ministry of Development of North Eastern Region (MDoNER) and the United Nations Development Programme (UNDP), the UN’s Global Development Network, entered into a Memorandum of Understanding (MoU) to enhance and accelerate Sustainable Development Goals (SDGs) in northeastern regions of India.
Key People:
The MoU was signed in the presence of B.L.Verma, Minister of State (MoS) for the Ministry of DoNER and Ministry of Cooperation; and Ms Ulrika Modéer, United Nations (UN) Assistant Secretary-General & Director of UNDP Bureau of External Relations and Advocacy (BERA).
Key areas:
Under this MoU, UNDP would provide MDoNER with several technical support including:
i.Fast-tracking progress on the SDGs;
ii.Monitoring, evaluation, and capacity building;
iii.Support Aspirational districts and blocks;
iv.Support in the deployment of emerging technologies in governance and in scaling up good practices.
Key Points:
i.The Ministry of DoNER has taken steps across critical sectors such as infrastructure, connectivity, health, education, climate change, and economic growth to transform the lives of the people in the northeast region.
ii.In this collaboration, UNDP has been the key partner for the Ministry in promoting data-driven decision-making, especially through the North East Region (NER) District SDG Index.
iii.NER District SDG Index helped in forming the flagship Prime Minister’s Development Initiative for North Eastern Region (PM-DevINE) scheme.
iv.UNDP is committed to supporting national and sub-national efforts to speed up the progress on the goals, by providing technical support on SDG localisation and improved capacities towards implementation and monitoring of programmes.
Note: PM-DevINE scheme announced in the 2022-23 Union Budget, provides infrastructure and social development funding to boost livelihood opportunities in the region, especially for women and youth. Union Cabinet approved the scheme on October 2022.
About United Nations Development Programme (UNDP):
Administrator– Achim Steiner
Headquarters– New York, United States of America (USA)
Established in– 1966
UNDP is based on the merging of the United Nations Expanded Programme of Technical Assistance, created in 1949, and the United Nations Special Fund, established in 1958.


NTCA approved  Dholpur-Karauli Tiger Reserve of Rajasthan as 54th Tiger Reserve of IndiaNational Tiger Conservation Authority (NTCA) which operates under the Ministry of Environment, Forest and Climate Change (MoEFCC) of the Government of India, has approved The Karauli-Sarmathura-Dholpur sanctuary in Rajasthan as 54th Dholpur-Karauli Tiger Reserve of India under Project Tiger.

  • It becomes 5th Tiger reserve of Rajasthan and 54th Tiger Reserve of India.
  • The forest covers an area of 1,058 square kilometres (368 sq km of core area and 690 sq km of buffer area) and currently has 9 tigers.

Note: The number of tigers in Rajasthan has increased from 32 in 2006 to 88 in 2022.
Core and Buffer:
Core area: This is the central part of a protected area, where the main focus is on conservation. Human activities are strictly controlled or prohibited in the core area.
Buffer area: This is the area surrounding the core area, where human activities are allowed, but with restrictions.
Other Tiger Reserves of Rajasthan:
Ramgarh Vishdhari Tiger Reserve, Mukandra Hills Tiger Reserve, Ranthambore Tiger Reserve and Sariska Tiger Reserve.
Project Tiger:

  • The Project Tiger was launched in 1973 to promote conservation of the tiger.
  • Project Tiger has been converted into a National tiger Conservation Authority (NTCA) through an amendment in Wild Life (Protection) Amendment Act, 1972.

Additional Info:
i.Established in 2022, Ranipur Tiger Reserve in Uttar Pradesh(UP) was the 53rd Tiger reserve in India.
ii.As per “Status of Tigers 2022” report Madhya Pradesh(MP) has the maximum number (785) of tigers in India.

  • The number of tigers in India has increased from 2,967 in 2018 to 3,682 in 2022, an annual rise of 6%.

Highlights of 2nd Namaste Vietnam Festival held in 3 cities of Vietnami.The 2nd edition of Namaste Vietnam Festival (Hello Việt Nam Festival) was held in the 3 southern cities of Vietnam  viz. Ho Chi Minh(HCM) City, Da Lat city(Central Highlands province) and Tuy Hoa city (south-central coastal province) from 12th to 20th August 2023.
ii.The theme of the 2nd Namaste Vietnam Festival was “People unite, warm friendship”
iii.The festival is an intersection of culture and commerce, creating the basis for promoting bilateral relations to promote tourism, trade, art, culture, music and film.
iv.It was jointly organised by the Indian Embassy, Consulate General of India in Vietnam under the aegis of Ministry of External Affairs (MEA), India, IFFW (Indian Film Festival Worldwide) and Innovations India.
v.During the seminars and meets organised as a part of the 2nd Namaste Vietnam Festival several Memorandums of Understanding (MoUs) worth over USD 1 billion were signed between business enterprises from both India and Vietnam.

  • The MoUs were signed across 3 major sectors: Railways, Tourism, and Cinema

About Vietnam:
Capital– Hanoi
Currency– Vietnamese dong
Prime Minister– Pham Minh Chinh


20th ASEAN-India Economic Ministers’ Meeting Held in Semarang, IndonesiaOn August 21, 2023, the 20th ASEAN (Association of Southeast Asian Nations)-India Economic Ministers’ meeting held in Semarang, Indonesia which was co-chaired by the Indian representative Rajesh Agrawal, Additional Secretary, Department of Commerce, Ministry of Commerce and Industry and  Dr. Zulkifli Hasan, Minister of Trade, Indonesia.

  • Before the Economic Ministers’ meeting, an AITIGA Joint Committee meeting took place. This committee discussed the roadmap for the review, outlining the Terms of Reference and the Work Plan for AITIGA Review Negotiations.

Agenda of Meeting:
The agenda of the meeting was the timely review of ASEAN-India Trade in Goods Agreement (AITIGA) which was signed in 2009 amid Indian businesses’ long-standing request in order to enhance trade facilitation and mutual benefits.
i.India and ASEAN have mutually decided to finalize the review of their current free-trade agreement (FTA) concerning goods by the year 2025.
ii.The Ministers agreed to follow a quarterly schedule of negotiations and conclude the review in 2025.
iii.The review is anticipated to diversify and enhance trade, while addressing existing imbalances in bilateral trade.
iv.Upcoming Summit – Decision on review will be discussed at upcoming India-ASEAN Leaders’ Summit in September 2023.
Highlights:

  • Ministers discussed and fortified trade and investment ties between ASEAN and India.
  • Emphasized commitment to bolster and advance the economic partnership.
  • Focused on mutual gains through the ASEAN-India Comprehensive Strategic Partnership.
  • Interacted with ASEAN-India Business Council (AIBC), acknowledging 2023 initiatives, including 5th ASEAN-India Business Summit on March 6, 2023, in Kuala Lumpur, Malaysia.
  • Recognized business concerns about Non-Tariff Barriers (NTBs).
  • Prioritized collaboration in resilient supply chains, food and energy security, health, and financial stability.

Participants:
The Economic Ministers or their representatives from all the 10 ASEAN countries viz. Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam participated in the meeting. Democratic Republic of Timor-Leste also joined the Meeting as an observer.
Key Notes:
i.India and ASEAN registered a bilateral trade of USD 131.5 billion in 2022-23.
ii.The trade with ASEAN accounted for 11.3% of India’s global trade in 2022-23.
About Indonesia:
Capital– Jakarta
Currency– Indonesian Rupiah
President– Joko Widodo


IFC invests USD 100 million in IIFL HFL to Boost LIG’s Access to Affordable Housing Finance in IndiaInternational Finance Corporation (IFC), a member of the World Bank Group, has invested up to USD 100 million in IIFL Home Finance Ltd (IIFL HFL), to increase access to housing finance among economically weaker sections (EWS) and Low-Income Groups (LIG), including women borrowers in India.

  • The investment also aims to induce India’s affordable housing space, promote green construction, and support India’s climate goals.
  • Through this partnership with IFC, IIFL HFL aims to bring sustainable living in self-constructed houses.

Note:  IIFL HFL is a subsidiary of IIFL Finance Limited, formerly known as IIFL Holdings Limited, doing business as India Infoline Finance Limited(IIFL).
Features of the Partnership:
i.Under the partnership, 50% of funding will be dedicated to promoting housing finance for women borrowers, with the remaining 50% dedicated to financing green housing for buyers in this underserved segment.
ii.As part of this collaboration, IFC will offer a performance-based incentive from the United Kingdom(UK)-IFC Market Accelerator for Green Construction Program (MAGC).

  • The incentive aims to accelerate the execution of IIFL HFL’s green building strategy and stimulate the adoption of affordable housing units certified as green.

Note: In 2018, IFC and the UK Government’s Department for Energy Security and Net Zero (DESNZ, then operating as BEIS) formed a partnership to combat climate change in developing countries. MAGC is the first UK-IFC bilateral partnership in that regard.
iii.In addition, IFC advisory services will also help strengthen IIFL’s green housing portfolio through knowledge sharing using the Excellence in Design for Greater Efficiencies (EDGE) framework and enhancing capacity building for staff on green certification.
iv.IIFL will also leverage IFC’s expertise in capacity building for diversity and inclusion to increase the proportion of women borrowers in its portfolio.
Key Points:
i.India’s rapid urbanisation has intensified the need for affordable housing, with an estimated requirement of 38 million housing units by 2030. EWS and LIG segments represent over 96% of these needs.

  • LIGs, particularly women, often lack the financial resources and credit history required to secure mortgages, making adequate housing.

ii.As per IFC estimates, India’s green buildings market accounts for only 6% of residential buildings, despite representing a USD 1.25 trillion opportunity between now and 2030.
About International Finance Corporation (IFC):
IFC is the largest global development institution focused exclusively on the private sector in developing countries.
Managing Director– Makhtar Diop
Headquarters– Washington, D.C., The United States of America


Max Life Insurance Introduces Max Life NIFTY Smallcap Quality Index FundMax Life Insurance Company Limited(Max Life) launched “NIFTY Smallcap Quality Index Fund” in the Unit Linked Insurance Plan (ULIP) segment to provide an opportunity to capitalise on the growth potential of smallcap companies, aiming for long term index linked returns.

  • This is the first smallcap index fund of the life insurance segment.
  •  Max Life Nifty Smallcap Quality Index Fund is similar to Nifty Smallcap 250 Quality 50 Index which offers 22% Compound annual growth rate (CAGR) for 10 years.
  • This fund is designed to provide investors with an opportunity to leverage the growth potential of Small-Cap companies, with a focus on achieving long-term index-linked returns.

Additional Points about NIFTY Smallcap Quality Index Fund:
i.The fund will be available with leading products like Online Savings Plan with zero allocation and admin charges, Platinum Wealth Plan available with guaranteed wealth boosters and additions during the New Fund Offer (NFO) period. This will also be available with other ULIP products.

  • The Fund will be available with an Online Savings Plan along with the Platinum Wealth Plan during the NFO period.

ii.The lower Fund Management Charges (FMC) makes this Index Fund a valuable investment avenue for millennial investors.
iii.This fund is anticipated to produce returns that are comparable to the benchmark returns of the NIFTY Smallcap 250 Quality 50 Index following the investing guidelines established by Insurance Regulatory and Development Authority of India (IRDAI).
About Max Life Insurance Company Limited(Ltd):
Max Life Insurance Company Limited(Ltd) is a joint venture between Max Financial Service Limited(70%) and Axis Bank Limited(30%).
Managing Director(MD) & Chief Executive Officer(CEO) – Prashant Tripathy
Headquarters – Gurugram, Haryana


ICRA Estimates GDP Growth at 8.5% in Q1FY24; Maintains FY24 Forecast at 6%On August 22, 2023, ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) projected that India’s economic growth will accelerate to 8.5% in the April 2023 to June 2023 period – 1st Quarter of financial year 2023-24 (Q1FY24from the 6.1% growth rate witnessed in the January 2023 -March 2023 quarter (4QFY23).

  • ICAR has projected that the real Gross domestic product (GDP) growth of India will be maintained at 6% for FY24 which is lower than the RBI estimates of 6.5%.

Highlights:
i.India’s Q1FY24 GDP increase is supported by a strong Q1FY23 base, improved profit margins, and service sector revival.
ii.This 8.5% estimate for Q1FY24 is higher than the Reserve Bank of India (RBI) forecast of 8.1%.
iii.Q1FY24 Gross Value Added (GVA) growth is projected at 8.1%, compared to 6.5% in Q4FY23.
iv.Unpredictable rainfall, narrowing year-on-year commodity price differences, and a potential slowdown in Government capex momentum due to the upcoming parliamentary elections will hamper GDP growth in FY2024.
Key Points:
i.Gross fixed capital formation (GFCF) expansion in Q1 FY24 to be in double digits, based on the robust year on year growth performance of a majority of the investment-related indicators.
ii.The aggregate capital outlay and net lending of 23 state governments (except Arunachal Pradesh, Assam, Goa, Manipur and Meghalaya), and Indian Government’s gross capital expenditure surged by 76% (Rs 1.2 lakh crore) and 59.1% (Rs 2.8 lakh crore) respectively in Q1FY24.
iii.Capex-related External Commercial Borrowings (ECBs) for modernization, new projects, and capital goods imports reached USD 13.0 billion in Q1FY24, surpassing FY23’s full-year levels of USD 9.6 billion.
iv.Services’ gross value added growth to have risen to 9.7% in Q1FY24 from 6.9% in Q4 FY23
v.Electricity generation growth dropped to an 11-quarter low of 1.3% in Q1 FY24 due to an unfavorable base and excessive rainfall in the first half of the quarter.
vi.Industrial GVA growth estimated to have risen to 7.3% in Q1 FY24 from 6.3% in Q4 FY23, driven by the manufacturing sector with an expected growth of 8% in Q1 FY24.
vii.Agricultural growth projected at 4.0% in Q1 FY24, relatively lower compared to the 5.5% in Q4FY23.
Click Here for Official Release


NHPC Signs Pact with RITES to Construct Railway Siding For 2,880 MW Dibang
NHPC Limited has entered into a Memorandum of Understanding (MoU) with RITES Ltd, previously known as Rail India Technical and Economic Service Limited to construct a railway siding at Pasighat, Arunachal Pradesh, in support of NHPC’s 2,880 megawatts (MW), Dibang Multi-Purpose Project development.

  • NHPC Limited (erstwhile National Hydroelectric Power Corporation) is a prestigious Miniratna (Category–I) Schedule ‘A’ Public Sector Enterprise (PSE) under the Ministry of Power while RITES is a distinguished Miniratna Schedule ‘A’ Central Public Sector Undertaking (PSU) under the Ministry of Railways.
  • NHPC’s total installed capacity is 7,097.2 MW of renewable power including Wind & Solar, through its 25 power stations including 1,520 MW through subsidiaries.
  • The strategic partnership between NHPC and RITES enhances the capabilities of both organizations.
  • RITES, as a Project Management Consultant, will provide comprehensive and efficient solutions for developing rail infrastructure facilities for NHPC Dibang and other upcoming projects in Arunachal Pradesh.
  • The Dibang Multipurpose Project is a significant hydropower project undertaken by NHPC Limited in the Dibang Valley district of Arunachal Pradesh, India. It aims to harness the potential of the Dibang River to generate electricity and provide various benefits like irrigation, flood control, and water supply. The project’s proposed capacity is 2,880 megawatts (MW), making it one of the largest hydropower projects in the country.

Srettha Thavisin Elected as 30th PM of ThailandOn 22nd August 2023, Srettha Thavisin (61 years old) of Pheu Thai Party (PTP) was elected as the 30th Prime Minister (PM) of Thailand after winning the joint vote of the bicameral parliament.

  • He has also  received the approval from the Thai King Maha Vajiralongkorn to assume the office as PM of Thailand.
  • He succeeds Prayut Chan-o-cha, the 29th PM of Thailand (2014 to 2023), who announced retirement from politics in July 2023.

Overview of 2023 Elections:
i.General elections were held in Thailand on 14 May 2023 to elect 500 members of the House of Representatives.

  • National Assembly of the Kingdom of Thailand  is a bicameral legislature composed of a Senate and a House of Representatives. The assembly has a total of 750 members of which 500 (members in the lower house) are elected through general elections.

ii.Move Forward Party (MFP) won the May 2023 election with 151 constituency seats, while PTP secured the 2nd place with 141 seats.
iii.Move Forward leader Pita Limjaroenrat fell short by more than 50 votes to win a majority in both the elected house and the 250 member Senate.
iv.Srettha Thavisin of PTP was elected as the PM with 482 votes for, 165 votes against, with 81 abstentions.
About Srettha Thavisin:
i.He’s a former Chief Executive Officer(CEO) and President of Sansiri Public Company Limited, one of Thailand’s largest property developers.
ii.Before joining Sansiri, he worked for Procter & Gamble (PG.N) and also served as a distributor of Fast-Moving Consumer Products (FMCG).
iii.He joined the Pheu Thai Party in November 2022 and has been long associated with Thaksin Shinawatra, former PM and founder of the populist Pheu Thai Party, who left Thailand 15 years ago, following a 2006 coup, only to be imprisoned.
About Thailand:
Prime Minister– Srettha Thavisin
Capital– Bangkok
Currency– Thai baht (THB)


LIC Acquires 6.66% Shareholding in Jio Financial Service
Life Insurance Corporation of India (LIC), an Indian multinational public sector life insurance company, has acquired 6.66% shareholding in Jio Financial Services Ltd. (JFSL).Jio Financial Services Limited (JFSL), previously named Reliance Strategic Investments Limited, the demerged financial subsidiary of Reliance Industries Limited(RIL).

  • LIC holds a 6.49% stake in RIL as of June 30, 2023.
  • The acquisition of the shareholding in Jio Financial Services by LIC occurred as a part of the process in which Jio Financial Services was separated from its parent company.
  • The cost of acquiring this shareholding represents 4.68% of the value of RIL  before the separation or demerger occurred.

LCA Navy Prototype NP5 Trainer Aircraft Completes Successful Maiden FlightThe Light Combat Aircraft (LCA) Naval Trainer Prototype ‘NP5‘ successfully completed its maiden flight in Hindustan Aeronautical Limited (HAL) Airport, Bengaluru, Karnataka.

  • LCA Navy is designed and developed jointly by Aeronautical Development Agency (ADA) and HAL.
  • Captain Amit Kawade of the Indian Navy and Wing Commander Siddarth Singh (Retired) piloted the aircraft, which was flying for 57 minutes and displayed normal parameters during the mission.

Features of LCA Navy NP5:
i.The LCA Navy NP5 is equipped with cutting-edge technology such as a fly-by-wire flight control system, a glass cockpit, and modern mechanical systems.
ii.It features modern hands-free ski jump take-off and landing flight control modes.

  • It can operate with Air-to-Air weapons for combat missions and also capable of operating both during the day and night.

iii. NP5 is a production-ready version of the LCA aircraft including all the improvements identified during the testing of NP1 and NP2.
iv.The flight testing activities of NP5 aircraft will provide designers vital inputs towards the design and development of the Twin Engine Deck Based Fighter (TEDBF).
 About Previous Prototypes:
i.The first trainer prototype NP1 was flown on 27 April 2012 and the fighter prototype NP2 was flown on February 7, 2015.

  • Both Naval Prototypes (NP1 and NP2) have achieved major landmark milestones like ski jump take-off and arrested landing demonstrations on Shore Based Test Facility (SBTF) at Dabolim Airport, Goa.

LCA Navy in Aircraft Carrier:
i.LCA Navy demonstrated 18 arrested landings and ski-jump takeoffs from Indian Navy Ship (INS) Vikramaditya in  2020, including hot refuelling capability.
ii.It also performed 10 ski-jump take-offs and arrested landings from INS Vikrant on 2023.

  • LCA Navy is the first indigenous fighter aircraft landing on the indigenous aircraft carrier, INS Vikrant.

Note:
ski jump is an upward-curved ramp that allows the aircraft to take off from a runway that is shorter than the aircraft’s required take-off roll.
About Aeronautical Development Agency (ADA):
Aeronautical Development Agency (ADA) is a department of the Defence Research and Development Organisation (DRDO) and the nodal agency for the design & development of Light Combat Aircraft (LCA).
Director General – Girish S. Deodhare
Headquarters – Bengaluru, Karnataka
Established – 1984


Dr Jitendra Singh Launches Indigenous E-Tractor, CSIR Prima ET11
Union Minister of State(MoS) Dr.Jitendra Singh, Ministry of Science & Technology, launched CSIR Prima ET11, India’s 1st indigenous e-Tractor. It was developed by the Council of Scientific & Industrial Research (CSIR) -Central Mechanical Engineering Research Institute (CMERI), Durgapur, West Bengal.

  • He also released a book by CSIR-Central Institute of Medicinal and Aromatic Plants (CIMAP) and a compendium on 75 technologies developed by CSIR.

i.This event highlights the introduction of advanced technology in the form of electric tractors to promote sustainability and innovation in the agricultural sector.
ii.Minister highlighted the importance of the 5 S’s mantra – Showcasing, Stakeholders, Startups, Synergizing, and Strategizing Industry linkage to ensure the success of Research and Development (R&D)endeavours carried out in government-run scientific laboratories.
iii.He also notified that prominent startups are emerging within the agriculture sector, especially in specialized technologies such as e-Tractor, garbage recycling, drip irrigation, and genome-sequenced farming (like Mango and Lotus).

Current Affairs – 23 August 2023

NBRI Namoh 108: MoST Minister Dr Jitendra Singh unveils new variety of Lotus flower developed by CSIR-NBRIi.On August 19, 2023, Union Minister of State (Independent Charge) Dr Jitendra Singh, Ministry of Science & Technology (MoST), unveiled “NBRI Namoh 108”, a unique variety of Lotus (Nelumbo nucifera) with 108 petals, in Lucknow, Uttar Pradesh(UP).

  • NBRI Namoh 108 was developed by Council of Scientific & Industrial Research- National Botanical Research Institute (CSIR-NBRI), Lucknow(UP)-based institute of national importance which engaged in research in the classical botanical disciplines.

ii.The MoST Minister also introduced apparel made from lotus fibre and perfume ‘Frotus’. The perfume is extracted from lotus flowers and was developed through the collaborative efforts of NBRI, and the Fragrance & Flavour Development Centre (FFDC) located in Kannauj, UP.
iv.An Memorandum of Understanding (MoU) was signed between CSIR-NBRI & M/s Nucleome Informatics, Hyderabad, Telangana for collaborative research on Cotton.
About CSIR– National Botanical Research Institute (NBRI):
It is an institute of National Importance under CSIR.
Director – Dr Ajit Kumar Shasany
Parent Ministry– Ministry of Science & Technlogy(MoST)
Location– Lucknow, Uttar Pradesh


Highlights of 4th G20 DEWG & G20 DIA Summit held in Bengalurui.The 4th and the Final meeting of the G20 (Group of Twenty) Digital Economy Working Group (DEWG), organized by Ministry of Electronics and Information Technology (MeitY) as a part of the India’s G20 Presidency, was held in Bengaluru, Karnataka from August 16-17, 2023.

  • It was formally opened by the Chair of G20 DEWG Alkesh Kumar Sharma, Secretary, MeitY, and was addressed by co-chair of G20 DEWG Sushil Pal, Joint Secretary, MeitY.

ii.Detailed deliberations on the draft “G20 Digital Economy Ministerial Declaration” were held regarding the priority areas: Digital Public Infrastructure, Security in the Digital Economy, and Digital Skilling.
iii.MeitY and the MeitY Start-up Hub have organized the G20 Digital Innovation Alliance (DIA) Summit at the Bangalore Palace in Bengaluru (Karnataka) from August 17th to 19th, 2023.
About Ministry of Electronics and Information Technology (MeitY):
Union Minister – Ashwini Vaishnaw (Rajya Sabha- Odisha)
Minister of State (MoS) – Rajeev Chandrasekhar (Rajya Sabha- Karnataka)


BRICS Nations Agree to Launch New University Ranking System
BRICS Education Ministers recently assembled in the Mpumalanga province of South Africa and reached an agreement to establish a new autonomous university rating system. BRICS nations comprises Brazil, Russia, India, China, and South Africa.

  • Objective – It aims to take a significant step toward bringing excellence in higher education, encouraging cross-border academic collaborations, and advancing the collective educational objectives of these nations.

i.The primary agenda of the BRICS Education Ministers’ meeting was addressing the need for modern, accountable education and training. Leaders from various educational departments collaboratively recognized the limitations of current university ranking methodologies.
ii.This prompted a decision to create a new ranking system, demonstrating commitment to enhanced, accurate evaluation of higher education institutions globally. Ministries of Education from Brazil, Russia, India, China, and South Africa wholeheartedly lent their support for this proposal.
iii. Konstantin Mogilevsky, Deputy Minister of Science and Higher Education in Russia, emphasized the necessity for a new evaluation framework in the global education community. He stressed the importance of objectivity and universal acceptance in this framework.
iv.CHEN Jie, Deputy Minister of Education from People’s Republic of Chinahighlighted that the upcoming rating system’s need to rely on qualitative benchmarks, not just quantitative ones.


CBDT Notifies New Rules for Tax Exemption of Life Insurance Premiums Exceeding 5 LakhCentral Board for Direct Tax (CBDT) under Department of Revenue in Ministry of Finance issued notification(No. 61/2023) regarding the Income Tax Amendment (Sixteenth Amendment) Rules, 2023 is a set of rules introduced as part of the Finance Act, 2023. The new guidelines for tax exemptions under the amended section 10 (10D) of the Income Tax Act, 1961, state that the maturity sum received from life insurance policies will be subject to taxation if the annual premium exceeds Rs.5 lakh.
i.Under the previous rules specified in section 10 (10D) of the Income Tax Act, 1961, the maturity sum of a life insurance policy, along with any bonuses, was not subject to taxation.

  • However, the amendment to Clause (10D) of section 10 of the Income Tax Act, 1961, stipulated that the maturity sum received from life insurance policies issued on April 1, 2023, or after, will be taxable if the yearly premium exceeds Rs 5 lakh.

ii.The insertion of a new clause (xiii) in sub-section (2) of section 56 of the Income Tax Act, 1961, is related to the amendment mentioned in the Income Tax Amendment (Sixteenth Amendment) Rules, 2023.

  • This new clause (xiii) introduces a specific provision that addresses the tax treatment of sums received under a life insurance policy.The tax treatment of life insurance policies refers to how the proceeds or benefits received from these policies are treated for taxation purposes

iii.Rule 11UACA provides the methodology for computing the income chargeable to tax under clause (xiii) of sub-section (2) of section 56 of the Income Tax Act, 1961.
Note – The Finance Act is an annual legislation in India that outlines the amendments, modifications, and changes to various tax laws, including the Income Tax Act, 1961.


SBI Life Insurance becomes the first Indian private life insurer to launch ’24X7 inbound contact centreState Bank of India (SBI) Life Insurance became the first private life insurance company in India to provide 24X7 inbound contact centre via toll-free number 18002679090 to address before and after purchase queries with the aim to offer real time solutions to queries related to policies and insurance solutions.

  • The contact centre is available to both existing and new consumers, throughout the year.
  • This is aligned with the goal of ‘Insurance for all by 2047’ set by Insurance Regulatory and Development Authority of India (IRDAI).
  • This initiative aims to address both pre and post-purchase inquiries, offering real-time solutions for policy and insurance-related queries.

Current Capacity:
The current capacity of the customer care support enables it to manage approximately 13 lakhs calls annually. Additionally, the company operates an Interactive Voice Response System (IVRS) featuring 13 self-service options.
Insurance for all by 2047-IRDAI:
i.In November 2023, IRDAI launched a program called ‘Insurance for all by 2047’ with an aim to provide every citizen with life, health and property insurance cover and every enterprise with appropriate insurance solutions.
ii.The three pillars of the entire insurance ecosystem are insurance customers (policyholders), insurance providers (insurers) and insurance distributors (intermediaries).


1st Maharashtra Industry Awards 2023: Padma Awardee Ratan Tata honoured with first-ever ‘Udyog Ratna‘ AwardPadma Awardee and former Chairman of Tata Sons, Ratan Tata was honoured with the first-ever ‘Udyog Ratna Award for his outstanding contribution to Maharashtra’s industrial development. The Udyog Ratna Award is one of the category awards presented in the 1st Maharashtra Industry Awards 2023, instituted by the Maharashtra government.

  • The award was presented to Ratan Tata by Eknath Shinde, Chief Minister (CM) of Maharashtra, and Devendra Fadnavis and Ajit Pawar, Deputy CMs at Ratan Tata’s home in Colaba in south Mumbai,Maharashtra.
  • During the award ceremony, on behalf of Ratan Tata, the Chairman of Tata Sons N. Chandrasekharan was presented with a memento of the Udyog Ratna award by the Governor.
  • The honour comprised a shawl, a citation, and a commemorative memento along with a cheque of Rs. 25 lakhs from the Maharashtra Industrial Development Corporation (MIDC).

Note: The contribution of Tata Group in all sectors, from salt to steel, operates in over 100 countries across 6 continents. In the fiscal year 2021-22, the combined revenue of Tata Companies amounted to USD 128 billion.
Other Awards:
Apart from Udyog Ratna Award, there were other 3 awards presented in the ceremony namely

  • Udyog Mitra Award (Young Entrepreneur Award) – Adar Poonawalla, CEO of Serum Institute of India was honoured with the Udyog Mitra Award
  • Udyogini Award (Best Women Entrepreneur) –  Gauri Kirloskar of Kirloskar Group was honoured with this award
  • Utkrusht Marathi Udyojak Award (Outstanding Marathi Entrepreneur) -Vilas Shinde, Chairman and MD (CMD) of Sahyadri Farms was honoured with this award

Maharashtra Industry Awards 2023:
i.It is an annual award instituted by Maharashtra Industrial Development Corporation (MIDC) of the Government of Maharashtra in 2023 to to acknowledgethe entrepreneurs who have contributed substantially to the industrial sector of Maharashtra on the lines of Maharashtra Bhushan from 2023.
ii.The Maharashtra government has decided to start the awards Maharashtra Bhushan Award instituted in 1995 is the highest award given by the Maharashtra government to people who have contributed to the social life of Maharashtra in the disciplines of literature, art, sport, science, public administration, journalism, social work, and healthcare.
iii.The ‘Udyog Rozgar Mitra’ (U R Mitra) initiative was also launched on the occasion.
About Ratan Tata:
i.Ratan N Tata was the chairman of major Tata companies, including Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power and so on.
ii.He is also associated with various organisations both inside and outside India and he is on the international advisory boards of Mitsubishi Corporation and JP Morgan Chase.
iii.The Government of India honoured him with the Padma Bhushan in 2000 and Padma Vibhushan in 2008 for Trade and Industry.
About Maharashtra:
Chief Minister– Eknath Shinde
Governor– Ramesh Bais
Zoological Parks– Balasaheb Thackeray Gorewada International Zoological Park and Rajiv Gandhi Zoological Park (Peshwa Park)


BPCL Announces Rahul Dravid as its Brand Ambassador Bharat Petroleum Corporation Ltd. (BPCL), a Maharatna Public Sector Undertaking (PSU) under the Ministry of Petroleum and Natural Gas (MoP&NG), has named Rahul Dravid, Former Indian Cricketer and the current Head Coach of Indian Cricket Team, as its new brand ambassador.

  • Rahul Dravid will represent BPCL’s ‘Pure for Sure’ initiative and its range of MAK lubricants, and his association with BPCL will serve to emphasise BPCL’s promise of quality and dependability to consumers across India.
  • The introduction of Rahul Dravid as the face of BPCL reflects its commitment to quality, excellence, integrity, reliability, and authenticity.

MAK Lubricants:
i.MAK Lubricants from BPCL has been established as a trusted brand in lubricants and greases both in India and international markets.
ii.In 2003, BPCL re-strategised all its three brands (MAK, GLIDE, AUTOMOL) and unified them into one umbrella brand called ‘MAK’.
About Rahul Dravid:
i.Rahul Dravid, popularly referred as “The Wall”, represented Indian from 1996 to 2012. He has played 500 games and scored more than 24,000 runs with nearly 50 centuries across all formats.

  • He is the 4th highest run scorer in Test cricket with 13,288 runs. The list is topped by Sachin Tendulkar (India) follwed by Ricky Ponting (Australia) and Jacques Kallis (South Africa).

ii.He was honoured with the Padma Shri in 2004 and Padma Bhushan in 2013 in Sports field.
iii.He was honoured with Arjuna Award in 1998 (Cricket)
About Bharat Petroleum Corporation Ltd. (BPCL):
It is India’s second-largest oil and gas company and also one of the world’s biggest corporations. BPCL ranks number 233 in the Fortune Global 500 ranking list of 2023.
Chairman & MD (CMD) – G Krishnakumar
Headquarters– Mumbai, Maharashtra
Founded in– 1952


Bernardo Arevalo Wins Guatemala’s Presidential ElectionCésar Bernardo Arévalo de León, an anti-corruption candidate, won  Guatemala’s presidential election. He secured 58% of votes against his opponent, the former first lady (2008 to 2011) Sandra Torres, of the National Unity of Hope who secured 37%.

  • Arevalo will succeed the current President Alejandro Giammattei, a leader of the right-wing party Vamos.
  • He will be sworn in on 14th January 2024.

About Bernardo Arevalo:
i.Bernardo Arevalo is the son of  Juan José Arévalo, the country’s first democratically elected President(1945–51).
ii.He is the leader of the social democratic Movimiento Semilla Party.

  • Movimiento Semilla – a political party that emerged in response to demonstrations against widespread corruption uncovered by the International Commission against Impunity in Guatemala (CICIG).

iii. Bernardo was appointed as the Director of the Regional Office for Latin America, moving to Geneva in 2005 to become the Director of the Joint Programme Unit for United Nations/Interpeace Initiatives (JPU) – a unique partnership Interpeace has with the UN.
Additional Info:
Guatemala ranked 150th out of 180 in Corruption Perceptions Index released by Transparency International in 2022.
About Guatemala:
Guatemala is a Central American country, south of Mexico.
Capital – Guatemala City
Currency – Guatemalan Quetzal


Neelkanth Mishra Appointed as Part-time Chairman of UIDAI
Neelkanth Mishra has been appointed the Part-time Chairman of the Unique Identification Authority of India (UIDAI). He has been serving as the Chief Economist at Axis Bank Limited and Head of Global Research at Axis Capital Limited since May 2023.

  • The Chairman post was vacant for almost 4 years. Previously, J. Satyanarayana served as the part-time Chairman of UIDAI from July 12, 2016, to April 15, 2019.
  • He will be the second non-bureaucrat after Nandan Nilekani (2009 to 2014) to chair UIDAI.

Other Appointments:
Nilesh Shah, Managing Director (MD), Kotak Mahindra Asset Management Company (AMC) Limited, and Prof Mausam, Associate Professor, Computer Science Department, Indian Institute of Technology (IITDelhi, were appointed as part-time members of UIDAI.
Note: The appointments of the Chairperson and the Members are for a period of 3 years or up to the age of 65 years whichever is earlier, from the date on which they assume office.
About Neelkanth Mishra:
i.Prior to joining Axis bank, Neelkanth Mishra served as the co-head of Asia-Pacific (APAC) Strategy, India Equity Strategy Head, and Head of Research, in India at the Zürich (Switzerland)-based Credit Suisse, a financial services company.
ii.Prior to joining Credit Suisse, he was a Senior Technical Architect with Infosys Technologies. He has also worked with Hindustan Lever Limited and has been an entrepreneur.
iv.He is also a part-time member of the Economic Advisory Committee to the Prime Minister (PM-EAC).
v.He is part of the Advisory Council to the 15th Finance Commission and has been an advisor to committees appointed by the Government of India (GoI) such as the Revenue Neutral Rate (RNR) Committee on Goods and Services Tax (GST) and the Fiscal Responsibility and Budget Management (FRBM) Review Committee.
vi.He is also one of the members of the advisory committee of the India Semiconductor Mission (Semicon India).
Organisational Structure of UIDAI:
i.UIDAI board structure encompasses a Chairperson, 2 part-time Members, and a Chief Executive Officer (CEO), who is also the Member-Secretary within the Authority.
ii.In June 2023, Amit Agrawal, Additional Secretary in the Ministry of Electronics and Information Technology (MeitY), has been appointed as the CEO of UIDAI
About Unique Identification Authority of India (UIDAI):
UIDAI is a statutory authority established under the provisions of the Aadhaar Act 2016 by the Government of India under Ministry of Electronics and Information Technology (MeitY).
It was created to issue Unique Identification numbers (UID), named as “Aadhaar”, to all residents of India.
Chairman (Part time)– Neelkanth Mishra
Headquarters– New Delhi, Delhi


China Launches New Satellite for Earth Observation
China has launched a new Earth observation satellite,named Gaofen-12 04, atop a Long March-4C carrier rocket, into space from the Jiuquan Satellite Launch Center in Northwest China.
The satellite has been positioned in the designated orbit around the Earth as originally intended for its mission.

  • This launch represents the 484th flight mission of the Long March series carrier rockets.
  • The satellite’s capabilities will be utilized in diverse applications such as land surveys, urban planning, road network design, crop yield estimation, and disaster relief efforts.

India Wins 14 medals in World Under-20 Wrestling Championships 2023India won 14 medals(4 golds, 3 silver and 7 bronze) in the World Under-20 Wrestling Championships 2023 held from 14th to 20th August 2023 in  Amman, Jordan.

  • India also claimed its first women’s team title at the World Under-20 Wrestling Championships 2023 with seven medals(3 gold, 1 silver and 3 bronze).

About United World Wrestling (UWW):
President – Nenad Lalović
Headquarters– Lausanne, Switzerland
Established – 1921


Emmy-Winning American Actor Ron Cephas Jones Passed Away
Ron Cephas Jones, a renowned American actor who won Emmy Award twice, has passed away. He was born on January 8, 1957, in Paterson, New Jersey, United States of America(USA).

  • He won widespread recognition for his performance in the hit television series “This Is Us.” He portrayed the character, William Hill.
  • Ron Cephas Jones won an Emmy Award for Outstanding Guest Actor for his role in the drama series “This Is Us” in both 2018 and 2020.
  • In 2020, Ron Cephas Jones’ daughter, Jasmine Cephas Jones, earned her first Emmy Award. This achievement made them the first-ever father-daughter winners in Emmy history. Jasmine won the Emmy for Outstanding Actress in a Short Form Comedy or Drama Series for her role in “#FreeRayshawn.”
  • He earned a nomination for a Tony Award and achieved victory by winning a Drama Desk Award in 2022.
  • Ron Cephas Jones was involved in various films, including “Half Nelson,” “Glass Chin,” “Dogfight,” and “He Got Game.”He also lent his voice to animated projects like “The Croods” and its sequel “The Croods: A New Age.”

World Senior Citizen’s Day 2023 – August 21 World Senior Citizen’s Day is annually celebrated across the globe on 21st August to honour the efforts, contributions, and achievements made by elderly people to society, families, and communities. The day also recognises the issues that an elderly individual faces in old age.

  • The day also aims to recognise and appreciate their participation in society in order to promote their skills and knowledge.

Background:
i.The observance of World Senior Citizen’s Day was started in 1988, when Ronald Reagan, the 40th President of the United States of America (USA) signed the Proclamation of 5847 on August 19, 1988, and declared the 21st of August every year as the “National Senior Citizens Day”.
ii.The Proclamation of 5847, which was signed on 19th August 1988 initially appeared as National Day of the Third Age on 21st August.

  • On 14th December 1990, the United Nations General Assembly (UNGA) adopted a resolution declaring 1st October as the International Day of Older Persons.

International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief 2023 – August 22The United Nations (UN)’s International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief is annually observed across the globe on 22nd August to condemn the violence and acts of terrorism against individuals of religious minorities, on the basis of or in the name of religion or belief.

  • 22nd August 2023 marks the observance of the 5th International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief

Background:
On 28th May 2019, The United Nations General Assembly (UNGA) adopted the resolution A/RES/73/296 and proclaimed the 22nd of August of every year as the International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief.

  • The first-ever International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief was observed on 22nd August 2019.

About United Nations (UN):
Secretary General– António Guterres
Headquarters– New York, the United States of America(USA)
Established in 1945


World Water Week – 20 to 24 August 2023World Water Week is annually observed across the globe during the last week of August with an aim to examine the pivotal role of water in addressing several pressing global challenges such as water crisis, global warming, biodiversity loss, and so on.
World Water Week 2023 takes place from 20-24 August 2023.
World Water Week 2022 was observed from 23 August – 1 September 2022
World Water Week 2021 was observed from 23-27 August 2021

  • World Water Week is annually organised by the Stockholm International Water Institute (SIWI).

Current Affairs – 22 August 2023

Union Minister Dharmendra Pradhan releases ‘State of School Education in Rural India’ reportUnion Minister Dharmendra Pradhan, Ministry of Education released India’s first “State of School (Elementary) Education in Rural India” report during the Transforming Rural India (TRI)’s India Rural Colloquy 2023 (IRC) held in India Habitat Centre, New Delhi, Delhi.

  • The report revealed that a total of 78% of parents of girls and 82% of parents of boys wanted to educate their children to graduation and above.
  • The report aims to provide data along with the right analytics and insights to stimulate the development of rural India.

About the Report:
i.The report is based on an analysis of survey of 6229 parents across 21 States/Union territories (UTs) of India. The study  focused on children in rural communities between the age group of 6-to-16-year-old.

  • Out of the 6,229 rural households surveyed, 6,135 had school-going students, 56 had students who dropped out of school, and 38 had children who had never enrolled in school.

ii.The pan-India survey was spearheaded by the Development Intelligence Unit (DIU) in collaboration with the Transforming Rural India Foundation (TRI) and Sambodhi Research and Communications Pvt. Ltd., Noida, Uttar Pradesh(UP).
iii.The report examines various aspects of learning environments and parental engagements and also illuminates the evolving parental attitudes toward girls’ education in rural India.
Report Analysis:
i.School Drop-out Rate: The data reveals that one-fourth of male children dropped out of school during primary schooling and the female primary school dropout rates were higher, with around 35%.

  • Around 75% boys and 65% girls dropped out of school after completing primary school education.
  • One of the main reason for dropout can be non-availability of schools with higher classes within the village or nearby villages.

ii.Smart Phone Usage: The survey indicated that 49.3% of children aged between 6 to 16 years have access to smartphones in rural India.

  • Out of these, only 34% use it for study downloads and 18% of students access online learning via tutorials.
  • 58.32% of students belonging to Class 8 or above have access to smartphones and 42.1% between classes 1 and 3 have access to it.

iii.Parents‘ Engagement: Among parents who never went to school, 28.7% regularly inquire about school education, while 25.1% rarely or never do so.

  • In contrast, 46.3% of parents with education above higher secondary actively follow up on their child’s education regularly, with only 4% rarely engaging in their child’s education.

Key Points:
i.The report stated, 63% of the households have a designated place for study and 83% of households provide uninterrupted study time at home.
ii.Only 40% of parents have conversations with their kids every day about learning in school while 32% have these conversations a few days in a week.
iii.A total of 55.7% of respondents felt that higher education is affordable while 31.3% believed otherwise.


First WHO Traditional Medicine Global Summit under G20 Summit Held In GujaratThe First World Health Organization (WHO) Traditional Medicine Global Summit was launched by Tedros Adhanom Ghebreyesus, the Director-General of WHO, in Gandhinagar, Gujarat alongside the Group 20(G20) health ministerial meeting.The summit also witnessed the 1st Joint Finance and Health Ministerial under the Indian Presidency.

  • The summit was hosted together by WHO and the Ministry of Ayush
  • Theme: “Towards Health and Well-being for All”. 

Note: India holds the G20 presidency in 2023.
About the summit:
During the summit, there was extensive deliberation and exchange of knowledge regarding various aspects of Traditional Medicine on a global scale on the necessity, influence, innovation, and data concerning the utilisation of traditional medicine systems.
About Gujarat:
Governor – Acharya Devvrat
Wildlife sanctuary – Shoolpaneshwar Wildlife Sanctuary, Pania Wildlife Sanctuary
Zoological Park- Sayaji Baug Zoo


Ministry of Home Affairs Renews FCRA Licence of ORF for 5 Years
The Observer Research Foundation (ORF), a Delhi-based foreign policy think tank, has received a five-year renewal of its Foreign Contribution Regulation Act (FCRA) license from the Ministry of Home Affairs (MHA). The renewed license is valid from October 1, 2023, to September 20, 2028. ORF sought this renewal to continue receiving foreign grants from voluntary sources and foreign entities.

  • The renewal of the organization’s FCRA was pending with the government since March 2023. During this time, extensions were provided to various non-governmental organizations (NGOs), including ORF till September 30th 2023. .
  • The ORF, in adherence to the amendment made to section 17 of The Foreign Contribution (Regulation) Act, 2010, in the year 2020, took the necessary steps to meet the new legal requirements.
  • As part of the compliance process, ORF ensured that it met the regulatory requirements by opening bank accounts with the State Bank of India(SBI). These bank accounts were established at the Parliament Street New Delhi branch of the SBI. This step aligns with the regulations and helps facilitate transparent and accountable financial transactions related to foreign contributions.
  • As of August 15, 2023 a total of 206 voluntary organizations have been issued FCRA (Foreign Contribution Regulation Act) licenses. This list includes several notable organizations like the International Forum for Environment, Sustainability, and Technology (iFOREST) and Sikkim Manipal University. The licenses allow these organizations to receive foreign contributions legally and transparently.

Bank credit growth to MSMEs decelerates in Q1FY24: RBI issues new Guidelines for Fair Lending Practicesi.According to the Reserve Bank of India (RBI) data, Bank credit growth to Micro, Small and Medium Enterprises (MSMEs) has decelerated on a year-on-year (y-o-y) basis in the first three months (April-June) of the FY24 i.e. Q1FY24.
ii.Banks’ cautious attitude towards risk makes them hesitant to provide loans to small units, leading to a deceleration in bank credit growth.
iii.Credit to medium industries grew by 13.2% in June (compared to 47.8% in June 2022).
iv.RBI has issued comprehensive guidelines regarding penal charges in loan accounts to ensure fairness, transparency, and accountability in the lending practices of financial institutions. As per it, Penalties for loan contract non-compliance termed ‘penal charges not ‘penal interest.’ These will come into effect from January 1, 2024.
About Reserve Bank of India (RBI):
Governor – Shaktikanta Das
Deputy Governors – Swaminathan Janakiraman, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra


RBI releases guidelines for IDF-NBFC; ResetsFloating Interest Rate on EMI based Personal Loansi.The Reserve Bank of India (RBI), in consultation with the Government of India (GoI), has reviewed guidelines for Infrastructure Debt Fund-Non-Banking Financial Companies (IDF-NBFCs) to enhance their role in infrastructure financing and align regulations across NBFCs in this sector.
ii.The updated regulations for IDF-NBFCs will be effective from August 18, 2023.
iii.RBI advised banks and finance companies to reset Floating Interest Rate on Equated Monthly Instalments (EMI) for select personal loans in response to rising interest rates through the new rules, w.e.f.  December 31, 2023. This will apply to both new and existing borrowers.
iv.These rules will enhance transparency by necessitating the disclosure of principal and interest recovered to date, remaining EMIs, EMI amounts, and the annualized rate of interest/Annual Percentage Rate (APR) for the entire loan duration.
About Reserve Bank of India (RBI):
i.It was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934.
ii.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937.
iii.Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India.
iv.Thus, 2023 marks the 75th year of public ownership of the Reserve Bank and its emergence as a national institution.


Canara Bank launches UPI interoperable Digital Rupee Mobile App Canara Bank launched its Unified Payments Interface (UPI) Interoperable Digital Rupee mobile application, called the “Canara Digital Rupee app”, as a part of the Reserve Bank of India (RBI)’s Central Bank Digital Currency (CBDC) pilot project.

  • Canara Bank is now the first among the public and commercial sector bank to provide this feature in its CBDC mobile app, Canara Digital Rupee app.
  • The app has been created in accordance with RBI guidelines and is powered by advanced blockchain technology to ensure great security and efficiency.

Features:
i.Customers will be able to scan merchant UPI Quick Response (QR) codes using the Canara Digital Rupee app and make digital currency payments with the release of this unique feature.
ii.It enables merchants to accept digital currency payments in addition to UPI-based payments, utilising their existing UPI QR codes without the need for a separate onboarding process for CBDC.
iii.The app features multi-factor authentication and encryption to safeguard transactions and protect user data.
iv.The app will allow customers to experience the benefits of rapid and secure transactions using RBI’s digital money.
v.Customers may now simply deal in digital currency with the Canara Bank Digital Rupee mobile application, which is currently available for both Android and iOS users.

  • According to RBI regulations, digital currency is legal tender, therefore the launch of this app is a big step towards the use of digital currency in India.

Accessibility of the Application:
i.The facility is now being given on a trial basis to bank customers and merchants in 26 locations across India. All whitelisted clients in these 26 cities can access the Canara Bank Digital Rupee app.
ii.If a customer is not whitelisted, they will be prompted to request for whitelisting during app installation.
iii.Within 24 hours, the customer will receive a message from the bank for whitelisting, after which they will be able to install the app.
About Canara Bank Limited :
Canara Bank was established as Canara Hindu Permanent Fund Ltd. in 1906 and was renamed as Canara Bank Limited in 1910.
Managing Director (MD) & Chief Executive Officer (CEO)- K.Satyanarayana Raju
Headquarters– Bengaluru, Karnataka
Nationalised in 1969
Tagline– Together we can


SBI Partners With IITto Strengthen its Data Analytics, AI Capabilities
State Bank of India (SBI) is contributing Rs 22.5 crore through its Corporate Social Responsibility (CSR) arm, SBI Foundation, to set up a Banking Data and Analytics Hub at the Indian Institute of Technology, Bombay (IIT-B), Mumbai, Maharashtra, to tackle the distinct challenges facing by the Indian banking and financial services industry. The collaboration will boost SBI’s AI (Artificial Intelligence) capabilities and promote the exchange of innovative concepts through cooperation between the banking industry and academia.

  • The partnership’s positive impact will extend to the entire Banking, Financial Services, and Insurance sector (BFSI) sector, facilitating the incorporation of emerging technologies such as ChatGPT.
  • The hub is designed to encompass a laboratory area of 10,000 square feet. Its primary focus will be on supporting research and skill enhancement in the fields of data analytics and AI.
  • SBI, founded through a parliamentary Act on July 1st, 1955.Recently, it celebrated its 68th Bank Day. Dinesh Kumar Khara is the Chairperson of SBI.

SBI Appoints Four Directors To The BoardThe State Bank of India (SBI) has appointed four directors namely Ketan Shivji Vikamsey, Mrugank Madhukar Paranjape,  Rajesh Kumar Dubey and Dharmendra Singh Shekhawat to the central board of the bank.

  • They were appointed for a period of 3 years with effect form 26th June 2023  to 25th June 2026.

Details of the Appointment: 
i.Ketan Shivji Vikamsey and Mrugank Madhukar Paranjape have been reappointed as the director (elected under Section 19(c) of SBI Act 1955) at SBI’s Central board.

  • They have been holding this position since June 2020.

ii.Rajesh Kumar Dubey and Dharmendra Singh Shekhawat have been appointed as the Directors (elected under section 19 (c) of the SBI Act, 1955) at SBI’s Central Board.
Note:

  • Rajesh Kumar Dubey and Dharmendra Singh Shekhawat have replaced B Venugopal and Ganesh Natarajan, whose tenure as Director ended on 25th June 2023.

About Ketan Shivji Vikamsey:
i.He is a is a senior partner at KKC & Associates LLP (formerly Khimji Kunverji & Co LLP), Chartered Accountants, established in 1936.
ii.He is registered as an Independent Director with the Indian Institute of Corporate Affairs(IICA) under the Ministry of Corporate Affairs(MCA).
About Mrugank Madhukar Paranjape:
He is currently the Managing Director(MD) & Chief Executive Officer (CEEO) of NCDEX e-Markets Limited. Previously, he has served as the MD & CEO of Multi Commodity Exchange of India Limited.
About Rajesh Kumar Dubey:
He is presently holding the charge of Executive Director (Personnel) at Life Insurance Corporation of India(LIC). He joined LIC of India as a Direct Recruit Officer in the year 1988.
About Dharmendra Singh Shekhawat:
i.Dharmendra Singh Shekhawat is a  main Partner of M/s. D. S. Shekhawat & Associates, Chartered Accountants since September 2002 and is also the Chairman of the Th. Jaswant Singh Memorial Trust.
ii.He has served as an Independent Director on the Board of Indian Oil Corporation Limited (IOCL) and was also the Chairman of the Audit Committee of the Board of IOCL.
About State Bank of India(SBI):
Chairman – Dinesh Kumar Khara
Headquarters – Mumbai, Maharashtra
Established in – 1955
Tagline – The Banker to Every Indian


Indian Army Inducts Swathi Mark II Mountain Variant WLRThe Indian Army inducted six Swathi Mark II mountain variant Weapon Locating Radar (WLR) to enhance battlefield surveillance.

  • The Indian Army awarded the contract to manufacture Swathi Mark II (Swathi Mountains) to Bharat Electronics Limited (BEL), a Navratna Public Sector Enterprise(PSE), in December 2021.
  • It was developed by the Defence Research and Development Organisation (DRDO).
  • Lieutenant General JB Chaudhari, the Deputy Chief of the Army Staff (DCOAS) for Capability Development and Sustenance (CD&S), flagged off the radar system at the induction ceremony on August 5, 2023 at Agra, Uttar Pradesh(UP) .

About Swathi WLR Mark II:
i.Swathi WLR is a mobile 3D electronically scanned phased-array radar that can autonomously locate hostile soldiers’ artillery, mortars, and rocket launchers and destroy them by enabling counter bombardment.

  • It is specifically designed for operations in mountainous and high-altitude areas.

ii.Each Swathi WLR unit is mounted in two vehicles: a radar vehicle with electronics and an antenna shelter, and a power source-cum-built-in test equipment (BITE) vehicle with two diesel generator sets and a radar target simulator.
iii.The Swathi radar comes in two versions: the Swathi Plains (WLR) and the Swathi Mountains (WLR-M).
iv.The Swathi Mark I variant(Swathi Plains) is set up into two 8×8 wheeled Tatra trucks weighing approximately 30 and 28 tonnes, subsequently, the Mark II variant is integrated into two 6×6 wheeled Tatra trucks weighing around 18 tonnes each.

  • The Swathi WLR Mark I variation is suited for plains operations, and the only difference between the two models is weight.
  • The Indian Army already inducted 30 units of Swathi Mark-I and they are deployed across the Line of Control (LoC).

Note:
India had exported four Swathi Weapons Locating Radars to Armenia valued at USD 40 million, in March 2020.


Luna-25 crashed into the Moon; Russia’s 1st Moon mission in 47 years FailedRussia’s first lunar mission in 47 years, Luna-25, failed as the space craft spun out of control and crashed into the moon after a problem preparing for pre-landing orbit(orbital maneuver).
Reason behind the Crash:
Roscosmos, State Space Corporation of Russian Federation, announced that the initial analysis of the moon lander indicates that a difference between the planned and actual propulsion maneuver caused the spacecraft to move into an unintended orbit.
Background: 
Luna-Glob-Lander (Luna-Glob-1), also known as Luna-25, was launched on 10th August 2023 atop a Soyuz-2.1b rocket(Soyuz-2 Fregat) from the Vostochny Cosmodrome in Russia.

  • It was anticipated to land  near the lunar south pole on 21st August 2023.

About Luna-25:
i.The objective of Luna-25 is to Explore the composition of the polar regolith and to Investigate the plasma and dust components of the lunar polar exosphere for one year.
ii.The main landing site was north of Boguslavsky crater and the reserve landing site was to the southwest of Manzini crater in Moon.
Note:

  • Luna 25 was launched as a precursor for more advanced lunar endeavors, paving the way for the upcoming Luna-26 and Luna-27 missions.
  • Luna 25 was named in continuation of robotic probe programme of Soviet Union – Luna 24 mission which brought back moon rock back to earth in 1976.

About Russia:
President – Vladimir Putin
Capital – Moscow
Currency – Russian Ruble


India’s First Hydrogen Bus Hits the Public Roads in Leh, Ladakh
NTPC Limited(formerly known as National Thermal Power Corporation), a Maharatna Public Sector Undertaking(PSU) under the Ministry of Power (MoP), has begun the trial of India’s 1st hydrogen bus in Leh, Union Territory (UT) Ladakh.  This marks India’s 1st-ever use of hydrogen buses on public roads. The first hydrogen bus arrived in Leh, marking the initiation of a 3-month process involving field trials, roadworthiness tests, and necessary regulatory steps.

  • NTPC is working towards achieving carbon-neutral Ladakh by establishing a hydrogen fuelling station, a solar plant, and introducing five fuel cell buses for local transport within the city of Leh. This is part of efforts to reduce carbon emissions and promote sustainability in the region.
  • The first of its kind Green Hydrogen Mobility Project at 11,562 ft is co-located with dedicated Solar plant of 1.7 MW for providing renewable power. The fuel cell buses are designed for operation in sub-zero temperature in rarefied atmosphere, typical to such altitude locations which is a unique feature of this project.
  • NTPC aims to achieve 60 GW of Renewable Energy capacity by 2032 and play a significant role in Green Hydrogen Technology and Energy Storage.The company is taking up several initiatives towards decarbonization such as Hydrogen blending, Carbon Capture, EV buses, Smart NTPC Townships etc.

FIFA Women’s World Cup 2023: Spain Defeated England to win their 1st Women’s World CupSpain Women’s football team (nicknamed La Roja) won the Fédération Internationale de football Association(FIFA) Women’s World Cup 2023 by defeating England 1-0 in the finals at Stadium Australia in Syndey, Australia on 20th August 2023 for the first time.

  • Sweden won the bronze medal by defeating Australia 2-0 in the 3rd place match held in Brisbane, Australia.
  • The 9th edition of the FIFA Women’s World Cup co-hosted for the first time by Australia and New Zealand held from 20th July to 20th August 2023.

About Fédération Internationale de football Association(FIFA):
President – Gianni Vincenzo Infantino
Headquarters– Zürich, Switzerland
Established – 1904


Sadbahavana Diwas or Harmony Day 2023 – August 20 Sadbahavana Diwas, also known as Harmony Day, is annually celebrated on 20th August across India to celebrate the birth anniversary of India’s 6th Prime Minister (PM) Rajiv Gandhi.

  • Sadbahavana Diwas aims to encourage peace, national integration, and communal harmony among all religions.
  • The day offers a platform for the people to take the pledge to establish peace and harmony around them.

The Sadbahavana Diwas 2023 marks the 79th birth anniversary of former PM Rajiv Gandhi, who was born on 20 August 1944.
Background:
i.In memory of Rajiv Gandhi, the All India Congress Committee (AICC) of the Indian National Congress (INC) started the Sadbhavana Diwas and instituted the Rajiv Gandhi National Sadbhavana Award in 1992.
ii.The first Sadbhavana Diwas was observed in 1992, a year after Rajiv Gandhi was assasinated by a suicide bombing in Sriperumbudur, Tamil Nadu on 21st May 1991.

  • 21st May, the death anniversary of Rajiv Gandhi was declared National Anti-Terrorism Day.

iii.Rajiv Gandhi National Sadbhavana Award recognises people who have dedicated their lives to promoting social harmony.


World Mosquito Day 2023 – August 20i.World Mosquito Day is annually observed across the globe on 20th August to commemorate Sir Ronald Ross a British doctor who discovered the relationship between mosquitoes and the transmission of malaria between humans in 1897.

  • The day aims to create awareness about the cause and prevention of Malaria.
  • The observance also recognises the efforts of the health care officials and others who are combating the diseases caused by Mosquitoes.

ii.Ronald Ross’s work showed how the parasite enters the organism and laid the foundation for the research on malaria and methods of combating it.

  • He received the Nobel Prize in Physiology or Medicine in 1902 for this work.

International Day of Remembrance and Tribute to the Victims of Terrorism 2023 – August 21United Nations (UN)’s International Day of Remembrance and Tribute to the Victims of Terrorism is annually observed across the world on the 21st August to honour and support the victims and survivors of terrorism and to promote and protect the full enjoyment of their human rights and fundamental freedoms.

  • The day also aims to pay tribute to all the victims of the global curse of terrorism, at home and worldwide.

Current Affairs – 20 & 21 August 2023

India’s First 3D-Printed Post Office Building Inaugurated in Bengaluru 
Mr. Ashwini Vaishnaw, the Union Minister for Railways, Communications, Electronics & Information Technology, inaugurated India’s first three-dimensional (3D) Printed Post Office located in Bengaluru’s Cambridge Layout, Karnataka.

  • The new post office was created using 3D Concrete Printing Technology by Larsen and Toubro (L&T) Construction.
  • The technology had been approved by the Building Materials and Technology Promotion Council (BMTPC) and the structural design of the post office was validated by Indian Institute of Technology Madras(IIT-M) .

Note – BMTPC is a not-for-profit autonomous body registered in 1990 under the aegis of the Ministry of Housing & Urban Poverty Alleviation, Government of India.
What is 3D Concrete Printing?
3D concrete printing, also known as concrete additive manufacturing, is an innovative construction technology that involves using specialized machines to create three-dimensional objects and structures using concrete as the primary material. This process allows for the precise layer-by-layer deposition of concrete, enabling the fabrication of complex and custom shapes.
Other First 3D Printed Houses

  • In April 2021, India’s first 3D-printed house was built on IIT-M campus by Tvasta Manufacturing Solutions.
  • In December 2022, Indian Army also inaugurated its first two-storey 3D-printed dwelling unit for soldiers at Ahmedabad Cantonment in Gujarat.

UNDP Creates National Carbon Registry to Assist Nations in Achieving Climate TargetsUnited Nations Development Programme (UNDP) developed an open-source software called ‘National Carbon Registry’.This software enables countries to effectively manage national data and processes for trading carbon credits.

  • The software has recently been accredited as a digital public good (DPG).As a DPG,the registry utilizes open-source programming, allowing countries to reproduce and change the information to their own requirements and contexts.

About National Carbon Registry:
i.The registry follows national and international best practices based on inputs from countries and is a result of ongoing work by the Digital4Climate (D4C) Working Group.

  • D4C includes UNDP, the World Bank, the United Nations Framework Convention on Climate Change (UNFCCC) and the European Bank for Reconstruction and Development (EBRD) among others.

ii.It is designed to be an interoperable digital system that can be combined with national measurement, reporting, and verification (MRV) systems as well as international digital systems such as UNDP’s voluntary cooperation platform and the World Bank’s global platform Climate Action Data Trust (CAD Trust).

  • As a result of this programme, there will be a greater collection of digital public infrastructure to address climate challenges.

iii.The Norwegian Agency for Development Cooperation (Norad) and the Government of Japan contributed to the development of the National Carbon Registry.
Carbon Credit:
i.A carbon credit is the amount of money linked to the reduction, elimination, or avoidance  of greenhouse gas (GHG) emissions, equivalent to one metric ton of carbon dioxide (CO2) or other greenhouse gases.
ii.Carbon finance will be key for the implementation of the NDCs, and the Paris Agreement enables the use of such market mechanisms through Article 6.
Carbon Markets:
Carbon markets are trading platforms where carbon credits are bought and sold. Carbon markets allow companies and individuals to compensate for their greenhouse gas emissions by buying carbon credits from entities that remove or reduce greenhouse gas emissions.
About United Nations Development Programme (UNDP):
Administrator – Achim Steiner
Head Quarters – New York, United States of America (USA)
Established – 1965, began its operations on 1966


ASCI Mandates Finfluencers To Registered With SEBI 
The Advertising Standards Council of India (ASCI) announced that it is mandatory to all finfluencers or finance influencers working in the banking, financial services, and insurance (BFSI) sector offering investment advice to be registered with the Securities and Exchange Board of India (SEBI).

  • The new guidelines are to safeguard consumers from the consequences of advice from non-experts.

New Guidelines:
i.Finfluencers  who have certifications from recognized institutions need to openly share their certified expert status and their credentials.
ii.They should display their registration number along with name and qualifications.
iii.For other financial advice, suitable credentials like a licence from the Insurance Regulatory and Development Authority of India (IRDAI), being a chartered accountant (CA) or holding  a company secretaryship are required.
Other Requirements:
i.All the advertisements they post are labeled with a disclosure that clearly indicates they are advertisements.
ii.They should provide clear and appropriate information about their qualifications and registration particulars on all forms of promotional content.These disclosures need to be visibly displayed on visuals in a noticeable and upfront manner.

  • Video content – they should be displayed clearly on the screen  or spoken as the initial statement.
  • Blogs or text– they should be put at the beginning, so people see them before reading.
  • Podcasts or audio posts – mentioned right at the start of the content.

Who are Finfluencers?
Finfluencers are people with public social media platforms offering advice and sharing personal experiences about money and investment in stocks.
Existing Provision:
The SEBI Act, 1993 and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 forbid certain unfair acts.
Additional Info:
The guidelines of ASCI have been updated for influencers who promote products with health and nutrition claims as well.

  • Influencers endorsing such products should possess appropriate qualifications like medical degrees or certifications in nursing, nutrition, dietetics, physiotherapy or psychology.

YES BANK Introduces Mobile App ‘iris by YES BANK’ 
Yes Bank Limited(Ltd) launched ‘iris by YES BANK , a state-of-the-art mobile banking application which was developed in collaboration with customer feedback.

  •  It is the bank’s first Direct to Consumer platform,allowing new and existing customers to access more than 100 features and services.
  • The app demonstrates the bank’s commitment to fostering a digitally empowered ecosystem and showcases its dedication to delivering top-notch digital solutions.

Key Features:
The unique collaborative mobile app comprises a sleek and intuitive user interface with features such as
opening a savings account,
ii.applying for a Credit Card,
iii.availing instant personal, business and auto loans,
iv.booking recurring and fixed deposits,
v.Customised investment(in mutual fund) & insurance options.
Security Features: The app incorporates security features like Biometric Authentication, Sim-Binding and 2-factor Verification
About YES Bank Limited(Ltd):
Managing Director(MD) & Chief executive Officers (CEO) – Prashant Kumar
Headquarters – Mumbai, Maharashtra
Established in – 2004
Tagline –Experience Our Expertise


HDFC Group launched Life Insurance & Asset Management Services from Gujarat’s GIFT City
HDFC Group launched new life insurance and asset management services at International Financial Services Centre (IFSC) situated in Gujarat International Finance Tec (GIFT) City, Gujarat.This initiative offer services to Non-Resident Indians (NRIs) and the global Indian diaspora.

  • HDFC Life unveils HDFC International Life and Re, and HDFC AMC International (IFSC) Ltd by HDFC Asset Management Company to cater to the financial needs of the worldwide Indian community.

HDFC International Life and Re:
HDFC Life created HDFC International Life and Re to provide specialized insurance solutions.
i.This is offering life and health insurance plans in United States (US) dollars(USD) which aims to make world-class foreign currency denominated insurance solutions available for Non Resident Indians (NRIs) and global Indians.
ii.The first product – US Dollar Global Education Plan– to eliminate any future mismatch between the currency of investment and the currency of expenses.

  • The plan is designed to help parents with a US dollar-denominated corpus to meet future expenses for their child’s overseas education.

HDFC AMC International (IFSC) Limited(Ltd):
i.HDFC Asset Management Company(AMC) established HDFC AMC International (IFSC) Ltd to offer fund management and advisory solutions as part of its offshore hub operations.

  • Indian investment solutions available to global investors and global investment solutions available to resident investors.

ii.The first product – plan to launch six funds – to contribute to various HDFC Mutual Fund schemes, encompassing strategies related to equity and hybrid investments.
About HDFC Life Insurance Company Limited
Managing Director(MD) & Chief executive Officers (CEO) – Vibha Padalkar
Headquarters – Mumbai, Maharashtra
Established in – 2000
About HDFC Asset Management Company Limited:
HDFC AMC was established in 2000 and firm registered with Securities and Exchange Board of India (SEBI).
Joint Venture Formation: In 2001, a strategic joint venture was established between HDFC Limited and abrdn Investment Management Limited (formerly Standard Life Investments Limited).
Managing Director(MD) and Chief Executive Director – Navneet Munot
Headquarters – Mumbai, Maharashtra


Indian Bank Becomes 1st PSB to Extend Online Locker Agreement Through DDE Platform of NeSL
Indian Bank became the First Public Sector Bank (PSB)  to extend facility of execution of on-line locker agreement through Digital Document Execution (DDE) Platform of National E-Governance Services Limited (NeSL), India’s first Information Utility under Insolvency and Bankruptcy Board of India (IBBI).

  • Online locker agreements are available 24/7, improving customer convenience and reduces agreement execution time.

i.DDE is a fully automated contract execution platform with paperless e-stamp and electronic signature (e-Sign) facility. The facility of e-Sign includes Aadhar based (OTP/Biometric) and dongle-based digital signature…Click here for the workflow and benefit of DDE
ii.The platform provides the option for both individual and multiple signatories to execute documents sequentially. This feature enables joint account holders to easily execute locker agreements. Additionally, customers can monitor transaction status and instantly download the Electronic Evidence (65B) certificate.

  • The 65B Certificate is prescribed under Section 65B of the Indian Evidence Act,1872. A 65B Certificate is a certificate submitted to a court in India for the purpose of producing Electronic or Digital Evidence in certain cases.

iii.The end-to-end digital process eliminates the need for physical stamp papers and signatures, making it faster and more efficient.
About Indian Bank
MD & CEO – Shanti Lal Jain
Headquarters – Chennai, Tamil Nadu
Established in – 1907
Tagline – Your own bank


RBI Approves P Seshadri as Next MD & CEO of South Indian Bank
On 17th August 2023, the Reserve Bank of India (RBI) approved the appointment of P Seshadri as the Managing Director (MD) and Chief Executive Officer (CEO) of South Indian Bank for a period of 3 years with effect from 1st October 2023.

  • He is currently mentoring businesses both at an operating level as well as at the board level at various companies.
  • He will replace Murali Ramakrishnan, whose tenure as MD & CEO of South Indian Bank is set to end by 30th September 2023. He has been serving in the post since 2020.

About P Seshadri:
i.He started his banking career with Citibank in early 1992 and served in various capacities including MD of CitiFinancial Consumer Finance India Ltd (CCFIL) and Citi Financial Retail Services India Ltd till 2005.
ii.In 2005, he served as the MDr and regional head of Citibank’s retail banking and lending businesses for the Asia Pacific region in Singapore.
iii.He also held the post of CEO of BFC Bank Limited, London, the United Kingdom (UK).
iv.From 2017 to 2020, he served as MD and CEO of Karur Vysya Bank (KVB).
About South Indian Bank:
MD & CEO– Murali Ramakrishnan
Headquarters– Thrissur, Kerala
Established on– 25 January 1929
Tagline– Experience Next Generation Banking


 India’s 1st Long-Range Side Swing Revolver ‘Prabal’ LaunchedOn 18th August 2023, India’s first long-range side swing revolver ‘Prabal’ with “twice the range of other revolvers”, manufactured by Advanced Weapons and Equipment India Ltd. (AW&EIL), was launched at the Small Arms Factory (SFA) in Kanpur, Uttar Pradesh for civilians and arms dealers.

  • AW&EIL, a Kanpur (Uttar Pradesh) based fully government-owned enterprise ultimate weapon system provider

Features:
i.Prabal revolver is a lightweight .32 caliber ‘side swing’ revolve.

  • Weight: 675 grams (without cartridges).
  • Accuracy: Can hit targets up to 50 meters, double the range of other civilian handguns.
  • Features: Chrome-platted barrel of 76 millimeters length.
  • Dimensions: Overall length of 187.7 millimeters.

ii.The Prabal revolver uses an innovative side-swing mechanism for loading/unloading bullets, replacing the traditional tilting or frame-breaking methods. This side-swing cylinder opening is also lighter by 25 to 50 grams compared to other revolvers.

  • This innovative design element eliminates the need to fold the firearm for cartridge insertion, simplifying the reloading process and enhancing user convenience.

iv.Prabal was tested in temperatures ranging from -30 degrees to 55 degrees and has been launched in the market after 600 rounds of testing.
About Advanced Weapons and Equipment India Ltd. (AW&EIL):
It is a Defence Public Sector Undertaking (DPSU) under the Ministry of Defence, Government of India. It is incorporated under the Companies Act 2013 on 14th August 2021.
Chairman and Managing Director– Rajesh Choudhary
Headquarters– Ordnance Factory Kanpur, Kanpur, Uttar Pradesh
Commenced business on– 1st October 2021


Secong MCA Barge Yard 76 (LSAM 8) Launched at Andhra Pradesh

Commodore G Ravi, Warship Production Superintendent in Visakhapatnam, Andhra Pradesh, inaugurated the second Missile Cum Ammunition (MCA) Barge, known as Yard 76 (LSAM 8).

  • The launch took place at Guttenedevi, East Godavari, Andhra Pradesh, at the manufacturing site of M/s SECON Engineering Projects Pvt Ltd, a Micro-Small-Medium enterprise (MSME) specializing in manufacturing.
  • The contract for constructing 8 MCA Barges was signed with M/s SECON Engineering Projects Pvt Ltd, aligned with the “Aatmanirbhar Bharat” (Self-reliant India) initiatives of the Government of India.

Note: The first MCA Barge, Yard 75 (LSAM 7) was launched by Rear Admiral Sandeep Mehta, Assistant Controller of Warship Production & Acquisition (ACWP&A) on 24th February 2023 at Guttenedevi, Andhra Pradesh.
Key Points:
i.This Barge is the proud flag bearer of the ‘Make in India’ initiative of the Ministry of Defence, GoI, with all major and auxiliary equipment/systems sourced from indigenous manufacturers.
ii.The Barge is designed with a service life of 30 years. The availability of these MCA Barges addresses the evolving operational needs of the Indian Navy (IN).
iii.Its impact on facilitating transportation, embarkation, and disembarkation of essential articles and ammunition to IN Ships both at jetties and outer harbours.


Delhi LG Launches Blockchain Technology for Integration into DFSL E-Forensic App
Vinai Kumar Saxena,Delhi Lieutenant Governor(LG) launched Blockchain Technology in the Inter-Operable Criminal Justice System (ICJS) for electronic-forensic application(e-forensic app) of the Delhi Forensic Science Laboratory (DFSL) and Delhi Police at Raj Niwas, official residence of the LG in Delhi.

  • With this, Delhi FSL will be the first institution of its kind in India to utilize blockchain technology “for transparent and tamper-proof (protected against unauthorized changes) digital evidence recording.”
  • Access will be restricted to authorized individuals in four analysis stages, maintaining data integrity, ensuring transparency, accountability, and enhanced security by preventing any tampering.
  • Integrating Blockchain Technology into DFSL’s e-forensic app guarantees that all physical evidence submitted from the crime scene to the DFSL will remain free of human interaction and tampering.
  • Additionally, this integration will automate the complete forensic workflow, commencing from the police to the FSL.The data entered by the Investigating Officer at the police station level will be transmitted to the FSL disclosing the details such as FIR, name of parties, etc.
  • This technology has the potential to store various documents like land records, birth and death certificates, caste and income certificates in individual digital lockers. It offers limitless capacity and no time constraints on storage duration.

Australian Olympic Swimming Gold Medallist John Devitt Passed AwayAustralian Olympic Swimming Gold Medallist John Thomas Devitt(Aged 86) passed away in Sydney,Australia.He was born in Granville, Australia on February 4, 1937
Medals:
i.John Thomas Devitt totally won two gold, a silver, and a bronze medals in Olympic competition.
ii.He won the gold medal in 1956 Melbourne Olympics in the 100-meter freestyle and a silver medal in the 100 freestyle swimming event.
iii.In The 1960 Rome Olympics,  he won the gold medal in the 4-x-200 freestyle relay team event and a bronze medal in the 4-x-200 relay team event.

  • He was the captain of the Australian swimming team in both the Olympics.

iv.Devitt also won three gold medals at the 1958 Cardiff British Empire and Commonwealth Games in Wales.
Key  Points:
i.He has served as an executive on the Australian Olympic Committee and helped Sydney win the bid for the 2000 Olympics.
ii.Devitt was also the Australian chef de mission for the 2006 Commonwealth Games in Melbourne.
Awards:
i.Devitt was inducted into the Sport Australia Hall of Fame in 1986 and Appointed as a Member of Order of Australia (AM).
ii.He was also bestowed with the Olympic Order by the International Olympic Committee(IOC).
iii.He was awarded Federation Internationale de Natation(FINA’s) highest award – the FINA (World Aquatics) Prize in 1994.


Union Ministers Dharmendra Pradhan and Nirmala Sitharaman Launched Kuwi and Desia books in Odisha

Union Ministers Dharmendra Pradhan, Ministry of Education(MoE) and Ministry of Skill Development and Entrepreneurship(MSDE), and Nirmala Sitharaman, Ministry of Finance and Ministry of Corporate Affairs(MCA) launched 2 books namely “Kuwi Primer” and “Desia Primer” in Kuwi and Desia languages at an event held in Bhubaneswar, Odisha, to simplify primary education for tribal children in Odisha.

  • The event also witnessed the special postal cover release on behalf of the Department of Posts, Ministry of Communications, Government of India (GoI).
  • The event marks a collaborative effort with the Central University of Odisha, Koraput, the Department of Posts, and the National Council of Educational Research and Training (NCERT).

Key Highlights:
i.With more than 62 tribes constituting 23% of Odisha’s population, supporting local culture in education is essential.
ii.In this regard, NCERT, for the first time, in collaboration with the Central University of Odisha, has prepared the 2 books for those children, who are speaking Kuwi and Desia tribal languages in the undivided Koraput district of Odisha.
iii.The step to introduce primers in local languages and dialects is a generational one and will also further enrich the GoI’s vision of ‘Ek Bharat Shrestha Bharat‘ (EBSB).
iv.The National Education Policy (NEP) 2020, a progressive and flexible policy is a result of collective efforts, and extensive consultations, which empowers states to adapt and evolve according to their distinct educational requirements.
Events on Meri Maati Mera Desh:
The Ministers also attended a series of events under the nationwide “Meri Maati Mera Desh” campaign, a tribute to the heroes who have made supreme sacrifices for the country.
i.The Union Ministers visited Sand Art on “Meri Maati Mera Desh” by Padmashri Awardee  Sudarshan Patnaik, a Sand Artist at Puri Beach in Odisha.
ii.Under the ‘Dedication of Shilaphalakam’ (memorial plaques) and ‘Vasudha Vandan initiative of Meri Maati Mera Desh.

  • Vasudha Vandan is to develop the Amrit Vatika‘ by planting 75 saplings of indigenous species.

iii.They also collected soil and rice in ‘Amrit Kalash’ from house to house in Biraharekrushnapur village of Puri district and visited the birthplace of noted Freedom Fighter Saheed Jayee Rajguru to create an Amrit Vatika in Delhi.


World Humanitarian Day 2023 – August 19
The United Nations (UN)’s World Humanitarian Day (WHD) is observed annually on 19th August across the globe to pay tribute to humanitarian people around the world, who have committed their lives in order to support or help others, particularly in times of crisis and conflict.

  • The day is also dedicated to recognise humanitarian people and those who lost their lives working for humanitarian causes.

WHD is a campaign by the United Nations Office for the Coordination of Humanitarian Affairs (OCHA).
Background:
i.On 11th December 2008, the United Nations General Assembly adopted a resolution A/RES/63/139 and proclaimed 19th August of every year as World Humanitarian Day (WHD).
ii.The first World Humanitarian Day was observed on 19th August 2009.
About United Nations Office for the Coordination of Humanitarian Affairs (OCHA):
Under-Secretary-General– Martin Griffiths
Assistant Secretary-General– Joyce Cleopa Msuya Mpanju
Headquarters– Geneva, Switzerland, and New York, the United States of America
Founded on– 19 December 1991


World Photography Day 2023 – August 19
World Photography Day is annually observed on 19th August across the globe to celebrate the art, craft, science, and history of photography. The day also promotes communication between people from different cultures and countries, helping to enrich a sense of global community.

Current Affairs- 19 August 2023

President Droupadi Murmu visit WB; Inaugurated INS Vindhyagiri & ‘My Bengal, Addiction-Free Bengal’ campaigni.On 17th August 2023, Droupadi Murmu, President of India, visited West Bengal(WB). This mark’s her 2nd visit to West Bengal as President of India.
ii.The President inaugurated Indian Naval Ship (INS) Vindhyagiri, the sixth ship of project 17A of Indian Navy (IN) at Garden Reach Shipbuilders Engineers (GRSE) Limited facility on the banks of Hooghly river in Kolkata, WB.
iii.The President launched ‘My Bengal, Addiction Free Bengal’ Campaign under the ‘Nasha Mukt Bharat Abhiyan‘, organized by Brahma Kumaris at Raj Bhavan, Kolkata. It aims to address the drug abuse issue in society and India.
About Garden Reach Shipbuilders Engineers (GRSE) Limited:
Chairman & Managing Director– Cmde PR Hari
Headquarters– Kolkata, West Bengal
Parent Ministry– Ministry of Defence


India Signs MoU with Trinidad and Tobago for Sharing ‘India Stack’On 17th August 2023, India and Trinidad and Tobago (T&T) signed a Memorandum of Understanding (MoU) on sharing of ‘India Stack‘, a collection of open Application Programming Interfaces (APIs), and Digital Public Goods(DPGs) that aim to facilitate identity, data, and payment services on a large scale.

  • Under this MoU, Both India and T&T have agreed to collaborate in the areas of digital transformation by means of capacity building, training programmes, exchange of best practices, exchange of public officials and experts, and development of pilot or demo solutions, among others.

Key People:
The MoU was signed in the presence of officials from the Ministry of Electronics and Information Technology (MeitY), the National E-Governance Division, MeitY, and also from the Ministry of External Affairs(MEA).
Background:
The MoU was signed following a meeting between Rajeev Chandrasekhar, Minister of State (MoS) MeitY & Ministry of Skill Development and Entrepreneurship(MSDE), and Hassel Bacchus, a Senator and Minister of Public Administration and Digital Transformation, T&T.
Purpose of APIs:
The collection of APIs in the India Stack serves as the foundation upon which external entities can construct software that taps into government identification, payment networks, and data repositories.
Key Points:
i.In the meeting, they explored opportunities for collaborative efforts in areas like IT, emerging technologies, and the India stack.
ii.Since June 2023, India have signed MoUs with countries like Armenia, Sierra Leone, Suriname, and Antigua & Barbuda to facilitate the sharing of India Stack.

  • Countries like Mauritius and Saudi Arabia have also expressed interest and are at the advanced stages of finalising cooperation on India Stack. A similar MoU was signed with Papua New Guinea in July 2023.

iii.India Stack presents a transformative opportunity for countries aiming for accepting digitalisation and it can stimulate economic growth and streamline governance.
iv.It shall create a robust ecosystem of startups, developers & system integrators working around it on Next-Gen (Generation) innovations.
v.The Unified Payments Interface (UPI), which is an integral part of the India Stack, has gained recognition beyond India’s borders and has been accepted by countries including France, United Arab Emirates (UAE), Singapore, and Sri Lanka, further solidifying the global acceptance and relevance of India’s digital innovations.
About Trinidad and Tobago (T&T):
Capital– Port of Spain
Prime Minister– Keith Christopher Rowley
Currency– Trinidad & Tobago Dollar (TTD)


CWC Chairman Kushvinder Vohra launches FloodWatch App for Real-Time Flood ForecastsKushvinder Vohra, Chairman of the Central Water Commission (CWC), launched FloodWatch, a mobile application to provide real-time flood information and forecasts for up to 7 days to the general public by using mobile phones.

  • This initiative is an innovative solution to enhance flood information dissemination and preparedness.
  • FloodWatch, developed by the CWC, is a user-friendly app which offers both readable and audio broadcast.
  • It presents information in 2 languages: English and Hindi.

Features:
i.A key feature of the app includes real-time flood monitoring where users can stay updated about the current flood situations throughout India.
ii.The app utilizes data about near real-time river flow that is updated almost in real-time from various sources.
iii.It also provides flood forecasts for the nearest location to the users. By visiting the Home Page, users can easily access flood advisories for the station closest to them.
iv.Other features include the Interactive Map, which allows users to check either the CWC Flood Forecast (up to 24 hours) or the Flood Advisory (up to 7 days) by directly selecting a station on the map.

  • In an alternate way, users can search for the name of a specific station using the search box. Once a station is chosen from the dropdown menu, the map zooms in on its location.

v.The app also provides State-wise and Basin-wise Flood Forecasts (up to 24 hours) or Flood Advisories (up to 7 days). This information can be accessed by selecting specific stations, states, or basins from the dropdown menu.
Indications:
i.The app has a map of India with coloured circles at water stations across India and the current risk of flooding.
ii.A ‘Green’ circle indicates ‘Normal’; Yellow, Above Normal; Orange, ‘Severe’ and Red, ‘Extreme’.
iii.Clicking on a circle provides the current water level at the station, the display includes the highest water level ever recorded at the station and clearly depicts the danger level, and the warning level.
About Central Water Commission(CWC):
CWC, formerly known as Central Waterways, Irrigation and Navigation Commission (CWINC), is an attached office of the Ministry of Jal Shakti, under the Department of Water Resources, River Development (RD), and Ganga Rejuvenation (GR).
Chairman– Kushvinder Vohra
Headquarters– New Delhi, Delhi
Established in 1945


IAF To Host Mega Multilateral Air Exercise ‘Tarang Shakti in Mid-2024
The Indian Air Force (IAF), the air arm of the Indian Armed Forces, is set to host a mega multilateral military exercise in mid of 2024. It was initially scheduled for October-November 2023.

  • The exercise, named Tarang Shakti, is scheduled to be the largest air exercise ever conducted in India and will be its 1st edition.

i.The exercise is anticipated to involve approximately 12 air forces, with a primary emphasis on enhancing military cooperation and interoperability.
ii.Participating air forces from countries including France, the United Kingdom (UK), Australia, the United States(US), and Japan are expected to take part.
iii.Additionally, six other nations have been invited to observe the exercise.
iv.In April- May 2023, India participated in notable international air exercises.

  • Indian Air Force dispatched four Rafale planes, two C-17 aircraft, and two IL-78 mid-air refuelers to France’s Mont-de-Marsan military base for a nearly three-week international air exercise ‘Orion’.
  • The sixth edition of Cope India-2023, a joint Air Exercise between the Indian Air Force (IAF) and the United States Air Force (USAF).The exercise took place at Air Force Stations Kalaikunda,Panagarh of West Bengal, and Agra,Uttar Pradesh.
  • The rescheduling of Tarang Shakti is due to the unavailability of participating nations as they are engaged in several other exercises.

India Hands Over maritime surveillance Dornier aircraft to Sri Lanka On August 16, 2023, India presented the Indian Navy’s Dornier 228 maritime surveillance aircraft to the Sri Lanka Air Force(SALF) at the event in Katunayake SLAF Base, Colombo, SriLanka.

  • On the occasion of India’s 77th Independce day celebration,the high commissioner of India, Gopal Baglay ceremonially handed over the aircraft to Mr. Sagala Ratnayaka, the Chief of Staff and Senior Adviser to the President on National Security.

Note:
i.This marks the second Dornier aircraft provided to SLAF through a grant from the Indian Government.
ii.The arrival of this aircraft is under a turnaround of the earlier aircraft provided by India to Sri Lanka in 2022.

  • This replaces the 1st Dornier aircraft, which served for a year and was returned to India for maintenance.

Background:
i.In 2018, Sri Lanka Requested for India for 2 Dornier Reconnaissance Aircraft to enhance the maritime surveillance capabilities of Sri Lanka.
ii.Following the request, India decided to provide a Donier-228, which was a part of the Indian Navy’s fleet, to Sri Lanka free of cost for a span of 2 years.

  • In August 2022, India handed over the first Dornier 228 maritime surveillance aircraft of the SALF.

About Dornier 228:
i.The 19-seater Dornier 228 aircraft is a highly versatile multi-purpose light transport aircraft.
ii.Dornier 228 was designed and manufactured for the first time by Dornier GmbH (a German aircraft manufacturer).

  • Following the transfer of technology from the German corporation, HAL began manufacturing at its transport aircraft division in Kanpur after obtaining a product licence.

iii.Features:The Dornier aircraft equipped with advanced sensor to tackle common security challenges in the region such as Drug & Human Trafficking, Smuggling and Search & Rescue.

  • It also empowers Sri Lanka to safeguard its Exclusive Economic Zone (EEZ) from maritime threats.

About Sri Lanka:
President – Ranil Wickremesinghe
Capital – Colombo (executive and judicial capital); Sri Jayawardenepura kotte (legislative capital)
Currency – Sri Lankan Rupee


RBI selects McKinsey and Accenture to use AI & ML To Improve Regulatory SupervisionReserve Bank of India(RBI) awarded the contract worth Rs. 91 Crores to McKinsey and Company India LLP (Limited Liable Partnership) and Accenture Solutions Private Limited India for the use of advanced analytics, artificial intelligence(AI) and machine learning(ML) to analyse its huge database and improve regulatory supervision over banks and Non Banking Financial Services(NBFCs).

  • AI and ML technologies are used for real-time data reporting, effective data management and dissemination.

Background:
In September 2022,  Expressions of Interest (EoI) were sought by the RBI with regards to the engagement of consultants specialising in advanced analytics, artificial intelligence, and machine learning.

  • RBI has shortlisted seven applicants for participation in the Request For Proposal (RFP). Out of which only two firms were selected.

Department of Supervision:

  • The Department of Supervision in RBI  is  developing and using linear and a few machine-learnt models for supervisory examinations.
  • It carries out the responsibility of overseeing all scheduled commercial banks (excluding Regional Rural Banks), Local Area Banks, Payments Banks, Small Finance Banks, Credit Information Companies, Primary Urban Cooperative Banks, NBFCs, Asset Reconstruction Companies, Factoring companies, and All India Financial Institutions (AIFIs). 

Additional Info:
Globally, regulatory and supervisory bodies are employing machine learning methods (often termed suptech and regtech) to aid in their supervisory and regulatory tasks.


RBI launches pilot for ‘Public Tech Platform for Frictionless Credit; Launches centralised web portal ‘UDGAM’ for Unclaimed Depositsi.On August 17, 2023, the Reserve Bank of India (RBI) commenced its digital lending pilot project for Public Tech Platform for Frictionless Credit which is developed by Reserve Bank Innovation Hub (RBIH), a wholly owned subsidiary of RBI.
ii.The Public Tech Platform aims to streamline the credit provision process by effortlessly transmitting crucial digital data to lenders.
iii.RBI Governor Shaktikanta Das introduced a centralized web portal called “उद्गम UDGAM” (Unclaimed Deposits – Gateway to Access inforMation) to simplify the process for the public to locate their unclaimed deposits in various banks through a single platform.
About Reserve Bank of India (RBI):
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
Deputy Governors– Swaminathan Janakiraman, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
Headquarters– Mumbai, Maharashtra

Bank of Maharashtra Tops List of PSU lenders chart in Q1 in Loan, Deposit Growth Bank of Maharashtra (BoM), an Indian Public Sector Bank(PSB), has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage during the first Quarter (Q1) of the current financial year (FY24).

  • Its deposit and advances recorded around 25% rise, the highest by any PSB, during the April-June quarter.
  • According to the recently published quarterly data of PSBs, BoM’s gross domestic advances surged by 24.98%, reaching a total of Rs. 1,75,676 crore at the end of June 2023.

Top 5:
i.BoM was followed by UCO Bank with a growth rate of 20.70% in the 2nd spot.
ii.Bank of Baroda (BoBwith 16.80% and Indian Overseas Bank (IOB) with 16.21% growth rates are at 3rd and 4th spots, respectively.
iii.India’s largest lender State Bank of India (SBI) stood at the 5th spot with a 15.08% rise in domestic advances growth.
Key Points:
i.SBI’s total loans were about 16 times higher at Rs. 28,20,433 crore, as compared to Rs. 1,75,676 crore of BoM in absolute terms.
ii.In terms of Retail-Agriculture-MSME (Micro, Small, and Medium Enterprises) loans (RAM loans), BoM has the highest growth of 25.44% followed by Punjab & Sind Bank with 19.64% and Punjab National Bank (PNB) at 19.41% on Year-on-Year basis.
Highlights:
i.In the domain of deposit growth, BoM has marked a significant growth of 24.73% and mobilised Rs. 2,44,365 crore at the end of June 2023.

  • BoB holds the 2nd place with a 15.50% growth in deposits (Rs. 10,50,306 crore), while PNB recorded a 13.66% rise at Rs. 12,67,002 crore.

ii.With regard to low-cost Current Account and Savings Account (CASA) deposits, BoM retained the top position with 50.97% followed by the Central Bank of India (CBI) at 49.56%.
iii.BoM’s total business also recorded the highest growth of 24.84% at Rs. 420,041 crores, followed by BoB at 16.10% at Rs. 18,62,932 crore at the end of June 2023.
About Bank of Maharashtra (BoM):
Managing Director (MD) & Chief Executive Officer (CEO)– A S Rajeev
Headquarters– Pune, Maharashtra
Established on– 16 September 1935
Tagline– Ek Parivaar, Ek Bank (One Family One Bank)


Axis Bank Partners with RBIH To Launch KCC & MSME loans Powered By PTPFCAxis Bank Limited has launched two new financial products, Kisan Credit Card (KCC) and unsecured Micro, Small and Medium Enterprises (MSME) loans powered by Public Tech Platform for Frictionless Credit (PTPFC), an initiate of Reserve Bank Innovation Hub (RBIH),  wholly owned subsidiary of the Reserve Bank of India(RBI).
Features:
i.On Pilot basis, the Kisan Credit Cards(KCC) will be introduced in Madhya Pradesh(MP).
Customers can access these cards for amounts up to Rs. 1.6 lakhs.
ii.MSME loans will be made available across India, and this will offer loans up to Rs 10 lakh to customers.
iii.Both the products will be of fully digital process and require no paper works.
About PTPFC:
i.PTPFC can be used  to obtain the necessary data for evaluating loans from trusted sources, all while ensuring complete customer consent and security.
ii.This platform will increase the efficiency of the lending process by reduction of costs, quicker disbursement, and scalability.
PTPFC & Axis Bank:
During the trial phase, Axis Bank will use the PTPFC to securely access customer data.

  • This will involve activities like confirming Permanent Account Number (PAN) details, using Aadhaar electronic Know Your Customer (eKYC), gathering data from Account Aggregators, checking land records, and using the penny drop service to verify bank accounts.

About Axis Bank Limited:
Managing Director(MD) & Chief Executive Officer(CEO) – Amitabh Chaudhry
Headquarters – Mumbai, Maharashtra
Established in – 1993
Tagline – Badhti Ka Naam Zindagi
About Reserve Bank Innovation Hub (RBIH)
Chief Executive Officer (CEO) – Rajesh Bansal
Headquarters – Bengaluru, Karnataka
Established in – 2022


IndusInd Bank Launches Visa Multi-Branded Credit Card with Qatar Airways & British AirwaysIndusInd Bank Limited launched first-of-its-kind Visa multi-branded credit card “IndusInd Bank Avios Visa Infinite Credit Card” in partnership with British Airways Executive Club and Qatar Airways Privilege Club.

  • This card aims to offer best-in-class rewards and benefits to customers, across travel, wellness and lifestyle experiences.
  • Avios, the rewards currency for British Airways Executive Club and Qatar Airways Privilege Club which can be used for travel rewards, including hotels and car hire.

About IndusInd Bank Avios Visa Infinite Credit Card:
i.The IndusInd Bank Avios Visa Infinite Credit Card is an ultra-premium metal card with an innovative, sleek design.
ii.The chip-based contactless credit card will enable swift, convenient, and secure transactions for your daily purchases.
Benefits:
i.The card offers flexibility to choose your preferred airline loyalty programme partner (Qatar or British Airways) and select preferred international destination to maximise benefits.
ii.Complimentary Gold membership tier awarded by Qatar Airways.
iii.Airport Meet & Greet Immigration Services at leading international airports.
Other benefits: 
The cardholders are also entitled for other benefits such as dedicated concierge, elderly care assist, international travel health insurance and discounted foreign currency markup at preferred international destinations.
Additional Info:
The British Airways is a member of  oneworld Alliance, a premier airline alliance which aims to deliver a superior, seamless travel experience, with special privileges and rewards for frequent flyers.
About IndusInd Bank Limited(Ltd):
Managing Director(MD) & Chief Executive Officer(CEO) – Sumant Kathpalia
Headquarters – Mumbai, Maharashtra
Established in – 1994
Tagline – We Make You Feel Richer


Indian Bank Starts Specialised Startup Cells in 10 Cities across India
Indian Bank, a Public Sector Undertaking (PSU) bank headquartered in Chennai, Tamil Nadu, has established 10 start-up cells across various cities in the country to mark its 117th foundation day (15 August 1907). These cells aim to cater to specialized banking needs and promote the growth of the startup ecosystem in India.

  • The start-up cells have been set up in Ahmedabad in Gujarat, Bengaluru in Karnataka, Coimbatore & Chennai in Tamil Nadu, New Delhi in Delhi, Gurgaon in Haryana, Guwahati in Assam, Hyderabad in Telangana , Kanpur in UttarPradesh, and Mumbai in Maharashtra.
  • As part of the initiative, the bank has developed a range of tailor-made(customized) banking products and services specifically designed for startups, taking into consideration their distinct and specialized banking needs.
  • It includes offering payment gateways, corporate credit cards, and credit facilities apart from the existing products of the bank.
  • Managing Director (MD) and Chief Executive Officer(CEO) of Indian bank is Shanti Lal Jain.

Crisil projects Indian economy to grow at 6in FY24On August 16, 2023, Crisil, a global analytics company, has estimated that the Indian economy will experience a growth rate of 6% during FY24, a decline from the 7.2% growth achieved in FY23.
Key Points:
i.The report stated that the global economic slowdown is expected as a result of rising interest rates and the exports may continue to be a drag on industrial output.
ii.It also stated that the monsoon will have a significant impact on industrial prospects through effects on inflation and rural demand.

  • Crisil also noted that the monsoon has weakened, with all India rainfall turning deficient at 5% below long period average (LPA) as on 15th August 2023.
  • This also highlighted that El Nino which will determine the rainfall pattern has set in as expected.

Key Highlights:
i.Retail inflation in India escalated to 7.44% in July of the current year, surpassing the upper tolerance level set by the Reserve Bank of India (RBI) i.e. 2-6%.
ii.The notable surge in food inflation to 11.5% in July, up from 4.5% in June and 3% in May, can be attributed to accelerating inflation rates in vegetables, cereals, pulses, spices, and milk.

  • This marks the highest food inflation rate since April 2020.

Parminder Chopra Becomes Full-Time CMD of Power Finance Corp. Ltd
With the approval of Appointments Committee of the Cabinet (ACC), the Power Finance Corporation Limited (PFC) has appointed Parminder Chopra as its first woman full-time Chairman and Managing Director (CMD) with effective from (w.e.f) 14th August, 2023. The Ministry of Power has approved Chopra’s appointment “till the date of her superannuation (April 30, 2027) or until further orders.

  • Power Finance Corporation Limited (PFC) is the India’s largest non-banking financial company (NBFC) and a Maharatna, Central Public Sector Undertaking(CPSU) under the Ministry of Power.

Responsiblities of Parminder Chopra:
i.Previously, she was holding the additional charge of Chairman and Managing Director (CMD) of PFC, w.e.f  01.06.2023 and was Director (Finance), PFC since 01.07.2020.
ii.She succeeded Ravinder Singh Dhillon as CMD(additional charge) of PFC, who retired on 31st May 2023.
iii. As Director of Finance, she led the Finance Division, achieving record-high Net Profit, Net Worth. This exceptional financial performance played a key role in PFC attaining “Maharatna” status.
iv.She had done major role in the successful execution of INR 1.12 trillion Liquidity Infusion Scheme (LIS) for the power distribution sector. This initiative was a crucial component of the Atmanirbhar Bharat campaign launched by the Government of India.
v.She will remain actively involved in supporting the implementation of important power sector initiatives by the Government of India, including the Revamped Distribution Sector Scheme (RDSS) and the Late Payment Surcharge (LPS) rules.
vi.She had a previous experience including service in prominent power sector majors like NHPC Limited (erstwhile National Hydroelectric Power Corporation), and Power Grid Corporation of India Limited(POWERGRID), a Schedule ‘A’, ‘Maharatna’ Public Sector Enterprise of Govt. of India.

  • Chopra had joined PFC in 2005, and was working as executive director (finance).

Awards 

  • In the year 2023, Smt. Parminder Chopra has been honored with the esteemed ‘Icon of the Year’ award by the Institute of Cost Accountants of India.
  • She has also been conferred with the “Finance Leader of the Year” Award for her outstanding contributions to the finance industry.

Agnikul Cosmos Begins Integration Process of its First Launch Vehicle Agnibaan SOrTeD from SriharikotaOn 15th August 2023, Agnikul Cosmos Private Ltd, a space-tech start-up, commenced the process of integration of its first state-of-the-art launch vehicle, Agnibaan SOrTeD (Sub-Orbital Technological Demonstrator), with its exclusive private launchpad at Satish Dhawan Space Centre (SDSC) SHAR (formerly Sriharikota Range) at Sriharikota, Andhra Pradesh(AP).

  • The integration process is the significant step taken by the Agnikul Cosmos, toward its first controlled sub-orbital flight, which brings Agnikul closer to fulfilling its vision of delivering reliable and affordable access to space.

Note: In December 2020, Agnikul became the 1st Indian company to sign an agreement with Indian Space Research Organisation (ISRO) to get access to ISRO’s expertise and facilities to build Agnibaan and its launchpad.
Agnibaan SOrTeD:
i.Agnibaan SOrTeD is a single-stage launch vehicle powered by Agnikul’s patented Agnilet engine, a fully 3D-printed, single-piece, 6 kilonewton (kN) semi-cryogenic engine.
ii.Diverging from conventional sounding rockets launched from guide rails, Agnibaan SOrTeD will initiate vertical liftoff and follow a predefined trajectory while executing precisely arranged maneuvers during its flight.
iii.The rocket is equipped to haul payloads of up to 100 kilos to a 700 kilometers distance in Low-Earth-Orbit (LEO) and has been praised for its ‘plug-and-play’ design, which allows for accurate mission configuration.
iv.Agnikul’s flight events have been designated to validate key technologies integral to the success of its upcoming orbital flights as Agnikul is on its path toward its inaugural controlled flight in the upcoming weeks.
Note: On 25th November 2022, Agnikul inaugurated India’s first private launchpad, Agnikul Launchpad (ALP), and Mission Control Center (Agnikul Mission Control Center (AMCC)) at SDSC. This facility serves as the base for Agnikul’s future suborbital and orbital missions.
Key Points:
i.This suborbital mission serves as a validation of Agnikul’s proprietary autopilot, navigation, and guidance algorithms. It also serves as a crucial trial for gauging the launchpad’s preparedness for more ambitious undertakings.
ii.AgniKul, assisted by the Indian Space Research Organisation (ISRO) and IN-SPACe, the promotion and regulation body has ideated and built the launchpad.
iii.The launchpad and the mission control center are separated by 4 kilometers, and equipped with state-of-the-art technology to ensure independent and uninterrupted operations during the mission countdown.
iv.A successful launch would make AgniKul the 2nd Indian space tech start-up to send its launch vehicle into space after Skyroot Aerospace, which launched its rocket Vikram-Sarabhai (Vikram-S) in 2022.
About AgniKul Cosmos Private Limited:
AgniKul Cosmos is an Indian aerospace manufacturer based in National Center for Combustion Research & Development (R&D) (NCRD) of Indian Institute of Technology Madras(IIT Madras), Chennai, Tamil Nadu(TN).
Chief Executive Officer (CEO) & Co-founder– Srinath Ravichandran
Headquarters– Chennai, Tamil Nadu
Established in– 2017


Highlights:India Tour of West Indies and United States of AmericaIndian Men’s Cricket team toured West Indies and United States of America for 2-Test matches, 3-One-Day Internationals(ODI) and  5-Twenty 20 Internationals(T20I) against the West Indies cricket team from 12th July to 13th August 2023.
i.India won the two-match Test series against West Indies 1-0 after the rain drew the second Test at the Queen Park Oval, Port of Spain in Trinidad.
ii.India also won ODI series 2-1 against West Indies and West Indies won T20I series 3-2 against India.
About the Board of Control for Cricket in India(BCCI):
President – Roger Binny
Head Quarters – Mumbai, Maharashtra
Established – 1928


NEHHDC & Tide Signed MoU to Digitise Handloom and Handicraft Sector in Northeast India
Tide Platform Limited (Tide), a London, United Kingdom(UK)-based Small and Medium-Sized Enterprise (SME) focused financial platform, signed a Memorandum of Understanding (MoU) with North Eastern Handicrafts and Handlooms Development Corporation (NEHHDC) to empower digitisation of the handloom and handicraft sector in northeast India.

Current Affairs – 18 August 2023

Cabinet Approvals on August 16, 2023On August 16, 2023, the Union Cabinet Chaired by the Prime Minister (PM) Narendra Modi has approved the following proposals:
i.CCEA approves seven multi-tracking projects of Indian Railways with an outlay of Rs 32,500 crore. These projects are fully funded by the Central Government.
ii.The Union Cabinet has approved the ‘Vishwakarma Yojana’ to benefit individuals skilled in traditional craftsmanship/artisan works.
iii.The Union Cabinet also approved extension of Digital India project with an outlay of Rs 14,903 crore.
iv.The Central Government has approved Rs 20,000 crore project for the construction of five Fleet Support Vessels (FSVs) for Indian Navy (IN). These will be manufactured by the Visakhapatnam (AP)-based Hindustan Shipyards Limited (HSL).
v.The Union Cabinet approved the bus scheme ‘PM-eBus Sewa’ for augmenting city bus operation by 10,000 e-buses (electric buses) on Public Private Partnership (PPP) model.
vi.The Union Cabinet has approved the signing and ratification of the Mutual Recognition Arrangement (MRA) between the Central Board of Indirect taxes and Customs (CBIC), Department of Revenue, Government of India, and the Department of Home Affairs, Australian Border Force, Australian Government.
vii.The Union Cabinet has approved the Memorandum of Understanding (MoU) on Cooperation in Sports between the Ministry of Youth Affairs & Sports (MoYAS), India; and the Department of Health and Aged Care of the Government of Australia.
viii.The Union Cabinet has also given its approval for the MoU between India and Suriname on Cooperation in the field of health and medicine or medical product regulation.
About Suriname:
Capital– Paramaribo
Currency– Suriname Dollar
President– Chandrikapersad “Chan” Santokh


TN to set up India’s 1st UAS common testing Centre under DTIS in KanchipuramTamil Nadu (TN) is set to establish India’s first Common Testing Centre for Unmanned Aerial Systems (UAS) (drones) under the Defence Testing Infrastructure Scheme (DTIS). The centre will be established at a cost of Rs 45 crore over an area of 2.3 acres at the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) Industrial Park, Vallam Vadagal near Sriperumbudur in Kanchipuram district, TN.

  • It would be established by the Tamil Nadu Industrial Development Corporation (TIDCO), which is the nodal agency for implementing the Tamil Nadu Defence Industrial Corridor (TNDIC), which aims to provide an ecosystem for the aerospace and defence industry in the region.
  • The Centre will enable TN to become a significant contributor to the Self-reliance of India in the aerospace & defence sector.

Background:
i.At present, the lack of common test centres that can support the Aerospace and Defence Standards outside Defence Public Sector Undertakings (DPSU)/Defence Research and Development Organisation (DRDO) represents a barrier to entry for many oganisations.
ii.To address this issue, TIDCO has initiated the process of setting up test centres for multiple sub-domains, including UAS.
iii.For setting up such a Common Testing Centre, TIDCO has floated a Request for Proposal (RFP) for identifying industrial partners, to establish the centre as a joint venture (JV), in accordance with the guidelines of the DTI Scheme..
iv.A consortium of companies comprising Keltron, Sense Image Technologies, Standards Testing and Compliance, and Avishka Retailers was selected to partner with TIDCO in establishing the facility.

  • They were chosen based on their response to a transparent bidding process.

Key Points:
i.This testing centre will enable Tamil Nadu to become a preferred destination for aerospace and defence companies to set up their Indian operations.
ii.As part of the implementation of the TNDIC, the government of Tamil Nadu has adopted a multi-pronged strategy, and one of them is the creation of an enabling ecosystem including Common Testing Centres for the Aerospace and Defence Industry.
iii.Currently, the testing for UAS (Drones) is conducted component-wise at different centres, resulting in reduced organisational efficiency and escalating costs.
Note: DRDO’s integrated facility in Chitradurga, Karnataka is exclusively reserved for DRDO’s use.
About Tamil Nadu:
Chief Minister– M. K. Stalin
Governor– R. N. Ravi
Airport– Madurai International Airport, Tuticorin Airport or Thoothukudi Airport


DGCA forms a 4-Member Committee to Ensure Gender Equality in Civil Aviation SectorThe Directorate General of Civil Aviation (DGCA), a Civil aviation regulator has set up a 4-member committee namely, R P Kashyap, Director (Training); Survita Saxena, Director (Operations); Pavan Malviya, Deputy Director (Administration); and Kavita Singh, Deputy Director (Aircraft Engineering Directorate), to provide suggestions for achieving gender equality in the aviation sector in India.

  • The committee is expected to formulate norms and submit them to DGCA, which the civil aviation regulator will further circulate among aviation stakeholders to adopt and bring into practice for gender equality.
  • The deadline for the committee to submit its report/recommendation is six months from the date of its constitution.

Objective:
The initiative aligns with the commitment of International Civil Aviation Organisations (ICAO), to promote the participation of women and achieve an aspirational goal, for a balanced ratio of 50-50 (women to men) by 2030 at all professional and higher levels of employment in the global aviation sector.
Key Points:
i.India stands out with 15% of women pilots globally. This achievement is noteworthy but emphasises the need for more progress, true gender equality in the pilot community remains an aspiration.
ii.Achieving gender equality, involves various stakeholders, including airlines, airports, ground handlers, Maintenance, Repair, and Overhaul (MRO) services, as well as support services.
iii.The scope of this initiative should also encompass immigration processes, the Bureau of Civil Aviation Security (BCAS), customs, and Air Traffic Control (ATC) departments, where women’s representation remains notably low.
Analysis:
i.A report titled ‘Gender Diversity and Corporate Performance in Aviation‘ by CAPA Centre for Aviation, consulting & research firm in May 2022, revealed that the share of women on boards in India’s aviation sector stood at 19%.

  • Among the 15 countries assessed, France stands out with the highest gender diversity of 49% representation of women on boards.

ii.The report also stated that although female participation in the labour force is relatively low across the world, India lags way behind many other countries.
Note: CAPA, Centre for Aviation, established in 1990 is one of the world’s most trusted sources of market intelligence for the aviation and travel industry.


Nehru Memorial Museum Has Been Renamed as The Prime Ministers’ Museum
The Nehru Memorial Museum and Library (NMML) has officially been renamed as the Prime Ministers’ Museum and Library (PMML) Society with effective from August 14, 2023.It is located within the Teen Murti House complex at New Delhi, Delhi.This institution operates independently under the India Ministry of Culture.

  • It was established in 1964 after the death of India’s first prime minister, Jawaharlal Nehru who had spent his lifetime in his official residence for 16 years until his demise on May 27,1964.
  • This renaming reflects motive of expanding the society’s focus beyond its previous associations to Jawaharlal Nehru and aims to foster a more comprehensive understanding of all the prime ministers of India and their invaluable contributions to the nation.
  • The decision to change the name was taken in June 2023 in a meeting of the NMML Society. It was chaired by Defence Minister Rajnath Singh, who is the vice president of the society. This project was approved by Executive Council, NMML in its 162nd meeting held in November 2016.
  • Shri Nripendra Misra is the chairman of the Executive council of the Nehru Memorial Museum and Library (NMML)

Note – Prime Minister Narendra Modi inaugurated the Pradhanmantri Sangrahalaya in April 2022, stands as a homage to every prime minister of the Republic of India post-Independence, encapsulating their individual contributions to our nation’s progress during the past 75 years.


Union Minister Parshottam Rupala UnveileA-HELP’ Programme in Gujarat
Union Minister for Fisheries, Animal Husbandry and Dairying, Shri Parshottam Rupala has unveiled the ‘A-HELP’ (Accredited Agent for Health and Extension of Livestock Production) programme under the Azadi Ka Amrit Mahotsav, along with an Infertility Camp in Gujarat.The Department of Animal Husbandry and Dairying, Government of India, is spearheading these initiatives as part of the Pashudhan Jagrati Abhiyaan under Inclusive Development.

  • The ‘A-HELP’ program is designed to empower women through their participation as skilled agents, making substantial contributions to disease control, artificial insemination as part of the Rashtriya Gokul Mission (RGM), animal tagging, and livestock insurance.
  • It marks a significant stride towards empowering women, enhancing livestock productivity, and advancing the socio-economic landscape of the region.
  • Prime Minister (PM) Shri Narendra Modi launched nine campaigns under the theme Inclusive Development as part of Azadi Ka Amrit Mahotsav on the 24th April 2023 during the National Panchayati Raj Day at Rewa, Madhya Pradesh. The PM also launched the Website and Mobile App “Samaveshi Vikaas” on the same day.The nation will observe Azadi Ka Amrit Mahotsav (AKAM) till August, 2023.

MeitY Secretary Alkesh Kumar Sharma Launches The ‘GrapheneAurora Program’
Ministry of Electronics & Information Technology (MeitYSecretary Shri Alkesh Kumar Sharma launched the ‘Graphene-Aurora program’ at a function in Maker Village Kochi, Kerala.The program aims to bridge the gap between research & development and its commercialization, using the India Innovation Centre Graphene (IICG) centers in Kochi.

  • The program has been allocated a total budget of Rs 94.85 Crore, with significant participation from industry partners, including Carborundum Pvt Limited.
  • Digital University Kerala will execute the program in collaboration with joint funding from MeitY, the Government of India, the Government of Kerala, and industry partners.
  • MeitY Secretary Alkesh Kumar Sharma announced the establishment of a section 8 company named ‘India Graphene Engineering and Innovation Centre (I-GEIC).‘ This not-for-profit entity will be created, and its initial operations will commence at the newly inaugurated Government of Kerala facility situated in Digital Science Park, Trivandrum.

ADB Supports ECD & Maternal Mental Health in MeghalayaThe Asian Development Bank (ADB) has approved a USD 40.5 million loan for an integrated project focussing on Early Childhood Development (ECD) and Maternal Mental Health in Meghalaya. The Government of Meghalaya is contributing USD 15.27 million to the project.

  • This initiative attempts to focus on daycare centers known as Anganwadi centers (AWC), aiming to enhance access to nurturing care including crucial elements such as maternal mental health support and inclusive group-based parenting programs involving fathers.
  • The project is initiated to strengthen home-based childcare for children aged 0–1.5 years and center-based childcare for those aged 1.5–6 years.

Background:
i.Meghalaya has launched a project called Meghalaya Early Childhood Development Mission (MECDM) on 8th June 2022, to address the low-performing indicators related to ECD and ensure that every child can reach his or her potential.
ii.This Mission is part of Meghalaya’s long-term strategy to bring about actual impactful changes in Meghalaya. It is a unique intervention of Meghalaya and for all of India, aimed at the overall welfare of children from conception until 8 years of age.
About the Project:
i.The ADB-supported project will upgrade 1,800 AWCs and construct around 600 new AWCs in remote and challenging areas with climate-resilient designs.
ii.These AWCs will serve as daycare centers, and staff will be extended with a new ECD educator who will help extend center-based childcare services to children 1.5–3 years of age, in addition to children 3-6 years of age.
iii.A new state resource center for the developing child will be also established to serve as a center of excellence for ECD services.
iv.ADB is set to conduct a first-of-its-kind evaluation to assess the potential to revolutionise ECD interventions in Lower Middle-Income Countries (LMIC) and play a pivotal role in shaping both national and global childcare policies.
Funding Assistance:
Japan Fund for Prosperous and Resilient Asia and the Pacific (JFPR) will grant USD 2 million in technical assistance to help develop guidelines and training curricula for AWC staff and ECD educators.
Key Points:
i.The assistance of ADB will enhance nutrient adequacy by introducing eggs to the diet of pregnant and lactating women, and children 0.5–6 years of age.
ii.As one of several climate-resilient features, the project will also help establish nutrition gardens at AWC for improved diet diversity and nutrition security.
iii.The initial years, especially the crucial first 1,000 days, play a pivotal role in the growth and development of a child, by recognising this significance, the focus on adequate nutrition and nurturing care during this period is essential.
iv.Mothers hold a central position in childcare. Their physical and emotional well-being directly affects the child’s health and development. ADB’s commitment to supporting the Meghalaya Government’s cause further strengthens the efforts of India in advancing ECD.
About Asian Development Bank (ADB):
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific.
President– Masatsugu Asakawa
Headquarters– Mandaluyong City, Manila, Philippines
Established in– 1966


Canara Bank Launched Canara Jeevan Dhara for PensionersCanara Bank launched Canara Jeevan Dhara, a unique savings bank account designed for pensioners and those who are planning for retirement, including all the employees who retired on a voluntary basis or standard retirement procedures.
Variants:
Under this scheme, the bank provides two variants based on the amount of pension credit.

  • Diamonds account is designed for pension credits of up to Rs 50,000.
  • Platinum account caters to pension credits exceeding Rs 50,000.

Facilities:
Loan against Deposit: This account presents an opportunity for senior citizens as the bank extends an offer of 0.75% above the deposit rate.
Top-Up Facility: Customers holding this account will find added convenience, as the bank provides them with a top-up facility on pension loans.
Concession on Medical Expenses: Canara Bank Jeevan Dhaara customers are entitled to a concession of up to 25% on medical expenses, easing their financial burdens.
Canara Bank Fixed Deposit(FD) Interest Rates: FDs offered by Canara Bank, maturing over durations spanning 7 days to 10 years, yield interest rates ranging from 4% to 7.25% for the general public, and 4% to 7.75% for senior citizens.
Interest rates:
The bank provides different interest rates, ranging from 2.90% to 4% based on the balance in the savings accounts. Click here for Interest rate details
About Canara Bank:
Managing Director(MD) & Chief Executive Officer(CEO) – K. Satyanarayana Raju
Headquarters- Bengaluru, Karnataka
Established in  – 1906 (as Canara Hindu Permanent Fund Ltd. and renamed as Canara Bank Limited in 1910)
Tagline – Together we can


Retail Inflation Hiked to 7.44% Crossing RBI’s Inflation TargetAs per the All India Consumer Price Index (CPI) released by National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI), India’s retail inflation rate hiked to 7.44% in July, 2023 surpassing the upper limit of the Reserve Bank of India’s (RBI) 2-6% tolerance range.The inflation rate recorded 4.87 % in June 2023.

  • This is due to a surge in prices of vegetables, cereals, pulses, spices and milk.
  • This is the third instance of retail inflation crossing the threshold(after 15 months),with the previous instances being 7% in September 2022 and 7.79% in April 2022.
  • The Reserve Bank of India (RBI) has increased its inflation forecast for the current FY2024 to 5.4% from the earlier estimate of 5.1%.

Consumer Food Price Index (CFPI):
The Consumer Food Price Index (CFPI) experienced an inflation rate of 11.51% in July 2023 against 4.55% in June 2023 and 6.69% in July 2022.
Core inflation:
Core inflation, which pertains to the non-food and non-fuel components, decreased to a 21-month low of 5.1% in July 2023, as estimated by ICRA Limited, formerly known as the “Investment Information and Credit Rating Agency of India Limited.
With Respect to States:
Rajasthan registered the highest inflation rate at 9.66%, followed by Jharkhand at 9.16%, Tamil Nadu at 8.95%, Odisha at 8.67%, and Uttarakhand at 8.58%.
Wholesale Inflation Stays In Negative for Fourth Month
In July 2023, wholesale prices continued to display deflationary trends for the fourth consecutive month. his notable increase in food and primary article prices led to a substantial reduction in the overall price decline, narrowing it to (-)1.36%.

  • The inflation rate based on the wholesale price index (WPI) has remained negative since April 2023 and was recorded at (-)4.12% in June 2023. In comparison, the same period in 2022 saw a considerably higher rate of 14.07% in July.

Faiz Ahmed Kidwai was Given Additional Charge as CEO of NRAA
The Department of Personnel and Training (DoPT),Ministry of Personnel, Public Grievances and Pensions has issued an order appointing Faiz Ahmed Kidwai as the Chief Executive Officer (CEO) of the National Rainfed Area Authority (NRAA) on an additional charge basis. This appointment is effective for a period of 9 months starting from June 5, 2023, until the appointment of a new CEO or until further orders.

  • He is currently serving as the Additional Secretary, Department of Agriculture and Farmers Welfare(DA&FW), Ministry of Agriculture and Farmers Welfare(MoA&FW).
  • Faiz Ahmed Kidwai succeeds Dr. Ashok Dalwai, who was serving as CEO of NRAA since July 2017.

Note: The additional charge for Faiz Ahmed Kidwai, 1996-batch IAS officer of Madhya Pradesh cadre, was approved by the Appointments Committee of the Cabinet(ACC) headed by the Prime Minister (PM) Narendra Modi.

  • NRAA was established as an attached office of the then Department of Agriculture & Cooperation (now DA&FW) on 3rd November 2006.
  • NRAA is an expert body that offers the much-needed information inputs about the systematic management and improvement of the India’s dryland and rainfed agriculture.
    Headquarters– New Delhi, Delhi.

Anuradha Thakur was Given Additional Charge as Director of SFIO
Anuradha Thakur has been given additional charge as the Director of Serious Fraud Investigation Office (SFIO), a statutory corporate fraud investigating agency in India, for a period of 6 months with effect from 31st July 2023, till the appointment of regular incumbent or until further orders.

  • Anuradha Thakur is a 1994 batch IAS officer of Himachal Pradesh Cadre.


SFIO is a multi-disciplinary organization under Ministry of Corporate Affairs(MCA).
It includes experts from the field of accountancy, forensic auditing, law, information technology, investigation, company law, capital market and taxation for detecting and prosecuting or recommending for prosecution white-collar crimes/frauds.

  • SFIO was established through the Government of India vide Notification dated 21st July 2015.
  • Headquarters– New Delhi, Delhi.

Mahmood Ahmed was given Additional Charge as MD of NHIDCL
Mahmood Ahmed, Additional Secretary, Ministry of Road Transport & Highways(MoRTH), has been given additional charge as the Managing Director(MD) of National Highways and Infrastructure Development Corporation Limited (NHIDCL) under the MoRTH.

  • Mahmood Ahmed is a 1993 batch Indian Post & Telecommunication Accounts and Finance Service (IP&T AFS) officer.
  • He will hold the post till the appointment of the regular incumbent or until further orders.
  • The post has been vacant since Chanchal Kumar, MD of NHIDCL, was moved to the Ministry of Civil Aviation(MCA) as Officer On Special Duty(OSD).

About National Highways and Infrastructure Development Corporation Limited (NHIDCL):
Established in 2014
Headquarters- New Delhi, Delhi


CCI Approves Acquisition of Certain Stake of IBS Software Pte Limited by Pelipper HoldCo SARLThe Competition Commission of India (CCI) has approved the  acquisition of ~ 30% of the issued share capital on a fully diluted basis of IBS Software Pte Limited by Pelipper HoldCo SARL from Techware Singapore Holdings Pte. Ltd., a portfolio company of Blackstone Inc.

  • Pelipper HoldCo SARL is a special-purpose vehicle (SPV) indirectly wholly owned by investment funds advised by Apax Partners LLP (AP).

Target– IBS Software Pte Limited
Acquirer– Pelipper HoldCo SARL
Seller – Blackstone Inc.
Background:
i.In May 2023, IBS Software, a global travel and logistics Software-as-a-Service (SaaS) company announced, Apax Partners LLP (AP) Funds have made an investment of USD 450 million to acquire a minority stake in IBS Software.
ii.Post the latest transaction, V K Mathews, IBS Software’s Founder and Executive Chairman will remain the majority shareholder.
Key Points:
i.AP is a limited liability partnership incorporated under the laws of the United Kingdom (UK) and the parent of a number of entities, which provide investment advisory services to private equity funds investing in a range of industry sectors.
ii.IBS Software Pte Limited is the parent company of the IBS group of companies (Target Group), which is mainly active as a software vendor, predominantly for the aviation industry and the travel industry.

  • It also provides Information Technology (IT) services to its own existing customers, mainly aviation, tour & cruise, hospitality, and energy resources industries.

iii.Target Group is primarily active as a provider of software solutions to the travel industry globally, managing mission-critical operations for customers in the aviation, tour & cruise, hospitality, and energy resources industries.


Scientists at IIA Bengaluru Discovered a Unique CEMP Star “HE 1005-1439”Scientists at the Indian Institute of Astrophysics(IIA) in Bengaluru, Karnataka have discovered a unique star named “HE 1005-1439”. This star defies the conventional classification of stars and stands out as a carbon-enhanced metal-poor (CEMP) star, a rare class of chemically peculiar stars.
CEMP Star: 
CEMP stars have [C/Fe] (Carbon/Iron) > +1, compared to the Sun CEMP stars have carbon enhanced at least 10 times more than iron, and [Fe/H] (Iron/Hydrogen) < -1, meaning that iron is less than a 10th that in the Sun.
Discovery of HE 1005-1439: 
i.The discovery of the new star challenges the previous understanding of star formation processes.
ii.For the first time, scientists have discovered an object that shows signs of having been formed through a combination of 2 different neutron capture processes such as slow (s-) and intermediate (i-). 

  • slow (s-) – occurs in low-mass stars during a particular phase called asymptotic giant branch (AGB).
  • intermediate (i-) – the proposed site of i- process is low-metallicity low-mass AGB stars.

Note: 
The s- and i-process occur in different astrophysical environments,  and hence, the surface chemical composition of HE 1005-1439 being influenced by both processes seems unique.
Key Points: 
i.The IIA scientists led by Partha Pratim Goswami and supervised by Prof. Aruna Goswami, used high-resolution spectroscopic data acquired using High Dispersion Spectrograph (HDS) attached to SUBARU telescope (Japan) to analyze the star’s surface chemical composition.
ii.They found that the iron content of the star is 1000 times less than that of the sun and it is heavily enriched with neutron-capture elements.

Elements beyond iron are formed through the neutron capture processes.  The processes of neutron capture may be distinguished as slow (s-), Rapid(r-) and intermediate (i-).

  • rapid (r-) process is believed to occur in Supernovae and Neutron star mergers.

About Indian Institute of Astrophysics(IIA):
IIA is an autonomous institute under the Department of Science & Technology (DST).
Director– Prof. Annapurni Subramaniam
Established in 1971
Location– Bengaluru, Karnataka


Pakistan Fast Bowler Wahab Riaz Retires From International Cricket Pakistan fast bowler Wahab Riaz announced his retirement from international cricket across all formats. He continues to play in franchise cricket.

  • He has been serving as the caretaker Sports Minister of the Punjab province in Pakistan since January 2023.

Career:
i.Wahab Riaz made his international debut in an ODI against Zimbabwe in 2008.

  • He also made his T20I debut against Bangladesh at Karachi, Pakistan in 2008.
  • In 2010, he made his Test debut at the Oval, London in the United Kingdom.

ii.He has 83 wickets in 27 tests, 120 wickets in 91 one-day internationals (ODIs)and 34 wickets in 36 Twenty20 Internationals (T20Is).

  • He played his last international match against New Zealand in 2020 in a T20I at Hamilton, New Zealand.

iii.He was part of the Pakistan team in the International Cricket Council (ICC) Men’s World Cup (ODI) in 2011, 2015 and 2019.

  • He was also the leading wicket taker for Pakistan in 2015 World Cup with 17 wickets.

iv.At present, he is playing Caribbean Premier League (CPL), Bangladesh Premier League (BPL), Lanka Premier League (LPL), and County cricket in England.


Padma Awardee VSR Arunachalam, Former DG of DRDO, Passed AwayPadma Awardee Dr Vallampadugai Srinivasa Raghavan Arunachalam (V S R Arunachalam), an Indian Scientist and the former Director General (DG) of Defence Research and Development Organisation (DRDO), passed away at the age of 87 in California, the United States of America (USA). He hails from Karnataka and was born on 10th November 1935.
About V S R Arunachalam:
i.He served as the DG of DRDO and Secretary, Department of Defence Research and Development (DDRD) and Scientific Adviser (SA) to the Defence Ministry from 1982 to 1992.

  • He became the 1st DRDO scientist to head the DRDO.

ii.He has also worked at institutions such as Bhabha Atomic Research Centre (BARC), National Aeronautical Laboratory (later renamed as National Aerospace Laboratories), and Defence Metallurgical Research Laboratory (DMRL).
iii.He was the first Indian Fellow of the Royal Academy of Engineering, the United Kingdom (UK) and held the position of Distinguished Service Professor (Engineering and Public Policy) at Carnegie Mellon University, Pittsburgh, USA.
iv.He also served as a member of the advisory and editorial boards of several universities and foundations, including the Materials Research Society (MRS) Bulletin in Pennsylvania, USA.
v.He was the founder and Chairman of the Centre for Study of Science, Technology and Policy (CSTEP), one of India’s leading Think Tanks based in Bengaluru, Karnataka. CSTEP was established in 2005.
vi.He launched 3 major programmes namely, Light Combat Aircraft (LCA) (TEJAS) under the Aeronautical Development Agency (ADA), an autonomous body of DRDO; Advanced Technology Vessel (ATV) Programme; and IGMDP (Integrated Guided Missiles Development Programme) to develop a family of strategic and tactical guided missiles.
Awards:
i.In 1986, he was honoured with Padma Bhushan for Civil Service and in 1990, he was awarded the Padma Vibhushan for Science and Engineering.
ii.He was awarded DRDO’s Lifetime Achievement Award in 2015 for his outstanding contribution to the field of scientific research and technology.
Book:
His notable work includes: From Temples to Turbines: An Adventure in Two Worlds (2019).


Kerala Govt Launches ‘Athidhi Portal’ to Register Migrant WorkersKerala government has launched a user-friendly web portal named Athidhi Portal’, for the registration of migrant workers in Kerala. The portal will establish a unique identification system to streamline the registration process.

  • The portal will allow the government to address the grievances against sexual crimes allegedly committed by migrant workers.

Features:
i.Contractors as well as Employers, who bring in temporary workers can initiate the registration process in the portal, on behalf of their temporary workers in the state.
ii.All guest employees can also register themselves independently under this portal, through this it will be confirmed that no guest employee of the state is ignored.
iii.The details entered in the portal will be examined by the enrolling officer, who will issue a unique ID for each worker.
iv.The government also plans on setting up help desks at railway stations to facilitate the registration of guest workers arriving in the state.
Benefits:
i.The portal will serve as a centralised platform to collect and manage information about workers, ensuring they have access to essential social security benefits.
ii.The details will allow the officials to safeguard the residents in order to create a safe and more inclusive work environment.
iii.The portal will gather data regarding the employees and make sure they get social security.

  • Currently migrant workers are regulated according to the provisions of the Inter-State Migrant Workers Act of 1979.

 Ration Right Card:
i.The Kerala government is utilising the Ration Right Card of the ‘One Country One Ration Card‘ initiative to enumerate guest (migrant) workers in the state.
ii.The Department of Food, Civil Supplies & Consumer Affairs, Government of Kerala, introduced the Ration Right Card, which serves as a channel for guest workers, who face challenges in obtaining ration products in their own state.

  • The Aadhaar-linked ration distribution will also contribute to the count of guest workers.

Current Affairs – 17 August 2023

Highlights of 77th Independence Day of India on August 15, 2023 The Central Government has organized the 77th Independence Day at Red Fort, New Delhi, Delhi which was addressed by the Prime Minister (PM) of India Narendra Modi.
2023 Independence Day signified the theme Nation First, Always First under the ‘Azadi Ka Amrit Mahotsav’ celebrations, which began in 2021.

  • The year 2023 marked the 76th anniversary of Indian Independence, as the first anniversary was marked a year from the actual year that is 1948. Hence, India celebrated its 77th Independence Day and 76th Independence Day anniversary in 2023.

i.During the event, the PM announced ‘Vishwakarma Yojana’ to benefit individuals skilled in traditional craftsmanship/artisan works.These include Weavers, goldsmiths, blacksmiths, laundry workers, barbers, and such families.
ii.The President of India Droupadi Murmu has approved one President’s Tatrakshak Medal (PTM) and five Tatrakshak Medals (TM) to the Indian Coast Guard (ICG) personnel for their act of conspicuous gallantry, exceptional devotion to duty and distinguished /meritorious service on the occasion of Independence Day 2023.
About Delhi:
New Delhi is the National Capital of India.
Lieutenant Governor– Vinai Kumar Saxena
Chief Minister– Arvind Kejriwal


Home Minister Amit Shah’s 2 day visit to Gujarat; Inaugurates projects worth Rs 1052 cr Amit Shah, Union Minister, Ministry of Home Affairs (MHA), during his 2 days visit to Gujarat on 12th and 13th of August 2023, inaugurated various development works worth Rs.1052 crore been dedicated and inaugurated in the Gandhinagar Lok Sabha constituency, Gujarat.

  • The development works were jointly done by the Government of India (GoI) and the Government of Gujarat.

On 12th August 2023, Union Minister Amit Shah, laid the foundation stone of Indian Farmers Fertilizer Cooperative Limited (IFFCO)’s Nano DAP (Di-ammonium Phosphate) (Liquid), Plant in Gandhidham, Gujarat.
On 13th August 2023, Union Minister Amit Shah on his 2-day visit to Gujarat, laid the foundation stone of the Regional Hub of National Security Guard (NSG) in Gandhinagar, Gujarat.
About Gujarat:
Chief Minister– Bhupendrabhai Patel
Governor– Acharya Devvrat
Airport– Sardar Vallabhbhai Patel International Airport and Dholera International Airport


President Droupadi Murmu Gives Assent to Four Bills,August2023On 12th August 2023, the President of India Droupadi Murmu gave assent to four bills including the Digital Personal Data Protection Bill 2023, the Registration of Births and Deaths (Amendment) Bill 2023, the Jan Vishwas (Amendment of Provisions) Bill 2023, and the Government of National Capital Territory of Delhi (Amendment) Bill 2023.

  • As per the Indian constitution, a bill transforms into an act upon receiving the President’s assent and is then formally announced in the official gazette.Consequently, the aforementioned bills have now been enacted as acts.

i.The Registration of Births and Deaths (Amendment) Bill 2023 will contribute to the development of a national and state-level database of registered births and deaths, which will eventually ensure the efficient and transparent delivery of public services and social benefits, as well as digital registration.
ii.The Government of National Capital Territory of Delhi (Amendment) Bill, 2023 replaces the Government of National Capital Territory of Delhi (Amendment) Ordinance, 2023, which was promulgated on 19th May 2023
iii.The primary purpose of the Digital Personal Data Protection Bill, 2023 is to regulate the processing of digital personal data and respect individuals’ right to protect their data while recognizing the necessity of processing and using such data for lawful purposes.
About the National Capital Territory(NCT) of Delhi:
Chief Minister – Arvind Kejriwal
Governor – Vinai Kumar Saxena
Wildlife Sanctuary – Asola Bhatti Wildlife Sanctuary
Festivals – Bhai Dooj Festival, Chhat Festival


PFRDA integrates NPS Statement of Transaction (SoT) with  CASPension Fund Regulatory and Development Authority(PFRDA) in coordination with the Securities and Exchange Board of India(SEBI) has integrated the National Pension System (NPS) Statement of Transaction (SoT) with the Consolidated Account Statement (CAS).

  • Now, PFRDA has enabled Central Record Keeping Agencies (CRAs) to integrate with depositories, registered with SEBI to provide NPS Subscribers with the option to include NPS transactions in CAS.
  •  The facility to include NPS SoT in CAS will be available to NPS subscribers on consent basis.

About CAS: 
i.The CAS provided by National Securities Depository Limited (NSDL) and Central Depository Services Ltd (CDSL) offers a consolidated view of the personal investments in the securities market with updated mark-to-market values.
ii.It encompasses holdings of Demat accounts and mutual fund holdings of the investors.
Note: CAS is issued to investors in accordance with Regulation 36(4) of SEBI
(Mutual Funds) Regulations, 1996.
Present scenario:
At present, the NPS SoT is shared annually, either in physical form or via email, and is also accessible for online viewing through CRA login.
Consolidated Account Statement (CAS) Advantages:
i.Simplified Record-Keeping: CAS summarizes the statements for different investments into one comprehensive statement, reducing paperwork and offering a consolidated view of all investments in one place.
ii.Enhanced Security: CAS ensures the safety of information related to contributions/investments. Monthly updates help Subscribers spot unauthorized transactions.
iii.Timely Information: CAS provides monthly updates on transactions and holdings, enabling Subscribers to track performance, stay informed, and make informed choices.
About Pension Fund Regulatory and Development Authority(PFRDA):
Chairperson – Deepak Mohanty
Headquarters – New Delhi, Delhi
Established in – 2003


Zerodha AMC Launched After Receiving Approval From SEBIZerodha Broking Limited(Zerodha) has received final approval from Securities and Exchange Board of India(SEBI) to launch an Asset Management Company (AMC) – Zerodha Asset Management Private Limited called as “Zerodha Fund House”.

  • Zerodha Fund House is the joint venture (JV) of Zerodha with Smallcase Technologies Private Limited(smallcase), a fintech platform.
  • Vishal Jain has been appointed as the Chief Executive Officer(CEO) of Zerodha Fund House. Previously, He headed the Exchange-Traded Funds (ETFs) division of Nippon Life India Asset Management Ltd.

Background:
i.Zerodha applied for the AMC licence in February 2020 and received an in-principle approval in September 2021.
ii.Prior to the final approval (in April 2023), Zerodha announced its decision to form a JV with smallcase to start the AMC
Zerodha’s motivation to start Mutual Funds:
i.Despite substantial growth in the past three years, the count of unique equity investors remains around 60-80 million.
ii.The need for the market to have simple products(like mutual funds) to facilitate the swift entry of the next 10 million investors.
SEBI Sets New Exit Option Timeline for MF Unitholders for AMC Control Change
SEBI new timeline for the exit option window period given to the mutual fund unitholders in the event of a change in the control of an AMC.

  • Under the new guidelines, the change in control of the AMC will require the unitholders of the MF to be granted the choice of exiting at the prevailing Net Asset Value (NAV), devoid of any exit load, within a span of 15 calendar days from the date of communication(earlier it was 30 days).

Key Points:
i.This move aims to enhance investor protection and streamline the process of such transitions within the mutual fund landscape.
ii.With improved communication technology, has enabled faster dissemination of information to unitholders, SEBI received a request  from the mutual fund industry to reconsider the exit option timeline.
In case of merger:
If the change of control is because of consolidation or merger of schemes, unitholders will have the opportunity to exit at the prevailing NAV without incurring any exit load, but the window for this choice will extend to a minimum of 30 calendar days from the date of communication.
Requirements for change in control:
i.Trustees and SEBI’s prior approval.
ii.A written communication about the proposed change to each unitholder.
iii.Advertisement in the newspaper concerning the proposed alterations.


Air India unveils new logo ‘The Vista’ at rebranding event
On 10th August 2023, Air India, Tata Group-owned airline unveiled its new logo, branding, and plane livery at the rebranding event held in New Delhi, Delhi. The new logo called ‘The Vista’ was inspired by the peak of the gold window frame that signifies the limitless possibilities, progressiveness, and Air India’s  bold, confident outlook for the future.

  • The Vista replaces old logo “Wheel of Konark”, a red swan adorned with the distinctive orange Konark Chakra.
  • Air India’s new aircraft livery and design features a palette of deep redaubergine, and gold highlights and a chakra-inspired pattern.
  • The rebranding of Air India gained momentum following its acquisition by the Tata Group. Tata Sons, via its fully owned subsidiary, Talace Private Limited (“Talace”), acquired a 100% stake in Air India on 27th January 2022.
  • Air India underwent a 15-month transformation, and through advancements in technology, fleet, maintenance, ground handling, and operations, Air India succeeded in elevating itself to world-class standards in safety, customer service, and overall passenger experience.

Note:

  • Livery refers to the collection of symbols, insignia, colours, and distinctive identifiers that are associated with an airline’s brand.
  • In December 2022, the Tata Group took a step towards the rebranding of Air India by enlisting the services of Futurebrands, a brand and design consultancy based in London, the United Kingdom (UK).

Union Home Minister’s Medal for Excellence in Investigation, 2023On 12th August 2023, the “Union Home Minister’s Medal for Excellence in Investigation, 2023” has been awarded to 140 Police Personnel, in recognition of their outstanding service in the investigation.

  • Among the 140 personnel, 15 are from the Central Bureau of Investigation (CBI), 12 are from the National Investigation Agency (NIA), and 2 are from Narcotics Control Bureau (NCB), and so on.
  • This medal was constituted in 2018, with the objective to promote high professional standards of investigation of crime and recognize such Excellence in Investigation.

About Union Home Minister’s Medal for Excellence in Investigation:
i.It is an annual medal, instituted by the Ministry of Home Affairs (Government of India) to the members of Central Investigating Agencies and State/UT Police Investigating Agencies for excellence in investigation.
ii.The objective of the medal is to, promote high professional standards of investigation of crime in the state police and Central investigating agencies in India, and to recognise such excellence in an investigation by investigating officers of police organisations.
iii.It has been announced on the 12th of August every year.
Key Highlights:
i.The officers chosen for the coveted medal are the Superintendent of Police (SP), Assistant Superintendent of Police (ASP), Deputy Superintendent of Police, Deputy Commissioner of Police, Inspector, Sub-Inspector, and so on.
ii.Among them, 10 are from Uttar Pradesh, 09 each from Kerala & Rajasthan, 08 from Tamil Nadu, 07 from Madhya Pradesh and 06 are from Gujarat, and the remaining are from other States/Union Territories (UTs)/Organizations…Click here for awardees list
iii.These also include 22 Women Police Officers.

NAFIS of NCRB gets DARPG’s Gold Award for Excellence in Category-1
The National Automated Fingerprint Identification System (NAFIS) team of the National Crime Records Bureau (NCRB) won the Gold Award under the Excellence in Government Process Reengineering for Digital Transformation Category-1 of the Department of Administrative Reforms and Public Grievances (DARPG), Ministry of Personnel, Public grievances and Pensions. The award recognised the dedication of the NAFIS team in creating a fool-proof fingerprint identification system.

  • MoHA provided NAFIS devices to all Districts, Police Commissionerates, Central and State Fingerprint Bureaus, and Central agencies like the National Investigation Agency (NIA), Central Bureau of Investigation (CBI), and Narcotics Control Bureau (NCB).
  • According to the MoHA, NAFIS, which was developed by the NCRB, is a centralised database of criminal fingerprints, that would help in the quick and easy disposal of cases and the database is a collaborative effort, granting access to authorized personnel from all States, Union Territories, and Central Agencies.

Note:

  • Union Minister Amit Shah inaugurated the NAFIS on August 17, 2022, at the 2-day National Securities Strategies (NSS) Conference held in Delhi.
  • In April 2022, Madhya Pradesh became the first state in India to identify a deceased person through NAFIS.

Anwarul Ul Haq Kakar Appointed as Caretaker Prime Minister of PakistanOn 14th August 2023, Anwarul Ul Haq Kakar(52 year-old) became the 8th Caretaker Prime Minister(PM) of Pakistan following the dissolvement of Former PM Shehbaz Sharif government.

  • He was administered oath of the office by President Arif Alvi in a ceremony held at the Aiwan-i-Sadr (the President House) in Islamabad, Pakistan.
  • He will lead the Pakistan government until the formation of the next elected government.

About Anwarul Haq Kakar:
i.Kakar was Born in 1971 from an ethnic Pushtun community in the Muslim Bagh, Qila Saifullah district of Balochistan, Pakistan.
ii.He was elected  as a senator for the first time  in 2018 from the Balochistan province.
iii.Upon his election as PM, he resigned his current post of senator and from a member of Balochistan Awami Party (BAP).
Background:
i.Imran Khan of Pakistan Tehreek-e-Insaf (PTI) formed the government after the last general election for the pakistan parliament was held in 2018.

  • In April 2022, Imran Khan was removed from PM after he lost a no-confidence motion in parliament.

ii.Following Imran Khan removal,Mian Muhammad Shehbaz Sharif of  Pakistan Muslim League-Nawaz (PML-N) became the 23rd PM.

  • Shehbaz Sharif dissolved the  parliament on 8th August before the end of the present tenure of the parliament on 12th August 2023.

iii.According to the Pakistan Constitution, the general election for the parliament will  be conducted within 90 days after the dissolvement of the parliament.
About Pakistan:
Caretaker Prime Minister(PM) –  Anwarul Ul Haq Kakar
Capital  –  Islamabad
Currency – Pakistani Rupee (PKR)


Doraiswamy Executive Director of LIC appointed as MD of LIC
The Government of India(GoI) have appointed Doraiswamy as Managing Director (MD) of the Life Insurance Corporation of India (LIC) with effect from the date of assumption of charge of the office on or after September 1, 2023, and upto the date of his superannuation (August 31, 2026) or until further orders, whichever is earlier.

  • R Doraiswamy is currently the Executive Director (Information Technology (IT)/Software Development (SD)), at the LIC central office in Mumbai, Maharashtra.
  • He will replace Mini Ipe, one of the current MDs of LIC, who is set to retire at the end of August 2023.
  • The Financial Services Institutions Bureau (FSIB), in June 2023, recommended the name of Doraiswamy as MD of LIC.
  • Currently, LIC has 4 MDs namely, Mini Ipe, M Jagannath, Tablesh Pandey, and Sat Pal Bhanoo.

Note: FSIB has been constituted effective from July 01, 2022, by Central Government for the purpose of recommending persons for appointment as whole-time directors and non-executive chairpersons on the Boards of financial services institutions. It is headed by Bhanu Pratap Sharma, former Secretary, Department of Personnel and Training (DoPT).


ISRO Conducts Drogue Parachute Deployment Tests for Gaganyaan MissionVikram Sarabhai Space Centre(VSSC) in collaboration with Aerial Delivery Research and Development Establishment (ADRDE) successfully conducted a series of Drogue Parachute Deployment Tests to qualify the drogue parachutes, affirming their preparedness for integration into the Test Vehicle Demonstration (TV-D1) under the Gaganyaan mission

  • The tests were held at the Rail Track Rocket Sled (RTRS) facility of the Terminal Ballistics Research Laboratory of DRDO, Chandigarh.
  • VSSC (Thiruvananthapuram, Kerala ) is a major space research centre of Indian Space Research Organisation (ISRO); ADRDE(Agra, Uttar Pradesh) is a pioneer Research & Development lab of Defence Research and Development Organisation (DRDO).

Drogue Parachute:
The Gaganyaan mission entails the safe transportation of astronauts to space and back. At the heart of this endeavour lies the deployment of drogue parachutes, pivotal in stabilizing the crew module and curbing its re-entry velocity to a secure level.

  • Distinguished by their conical ribbon-style configuration with diameter of 5.8 metres, these drogue parachutes find their place within pyro-based devices called mortars.
  • Ingeniously engineered, these devices are designed to precisely expel the parachutes into the atmosphere upon receiving the command.

Deployment Tests:
Throughout the series of three comprehensive tests at the RTRS facility, a diverse set of real-world scenarios was replicated to assess the performance and reliability of the drogue parachutes.

  • First test – simulation replicated the max reefed load, introducing reefing in a mortar-deployed parachute within India.
  • Second test –  imitated maximum disreefed load challenges.
  • Third test – mirrored Crew Module’s mission conditions, including max angle of attack, underlining thorough assessment.

Working mechanism: 
i.Through a single-stage reefing mechanism, these parachutes adeptly minimize canopy size while adeptly counteracting the shock of opening, ensuring a smooth and controlled descent.
ii.The intricate parachute sequence in the Gaganyaan module has ten parachutes.

  • It starts with two Apex cover separation parachutes, followed by stabilizing with two drogue parachutes. After the drogue parachutes are released, the mission enters the extraction phase.
  • Three Pilot chutes then extract three main parachutes, crucial for reducing the Crew Module’s speed for a safe landing.

Additional Info:
In March 2023, RTRS tests for the Pilot and Apex cover separation parachutes were carried out, further underscoring the advancement of the Gaganyaan mission’s parachute system development.


Padma Bhushan Awardee Dr Bindeshwar Pathak, Founder of Sulabh International, Passed AwayOn 15th August 2023, Padma Bhushan Awardee, Dr Bindeshwar Pathak, a renowned Social activist and the Founder of Sulabh International Social Service Organisation, passed away at the age of 80 in New Delhi, Delhi. He was born on 2nd April 1943, in Rampur Baghel village in the Vaishali district of Bihar.

  • He is a pioneer of Public toilets in India who is known as the “Toilet Man of India”.
  • He dedicated his life to eradicating manual scavenging and advancing sanitation and promoting human rights, environmental sanitation, non-conventional sources of energy, and waste management through education.

Note: Sulabh International is a Non-governmental Organisation (NGO), in General Consultative Status with the Economic and Social Council (ECOSOC) of the United Nations (UN).
About Bindeshwar Pathak:
i.In 1968, he joined the Bhangi-Mukti (scavengers’ liberation) Cell of the Bihar Gandhi Centenary Celebrations Committee, which was mainly involved in spreading the ideas of Mahatma Gandhi in Patna, Bihar.
ii.He established the Sulabh Svachchh Shauchalaya Sansthaan (the clean toilet institute), a non-profit organisation in 1970, combining technical innovation with humanitarian principles.
iii.In 1980, the non-profit organisation became Sulabh International, which has carried out extensive work on the conversion of dry latrines into modern toilets in over 17,00 towns and has helped build over 160,835 toilets.
Note: The United Nations Development Programme (UNDP), recognises Sulabh technologies in its Human Development Report twice (2003 & 2006).
Awards/Honours:
i.In 1991, he was awarded the Padma Bhushan for his distinguished social service.
ii.In 2003, he was honoured with the UN-Habitat Scroll of Honour 2003 Award and also received the United Nations Environment Programme (UNEP) Global 500 Scroll of Honour Award.
iii.In 2009, he won the Stockholm Water Prize, conferred by the Royal Swedish Academy of Sciences.
iv.In 2016, he received the World Health Organisation (WHOPublic Health Champion Award.
Books:
His notable works include: The Making of Legend: Narendra Damodar Das Modi (2017); New Princesses of Alwar Shame To Pride (2009); Road to Freedom (2000) and so on.


Mohammed Habib, Indian Football Legend Passed AwayMohammed Habib, the legendary Indian football player and Former Indian captain, passed away at the age of 74 in Hyderabad, Telangana. He was born in Hyderabad in undivided Andhra Pradesh (now Telangana) on July 17, 1949.

  • He was affectionately referred to as the ‘Bade Miya’ of Kolkata football, and he played international football till 1975.
  • Dedicated to football, he refused all the job offers that came his way and became India’s 1st “True Professional Footballer”.

About Mohammed Habib:
i.He has represented India in around 35 International matches from his debut in 1967 till his retirement in 1975.
ii.Mohammed Habib made his debut for India against Thailand in the Merdeka Cup held at Kuala Lumpur, Malaysia in 1967.
iii.He was a part of the bronze-medal winning team at the 1970 Asian Games in Bangkok, Thailand. He was also a part of the team that jointly won the 1971 Pesta Sukan Cup with South Vietnam(the Republic of Vietnam) in Singapore.
Club Career:
i.For 18 seasons between the 1960s and 1970s, He played for Mohun Bagan, East Bengal and Mohammedan Sporting.
ii.In the 1969 Santosh Trophy final held in Bangalore (Karnataka), he scored 5 goals in Bengal’s 6-1 win over Services, which is still a record.
iii.In 1977, he played an exhibition match for Mohun Bagan against Brazil legend Pele’s New York Cosmos Club.
iv.After his retirement from club football in 1982, he decided to become a coach and joined the coach at Tata Football Academy (TFA) in Jamshedpur, Jharkhand and he coached Mohun Bagan and Mohammedan Sporting, too.
v.He also served as a chief coach of the Indian Football Association academy in Haldia, West Bengal.
Achievements:
i.He had the rare distinction of scoring the winning goals in 3 Durand Cup finals in the span of 7 seasons for East Bengal.
ii.He was one of the few players to win the Triple Crown (winning the Indian Football Association (IFA) Shield, Durand Cup, and Rovers Cup in the same season) for both East Bengal and Mohun Bagan in 1972 and 1977, respectively.
iii.He won the Santosh Trophy on 5 occasions, 1965 (with Andhra Pradesh), 1969, 1971, 1972, and 1975 (with Bengal).
Awards/Honours:
i.He was conferred with the Arjuna Award 1980-81 for football.
ii.He was also conferred with the East Bengal Bharat Gaurav Award in 2016.
iii.In 2018, the West Bengal Government instituted him the title Banga Bibhushan in the field Footballer.

Partition Horrors Remembrance Day 2023 – August 14Partition Horrors Remembrance Day or ‘Vibhajan Vibhishika Smriti Diwas‘ is annually observed across India on 14th August to remember of the struggles and sacrifices during the partition of India into India and Pakistan in 1947.
The day also remembers the lives lost during the partition and those who were forcibly displaced from their ancestral homes.

  • 14th August 2023 marks the 3rd observance of Partition Horrors Remembrance Day.

Background:
On 14th August 2021, Prime Minister (PM) Narendra Modi announced that 14th August of every year will be observed as “Partition Horrors Remembrance Day” to inspire us to eliminate  discrimination, animosity and ill-will and to promote strengthen unity, social harmony and human sensibilities.
The first ever Partition Horrors Remembrance Day was observed on 14th August 2021.
About Pakistan:
Capital– Islamabad
Currency– Pakistani Rupee
Prime Minister– Shehbaz Sharif


Gramin Mitra: Goa govt launches Door-Step Delivery of Digital Scheme for Rural Goa Pramod Sawant, Chief Minister(CM) of Goa, launched Gramin Mitra, the flagship scheme of the Government of Goa to provide doorstep delivery of government services across the state and promote digital empowerment in rural areas at an event held at the Durbar Hall, Raj Bhavan in Goa.

Current Affairs – 15 & 16 August 2023

DPIIT and MoRD launched ODOP Wall at SARAS Ajeevika StoreOne District One Product (ODOP) program, an initiative under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, collaborated with Sale of Articles of Rural Artisans Society (SARAS) Aajeevika, an initiative by Deendayal Antyodaya (DAY-NRLM), Ministry of Rural Development(MoRD) in New Delhi, Delhi.

  • ODOP Wall was inaugurated at SARAS Aajeevika Store in New Delhi as part of the collaboration.
  • In addition to directing consumers and enthusiasts to emporiums, the collaborative effort seeks to incorporate innovative features  like product tagging and story cards.

Note: The ‘ODOP Wall’ signifies India’s remarkable heritage of craftsmanship, ready to enchant international spectators and function as a dynamic platform that exhibits the nation’s unparalleled artistic legacy on a global scale.
Sale of Articles of Rural Artisans Society (SARAS) Aajeevika
i.SARAS Aajeevika demonstrates a commitment to women’s empowerment.
ii.The initiative places particular emphasis on elevating women artisans and Self-Help Groups (SHGs), acting as a dedicated platform for their meticulously crafted goods.
iii.Through this marketplace, SARAS Aajeevika enhances the capabilities and proficiencies of these women, enabling them to establish themselves as self-reliant entrepreneurs.
One District One Product (ODOP) program
i.ODOP initiative seeks to actualize national self-reliance by nurturing equitable regional progress across every district in the nation.
ii.This endeavor involves singling out, labeling, and advocating a distinctive product from each district, spotlighting the extensive array of products spanning diverse sectors such as handlooms and handicrafts.
iii.As a component of its broader expansion strategy, ODOP persists in establishing significant partnerships with governmental and private organizations, in accordance with its overarching objective of elevating India into a self-sustaining epicenter of unique artistry and entrepreneurial spirit.
About Ministry of Commerce & Industry
Union Minister – Piyush Goyal (Rajya Sabha Maharashtra)
Ministers of State – Shri Som Prakash and Anupriya Singh Patel
About Ministry of Rural Development
Union Minister – Giriraj Singh (Begusarai Constituency in Bihar)
Ministers of State – Faggansingh Kulaste

Union Minister Dharmendra Pradhan launches DBT in NAPS to strengthen apprenticeship ecosystemOn 12th August 2023, Union Minister Dharmendra Pradhan, the Ministry of Education(MoE), and the Ministry of Skill Development and Entrepreneurship (MSDE), launched Direct Benefit Transfer (DBT) in National Apprenticeship Promotion Scheme (NAPS) to encourage the participation of both corporates and young individuals towards apprenticeship training in India, at an event in New Delhi, Delhi.

  • As part of the DBT launch, an amount of approximately Rs. 15 crores was disbursed to 1 lakh apprentices.
  • Under the NAPS, the GoI reimburses 25% of the prescribed stipend, up to a maximum of Rs.1500/- per month per apprentice, engaged by employers.
  • With the implementation of DBT, it is anticipated that the number of apprentices will further increase, expanding the coverage beyond the initial 30% target set under NAPS 2.0.

Analysis:
i.More than 25 Lakh apprentices have been engaged since the inception of NAPS in 2016 till 31st July 2023, whereas around 2.6 lakh Apprentices have completed training in the financial year (FY) 2023-2024.
ii.As a result of proactive initiatives by the government, to promote quality training across various sectors, the number of active establishments offering apprenticeships saw an increase to 40,655 in 2023-24 from 6,755 in 2018-19.
Key Highlights:
i.The Union Minister emphasized this initiative as perfectly aligning with the Government of India’s (GoI) vision of promoting aspirational skilling and encouraging the concept of “earning while learning,” as outlined in the National Education Policy (NEP).
ii.The introduction of DBT in NAPS marks a move towards transparency and efficiency.
iii.The robust strategy, involving the evolution of policies, and collaboration with industries, underscores the importance of a skilled workforce in the growth of India.
iv.Notably, there has been an exceptional 488% increase in the number of establishments offering apprenticeship training since the inception of NAPS.

  • Some of them were the Mahratta Chamber of Commerce, Industries, and Agriculture (MCCIA) in Pune, Maharashtra, the Baddi Cluster from Himachal Pradesh, and the North Malabar Consortium Industry Cluster in Kannur, Kerala.

Chintan Shivir:
i.The MSDE also organized a “Chintan Shivir” on “Enhancing Apprenticeship Engagement” to elevate the uptake of apprenticeship programs across all stakeholders.
ii.The core objective of Chintan Shivir was to foster collaboration among central and state governments, industry bodies, and the private sector.
iii.The Chintan Shivir was divided into 3 breakout sessions themed on: Stakeholder Convergences to Make Apprenticeship AspirationalStrategies and Practices to Promote Quality Apprenticeship and Create a Diverse and Inclusive Apprenticeship Ecosystem, respectively.
iv.The deliberations revolved around, fostering dialogue; increasing apprenticeship uptake; enhancing quality; and ensuring equal opportunities for marginalized and underserved communities.
Few Key achievements of NAPS:
i.In FY 2023-24, approximately 2.6 lakh apprentices successfully completed their training.
ii.Women apprentices have also increased from 22,427 in 2018-19 to 1.48 lakh in FY 2022-23, registering a nearly 7-fold increase in the last 5 years.
iii.The number of active establishments has subsequently increased from 6,755 in 2018-19 to 40,655 in 2023-24.
iv.States like Gujarat, Maharashtra, Haryana, Uttar Pradesh, Tamil Nadu, Karnataka, and Telangana have emerged as leaders in the apprenticeship engagement chart.
v.This inclusive approach extends to regions like the North Eastern Region, aspirational districts, and tribal districts.


NHPC Signed MoU With Universal Health Foundation For Basic Infrastructure Facilities
NHPC Ltd. (formerly known as National Hydroelectric Power Corporation Ltd.) the largest hydropower development organization in India, signed an Memorandum of Understanding (MoU) with Universal Health Foundation under its Corporate Social Responsibility(CSR) initiative.

  • The MoU aims to provide basic infrastructure facilities to Universal Health Foundation for setting up of Gramin Gyan Jyoti Kendras by NHPC Ltd in government schools located in nine villages of Jodhpur (Rajasthan) & one village of Nagore (Rajasthan).

Additionally, The Reading Room cum Online Coaching Center  facility for poor students from  educationally backward villages of Rajasthan will be made available to access modern learning tools as well as to provide coaching for higher studies and competitive examinations.


MeitY inaugurates Renewable Energy Microgrid Power Plant for rural communities
Alkesh Kumar Sharma, Secretary of the Ministry of Electronics & Information Technology (MeitY) launched the innovative Technology of a Hybrid Green Energy Microgrid, developed by the Centre for Development of Advanced Computing (C-DAC) in Thiruvananthapuram, Kerala, as part of the National Mission on Power Electronics Technology (NaMPET) Program for rural communities’ electrical energy requirements.

  • The ceremony took place at the Elephant Rehabilitation Centre (ERC), Kottoor, Thiruvananthapuram (Kerala). The reliable green energy-based microgrids have emerged as a dependable power source for critical systems within Veterinary hospital setups in the ERC.
  • A renewable energy microgrid is an autonomous, localised, and self-contained energy system that incorporates renewable energy sources as its primary generation inputs.
  • In the microgrid scheme implemented in ERC, a unique 25 kilo Watt Power Conditioning Unit (PCU) technology, using Silicon Carbide and a Wide Band Gap (WBG) Semiconductor device operating at 50 kilo Hertz and avoiding bulky 50Hz transformer that makes the system very compact and a container-based deployment in a remote location is realised.
  • The initiative and support are provided by the Forest Department of the Government of Kerala for Green technology evaluation, which is effectively being used in the rehabilitation of wild animals too.

Zayed Talwar 2023, a Bilateral Naval Exercise Between India & UAE held in Dubai “Zayed Talwar 2023”, a bilateral naval maritime partnership exercise was held between the Indian Navy (IN), India and United Arab Emirates (UAE) Navy from 8th to 11th August 2023 in Dubai, UAE.

  • From India, INS (Indian Navy Ship) Visakhapatnam and INS Trikand participated. The delegation of IN was commanded by Rear Admiral Vineet McCarty, Flag Officer Commanding Western Fleet (FOCWF).
  • INS Visakhapatnam is an indigenously developed destroyer, and is commanded by Captain Ashok Rao, whereas INS Trikand, an advanced stealth frigate, is commanded by Captain Pramod G Thomas.

Aim:
To enhance the interoperability and synergy between the IN and UAE Navy by cross-training on tactics, techniques and procedures while also developing stronger professional bonds
Key Points:
i.Rear Admiral Vineet McCarty and UAE’s Brigadier Abdullah Farj Al Mehairbi met at Abu Dhabi Naval Command to enhance naval cooperation.
ii.They agreed to boost interactions between their navies and tackle challenges like piracy and maritime security.
iii.Discussions also included joint Humanitarian Assistance and Disaster Relief (HADR) operations.
iv.Rear Admiral McCarty also paid a visit to the Indian Ambassador to UAE, Sunjay Sudhir, and informed him about the exercise and naval partnership roadmap under the countries’ comprehensive strategic partnership.
About United Arab Emirates (UAE):
Capital– Abu Dhabi
Currency– UAE Dirham
Crown Prince– Sheikh Khaled bin Mohammed bin Zayed Al Nahyan


Chakr Innovation Secures Rs 18 Crore Funding from EXIM Bank’s USP for Sustainable Environment
Chakr Innovation Pvt Ltd, a Gurugram (Haryana)- based technology start-up focused on environmental sustainability and pollution reduction solutions, secured substantial funding of Rs.18 crores from the Export-Import Bank of India (EXIM Bank) under its Ubharte Sitare Programme (USP), for developing the environmental sustainability and technology sector in India.

  • The funds were sanctioned under EXIM Bank’s USP, reflecting the institution’s commitment to promoting domestic growth and addressing international demands.

Note:

  • Chakr Innovation has developed the world’s first retrofit emission control device for diesel generators, and their technology can reduce ~70% of particulate matter emissions from the exhaust of diesel generators.
  • EXIM bank is the premier export finance institution, established by the Government of India, under the Export-Import Bank of India Act, 1981. It commenced its operations in March 1982 and is operating under the Ministry of Finance.

PNB & Amul Signs MoU To provide Finance Through MUDRA 
Punjab National Bank (PNB) signed a Memorandum of Understanding (MoU) with Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL) also known as Amul, to finance Amul’s retailers, wholesale dealers/area milk distributors and exclusive Amul preferred outlets-milk parlours.

  • The financing is made through small ticket financing under Micro Units Development & Refinance Agency (MUDRA).
  • By the association, both the partners extend assistance to over 11 lakh retailers, wholesale dealers, and numerous other stakeholders.

Other Services:
Additional offerings encompass the seamless incorporation of diverse digital mediums such as QR codes, point of sale (POS) systems, Unified Payment Interface (UPI), along with digital supply chain finance and electronic collection of Equated Monthly Instalments (EMIs) and facilitation of working capital limits.

Myra Grover honoured with ‘Empowered Women Icon Award’ by House of Lords, UK ParliamentMyra Grover, a distinguished author and Secretary of the New Delhi Social Workers Association (NDSWAhas been awarded the Prestigious ‘Women Icon Award‘, an international recognition and award from the House of Lords, the United Kingdom (UK) Parliament, for her contributions to the society in the domain of Mental Wellness.

  • Dr. Gaurav Grover, Chairman of NDSWA, a Delhi based Non-Profit Organisation(NGO) has been honored with the Bharat Gaurav Samman by the House of Lords, UK Parliament.
  • The ‘Women Icon Award’ by the House of Lords, UK’s upper house, honors exceptional women for impactful contributions in their fields, inspiring communities globally.

About Myra Grover:
i.She is one of the youngest members of NDSWA, as well as the India Luxury Foundation.
ii.She has actively campaigned for the growth of sustainable practices in fashion and the environment as well as for the elimination of single-use plastic.
iii.In 2022, she launched the cover of her book, ‘The Evolving Mindset – A Psychological Lens into 21st-Century Youth Culture’ at the biggest wellness event in New Delhi, Delhi.
Award Ceremony:
i.The award ceremony took place at an event, Bharat Mahotsav – Festival of One India in the UK at the House of Lords, the second chamber of the UK Parliament.
ii.Confluence NGO has been organising the event, which is renowned for its efforts in promoting Indian Craft & Culture and facilitating Business-to-Business (B2B) meetings to felicitate people with excellence in their respective fields.

  • The event was supported by Mrs. Meenakshi Lekhi, Minister of State, Ministry of External Affairs, and the Ministry of Culture, Government of India (GoI), as the Chief Guest.

iii.Confluence NGO, celebrated the theme of ‘Amrit Kaal’ – Transforming India to New India. Through various events, the organisation commemorated 75 years of Indian Independence.
Note: The Confluence NGO was established on August 21, 2017 as a ‘Make In India’ Entrepreneur is in-line with the GoI’s vision of promoting Khadi and the Handloom Industry to Empower Women from rural villages.
About United Kingdom:
Capital– London
Prime Minister– Rishi Sunak
Currency– Pound sterling (GBP)


Champaran Mutton” India’s Only Movie In Oscar’s Semi Final List
The film “Champaran Mutton,” directed by Ranjan Umakrishnan, a student from the Film and Television Institute of India (FTII) in Pune(Maharashtra), has successfully advanced to the semifinals of the Student Academy Awards category of the Oscar award.

  • The movie stands along with a competition among 17 films, a remarkable feat considering the rigorous selection process from an initial pool of 2400 films.
  • The award is given by Academy of Motion Picture Arts & Sciences.

About Champaran Mutton:
i.‘Bajjika dialect,’ primarily spoken in regions encompassing Vaishali, Muzaffarpur, and Begusarai, serves as the linguistic foundation for ‘Champaran Mutton’
ii.This achievement marks the first time in 40 years that an Indian film has secured a spot in this award category; previously, Vidhu Binod Chopra had achieved this distinction


Asian Champions Trophy 2023 : Indian won Men’s Hockey Team by Defeating Malaysia

The Indian Men’s hockey team won the Hero Asian Champions Trophy 2023 Title by defeating Malaysia(4-3) in the finals in Chennai, Tamil Nadu.

  • This victory marks India’s 4th win in the tournament including 2011,2016,2018,2023  and becomes the Successful team in the tournament surpassing Pakistan(2012,2013,2018).
  • Japan’s men’s hockey team defeated South Korea to secure the Bronze Medal(3rd place).
  • The 7th edition of the Asian Champions Trophy 2023 held from 3rd to 12th August 2023 in the Mayor Radhakrishnan Stadium, Chennai, Tamil Nadu.

About Asian Hockey Federation(AHF):
President – Dato Fumio Ogura
Headquarters -Kuala Lumpur , Malaysia
Established -1958


Padma Shri Recipient and Former President of JNCASR MRS Rao Passed AwayFormer President of  Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR)(Bengaluru, Karnataka) and Padma Shri award recipient Professor Manchanahalli Rangaswamy Satyanarayana Rao, popularly known as MRS Rao passed away. He was born in 1948 in Mysuru, Karnataka.

  • He served as JNCASR president from 2003 to 2013. Before 2003, he was the Chairman in Department of Biochemistry, Indian Institute of Science(IISC),Bengaluru.

Awards & Recognitions:
i.He received Padma Shri Award in 2010 for Science and Engineering.
ii.Goyal Prize by Kurukshetra University to honour eminent scientist in 2012-13.
iii.Year of Science(YoS) Chair Professor award for 2019-24 by Science and Engineering Research Board (SERB), a premier funding agency to support basic research in frontier areas of Science and Engineering.
iv.Federation of Indian Chambers of Commerce & Industry(FICCI) Award 2004-05 for the significant work in the category of Research & Development in Life Sciences.
Professional Activities:
i.MRS Rao was the Chairman of Research Council, Centre for Cellular and Molecular Biology(CCMB), Hyderabad from 2001 to 2003.
ii.He was also Chairman of  Task Force on Human Genetics and Genome Analysis, Dept of Biotechnology from 2003 to 2009.
iii.He also served as Chairman of Ramalingaswamy Fellowship selection committee,Dept of Biotechnology from 2017 to 2020.

International Youth Day 2023 – August 12 United Nations (UN’sInternational Youth Day is annually observed on 12th August across the globe to celebrate the potential and contributions of young individuals to society and to create awareness about the problems faced by them globally. The day also aimed to draw attention to a given set of cultural and legal issues surrounding youth.

  • The 2023 Theme of International Youth Day is “Green Skills for Youth: Towards a Sustainable World“.

Background:
i.The idea for International Youth Day was proposed in 1991 by young people who gathered in Vienna, Austria, for the first session of the UN’s World Youth Forum.

  • The Forum in partnership with youth organizations, recommended declaring International Youth Day, especially for fund-raising, to support the UN’s Youth Fund.

ii.In 1998, a resolution proclaiming 12 August as International Youth Day was adopted by the first session of the World Conference of Ministers Responsible for Youth, hosted by the Government of Portugal in cooperation with the UN in Lisbon.
iii.On 17th December 1999, the United Nations General Assembly (UNGA), endorsed the proclamation in its resolution A/RES/54/120 entitled “Policies and programmes involving youth”.
iv.The first International Youth Day was observed on 12th August 2000.

World Elephant Day 2023 – August 12 World Elephant Day is annually celebrated on 12th August across the globe to increase public awareness of the preservation and protection of elephants, the ‘Gentle Giants‘ worldwide.

  • This day also highlights the challenges encountered by the elephants, including habitat loss, poaching for ivory, human-elephant conflicts, and the need for better conservation efforts.

The 2023 theme of World Elephant Day is “Ending the Illegal Wildlife Trade“, which emphasises the significance of stopping the illegal trade in elephants and other animal products.
Background:
i.The idea of observing World Elephant Day was given by Canadian filmmakers Patricia Sims and Michael Clark of Canazwest Pictures and Sivaporn Dardarananda, Secretary–General of the Elephant Reintroduction Foundation in Thailand.
ii.The first World Elephant Day was officially founded, supported, and launched by Patricia Sims and the Elephant Reintroduction Foundation on 12 August 2012.

  • Since 2012, Patricia Sims continues to lead, support, and direct World Elephant Day, which is now recognised and celebrated by over 100 wildlife organisations in countries across the globe.

World Organ Donation Day 2023 – August 13 World Organ Donation Day is annually observed on the 13th August across the globe to spread awareness about the importance of organ donation to save more lives and to make people aware of the misconceptions about organ donation.

  • This day also aims to spread awareness and increase the number of people volunteering to donate their organs after death and to thank organ donors for their life-saving contributions.

The 2023 theme of World Organ Donation Day is “Step up to volunteer; we need more organ donors to fill the lacunae”.
Note: The theme focuses on demanding urgent attention from the local public to emphasises the significance of pledging for organ donation, with the aim of alleviating the ever-growing demand for organs.
Background:
i.The world’s first-ever successful living donor organ (Kidney) transplant was performed in 1954 in the United States of America (USA).

  • A man named, Ronald Lee Herrick donated his kidney to his twin brother, Richard Lee Herrick.

ii.The doctor who performed this surgery was named Dr. Joseph Murray. He won the Nobel Prize in Physiology and Medicine in 1990 for bringing advances in organ and cell transplantation in the treatment of human disease.
iii.Dr. Joseph Murray shared with E. Donnall Thomas, who was awarded the Nobel Prize for his development of bone marrow transplantation, which could cure patients with advanced leukemia.

Telangana launched India’s 1st Agricultural Data Exchange platform and ADMFK Taraka Rama Rao, Cabinet Minister for Information Technology, Electronics & Communications (IT, E&C), Telangana, launched India’s first Agricultural Data Exchange (ADeX) and Agriculture Data Management Framework (ADMF) in Hyderabad, Telangana. The ADeX has been developed as a Digital Public Infrastructure (DPI) for the agriculture sector.

  • ADeX is a collaboration between the Telangana Government, the World Economic Forum (WEF), and the Indian Institute of Science (IISc) Banglore(Bengaluru, Karnataka).
  • Both ADeX and ADMF provide the right platform to ensure fair and efficient usage of agricultural data by the industry and start-ups and provide a big growth to the data economy specifically in the agriculture sector.
  • These initiatives will create a comprehensive data economy for the future of agriculture and will enable large-scale innovation that will drive impact to the farmer community.

ADeX Platform:
i.It is an open-source, open-standard, and interoperable public good platform.
ii.Its primary goal is to democratise data access and equip both public and private sectors to develop applications and deliver services to benefit society.
iii.ADeX software platform facilitates the secure, standards-based exchange of data between agricultural data users like agri application developers and agricultural data providers like government agencies, private companies, etc.
iv.In Phase-I of the project, the ADeX Platform is currently deployed in Khammam city of Telangana and will be expanded to the entire Telangana state subsequently.
Agriculture Data Management Framework (ADMF):
i.ADF has been developed after extensive public and industry consultations on data protection, management, and innovation.
ii.Informed by domestic laws and regulations and converging global best practices, it is a forward-looking framework, with the objective of facilitating consent-based responsible data sharing.
iii.ADMF is applicable to all government departments dealing with agricultural activities as well as all agriculture information users and providers. The framework provides for a robust grievance redressal mechanism.
iv.The framework envisages an Inter-Departmental Committee, which will issue standard operating procedures and guidance on key aspects such as access controls, data quality, data service providers, etc.
About Telangana:
Chief Minister– K. Chandrashekar Rao
Governor– Tamilisai Soundararajan
Zoological Park– Nehru Zoological Park, Vana Vigyan Kendra Mini Zoo (Kakatiya Zoological Park)

Union Minister Nitin Gadkari inaugurates Multi-Level Flyover in Pune & launches One Pune CardThe Union Minister Nitin Gadkari, Ministry of Road Transport and Highways (MoRTH) inaugurated Rs 865 crore multi-level flyover built at Chandni Chowk in Pune, Maharashtra.

  • This bridge with a total length of 16.98 km will address traffic congestion in the city.
  • The internal and external service roads have been aligned with Mumbai-Bengaluru National Highway

Current Affairs – 12,13 & 14 August 2023

Maharashtra’s New Amravati station Becomes Central Railway’s 3rd Pink StationNew Amravati Railway Station (Amaravti, Maharashtra) became the 3rd station within Central Railway(CR) and the 1st station in Bhusaval Division of CR to be designated as a Pink Station, fully managed by women staff.

  • Central Railway became the first zone of the Indian Railways to set up all women managed station.
  • Matunga suburban station in Mumbai division became the 1st railway station in India to be operated by an all-woman staff in July 2017, followed by Ajni station in the Nagpur division in 2018.

About New Amravati station:
i.The New Amravati station has a staff strength of 12 women employees – 4 Deputy Station Superintendents, 4 Pointswomen, 3 Railway Protection Personnel and 1 Station Ticket Booking Agent.
ii.The station has a daily footfall of approximately 380 passengers and operates 10 trains.
Ministry of Railways approves closure of BRPL
The Ministry of Railways has granted in-principle approval for the closure of ‘Bastar Railway Private Limited (BRPL), a joint venture(JV)  of  NMDC Limited , IRCON International Ltd., Steel Authority of India Ltd.(SAIL) and Chhattisgarh Mineral Development Corporation Ltd. (CMDC).

  • The closure involved the transfer of assets and liabilities of BRPL to the Ministry of Railways.

About Bastar Railway Private Limited (BRPL):
BRPL was established as a project-specific JV company in 2016 for developing the 140-kilometer rail line project from Rowghat to Jagdalpur in Chhattisgarh.

  •  BRPL is still in the construction phase and has yet to generate revenue.

Shareholdings:

  • 26% – IRCON International Limited is  a Government of India Undertaking company under the Ministry of Railways.
  • 12% – SAIL is a Maharatna Public Sector Enterprise (PSE) under the Ministry of Steel.
  • 10% – CMDC is a Government  of Chhattisgarh undertaking company.

52% – NMDC Limited, formerly National Mineral Development Corporation, is a Navratna PSE under the Ministry of Steel.


Gujarat CM launched ‘Sinh Suchna’ Web App On World Lion Day Gujarat Chief Minister(CM) Bhupendra Patel launched the Sinh Suchna Web application on the occasion of World Lion day celebrated on 10th August 2023.

  • The purpose of the mobile app is  to help the state forest department track the movement of lions to prevent incidents of human-animal conflict.

Other Launches:

  • Bhupendra Patel  launched the ‘Lion Anthem Film’ which is produced by Ekta Janmay Chokshi and directed by Rohan Trivedi. The music has been composed by Nishit Mehta, sung by Brijraj Gadhvi while Parth Tarpara is the lyricist.
  • He also launched two books namely ‘The King of Jungle – Asiatic Lions of Gir, written by Indian Foreign Service (IFS) officer Sakkira Begum and ‘Hu Gir no Savaj’ by Shri Arvind Goswami.

Events organised:
The main event was organised in Sasan, the headquarters of Gir National Park and Wildlife Sanctuary (GNPWLS) in Junagadh district of Gujarat.
About Asiatic lion:
i.The Asiatic lions are found only in Gujarat.

  • The Asiatic lions comprise the world’s second most population of wild lions after African lions.

ii.India’s National Emblem is adapted from the Lion Capital of the Ashoka Pillar in Sarnath, Uttar Pradesh.
iii.Lion was chosen as the emblem for Make in India initiative (2014).
Conservation of Lion:
Project Lion:
In recognition of endangered status on the International Union for Conservation of Nature(IUCN)’s Red List of threatened species, the Union government has allocated Rs 2,900 crore under Project Lion for the conservation of Asiatic lions.

  • As part of the project, plans are underway to establish a lion breeding centre, an isolation facility, installation of CCTV cameras, procurement of radio collars, acquisition of drones and additional resources to ensure prompt medical care for the lions.
  • Project Lion proposes Barda Wildlife Sanctuary in Gujarat as second home for Asiatic lions

Note: The effort by the Govt of Gujarat also led to an increase in  the lion population from 411 in 2010 to 674 in 2020. Furthermore, the lion territory expanded from Gir forest, now encompassing an area of 30,000 sq km.
Additional Info:
i.The Chief Minister additionally disclosed plans for the establishment of a lion safari park near Una town within the Gir Somnath district of Gujarat. This initiative aims to alleviate the pressure on the Gir National Park located in Sasan-Gir.
ii.On the occasion, Prime Minister also launched “Lion @ 47: Vision for Amrutkal to secure & restore lions’ habitats.


MoH&FW launched 2nd Phase of Nationwide MDA Campaign for Lymphatic FilariasisOn 10th August 2023, Union Minister Dr. Mansukh Mandaviya, Ministry of Health and Family Welfare (MoH&FW), inaugurated the 2nd phase of the Annual Nationwide Mass Drug Administration (MDA) campaign for Lymphatic Filariasis (LF) in New Delhi, Delhi.

  • The 2nd phase will cover 81 districts in 9 endemic States – Assam, Bihar, Chhattisgarh, Jharkhand, Karnataka, Maharashtra, Odisha, Telangana, and Uttar Pradesh(UP).
  • During the event, Union Minister Mandaviya also launched the National Guidelines for Clinical Management of Dengue Fever 2023 and Chikungunya Fever.

Note: Lymphatic Filariasis, commonly known as elephantiasis, is a neglected tropical disease (NTD). LF is a Vector-Borne Disease transmitted by Culex mosquitoes.
Points to note:
i.India’s Accelerated Mission for Lymphatic Filariasis Eradication aims to achieve its goal of eliminating Lymphatic Filariasis by 2027, three years ahead of the global target.
ii.LF can be successfully eliminated from India, by encouraging public participation (Jan Bhagidaari) and adopting a ‘Whole of Government’ and ‘Whole of Society’ strategy.
Key People:
T.S. Singh Deo, Deputy Chief Minister (CM), Chhattisgarh; Brijesh Pathak, Deputy CM of Uttar Pradesh.
5 Pillars for Eliminating LF:

  • Multi-drug administration (MDA) Campaign is held twice a year synchronized with National Deworming Day (10th Feb and 10th August).
  • Early diagnosis and treatment; engagement of medical colleges for strengthening Morbidity management and disability (MMDP) services.
  • Integrated Vector Control with multi-sectoral coordinated efforts.
  • For inter-sectoral convergence with allied departments and ministries.
  • Leveraging existing digital platforms for LF and exploring alternate diagnostics.

IIM Bangalore’s Report on ‘Assessment of Employment Potential of JOn 10th August 2023, Department of Drinking Water and Sanitation under the Ministry of Jal Shakti,  released the report of the Study on Assessment of Employment Potential of Jal Jeevan Mission (JJM), in New Delhi, Delhi. The assessment was conducted by Centre for Public Policy under Indian Institute of Management Bangalore (IIMB), Benglauru(Karnataka).

  • The report of the study has estimated an employment generation potential of JJM to the tune of 2.82 crore person per year employment.
  • The report was prepared with technical support from the International Labour Organization (ILO).

Findings of the Report:
This report is the third in a series of findings released recently, on the impact of JJM on the lives of citizens in rural India.
i.Direct Employment:The report estimated that around 59.93 lakh persons get direct employment during the construction phase of JJM per year from the total employment generation of 2.82 crore person per year.

  • Around 40% of the direct employment (23.8 lakh person per year) is estimated to be contributed by the engagement of engineers, managers, plumbers, electricians, motor mechanics and chemists.
  • Additional employment:It also provides additional direct employment of 11.84 lakh person per year during the Operations & Maintenance (O&M) phase every year.
  • It also provides Additional 13.3 lakh person per year employment  during JJM operations phase.

ii.Indirect Employment:It Provides additional indirect employment to 2.22 crore persons per year in India through manpower engaged in production of the materials including pipes, valves, pumps.
Methods used for this Estimation:
The input-output model was used in the macro approach to estimate the impact of investment on employment across industries, whereas in the micro approach, sample data collected from completed JJM schemes from different states was used to estimate direct employment during the construction and O&M phases of the projects.
About Jal Jeevan Mission (JJM):
i.JJM was introduced by Prime Minister (PM) Narendra Modi in August 2019 to provide tap water connection to all rural households.
The coverage of tap water connections increased from 3.23 crore (17%) households in 2019 to 12.79 crore (65.81%) households in August 2023.
ii.Due to this mission,the issues of access to clean drinking water in Arsenic and Fluoride affected areas have also been fully addressed.
Reports related to Jal Jeevan Mission (JJM):
i.WHO Report:In June 2023, World Health Organisation(WHO) released its findings on the potential health impacts of JJM and estimated that with 100% coverage of tap water supplies, more than 4 lakh diarrheal deaths can be averted.
ii.According to Nobel laureate Prof. Michael Kemer‘s research, improving clean drinking water availability could prevent around 1.36 child fatalities (under 5 years) and lower child mortality rates by one-third.
About Ministry of Jal Shakti:
Union Minister – Gajendra Singh Shekhawat (Constituency- Jodhpur, Rajasthan)
Minister of State (MoS) – Prahlad Singh Patel (Constituency- Damoh, Madhya Pradesh) ; Bishweswar Tudu (Constituency- Mayurbhanj, Odisha)


Highlights of RBI’s 3rd Bi-monthly Monetary Policy of FY24; India’s real GDP to grow at 6.5% in FY24i.The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) met on August 8-10, 2023, and released the ‘Monetary Policy Statement, 2023-24 Resolution of the MPC‘ which kept India’s real Gross Domestic Product (GDP) growth unchanged at 6.5% in FY24 (2023-24) with FY24’s Q1 at 8%, Q2 at 6.5%, Q3 at 6%, and Q4 at 5.7%.
ii.This is on the back of higher rural and urban growth, increased investment activity and government’s plan of higher capital expenditure.
iii.Real GDP growth for Q1FY25 (April-June, 2024-25) is projected at 6.6%.
iv.The stance is to focus on withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth.
v.In order to encourage wider adoption of UPI (Unified Payments Interface) Lite, RBI has increased the transaction limit to Rs 500 from Rs 200. This will eliminate the need for multiple transactions for users.
RBI’s Policy Rates:
The MPC kept the policy rates unchanged in August 2023.


IIITD-IC & YES Bank Signed MoU to Scale up Indian StartupsIIITD Innovation and Incubation Centre (IIITD-IC), a section 8 company promoted by the Indraprastha Institute of Information Technology-Delhi (IIITD), has signed a Memorandum of Understanding (MoU) with YES Bank Limited (YES Bank) to support and scale up the growth of startup ecosystem in India.
Aim:

  • To enable enterprise banking, personal banking and beyond banking solutions required by the Startups.
  • To bridge the gap between startups and corporates with the right and in-time mentorship.

Features of the partnership: 
Under this MoU, IIITD-IC will strengthen the mentoring initiatives for startups, get access to experts across the industry and find new investment and funding opportunities to support startups.
With this partnership, YES Bank will offer banking facilities to Startups which are in the developmental phase at IIITD-IC through YES Bank’s YES HeadStartup programme.

  • YES HeadStartup programme is a dedicated banking solution for startups which provides end-to-end solutions for the banking and digital service requirements of the startup.
  • The banking facilities include, A salary account proposition for startups with only 5 employees; A fungible limit for credit cards for business and personal use and an API(Application Programming Interface) Sandbox facility.

Note: 
YES Bank is one of the first banks in India to adopt the Credit Guarantee Scheme for Startups (CGSS) which supports developing startups to scale up.
About YES Bank Limited:
YES Bank was incorporated in November 2003 & Commenced operations in 2004.
Managing Director(MD) & Chief Executive Officer(CEO)– Prashant Kumar
Headquarters– Mumbai, Maharashtra
Tagline– Experience our expertise
Chatbot– YES ROBOT


SEBI Reduces IPO Listing Timeline to 3 daysThe Securities and Exchange Board of India (SEBI) has reduced the timeline for listing securities after the closing of an Initial Public Offering (IPO) to 3 days (T+3) from the present requirement of 6 working days (T+6).

  • This will be an option for IPOs opening on or after September 1, 2023, and will be mandatory for public issues opening after December 1, 2023.
  • According to SEBI, the reduction in timelines for listing and trading of shares will benefit both issuers and investors.
  • Under the new guidelines, companies will have to finalise allotment before 6 pm on T+1 day. The transfer of funds will be made to unsuccessful applicants on T+2 day.

Benefits:
i.Swift access to raised capital allows issuers to promptly deploy funds for business expansion and other operational enhancements.
ii.Early access to credit ensures investors have more flexibility in allocating funds for other investment opportunities.
PAN verification:
i.Third-party verification will be carried out by the Registrar, to ensure the accuracy of the data provided by the applicant.
ii.The Registrar matches the Permanent Account Number (PAN) available in the applicant’s demat account. The PAN available in the applicant’s bank account is also cross-referenced.
Helios Capital Gets SEBI Approval to Launch MF business
Singapore-based Helios Capital Management PTE Ltd, which offers Portfolio Management Services (PMS) has been granted approval from the Securities and Exchange Board of India (SEBI) to launch a Mutual Fund (MF) business.

  • Once launched, Helios Mutual Fund will become the 46th entity to enter into the MF industry with an Asset Under Management (AUM) of Rs.46-lakh crore.

Background:
i.In February 2021, Helios Capital applied for a mutual fund license with the SEBI.
ii.In September 2022, Helios Capital received Sebi’s in-principle approval to float the MF business and another firm, which received the approval along with Helios Capital was Zeordha Broking Ltd.
Key Points:
i.Zerodha Broking Ltd and Old Bridge Capital Management Pvt Ltd are the 2 entities awaiting SEBI’s final nod for a MF license.
ii.Another three entities waiting for SEBI approval to enter the MF industry is Unifi Capital, Alpha Alternatives Fund Advisors and Wizemarkets Analytics.
iii.In June 2023, Bajaj Finserv Mutual Fund became the 43rd asset management company to enter into the MF space.


Protean & PayNearby Partner for Credit Marketplace on ONDC
Protean eGov Technologies(Protean) has partnered with PayNearby, a fintech platform owned by Nearby Technologies Private Limited to provide credit services on the ONDC (Open Network for Digital Commerce) network for last-mile borrowers and Micro, Small & Medium Enterprises (MSMEs).

  • Under this partnership, Protean will be an ONDC technology service provider through PayNearby’s Distribution as a Service (DaaS) network through over 12 lahks active PayNearby outlets.
  • Protean will also aggregate Loan Service Providers (LSPs) onto a single platform.

Note: 
Previously, PayNearby & Protean have partnered for paperless PAN(Permanent Account Number) Card services at nearby stores across India.


Supreme Court Forms All Women Team led by former J&K CJ Gita Mittal to Oversee Relief in ManipurSupreme Court of India(SC) is set to constitute an all-women committee of 3 former High Court judges led by former Chief Justice(CJ) of Jammu and Kashmir (J&K) High Court (HCGita Mittal to oversee the relief rehabilitation and rebuilding measures in Manipur.

  • The other members of the team include Justices Shalini Shashank Phansalkar Joshi, former Judge of Bombay HC and Justice Asha Menon, former Judge of Delhi HC.
  • The committee was constituted by the SC bench comprising Dhananjaya Yeshwant Chandrachud, Chief Justice of India(CJI); Justice Jamshed Burjor Pardiwala and Justice Manoj Misra.

Note: Gita Mittal was the 1st  woman CJ of the J&K and Ladakh High court (2018-2020).
Responsibilities of the All women’s team:
This will be a broad-based committee that will supervise, intervene and monitor relief and rehabilitation, restoration of homesteads, religious places of worship, better relief work, and others.
Other Appointment: 
The Supreme Court has also appointed Dattatray Padsalgikar, retired IPS officer of Maharashtra Cadre & former Director General of Police(DGP) of Maharashtra, to monitor the overall investigation of criminal cases(excluding 12 cases referred to the Central Bureau of Investigation(CBI)) from 42 state police Special Investigation Teams (SITs).
Key Points:
i.The supreme court has directed the Director General of Police (DGP) from 6 different states to nominate 6 officers of Deputy Inspector General (DIG) rank to supervise the SITs formed for these cases.
ii.They will be deputed to the CBI and carry out the investigation under the supervision of the joint Director of the CBI.
iii.This aims to enforce multiple layers of monitoring to ensure a fair and thorough investigation.
Note: 
Solicitor-General Tushar Mehta, representing the government of Manipur, stated that 11 cases related to sexual violence against women, including the Thoubal sexual violence incident were transferred to CBI.
Violence in Manipur: 
i.On 3 May 2023, ethnic violence erupted in Manipur between the Meitei people, a majority that lives in the Imphal Valley, and the Kuki tribal community from the surrounding hills.
ii.According to a recent status report by Manipur Government, more than 150 have died between May and June 2023.
iii.Around 252 people were arrested and another 12,740 were arrested as preventive measures. 


IRDAI Approved Appointment of Amit Jhingran as MD & CEO of SBI LifeThe Insurance Regulatory and Development Authority of India (IRDAI) has approved the appointment of Amit Jhingran as the Managing Director(MD) & Chief Executive Officer (CEO) of SBI Life Insurance Company Limited (SBI Life).

  • Amit Jhingran is set to succeed Mahesh Kumar Sharma, the incumbent MD & CEO of SBI Life.
  • Amit Jhingran is currently serving as the Chief General Manager(CGM), in State Bank of India (SBI), Hyderabad Circle, Telangana.

About Amit Jhingran:
i.Amit Jhingran joined SBI as a probationary officer in 1991 in Lucknow Circle, Uttar Pradesh (UP).
ii.He has also served as the Chief Executive Officer(CEO) of SBI, Chicago (Illinois), United States Of America(USA).
iii.During his career spanning over 3 decades he has held various assignments across international banking, retail banking, and branch management.
About Insurance Regulatory and Development Authority of India (IRDAI):
Chairman- Debasish Panda
Headquarters – Hyderabad, Telangana
Established in – 1999
Established under – Insurance Regulatory and Development Authority Act(IRDAI), 1999
About SBI Life Insurance Company limited(SBI Life): 
SBI life was started as a joint venture (JV) between State Bank of India (SBI) and French financial institution BNP Paribas Cardif.
Headquarters – Mumbai, Maharashtra
Incorporated in – 2000


CJI Announces Launch of ‘Suswagatam’ Portal for E-passes to Enter SC
Chief Justice of India (CJI) Dhananjaya Yeshwant Chandrachud launched ‘SuSwagatam’, a web-based and mobile-friendly application which enables advocates, visitors, interns and others to register themselves online and get e-passes to enter the Supreme Court of India(SC).

  • This will enable a user to avoid long queues, and obtain a paperless entry pass (e-pass) for access to the Supreme Court of India.
  • This was launched under the guidance of CJI DY Chandrachud to promote citizen-friendly access to justice delivery systems.
  • The portal was tested as a pilot project since 25th July 2023 and has received positive feedback from the users.

Russia launches Luna-25 Mission to Moon, its 1st Lunar Probe in 47 yearsOn 11th August 2023,Russia successfully launched Luna-25 Mission onboard the Soyuz 2.1b Fregat rocket to the Moon from the Vostochny Cosmodrome in Russia (Russian Far East).

  • This is Russia’s first moon mission since 1976
  • Luna-25 is also the first domestically produced moon probe in modern Russian history.

About Russia:
Capital– Moscow
Prime Minister– Mikhail Mishustin
Currency– Russian Ruble


Defence Ministry to Replace Microsoft Windows with Indigenous Maya OS with Chakravyuh
The Ministry of Defense (MoD) has decided to replace the Microsoft Operating System (OS) in all the computers with internet connectivity with the new indigenously developed OS “Maya” based on open-source Ubuntu, by the end of 2023. Chakravyuh, a security feature of Maya, is an end-point detection and protection system.

  • The development of the Maya OS began in 2021 and is developed collaboratively by the Defence Research and Development Organisation (DRDO), Centre for Development of Advanced Computing (C-DAC), National Informatics Centre (NIC), along with Indian software companies and academic institutions within 6 months.
  • Indian Navy clears usage of indigenous Maya OS and the Indian Air Force (IAF) and Indian Army are currently evaluating it.
  • The Maya OS introduces robust protection against cyber threats by offering an interface and functionalities that are similar to that of Windows OS and is user-friendly.
  • Chakravyuh creates a virtual layer between the user and the internet, thus, preventing cyber criminals and cyber attackers from accessing sensitive data.

Padma Bhushan Awardee & Nuclear Physicist Bikash Sinha Passed away at 78Padma Awardee and renowned nuclear physicist Bikash Chandra Sinha (aged 78) passed away in Kolkata due to age related ailments. He was born in Kandi, Murshidabad, West Bengal in 1945.
About Bikash Chandra Sinha:
i.He joined Bhabha Atomic Research Centre(BARC), Mumbai, Maharashtra in 1976.
ii.He served as the chairman of the board of governors, National Institute of Technology(NIT) Durgapur, West Bengal(WB).
iii.He has also served as the director of Saha Institute of Nuclear Physics (SINP), Kolkata, WB from 1992 to 2009 and Variable Energy Cyclotron Centre(VECC), Kolkata, WB, from 1987 to 2009.
iv.He was a member of the Scientific Advisory Council of the Prime Minister of India from 2005 to 2009 and also nominated to the council again in 2009.
v.He has also served as the President of the Indian Physics Association from 2007 to 2010.
Specialization Areas:
Nuclear Physics, High Energy Physics, Quark Gluon Plasma, Nuclear Medicine Precursory Signals of Earthquakes, Helium from Thermal Spring and Early Universe Cosmology.
Awards:
i.He was honoured with Padma Shri in 2001 and Padma Bhushan in 2010 in the Science & Engineering field.
ii.He was the recipient of the S.N. Bose Birth Centenary Award of the Indian Science Congress Association in 1994.
iii.He is also the recipient of West Bengal highest state award ‘Bangabibhushan’ (2022). He also received the ‘Rabindra Smriti Puraskar’ in 2022.
iv.He also won Humboldt Research Award by the Alexander von Humboldt Foundation, Germany and Prof. Meghnad Saha Memorial Lecture Award from The National Academy of Sciences, India.
Books:
He has authored a book titled ‘Sristi O Krishti Bandhanhin Granthi’ in Bengali, published by Ananda Publishers in 2012.


First-Ever UN’s World Steelpan Day 2023 – August 11The United Nations (UN)’s first-ever World Steelpan Day was observed on 11th August 2023, to recognise the cultural and historical significance of the Steelpan, the National Musical instrument of Trinidad and Tobago, and its correlation to cultural, social, and economic development.

  • Steelpan or steel drums orginiated in the islands of Trinidad and Tobago (T&T), one of the wealthiest countries in the Caribbean, during the 1930s.

Note: ‘Steelpan’ was declared as the National Musical instrument of Trinidad and Tobago in August 1992.
Background:
i.On 24th July 2023, the United Nations General Assembly (UNGA) adopted a draft resolution A/RES/77/316 and proclaimed the 11th of August every year as World Steelpan Day.
ii.In 2019, Port of Spain (POS), the capital city of T&T, was designated as a United Nations Educational, Scientific and Cultural Organization (UNESCO) Creative City of Music for its creativity through the Steelpan, as a strategic component for sustainable urban development.

  • Other Creative Cities of Music in the Caribbean are Havana, Kingston, and Santo Domingo.

iii.In 2022, the Government of T&T formally requested UNESCO to proclaim August 11 as World Steelpan Day from 2023, and annually, thereafter.
About Trinidad & Tobago:
Capital– Port of Spain
Prime Minister– Keith Christopher Rowley
Currency– Trinidad & Tobago Dollar


Rajasthan CM Launched Indira Gandhi Smart Phone Scheme in JaipurOn 10th August 2023, Ashok Gehlot, Chief Minister (CM) of Rajasthan, launched the Indira Gandhi Smart Phone Scheme during an event organised at the B.M. Birla Auditorium in Jaipur, Rajasthan.

  • During the event, CM also launched the ‘Digital Sakhi Book’.

About Indira Gandhi Smart Phone Scheme: 
i.Under this scheme, free smartphones with 3 years of data facility will be distributed to 1.3 crore women in Rajasthan. The beneficiaries will include girl students (class 9 to class 12) of government schools, college students, single women, and widows.
ii.Rs 6800 will be deposited in an e-wallet through DBT (Direct Benefit Transfer) for the purchase of these smartphones and SIM.
1st Phase:
i.In the first phase of the scheme, it aims to provide smartphones to approximately 40 lakh women. Those eligible for the first phase include women who served 100 days under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and 50 days under the Indira Gandhi Urban Employment Guarantee Scheme.
CM announced Fuel Surcharge Waiver for Electricity Consumers in Rajasthan
CM Ashok Gehlot announced a complete waiver of the fuel surcharge for all domestic and agricultural power consumers in Rajasthan.
It is noted that hereafter, no consumer will be required to pay the surcharge after using more than 200 units of electricity.

  • Previously, the waiver was applicable only to those who used up to 200 units of electricity per month.

What is Fuel SurCharge?
A fuel surcharge for power consumers is an additional fee on electricity bills, covering the cost of fuel used to generate power. This charge can vary based on factors such as the price of fuel and the efficiency of power generation methods.

  • It is often used to cover the expenses incurred in producing electricity using fossil fuels like coal, oil, or natural gas.

Current Affairs – 11 August 2023

CBI Academy Joins Interpol Global Academy Network as its 10th Member On 8th August 2023, the Central Bureau of Investigation (CBI) Academy, based in Ghaziabad, Uttar Pradesh joined the International Criminal Police Organization (INTERPOL) Global Academy Network as its 10th member through a virtual signing ceremony organized between CBI and Interpol at Global Complex for Innovation, Singapore for development and delivery of joint training program and research projects.

  • A letter of acceptance was signed by Deputy Inspector General(DIG) (Training) Mohit Gupta of the CBI Academy with Glenn Martindale, Director, Capacity Building and Training Directorate, Interpol in consultation with India’s Union Home Ministry, External Affairs Ministry and the Department of Personnel and Training.

INTERPOL Global Academy Network:
i.Established in 2019, the INTERPOL Global Academy Network is under the leadership of INTERPOL’s Capacity Building and Training Directorate. Its primary goal is to spearhead a worldwide strategy for law enforcement training.
ii.The Network has members in all regions and supports academic collaboration amongst Law Enforcement Training Institutions across the globe.
iii.The INTERPOL Global Academy currently has 10 members: Abu Dhabi, Argentina, Austria, Botswana, Colombia, India, Korea, Rwanda, Saudi Arabia and Spain.
Central Bureau of Investigation (CBI):
i.The CBI is a premier training institution in the fields of crime investigation, prosecution and vigilance functioning.
ii.It is the National Central Bureau of Interpol for India as well as a Nodal Agency for Transnational Organised Crimes, Anti-Corruption Crimes, Bank Fraud Cases and Cyber Crimes.
Director – Praveen Sood
Established in – 1963
Headquarters – New Delhi,Delhi


MeitY Launched IWBDC to Create Indigenous Web Browser with Advanced FeaturesOn August 9, 2023, the Ministry of Electronics & Information Technology (MeitY) launched the Indian Web Browser Development Challenge (IWBDC), Open Challenge Competition for Indian technology enthusiasts to create an indigenous web browser with advanced security features.

  • It was jointly launched by Sunita Verma, Scientist G & Group Coordinator (Research & Development- R&D in Electronics & Information Technology); Arvind Kumar, Controller of Certifying Authorities (CCA), MeitY; and Dr. S. D. Sudarshan, Executive Director C-DAC (Centre for Development of Advanced Computing), Bengaluru, Karnataka during a Launch Programme organized at India Habitat Centre, New Delhi, Delhi.
  • The dignitaries also unveiled the Challenge brochure during the event.
  • This Challenge is spearheaded by MeitYCCA and C-DAC Bengaluru.

About IWBDC:
Aim:
To motivate and empower technology enthusiasts, innovators, and developers from India to create web browser with an inbuilt CCA India root certificate, advanced features and strong security & data privacy measures.
Rounds:
The competition comprises three rounds: an ideation round selecting 18 entries, a second round narrowing down to 8 participants, and a final round to determine the winner, first runner-up, and second runner-up. Throughout the challenge, participants will receive technical mentorship.
Prize money:

  • The total prize money of the challenge is Rs. 3.41 crore.
  • The winner will receive a prize of Rs. 1 crore and ongoing support to further develop the browser.

Key Points:
The browser’s key focus will be on accessibility and user-friendliness, including support for individuals with different abilities. It will also offer the capability to digitally sign documents using a crypto token, enhancing secure transactions and digital interactions.
Participants:
The program was participated by more than 200 participants from government departments, industry, start-up and academia through on-line and off-line mode.


NABARD supports Rajasthan to Get 5 GI Tag certification for Traditional ProductsThe National Bank For Agriculture And Rural Development(NABARD) supported Rajasthan to get a Geographical Indications (GI) tag for five traditional products including Nathdwara Pichhwai Craft of Rajsamand, Udaipur Koftgari Metal Craft, Bikaner Kashidakari Craft, Jodhpur Bandhej Craft and Bikaner Usta Kala Craft.
Advantages of getting GI Tags:
i.GI tags are crucial in rural off-farm development because they act as product differentiators, boost brand building, provide local employment, create a regional brand, generate spin-off benefits in tourism and cuisine, and help to conserve biodiversity.
ii.It also improves market access, raises knowledge, and strengthens producers’ ability to assert their rights.
iii.It is supported to empower local communities by enhancing their income levels and preserving the intactness of disappearing artworks.
Nathdwara Pichhwai Craft:
i.The Nathdwara Pichhwai Craft has a 400-year history and depicts the glorious life of  Lord Shrinathji(Lord Krishna).

  • These paintings were used to decorate the walls of temples in Nathdwara, Rajasmand district, Rajasthan.

ii.The word Pichhwai comes from the Sanskrit words, ‘pich’ meaning back and wais’ meaning hanging.
iii.The colours used in Pichhwai painting are natural colours including vibrant blue, green, brilliant red, and Oranges.

  • The most beautiful ones are mainly filled with pure gold.

iv.Themes commonly used in Nathdwara Pichhwai Crafts are based on Ramayana, Krishna Lila, Choura Panchasika, Ragamala series and Gita Govinda.

  • Nathdwara Pichhwai Craft is a Handi Crafts goods.

Note:
The other four GI products Udaipur Koftgari Metal Craft, Bikaner Kashidakari Craft, Jodhpur Bandhej Craft, and Bikaner Usta Kala Craft explained in Rajasthan GI Tags
Renewal:
A registered GI shall be valid for 10 years and can be renewed on payment of renewal fee.
Additional info:
i.In Rajasthan, NABARD also promotes the farm and off-farm sectors through skill development programmes, GI, promotion of farm and off-farm producer organisations, farmer exposure tours, and improvement of watersheds and wadis for tribal people.
ii.NABARD spent Rs.31.04 crore on different developmental activities in Rajasthan during the financial year 2022-23.


IBA forms Sectoral Committee for 26 Banks in GIFT CityThe Indian Banks’ Association (IBA) constituted a sectoral committee to frame the unique regulatory landscape and address challenges faced by 26 member banks operating within the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat.

  • The committee is intended to function as a bridge connecting the banking sector and regulatory bodies, ensuring effective communication and resolution of concerns and perspectives.

Why the committee?
i.Due to the differential  regulatory guidelines between banks operating within GIFT City and those outside, there is a need for a dedicated committee to focus on resolving the challenges encountered by International Financial Services Centre (IFSC) Banking Units (IBUs) .
ii.The committee will represent the collective interests of the banks operating within GIFT City.
iii. In the past, banks used to independently raise the issues they were experiencing with the International Financial Services Centre Authority (IFSCA).
About  Indian Banks’ Association (IBA):
Chief Executive – Sunil Mehta
Headquarters – Mumbai, Maharashtra
Established in – 1946
About Gujarat International Finance Tec-city co. ltd. (GIFT-City)
Managing Director & Group Chief Executive Officer(CEO) – Tapan Ray
Headquarters –  Gandhinagar, Gujarat


Axis Bank to raise stake in Max Life to 16.22% via Rs 1,612 crore Investment On August 9, 2023, Axis Bank Limited announce to raise its stake in Max Life Insurance Company Limited to 16.22% from 9.99% by infusing Rs 1,612 crore (USD 194.6 million) through a preferential allotment of shares.

  • The proposal for the same was approved by the acquisitions, divestment and merger committee of Bank’s board.
  • This capital infusion will help Max Life to support its growth ambitions, augment capital position and improve solvency margins.

Background:
Axis Bank, along with its entities (Axis Securities and Axis Capital), had acquired a 12.99% stake in Max Life in 2021, and through this new investment they will own 19.02% in the Max Life.
Key points:
i.The increase in the stake by the bank will be done through a share subscription agreement with Max Life through subscription to the preferential issue of 14,25,79,161 fully paid-up equity shares of face value of Rs 10 each at a fair market value of Rs 113.06 per share.
ii.Currently, Max Financial holds an 87% in Max Life. On completion of the proposed capital infusion, Max Financials’ shareholding will reduced to 80.98%.
iii.After the investment, Five nominee directors of Axis entities and three nominee directors of Max Financial will be there on the board of Max Life.
About Axis Bank:
MD & CEO– Amitabh Chaudhry
Headquarters– Mumbai, Maharashtra
Establishment– 1993
Tagline– Badhti Ka Naam Zindagi


Kotak Life partners with ESAF Bank to offer Life Insurance to customers
On 9th August 2023, Kotak Mahindra Life Insurance Company Ltd (Kotak Life) announced its corporate agency tie-up with ESAF Small Finance Bank (ESAF Bank) to offer life insurance to ESAF Bank customers.

  • The tie-up plans to benefit 68 lakh customers of ESAF Bank through life insurance products provided by Kotak Life, including protection, savings, investment and retirement through ESAF Bank’s 700 banking outlets spread across 21 States and 2 Union Territories(UTs).

L&T, partners to invest $4B in Green Hydrogen Projects ; To Acquire NPCIL stake in Arm i.Larsen & Toubro (L&T) and its green hydrogen joint venture (JV) partners viz. Indian Oil Corporation Limited (IOCL) and ReNew Power, will invest upto USD 4 billion (Rs 32,000 crore) in their green hydrogen businesses over next three to five years.
ii.The focus of this collaboration is to harness the potential of green hydrogen, a clean and sustainable alternative to traditional fossil fuels.
iii.L&T is also looking to procure 26% stake that Nuclear Power Corporation of India (NPCIL) currently holds in L&T Special Steel and Heavy Forging.  In pursuit of this acquisition, L&T is prepared to invest approximately Rs 150 crore.
About Larsen & Toubro (L&T):
Chief Executive Officer & Managing Director– Sekharipuram Narayanan Subrahmanyan
Headquarter– Mumbai, Maharashtra

GRSE launched Neerakshi, India’s first Indigenous AUV to Detect Mines On 28th July 2023, Garden Reach Shipbuilders and Engineers (GRSE) Ltd,  Public Sector Undertaking (PSU) under the Ministry of Defence(MoD) launched “Neerakshi”(Eyes in the Water), India’s first of its kind indigenous Autonomous Underwater Vehicle (AUV) to detect mines in Kolkata, West Bengal(WB).

  • It is developed through a collaboration between Kolkata-based warship maker GRSE Ltd and Micro, Small & Medium Enterprises (MSME) entity Aerospace Engineering Private Ltd (AEPL).
  • AUV Neerakshi was unveiled by Samir V Kamat Secretary Defence Research and development Department (DDR&D) and Chairman of  Defence Research and Development Organisation (DRDO).

About AUV Neerakshi:
i.The orange-colored prototype of the cylindrical unmanned vehicle is 2.1 meter long, about a foot (0.30 meter) in diameter and weighs around 45 kilograms.
ii.It has a endurance of 4 hours and can go up to 300 meters deep.
iii.It can be deployed across the coastal waters for ensuring safety of the coast.
iv.Currently, Neerakshi is equipped with mine detection capabilities, though the objective is to also facilitate mine disposals in the future.
v.Neerakshi can perform various tasks, including mine detection, mine disposal, and underwater surveying.
Note:
The commercial launch is likely to be within 6 months to a year after trials by the Indian Navy, Coast Guard, and Army.


TLMAL delivers 200th C-130J Super Hercules EmpennageTata Lockheed Martin Aerostructures Limited (TLMAL), a joint venture between Tata Advanced Systems Limited (TASL) and Lockheed Martin Aeronautics,  delivered its 200th Empennage (the tail structure located at the rear of an aircraft for stabilisation) of C-130J (world’s workhorse) Super Hercules under Make in India initiative .

  • TLMAL is the sole worldwide provider of C-130J empennage assemblies, which are integrated into all new Super Hercules aircraft manufactured in Marietta, Georgia, United States of America (USA).

About Empennage:
i.Every empennage manufactured by TLMAL significantly contributes to enabling the powerful Super Hercules to embark on missions of paramount importance, influencing lives and creating historical significance.
ii.Constructing and assembling an empennage involves numerous intricate components.
iii.The empennages made by TLMAL are included in C-130Js operated by seven countries, including India.
iv.The empennages of C-130J Super Hercules were delivered from TLMAL’s manufacturing facility located in Hyderabad, India.
Empennage Components:

  • Aircraft’s horizontal and vertical stabilisers.
  • Leading edges and tip assemblies.

About C-130J Super Hercules:
i.The C-130J-30 is a stretch version of the C-130J, a proven, highly reliable and affordable airlifter.
ii.It is the airlifter of choice for 22 nations and 26 operators around the world.
iii.The C-130Js support critical worldwide search and rescue, peacekeeping, combat delivery, maritime patrol, special operations, aerial refuelling, commercial cargo transport, medevac and humanitarian response missions.
Additional info:
i.In March 2023, Lockheed Martin and Tata Group signed a Memorandum of Understanding(MoU) to begin the implementation of fighter wing production.
ii.TLMAL empennages are also included in the LM-100J ─ the commercial variant of the Super Hercules.
About Tata Lockheed Martin Aerostructures Limited (TLMAL):
Headquarters – Hyderabad, Telangana
Established in – 2010
About Lockheed Martin Aeronautics:
Chairman, President & Chief Executive Officers(CEO) – James D. Taiclet
Headquarters – Maryland, United States of America(USA)
Established in – 1912
About Tata Advanced Systems Limited (TASL)
Managing Director(MD) & Chief Executive Officers(CEO) – Sukaran Singh
Headquarters – Hyderabad, Telangana
Established in – 2007


Indian Army secures patent for AI-driven Accident Prevention SystemThe Indian Army (IA) has secured a patent for an Accident Prevention System based on Artificial Intelligence (AI)’ which is poised to enhance road safety and mitigate accidents.

  • It is developed within the Army’s research and development (R&D) division, and Colonel Kuldeep Yadav has been credited as the inventor of this prevention system.
  • This system saves lives by alerting drivers from falling asleep & reduces accidents caused by drowsiness.

Key Points:
i.The patent will remain valid for a duration of 20 years from 2nd February 2021(date of filing), in accordance with the provisions of Patents Act 1970.

  • The patent was officially granted on July 11.

ii.Before securing the patent, the AI-based accident prevention device was subjected to rigorous testing in the buses of two state transport corporations – Andhra Pradesh(AP) and Telangana.
iii.The device proved suitable for use in trucks as well, signifying its potential to contribute significantly to road safety beyond military applications.

108th Foundation Day of ZSI: 3- days Programme held with Special Focus on ‘Mission Life’Union Minister Bhupender Yadav, Ministry of Environment, Forest and Climate Change (MoEFCC) inaugurated a 3-day celebration programme of the 108th Zoological Survey of India (ZSIDay with Special Focus on ‘Mission LiFE (Lifestyle for Environment) at Nicco Park in Kolkata, West Bengal.

  • Inauguration of Animal Taxonomy Summit (ATS) 2023, its a first of its kind in our country, was organised by ZSI as part of the programme , where 400 delegates across India and abroad including the Natural History Museum, London, the United Kingdom (UK) participated.

The Zoological Survey of India (ZSI) on commemorating its 108th Foundation Day, released a publication titled ‘75 Endemic Birds of India‘ during the 3 days programme held in Kolkata, West Bengal . As per the publication, 78 (about 5%) of birds found in India are Endemic and are not reported in other parts of the world.
About Zoological Survey of India (ZSI):
Director– Dhriti Banerjee
Headquarters– Kolkata, West Bengal
It was established on 1st July 1916 to promote survey, exploration and research leading to the advancement in our knowledge of various aspects of an exceptionally rich life of the erstwhile ´British Indian Empire´.


Jayarama Bhat Former MD&CEO of Karnataka Bank Passes AwayOn 09th August 2023, Polali Jayarama Bhat, the former Managing Director(MD) & Chief Executive Officers(CEO) of Karnataka Bank passed away. He was born on 14th November 1951, in Polali, a small town near Mangalore, Karnataka.

  • He served the Bank for over 48 years from April 1973 to November 2021.

Timeline:
i.Jayarama Bhat joined the services of Karnataka Bank as a Probationary Officer in January 1973.
ii.On July 14, 2009 he was appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Karnataka Bank.
iii.In April 2017, Jayarama Bhat chose to step down from his role as MD and CEO.

  • Subsequently, he was appointed by the Reserve Bank of India (RBI) as the Part- time Non-executive Chairman of Karnataka Bank in the same month. He held this position until his retirement on November 13, 2021.

Awards and Recognition:

  • Outstanding Manager Award from Mangalore Management Association.
  • CEO with HR(Human Resource) Orientation by Asia Pacific Human Resource Management (HRM) Congress.
  • A. Shama Rao Memorial Outstanding Achievement Award by A. Shama Rao Foundation.
  • New Year Award-2015 jointly by Manipal University, Academy of General Education, and Syndicate Bank.
  • T. A. Pai Memorial Shrestha Banker Award from Delhi Kannadiga.

Roles and Appointments:
i.He served on the board of Universal Sompo General Insurance Company Ltd, a joint venture involving Karnataka Bank, where he held the position of Nominee Director.
ii.From August 2010 to August 2014, he served as a member of the Management Committee of the Indian Banks’ Association (IBA).

  • During this timeframe, he concurrently held the position of Chairman for the “IBA Committee on Member Private Sector Banks.”

iii.He was also the chairman of the Governing Board of Southern India Banks‟ Staff Training College (SIBSTC), Bengaluru.
Additional Info:
Following his successful completion of the Certified Associate of the Indian Institute of Bankers (CAIIB) examination in 1986, he taught at Government Junior College, Mulki(Mangalore, Karnataka) for three months in 1972.


Poet-Diplomat Abhay K Launches his New Book ‘Monsoon’ 
On 1st August 2023, Indian-poet-diplomat Abhay Kumar (Abhay K) the Deputy Director General of Indian Council of Cultural Relations (ICCR) launched his new new book titled “Monsoon: A Poem of Love and Longing”, a book-length poem running across 150 four-line stanzas, at Kathika Culture Centre in Old Delhi, Delhi.

  • The book was published by Sahitya Akademi on the occasion of its 68th anniversary (13th March 2022).
  • The book is a poem that follows the monsoon which originates from Madagascar and travels to the Srinagar in the Himalayas and back to Madagascar.

Forthcoming works of Abhay K: 
i.His upcoming book titled ‘Celestial’ (Mapin India) is a poem in 100 rhyming couplets, that details the journey to all the 88-star constellations visible from Earth. It is illustrated with the drawings of star constellations of the 10th-century Persian astronomer Al Rahman Al Sufi.
ii.Penguin Random House is set to publish his translation of the first Magahi novel ‘Phool Bahadur’ by Jayanath Pati in January 2024.

World Bio-Fuel Day 2023 – August 10World Bio-Fuel Day is observed annually on 10th August to create awareness about the importance of non-fossil fuels or bio-fuels as an alternative to conventional fossil fuels for the energy sector.

  • The day also honours Rudolf Diesel, a French-German Inventor, who invented the Diesel Engine in 1892.
  • The day also tries to highlight the various efforts taken by the Government to promote the use of biofuel for the sustainable development of the planet.

Background:
The Ministry of Petroleum and Natural Gas(MoPNG) initiated the observance of World Biofuel Day in India in 2015.
Why August 10?
10th August marks the day on which German inventor and mechanical engineer Sir Rudolf Christian Karl Diesel for the first time successfully ran the Diesel engine with peanut oil in 1893.


World Lion Day 2023 – August 10World Lion Day is annually observed on 10th August across the globe to raise awareness about Lions, the ‘Majestic King of the Jungle‘ and highlight the threats faced by the lion population across the world.

  • The day also aims to promote efforts for the conservation and protection of the Lion, the second-largest Big Cat Species in the World.
  • The Lions (Panthera Leo) roamed freely across the jungles of Africa, Asia, Europe, and the Middle East some 3 million years ago.

Background:
i.In 2013, Dereck and Beverly Joubert, the co-founders of Big Cat Initiative (BCI) and National Geographic began a partnership to establish World Lion Day.
ii.The first World Lion Day was observed in 2013.
iii.In 2009, the National Geographic Society, in partnership with Dereck and Beverly Joubert, founded the BCI to halt the decline of big cats in the wild.


Justice Subhasis Talapatra Sworn in as 33rd Chief Justice of Orissa High CourtOn 8th August 2023, Justice Subhasis Talapatra, Judge of the Orissa High Court, took oath as the 33rd Chief Justice (CJ) of the Orissa High Court. The oath ceremony was administered by Prof. Ganeshi Lal, the Governor of Odisha.

  • Justice Subhasis Talapatra succeeded Justice Dr. S Muralidhar following his superannuation on 7th August 2023.
  • Justice Subhasis Talapatra is set to retire on October 3, 2023.

Current Affairs – 10 August 2023

Drone Manufacturer Dhaksha Wins Contract from Indian Army for supply of 200 Drones, AccessoriesChennai (Tamil Nadu) based Drone Manufacturer, Dhaksha Unmanned Systems Pvt. Ltd(DUMS), a subsidiary of Coromandel International Limited, an Agri-solutions provider, has bagged an order worth Rs 165 crore to supply 200 medium-altitude logistics drones, and accessories to the Indian Army.

  • Recently, DUMS has also won a contract from the Indian Farmers Fertiliser Cooperative (IFFCO), agri inputs cooperative, to supply 400 agri-spraying drones.
  • These two orders are set to be delivered within the next 12 months.

Note: Additionally, the DUMS‘ strong order pipeline further increases the potential for increased revenues for the ongoing year.
Key Points:
i.DUMS has been selected by the Indian Army to supply its logistics drones. The company is committed to building the latest technologies for drone manufacturing and serving to requirements of the defense sector as well as the farming community of India.
ii.The defense contract serves as a huge validation of Dhaksha’s technology capability and it recognises the company’s ability to capture opportunities in Unmanned Aerial Systems (UAS) space.
iii.The agri-spraying drones are designed to assist farmers in optimising crop management practices by providing precise and targeted spraying of fertilisers and pesticides.
iv.DUMS has a technology collaboration with Anna University, Chennai (Tamil Nadu) and is the 1st company in India to obtain the Directorate General of Civil Aviation DGCA Type Certification for the commercial sale of drone for 3 different drone models (Agri – Hybrid, Agri – Electric, and Surveillance drones).
About Dhaksha Unmanned Systems Pvt. Ltd:
Chief Executive Officer (CEO) & Director– Ramanathan Narayanan
Headquarters– Chennai, Tamil Nadu
Incorporated in– 2019


MSDE launched Special Skill Development Program for North East Region On 8th August 2023, The Ministry of Skill Development and Entrepreneurship (MSDE) launched ‘Transforming lives, building futures: Skill development and entrepreneurship in North-East’, a special skill development program to create a robust skill-centric and industry-ready ecosystem in North-Eastern Region (NER). 

  • The initiative was jointly unveiled by Dharmendra Pradhan, Union Minister, MSDE, Union Minister G. Kishan Reddy, Ministry of Development of North Eastern Region(MoDONER) and Rajeev Chandrasekhar, Minister of State(MoS) for MSDE in New Delhi, Delhi.

Key points:
i.The government of India has allocated a substantial fund of Rs 360 crore to promote inclusive development, foster entrepreneurial talent, and catalyze socio-economic growth in the NER.

  • It will benefit more than 2.5 lakh youth in phase one, which will make them job ready for domestic as well as international markets.

ii.The North East Skills Development and Entrepreneurship initiative emphasizes aligning courses with the National Skills Qualification Framework (NSQF), supported by digital infrastructure to develop well-rounded professionals through an ‘earn and learn’ mode.
iii.The Initiative includes:

  • 2 Lakh skill training under Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
  • 30,000 Apprenticeship Engagement under National Apprenticeship Promotion Scheme (NAPS)
  • 20,000 to be skilled under Jan Shikshan Sansthan (JSS)
  • Quality enhancement of ITIs under skill strengthening for industrial value enhancement (STRIVE)
  • Strengthening of Polytechnics
  • Special projects will be taken up for the special needs of the North-East region under Skills Acquisition and Knowledge Awareness for Livelihood Promotion (SANKALP)
  • Skill India International Centre to be set up to promote overseas job opportunities.

iv.Additionally, efforts are being made to provide vocational education and skill development programs for skilled professionals in agriculture, tourism, handicrafts, and IT.


India’s eGov Foundation, UNDP Indonesia sign MoU to improve Medical Waste Management in IndonesiaThe United Nations Development Programme (UNDP) Indonesia and India’s eGov Foundation have signed a Memorandum of Understanding (MoU) to tackle the critical challenge of infectious medical waste management in Indonesia.
Aim:
To utilize eGov Foundation’s Digital Public Infrastructure (DPI) – DIGIT (Digital Infrastructure for Governance, Impact & Transformation) to implement a cohesive solution at speed and scale
Need behind this MoU:
The need for this collaboration is highlighted by recent data from Indonesia’s Ministry of Environment and Forestry Affairs (MOEF), which reported a 30% increase in daily medical waste to 382 tons after the COVID-19 Pandemic, as compared to approximately 293 tons of pre-pandemic levels.
Key Points:
i.This MoU will bring visibility and accountability in the management of infectious medical waste in Indonesia’s 13,000 health facilities.
ii.Through the partnership, Indonesia will use eGov Foundation’s DIGIT Sanitation platform to handle various waste types.

  • It should be noted that DIGIT is used in 6 countries with 16 governments and 100+ partners serving 250 million citizens, using flexible micro services architecture for large-scale deployment.

iii.Notably, UNDP Indonesia through the ME-SMILE is collaborating and utilizing the expertise of regional and global partners. ME-SMILE has started managing medical waste in 32 hospitals and 1 health center.

  • Now, by teaming up with eGov’s DIGIT platform, they aim to expand waste traceability beyond medical waste.

About Indonesia:
Indonesia is moving its capital city from Jakarta to Nusantara, the island of Borneo. Currency– Indonesian Rupiah
President– Joko Widodo


AU SFB Launched India’s first 24×7 Video Banking ServiceOn 08th August 2023, AU Small Finance Bank (AU SFB), India’s Largest Small Finance Bank, became the first bank in India to offer 24X7 for 365 days video banking facility to all the customers(including account holders under Pradhan Mantri Jan Dhan Yojana(PMJDY) ) for free of cost.

  • Video Banking provides customers with a branch-like experience, enabling them to engage in face-to-face interactions with AU Video Banking relationship managers  over a video call.
  • The customer needs to be at least 18 years of age and located within India while making the video call.

Services offered:
i.Opening of Savings Account & Booking for Fixed Deposit(FD).
ii.Initiating financial transactions like Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT) and Internal Fund Transfer.
iii.Other services like mobile number updation, address change, dormant account activation, registration of net banking without debit card.
Timeframe:

  • The Video Banking service for initiating account openings is accessible every day, including Sundays and Bank Holidays, only from 8 am to 9 pm.
  • The Video Servicing feature, catering to inquiries and service requests, is operational only  from 8 am to 8 pm.

Mode of connection: Via AU 0101 Mobile Application or by NetBanking.
Security Measures:

  • Verification of mobile numbers via One-Time-Password (OTP).
  • Facial recognition powered by Artificial Intelligence(AI).
  • Customised security queries.
  • Recording of calls.
  • Strict due diligence on all financial transactions and service requests.

Required Documents: 
i.For Account Opening- Original PAN Card.
ii.For Video Banking (Servicing)- Any Officially Valid Document (OVD) apart from Aadhaar.
Note: Video Know Your Customer (KYC) is a part of Video Banking  which offers 400+ services.
About AU Small Finance Bank (AU SFB):
Managing Director & Chief Executive Officer(CEO) – Sanjay Agarwal
Headquarters – Jaipur, Rajasthan
Established in – 1996
Tagline – Badlaav Humse Hai


Airtel Payments Bank Launches India’s 1st Eco-Friendly Debit CardOn 8th August 2023, India’s first payment bank, Airtel Payment Bank also became the first Indian Bank to launch an eco-friendly debit card for its new and existing customers with a savings bank account.

  • The debit cards will be crafted from recycle- Poly Vinyl Chloride (r-PVC) material, a certified eco-friendly material, against normal PVC cards.
  • The introduction coincides with the Bank’s dedication to sustainability and its drive to advocate for environmentally conscious practices within the financial industry.

Environmental Impact:
i.Each production batch of 50,000 cards will result in a reduction of 350 kgs of carbon emissions compared to the traditional PVC cards commonly used in the market.
ii.The production of r-PVC cards will lead to a 43% reduction in hydrocarbon consumption, playing a role in curbing petroleum usage during the manufacturing process.
iii.With each batch of r-PVC cards contributing to the conservation of an 6.6 million litres of water.
About new Debit cards:
Airtel Payments Bank debit card comes in two variants(under Classic variant)
i.Personalised Classic Card – Availed through the Airtel Thanks mobile application.
ii.Insta Classic Card –  Availed at selected neighbourhood banking points (by the close of the current quarter).
Note: The cards also offer the rewards with e-commerce benefits of up to INR 10,000, as well as complimentary One Dines experiences in major cities across India.
About Airtel Payments Bank Limited:
Managing Director(MD) & Chief Executive Officer(CEO)  – Anubrata Biswas
Headquarters – New Delhi, Delhi
Established in – 2017


Exim Bank of India launches Factoring Subsidiary ‘Exim Finserve in GIFT City, GujaratOn August 8, 2023, the Export-Import Bank of India (Exim Bank of India) launched its subsidiary- India Exim Finserve IFSC Private Limited (Exim Finserve) at the Gujarat International Financial Tec (GIFT) City in Gandhinagar, Gujarat.

  • It was inaugurated by Dr. Vivek Joshi, Secretary, Department of Financial Services (DFS), Ministry of Finance.
  • This subsidiary is set to provide a suite of trade finance solutions to Indian exporters, with a primary emphasis on export factoring.
  • Exim Finserve is the first finance company in GIFT City for export factoring.

Note: The subsidiary of Exim Bank was announced in the Union Budget 2023 by Union Finance Minister Nirmala Sitharaman.
Services to be provided by Exim Finserve to Exporters:
The subsidiary aims to empower exporters with a trio of services:

Key Points:
i.The services by Exim Finserve will improve cash flow and reduced payment risk for exporters.

  • It will enhance the export competitiveness of Micro, Small, and Medium Enterprises (MSMEs) as they can provide attractive credit terms to buyers without facing associated risks.

ii.During the launch event, Exim Bank also released a study titled “Strengthening Collaborations to Bridge the Trade Finance Gap: Insights for G20 Countries”. The study notes that the trade finance gap expanded to US$ 2 trillion in 2021/22.
About Exim Bank of India:
Managing Director– Harsha Bangari
Establishment– 1982
Headquarters– Mumbai, Maharashtra


PayU and CSC Academy to offer Financial Education to Underprivileged People
PayU India and CSC Academy collaborated to provide digital and financial literacy to the weak and underprivileged segments of society from July 1 2023 to June 30, 2024.

  • Under this Mobile vans will be stationed in and around three districts in Delhi/Gurugram (Haryana), Mumbai (Maharashtra), and Bengaluru (Karnataka) to provide financial and digital literacy instructions as well as other civic services for people between the ages of 15 and 60.
  • Underprivileged segments of society include SC (Scheduled Caste), ST (Scheduled Tribe), BPL (Below Poverty Line), and Women.

Note: PayU India is a leading online payment service provider in India, and CSC Academy is a SPV (Special Purpose Vehicle) of the Ministry of Electronics & Information Technology (MeitY).
Key Points:
i.The main objective of this campaign is to improve the standard of living for an expanding number of people by including them in the Government of India’s Digital India plan.

  • This campaign would encourage common people to save and invest money while also promoting secure digital financial transactions

ii.This drive seeks to motivate ordinary citizens to save, invest, and engage in secure digital financial transactions, fostering both financial and digital literacy.
iii.By utilizing the advantages of Information & Communications Technology (ICT), this initiative aims to seamlessly integrate technology into rural dwellers’ daily routines, particularly enhancing healthcare, income opportunities, and education.
iv.Village Level Entrepreneurs (VLEs) from CSC will play a pivotal role in administering this campaign, aiming to train approximately 50,000 individuals per year through each van.


Bandhan Bank & Odisha Govt Partnered to facilitate OTDC payment solutions
On 7th August 2023, Kolkata (West Bengal) based-Bandhan Bank Limited, partnered with the Government of Odisha, to support the payment solutions for the Odisha Tourism Development Corporation (OTDC) Ltd.

  • The Bank has introduced Point of Sale (PoS) machines, which offers a seamless card payment experience and are placed in prime locations across popular tourist destinations in Odisha including Puri, Bhubaneshwar, Konark, Chilka, and Gopalpur.
  • Bandhan Bank will be providing the machines to OTDC and these PoS machines provide easy and quick payment solutions to tourists, thus bringing convenience, both for the tourists and OTDC officials.
  • The Electronic Data Capture (EDC) machines will also help prevent revenue loss for OTDC, due to the lack of cash carried by the tourists. This initiative is also aligned with India’s vision of a ‘Cashless Economy’.

Note:

  • Bandhan Bank Limited, incorporated on 23rd December 2014, is an associate of Bandhan Financial Holdings Limited (BFHL) which is a wholly-owned subsidiary of Bandhan Financial Services Limited (BFSL).

In 2015, It became the first-ever microfinance institution to become a universal bank in India.


Apraava Energy signed MoUs with REC, and PFC to get Rs 9,120 cr Finance for its Various Projects
Apraava Energy Private Ltd, Mumbai(Maharashtra) based integrated energy solution provider, signed a Memoranda of Understanding (MoUs) with REC Ltd (Formerly Rural Electrification Corporation Limited) and Power Finance Corporation Ltd (PFC), to get finance of Rs 9,120 crore for funding its wind, transmission, and advanced metering projects in India.

  • REC Ltd is a Navratna Public Sector Undertaking(PSU) under the Ministry of Power and  PFC is a Maharatna PSU under the Ministry of Power.
  • This collaboration strengthens the strategic roadmap of Apraava Energy for sustainable and integrated growth in the future.
  • The signing of MoUs occurred during the Green Finance Summit hosted by REC. This event was held on 21st July 2023, in Goa, coinciding with the Green Business Summit Clean Energy Ministerial (CEM) and Energy Transition Working Group (ETWG) Ministerial and aligning with India’s G20 Presidency.
  • Apraava has gradually diversified into newer areas of the energy value chain such as transmission and advanced metering that will support the acceleration of the transition to a greener economy in India.

Note: Apraava Energy is jointly owned by the CLP Group one of the largest investor-owned power businesses in Asia-Pacific and Caisse de dpt et placement du Qubec (CDPQ) a global investment group.


Sashidhar Jagdishan of HDFC Bank Becomes Highest-Paid Bank CEO in FY23
HDFC Bank’s Sashidhar Jagdishan emerged as the highest-paid bank Chief Executive Officer (CEO) in the financial year 2022-2023(FY23) with over Rs 10.55 crore in total pay.
i.Kaizad Bharucha, deputy managing director, HDFC Bank, drew Rs 10 crore for FY23 and is likely to be the second-highest-grossing banker in India
ii.Among bank CEOs, Amitabh Chaudhry, the CEO of Axis Bank, received a payout of Rs 9.75 crore in FY23 making it the second-highest in terms of overall pay among bank chief executives.
iii.Sandeep Bakhshi ,CEO of ICICI Bank got paid Rs 9.60 crore for the fiscal year.
Note: The details were made public in disclosures made in annual reports. 


Indian Ecologist Raman Sukumar Elected as Vice-Chair of Working Group II of IPCC Indian Ecologist, Scientist and Asian elephant expert Raman Sukumar has been elected as Vice Chair of Working Group II (WGII) of the Intergovernmental Panel on Climate Change (IPCC) bureau for the 7th Assessment Report (AR7) cycle.

  • The elections for the new IPCC Bureau were held during the 59th Session of the IPCC held at the United Nations Environment Programme (UNEP) headquarters in Nairobi, Kenya, from 25th-28th July 2023.
  • The panel elected the new IPCC Bureau comprising 34 members, including the new IPCC Chair  James Ferguson ‘Jim’ Skea of the United Kingdom(UK) and 3 Vice-Chairs.
  • The panel also elected the 12 members of the Task Force Bureau on National Greenhouse Gas Inventories (TFI).

About IPCC WGII:
i.The IPCC WGII assesses the impacts of climate change, from a world-wide to a regional view of ecosystems and biodiversity, and of humans and their diverse societies, cultures and settlements.
ii.WGII is led by two Co-Chairs and eight Vice-Chairs which form the WGII Bureau.
iii.WGII is supported by a Technical Support Unit (TSU) located in Bremen, Germany, and Durban, South Africa.
About Raman Sukumar:
i.Raman Sukumar, hailing from Chennai, Tamil Nadu, is best known for his work on the behavior of Asian elephants and how their presence has affected both human and natural environments.
ii.In 1993, he became a member of the Project Elephant Steering Committee, which provided technical support and advice on matters of elephant conservation to the Indian government.
iii.Sukumar chaired the Asian Elephant Specialist Group of the World Conservation Union from 1997 to 2004.
iv.He also served as director of the Asian Elephant Research and Conservation Centre, a special division of the Asian Nature Conservation Foundation, an independent organization that he had helped to establish in 1997.
Publications: Elephant Days and Nights: Ten Years with the Indian Elephant (1994), The Living Elephants: Evolutionary Ecology, Behavior and Conservation (2003), and The Story of Asia’s Elephants (2011).
Awards: Presidential Award of the Chicago Zoological Society in 1989, the Order of the Golden Ark in 1997, the Whitley Gold Award in 2003 and the International Cosmos Prize in 2006.
Sukumar & IPCC:
He has also contributed since the early 1990s to the work of IPCC in various capacities including Coordinating Lead Author (IPCC special report on Land use, land use change and forestry (LULUCF)), Lead Author (AR2, AR6 and special report on land and climate) and Review editor (AR4).
IPCC:
i.The IPCC is the United Nations(UN) body for assessing the science related to climate change.
ii.It was established by the UNEP and the World Meteorological Organization (WMO).
3 working groups:

  • Working Group I, deals with the physical science basis of climate change;
  • Working Group II, deals with impacts, adaptation and vulnerability; and
  • Working Group III, deals with the mitigation of climate change.

It also has a TFI that develops methodologies for measuring emissions and removals.
About Intergovernmental Panel on Climate Change(IPCC):
Chairman- Jim Skea
Headquarters- Geneva, Switzerland
Established- 1988
Members- 195 member states


Niger Military Junta Appoints Ali Mahaman Lamine Zeine as Transitional PM of NigerOn 7th August 2023, the Military Junta of the Republic of Niger appointed Ali Mahaman Lamine Zeine, an economist and former Minister of finance of Niger Republic, as a transitional Prime Minister (PM) of Niger, according to a decree by General Abdourahmane Tchiani, who is the self-declared Head of State of the Transitional Government of Niger.

  • The appointment comes nearly 2 weeks after the military coup dismissed President Mohamed Bazoum, who was democratically elected in 2021.
  • Ali Mahaman Lamine Zeine is the current Country Manager of the African Development Bank (AfDB) in Chad (Africa).

Note:

  • Abdourahmane Tchiani, who also assumed head of the National Council for the Safeguard of the Homeland (CNSP) in Niger.
  • He is the former Commander of Niger’s presidential guard, who dismissed President Mohamed Bazoum and suspended the constitution on July 26, 2023.

About Ali Mahaman Lamine Zeine:
i.From 2001 to 2010, he served as Cabinet Director and Finance Minister in the cabinet of President Mamadou Tandja, who led the country from 1999 to 2010 and was overthrown in 2010 by Major Salou Djibo.
ii.He also served as the AfDB’s Country Manager in Côte d’Ivoire (also known as Ivory Coast) and Gabon of Africa.
Other Appointments:
i.The junta also appointed Amadou Didilli as the head of Niger’s High Authority for Peace Consolidation (HACP).
ii.Abou Tague Mahamadou appointed as the inspector-general of the army and the national gendarmerie.
iii.Ibro Amadou Bachirou was appointed as the private chief of staff of the junta leader.
iv.Lieutenant-Colonel Habibou Assoumane was named the Commander of the Presidential Guard.

  • These appointments follow closely after the Economic Community of West African States (ECOWAS) issued an ultimatum to the ruling military, demanding the reinstatement of President Mohamed Bazoum.

About Niger:
Capital– Niamey
Prime Minister (interim)- Ali Mahaman Lamine Zeine
Currency– West African CFA franc, XOF


CCI approves merger of TCCL and TCFSL into TCL; Clears proposed acquisition of HDFC Credila Financial Servicesi.On August 8, 2023, the Competition Commission of India (CCI) approves merger of Tata Cleantech Capital Limited (TCCL) and Tata Capital Financial Services Limited (TCFSL) into Tata Capital Limited (TCL).
ii.CCI also approved the combination involving the acquisition of 90% of the shareholding of HDFC Credila Financial Services Limited (HDFC Credila) by Kopvoorn B.V., Moss Investments Limited, Infinity Partners and Defati Investments Holding B.V.
iii.Kopvoorn B.V., owned by BPEA Private Equity Fund VIII managed by EQT AB, is the Netherlands incorporated company, part of the global EQT investment group.
About Competition Commission of India (CCI):
Chairperson– Ravneet Kaur
Headquarter– New Delhi, Delhi
Establishment– 2003


FISU World University Games 2023: India finishes with 26 MedalsIndia finished 7th with 26 medals (11 gold,  5 silver and 10 bronze) at 31st edition of the Fédération Internationale du Sport Universitaire (FISUWorld University Games 2023 held in Chengdu, Sichuan province, China, from 28th July to 8th August 2023.

  • China finished 1st in the medal tally with 178 medals(103 gold, 40silver and 35bronze).
  • Jyothi Yarraji won the bronze medal in the women’s 100m hurdles and set a new national record with a timing of 12.78 seconds in the women’s-only 100m hurdles.
  • Yamini Mourya won the bronze medal in Judo in women’s 57kg.

About Fédération Internationale du Sport Universitaire(FISU):
Acting President – Leonz Eder
Headquarters –  Lausanne, Switzerland
Established – 1949


International Day of the World’s Indigenous Peoples 2023 – August 9 The United Nations (UN)’s International Day of the World’s Indigenous Peoples (IDWIP) is annually observed on 9th August across the world to promote and protect the rights of the world’s Indigenous population and to raise awareness of the need to improve the economic, social, and cultural situation of the indigenous people.
This day is also known as World Tribal Day or World Indigenous Peoples Day.
The 2023 theme of IDWIP is “Indigenous Youth as Agents of Change for Self-determination” with the sub-themes: Climate Action and the Green Transition; Mobilizing for Justice and Intergenerational Connections.
Background:
i.In 1994, the United Nations General Assembly (UNGA) adopted the resolution resolution 49/214 titled International Decade of the World’s Indigenous People (1994-2004) and proclaimed the 9th August of every year during the decade as International Day of the World’s Indigenous People.
ii.The first-ever International Day of the World’s Indigenous Peoples was observed on 9th August 1995.
The United Nations Development Programme (UNDP) and its partners announced the winners of the 14th Equator Prize, on the occasion of the International Day of World’s Indigenous Peoples, recognizing 10 Indigenous peoples and local communities from 10 Countries namely Bolivia, Brazil, Burundi, Ecuador, Guatemala, Greenland, Liberia, Nepal, the Philippines, and Zambia.
About United Nations Development Programme (UNDP):
Administrator– Achim Steiner
Headquarters– New York, the United States of America (USA)
Established in– 1965


Nagasaki Day 2023- 9th August Nagasaki Day is annually observed across the globe on the 9th of August to create awareness about the hazards of nuclear weapons and to promote peace among nations.

  • 9th August 2023 marks the 78th anniversary of Nagasaki Day.

Background: 
i.On 9th August 1945, the American USAAF B-29 airplane named “Bockscar”, piloted by United States (US) Army Air Force Major Charles W. Sweeney, dropped the plutonium implosion-type bomb, code name “Fat Man” the 2nd atom bomb on Japan’s Nagasaki.

  • Nagasaki was an industrial center and major port on the western coast of Kyushu.
  • Survivors of the bombing, known as Hibakusha

About Japan:
Prime Minister (PM)- Kishida Fumio
Capital- Tokyo
Currency- Japanese Yen


National Javelin Day 2023 – 7th August National Javelin Day is celebrated annually across India on 7th August to commemorate Neeraj Chopra’s 2020 Tokyo Olympic gold medal and also to promote the Javelin at the grassroot level by the Athletics Federation of India (AFI) the apex body for athletics in India.

  • 7th August 2023 is observed as 2nd anniversary of Javelin Throw Day where Javelin competitions were held in Gujarat, Assam, Haryana and Delhi, among others.
  • The 1st National Javelin Day was celebrated on 7th August 2022.

Current Affairs- 9 August 2023

Cabinet Approves Rs 1.39 Lakh cr for Last-Mile Broadband Connectivity PlanOn 4th August 2023, the Union Cabinet approved Rs 1.39 lakh crores for a last-mile broadband connectivity plan for 6.4 lakh villages across India as part of the BharatNet project. It will involve a change in execution strategy, with a focus on providing optical fiber-based connections to the last mile through village-level entrepreneurs.

  • The last-mile connectivity will be delivered by a Special Purpose Vehicle (SPV) namely Bharat Broadband Network Limited (BBNL), an arm of state-owned Bharat Sanchar Nigam Limited (BSNL), in partnership with village-level entrepreneur (VLE).
  • This partnership aims to ensure effective and efficient broadband connectivity reaching the grassroots level in the villages.
  • BharatNet is one of the biggest rural telecom projects in the world.Around 1.94 lakh villages have been connected at present, and the balance is likely to be connected over 2.5 years.

Background:- The Union Cabinet approved the BharatNet Project on 25th October 2011, one of the biggest rural telecom projects in the world implemented to all Gram Panchayats (GPs) in India for providing non-discriminatory access to broadband connectivity to all the telecom service providers.

  • Broadband Network Limited (BBNL) is the implementing agency of Bharat Net Project.
  • Under the BharatNet programme, the government has a target to provide broadband connectivity to 250,000 gram panchayats by 2025.

Key Points:
i.Similar to private telecommunications companies (telcos) Airtel and Jio, the Government will now involve VLE or Udyamis in providing fiber connections to homes. This will be done on a 50:50 revenue-sharing basis.
The project is expected to create 2.5 lakh jobs in India.
ii.Under the modernised model, the government will bear the cost of taking the infrastructure to the home, while the rural entrepreneur will be responsible for the maintenance and operations of home connections.
iii.So far, the government has provided internet connections to 5,67,000 households. Of these, 351,000 fiber connections have been given using the new BharatNet Udyami project.
Third Package:
i.The approval of the recent package marks the third such initiative for BharatNet by the Centre.
ii.In 2017, the total funding of the BharatNet (Phase-I and Phase-II), approved by the Cabinet, is Rs 42,068 crores.
iii.In 2021, the Cabinet allocated another Rs 19,041 crore to implement the last-mile connectivity project under the public-private partnership (PPP) model which, however, failed to generate significant interest.
Broadband Package:
i.Under the BharatNet project, the home broadband package will start at Rs.399/ month, offering unlimited data at a speed of 30 Megabits per second (Mbps). The other plans include Rs 599, Rs 799, etc.
Note: In the pilot trial, BharatNet showed an average speed of 175 GigaByte (GB) per household per month.


Postal Life Insurance Launches Direct Incentive Disbursement for Sales Force
On August 7, 2023, Postal Life Insurance (PLI) introduced a pilot program for ‘Direct Incentive Disbursement’ in the Delhi and Uttarakhand Circles to recognize the role of its sales force or PLI’s agents.

  • It was unveiled by Alok Sharma, Director General, Postal Services. Chief Postmasters General of all Postal Circles also participated in this program through video conference.

About Direct Incentive Disbursement Initiative:
i.This initiative is their agent incentive program under which agents’ commissions from the previous month directly transferred to their Post Office Savings Bank (POSB) Accounts resulting in swift and secure transactions.
ii.It will also lead to the convenience and motivation of Salesforce.
iii.The automated payouts will reduce administrative costs, enabling a greater focus on delivering client service.
iv.The introduction of this initiative marks a modernization of the incentives distribution process.
Key Points:
i.The PLI’s agent or sales staff is the driving force behind the department’s accomplishments.
ii.PLI is committed to strengthening its relationship with agents and fostering a culture of excellence as this initiative will benefit around two lakh sales force members across India, including Gramin Dak Sevaks, Direct Agents, Field Officers, and Departmental Employees.
About PLI:
PLI was launched in 1884 as a welfare scheme for postal employees and later extended to employees of the Telegraph Department in 1888. It is the India’s oldest life insurer, with significant growth from a few hundred policies in 1884 to over 50 Lakhs policies as of 31st March 2021.
Now, its coverage includes employees of Central & State Governments, Defence and Para-Military Services, Public Sector Undertakings (PSUs), Banks, Educational Institutions, Local Bodies, professionals, and employees of National Stock Exchange of India (NSE)/ (BSE (formerly Bombay Stock Exchange)  listed companies.


BIS signs MoU with 35 institutions for collaboration in Standardization and Conformity Assessment
On August 5, 2023, the Bureau of Indian Standards (BIS) signed Memorandums of Understanding (MoUs) with 35 institutions across India for collaboration in standardization and conformity assessment.

  • The institutions included prominent NITs (National Institutes of Technology), Government and Private Engineering colleges from different states across India.

Note: BIS is the National Standards Body of India under Department of Consumer affairs, Ministry of Consumer Affairs, Food and Public Distribution. It operates various schemes like Product Certification (ISI-Indian Standards Institution mark), Management Systems Certification, Hall Marking of Gold and Silver Jewellery/Artefacts and Laboratory Services for the benefit of the industry..
Key Points:
i.Through this MoU, the participating institution will associate with the technical committees of BIS at the national and international level, get infrastructure support for relevant R&D (Reaserach & Development) Projects, jointly organize events on Standardization and Conformity Assessment, exchanging publications, introducing standardization curricula in academics, exploring a Centre of Excellence for Standardization, testing, and Conformity Assessment, and sharing laboratory facilities.
ii.The MoU will enhance the standards formulation activities.
iii.BIS will also explore setting up of Centre of Excellence (CoE) for Standardization in partnership with these institutions.
About Bureau of Indian Standards (BIS):
Parent Ministry– Ministry of Consumer Affairs, Food and Public Distribution
Director General– Pramod Kumar Tiwari
Headquarter– New Delhi, Delhi


PM Launches Bhartiya Vastra evam Shilpa Kosh during 9th National Handloom Day in DelhiOn August 7, 2023, the the Prime Minister (PM) of India Narendra Modi launched the e-portal ‘Bhartiya Vastra evam Shilpa Kosh (भारतीय वस्त्र एवं शिल्पकोष) – A Repository of Textiles & Crafts’ developed by the National Institute of Fashion Technology (NIFT) in collaboration with Ministry of Textiles.

  • This launch was made during the 9th National Handloom Day celebration was held at Bharat Mandapam, Pragati Maidan, Delhi which was presided over by the PM.
  • The event was hosted jointly by the Ministry of Textiles & Ministry of Micro, Small & Medium Enterprises (M/o MSME).
  • It was attended by over 3000 weavers and artisans from across India.

Note: The PM declared August 7 as the ‘National Handloom Day’ in 2015 to highlight the contribution of handloom weavers in the development journey of India. This specific date commemorates the Swadeshi Andolan launched in 1905.
About Textiles & Crafts Repository e-portal:
The online repository is a one-of-a-kind knowledge platform that connects the history, present status, and future developments of textile, clothing, and related crafts. It offers access to a vast database of research papers, case studies, dissertations, and doctoral theses in these areas, serving as a comprehensive resource for information on new developments and current events in textiles and crafts.
Key Points:
i.PM also inaugurated a special three-day exhibition of handloom, handicraft and khadi products by awardee weavers, cooperative societies, producer companies and women self-help groups (SHGs) from across India.
ii.Two films were showcased during the event:

  • “संगठन से सफलता”- It highlighted the positive impact on weavers’ lives due to an organized ecosystem of skilling, marketing and distribution by the Ministry of Textiles
  • Another movie titled “Khadi for fashion” emphasized Khadi’s relevance for employment and the economy.

iii.To raise awareness among young audiences about India’s handloom sector, a two-week educational initiative at the National Crafts Museum was organized, benefiting over 10,000 students from 75 schools.
Other Participants:
Union Minister Piyush Goyal, Ministry of Textiles; Union Minister Narayan Tatu Rane, M/o MSME; Union Minister of State (MoS) Darshana Jardosh, Ministry of Textiles; MoS Bhanu Pratap Singh Verma, M/o MSME; among others representatives from handloom clusters across India, NIFT campuses, Weaver Service Centres (WSCs), Indian Institute of Handloom Technology (IIHT) campuses, National Handloom Development Corporation (NHDC), Handloom Export Promotion Council (HEPC), Khadi and Village Industries Commission (KVIC) institutions and State Handloom Departments.


MoU’s Signed Between USI, CSC & PCTI to Promote Military Heritage Tourism
The United Services Institution of India (USI), the country’s oldest and prestigious National Security and Defence Services think tank, has signed a Memorandum of Understanding (MoU) with Power Conversion Technologies (PCTI) for the inaugural Military Heritage Guided Tour at Hussainiwala in Firozpur district, Punjab on August 12, 2023.

  • An additional MoU was signed between PCTI and Common Service Centres (CSC) – e-Governance India Limited for the local support and accessibility for these heritage sites and it will be facilitated through CSC – special purpose vehicle (SPV).

The tour provides the tourists to view the important places related to military achievements.
Key points:
i.USI will identify potential tourist destinations and document them.
ii.PCTI will oversee the organization of the tours.


WTO’s WTSR 2023 Report: India Ranked 18th Among Merchandise ExportsAccording to the World Trade Statistical Review 2023, (WTSR 2023) the annual flagship publication of the World Trade Organization (WTO) featuring key data on global trade in merchandise and commercial services, India is ranked 18th among the Leading exporters in world merchandise trade (2022).

  • India is ranked 9th among the merchandise importers.
  • China, the United States of America(USA), and Germany are the top 3 exporters in world merchandise trade 2022.
  • USA, China and Germany are the top 3 importers in World Merchandise Trade 2022.
  • India is ranked globally 7th among exporters and 9th among importers in world in commercial services 2022.

About WTSR 2023:
i.The WTSR 2023 presents recent trends in international trade, technological challenges affecting the global economy and supply chains.
ii.Analytical chapters highlighting trade trends in 2022 are complemented by statistical tables providing further details on merchandise trade and trade in commercial services.
About World Trade Organization (WTO):
Director-General- Ngozi Okonjo-Iweala
Headquarters- Geneva, Switzerland
Established- 1st January 1995.


India Commits USD 700,000 to Tuvalu’s Clean Water InitiativeIndia has pledged to support worth USD 700,000 from the India-United Nations Development Partnership(UNDP) Fund to the project in Tuvalu, a Pacific island nation for clean water initiatives and community development in schools.

  • India will provide funding support for the “Motufoua Concrete Water Cistern” project, initiated by the Tuvalu Government.
  • The project aims to construct a concrete water cistern, at Tuvalu’s only public school called ‘Motufoua Secondary School’,a capacity of 760 metric cubes which will store and provide clean water to students, teachers and school staff promoting hygiene and reducing water-borne diseases.
  • The announcement was made by Ruchira Kamboj, India’s Permanent Representative to the UN.

Key points:
i.This financial commitment aligns with Prime Minister (PM) Narendra Modi’s “Sagar Amrut Scholarship” scheme for the Pacific Island countries.

  • Modi announced the “Sagar Amrut Scholarship” scheme for the Pacific Island countries during the Forum for India–Pacific Islands Cooperation Summit, held in May 2023 in Papua New Guinea.

ii.Furthermore, the 12-point action plan introduced at the summit focuses on addressing health, wellness and community development sectors as per priorities of the Pacific island countries.
iii.This project represents India’s efforts to work collaboratively with fellow developing countries to achieve Sustainable Development Goals (SDGs).
About India-UN Development Partnership Fund:
i.The Fund is established by the Government of India in June 2017, to support projects in developing countries that aim to contribute to achieving the Sustainable Development Goals.
ii.The Fund adheres to the principles of South-South cooperation and prioritizes national ownership and leadership, equality, sustainability, development of local capacity and mutual benefit.
iii.The Government of India has committed USD 150 million over the next decade for the fund and it has supported 75 development projects across 56 countries.
About Tuvalu:
Prime Minister- Kausea Natano
Capital- Funafuti
Currency – Tuvaluan dollar (TVD) and Australian Dollar


INS Chennai Participates in PASSEX with Royal Saudi Naval Ship HMS Al Jubail
On 5th August 2023, the Indian Naval Ship (INSChennai participated in a Passage Exercise (PASSEX) with Royal Saudi Naval Ship HMS Al Jubail.

  • The exercise was conducted off the coast (Red Sea) of Jeddah, Saudi Arabia which included tactical manoeuvres, seamanship evolutions and communication drills that contributed to reinforcing mutual trust, cementing operational understanding, and enhancing interoperability between the Indian and Saudi navies.

About Indian Naval Ship (INS) Chennai:
INS Chennai, a P-15A Guided Missile Destroyer, was commissioned into the Indian Navy in November 2016. It was constructed by Mazagon Dock Limited, Mumbai, Maharashtra


Bajaj Finance has Partnered with ICICI Lombard General Insurance to Provide Insurance PlansBajaj Finance Limited (BFL) has partnered with ICICI Lombard General Insurance along with other partners to provide car and two-wheeler insurance plans on the platform Bajaj Finance Insurance Mall.
Key points:
i.The ICICI Lombard Car and Two-wheeler Insurance policies offer comprehensive damage coverage, (including own and third-party damage), personal accident cover, No Claim Bonus (NCB) to vehicle owners and vehicles.

  • Comprehensive Coverage: Complete protection for insured vehicle and safeguard against third-party liabilities.
  • Own Damage Cover: Receive coverage for damages caused to vehicle due to accidents, theft, natural disasters, and fire incidents.
  • Third-Party Cover: Secure financial support for third-party liabilities, compensating for property damage and injury expenses caused by the policyholder’s fault.
  • Personal Accident Cover: Receive financial aid in case of accidents resulting in injuries or fatality of the owner/driver, with a personal accident cover up to Rs. 15 lakhs.
  • No Claim Bonus (NCB): Policyholders will receive a No Claim Bonus when they haven’t made any claims in the previous policy year. This bonus earns you a discount on your renewal premium, which grows as you accumulate more bonus points.

ii.ICICI Lombard also offers a range of add-on covers to help customers enhance their vehicle insurance such as NCB protector cover, 24×7 roadside assistance cover, Zero depreciation add-on cover, Engine protection add-on cover.

  • These covers provide additional financial backup, ensuring the customers stay fully covered in case of any emergency.

iii.The policies can be brought through a seamless digital process.
About Bajaj Finance Limited (BFL):
BFL a subsidiary of Bajaj Finserv Ltd. is a deposit taking Non-Banking Financial Company (NBFC-D).
Chairman- Sanjiv Bajaj
Headquarters- Pune, Maharashtra
Established- 1987


Star Health Partners With SCB To Sell Health Insurance ProductsStar Health & Allied Insurance Co. Ltd.,(Star Health) India’s leading private Health Insurance company has entered into a strategic corporate bancassurance tie-up with Standard Chartered Bank (SCB) , a reputed international bank to enhance the accessibility of health insurance products through the bank’s extensive distribution network.

  • The SCB, with  100 branches spread across 42 cities, will function as a convenient single point of access for customers seeking health insurance.
  • The agreement also provides top-tier services that align with the distinct needs of India’s affluent clientele.

Why Health Insurance?
i.Health and protection are key needs today for clients. The rising healthcare expenses in India have led to an unparalleled increase in the desire for health insurance.
ii.Customers are now in need of all-inclusive policies that address their medical needs, including features like OPD Care, Hospi Cash, and Critical Illness coverage.
iii.The focus on health and fitness is growing, fostering a heightened interest in tailor-made wellness programs.
Note: According to the Wealth Expectancy Report, 2022 by Standard Chartered, more than 54 percent of respondents in India have placed a higher priority on health and wellness in the aftermath of the COVID-19 pandemic.
Bancassurance:
Bancassurance constitutes an insurance distribution framework wherein insurance firms collaborate with banks for the sale of insurance policies. This association yields advantages for both entities involved.

  • The bank secures a commission from the insurance company, while the insurer capitalises on the expansive distribution network of the bank.

About Star Health & Allied Insurance Co. Ltd:
Managing Director(MD) & Chief Executive Officer(CEO)  – Anand Roy
Headquarters – Chennai, Tamilnadu
Established in – 2006
About Standard Chartered Bank(SCB) India:
Chief Executive Officer(CEO)  –  Zarin Daruwala
Headquarters – Mumbai, Maharashtra
Established in – 1969


SEBI Mandates FPIs to carry 10% of Corp.Bonds Trades Shortens AIFs/VCFs Overseas Investment to 4 Monthsi.On August 7, 2023, the Securities and Exchange Board of India (SEBI) mandated Foreign Portfolio Investors (FPIs) to place at least 10% of their trades in corporate bonds through the Request For Quote (RFQ) platform of stock exchanges w.e.f. from October 1, 2023.
ii.This mandate will boost liquidity on the RFQ platform.
iii.SEBI has decreased the validity period of approval for Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) to make overseas investments to four months from six months. If these funds do not utilize their investment limits within this timeframe, SEBI has the authority to allocate the unutilized limits to other applicant AIFs and VCs.
About Securities Exchange Board of India(SEBI):
Chairperson -Madhabi Puri Buch
Headquarters -Mumbai, Maharashtra
Establishment – 12 April 1992


Cambodian king appoints Hun Manet as new PM of CambodiaOn 7th August 2023, Cambodia’s King Norodom Sihamoni issued a royal decree appointing Hun Manet as the new Prime Minister (PM) of Cambodia for a 5 year-term. Hun Manet is the son of Hun Sen, the former PM of Cambodia and one of Asia’s longest-serving PMs. Hun Manet will succeed Hun Sen, who has ruled for about 38 years.

  • Hun Manet has been appointed as the new PM of the Kingdom of Cambodia for the 7th mandate of the parliament, through a royal decree, with effective from the day of signature.
  • The designated PM of the Kingdom of Cambodia has duties to prepare the members of the government for seeking confidence adoption from the National Assembly.

Note:  A member of the Cambodian People’s Party (CPP)’s Standing Committee, Lieutenant General Hun Manet is currently serving as the Deputy Commander-in-Chief of Royal Cambodian Armed Forces (RCAF) and Commander of Royal Cambodian.
General Election:
i.Hun Sen’s party, CPP won the Cambodian general elections held in July 2023, gaining 120 out of 125 seats in the National Assembly.
ii.Following the elections results, former PM Hun Sen announced that he will be stepping down as the PM, and hand over the power to Hun Manet.
iii.To officially become the new PM of Cambodia, Hun Manet and his new cabinet must win a confidence vote in parliament set for August 22, 2023. He is expected to be sworn in on the same day.
iv.After stepping down, Hun Sen will become president of the Senate early next year and acting head of state when the king is overseas.
About Hun Manet:
i.He is the eldest of Hun Sen’s 5 children and was born on October 20, 1977. He grew up in Phnom Penh, Cambodia, and joined the Cambodian military in 1995.
ii.He was the first Cambodian to graduate from the United States of America (US) Military Academy at West Point, New York in 1999.
iii.Hun Manet has served the Royal Cambodian Armed Forces at various capacities,

  • Deputy of Hun Sen’s (his father’s) bodyguards;
  • Appointed as the commander of counter-terrorism;
  • Took on the role of commander of the army;
  • Appointment as the deputy commander-in-chief.

iv.He also became head of the youth wing of the ruling CPP.
About Cambodia:
King of Cambodia– Norodom Sihamoni
Capital– Phnom Penh
Currency– Cambodian Riel (KHR)


Indian Oil Chairman Shrikant Madhav Vaidya Gets 1 Year Post-Retirement ExtensionThe Appointments Committee of the Cabinet (ACC) approved the proposal of the Ministry of Petroleum and Natural Gas (MoP&NG) and extended the tenure of  Shrikant Madhav VaidyaChairman of Indian Oil Corporation Ltd (IOCL), for a period of 1 year beyond the date of his superannuation i.e with effect from September 1, 2023, till August 31, 2024, or till the time of appointment of the regular incumbent to the post on contract basis.

  • Shrikant Madhav Vaidya, who took charge as chairman of IOC on July 1, 2020, turned 60 on 7th August 2023, and as per the rules, he was to superannuate from service on August 31, 2023.
  • It’s rare for anyone on the board of a Publis Sector Undertaking (PSU) to get an extension, post-retirement.

Note: IOCL ranked 94 in the Fortune Global 500 list of 2023.
About Shrikant Madhav Vaidya:
i.He was appointed as the President of the World LPG Association (WLPGA) during the World LPG Forum in Dubai, the United Arab Emirates (UAE) in 2021.
ii.He also serves as the Non-Executive Chairman on the Boards of:

  • Chennai Petroleum Corporation Ltd. (a subsidiary of IndianOil),
  • Ratnagiri Refinery & Petrochemicals Ltd (RRPCL) (a Joint Venture of IndianOil).
  • Hydrocarbon Sector Skill Council under MoP&NG,
  • Non-Executive Director on the Board of JV company Petronet LNG Ltd. (PLL)
  • President of Petroleum Sports Promotion Board (PSPB)
  • Chairman, Governing Council- Federation of Indian Petroleum Industry (FIPI) and so on.

iii.In March 2023, he was named as the top Indian Chief Executive Officer (CEO) and ranked no. 81 globally in the CEOWORLD Magazine’s list of Most Influential global CEOs.
About Indian Oil Corporation Ltd (IOCL):
Chairman– Srikant Madhav Vaidya
Headquarters– New Delhi, Delhi
Established in 1959 as Indian Oil Company Ltd. IOCL is formed in 1964 by the merger of Indian Oil Company Limited with Indian Refineries Limited


Paytm Founder & CEO Vijay Shekhar Sharma buys 10.3% stake from Antfin; Paytm share price surges ~12%
On 7th August 2023, Shares of One 97 Communications Ltd, the parent company of Paytm, jumped over 11.6%(~12%) to Rs. 887.55 on BSE (formerly Bombay Stock Exchange) during intra-day trade, after Vijay Shekhar Sharma, founder and Chief Executive Officer (CEO) of Paytm entered into an agreement to buy 10.3% worth USD 628 from Ant Financial (Antfin) Netherlands Holding BV, a Chinese fintech via Resilient Asset Management BV (Resilient), a 100% owned overseas entity of Vijay Shekhar Sharma.

  • As a result of this transaction, Vijay Shekhar Sharma’s shareholding in Paytm (direct and indirect) will increase to 19.42%, whereas Antfin’s shareholding will reduce to 13.5%.
  • As per the agreement, Antfin will receive Optionally Convertible Debentures (OCDs) by Resilient Asset Management B.V. in exchange for transferring ownership and voting rights. This will allow Antfin to retain the economic value of its 10.30% stake in Paytm.
  • The Paytm-Antfin deal is likely to India’s biggest buy now, pay later deal. It involves a cash outgo, but only later.
  • As a result of this acquisition, there will be no change in the management or control of Paytm. Vijay Shekhar Sharma will continue to serve as the Managing Director and CEO of the company. However, there will be no nominee of Antfin on the board of Paytm        

SpaceX’s Falcon 9 launched 22 starlink satellites to LEO; sets new Launchpad Turnaround Record
On 6th August 2023, Space Exploration Technologies Corporation (SpaceX) launched a Falcon 9 rocket carrying 22 Starlink satellites from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Base in Florida, the United States of America (USA), to Low-Earth Orbit (LEO). This launch have set the new record for the swiftest turnaround ever achieved from a single launchpad. It was 3 days 21 hours and 41 minutes since the launch of Intelsat’s Galaxy 37 mission from pad 40.

  • Notably, the previous record of 4 days, 3 hours, and 11 minutes was set just 2 weeks ago between Starlink missions 6-6 (on July 23, 2023) and 6-7 (on July 28, 2023).
  • Following the separation from the second stage, the Falcon 9 rocket’s first stage returned to SpaceX’s drone ship A Shortfall of Gravitas’, stationed in the Atlantic Ocean.
  • This was the 4th launch and landing for this Falcon 9 first-stage booster, which previously launched Crew-6, SES O3b mPOWER, and one Starlink 4-4 mission.

Note: It was the 9th launch of “V2 Mini” internet satellites, which are larger and have four times the bandwidth of the previous models.


Asian Youth and Junior  Weightlifting Championships 2023: India Wins 42 Medals; 15 in Junior and 27 in youth EventsThe Indian Weightlifting contingent won 42 medals(15 in Junior events and 27 in youth events) in the Asian Youth and Junior Weightlifting Championships 2023 held from 28th July to 5th August 2023 in the Gautam Buddha University in Greater Noida, Uttar Pradesh.

  • In the Asian Youth(Boys & Girls) and Junior (Men & Women) competition, medals were given out for the snatch, clean & jerk, and overall categories and India won 14 medals in the clean & jerk; 13 medals in the snatch;15 in the overall category.

Awards:

  • Best Team Youth Girls – India
  • Runner up Team Junior Women – India

About Asian Weightlifting Federation(AWF):
President –  Mohamed Yousef Al Mana
Headquarters – Doha, Qatar
Established – 1958


Oscar Winning American Director William Friedkin Passed AwayOn 7th August 2023, William Friedkin, the Oscar-winning American director of films like The Exorcist and The French Connection passed away in Los Angeles(LA), California, United States of America (USA) at the age of 87.

  • Friedkin was born in Chicago, Illinois, USA on 29 August 1935.

About William Friedkin:
i.William Friedkin began his career in documentaries in the early 1960s and made his feature directorial debut with the film “Good Times” in 1967.
ii.His 1971 film “The French Connection”, a crime thriller, won 5 Oscars including Best Picture, and Best Director for Friedki at the 44th Oscars(1972).
iii.His 1973 film “The Exorcist”, a horror film based on William Peter Blatty’s novel had won the award for Writing (Screenplay–Based On Material From Another Medium) and for Sound at the 46th Oscars (1974).

  • The Exorcist became the first horror film to be nominated for Best Picture in the Oscar award.

iv.His last film, “The Caine Mutiny Court-Martial,” is set to premiere at the the 80th Venice International Film Festival,Venice, Italy in September 2023.
Other Noted works:

  • Sorcerer(1977); Cruising (1980), To Live and Die in L.A. (1985), Bug (2006), and Killer Joe(2011)
  • He also directed episodes for TV shows as The Twilight Zone, Rebel Highway and CSI: Crime Scene Investigation.

Quit India Movement Day 2023- 8th AugustThe Quit India Movement Day is annually observed across India on 8th August to commemorate the launch of the Quit India Movement on 8th August 1942. The day pays tribute to the martyrs and freedom fighters of the Independence movement.

  • 8th August 2023 marks the 81st anniversary of the Quit India movement.

Quit India Movement:
i.The Quit India Movement, also referred to as the August Movement, August Kranti, and Bharat Chhdo Andolan, was a mass civil disobedience campaign demanding India’s independence from British rule.
ii.It was officially launched by the Indian National Congress (INC) led by Mahatma Gandhi on 9th August 1942, at the Bombay (now Mumbai) session of the All India Congress Committee (AICC) during World War II (WW2) demanding an end to British rule in India.
iii.Gandhiji gave the slogan “Do or Die” (Karo ya maro) in his speech at the Gowalia Tank Maidan, now popularly known as August Kranti Maidan in Mumbai.
About Mohandas Karamchand Gandhi:
Born- 2nd October 1869, Porbandar, Gujarat
Died- Assassinated on 30th January 1948.
Autobiography– The Story of My Experiments with Truth


Telangana Assembly Passes TSRTC Merger Bill After Governor’s ApprovalOn 06th August 2023, Telangana Transport Minister, P Ajay Kumar, introduced the Bill in the Assembly after Governor Dr Tamilisai Soundararajan gave her approval Telangana State Legislative  Assembly passed the Telangana State Road Transport Corporation(TSRTC) (Absorption of Employees into Government Service) Bill 2023, after receiving approval from Tamilisai Soundarajan, Governor of Telangana.

  •  The bill(with effect from 31st July 2023) aims to merge loss-making TSRTC with Telangana government and  to absorb the employees into the government service.
  • The administrative control of TSRTC will remain under the Transport, Roads and Buildings Department, with the head being the vice-chairman and managing director.

Note: Annually, the Telangana Government will inject Rs 3,000 crore to cover the salaries and allowances of more than 43,000 employees.
Key Recommendation by the Governor:
Telangana Governor, Tamilisai Soundarajan recommended few changes in the bill such as,
i.Emoluments of absorbed RTC employees to match state government scales for pay, transfers, promotions, pensions, and provident funds.
ii.Similar benefits and salaries for contract/outsourced employees as per state service rules, with recognition and protection for future service in different capacities.
iii.Maintenance of buses to be taken over by the government through outsourcing or other means, ensuring financial responsibility for safety.
Other Recommendation:
i.Assets division and completion process between Telangana and Andhra Pradesh recommended under Andhra Pradesh Reorganization Act, 2014.
ii.To clarify and assume liability for clearing arrears from former Andhra Pradesh State Road Transport Corporation(APSRTC).
iii.Provision for already-absorbed TSRTC employees to seek ‘compassionate appointment’ for family members due to work-related health issues.
iv.Suggestion to make disciplinary proceedings within RTC more humane and in line with service rules for other government employees.
vii.If RTC employees are deputed to other departments, provision to protect their grade, pay, salary, and promotions for continuity and stability.
About Telangana:
Chief Minister –  K. Chandrashekar Rao
Governor- Tamilisai Soundarajan
Hereditary Site- Kakatiya Rudreshwara (Ramappa) 
Airport- Rajiv Gandhi International Airport (Hyderabad), Ramagundam Airport (Ramagundam)

Current Affairs – 8 August 2023

India hands over Rs.450 million to Sri Lanka to fund its SL-UDI ProjectOn 4th August 2023, India handed over a cheque of Rs.450 million in advance to Sri Lanka, for supporting the Sri Lanka Unique Digital Identity (SL-UDI) project, which is expected to strengthen Sri Lanka’s digital infrastructure and promote growth across various sectors.

  • The project supported by the Indian government is seen as a significant milestone in Sri Lanka’s path to economic recovery.
  • With this move, Sri Lanka is paving the way for a more technologically advanced future, anticipating substantial economic development and prosperity.
  • The initiative comes under the objective of India’s ‘Neighbourhood First’ policy, which demonstrates its commitment of India to assist its neighbouring countries in the South Asian region for mutual cooperation and support.

Key People:
i.Gopal Bagley, Indian High Commissioner to Sri Lanka handed over the cheque of Rs.450 million to Kanaka Herath, Minister of State, Ministry of Technology, in the presence of Sagala Ratnayake, the Chief of Presidential Staff and Senior Adviser on National Security to the President, Sri Lanka; Eldos Mathew, First Secretary of the Indian High Commission.
ii.The cheque constitutes 15% of the total funds required for the successful implementation of SL-UDI as an advance payment.
Background:
i.The project commenced in March 2022, with the signing of a Memorandum of Understanding (MoU) between Sri Lanka and India.
ii.An Indo-Sri Lanka Joint Project Monitoring Committee (JPMC) for the (SL-UDI) project was also introduced.
About SL-UDI Project:
i.The project focuses on collecting biographic and biometric data, encompassing facial, iris, and fingerprint information.
ii.All the collected data is securely stored in a centralized system to issue identification cards based on the International Civil Aviation Organisation (ICAO) standards.
iii.These identification cards will serve as reliable and standardized means of verifying individual identities.
iv.The project promises a more efficient and effective delivery of services while targeting poverty reduction and welfare programs, by streamlining government services and promoting financial inclusion.
About Sri Lanka:
Prime Minister–  Dinesh Gunawardena
President– Ranil Wickremesinghe
Currency– Sri Lankan Rupee


Union Home Minister Amit Shah launches Digital Portal of CRCS office in Punei.On August 6, 2023, Union Minister Amit Shah, Ministry of Home Affairs (MHA) and Ministry of Cooperation, launched a digital portal of the Central Registrar of Cooperative Societies (CRCS) office in Pune, Maharashtra.
This launch is on the lines with Prime Minister(PM) Narendra Modi’s vision of “Sahkar se Samriddhi”, strengthening cooperative movement in India, deepening its reach to the grassroots and to enhance the performance, productivity and profitability of cooperative societies.
ii.The CRCS office is responsible for administering the Multi-State Co-operative Societies (MSCS) Act 2002. This portal will ease the functioning of over 1550 MSCS in India and promote a digital ecosystem for new registrations.
iii.The portal aims to promote ease of doing business in the cooperative sector.
About Ministry of Cooperation:
Union Minister– Amit Shah  (Constituency- Gandhi Nagar, Gujarat)
Minister of State– B L Verma (Rajya Sabha- Uttar Pradesh)


MoHFW  Launched e-CARe Portal To Avoid Delays in Transporting Human RemainsUnion Minister of Health and Family Welfare,  Mansukh Mandaviya, launched e-CARe (e-Clearance for Afterlife Remains) portal for conducting dead body/human remains clearance procedures electronically which is expected to transform the government functioning to a more efficient mode.

  • The portal will bring together all stakeholders into a single interface. Moreover, a dedicated Nodal Officer will be present round-the-clock within the facility.
  • Indira Gandhi International Airport(New Delhi, Delhi), will serve as the nodal centre for all international airports in the country.
  • It is developed as a standard reusable product amenable to replication across the governments.

About  eCARe (e-Clearance for Afterlife Remains):
Ensuring uniformity throughout the process will remove any subjectivity that could arise from individual Airport Health Organizations (APHOs).

  • The airport Health Officer will perform clearance through email in collaboration with the transporting airlines.

Background:
i.Public health clearance of dead body/human remains clearance brought from abroad is necessary as per Indian Aircraft (Public Health) Rules 1954 and International Health Regulations, 2005.
ii.The delay is commonly due to the need for document clarifications, involving email scrutiny by multiple stakeholders, as well as discrepancies arising from varying international time zones.
Documents required:
For the purpose of obtaining public health clearance for all human remains arriving at Indian airports, the following documents must be provided:
i.Certificate of Embalming
ii.Death Certificate
iii.No-Objection Certificate (NOC) from the Indian Embassy
iv.Cancelled Passport Copy
v.Certificate of Human Remains Packaging in accordance with World Health Organisation(WHO) guidelines
Optional documents:

  • Certificate or endorsement from the consignee
  • Additional Supporting Documents (such as Medical History or other documents as requested)

Additional info:
i.The initial 48 hours, updates would be shared with the relevant officials every 12 hours during the first 36 hours. Subsequently, escalation would occur every four hours for the following 12 hours, aiming to prevent clearance delays.
ii.The details regarding any entry would be communicated through email, SMS, and WhatsApp to the Central International Health Division, the Nodal Officer, APHOs, consignees, and the airlines.


PM virtually laid Foundation Stone for Redevelopment of 508 Railway Stations under ABSS i.On August 6, 2023, the Prime Minister (PM) Narendra Modi laid the foundation stone for the redevelopment of 508 Railway Stations as Amrit Bharat Stations covering 27 states and Union Territories (UTs) via video conferencing in New Delhi, Delhi .
ii.This redevelopment will be done at a cost of more than Rs 24,470 crores under Amrit Bharat Station Scheme (ABSS).
iii.The redevelopment will cover 55 each in Uttar Pradesh (UP) and Rajasthan, 49 in Bihar, 44 in Maharashtra, 37 in West Bengal (WB), 34 in Madhya Pradesh (MP), 32 in Assam, 25 in Odisha, 22 in Punjab, 21 each in Gujarat and Telangana, 20 in Jharkhand, 18 each in Andhra Pradesh (AP) and Tamil Nadu (TN), 15 in Haryana, 13 in Karnataka among others.
About Ministry of Railways:
Union Minister– Ashwini Vaishnaw(Rajya Sabha- Odisha)
Ministers of State– Raosaheb Patil Danve, Darshana Jardosh


Kerala and UN Women organise ‘Trainers of Trainer’ as part of Women-Friendly TourismKerala’s state Responsible Tourism Mission(RT Mission) in collaboration with United Nations(UNWomen India organised the ‘Trainers of Trainer’ programme under the ‘Women-Friendly Tourism’ project.

  • The two-day orientation programme for women was held in Kumarakom, Kottayam, Kerala on 31st July and 1st August 2023, to focus the wide range of tourism activities in which women can play a central role.

About Trainers of Trainer programme:
i.The programme engaged a total of 85 women trainers, who will then train women involved in tourist initiatives and other services around the state.

  • This was the second in a series of training workshops planned by RT Mission that would cover the entire state.
  • So far, 1850 women have participated in training sessions held as part of the project.

ii.The programme turned out to be a forum for experience-sharing sessions, where entrepreneurs and professionals addressed how to successfully carry out every aspect of tourist activities, making visitors’ stay in the state a one-of-a-kind experience.
About Women-Friendly Tourism project:
i.When launched:In November 2022, Kerala launched state level ‘Women-Friendly Tourism’ project with RT Mission as the nodal agency.

  • The project was initiated to instill a sense of security among women travellers, thereby promoting tourism with a focus on women empowerment.

ii.MoU signed:To boost women-friendly activities in the tourism sector, Kerala signed an Memorandum of Understanding (MoU) with the UN Women India in February 2023.

  • Under the MoU, UN Women will support Kerala tourism in developing reports and material related to women-friendly tourism and their publication.

iii.The project involves the participation of women in a whole lot of activities, including catering and accommodation, transportation and serving as community guides.

  • It is estimated to generate at least 10,000 startups, over 30,000 new job opportunities, and a network of 1.5 lakh women working in tourism and related industries.

About Kerala:
Chief Minister – Pinarayi Vijayan
Governor – Arif Mohammed Khan
Classical Dance – Kathakali, Mohiniyattam
Festivals – Onam, Vishu


IRISET& IIT Madras signed MoU to Establish 5G testbed at IRISET, Secunderabad
Indian Railway Institute of Signal Engineering and Telecommunications (IRISET), under the Ministry of Railways (Indian Railways) and the Indian Institute of Technology Madras (IIT Madras), Chennai, Tamil Nadu (TN) signed a Memorandum of Understanding (MoU) to establish the India 5G testbed at IRISET in Secunderabad (the twin city of Hyderabad), Telangana for testing and development of 5G use cases for Indian Railways.
Aim: To accelerate the indigenization efforts of Indian Railways in the field of communications and create a testing facility for it.
Key Point:
The indigenous 5G solution and testbed has been developed jointly by IIT-Kanpur, Uttar Pradesh (UP); Society for Applied Microwave Electronics Engineering and Research (SAMEER) under MeitY; IIT-Bombay; Centre of Excellence in Wireless Technology (CEWiT), a society of IIT-Madras; and IIT-Madras, as part of the indigenous 5G testbed project funded by the Department of Telecommunications (DoT) to a consortium of eight institutes.


India’s Unemployment Rate Declines to 7.95% in July 2023 due to Rise in Agricultural Labour Demand
According to the recent data released by the Centre for Monitoring Indian Economy Pvt.Ltd. (CMIE), the unemployment rate of India in July 2023 fell to 7.95% from 8.45% in June 2023. This decline is due to the increased demand for agricultural labour in rural areas, as the monsoon season has begun.

  • However, in July 2023, the demand for labour in the rural non-agriculture sector declined, leading to a decrease in the number of rural workers seeking employment, consequently affecting the rural employment rate.
  • The rural unemployment rate also declined to 7.89% in July 2023, from 8.73% in June 2023, while the urban unemployment rate slightly increased to 8.06% from 7.87% in the same period.
  • Data indicates that the labour force in rural India has decreased by 5 million. The labour force participation rate in urban areas has also seen a decline. This indicates that the issue extends beyond rural regions and reflects a broader weakness in the Indian economy.

Note: In an effort to address rising unemployment dissatisfaction, the government is distributing appointment letters as part of a promise to provide 1 million government jobs by the end of 2023.


India to Get its 1st Integrated Theatre Command by August 2023
India is set to establish its first Integrated Theatre Commands (ITC) in August 2023. The Indian Armed Forces (Army, Navy and Air force) have overcome the differences and accepted the broad commanding structure for ITC, developed by Chief of Defence Staff (CDS) General Anil Chauhan. 2 ITCs are set to be established in North India, one in Jaipur (Rajasthan) and the other in Lucknow (Uttar Pradesh).

  • The Army’s South Western Command (SWC) in Jaipur will serve as the Headquarters (HQ) of the ITC, and will primarily focus on countering threats from Pakistan, while the Central Command based in Lucknow, will serve as the HQ of the ITC, will tackle security challenges coming out from China.
  • Theatre commanders hold a four-star rank, making them equivalent in rank to the Chiefs of the Army, Navy, and Air Force. The CDS will commands all 6 theatre commanders.
  • Additionally, there are other joint commands, which handle specific activities such as logistics, training, cyber and space operations, missile systems, and intelligence, and will be headed by a three-star officer.
  • Department of Military Affairs (DMA) is responsible for managing various theatre commanders and commanders of new commands. The CDS is the head of the DMA.

Note:
The Maritime ITC is likely to be established in Karnataka under the Naval Command.
The Government’s decision to develop ITC comes 22 years after the establishment of its first tri-service command, the Andaman and Nicobar Command. ITCs in India are built upon the principle of ‘One Border One Force’, which ensures focused and efficient management.


Swiss impact investor signs agreement with Electronica Finance
Swiss impact investor responsAbility Investments AG signed a USD 15 million funding deal with Non-Banking Financial Company (NBFC) Electronica Finance to promote green financing in India in line with its sustainability goal.

  • Electronica Finance is headquartered in Pune, Maharashtra, and is a part of the SRP Electronica group.
  • It is supported by the Small Industries Development Bank of India (SIDBI).

Key Points:
i.Electronica Finance will use the funding for financing energy efficient machines and promoting rooftop solar installation.
ii.It has already received USD 7.5 million from responsAbility in July 2023 will get remaining part in later 2023. The fund was raised at 11.4%.


IISc Bengaluru GSL Signed MoU to Develop AI for Shipbuilding & Defence
On 4th August 2023, the Indian Institute of Science,(IISc) Bengaluru & Goa Shipyard Limited (GSL) signed a Memorandum of Understanding (MoU) to develop artificial intelligence (AI) technologies for the shipbuilding and defense sectors.

  • IISc Bengaluru’s Foundation for Science Innovation and Development (FSID) will assist GSL to streamline shipbuilding processes, shorten construction timelines and boost overall productivity.

The partnership aims to enhance productivity, safety, and defense readiness while also strengthening indigenous defense manufacturing capabilities.


GoI appointed Sanjay Kumar Agarwal as CBIC Chairman & Surjit Bhujabal  as CBIC Member On 5th August 2023, the Government of India (GoI) appointed Sanjay Kumar Agarwal as the Chairman of the Central Board of Indirect Taxes and Customs (CBIC), an apex policy-making body for indirect taxes under the Department of Revenue under the Ministry of Finance.

  • He succeeds Vivek Johri, who superannuated on 31st July 2023.
  • Prior to this appointment, Sanjay Kumar Agarwal was serving as the CBIC Member (Compliance Management) from March 1, 2022, to August 4, 2023.

Note: Sanjay Kumar Agarwal is an Indian Revenue Service (IRS) Custom and Indirect Taxes (C&IT) Officer of the 1988 batch.
Other appointmnet:
Surjit Bhujbal has been appointed as the Member (Compliance Management) of CBIC board succeeding Sanjay Kumar Agarwal.

  • Surjit Bhujbal is an IRS (C&IT) officer of the 1989 batch.
  • Prior to his appointment, Surjit Bhujbal was serving as the Principal Director General of the Directorate General of GST Intelligence (DGGI), an apex intelligence organization functioning under CBIC.

Board of CBIC:
i.The CBIC board is headed by a chairman who is assisted by 6 members who look into Tax Policy, Customs, Information technology (IT) & Taxpayer Services, Goods and Services Tax (GST), Compliance management, and Vigilance.
ii.The present 6 members are:
Rajiv Talwar; Alok Shukla; V. Rama Mathew; Shashank Priya; Vivek Ranjan and Surjit Bhujbal.
About Central Board of Indirect Taxes and Customs (CBIC):
It is formerly known as the Central Board of Excise and Customs (CBEC), is one of the Boards constituted under the statute the Central Boards of Revenue Act, 1963.
Chairman– Sanjay Kumar Agarwal
Headquarters– New Delhi, Delhi


Scientist and Defense Expert Vijay Kumar Saraswat Appointed As The Chairman of QETCIQuantum Ecosystems Technology Council of India (QETCI) has announced the appointment of scientist and defense expert Dr. Vijay Kumar Saraswat as Chairman of the Governing Board.
About Vijay Kumar Saraswat:
i.Saraswat who was born on 25th May 1949, at Gwalior, Madhya Pradesh was formerly the Secretary of the Defence Research & Development Organization (DRDO) and the Chief Scientific Advisor to the Indian Minister of Defence.
ii.His areas of specialization include defense research in both basic and applied sciences as well as national supercomputing systems.
iii.He has been credited with the development of Liquid Propulsion Rocket Engines and missiles namely PRITHVI, DHANUSH, and PRAHAAR.
iv.He is a member of the National Institution for Transforming India (NITI Aayog) and Co-Chair for the Prime Minister’s Science Technology and Innovation Advisory Committee (PMSTIAC).
v.He played a key role in setting up the Photonics Valley Corporation at Telangana and initiated a program for the development of Silicon-Photonics Technology.
Awards
He has been conferred with many prestigious awards including the highest civilian awards like the Padma Shri (1998) and Padma Bhushan (2013) in the field of Science and Engineering.
Note: QETCI a not-for-profit-Section 8 company. It is a think tank and an ecosystem entity dedicated to enabling and accelerating the Quantum Ecosystem in India. It is headquartered in Hyderabad, Telangana.


ISRO Transfers IMS-1 Satellite Bus Technology to ADTLIndian Space Research Organisation(ISRO) announced that it’s commercial arm NewSpace India Limited (NSIL) transferred the Indian Mini-Satellite 1 (IMS-1, a low-cost microsatellite imaging mission of ISRO) Bus Technology to Bengaluru(Karnataka) based Alpha Design Technologies Private Limited(ADTL).

  • The Technology Transfer Documents had been formally handed over by Shri. D Radhakrishnan, Chairman and Managing Director of NSIL, to Col. H. S. Shankar (Retd.) VSM, Chairman and Managing Director of ADTL.
  • ADTL is one of the two private players identified to receive the transfer of this technology through Interest Exploratory Note (IEN).

Aim of Transfer:
The BUS  technology is being transferred to the private sector with the aim of bolstering India’s industrial growth in the space sector and fostering technological self-reliance.
About Indian Mini-Satellite(IMS)-1 Bus:
i.i.The IMS-1 satellite bus, previously referred to as TWSat (Third World Satellite) was developed by the U R Rao Satellite Centre (URSC). The URSV is a versatile and efficient small satellite platform designed for low-cost access to space.
ii.It serves as a dedicated vehicle for various payloads, enabling:

  •   Earth imaging
  •   Ocean and atmospheric studies
  •   Microwave remote sensing
  •   Space science missions

iii.It offers 3-axis stabilization with four reaction wheels and a 1 N thruster providing +/- 0.1 degree pointing accuracy.
iv.Specifications:

  • Weight: approximately100 kg
  • Payload capacity:30 kg.
  • Power generation: 330 Watt power(Solar arrays) with a raw bus voltage of 30-42 Volt.

v.With a quick turnaround time for satellite launches, IMS-1 bus is a forerunner for IMS-2 bus technology, which has improved features.
About Alpha Design Technologies Pvt. Ltd. (ADTL):
Alpha Design Technologies Pvt. Ltd. (ADTL) is a leading aerospace and defense company.

  • With expertise in engineering, manufacturing, and system integration, ADTL has been a key player in various projects related to defense, space, and homeland security, contributing significantly to India’s technological progress in these domains.

Additional Info:
Indian Mini-Satellite(IMS)-1 bus has been utilized in previous ISRO missions like IMS-1, Youthsat, and Microsat-2D.


NASA & Axiom Space Have Signed a Mission Order for Ax-4 
Alternative title:Ax-4 scheduled to Launch in 2024 on Falcon 9 Rockets
NASA and Axiom Space have signed a mission order for the 4th private astronaut mission to the International Space Station (ISS), named  Axiom Mission 4 (Ax-4) scheduled to launch in  2024 on Falcon 9 rockets from National Aeronautics and Space Administration’s  (NASA) Kennedy Space Center in Florida, United States of America (USA).

  • Ax-4 is part of Nasa’s broader strategy to transition low Earth orbit activities.
  • The Ax-4 mission will involve a team of four crew members.

i.The mission helps in laying the groundwork for the world’s first commercial space station, Axiom Station.
ii.Axiom Space is obtaining Nasa services through both a mission-specific order and a reimbursable Space Act Agreement.


World Archery Championships 2023: India won Gold for the 1st time & Topped Medal Tally with 4 medalsIndia topped the medal tally with 4 medals(3 gold and 1 bronze) at the 52nd edition of the Hyundai World Archery Championships 2023, held in the Berlin Olympic Park in Berlin, Germany from 31st July to 6th August 2023.

  • India won the gold medal for the first time since its 1st edition that held in 1931.

Indian Medal Winners:


Australian Badminton Open 2023: HS Prannoy Wins Silver Medal in Men’s Singles FinalsIndia’s Prannoy Haseena Sunil Kumar won the silver medal in the men’s singles finals against China’s Weng Hong Yang at the Sathio Group Australian Open 2023(Australian Open 2023) held at the state sports centre in Sydney, Australia from 1st to 6th August 2023.

  • HSBC Badminton World Federation(BWF) Australian Open 2023 is the World Tour Super 500 tournament.
  • Chinese born American Beiwen Zhang won the women’s singles title by defeating Kim Ga Eun of South Korea.

About Badminton World Federation(BWF):
President – Poul-Erik Høyer Larsen
Headquarters – Kuala Lumpur, Malaysia
Established – 1934


Hiroshima Day 2023- 6th August Hiroshima Day is annually observed across the globe on the 6th of August in accordance with the remembrance of the victims of the world’s 1st nuclear attack on Hiroshima, Japan in 1945, during World War II (WW2) (1939-1945).

  • 6th August 2023 marks the 78th anniversary of the Hiroshima bombings.

Background: 
On 6th August 1945,  the United States (US) Boeing-29(B-29) bomber aircraft dropped the powerful “Little Boy”, the first atomic bomb, over Hiroshima in Japan, killing over 140,000 people at 8:15 am.

  • The bombing of Hiroshima resulted in the loss of 39% of the city’s civilian population.

Hiroshima Peace Memorial Park:
Every year on August 6th, the Hiroshima Day Memorial Service is held at the Peace Memorial Park, The Genbaku Dome (the only structure left behind after the bomb blast) to commemorate the victims of the atomic bombing of Hiroshima.
About Japan:
Prime Minister (PM)- Kishida Fumio
Capital- Tokyo
Currency- Japanese Yen

Current Affairs – 6 & 7 August 2023

IUCN SSC & WTI Sign MoU for India’s First Species Survival CenterOn 2nd August 2023, a Memorandum of Understanding (MoU) was signed between International Union for Conservation of Nature (IUCN) Species Survival Commission (SSC) and the Wildlife Trust of India (WTI)  to set up the first-ever regional Center for Species Survival (CSS) in India.

  • The MoU aims to enhance conservation efforts by wildlife experts and specialist groups and safeguard the rich biodiversity of India.
  • This will be the 10th CSS in the world and the first of its kind in South Asia.
  • The MoU was signed by Prof. Jon Paul Rodríguez, Chair of IUCN SSC and Vivek Menon, Executive Director and CEO, WTI.

Vision and purpose
i.CSS will act as a platform for conservation practitioners to share best practices, collaborate on species conservation efforts, and contribute to species status assessments using the IUCN Red List of Threatened Species.
ii.It will also bridge the gap between national and international efforts to preserve and protect species
iii.The Center will study the impact of environmental changes on species survival, providing vital insights for conservation efforts.
iv.The center will address gaps in species assessments for species Red Lists and ensure the assessments are aligned between national and Global IUCN Red Lists.
v.The collaboration between IUCN and WTI will enable IUCN SSC members to coordinate their efforts for species conservation, amplifying the impact of species recovery initiatives.
Note: 
i.CSS are partnerships between the SSC Chair’s Office and leading species conservation organisations.
ii.The IUCN SSC is a commission made up of over 8,300 conservationists worldwide.
iii.WTI is a conservation organization established in 1998 with a mission to conserve nature, especially endangered species and threatened habitats, in partnership with communities and governments.


NHA extends DHIS for hospitals under Ayushman Bharat Till Dec 31, 2023On August 5, 2023, the National Health Authority (NHA) extended its Digital Health Incentives Scheme (DHIS) under the Ayushman Bharat Digital Mission (ABDM) till the 31st of December, 2023.
About DHIS:
Launched w.e.f. January 1, 2023, DHIS offers incentives of upto Rs 4 crores to hospitals and diagnostic labs and Digital Solution Companies (DSCs) such as Hospital/ Health Management Information System (HMIS) and Laboratory Management Information System (LMIS) for adopting and enabling transformative digitization under ABDM.
Key Points:
i.For availing incentives the health facilities and DSCs should be registered with the ABDM’s Health Facility Registry (HFR) and should fulfil the eligibility criterion specified under the scheme.
ii.The incentives are based on the number of digital health records created and linked to Ayushman Bharat Health Account (ABHA) numbers of the patients.
iii.As of date, 1 205 health facilities have registered under this scheme with 567 public and 638 private hospitals. out of the 25 digital solution companies registered, 22 are from the private sector.
iv.Till June 2023, close to 120 health facilities and 7 health tech companies have received incentives totalling to Rs. 4.84 Cr.
v.The scheme is continuously monitored by NHS for its effectiveness.


MNRE Extends Deadline For Self-Certification of SPV InvertersOn 27th July 2023, the Ministry of New and Renewable Energy (MNRE) has
issued a notification extending the deadline for self-certification of Solar Photovoltaic (SPV) inverters (items 4-5) under the SPV, Systems, Devices and Components Goods (Requirements for Compulsory Registration) Order, 2017.The extension is from 30th June 2023 to 31st December 2023 or till further orders.
i.This extension is subject to the condition that manufacturers comply with self-certification based on valid International Electrotechnical Commission (IEC) certificates corresponding to Indian Standards (IS) specified in the order and provide test reports from accredited test labs. The extension aims to ensure a smooth implementation of the order for SPV inverters.
ii.The ministry has provided this extension on account of the limited availability of test facilities and in order to provide additional time for compliance with the QCO.
iii.The government had previously extended the implementation of the QCO from 30th June 2022 to 31st December 2022 and further extended it from 31st December 2022 to 30th June 2023.
Background:
i.On 5th September 2017, the Ministry of New and Renewable Energy (MNRE), under the Bureau of Indian Standards (BIS) Act, issued the Solar Photovoltaics Systems, Devices, and Components Goods (Requirements for Compulsory Registration) Order 2017. This order includes six products in the schedule.It aims to enforce quality control in Solar Photovoltaic (SPV) Technology Power Projects including SPV modules, inverters, and battery storage.
ii.As per the order, no person shall manufacture or store for sale, import, sell or distribute goods, which do not conform to Indian Standards (IS) specified in the Order.


PNGRB & World Bank Partners to develop roadmap for Hydrogen transmission in NG pipelinesPetroleum and Natural Gas Regulatory Board (PNGRB), a regulator of natural gas distribution network, collaborated with the World Bank to develop a roadmap for for Hydrogen transmission in Natural Gas (NG) pipelines and City Gas Distribution (CGD) networks.
PNGRB-World Bank Study:
The PNGRB-World Bank study, which is expected to be completed within 16 weeks analyses the following:

  • Mapping demand and supply of hydrogen
  • Technical assessment for the compatibility of the existing pipeline network
  • Commercial assessment of the pipeline sector
  • Recognizing any hindrances in the policy and regulatory framework
  • Framing roadmap milestones till 2040 for the expedited implementation of hydrogen blending in India.

Key Points:
i.On 4th August 2023, a significant presentation took place at the PNGRB Office in New Delhi, Delhi.
ii.During the presentation, the PNGRB Board emphasized the need for swift action in implementing Hydrogen Blending and optimising the use of existing energy infrastructure to achieve the National Energy Goal.
iii.The transportation of Hydrogen is best achieved through natural gas pipelines. The study aimed at developing the Technical and Commercial viability of hydrogen blending into NG pipelines authorised by the PNGRB Board
iv.Regulatory Frameworks are set to undergo important amendments to achieve the national target to reach 5 Million Metric Tonnes (MMT) per annum of hydrogen consumption by 2030.
v.PNGRB has also permitted 3 City Gas Distributors (CGD) to undertake hydrogen blending in NG in their respective licensed areas and Hydrogen injection of up to 5% volume in NG has been achieved in low-pressure Medium density polyethylene (MDPE) network.

  • This move is aimed at integrating hydrogen into the existing NG infrastructure and gradually transitioning towards a greener and more sustainable energy solution.

About Petroleum and Natural Gas Regulatory Board (PNGRB):
PNGRB was constituted under The Petroleum and Natural Gas Regulatory Board Act, 2006.
Chairperson– Dr. Anil Kumar Jain
Headquarters– New Delhi, Delhi


UGC Constituted An Expert Committee To Review Anti-Discrimination in HEIsResponding to a question in the Rajya Sabha(the upper house of Parliament), Minister of State(MoS) for Education, Subhas Sarkar announced that the University Grants Commission (UGC) has constituted an expert committee on 21st July 2023, to review its regulations and guidelines concerning anti-discrimination in Higher Educational Institutions (HEIs) for Scheduled Castes(SC), Scheduled Tribes(ST), Other Backward Classes(OBC), Persons with Disabilities(PwD), and other minority groups.

  • The primary objective of the expert panel is to undertake a comprehensive review of existing anti-discriminatory policies and to make campuses free of caste discrimination.
  • The committee formed as per the direction given by the Supreme Court of India on 6th July, 2023.

Why the Expert Committee?
The emergence of multiple suicides in the last six months, affecting students hailing from marginalized communities, within the campuses of Indian Institute of Technology (IITs) such as IIT-Madras(Chennai, Tamilnadu), IIT-Bombay(Mumbai, Maharashtra), and IIT-Delhi (New Delhi, Delhi)., has led to the formation of the Expert Committee.
Supreme Court’s July 6th direction:
During a Supreme Court hearing on 06 July 2023, the cases presented by the mothers of Rohith Vemula( a PhD scholar at the University of Hyderabad in Hyderabad , Telangana) and Payal Tadavi(a post graduate student in T N Topiwala National Medical College in Mumbai, Maharashtra), both students who committed suicide due to casteism.

  • The court subsequently directed the UGC to provide a comprehensive account of the measures it has undertaken to combat caste-based discrimination within educational institutions.

Existing University Grants Commission (UGC) Regulations:
i.In 2012, the UGC released the UGC (Promotion of Equity in Higher Educational Institutes) Regulations, 2012 which encompassed various manifestations of discrimination.
ii.They established the role of liaison officers to monitor the fulfillment of reservation quotas and outlined the requirement for robust grievance redressal cells dedicated to resolving discrimination-related issues.
iii.Nevertheless, these directives have encountered incomplete adoption across numerous higher educational institutions, including a significant portion of the Indian Institutes of Technology(IIT).


Project Tiger and Project Elephant Merged as PT&E
The Ministry of Environment, Forest and Climate Change (MoEFCC) announced the merger of the two flagship conservation programmes namely Project Tiger (PT) Division and Project Elephant (PE) Division into a new division called Project Tiger and Elephant (PT&E) in April 2023 and the official order came up on June 2023.

  • By merging, both projects will be funded through a common allocation starting 2023-24. However, there remains uncertainty regarding the allocation of finances between these 2 projects.
  • The Additional Director-General of Forests (ADGF) – PT (ADG-PT) has been re-designated as ADGF (PT & E), with the Inspector General Forests and Project Director, PE  will be the divisional head of the PT&E division and will be reporting to the ADGF (PT&E), who is also the member secretary of the National Tiger Conservation Authority (NTCA).
  • The merger will strengthen the conservation of both animals, as they often share the same landscapes in India, but the decision to cut funding for conservation efforts raises concerns, particularly regarding the conservation of signature animals like tigers.
  • In 2023-24, the combined budget of PT and PE schemes amounts to Rs.331 crore. This represents a decrease from the 2022 budget, which was Rs.335 crore, comprising Rs 300 crore for PT and Rs.35 crore for Project Elephant.
  • However, the combined budgets for PT and Project Elephant released in 2022-23 were Rs. 220 crore, which is only about two-thirds of the allotted amount.

Note:

  • The 50th anniversary of PT was observed on April 2023, and Project Elephant completed 30 years in 2022.
  • In 2011, the former Planning Commission proposed a significant initiative to merge 3 centrally sponsored schemes into one, which included PT, Project Elephant, and Integrated Development under Wildlife Habitat. But was objected by the Standing Committee of the National Board for Wildlife.

Jyotiraditya M. Scindia Unveiled The New Logo Of The NMDC
On 5th August 2023, Union Minister of Steel and Civil Aviation Jyotiraditya M. Scindia unveiled the new logo of the Navratna Public Sector Enterprise,  National Mineral Development Corporation (NMDC), India’s largest iron ore producer, in New Delhi, Delhi.

  • The new logo signifies NMDC’s commitment towards sustainable & responsible mining and also its global aspirations.

Features of the new logo:
i.The logo is a manifestation of NMDC’s vision of NMDC 2.0. 
ii.The blue cog has been retained to pay homage to our heritage by representing the mineral mining cycle which symbolizes the steadfastness and trust that NMDC has earned over the decades.
iii.At the center of the logo, a hand cradling the earth signifies NMDC’s commitment towards sustainable & responsible mining and also its global aspirations.
iv.The vibrant green color symbolizes growth, renewal, and harmony with nature.
Note – Its earlier logo symbolized the journey of India in the last 75 years, where India was growing with a focus on reducing its dependence and becoming self-reliant.


India & Nepal Signed An MoU to Undertake 4 HICDPs in NepalOn 4th August 2023, the Indian embassy in Kathmandu and the Ministry of Federal Affairs and General Administration of Nepal signed Memorandums of Understanding (MoUs)  for undertaking 4 High Impact Community Development Projects (HICDPs) in Nepal under the grant assistance of the Government of India.

  • A total of 170 million Nepalese rupees (NPR) are expected to be spent on the four projects, three of which will be in the education sector and one in the water supply and sanitation sector.

The project will provide better education facilities, water supply and sanitation facilities for the local community in Nepal.
Projects in the Education sector:
Construction of the School Building of

  • Shree Galainath Secondary School, Shailashikhar Municipality; Darchula district, Sudurpashchim Province of Nepal
  • Shree Himalaya Secondary School, Byas Rural Municipality in Darchula District, Sudurpashchim Province of Nepal
  • Diding Primary School,  Chichila Rural Municipality in Sankhuwasabha District, Koshi Province of Nepal.

Water Supply and Sanitation Project:
i.India will also help Nepal with a Water Supply and Sanitation project through the construction of the Shreepur Water Supply and Sanitation Project,  Triyuga Municipality in Udayapur District of Nepal
ii.The project will be implemented through the local authorities of Shailashikhar Municipality, Byas Rural Municipality (Darchula District of Sudurpashchim Province), Chichila Rural Municipality, and Triyuga Municipality.
Additional information:
i.Since 2003, India has taken up 546 HICDPs costing around 1220 crore Nepalese rupee in the areas of health, education, drinking water, connectivity, sanitation and creation of other public utilities across all 7 provinces of Nepal.
ii.Of these, 483 projects have been completed and the remaining 63 projects are under implementation.
iii.The total cost of all the projects is around NPR. 1220 Cr (INR. 762 Cr.) which are mostly implemented through local authorities of the Nepali Government.
About Nepal:
President- Ramchandra Paudel
Prime Minister- Pushpa Kamal Dahal ‘Prachanda’
Currency- Nepalese Rupee (NPR)
Capital- Kathmandu


World Rice Price Index jumps to near 12-year high in July 2023: FAO The United Nations Food and Agriculture Organization’s (FAO) All Rice Price Index increased by 2.8% in July 2023 to 129.7 points as compared to 126.2 point in June 2023.

  • This is highest level in nearly 12 years as prices in key exporting countries rised on increased demand and India’s move to curb the rice exports.
  • The FAO’s July 2023 rice index is almost 19.7% higher than 108.4 points in July 2022, and the highest nominal value since September 2011.

Note: The FAO Food Price Index tracks monthly changes in the international prices of globally-traded food commodities. For rice tracking, the FAO monthly Rice Price Update provides monthly rice export prices from major origins.
Key Points:
i.FAO’s overall world food price index also rose in July 2023 to 123.9 points, up 1.3% from June 2023 while 11.8% below its July 2022 level.

  • It is driven by higher costs for rice and vegetable oil.

ii.The India Rice Ban: India is a big exporter of rice, sending 40% of the world’s rice exports, followed by Thailand (13% share) and Vietnam (9% share), among others. But in July 2023, the Indian government decided to stop exporting non-basmati white rice to boost domestic supply and to keep prices stable during the upcoming festive season.

  • Additionally, they also put a ban on exporting de-oiled rice bran (DORB) until November 30, 2023 which was previously allowed for export.

iii.India, Thailand, Vietnam, Cambodia and Pakistan are among leading exporters of rice. China, Philippines, Benin, Senegal, Nigeria and Malaysia are key importers of the staple.
About United Nation Food and Agriculture Organization (UN-FAO):
Director-General– QU Dongyu
Headquarters– Rome, Italy
Establishment– 1945

Iraq becomes 18th country recognised by WHO for eliminating Trachoma as a Public Health Problem On July 31, 2023, Iraq becomes the 18th country recognized by the World Health Organization (WHO) for eliminating trachoma as a public health problem. It is also the 5th country in WHO’s Eastern Mediterranean Region to achieve this feat.  It is also acknowledged by the WHO as the 50th country for eliminating at least one Neglected Tropical Disease (NTD), globally.

  • This represents reaching the halfway mark to the 100-country target set for 2030 in the 2021–2030 NTD road map that targets the prevention, control elimination and eradication of 20 diseases and disease groups.

Efforts by Iraq in eliminating trachoma:
i.In 2012, Iraq launched its national trachoma program to eradicate the disease. They developed a surveillance system to detect and manage cases in eye care facilities, schools, and collaboration with the Ministry of Education. Thousands of healthcare staff, including refractionists, optometrists, ophthalmologists, and eye surgeons, contributed to these efforts.
ii.Post-elimination, Iraq and WHO will continue to closely monitor previously endemic areas to detect and if necessary, combat any resurgence of disease.
About Trachoma: 
i.It is a contagious bacterial eye infection caused by bacterium Chlamydia trachomatis. It primarily affects the surface of the eye and the inside of the eyelid.
ii.It is transmitted through direct contact with the eye or nose secretions of infected individuals or from fomites and flies or indirectly through contaminated objects like towels or clothes.
iii.With time, it causes the eyelashes to be pushed inward into the eye. So with every blink, they brush against the eyeball. This form of trachoma is called trichiasis. If it’s not treated, trichiasis can lead to blindness.
iv.The SAFE strategy: It includes Surgery to treat the blinding stage (trachomatous trichiasis); Antibiotics to clear the infection, particularly the antibiotic azithromycin; Facial cleanliness and Environmental improvement, particularly improving access to water and sanitation.
Key Points:
i.Trachoma remains endemic in six countries in WHO’s Eastern Mediterranean Region. However, significant progress has been made in reducing the number of people requiring antibiotic treatment for trachoma elimination purposes, decreasing from 39 million in 2013 to 6.9 million as of April 2023.
ii.17 other countries that have eliminated trachoma as a public health problem are Benin, Cambodia, China, Gambia, Ghana, Islamic Republic of Iran, Lao People’s Democratic Republic, Malawi, Mali, Mexico, Morocco, Myanmar, Nepal, Oman, Saudi Arabia, Togo and Vanuatu.
About Iraq:
Capital– Baghdad
Currency– Iraqi Dinar
Prime Minister– Mohammed Shia’ Al Sudani


NABARD sanctions Rs 1974 cr to Rajasthan under RIDF for 2023-24
National Bank for Agriculture And Rural Development (NABARD) has sanctioned Rs 1,974.07 crore to the Government of Rajasthan under the Rural Infrastructure Development Fund (RIDF) for 2023-24. A budget of Rs.930.44 crore has been sanctioned for 3 rural drinking water supply projects in the districts of Rajasthan namely Ajmer, Jalore, and Kota.

  • Further, Rs.926.48 crore was sanctioned for the construction of 676 rural roads in the desert and tribal areas of Rajasthan. Earlier, Rs.117.15 was allocated for the establishment of 104 veterinary hospitals and 431 sub-centres in all the districts of Rajasthan.
  • The drinking water supply projects are expected to provide clean and potable water to 2.87 lakh households in 2,500 villages, whereas rural road projects will improve connectivity in 1,229 villages across 12 districts.
  • NABARD is also supporting the Rajasthan government to bring 4.28 lakh hectares under micro-irrigation with support of Rs.740 crore from the Micro Irrigation Fund.

Note:

  • NABARD’s Infrastructure Development Assistance has allocated Rs.623.38 crore for the construction of earthen canal linings covering 450 kilometers in the Kota and Bundi districts.
  • NABARD is India’s apex development bank, established in 1982 under an Act of Parliament to promote sustainable and equitable agriculture and rural development.

Mastercard Introduces CVC Free Online Transactions for Its Customers
On 7th August 2023, Mastercard introduced Card Verification Code (CVC)-free online transactions for customers who have tokenized their debit and credit cards on merchant platforms.

  • The move aims to reduce the checkout time and make CVC-free payment to enhance the payment security.

Mastercard’s token-based transactions leverage 3 key factors that ensure a high degree of safety and security which includes
i.Enhanced Security Features
ii.Authenticated User Identity Check
iii.Domain Control
Tokenization of Card & CVC:
As per the Reserve Bank of India’s tokenization guidelines, merchants who implement tokenized payments will collect the CVC only once, during the initial tokenization of the card. For future transactions, cardholders select the tokenized card, verify One-time password(OTP), and complete the payment without re-entering CVC, streamlining the process while ensuring security.
Note: CVC is the 3-digit number printed on the back of debit and credit cards.


Marketing Freedom regime: ONGC signed 1st-ever term contract with BPCL for sale of crude oil from Mumbai regionOil and Natural Gas Corporation Limited (ONGC), a Maharatna Central Public Sector Undertaking (PSU) under the Ministry of Petroleum and Natural Gas (MoPNG), has entered into a term contract with Bharat Petroleum Corporation Limited (BPCL), a Maharatna PSU under MoPNG, for the sale of crude oil from the Mumbai region in Maharashtra. This agreement represents the first-ever term contract under the Marketing Freedom system of government.

  • The contract comes after the Government of India’s (GoI) decision to grant marketing and pricing freedom for domestic crude oil replacing the previous allocation mechanism.

Note: ONGC has adapted to the new regime and successfully conducted the first-ever e-auction of Mumbai (Maharashtra) Offshore crude oil.
Key Signatories:
The contract was signed by Sanjay Kumar, ONGC Executive Director (ED)- Chief Marketing, and Manoj Heda, BPCL ED (Information Technology (IT)) at ONGC NBP Green Heights, in Mumbai, Maharashtra.
Key Points:
i.BPCL and ONGC have been in collaboration since 1976. BPCL processes ONGC’s crude oil at the Mumbai refinery.
ii.The refinery’s strategic location is connected by pipeline, facilitating seamless logistical operations for ONGC.
iii.The energy market is constantly changing, ONGC stands strong, driving innovation and achieving excellence in India’s oil and gas sector. As a key player, ONGC plays a vital role in shaping India’s energy future.
About Oil and Natural Gas Corporation Limited (ONGC):
Chairman & CEO– Arun Kumar Singh
Headquarters– New Delhi, Delhi
Established in– 14th August 1956
About Bharat Petroleum Corporation Limited (BPCL):
Incorporated in 1952 as a private limited company with the name Burmah Shell Refineries Ltd and renamed BPCL on August 1, 1977.
Chairman & MD (CMD) – G Krishnakumar
Headquarters– Mumbai, Maharashtra


Home Secretary Ajay Bhalla Gets 1-year Extension Up To 22 August 2024On 4th August 2023, the Appointments Committee of the Cabinet approved a further one-year extension for Ajay Kumar Bhalla as Union Home Secretary, Ministry of Home Affairs beyond August 22, 2023, up to August 22, 2024. This is his 4th extension in the post.

  • This has been done in relaxation of FR 56(d) and Rule 16(1A) of the All India Services (Death-cum-Retirement Benefits) Rules, 19.

About Ajay Kumar Bhalla:
i.Bhalla born on 26th November 1960, a 1984-batch Indian Administrative Service (IAS) officer of the Assam-Meghalaya cadre, was first appointed as the Home Secretary on August 22nd 2019, succeeding Rajiv Gauba for a fixed two-year tenure till August 2021.
ii.Subsequently, his term was extended for one year each in 2021 and in 2022.
iii.Prior to joining Home Ministry, Bhalla held secretarial positions in the Ministry of Power, Ministry of Coal, Department of Commerce, and Department of Shipping (ports) and also handled various assignments in the cadre in Assam and Meghalaya.
Roles & Responsibilities of Home Secretary:
Home Secretary is the administrative head of the Ministry of Home Affairs, and is the principal adviser to the Home Minister on all matters of policy and administration within the Home Ministry.All Central Forces including the Central Armed Police Forces (CAPFs) like the CRPF (Central Reserve Police Force), CISF (Central Industrial Security Force), and BSF (Border Security Force) is under the Ministry of Home Affairs.

  • The Home Secretary serves as the sole and highest administrative authority in the Ministry of Home Affairs.The responsibility in this regard is complete and undivided.
  • The Home Secretary acts as the primary adviser to the Home Minister on all aspects of policy and administrative affairs.
  • The Home Secretary represents the Ministry of Home Affairs in front of the Public Accounts Committee of the Parliament of India.
  • Among the secretaries in the Ministry of Home Affairs, the Home Secretary holds the highest position and is considered the foremost in terms of authority and influence.

Ambuja Cements buys Sanghi Industries for ₹5,767 crore
On 3rd August 2023, Adani Group-owned Ambuja Cements Ltd (ACL), acquired a 56.74 %  stake in Gujarat-based Sanghi Industries(SIL) at an enterprise value of Rs 5,000 crore.The acquisition will be fully funded through internal accruals.
i.The deal will boost Ambuja Cements’ capacity to 73.6 million tonnes per annum (MTPA) and help it reach its goal of 140 MTPA by 2028 .
ii.The deal marks the first major acquisition for the Gautam Adani-led conglomerate for 2023.
iii.The deal will help Ambuja Cement close the gap with market leader UltraTech Cement.


Godrej Security Solutions Won A Project Of SDSC-SHAR
Godrej Security Solutions a division of Godrej & Boyce Mfg. Co. Ltd and the flagship company of the Godrej Group has won a project to provide a comprehensive Key Management System to Satish Dhawan Space Centre-Sriharikota Range (SDSC-SHAR), the Spaceport of India.
i.The project undertaken by Godrej Security Solutions entails the implementation of sophisticated encryption protocols and the safeguarding of critical keys and the bolstering of the overall institutional security framework of SDSC-SHAR.
ii.The system will assist in compliance management by establishing a robust framework for key generation and distribution, ensuring adherence to the highest security standards.
Note: SDSC SHAR is one of the lead centres of Indian Space Research Organisation (ISRO), Department of Space (DOS), Government of India,located at Sriharikota in Andhrapradesh.It became operational on October 9, 1971 with the flight of ‘Rohini-125’, a small sounding rocket.


England’s T20 World Cup 2022 Winner Alex Hales Retires From International CricketEngland’s Twenty20 International(T20I) World Cup 2022 winner Alexander Daniel Hales (Right-Handed Batsman) announced his retirement from international cricket on 4th August 2023. However he continues to play in domestic and franchise cricket.

  • Hales scored an unbeaten 86 runs, which lead England to win over India in the T20I World Cup2022 semi-finals in Australia.

About Alex Hales:
i.The right hand batter was born on 3rd January 1989 at Hillingdon, United Kingdom (UK).
ii.:He made his debut in a T20I match against India in Manchester(UK) in August 2011.

  • He made his ODI debut against India in 2014, also played his last ODI against West Indies in 2019.
  • Also made his test debut against South Africa in 2015 and played last test in 2016 against Pakistan.

iii.:Hales represented England for 156 matches across all formats (T20I, ODI & Tests) and scored 5066 Runs.

  • He played 75 T20Is and scored 2074 runs with a century and 12 half-centuries.
  • He also played 70 One Day Internationals(ODI), and scored 2419 runs with 6 centuries and 14 half-centuries.
  • He scored 573 runs in 11 test matches with 5 half-centuries.

iv.:He was the second highest individual ODI scorer for England by scoring 171 runs against Pakistan at Nottingham, UK in 2016.

National Bone & Joint Day 2023 – August 4 National Bone and Joint Day is observed annually on August 4 across India to increase awareness about the importance of bone and joint health  and to educate people about preventive measures and early detection of various musculoskeletal disorders and conditions.

  • The Indian Orthopaedic Association (IOA) had launched the 2023 campaign under the theme ‘Each One Train One Save One’.

Background:
i.The Indian Orthopaedic Association (IOA) has been celebrating the National Bone & Joint Day across India since 2012. 
The first-ever National bone and joint day was observed on 4th August 2012..
ii.IOA was formed in 1955 and is one of the largest professional organizations which has more than 10000 active life members.
iv.The Founders day of the Indian Orthopaedic Association, 4th August shall be called the “Bone & Joint Day”, and the preceding week culminating with the 4th August, shall be called the “ Bone & Joint week”.
Significance:
i.Bones serve as the foundation and protection for all organs in the body.
ii.During the growth period, children require sufficient vitamins and minerals to support their high metabolic activity.
iii.Peak bone mass is a crucial aspect of skeletal health achieved during adolescence, playing a significant role in preventing osteoporosis later in life.
Conditions affecting Bone & Joint Health:
Osteoporosis and osteoarthritis are 2 distinct yet interrelated conditions that adversely affect bone and joint health, leading to pain and disability.
1.Osteoporosis:
i.It is a progressive bone disease characterized by low bone density and deterioration of bone tissue, making bones fragile and susceptible to fractures.
ii.It primarily affects older adults, particularly women after menopause, but can also occur in men and younger individuals with specific risk factors.
2.Osteoarthritis:
i.It is a degenerative joint disease caused by the breakdown of cartilage, leading to joint pain and stiffness.
ii.It most commonly affects weight-bearing joints like knees, hips, and spine and often develops with age or due to joint injury.
Source for healthy bones:
i.Vitamin D and Calcium are two crucial nutrients for bone health.

  • Vitamin D is produced by the body upon exposure to sunlight, so outdoor activities are recommended daily.
  • Consuming dairy products, green leafy vegetables, fish, soybeans, and almonds, are excellent sources of calcium.

Current Affairs – 5 August 2023

MoE Dharmendra Pradhan & MEA S. Jaishankar jointly launch SII; MoE chose OCI to modernize DIKSHAi.On August 3, 2023, the Union Minister Dharmendra Pradhan, Ministry of Education (MoE), and Union Minister Dr. Subrahmanyam Jaishankar, Ministry of External Affairs (MEA) jointly launched Study in India (SII) Portal which is an integrated one-stop solution for international student registration and visa application process.
ii.It was launched during an event in New Delhi, Delhi.
iii.This portal is guided by National Education Policy (NEP).
iv.On August 2, 2023, MoE selected Oracle Cloud Infrastructure (OCI) to modernize the national education technology platform Digital Infrastructure for Knowledge Sharing (DIKSHA). This means, DIKSHA is transformed and migrated onto OCI under a multi-year collaboration agreement between both entities.

  • DIKSHA was an initiative of NCERT (National Council of Educational Research and Training) under Minister of Education(MoE) in India.

About Ministry of Education(MoE):
Union Minister– Dharmendra Pradhan (Rajya Sabha, Madhya Pradesh)
Minister of State (MoS)– Annpurna Devi; Dr. Subhas Sarkar; Dr. Rajkumar Ranjan Singh


DPE upgrades the Status of OIL as ‘Maharatna CPSE‘ and OVL as ‘Navratna CPSEOn 3rd August 2023, the Department of Public Enterprises (DPE) under the Ministry of Finance, upgraded the status of 2 oil sector Central Public Sector Enterprises (CPSEs) namely Oil India Limited (OIL) and ONGC Videsh Ltd (OVL). The status of OIL and OVL has been upgraded to the status of Maharatna and Navratna CPSEs respectively. Earlier OIL was a ‘Navratna’ CPSE, while OVL was a Categry-I Miniratna‘ CPSE.

  • OIL, the second-largest National Exploration & Production (E&P) Company in India, now will be the 13th Maharatna amongst the CPSEs.
  • OVL, the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), and the second largest petroleum company of India, now will be 14th Navratna amongst the CPSEs.

About Oil India Private Limited (OIL):
Chairman & Managing Director (CMD)– Dr. Ranjit Rath
Headquarters– Duliajan,Assam
Incorporated on– 18th February 1959


President Droupadi Murmu Inaugurated Unmesha 2023 Utkarsha Festival in Madhya PradeshOn 4th August 2023, President of India Draupadi Murmu inaugurated the Unmesha’ – International Literature Festival and Utkarsh’ – National Festival of Folk and Tribal Performing Arts to promote inclusivity and cultural diversity at Ravindra Bhavan in Bhopal, Madhya Pradesh.

  • The event, which will take place from 3rd–5th August 2023, as part of the Azadi Ka Amrit Mahotsav, is organized by the Madhya Pradesh Department of Culture in collaboration with the Sangeet Natak Akademi and Sahitya Akademi of the Union Ministry of Culture.
  • The function was also addressed by Madhya Pradesh Governor Mangubhai Patel and Madhya Pradesh Chief Minister (CM) Shivraj Singh Chouhan.

Utkarsha:
i.‘Utkarsh’ celebrates the rich expressions of folk and tribal traditions in India.
ii.Artists from Madhya Pradesh and other states will give colorful programs every evening during Utkarsha, the festival of expressions and a celebration of the progress of tribal society.
Unmesha 2023:
i.The ‘Unmesha’ festival is a 3-day international literary gathering.
ii.It is India’s most inclusive and Asia’s largest literature festival in terms of the number of languages represented.

  • It is also on track to overtake other festivals as the biggest literary event in the world.

iii.More than 575 authors in 102 languages are expected to participate in over 75 events in ‘Unmesha 2023’.
iv.Writers from 13 countries will participate in the festival.
v.The President meant Unmesh as the opening of eyes and the flowering of flowers.

Note: This will be the 2nd edition of ‘Unmesha’. The first event was held in Shimla, Himachal Pradesh in June 2022.
Other programs during the event:
i.A cultural exhibition of more than 1000 artists depicting the spirit of “Ek Bharat Shreshtha Bharat” is organized.
ii.Book exhibition by Sahitya Academy, cultural presentations by tribal communities and group discussions on devotion, cinema and tribal literature will also be showcased during the festival.


Fortune Global 500 list of 2023: Walmart tops the list followed by Saudi Aramco and State GridOn 2nd August 2023, Fortune, a global media organisation released the Fortune Global 500 list of 2023, an annual ranking of the largest 500 corporations across the world as measured by total revenue for fiscal 2022. Walmart tops the list for the 10th consecutive year, followed by Saudi Aramco and State Grid in the 2nd and 3rd positions respectively. It was Fortune’s 34th Global 500 list since 1989.

  • Walmart, an American (United States of America (US)) Retail and Wholesale company with USD 611.3 billion in revenue; Saudi Aramco, a Saudi Arabian (United Arab Emirates (UAE)) Mining and Crude-Oil Production company with USD 603 billion; and State Grid, a Beijing (China)-based power company owned by the Government of China with USD 530 billion in the 3rd position.
  • Reliance Industries, led by Billionaire Mukesh Ambani featured in the Fortune Global 500 list of 2023 ,holds a rank at number 88.
  • Saudi Aramco (also known as Saudi Arabian Oil Company), is one of the largest integrated energy and chemicals companies in the world in Dhahran, Saudi Arabia, the United Arab Emirates (UAE) ranked 2nd in the annual list of Fortune Global 500 list of 2023 and it has emerged as the most profitable company ever on the list, earning USD 159 billion in the fiscal year 2022.

About Fortune 500

  • Fortune 500 companies are ranked by total revenue for their respective fiscal years. The list is compiled and published annually by Fortune magazine.
  • The concept of the Fortune 500 was created by Edgar P. Smith, a Fortune editor, and the first list was published in 1955.

IndiaFirst Life Insurance launches ‘Guarantee of Life Dreams(G.O.L.D)’ PlanOn 31st July 2023, IndiaFirst Life Insurance Company Limited (IndiaFirst Life), launched a new plan IndiaFirst Life Guarantee of Life Dreams (G.O.L.D.)” a non-linked, non-participating, individual life insurance plan is designed to provide policyholders with a regular long-term income option.

  • The highlight of this product is that one can plan to receive future income from the end of the first month itself.

Premium and Tenure:
The plan offers Premium Paying Terms (PPT), with options of 6 years, 8 years, and 10 years for a policy tenure of 30 years or 40 years. Receive a regular income from the end of the 10th year of the policy with the benefit of life cover

  • Pay premiums for a fixed period – 6, 8 or 10 years.
  • Receive a regular income in yearly, half-yearly, quarterly, or monthly frequency till the end of the chosen policy term, i.e., for 30 or 40 years.

What is Premium Paying Terms (PPT)?
Premium Paying Term (PPT) refers to the duration during which a policyholder needs to pay premiums for an insurance policy. It is the period within which the regular premium payments are made to keep the insurance policy in force.

  • Once the PPT is over, the policy remains active until the end of the policy term or maturity, depending on the terms of the insurance contract.

About Guarantee of Life Dreams (G.O.L.D.):
The IndiaFirst Life Guarantee of Life Dreams Plan extends three distinct choices for generating income:
i.Immediate Income Option: This option introduces a consistent and progressively increasing income stream, commencing as early as the conclusion of the first policy month. The income is disbursed monthly, ensuring a regular inflow of funds.
ii.Intermediate Income Option: With this option, policyholders enjoy regular increasing income starting from the end of the 5th policy year.
iii.Deferred Income Option: The Deferred Income Option provides a reliable and progressively increasing income source, commencing from the end of the 10th policy year. In addition, the plan incorporates two lump-sum cash back instalments, each amounting to 50 percent of the Annualised Premium. These installments are allocated at the conclusion of the 3rd policy year and the termination of the Premium Paying Term (PPT).
Eligibility Criteria:
i.Age at Entry:

  • Minimum 90 days
  • Maximum  for Premium Payment Term is 6, 8 & 10 years
  • Maximum  for Immediate income is 50 years and 55 years
  • Maximum  for Intermediate income is 50 years and 55 years
  • Maximum  for Deferred income is 50 years and 60 years

ii.Age at Maturity:

  • Minimum 30 years
  • Maximum 90 years

iii.Premium Payment Frequency – Yearly,Half Yearly,Quarterly, Monthly options are available.The minimum premium is Rs.4176 and  is no limit on maximum premium.
Additional Info
The plan offers Waiver of Premium (WOP) Rider in which future premiums are waived off in case the policyholder/ life assured suffers from death, accidental total permanent disability, or critical illnesses.
About IndiaFirst Life Insurance Company Limited (IndiaFirst Life)
Managing Director(MD) and Chief Executive Officer(CEO)- Vishakha RM
Headquarters – Mumbai, Maharashtra 
Established in – 2008


IndusInd Bank and Tiger Fintech partnered to launch a co-branded credit card Powered by VisaOn 3rd August 2023, IndusInd Bank Ltd. and Tiger Fintech Private Limited, a Bajaj Capital Group company, announced the launch of the ‘IndusInd Bank Tiger Credit Card’, a co-branded credit card powered by Visa Inc (Visa), the global digital payments technology company, to give the best-in-class credit card access to the customers, to meet their lifestyle requirements.
Benefits of the card:
i.The card offers a ‘Magnificent Rewards Program’, where customers earn up to 6X accelerated rewards.
ii.Cardholders will also be able to convert their rewards points to air miles (by redeeming the reward points for flight tickets) and enjoy discounted foreign currency markup of 1.5%, which can lead to considerable savings on their international expenses.
iii.It also offers access to complimentary benefits like a 24×7 concierge facility (customers can have access to a team of personal assistants to perform various tasks), domestic and international lounge access at the airports, games/lessons of golf, assured movie tickets, and many other entertainment benefits.
iv.The benefits also include discounted fees for international transactions, with Visa’s commitment to a safe, secure, and seamless payment experience, cardholders can make secure transactions.
About IndusInd Bank Ltd:
Managing Director (MD) & Chief Executive Officer (CEO)– Sumant Kathpalia
Headquarters– Mumbai, Maharashtra
Tagline– We Make You Feel Richer
Established in– 1994


SEBI, APMI jointly set Standards for Performance Audit of PMS Players On August 2, 2023, the Securities and Exchange Board of India (SEBI) and Association of Portfolio Managers in India (APMI) collaboratively established performance audit standards for portfolio management services (PMS) providers, effective from October 1, 2023.

  • This information by SEBI is provided in exercise  of  powers  conferred  under  Section  11(1)  of  the SEBI Act, 1992, read with the provisions of Regulation 43 of SEBI (Portfolio Managers) Regulations, 2020, to protect the interest of investors in securities and to promote the development of the securities market.

Standard Terms of Reference by APMI:
i.APMI, in consultation with Sebi, will set standardized Terms of Reference (ToR) for auditing firm-level performance data. It will mandate portfolio managers to include all client portfolios in the audit process.
ii.According to the new standards, Portfolio Managers need to submit two reports to SEBI related to the firm-level performance data within 60 days after each financial year ends.

  • The first report is a “confirmation of compliance” with the requirement of an annual audit of the firm-level performance data. Portfolio Managers need to ensure that they have conducted the necessary audit as per the specified standard and submit this confirmation to SEBI within sixty days from the end of each financial year.
  • The second report is required to submit the actual “audit report” on firm-level performance data to SEBI within 60 days from the end of each financial year.The report contains the findings and results of the audit conducted on the firm-level performance data which includes detailed information about the assessment and evaluation of the portfolio manager’s performance data during the financial year.

iii.The performance of advisory clients may be excluded from the audit if it has not been published in any marketing material or website.
Click Here for Official Circular
About Securities and Exchange Board of India ( SEBI):
Chairperson -Madhabi Puri Buch
Headquarters – Mumbai, Maharashtra
Establishment – 12 April 1992


SEBI Allows OFS for Units of Private Listed InvITs via Stock Exchange

SEBI also allowed Offer For Sale (OFS) for units of private listed Infrastructure Investment Trusts (InvlTsthrough a stock exchange mechanism. This information by SEBI is provided in exercise of powers conferred under  Section  11(1)  of  the SEBI Act, 1992.

  • Offer For Sale (OFS) mechanism is allowed for the sale of units of both Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) by their respective sponsors or sponsor group entities. Additionally, other unit holders of listed REITs can also use the OFS mechanism to sell their units.
  • Now,it has been decided to modify the framework to allow OFS for units of private listed InvITs.
  • In the case of OFS for listed InvITs, the trading lot will be the same as the trading lot prescribed for such InvITs in the secondary market under SEBI’s Infrastructure Investment Trusts rules.

What is Offer for Sale (OFS) Mechanism: OFS is a method that allows existing investors (promoters, shareholders, etc.) of a company or trust to sell their securities (shares or units) to the public through the stock exchange platform.
About Infrastructure Investment Trusts (InvITs): 
InvITs are investment vehicles that pool money from investors to invest in income-generating infrastructure projects such as roads, highways, power plants, etc. These trusts are listed on stock exchanges, and their units can be bought and sold like shares.
InvITs Units 
i.There are two types of InvITs based on their issuance: privately placed and publicly offered. 

  • Privately placed InvITs have the flexibility to invest in a mix of under-construction assets, which are still being developed, and completed and revenue-generating assets that are generating income.
  • Publicly offered InvITs, on the other hand, mainly focus on investing in completed and revenue-generating assets, providing stable cash flows to investors from the outset.

What is Real Estate Investment Trusts (REITs): REITs are similar to InvITs but invest in income-generating real estate assets like commercial properties, office spaces, shopping malls, etc. REITs are also listed on stock exchanges, allowing investors to trade their units.


India to grow at average 6.7% per year from FY24 to FY31: S&P GlobalAs per the an United States based corporation S&P Global’s report titled ‘Look Forward: India’s Moment’, India will grow at an average 6.7% per year from financial year 2023-24 (FY24) to FY31. This will increase the Gross Domestic Product (GDP) of India to USD($)6.7 trillion from $3.4 trillion in FY23.The per Per capita GDP will rise to about $4,500.

  • For FY24, India will be the fastest growing economy in the G20 (Group of Twenty) and will grow by 6% amid global slowdown and policy rate hikes by the Reserve Bank of India (RBI).
  • India shows a GDP growth of 7.2% in FY23.
  • The report projected India’s economic growth from FY24 to FY31.

Key Points:
i.The Indian private sector will drive India’s economic growth with projected capital contribution of around 53% of the projected 6.7% average GDP growth until 2030.
ii.Increasing the participation of women in the labor force will be crucial for future growth since only 24% were participating in 2022.
iii.India has an opportunity to boost its share of global manufacturing exports, and the government aims to raise manufacturing’s contribution to GDP from 17.7% to 25% by 2025.
iv.The development of digital infrastructure is also a potential growth driver of Indian economy.
v.India’s  total energy demand to double by 2050.


Cabinet Secretary Rajiv Gauba Granted 1-Year Extension
The Appointments Committee of the Cabinet (ACC) has approved a one-year extension to Cabinet Secretary Rajiv Gauba, by making him the longest-serving cabinet secretary in India’s history. This marks his third extension in the position.

  • The extension for a further period of one year goes beyond August 30th, 2023 in relaxation of All India Services (AIS) (Death-cum-Retirement Benefits or DCRB) Rules, 1958 and Rule 56 (d) of the Fundamental Rules.

About Rajiv Gauba:
i.Rajiv Gauba, born on 15th August 1959 in Punjab, India, is a 1982-batch Indian Administrative Service (IAS) officer of the Jharkhand cadre.
ii.He was appointed as India’s cabinet secretary in 2019 for a two-year term. Subsequently, he received one-year extensions in 2021 and in August 2022.
Note:
i.Prior to Gauba, B D Pande held the record for being the longest-serving cabinet secretary, serving from November 2, 1972, to March 31, 1977.
ii.The administrative head of the Secretariat is the Cabinet Secretary who is also the ex-officio Chairman of the Civil Services Board.


Societe Generale Bought Bandhan Bank Ltd. Shares For Rs 382 Cr
On 31st July 2023, Europe-based financial services group Societe Generale bought shares of Kolkata-based Bandhan Bank Ltd. for Rs 382 crore through open market transactions.

  • According to the bulk deal data available with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), Societe Generale has acquired a total of 1.74 crore equity shares or 1.08 percent stake in Bandhan Bank of which 89.23 lakh shares were bought on the NSE and 85.52 lakh shares on the BSE.

The average buying price for the above shares was Rs 218.6 per share, and the stake buy amounted to Rs 382.01 crore.


Indian Air Force receives Israel’s Spike Non Line of Sight MissilesIndian Air Force (IAF) received air-launched Spike Non Line of Sight (NLOS) Anti-Tank Guided Missiles(ATGM) from Israel which can hit targets upto 50 km from a helicopter and 32 km from the ground.

  • The NLOS missiles will be integrated with the fleet of Russian-origin Mi-17V5 helicopters, manufactured by Kazan Helicopters

Key features of Spike Non Line of Sight (NLOS)missiles:
i.It was designed by the Israeli company Rafael Advanced Defense Systems.
ii.It is available in various configurations, including man-portable, vehicle-launched, and helicopter-launched variants.
iii.Utilizes a fire-and-forget system with lock-on before launch and automatic self-guidance features.
iv.The long and extended range versions of the Spike introduce the “Fire, Observe and Update” operating mode.
v.Air-launched SPIKE NLOS ATGMs are capable of executing precise strikes against ground targets from standoff distances.
vi.Demonstrates the ability to inflict significant damage to enemy tank regiments and effectively halt their advances.
vii.It has the highest level of survivability due to stand-off range and passive guidance.
viii. It enables the handling of Anti-access/area denial (A2AD) targets

Increased production of missiles through “Make-in-India”:

  • A limited quantity of Spike NLOS ATGMs has been placed on order.
  • There is intent to produce a more substantial amount of these missiles through the “Make-in-India” approach.

About Israel:
Prime Minister – Benjamin Netanyahu
President – Isaac Herzog
Capital – Jerusalem
Currency – New Israeli Shekel (NIS)


India’s indigenous Nag ATGM and Helina Dhruvastra Missiles Set to Join Indian Armed ForcesIndia’s indigenous Nag Anti-Tank Guided Missile (ATGM) and the variant of HELINA (Helicopter-launched NAG) Weapon System called ‘Dhruvastra’ are set to be inducted into the Indian army and Indian Air Force (IAF) after clearing all the trials.

  • Both the Nag ATGM and Helina (Dhruvastra) missiles are developed by Defence Research and Development Organisation(DRDO) and manufactured by Bharat Dynamics Limited(BDL).
  • Nag is the surface-to-air missile and Dhruvastra is the air-to-surface missile.

About Nag ATGM:
i.NAG also known as Prospina, is a third generation Anti-Tank Guided Missile with Fire and Forget top attack capability.

  • Nag ATGM developed under the integrated guided missile development programme (IGMDP), which also includes four other missiles—Agni, Akash, Trishul and Prithvi.

ii.The Nag has an operational range of up to 4 km and is armed with a tandem High-Explosive Anti-Tank (HEAT) warhead.
iii.Nag ATGM measures approximately 1.834 meters in length, has a diameter of 0.158 meters, and weighs around 44 kilograms.
About Helina (Dhruvastra):
i.Helina is an Air to Surface Missile system launched from Advanced Light Helicopter (ALH).ALH is fitted with two Twin launchers, one on each side, each carrying eight missiles.
ii.It has the operational range up to 7km and length of 1.946m, and a diameter of 0.150m.
iii.It has a High Resolution Imaging Infrared Seeker (IIR) operating in the Lock on Before Launch(LOBL) mode and capable of automatic target detection and tracking in adverse weather conditions.
Note:
In 2022, DRDO has successfully flight tested at high-altitude ranges as part of user validation trials.


Italy’s World Cup Winning Goalkeeper Gianluigi Buffon Retires from FootballOn 2nd August 2023, Italian goalkeeper Gianluigi Buffon(45 years old) announced his retirement from football. He was part of the Federation Internationale de Football Association(FIFA) World Cup winning Italian team in 2006 in Germany (against France).

  • He retired from international football in 2018 after Italy failed to qualify for the 2018 FIFA World Cup in Russia.

About Gianluigi Buffon:
i.He was born on 28th January 1978 in Carrara, Italy.
ii.He made his professional debut with Serie B club Parma Calcio 1913(Serie B is the second highest division of Football in Italy) at the age of 17 in 1995.

  • He won Coppa Italia, UEFA Cup and Italian Supercoppa with Parma.

iii.In 2001, he joined Italy’s Juventus Football club and won the 10 ‘Serie A’ titles and a Serie B title.
iv.He moved to Ligue 1 club Paris Saint-Germain F.C in 2018 and won his only Ligue 1 title.
v.He holds the record of most caps for Italy with 176 appearances in international matches.
Achievements:
i.He was awarded the FIFA’s best men’s Goalkeeper award in 2017.He earned nicknames including ‘superman’ and ‘Gigi’.
ii.He was also the first ever goalkeeper to win the Golden Foot Award in 2016.
iii.He was part of the FIFPro World11 three times(2006,2007,2017).

  • The FIFA FIFPRO Men’s World 11 is comprised of the best 11 men’s players from around the globe.
  •  FIFPRO is the Fédération Internationale des Associations de Footballeurs Professionnels(International Federation of Professional Footballers).

SMSES Signed An MoU With AIFF To Promote Football 
On 2nd August 2023, the All India Football Federation (AIFF) signed a Memorandum of Understanding (MoU) with the Subroto Mukherjee Sports Education Society (SMSES) to promote and elevate youth football in India at a formal function in Air Force Station in New Delhi, Delhi.

  • The MoU was signed by Air Vice Marshal Alok Sharma, VM VSM, ACAS (Org & Cer) as a member, SMSES and Dr. Shaji Prabhakaran, Secretary General, AIFF.
  • The Air Force Sports Control Board conducts the tournament from 1994, priorly it was done by Durand football tournament committee

Note: The Subroto Cup International Football Tournament is an inter-school football tournament held annually in New Delhi, India from 1960.
Key points:
i.Under the MoU, SMSES will field a Subroto XI team in the AIFF’s youth competitions, comprising players from various age categories of the Subroto Cup.

ii.The selected players will gain direct entry into the AIFF Youth Leagues for both boys and girls from the 2023-24 season onwards and a one-time cash scholarship of Rs 25,000/- will be awarded to each of the 25 identified players in the U-17 Boys and Girls categories, while the Sub-Junior (U-14) category players will receive Rs 15,000/- each.
iii.These players will also be assessed using an IT-assisted Talent Development Scheme and may have the opportunity to attend National Team training camps in their respective age categories.
iv.The AIFF will encourage Indian Super League(ISL), I-League, and Indian Women’s League (IWL) clubs to send their scouts to the Subroto Cup matches. It will assist SMSES in the age detection of players using the TW3 method.


Padma Bhushan Awardee N Vittal Passed Away
On 3rd August 2023, Nagarajan Vittal, a Padma Bhushan awardee and a former Civil Servant passed away.
About Nagarajan Vittal:
Vittal, who was born on 31st January 1938 in Thiruvananthapuram, Kerala is a 1960 batch Indian Administrative Service (IAS) officer of Gujarat Cadre.
He has held the appointments of,

  • Additional Chief Secretary (Home), Government of Gujarat;
  • Additional Secretary, Department of Atomic Energy, Government of India;  Secretary, Department of Electronics, Government of India;
  • Chairman, Telecom Commission and Secretary, Department of Telecommunication, Government of India;
  • Chairman, Public Enterprises Selection Board and before retirement, his last appointment was as Central Vigilance Commissioner.

Achievements during his career:
Revival of the Kandla Free Trade Zone, Opening of the Dahej Port in Gujarat, Emergence of the Gujarat Narmada Valley Fertiliser Company (GNFC) and setting up of educational institutions and government organizations.
Books authored:
He has written more than 400 articles on various subjects and his published works include:

  • India Incorporated: Reflections on the Indian Electronics Industry (1994),
  • The Viscious Cycle of Vittal’s Law (1994),
  • The Red Tape Guerrilla(1995),
  • Fighting Corruption and Restructuring Government (2000), and Information Technology: India’s Tomorrow (2000).

He has edited Export Processing Zones in Asia -Some Dimensions published by Asian Productivity Organization (1977).
Awards & honors:

  • Dataquest IT Man of the Year 1993
  • The Great Son of the Soil Award 1998 by All India Conference of Intellectuals
  • H H Sri Paramacharya Man of the Year Award (2000), awarded by the Centenarian Trust, Chennai. (April 2001)
  • He received Padma Bhushan in the discipline of Civil Service by the Government of India in 2012.
  • He is the Honorary Fellow of the Institution of Electronics and Telecommunication Engineers (IETE).

He is included in the list of “Fifty men and women who shaped the economy” in the fifty years after India’s independence by the Business Today magazine (August 1997).


Assam CM Launched Amrit Brikshya Andolan app & Theme Song, Wood-Based Industries Registration PortalOn 2nd August 2023, Assam Chief Minister(CM) Himanta Biswa Sarma launched the Amrit Brikshya Andolan web portal/mobile application, the theme song for the Amrit Brikshya Andolan and the Wood-based Industry (WBI) registration web portal at the event held at Janata Bhawan in Guwahati, Assam.
Amrit Brikshya Andolan:
i.It is a massive tree plantation drive that aims to plant one crore commercial saplings across Assam on 17th September 2023 which provides a major boost to Assam’s green economy and will help against climate change and also increase the income of Assam’s farmers.

  • The Government of Assam aims to plant 3 crore commercially-viable saplings in 2024 and increase the target to 5 crore saplings in 2025.

ii.During the plantation drive, 40 lakh members of women Small Help Groups(SHG) from Assam will plant two saplings each, totaling 80 lakh and the rest, over 20 lakh, will be planted by Anganwadi workers, tea garden workers, government officials, police, forest battalions, and the public.
iii.By registering on the “Amrit Brikshya Andolan” app or portal, individuals can collect saplings from distribution stations, planting them and uploading geo-tagged pictures. A reward of Rs 100 will be credited to their bank accounts, with an additional Rs 200 given if the sapling survives for three years after being planted on 17th September 2023.
iv.The initiative strategically emphasizes agroforestry and Tree Outside Forest (ToF), fostering sustainable land use and economic diversification.
v.Plantation includes 23 valuable species like Teak, Boga Chandan, Agaru, Gamari, Hollock, Tita Sopa, and Bogi Poma. These offer economic potential and opportunities for local communities to enhance their livelihoods.
Website for registration of the Wood-based Industry (WBI):
i.A website for registration of the WBI was also launched for ease of doing business in the sector.
ii.The portal was launched for the implementation of the Assam WBI  (Promotion and Development) Rules 2022.
iii.It helps to streamline the functioning of the WBI in Assam and increase employment opportunities.
iv.The Assam Wood-based Industries (Promotion & Development) Rules 2022, replacing the earlier Assam Wood-based Industries (Establishment & Regulation) Rules of 2000, aim to foster the growth of indigenous wood-based industries.
About Assam:
Chief Minister- Himanta Biswa Sarma
Governor- Gulab Chand Kataria
Airport- Silchar Airport, Tezpur Airport
Festival- Bohag Bihu, Kati Bihu

Current Affairs – 4 August 2023

FICCI-EY Report:India Loses 1.5 Million lives in Road Crashes
According to the Federation of Indian Chambers of Commerce and Industry (FICCI) -EY a report titled ‘Road Safety in India – Navigating through nuances‘, Road accidents claim around 1.5 million lives in India every year.  India accounts for 11% of all road crash deaths and tops the world in road crash deaths and injuries.
i.It states that in every 24 seconds, at least one person is lost due to a traffic accident worldwide.
ii.India has signed the Brasilia Declaration in 2015, which seeks to reduce global road traffic fatalities and injuries by half by 2030.
About Federation of Indian Chambers of Commerce and Industry (FICCI):
President – Subhrakant Panda
Headquarters – New Delhi, Delhi
Establishment – 1927


IMD launched Heat Index indicating the Feel like TemperatureIn July 2023, the India Meteorological Department (IMD) launched the Heat Index on an experimental basis. This information was provided by the Union Minister Kiren Rijiju, Ministry of Earth Sciences (MoES) in a written reply in the Rajya Sabha.
What is heat index?
The heat index measures how hot it feels by considering both the air temperature and relative humidity. It offers guidance for regions in India, indicating the apparent temperature/feel like temperature to show the potential discomfort for people caused by weather conditions, along with the day’s minimum and maximum temperatures.
Aim:
To provide information on the effect of humidity on high temperatures
Colour codes used for Experimental Heat Index are as follows:

  • Green: – Experimental heat Index less than 35 degree C
  • Yellow: – Experimental heat Index in the range 36-45 degree C
  • Orange: – Experimental heat Index in the range 46-55 degree C
  • : – Experimental heat Index greater than 55 degree C

Key Points:
i.The heat index in India is calculated similarly to the National Weather Service, and the National Oceanic and Atmospheric Administration (NOAA) in the United States (US)
ii.It offers guidance on taking extra precautions to minimize discomfort.
iii.IMD uses temperature and humidity data at 2:30 pm to calculate the heat index and forecasts the maximum temperature at that time.
iv.A heatwave is declared if maximum temperature of a station reaches at least
40 degree C or more and is 4.5 degrees above normal for the day for Plains and at least 30 degree C or more for Hilly regions.

  • A severe heatwave is declared when the temperature is above 40 degrees Celsius and 6.5 degrees above normal.
  • A heat wave is a condition of air temperature which becomes fatal to human body when exposed.

About India Meteorological Department (IMD):
Director General– Dr. Mrutyunjay Mohapatra
Headquarter– New Delhi, Delhi
Establishment– 1875


India Unveils Ayush Visa Category: For Foreign Nationals seeking Traditional Medicine TreatmentOn August 2, 2023, Ministry of Home Affairs (MHA) introduced a new Ayush (AY) visa for foreign nationals for treatment under Ayush systems/Indian systems of medicine like therapeutic care, wellness and Yoga.

  • With  this, a new chapter i.e. chapter 11A – Ayush Visa has been incorporated after Chapter 11 – Medical visa of the Visa Manual, which deals with treatment under the Indian systems of medicine and accordingly necessary amendments has been made in various chapters of the Visa Manual, 2019.
  • AYUSH is an acronym for Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy.

Key Points:
i.The Ayush Visa aims to attract foreigners who wish to undergo Ayush therapy, wellness, and Yoga in India.
ii.The introduction of this visa aligns with Prime Minister (PM) Narendra Modi’s announcement at the at Global Ayush Investment and Innovation Summit (GAIIS) in Gandhinagar, Gujarat in April 2022.
iii.This will boost Medical Value Travel in India, and also stregthen the vision of making Indian traditional medicine a global phenomenon.
iv.Ministry of AYUSH and the Ministry of Health & Family Welfare (MOHFW) are collaborating to develop a one stop Heal in India portal to promote India as a global Medical tourism destination.

  • Ministry of AYUSH is promoting Ayush system of treatment national and globally. Recently, it signed a Memorandum of Understanding (MoU) with India Tourism Development Corporation (ITDC), Ministry of Tourism, GoI for the promotion of Medical Value Travel in Ayurveda and other traditional systems of medicine.

v.As per the report ‘The Global Wellness Economy: Looking beyond COVID’ by the Global Wellness Institute (GWI), the Global Wellness economy will grow at 9.9% annually.

  • Ayush based healthcare & Wellness economy is estimated to grow to $70 billion by 2025.

MoHFW sets deadline for Pharma MSMEs to Adopt Good Manufacturing Practicesi.On August 2, 2023, the Union Minister Mansukh Mandaviya, Ministry of Health and Family Welfare (MoHFW) has made it mandatory for all Micro, Small & Medium Enterprises
(MSMEs) drugmakers/pharma companies with an annual turnover of over Rs 250 crore to adopt Good Manufacturing Practices (GMP) within six months starting August 1, 2023.
ii.Companies with a turnover of less than Rs 250 crore can complete the process in 1 year.
iii.The adoption will be made by implementing the revised Schedule M of the Drugs and Cosmetics Act, 1940. It should be noted that World Health Organisation (WHO)-GMP standards are now a part of the revised Schedule M.
About World Health Organization (WHO):
Director-General– Dr Tedros Adhanom Ghebreyesus
Headquarters– Geneva, Switzerland
Establishment– 1948


Ministry of Finance Launches Vivad Se Vishwas-2 Scheme To Settle Contractual DisputesOn 2nd August 2023, the Department of Expenditure, Ministry of Finance (MOF), launched the scheme, Vivad se Vishwas II – (Contractual Disputes), to settle the pending contractual disputes of government and government undertakings.

  • The scheme was announced in the Union Budget 2023-24 by the Union Finance Minister, Nirmala Sitharaman.

The scheme aims to promote ease of doing business and will cover disputes up to September 30, 2022, clear the backlog of litigation, and also resolves the government’s contractual disputes with private parties.
Key points:
i.The deadline for submitting claims under the scheme is 31st October 2023
ii.Application for settlement are to be made by the contractors through the Government e-Marketplace (GeM) portal.
iii.The Scheme is valid from 15 July to 31 October 2023.
Eligibility Criteria: 
i.The scheme is applicable to domestic contractual disputes involving the Government of India or organizations under its control.
ii.Disputes with arbitral awards issued up to 31st January 2023 and court awards passed up to 30th April 2023 are eligible for settlement.
iii.Eligible claims shall be processed only through GeM. For non-GeM contracts of Ministry of Railways, contractors may register their claims on IREPS (http://www.ireps.gov.in).
Settlement Offers:
i.Contractors will be offered settlement amounts based on the net amount awarded or upheld by the court.
ii.For court awards passed on or before 30th April 2023, the settlement amount can go up to 85% of the net amount.
iii.For arbitral awards passed on or before 31st January 2023, the settlement amount can go up to 65% of the net amount awarded


ISLRTC and NIOS Signed an MoU to Promote ISL
On 29th July 2023, Indian Sign Language Research and Training Center (ISLRTC) signed a Memorandum of understanding (MOU) with National Institute of Open Schooling (NIOS) to promote Indian Sign Language (ISL) and collaborate on standardization and development of quality learning resources during the 3rd year of National Education Policy (NEP) 2020 celebrations and 2nd Akhil Bharatiya Shiksha Sangam at India Trade Promotion Organisation (ITPO), Pragati Maidan, New Delhi, Delhi.

  • Under the MoU, ISLRTC and NIOS have planned to work on designing and developing a process of review of learning content in ISL, and developing a smooth strategy for examination and evaluation of deaf and hard of hearing.

The expertise and resources of ISLRTC will be deployed for the standardization process of ISL in selected areas.
Note: NIOS introduced ISL as a language subject at the secondary level in 2021. ISLRTC has contributed by developing the processes for the examination and evaluation of children with hearing impairment.


NHPC and ALIMCO Signed MoU for Providing Aids & Assistive Devices to Divyangjans
On 1st August 2023, the National Hydroelectric Power Commission (NHPC) signed a Memorandum of Understanding (MoU) with the Artificial Limbs Manufacturing Corporation of India (ALIMCO) functioning under Department of Empowerment of Persons with Disabilities,Ministry of Social Justice & Empowerment(MSJE) to provide aids and assistive devices to 1000 Divyangjans (Persons with Disabilities) in close proximity to NHPC projects in states in the north and north east.

  • The MoU was signed under the Corporate Social Responsibility (CSR) initiative of the NHPC at the NHPC Corporate Office, Faridabad, Haryana.

The agreement was signed by the NHPC Deputy General Manager (HR), CSR & SD, NHPC, and the General Manager-Marketing, ALIMCO.


AIIMS Signed MoU with IREDA for Solarization in AIIMS New Delhi Campus
On 1st August 2023, the Indian Renewable Energy Development Agency Ltd. (IREDA) and All India Institute of Medical Sciences (AIIMS), New Delhi (Delhi) signed a Memorandum of Understanding (MOU) to initiate the technical assessment for the solarisation of the AIIMS, New Delhi campus.

  • The MoU was signed by Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA, and Dr. M Srinivas, Director of AIIMS at the AIIMS New Delhi Campus.

The partnership helps AIIMS institute to reduce its electricity expenditure while minimizing its carbon footprint with the help of IREDA.
Key points:
i.AIIMS has installed a 9 Kilowatt Rooftop Solar plant at its New Delhi campus.
ii.Under the MoU, IREDA will undertake a techno-commercial assessment of the AIIMS campus which includes creating financial models, conducting pre-feasibility studies, preparing a detailed project report (DPR), assisting in the analysis of technical and commercial aspects related to project development, finalizing commercial and contracting arrangements, and defining performance indicators, etc.


RBI approves Amalgamation of Navanirman Co-op Urban Bank with Rajadhani Co-op Urban BankThe Reserve Bank of India (RBI) sanctioned the Scheme of Amalgamation of The Navanirman Co-operative Urban Bank Ltd., Hyderabad, Telangana with Rajadhani Co-op. Urban Bank Ltd., Hyderabad, Telangana. The Scheme of Amalgamation is with effect from August 3rd, 2023.

  • The Navanirman Co-operative Urban Bank Ltd branch (Hyderabad, Telangana) will function as a branch of the Rajadhani Co-op. Urban Bank Ltd (Hyderabad, Telangana) with effect from August 03, 2023.
  • The Scheme has been sanctioned in the exercise of the powers conferred under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949.

Key Points:
i.Banking Regulation Act, 1949 an Act that provides a framework for regulating the banks of India.
ii.The Act was originally passed as the Banking Companies Act 1949 and came into force on 16th March 1949.
iii.This Act gives RBI the power to control the banks in India.  It did not apply to Jammu and Kashmir until 1956.
iv.The Banking Regulation (Amendment) Ordinance, 2020 was promulgated on June 26, 2020. The Ordinance seeks to amend the Banking Regulation Act, 1949.
About Reserve Bank of India (RBI):
Governor– Shaktikanta Das
Deputy Governors – J. Swaminathan, T. Rabi Sankar, M. Rajeshwar Rao, Dr. M.D. Patra
Headquarters– Mumbai, Maharashtra
Established in– 1st April 1935


Axis Bank Partners With Kiwi to Bolster ‘Credit on UPI’ on RuPay Credit CardsOn 2nd August 2023, Axis Bank, India’s third-largest private sector bank in collaboration with National Payment Corporation of India (NPCI), partnered for the first time with Kiwi, the revolutionary credit on Unified Payment Interface (UPI) platform to launch the Axis KWIK virtual credit card that offers credit card rewards along with the convenience of UPI’s fast and secure payment for seamless online and offline transactions.

  • This functionality enables users to conduct merchant payments within the Kiwi app utilising their credit cards through UPI, resulting in a virtualized payment encounter that eliminates the necessity for physical cards.
  • The partnership offers a complete “Credit on UPI” platform on the RuPay network.

Axis KWIK virtual credit card
i.The virtual credit card extends the advantage of receiving two edge rewards for every Rs. 200 spent.
ii.The Users are entitled to a 1% cashback on scan and pay transactions (when utilising the credit card on UPI), along with the benefit of having the usual 1% fuel surcharge at petrol pumps waived for card payments.
Reserve Bank of India(RBI)’s proposal:

  • In the month of June 2023, Reserve Bank of India (RBI) announced a significant proposal to link credit cards with UPI platforms, with an initial focus on Rupay cards.
  • The fusion of UPI with credit cards could potentially ignite a significant surge in credit card utilisation in India.

About Axis Bank Limited:
Managing Director(MD) & Chief Executive Officer(CEO) – Amitabh Chaudhry
Headquarters – Mumbai, Maharashtra
Established in – 1993
About Gokiwi Tech Private Limited
Co-founders – Siddharth Mehta, Mohit Bedi and Anup Agrawal
Headquarters – Bengaluru, Karnataka


SIDBI collaborates with IIM Ahmedabad’s CIIE.CO to Establish Accelerator Fund The Small Industries Development Bank of India (SIDBI), partnered with the Centre for Innovation, Incubation and Entrepreneurship (CIIE.CO), Indian Institutes of Management (IIMAhmedabad, Gujarat (IIM-A)’s startup incubator and investor, to set up a SIDBI Accelerator Fund, at IIMA’s CIIE.CO.

  • The objective of establishing the Accelerator Fund is to provide support and extend seed investment to early-stage enterprises, especially for deep technologies start-ups in India.
  • The partnership was formalised during an event at CIIE.CO, located in IIMA’s new campus in Gujarat.
  • This collaboration is a part of SIDBI’s “India of Tomorrow” initiative, which intends to strengthen India’s developmental and funding ecosystem for early-stage start-ups.

Small Industries Development Bank of India (SIDBI) has participated as an anchor investor in the Promising Lenders Fund (PLF) managed by Vivriti Asset Management Private Limited (VAM), a part of Chennai (Tamil Nadu)-based Vivriti Group, with an aggregate target corpus of Rs. 700 crore in two tranches.
About Small Industries Development Bank of India (SIDBI):
SIDBI set up on 2nd April 1990 under an Act of the Indian Parliament.
It is under the jurisdiction of the Ministry of Finance, GoI.
It is the Principal Financial Institution for the Promotion, Financing, and Development of the Micro, Small, and Medium Enterprise (MSME)
CMD– Sivasubramanian Ramann
Headquarters– Lucknow, Uttar Pradesh


Karnataka Govt & IBC Signed MoU To Set Up Recyclable Lithium-Ion Battery Unit
On 1st August 2023, the Karnataka government and the United States (US)-based International Battery Company (IBC) signed a Memorandum of Understanding (MoU) to set up a recyclable Lithium-ion battery manufacturing unit with an investment of Rs 8,000 crores (USD 1 Billion) in Karnataka.

  • The MoU was signed and exchanged by Venkatesh Valluri IBC President, IBC India Pvt. Ltd., and Dr Selvakumar, Principal Secretary for the Department of Commerce and Industries.

This will be 2nd Lithium-ion manufacturing facility in Karnataka. it is expected to be established on a 100-acre land at the Information Technology Investment Region (ITIR) at Devanahalli in the Bengaluru Rural district.


SpaceX Falcon 9 launches Intelsat’s G-37/H-4 Telecommunications satellite to Geostationary OrbitOn 3rd August 2023, Space Exploration Technologies Corporation (SpaceX) launched the Intelsat Galaxy 37/Horizons-4 (G-37/H-4), satellite to a Geosynchronous Transfer Orbit (GTO) to provide advanced television broadcasting services over North America. The satellite was launched aboard Falcon 9 rocket from Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Station in Florida, the United States of America (USA).

  • The Satellite was manufactured by Maxar Technologies Inc., a Space technology Company in the US.
  • It was the 52nd Orbital launch for SpaceX in 2023 and the 6th launch for this particular Falcon 9 first-stage booster, which landed successfully on the ‘Just Read the Instructions’ drone ship stationed in the Atlantic Ocean.

Note: It previously launched SpaceX’s Crew-5 astronauts, the US Space Force’s Global Positioning System (GPS)III-6 Satellite, Inmarsat I6-F2, National Aeronautics and Space Administration (NASA)’s Commercial Resupply Services (CRS)-28 mission to the International Space Station (ISS), and one Starlink mission.
Testing Phase:
i.The satellite’s initial testing phase will occur over Hawaii (USA) at approximately 148 degrees west, after which it will reposition itself to 127 degrees west, situating it west of Seattle (USA).
ii.The testing process aims to ensure the reliability and performance of the satellite before it enters service, which is expected to be in early October 2023.

  • After about 3 weeks of testing and maneuvers into a Geostationary orbit at about 35,500 kilometres above the equator.

Key Points:
i.The payload inside the rocket is the G-37/(H-4) communications satellite that will be jointly operated by Intelsat and JSAT International.
Note:

  • Intelsat, S.A., is a leading provider of communication satellite services in the USA.
  • JSAT International inc., a wholly-owned US subsidiary of SKY Perfect JSAT Corporation, the largest Japanese satellite operator with more than 17 satellites.

ii.The G-37/(H-4), destined for GTO is part of Intelsat’s “comprehensive Galaxy fleet refresh plan”, to bolster the C-band and Ku-band frequencies, respectively.
iii.The G-37/(H-4) satellite, weighing 5 metric tonnes, is equipped with 4 deployable antenna reflectors for C-band and Ku-band transmissions.
iv.The G-37 C-band payload will provide North American capacity for television media and telecommunication network customers.
v.The H-4 Ku-band payload will provide continuity for our mobility, network, and US government customers and is jointly owned by Intelsat and JSAT International.

  • It also helps free up the path of the airwaves for 5G wireless communications service.

vi.The Falcon 9 upper stage placed the G-37 Satellite into a supersynchronous transfer, conserving the satellite’s onboard fuel which will be used to circularise and lower the orbit.
vii.The second stage exhausted its remaining propellant supplies to reach the best possible orbit before releasing the satellite about 32 minutes after launch.
Note: The Satellite is projected to remain operational for at least 18 years.


Bharat Dynamics Limited Hands Over 1st ‘Radio Frequency Seeker of Akash’ to DRDOOn 2nd August 2023, Bharat Dynamics Limited (BDL) has handed over the first Radio Frequency (RF) Seeker of the Akash Next Generation(Akash-NG) Missile to the Defence Research and Development Organization (DRDO).

  • The 1st RF Seeker was handed over by Commodore Madhavarao (Retired), Chairman and Managing Director of BDL to Dr Samir V Kamat, Secretary, Department of Defence Research & Development and Chairman DRDO.

About Seeker:
i.Seeker is a crucial and technologically advanced subsystem used in the terminal phase of Surface-to-Air Missiles and Air-to-Air Missiles for target tracking.
ii.The RF Seeker has been designed by DRDO’s Research Centre
Imarat,Vigyanakancha,Hyderabad, Telangana and produced by BDL at its state-of-the-art Seeker Facility Centre set up at BDL, Kanchanbagh Unit,Hyderabad.
iii.This achievement marks a significant advancement in India’s defence capabilities and underlines the country’s determination to becoming “Atma Nirbhar” in critical Defence Technologies.
About Akash Next Generation(Akash-NG) Missile:
i.Akash-NG Missile is the short-range mobile surface-to-air missile system (SRSAM) developed by DRDO.
ii.It has an Operation range of 4.5 km to 25 kmand can travel up to 2.5 times the speed of sound (2.5 Mach)
About Bharat Dynamics Limited (BDL):
BDL is a miniratna I Central Public Sector Enterprises (CPSE) under the Ministry of Defence, Government of India to be the manufacturing base for guided missile systems and allied equipment for the Indian Armed Forces.
Chairman and Managing Director – Retired Commodore A Madhavarao
Established – 1970
Headquarters – Hyderabad, Telangana


Marathi Poet & Lyricist Namdeo Dhondo Mahanor Passed AwayOn 3rd August 2023, Marathi poet and lyricist Namdeo Dhondo Mahanorpopularly known as Na Dho Mahanor, passed away at the age of 81 in Pune, Maharashtra.

  • He was born on 16th September 1942, in Palaskheda village, Aurangabad (now called Sambahajinagar), Maharashtra. Apart from writing, he had a passion in agriculture.
  • Mahanor was elected to the Maharashtra Legislative Council (MLC) in 1978.

Notable works:
i.Jagala Prem Arpave, Ganga Wahu De Nirmal, Divelaganichi Vel, Ranatalya Kavita, Wahi, and Pavsali Kavita were just some of the popular poems and songs he composed.
ii.He prose includes short stories like Gapsap and Village Stories in addition to novels like Gandhari.
iii.He also wrote songs for Marathi movies like Ek Hota Vidushak, Jait Re Jait, Sarja and also published a collection of folk songs, Songs of Palasroad.
Awards & Honors:
i.He was honored with the Padma Shri award, the fourth-highest civilian honor of India, in 1991 for his contribution in the field of literature.
ii.He was also given the Sahitya Akademi Award for his contribution to Marathi poetry in 2000.
iii.He received the Krishi Bhushan in 1985, World Film Festival Lyricist Jeevan Gaurav Award in 2015, the Vanashree for his work in the watershed environment, and the Krishiratna Gold Medal for Meritorious Achievement in Agriculture.
iv.The government of Maharashtra recognized Mahanor’s literary contributions, honoring him with the Gadima Prize. 


World Wide Web Day 2023- 1st AugustWorld Wide Web Day is annually observed across the globe on 1st August to commemorate the introduction of the World Wide Web (WWW) and its impact on the world.
What is WWW?
i.WWW, also known as Web, is a collection of websites or web pages stored in web servers and connected to local computers through the internet.
ii.These websites contain text pages, digital images, audios, videos, etc.
iii.Users can access the content of these sites from any part of the world over the internet
Background: 
i.Tim Berners-Lee a British computer scientist, developed the WWW on 1 August 1989, which marked the beginning of the Internet, at the CERN center (the European Organisation for Nuclear Research) located in Geneva, Switzerland, as a way for him to interact with co-workers via hyperlinks.
ii.The world’s first website went live on 6th August 1991 which was hosted on Berners-Lee’s NeXT computer.


Earth Overshoot Day 2023- 2nd August Earth Overshoot Day (EOD) marks the date when humanity’s demand for ecological resources and services in a given year exceeds what Earth can regenerate in that year.

  • Earth Overshoot Day 2023 falls on 2nd August. This means that humanity currently uses 75% more than what the planet’s ecosystems can regenerate.

Current Affairs – 3 August 2023

National Mission for Clean Ganga Approves 7 Projects Worth Rs 692 CroreThe National Mission for Clean Ganga(NMCG) approved 7 projects worth Rs 692 crore for the construction of Sewage Treatment Plants(STP)and other works to prevent pollution of the river Ganga and its tributaries.

  • The projects were approved at the 50th meeting of the Executive Committee of NMCG held on 1st August 2023, under chairmanship of G. Asok Kumar, Director General(DG) of NMCG.

i.A Project to start the M.Sc. Course in Freshwater Ecology and Conservation at the Ganga Aqualife Conservation Monitoring Centre, Wildlife Institute of India, Dehradun, at a cost of Rs. 6.86 crore for ten years was approved by NMCG.
About National Mission for Clean Ganga(NMCG):
Director General(DG) – G Asok Kumar
Established – 2011


7 products from Rajasthan, Goa & UP get Geographical Indication tag Geographical Indications Registry headquartered in Chennai (Tamil Nadu) under the Department of Industry Promotion and Internal Trade (DIPIT), Ministry of Commerce and Industry (MoCI) has granted Geographical Indications (GI) tags for 7 new products from 3 states– 4 from Rajasthan, 2 from Goa and 1 from Uttar Pradesh (UP).
Tamil Nadu (TN) has now become the state with a maximum of 58 Geographical Indication (GI) tagged products with the addition of 3 new products of TN namely Tirunelveli’s Chedibutta saree, Kanniyakumari’s Matti banana, and Tiruvannamalai’s Jaderi namakatti. Uttar Pradesh holds the second position with 51 GI products followed by Karnataka (48), Kerala (36) and Maharashtra (34).
The GIs Registry in Chennai, Tamil Nadu (TN) has given the GI Tag for 3 new products from the state of Tamil Nadu namely Jaderi NamakattiMatti banana, and Chedibutta saree. With the 3 new products, TN tops the list with 58 GI-tagged products followed by Uttar Pradesh (51) and Karnataka (48).


Overview of PM Narendra Modi’s visit to Pune,MaharashtraPrime Minister(PM) Narendra Modi visited Pune, Maharashtra on 1st April 2023. He flagged off the Pune metro trains and inaugurated and laid the foundation stone of various development projects.
i.PM Narendra Modi was conferred the Lokmanya Tilak National Award 2023 by the Tilak Smarak Mandir Trust, which comes with a memento and citation, in appreciation for his exceptional leadership and his work promoting patriotism among citizens.
ii.He dedicated the Pimpri Chinchwad Municipal Corporation’s (PCMC) Waste to Energy Plant. It was developed at a cost of approximately Rs 300 crores and will consume approximately 2.5 lakh Metric Tonnes(MT) of trash yearly to generate power.
About Maharashtra:
Chief Minister – Eknath Sambhaji Shinde
Governor –  Ramesh Bais
Dances  – Dangari Gaja, Povadas Dance,Lavani Dance


New Guidelines for Designation of Senior Advocates in the SC
The Supreme Court (SC) of India has introduced new guidelines named as Guidelines for Designation of Senior Advocates by the Supreme Court of India, 2023 for the designation of senior advocates practising in the Supreme Court of India.It replaced the guidelines issued in 2018.

  • The new guidelines prescribe a minimum age of 45 years for applying for the ‘senior advocate’ designation and minimum of 10 years of standing(mainly in Supreme Court).
  • This age limit can be relaxed by the Committee, the Chief Justice of India(CJI) or a Supreme Court judge if they recommend an advocate’s name.

Why new guidelines?
The new guidelines have been introduced following a ruling on May 12, 2023 by a three-judge bench led by Justice Sanjay Kishan Kaul. The ruling was in response to a case seeking modifications in the ‘senior advocate’ designation guidelines set by a 2017 Supreme Court ruling in the Indira Jai Singh v. Union of India case.

  • The 2017 guidelines allowed the CJI and “any judge” to recommend an advocate’s name for designation, the new 2023 guidelines specify that the CJI and “any Judge of the Supreme Court” may recommend an advocate’s name in writing.

Key Changes in the New Guidelines:
i.The new guidelines mention that “any Judge of the Supreme Court” can recommend an advocate’s name in addition to the Chief Justice of India.
ii.The weightage for reported and unreported judgments, excluding those that don’t establish legal principles, has been increased from 40 to 50 points.
iii.Guidelines reduced the marks for “publication of academic articles” from 15 to 5.

  • “Experience of teaching assignments in the field of law” and “guest lectures delivered in law schools and professional institutions connected with law” have been combined and will also account for 5 marks.

Committee for Designation of Senior Advocates:
All matters relating to the designation of Senior Advocates in the Supreme Court of India will be dealt by “Committee for Designation of Senior Advocates”.
Composition of the Committee:
Chairperson – Chief Justice of India (CJI) (current CJI is Dhananjaya Yeshwant Chandrachud)
Members:  Two senior-most Judges of the Supreme Court of India; Attorney General for India (AGI) and A member of the Bar council(nominated by the Chairperson and other Members).
Transparency and Objectivity in Designation
i.The evaluation procedure now encompasses the inclusion of legal article publications, teaching responsibilities, and guest speaking engagements.
ii.This is intended to offer a more comprehensive representation of the advocate’s capacity to contribute to legal progress.
iii.The updated criteria are designed to guarantee openness and impartiality in the selection process.


DGT Partners With Amazon Web Services to Enhance Students in Emerging Technologies
The Directorate General of Training (DGT) under the Ministry of Skill Development and Entrepreneurship (MSDE) is partnering with Amazon Web Services (AWS) India to enhance students’ capabilities and employability in emerging technologies like cloud computing, data annotation, artificial intelligence (AI), and machine learning (ML).

  • The pact aims to provide students enrolled in DGT institutions with valuable self-paced online learning programs at no cost.

Key points:
i.Under this partnership, AWS India will offer cutting-edge learning content through DGT’s Bharat Skills platform.
ii.This platform serves as a central repository of updated curriculum, course content, question banks, and learning videos for all courses under the Craftsmen Training Scheme (CTS) and Crafts Instructor Training Scheme (CITS) offered by approximately 15,000 Industrial Training Institutes (ITIs) and 33 National Skill Training Institutes (NSTIs) across India.
iii.According to the “Asia Pacific Digital Skills Study,” 92% of the 769 employers surveyed in India believe that one emerging technology, such as AI, edge and quantum computing, blockchain, or cryptocurrency, will become a standard part of their future business operations.


WHO Report on Global Tobacco Epidemic 2023: 5.6 Billion People Protected by at Least One Tobacco Control Measure

The World Health Organization (WHO) released the “’WHO report on the global tobacco epidemic, 2023: Protect people from tobacco smoke“, the 9th report in the series that tracks the status of the tobacco epidemic and interventions to combat it. The report monitors countries’ progress in tobacco control since 2008 and also marks 15 years since the introduction of MPOWER, which is designed to assist countries in implementing demand-reduction measures of the WHO Framework Convention on Tobacco Control (WHO FCTC).

  • The report state that around 5.6 billion people (71% of the world’s population or 7 in 10 people globally) are protected with at least one best practice of tobacco control measure, a 5 times increase from 2007.
  • The report showed that 2 new countries, Mauritius and the Netherlands, have achieved best-practice level in all MPOWER measures. Until now, this was achieved by only Brazil and Türkiye.
  • Mauritius has become the first African country to fully implement the entire MPOWER Measures.  It has recorded a 25% decline in the prevalence of smoking among adults between 1992 and 2021.

About World Health Organization (WHO):
Director-General– Dr Tedros Adhanom Ghebreyesus
Headquarters– Geneva, Switzerland


CRED launched RuPay credit card-based UPI paymentsCRED, a Bengaluru (Karnataka) based fintech company, in collaboration with the National Payments Corporation of India (NPCI), introduced RuPay credit card-based Unified Payments Interface (UPI) payments for CRED members.
Features and Benefits:
i.Members of CRED can now use their RuPay credit cards to make payments to merchants via UPI.
ii.This integration enables members to complete transactions quickly and securely with a simple scan using their linked RuPay credit card.
iii.This initiative will benefit banks and merchants through increased consumption and inclusion in the credit ecosystem.
iv.It also eliminates the requirement to carry physical cards, enabling seamless payments using saved cards and the benefit of tracking and clearing bills right on the CRED app.
v.It can enable customers to earn more rewards on their UPI transactions through their credit cards on CRED.
vi.Increasing the use of credit cards for UPI transactions offers customers, the use of credit to handle their expenses and ensure they maintain their account balances for longer.
Key Points:
i.Multiple payment options for UPI will be now available for the CRED members such as linking their Rupay Credit Card, Peer-to-Peer (P2P), Scan and Pay, and paying on online merchants.
ii.CRED supports RuPay credit cards issued by banks such as HDFC Bank, ICICI Bank, Yes Bank, Axis Bank, BOB Financial Solutions, Canara Bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank, and Union Bank.
Note: Currently, the CRED app is the 4th most preferred UPI app.
About CRED:
Founder & Chief Executive Officer (CEO)- Kunal Shah
Headquarters– Bengaluru, Karnataka
Established in– 2018


India’s Q1 FY24 Fiscal Deficit at Rs 4.51 Trillion, 25% of Annual TargetBased on the data released by Controller General of Accounts(CGA) under Department of Expenditure, Ministry of Finance on 31st July 2023, the fiscal deficit for first quarter(Q1 – April 2023 to June 2023) stood at Rs 4.51 trillion(USD 54.86 billion) as against the full year estimate of Rs 17.86 trillion, accounting for 25.3% of annual estimates for the financial year 2023-2024(FY2024).

  • It was lower at Rs 3.5 trillion or 21.2% of the Budget estimate in the corresponding period in FY 2022-2023 (FY23).
  • The rise in fiscal deficit is attributed to increased capital expenditure and accelerated tax devolution to state governments, which offset the sharp increase in non-tax revenues.

Key Points:
i.Capital Expenditure (Capex) Surge:

  • Capex increased significantly to Rs 2.78 trillion in June 2023 quarter.
  • This marked a substantial rise from Rs 1.75 trillion in the same period the previous year.

ii.Non-tax revenues:
Total non-tax revenue for Q1 in FY2024 was Rs 1,54,968 crore or 51.4 % of the budget estimates against 23.1% for the same period last year. Dividends and profits made up 105% of the non-tax revenue, adding up to Rs 91,000 crore.
Other Observation:
i.Receipts and Tax Revenues:

  • Total receipts for April-June reached Rs 5.99 trillion, constituting 22.1% of annual estimates.
  • Tax receipts contributed Rs 4.3 trillion, equivalent to 18.6% of annual estimates.

ii.Total Expenditure Increase:

  • Total expenditure grew notably to Rs 10.5 trillion in June 2023 quarter.
  • This represents 23.3% of annual estimates, a significant rise from Rs 5.86 trillion in the previous year’s period.

iii.Fiscal Deficit Target:

  • Government’s aim: Reduce fiscal deficit to 5.9% of Gross Domestic Product (GDP) in FY 2023-24 against 6.4% last year.

iv.Non-Tax Revenue Surge:

  • Net tax revenues contracted by 14%.
  • Non-tax revenues surged by 149%, driven by factor like RBI dividend transfer of Rs 87,416 crore in May 2023 for FY2023

v.Expenditure Composition: Within total revenue expenditure of Rs 7.72 trillion at June quarter-end:

  • Interest payments accounted for Rs 2.44 trillion and Rs 87,035.14 crore directed toward subsidies.

About Fiscal Deficit:

  • It is the excess of total spending from the Consolidated Fund of India(excluding repayment of the debt) over total receipts into the fund (excluding the debt receipts) during a financial year.
  • Formula: Fiscal Deficit = Total expenditure of the government (capital and revenue expenditure) – Total income of the Government (Revenue Receipt + Recovery of loans + Other receipts).

RIL & Brookfield Asset Management singed MoU to Manufacture RE & Decarbonisation Equipment in Australia
Brookfield Asset Management signed a Memorandum of Understanding (MoU) with Reliance Industries Limited (RIL) to explore opportunities to manufacture renewable energy and decarbonization equipment in Australia. The MoU with RIL is a part of Brookfield’s efforts to bring global manufacturing technology and expertise to Australia.

  • The MoU aims to accelerate and de-risk Australia’s energy transition by enabling it to locally produce clean energy equipment such as photovoltaic (PV) modules, long-duration battery storage, and components for wind energy which will help Australia transition to a net zero future
  • Under the MoU, Brookfield will work with RIL to explore direct capital investment and development of skills, knowledge and expertise in the renewable energy sector of Australia to facilitate the nation’s transition to a net zero future.
  • The two companies will evaluate the operations in Australia to make/or assemble equipment used in the construction of renewable energy projects supplying equipment.
  • Brookfield will utilize RIL’s expertise in solar panel technology and long-duration battery storage technology.

Note: In March 2023, Brookfield signed a binding agreement with EIG Consortium to acquire Origin Energy. As a part of the acquisition, Brookfield and its partners are set out a plan to invest between AUD 20 billion and AUD 30 billion over the next 10 years to accelerate its energy transition.


2022/2023 NSTF-South32 Awards : Mohamed Reza Mia, Indian-origin South African Won Innovation Award for Aircraft ProjectDr Mohamed Reza Mia, Indian-origin South African(SA) and Chairman and Founder of Johannesburg(SA)- based Pegasus Universal Aerospace (PUA) Company, won the 2022/2023 National Science and Technology Forum (NSTF)-South32 Awards for outstanding contributions to Science, Engineering, Technology (SET) and innovation in SA for the category “Innovation Award: Small, Medium and Micro Enterprise (SMME)“.

  • The Innovation Award was won by the Pegasus Universal Aerospace team, recognised for the design and development of a vertical take-off and landing (VTOL) aircraft.
  • The design and development of VTOL aircraft is expected to create between 7 000 and 11 000 new jobs.

Note: The SMME awards are sponsored by the National Intellectual Property Management Office (NIPMO) under the Ministry of Science and Technology, Government of SA, and include prizes for a contribution by an individual or a team in an SMME over the last 5 to 10 years.
About Mohamed Reza Mia:
i.He is a healthcare practitioner, specialising as a General Practitioner, (GP), in  Johannesburg, SA with a special interest in Aesthetic Medicine and AntiAging Therapies.
ii.He founded the Pegasus Universal Aerospace (PUA) company in 2012 to make a small private jet with (VTOL) capability.
iii.By combining the best features of a helicopter and a business jet, he has developed a prototype aircraft that could be used for tricky rescue airlifts and emergency air transportation.
About the Pegasus Aircraft:
i.The ‘Pegasus’ aircraft resembles a small jet, but doesn’t need a runway. It’s the first time that a VTOL vehicle outperforms traditional business jets in speed, range, payload, and passenger capacity.
ii.It will also be safer than either a helicopter or plane and among the innovative aircraft designs, Pegasus stands out for its unique feature that marks the possibility of stalling and falling out of the sky.
iii.PUA, primarily self-funded is currently testing quarter-scale models that have a wing-span of 4 metres. PUA also partnered with an automation and robotics company to further reach greater heights.
Note: The Pegasus Vertical Business Jet (VBJ) prototype was featured in the Hollywood movie “The Lost City” released by Paramount Pictures in 2022.
Another Innovation Category Award:
i.LignOrganics, a bio-manufacturing company in SA also won the award for the category, Innovation Award: SMME.
ii.LignOrganics is the first on the African continent to produce sulphur-free lignin  and the first in the world to achieve ‘total biomass valorisation’.
NSTF 2023:
i.The 2023 event was the 25th edition of NSTF Awards held on 13th July 2023 and took place simultaneously in Cape Town and Johannesburg, SA .
ii.The NSTF’s theme for 2023 is Ocean Science for sustainable development.

  • This theme was selected in response to the United Nations (UN) proclamation of the decadal theme of Ocean Science for Sustainable Development for 2021-2030.

iii.In 2023, NSTF introduced a new “Special Annual Theme Award” for an outstanding contribution to SET and innovation through research and innovation in Ocean Science for Sustainable Development.

  • It is designed to focus on research and innovation in ocean science in support of attaining the Sustainable Development Goals (SDGs) in SA.

BSNL’s Shivendra Nath Appointed as CMD of EPI
On 27th July 2023, the Public Enterprise Selection Board (PESB) panel selected Shivendra Nath for the post of Chairman and Managing Director (CMD), Engineering Projects (India) Ltd (EPI), a Public Sector Undertaking (PSU) under the Ministry of Heavy Industries.

  • He is currently serving as the Senior General Manager of Bharat Sanchar Nigam Limited (BSNL), a PSU under the Department of Telecommunications, Ministry of Communications.
  • He will replace Dhirendra Singh Rana, the incumbent CMD of EPI, who took charge in 2019 and is scheduled to retire on September 30, 2023.
  • As CMD of EPI, Shivendra Nath will be the Chief Executive Officer (CEO) of the company and will be accountable to its board and directors.
  • About Shivendra Nath:

i.Shivendra Nath, a distinguished 1994-batch Union Public Service Commission (UPSC) officer, started his engineering career in 1994 as the Engineering Project Manager of the Personnel & Training (P&T) Department, Indian Engineering Services through UPSC.
ii.He served as the Chief Engineer at BSNL till September 2020.
iii.He assumed the role of Superintending Engineer at Naya Raipur Development Authority (NRDA) until January 2021.
About Engineering Projects (India) Ltd (EPI):
EPI was incorporated in April 1970 as the Indian Consortium for Industrial Projects Ltd. consortium of 7 PSUs.
It was renamed Engineering Projects (India) Ltd. in December 1970.
CMD– Dhirendra Singh Rana
Headquarters– New Delhi, Delhi
Established in– 1965


MFIN Elects Udaya Kumar Hebbar as Its ChairpersonOn 31st July 2023, Microfinance Industry Network (MFIN) elected Udaya Kumar Hebbar as Chairperson and Manoj Kumar Nambiar as the Vice Chairperson in its 14th Annual General Meeting (AGM) in Delhi.
Udaya Kumar Hebbar
i.Udaya Kumar Hebbar assumed the position from Devesh Sachdev, MD & CEO of Fusion Micro Finance Ltd. on completion of his respective term.
ii.Hebbar is the Managing Director (MD)of CreditAccess Grameen Ltd.
Manoj Kumar Nambiar
i.Manoj Kumar Nambiar assumed the position from Vivek Tiwari, MD & CEO of Satya MicroCapital Ltd. on completion of his respective term.

  • Previously Manoj Kumar Nambiar was elected as a Chairperson of MFIN in 2019 and was re-elected in 2020.

ii.Nambiar is the MD of Arohan Financial Services Ltd.(an Aavishkaar Group company).
About Microfinance Institutions Network (MFIN):
i.MFIN was established in 2009 as an Industry Association for Non-Banking Financial Companies – Microfinance Institutions (NBFC-MFI).
ii.In 2014, MFIN was recognized by the Reserve Bank of India (RBI) as India’s first Self-Regulatory Organization (SRO) for the NBFC-MFIs.
iii.MFIN Members are Reserve Bank of India (RBI)-regulated entities comprising the 55  NBFC-MFIs, and 44 Associates including Banks, Small Finance Banks (SFBs), NBFCs, Banking Correspondents(BC), Credit Bureau, Fintech companies, among several others.
About Microfinance Institutions Network (MFIN):
Chairman- Udaya Kumar Hebbar
Headquarters- Gurugram, Haryana
Established- 2009


Prof Ganesan Kannabiran, NIT’s Former Director In charge appointed as NAAC Director
On 28th July 2023, Professor Ganesan Kannabiran, a former Dean of Research & Consultancy and Director in charge of the National Institute of Technology (NIT)- Tiruchirappalli, assumed charge as the new Director of the National Assessment and Accreditation Council (NAAC) in Bengaluru, Karnataka, and his tenure will be for 5 years.

  • He replaced Prof. S. C. Sharma, who served as the Director of NAAC from May 2018 to May 2023.

About Ganesan Kannabiran:
i.He established the Center for Subject Matter Expert (SME) Research Development and led the institutional-level ‘Strategic Planning Group’ assisting in a major goal-oriented transformation at NIT-Tiruchirappalli.
ii.He also served as Director in charge of NIT Puducherry.
iii.He was the founding Director of the Indian Institute of Information Technology (IIIT) Sri City Andhra Pradesh (An Institute of National Importance) and led the institution from 2018 to 2023.
iv.He founded 2 Section 8 Companies (Center for Entrepreneurship Development and Incubation (CEDI) at NIT Trichy and Gyan Circle Ventures at IIIT Sri City, Andhra Pradesh).
v.He serves as a member of the Academic Advisory Committee of Project Management Institute India.
vi.He is also a member of the Computer Society of India and the Indian Society for Training and Development.
About National Assessment and Accreditation Council (NAAC):
It is an autonomous institution of the University Grants Commission (UGC), Established in 1994.
It conducts assessment and accreditation of Higher Educational Institutions (HEIs).
Chairman of Executive Committee– Prof. Anil Sahasrabudhe
Director– Prof. Ganesan Kannabiran
Headquarters– Bengaluru, Karnataka.


World FinTech Day 2023 – 1st AugustWorld FinTech Day is annually observed across the globe on 1st August to celebrate and recognize financial technology and its transformative impact on the global financial industry.
Fintech: 
i.Financial technology, or Fintech, refers to the use of technology in delivering financial services which ranges from mobile banking and cryptocurrency to investment services and online lending.
ii.Fintech has democratized access to financial services, enabling more people to participate in the global economy.
iii.Fintech has revolutionized the banking sector by introducing faster, more efficient, and customer-centric services
Why August 1?
i.August 1st marks the death anniversary of Cosimo de’ Medici in 1464.
ii.Medici was a 15th-century Italian politician and banker who established the Medici Bank and influenced the present-day banking system.
Recent Fintech innovations:

  • Blockchain and Cryptocurrencies
  • Robo-advisors
  • Mobile Payments and Digital Wallets
  • Peer-to-Peer Lending

Additional Info:

  • The global blockchain in banking and financial services market is reported to have experienced significant growth, increasing from USD($)1.89 billion (roughly Rs. 15,552 crore) in 2022 to USD 3.07 billion (roughly Rs. 25,262 crore) in 2023.
  • This growth reflects a compound annual growth rate (CAGR) of 62.1 percent during this period.

Muslim Women Rights Day 2023 – 1st August The Muslim Women’s Rights Day is annually celebrated across India on 1st August to commemorate the enactment of the Muslim Women (Protection of Rights on MarriageAct, 2019, which prohibits the practice of triple talaq in India.

  • 1st August 2023 marks the observance of the 4th Muslim Women’s Rights Day.
  • The legislation declared that triple talaq is a cognizable and non-bailable offense and shall also sentence any such perpetrator to three years of imprisonment.

Background: 
i.The Triple talaq bill also known as the Muslim Women (Protection of Rights on Marriage) Act, 2019, was passed by the Indian Parliament on 30th July 2019, to make instant Triple talaq in any form such as spoken, written, or by electronic means void and a criminal offense.
ii.Then President Ram Nath Kovind gave his assent to the bill on 1st August 2019 and criminalized triple talaq in India.
About Ministry of Minority Affairs:
Union Minister- Smriti Zubin Irani (Constituency-Amethi, Uttar Pradesh)
Minister of State (MoS)- John Barla


Kerala CM Pinarayi Vijayan Launches LEAP Coworks for KSUM Beneficiaries

Current Affairs – 2 August 2023

TRAI and C-DoT Sign MoU to Establish Mechanism of Technical and Institutional Cooperation in TelecommunicationsOn 25th July 2023, the Telecom Regulatory Authority of India (TRAI) and the Centre for Development of Telematics (C-DoT) signed a memorandum of understanding (MoU) to establish the mechanism of technical and institutional cooperation in telecommunications, at TRAI headquarters in New Delhi, Delhi.

  • The MoU has been signed by Anil Kumar Bhardwaj, DG (TRAI CSR) and Rajeev Kumar, Registrar, C-DoT.

Outcome of the MoU:
i.Through the MOU, TRAI Centre of Studies and Research (TRAI CSR) and C-DoT have collaborated to explore the potential of emerging technologies.
ii.The MoU steps towards policy research, regulatory studies, and knowledge dissemination of upcoming technologies in the telecom and broadcasting sectors.
About TRAI CSR:
i.The TRAI CSR was established as an entity within TRAI to conceptualize, coordinate, and enable technological studies in the telecom and broadcasting sectors.
ii.Its task is to enable technology-driven growth in India by combining the energies of different industries and sectors.
C-DOT Signs Consortium Agreement with industry partners for ‘Collaborative Development of Disaggregated 5G RAN Solution’
The Centre for Development of Telematics (C-DOT), the premier Telecom Research and Development (R&D) Centre of the Department of Telecommunications (DoT), has signed a consortium agreement with leading industry partners for ‘Collaborative Development of Disaggregated 5G Radio Access Network  (RAN)  Solution’ to bolster India’s telecom R&D capabilities.

  • The industry partners include Lekha Wireless Solutions Private Ltd, Signaltron Systems Private Ltd, Sooktha Consulting Private Ltd, and Resonous Technologies Private Ltd.
  • The collaboration aims to create an Open Radio Access Network (O-RAN)compliant disaggregated 5G RAN solution that can effectively operate in the FR1 and FR2 (Frequency Range) frequency bands, catering to both public and private 5G networks.

Recent Related News:-
On 7th February 2023, K Rajaraman, Chairman, Digital Communications Commission (DCC) & Secretary of the Department of Telecommunications, Ministry of Communications (MOC), launched the ‘IEEE C-DOT Certified Telecom Expert Program (ICCTEP)’ to bring learning in the areas of Telecom including 5G, Cyber Security and Quantum Communication to bridge the skill gap. The first program launched on the platform is on 5G and beyond.
About Centre for Development of Telematics (C-DOT):
Chief Executive Officer(CEO)- Rajkumar Upadhyay
Headquarters-  New Delhi, Delhi
Established- 1984


Overview of SemiconIndia Conference 2023 held from 28th-30th July 2023 in GujaratOn 28th July 2023, Prime Minister (PM) Narendra Modi inaugurated the 2nd Edition of the Annual Global Summit, SemiconIndia Conference 2023′ in Mahatma Mandir in Gandhinagar, Gujarat

  • SemiconIndia 2023, the 3-day program held from July 28 to 30, 2023, was organised by India Semiconductor Mission in partnership with industry and industry associations.
  • The event showcases the semiconductor strategy and policy of India which envisions making India a global hub for semiconductor design, manufacturing, and technology development.
  • The theme of SemiconIndia 2023 is ‘Catalysing India’s Semiconductor Ecosystem’.

i.The Ministry of Electronics and Information Technology (MietY) included 2 more semiconductor design startups/ o, Small & Medium Enterprises (MSMEs) namely Aheesa Digital Innovations and Calligo Technologies under its SemiconIndia future DESIGN Design-Linked Incentive (DLI) scheme at the SemiconIndia 2023 conference in Gandhinagar, Gujarat.
ii.Advanced Micro Devices, Inc. (AMD), a California company, committed to investing approximately USD 400 million in India over the next 5 years.
iii.Dr Subrahmanyam Jaishankar, External Affairs Minister (EAM) of India, held the 15th India-Japan Foreign Ministers’ Strategic Dialogue with Yoshimasa Hayashi, Minister of Foreign Affairs of Japan in New Delhi, Delhi. They explored potential areas of collaboration in critical and emerging technologies, including semiconductors; resilient supply chains; and digital public infrastructure, among others.
About India Semiconductor Mission (ISM):
It is a specialized and independent Business Division within the Digital India Corporation.
Under the oversight of the Ministry of Electronics and IT (MeitY), the ISM was introduced in 2021.
Chairman– Alkesh Kumar Sharma
Chief Executive Officer– Amitesh Kumar Sinha
Headquarters New Delhi, Delhi


India & Moldova Agreed to Sign MoU for Cooperation in AgricultureOn July 31st 2023, India and eastern European country Moldova agreed to sign a memorandum of understanding (MOU) for cooperation in the agriculture sector during a meeting between Shobha Karandlaje, Minister of State(MoS) for Agriculture, and Vladimir Bolea, Deputy Prime Minister and Minister for Agriculture & Food Industries of Moldova at Krishi Bhawan, New Delhi, Delhi.

  • During the meeting, the Ministers emphasized the potential for increasing bilateral trade in agricultural commodities and for strengthening of bilateral agricultural cooperation through the exchange of knowledge and technology.
  • Vladimir Bolea expressed Moldova’s interest in exporting vegetable oils to India and importing fertilizers and pesticides from India .
  • He also highlighted the Moldovan culture of producing wine and apples as a way of life and expressed interest in exporting these products to India.

About Moldova:
Prime Minister(PM)- Dorin Recean
President- Maia Sandu
Currency- Moldovan Leu (MDL)
Capital- Chisinau


Non-Food Bank Credit grew to 16.3% in June 2023, for Aviation its 93.4Hike: RBI Datai.On July 31, 2023, the Reserve Bank of India (RBI) released a report ‘Sectoral Deployment of Bank Credit – June 2023‘ showcasing a Year-on-Year (Y-o-Y) growth of non-food bank credit to 16.3% in June 2023 as compared with 15% in June 2022.
ii.On the other hand, the food bank credit shows a decline of -25.4% in June 2023 as compared to a decline of -55% in June 2022
iii.The Total Bank Credit (Food Credit + Non-food Credit) grew at 16.2% in June 2023 from 14.5% in June 2022.
iv.According to the report, the gross credit deployment in the aviation sector by 40 Indian SCBs witnessed a remarkable 93.4% year-on-year (y-o-y) surge in June 2023, reaching Rs 42,033 crore from Rs 21,733 crore in June 2022.
About Reserve Bank of India (RBI):
Governor – Shaktikanta Das
Deputy Governors –Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar, and
Swaminathan Janakiraman
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra


Paytm Launches 2 New Devices: Pocket Soundbox & Music Soundbox To Empower On-The-Go MerchantsOn July 31, 2023, Paytm, owned by One97 Communications Ltd (OCL), introduced two new cutting-edge payment devices, the Paytm Pocket Soundbox and Paytm Music Soundbox. Both devices are equipped with 4G capabilities, providing enhanced convenience for on-the-go merchants.
About Paytm Pocket Soundbox:
It is a first-of-its-kind Made in India’ portable device as small as debit card to empower on-the-go merchants with instant audio payment alerts. This easy-to-carry device has all the features of Paytm Soundbox.

  • It provides 5-day battery life, 4G connectivity and a torch to keep going even in low-light conditions.
  • The merchants on the go include cab and auto drivers, electricians, delivery agents, parking fee collectors and cart vendors.

About Paytm Music Soundbox:
It is a unique device that allows merchants to play music from their mobile phones via Bluetooth while managing payment transactions. It serves both as a speaker for payment notifications and a Bluetooth music player.

  • It has 10-day battery life, 4G connectivity and a powerful 4W speaker.
  • An additional feature called “voice overlay” enables merchants to hear payment notifications while music is playing.

About Paytm:
Founder & CEO– Vijay Shekhar Sharma
Headquarters– Noida, Uttar Pardesh (UP)


Sebi asks MIIs to develop Common Online Dispute Resolution PortalOn 31st July 2023, Security market regulator, Securities and Exchange Board of India(SEBI) released a circular stating Market Infrastructure Institutions (MIIs) such as stock exchanges, depositories and clearing corporations should set up a common Online Dispute Resolution (ODR) portal to resolve disputes involving investors, listed companies, designated intermediaries and regulated entities.

  • Market participants such as all listed companies, specified intermediaries and regulated entities should enrol in the portal.
  • Essential features and functionalities will be integrated into the ODR Portal to facilitate the registration of investors and market participants, the submission of complaints, and the uploading of relevant documents or papers related to the dispute.
  • The portal will include a status update facility that retrieves information from the ODR Institution concerning the progress of the complaint.

Two Phases:
Phase 1(From 1st August 2023 to 16th August 2023): 
i.Development of the ODR Portal, empanelment of ODR Institutions by the MIIs and empanelment of conciliators and arbitrators by those ODR Institutions by August 1, 2023.
ii.Registration of trading members and depository participants on the ODR Portal will be accomplished by August 15, 2023.
iii.From August 16, 2023 onwards, the registration of complaints against brokers and depository participants, as well as their resolution, will commence.
Phase 2:
i.It is proposed that registration of all other market participants on the ODR Portal will be completed by September 15,2023.
ii.The registering of complaints against all other market participants and their resolution will begin from September 16,2023.
Dispute resolution process:
To initiate the dispute resolution process, SEBI has outlined the following steps:
i.In the first instance, the investor must raise their grievance directly with the market participant by lodging a complaint.
ii.If the grievance is not resolved satisfactorily, the investor can escalate it through the SCORES(SEBI Complaints Redress System) portal.
iii.After exhausting all available resolution options, if the investor remains dissatisfied, they can initiate dispute resolution through the ODR Portal.
iv.Alternatively, the investor may directly opt for the ODR Portal if the grievance lodged with the market participant was not resolved to their satisfaction, or at any subsequent escalation stage.
Note: The concerned market participant has the option to initiate dispute resolution through the ODR Portal. However, before doing so, they must provide the investor with a notice period of at least 15 calendar days to attempt resolution, which should have remained unsatisfactorily resolved between them.
About Securities Exchange Board of India(SEBI):
Chairperson – Madhabi Puri Buch
Headquarters – Mumbai, Maharashtra
Established in – 1992


Karnataka Bank Hosts Fintech Growth Program in Bengaluru
On 28th July 2023, Karnataka Bank Limited, a leading ‘A’ Class Scheduled Commercial Bank in India, hosted the first edition of ‘KBL – FinOne’,  “A Fintech Growth Program”  in Bengaluru, Karnataka.

  • The  objective  is to forge collaborations to develop innovative business models, providing seamless banking experience & offering a complete product suite.
  • Srikrishnan H is the Managing Director(MD) and Chief Executive Officer(CEO) of the bank.

The first edition of ‘KBL – FinOne’ featured over 30 speakers from various fintechs, on topics such as emerging lending models, neo-banks, platformization, including no code – low code, embedded finance, cards infrastructure, payment innovations, etc.
Note: The event is hosted in association with “The Fintech Meetup”.


Thuraiya Hamid Alhashmi Elected as BoD and Constituency Director of BRICS’ NDB
BRICS’ New Development Bank (NDB) has elected Thuraiya Hamid Alhashmi, Director of International Financial Relations and Organisations Department at the United Arab Emirates (UAE) Ministry of Finance, as a member of its Board of Directors and a Constituency Director.

  • Alhashmi will become the first Emirati and Arab woman to assume a Director’s position at the NDB bank, established by Brazil, Russia, India, China and South Africa (BRICS) in July 2015 to support infrastructure projects in BRICS countries and other emerging economies
  • She was appointed following an internal voting process during NDB’s 8th annual meeting held in Shanghai, China.

Alhashmi was involved in managing the UAE’s relationship with international financial organizations, including the World Bank, the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD), NDB, the Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development, the Islamic Development Bank (IsDB), and the G20 (Group of Twenty) Finance Track


LIC MF Completes Merger of IDBI MF SchemesOn 29th July 2023, Life Insurance Corporation of India(LIC) Mutual Fund completed the acquisition of Industrial Development Bank of India(IDBI) mutual fund  from IDBI Asset Management Limited following the approval of Competition Commission of India (CCI) in March 2023.

  • A Scheme Transfer Agreement was entered into between LIC Mutual Fund Asset Management Limited (“LIC AMC”), the asset management company, and LIC Mutual Fund Trustee Private Limited (“LIC Trustee”), the trustee company of LIC MF, with IDBI Asset Management Limited (“IDBI AMC”), the asset management company, and IDBI MF Trustee Company Limited (“IDBI Trustee”), the trustee company of IDBI Mutual Fund (“IDBI MF”).
  • With this merger, LIC aims to enhance and broaden its product range, extend its presence and increase its assets under management (AUM).

About Merger:
i.Out of the 20 schemes of IDBI Mutual Fund, 10 schemes would undergo a merger with corresponding schemes of LIC Mutual Fund.

  • The remaining 10 schemes would be directly taken over by LIC Mutual Fund as standalone offerings.

ii.This will expand the total product offering of LIC Mutual Fund from 28 schemes to 38 schemes.
Aim of the Merger:
i.The merger aims to offer schemes in the mid-cap, small-cap, gold fund and passive fund segments.
ii.Access to LIC mutual fund’s diverse range of product offerings, encompassing equity, debt, hybrid, solution-oriented themes, Exchange-Traded Funds (ETFs) and Index funds will be made available to investors who have invested in IDBI mutual fund schemes.
Additional Info:
i.As of June 2023, LIC Mutual Fund had an AUM of Rs 18,400 crore, while IDBI Mutual Fund had Rs 3,650 crore.
ii.LIC mutual fund operates as an Asset Management Company (AMC) with Life Insurance Corporation of India (LIC) serving as its sponsor. Other stakeholders include LIC Housing Finance Ltd, GIC(Government Insurance Company) Housing Finance Ltd, and Union Bank of India.
iii.IDBI mutual fund has IDBI Bank as its sponsor, and IDBI AMC fulfils the role of the asset management company for IDBI mutual fund. IDBI Trustee Company serves as the trustee company for IDBI mutual fund.
About Life Insurance Corporation(LIC) Mutual Fund:
Managing Director(MD) & Chief Executive Officer(CEO) – T. S. Ramakrishnan
Headquarters – Mumbai, Maharashtra
Established in – 1989
About Industrial Development Bank of India(IDBI) Mutual Fund
Managing Director(MD) & Chief Executive Officer(CEO) – Raj Kishore Singh
Headquarters – Mumbai, Maharashtra
Established in – 2010


England Bowler Stuart Broad Retires From all Forms of CricketThe 37 year old England Cricketer Stuart Christopher John Broad announced his retirement from all forms of Cricket on 29th July 2023 during the midway of England vs Australia’s 5th Ashes Test at The Oval stadium, London, United Kingdom(UK).

i.He made his One Day International(ODI) and Twenty20 International (T20I) debuts against Pakistan in August 2006 and Test debut in December 2007 against Sri Lanka.
ii.Played for England national team in 167 test matches with 604 wickets.

  • He also played 121 ODI with 178 wickets and 56 T20I matches with 65 wickets.

iii.He was honoured with Member of the Order of the British Empire (MBE) in 2016 for his services to cricket.
iv.As of now(July 2023), he is the Fifth highest wicket taker in Test history with 602 runs in 167 matches.
Moeen Ali confirms his Retirement from Test Cricket after Ashes 2023
England all-rounder Moeen Ali confirms his test cricket retirement after the end of the Ashes series and he will play in other formats of cricket.
Backdrop:

  • On the request of England Test captain BenStokes, he played the Ashes series.But he retired from test cricket in September 2021.


i.He played for England in 68 test matches taking 204 wickets and scored 3094 runs.
ii.He was awarded the Order of the British Empire(OBE) in June 2023 for his services to cricket.
Australia Retains Ashes 2023  
Australia cricket team retained the 5 match test series ‘Ashes 2023’ after the 2-2 draw against England.It was held from 16th June to 31st July in the United Kingdom(UK).

  • This marks Australia’s 4th consecutive win in the series.
  • So far in the Ashes series, Australia won 34 Ashes and England won 33 Ashes, 5 series were drawn.

Summary of 5 test matches:
1st test: Australia Won by 2 wickets at the Edgbaston, Birmingham.
2nd test: Australia Won by 43 runs at the Lord’s, London.
3rd test:  England Won by 3 wickets at the  Headingley, Leeds.
4th test: Match drawn due to rain and it was held in Old Trafford, Manchester.
5th test: England won by 49 runs at the Oval, London.

i.England Player of the Series – Chris Woakes
ii.Australia Player of the Series- MItchell Starc
iii.England’s Men’s Player of the Summer: Joe Root


Vakkom Purushothaman, Congress Leader and Former Governor passed awayOn 31st July 2023, Vakkom Purushothaman, Senior Congress leader and former Speaker of Kerala, who also served as Governor of Mizoram, Tripura and Andaman & Nicobar Island passed away at the age of 95 in Thiruvananthapuram, Kerala.

  • He was born in Vakkom, Thiruvananthapuram (Kerala) on April 12, 1928.He was a member of the All India Congress Committee (AICC) for over 25 years.

About Vakkom Purushothaman:
i.Vakkom Purushothaman, an advocate by profession started his political life as a worker of the Students Congress in 1946. He became a Member of Vakkom Panchayath in 1953.
ii.He was elected to the Kerala Assembly 5 times from the Attingal Assembly constituency and became a Minister in the Kerala government thrice from 1971-1977, 1980 to 1981, and 2004 to 2006.
iii.He was the longest-served Speaker of the Kerala assembly, from 1982 to 1984 and again from 2001 to 2004.
iv.He was also elected to the Lok Sabha twice, from the Alappuzha constituency, and served from 1984-1989 and 1989-1991.
v.He served as the 6th Lieutenant Governor of the Andaman and Nicobar Islands from 1993 to 1996, and Governor of Tripura (Additional Charge) for two months in 2014.


Rishi Raj’s New Book “Kargil: Ek Yatri Ki Jubani”, a True Tribute to Martyrs of Kargil War Released
On 23rd July 2023, Ajay Bhatt, Minister of State (MoS), Ministry of Defence (MoD), released the book and illustrations titled “Kargil: Ek Yatri Ki Jubani” (Hindi Edition) authored by Rishi Raj at the Constitution Club of India, New Delhi, Delhi. The book which pays tribute to the Martyrs of Kargil War was published by Prabhat Prakashan. 

  • The book  portrays the lives of all the 527 soldiers, who laid down their lives for our nation in the Kargil War.
  • The book highlights the  importance of the Kargil Vijay Diwas and giving rich tributes to the brave soldiers.

Rishi Raj has authored as many as 21 books, out of which four bagged the Rahul Sankrityayan Award from the Ministry of Tourism, Government of India (GoI).

  • The event was graced by Subedar Major (Then Rifleman) Sanjay Kumar, who was awarded Param Vir Chakra in the Kargil War.

Note: Kargil War also refered as “Operation Vijay” was fought between India and Pakistan from May to July 1999 to 26th July 1999  in the Kargil district of Jammu and Kashmir(J&K). July 26th has been observed as ‘Kargil Vijay Diwas’, which annually commemorates the sacrifices made by soldiers in this war.


Aviation Security Culture Week 2023 – 31st July – 5th AugustIndia’s aviation security regulator, the Bureau of Civil Aviation Security (BCAS), under the Ministry of Civil Aviation (MoCA), inaugurated ‘Aviation Security Culture Week’ at its headquarters in New Delhi, Delhi from July 31st to August 5th 2023, for the first time in the India.

  • The theme of the ‘Aviation Security Culture Week’ is “See it, Say it, Secure it” which will be celebrated across all the major and non-major airports of India.

The main objective of the week is to inculcate security consciousness amongst members of the aviation community setup as well as passengers and also to make passengers aware of prohibited things they should not carry while traveling.
Key people:
i.Capt. Devi Sharan, senior aviator and instructor in Air India, (famously known as the Captain of the flight IC-814, hijacked to Kandahar in 1999), was the chief guest in the event. Anil Sharma, head of the cabin team and chief purser of IC-814, was the guest of honor at the event.
ii.All the aviation stakeholders like the Airports Authority of India, airlines, Central Industrial Security Force (CISF) and passengers will take part in security awareness week.

About Bureau of Civil Aviation Security (BCAS):
Director General- Zulfiquar Hasan
Headquarters-New Delhi, Delhi
Established- 1978


World Breast Feeding Week 2023 – 1st to 7th August The United Nations (UN) World Breast Feeding (WBW) week is annually celebrated across the globe from 1st to 7th August to raise awareness about breastfeeding and its benefits.

  • Its main aim is to support and encourage breastfeeding as a vital aspect of health and well-being for both mother and child.
  • WBW was 1st observed in 1992.

WBW 2023: Theme
i.According to WHO, theme for 2023 is “Let’s make breastfeeding and work, work”.

  • The theme will focus on breastfeeding and work, to advocate maternity rights, maternity leave for a minimum of 18 weeks and workplace accommodations.

ii.The World Alliance for Breastfeeding Action (WABA) has set a theme for WBW 2023 – “Enabling breastfeeding: making a difference for working parents.”
Note -The theme is aligned with thematic area 4 of the WBW-Sustainable Development Goals (SDGs) 2030 campaign.
About World Alliance for Breastfeeding Action (WABA):
WABA is a global network of individuals and organisations dedicated to the protection, promotion and support of breastfeeding worldwide based on the Innocenti Declaration, the Ten links for nurturing the future and the World Health Organization (WHO)/ United Nations International Children’s Emergency Fund (UNICEF) global strategy for infant and young child feeding.
Chairperson- Felicity Savage
Established- 1991
Headquarters- Penang, Malaysia

World Lung Cancer Day 2023 – August 1 World Lung Cancer Day is annually observed on 1st August to create awareness about the causes and treatment of lung cancer and to educate people about the habits and factors that can cause lung cancer.

  • The day also aims to focus more on lung cancer research and arrange financial and moral support for it.

Background:
i.The campaign for World lung cancer Day was first organized in 2012 by the Forum of International Respiratory Societies (FIRS) in collaboration with the International Association for the Study of Lung Cancer (IASLC) and the American College of Chest Physicians.
ii.The IASLC World Conference on Lung Cancer (WCLC) is the only global organization, solely dedicated to the study of lung cancer-related problems.

  • It educates people about the major risk factors of lung cancer such as Tobacco smoking, Radon, Asbestos, etc.

About the International Association for the Study of Lung Cancer (IASLC):
President– Dr. Heather Wakelee (the United States of America (USA))
Headquarters– – Denver, Colorado, USA
Founded in– 1974


UNFPA & MP govt Launch ‘Just Ask!’ Chatbot for Adolescents & Young Adults on SRHRUnited Nations Population Fund (UNFPA), formerly known as the United Nations Fund for Population Activities in collaboration with the National Health Mission (NHM) and the Department of Public Health and Family Welfare, Government of Madhya Pradesh (MP) launched an Artificial Intelligence (AI)-enabled chatbot called ‘Just Ask!’ (Khulke Poochho in Hindi), for adolescents and young adults (15-29 years) in India to explore information and become aware on the issues related to Sexual and Reproductive Health and Rights (SRHR).

  • The chatbot will equip, empower, and educate them about the need for accurate and accessible information on social issues.
  • The chatbot has been developed by the UNFPA sexual and reproductive health experts.

Funding: 
The project will be partly funded by Bayer, an international pharmaceutical company.
Bayer signed an agreement with UNFPA in India to contribute USD 720,000 to improve awareness on SRHR among adolescents and young people.
Key People:
Prabhuram Choudhary, Minister of Public Health and Family Welfare of MP, and Andrea M Wojnar, India Representative of UNFPA.
Features and Benefits of the Chatbot:
i.The chatbot provides a secure, personalized, and non-judgemental space for adolescents and young adults in India (15-29 years).
ii.It assists them to be aware of the questions related to growing up, bodily changes, menstruation, reproductive health, pregnancy and family planning, gender identity, sexual orientation, and other SRHR topics.
iii.The chatbot engages users in interactive conversations and provides them with accurate and reliable information within minutes and free of cost.

  • The content is supported by engaging infographics that increase comprehension and enable users to follow instructions easily.

iv.The user experience is designed to be safe, personalized, multi-lingual, and compassionate.

Current Affairs – 1 August 2023

CDAC and Arm Collaborates to Expand Semiconductor Support Under the DLIThe Centre for Development of Advanced Computing (CDAC) has collaborated with United Kingdom (UK) based semiconductor IP (Intellectual property) company Arm through the “Arm Flexible Access for Startups” (AFAS) program to expand semiconductor support under the Design Linked Incentive Scheme (DLI) and foster the growth of the sector in India during the 2nd day of the conference ‘SemiconIndia 2023’ at Gandhinagar, Gujarat.
Key points:
i.AFAS program, gives USD $0 license fee access to a broad portfolio of verified Arm IP, tools and training to startups.
ii.With this partnership, a total of seven startups will work towards producing chip and IP cores for the automotive, mobility, and computing sectors.
CDAC and Arm intend to work towards the following objectives: 
i.Startups selected under DLI will qualify for the Arm Flexible Access for Startups program.
ii.Arm will provide the startups with access to processor and system IPs, reference designs, Graphics Processing Unit (GPU), Image Signal Processor (ISP), and  artificial intelligence (AI) accelerator IPs, and software development tools.
iii.Arm will provide access to thousands of Artisan physical IP products supporting multiple foundries and process nodes for physical design and implementation.
About Centre for Development of Advanced Computing (CDAC):
Director General- Magesh Ethirajan
Establishment- 1988
Headquarters- Pune, Maharashtra


Akhil Bhartiya Shiksha Samagam 2023 held in New Delhi: Edu Minister  Dharmendra Pradhan delivered Valedictory addressOn 30th July 2023, the Akhil Bhartiya Shiksha Samagam (ABSS) 2023, an educational event was concluded with a resolution collectively made by the education leaders to transform India into an equitable and vibrant knowledge society. The event’s valedictory address was delivered by Union Minister Dharmendra Pradhan, Ministry of Education (MoE).

  • Union Minister Dharmendra Pradhan informed that capacity building of teachers is a priority and around 300 institutions including 100 from school education, 100 from higher education, and 100 from skill will be developed as centres of excellence during this academic year.

Union Minister Dharmendra Pradhan, introduced the logoslogan – “Jan Jan Sakshar“, and mobile application of the Understanding Lifelong Learning for All in Society (ULLAS): Nav Bharat Saksharta Karyakram during the Akhil Bharatiya Shiksha Samagam 2023.
On 30th July 2023, the MoE and the MoSDE, signed 106 Memorandum of Understanding (MoUs) with various organizations and institutions on the occasion of the Akhil Bhartiya Shiksha Samagam (ABSS) 2023.
About the Ministry of Skill Development and Entrepreneurship (MoSDE):
Union Minister– Dharmendra Pradhan (Rajya Sabha, Madhya Pradesh)
Minister of State (MoS)– Rajeev Chandrasekhar (Rajya Sabha, Karnataka)


MRPL becomes India’s largest single-location PSU refinery
Mangalore Refinery and Petrochemicals Limited (MRPL), a Mangaluru(Dakshina Kannada), Karnataka based Miniratna Central public sector enterprise (CPSE) has become the largest PSU-refinery (single location) in India for 2022-23. MRPL processes 10% of the total crude oil refined by PSU petroleum refineries in India.

  • MRPL processed 17.14 million tonnes of crude oil in 2022-23, which was the highest-ever throughput processed by any single-location PSU refinery in India’s petroleum refining history.
  • MRPL, after its establishment in 1988 as a joint venture (JV) refinery (promoted by M/s Hindustan Petroleum Corporation Limited (HPCL)), expanded its operations in two phases to raise its capacity to 15 Million Metric Tonnes Per Annum (MMTPA).
  • The refinery configuration has a Nelson Complexity Index (NCI) of 11.3, one of the highest complex PSU refineries. Its petrochemical (Petchem) Intensity is 9.5%, and the company aims to reach 15% in the medium term.

Note:

  • NCI refers to types of petroleum products an oil refinery can produce, measured on a scale from 1 to 20.
  • Petchem intensity refers to the percentage of crude oil that is converted directly into chemicals that are used to make plastic and other material.
  • MRPL, a subsidiary of Oil and Natural Gas Corporation Limited (ONGC) under the Ministry of Petroleum & Natural Gas (MoPNG).

Status of Tigers: Co-Predators & Prey in India-2022 Report: Tiger population in India estimates to be 3,925Ashwini Kumar Choubey, Union Minister of State, Ministry of Environment, Forest and Climate Change (MoEF&CC), released the detailed report of All India Tiger Estimation – 2022 during the event orgnised as a part of the Global Tiger Day (29th July 2023) at Corbett Tiger Reserve in Uttarakhand.

  • According to the report by National Tiger Conservation Authority (NTCA), Tiger Population in India is estimated to be 3,925 with an annual growth rate of 6.1% per annum.
  • India currently retains almost 75% of the world’s wild tiger population.

Background:
i.On 9th April 2022, during the celebration of 50 years of the Project Tiger at Mysusru, Karnataka, Prime Minister (PM) Narendra Modi declared the minimum tiger population of 3167, population estimate from the camera-trapped area.
ii.According to the further analysis of data by the Wildlife Institute of India, from both camera-trapped and non-camera-trapped tiger presence areas ,the upper limit of the tiger population is estimated to be 3925 and the average number is 3682 tigers.
Key Points:
i.Currently, more than 3/4th of the tiger population in India is concentrated within protected areas.
ii.Madhya Pradesh has the largest tiger population with 785 tigers, followed by Karnataka with 563, Uttarakhand with 560, and Maharashtra with 444.
iii.Nearly a 1/4th of the tigers were reportedly outside protected areas.
Key Points:
Overview of Tiger population: 
i.Currently, more than 3/4th of the tiger population in India is concentrated within protected areas.
ii.Nearly a 1/4th of the tigers were reportedly outside protected areas.
iii.Tigers in India are largely concentrated in 53 dedicated tiger reserves spread across 75,796 square km, spanning about 2.3% of India’s total land area.
iv.The tiger abundance within the Tiger Reserve is highest in Corbett (260), followed by Bandipur (150), Nagarhole (141), Bandhavgarh (135), Dudhwa (135), Mudumalai(114), Kanha (105), Kaziranga (104), Sundarbans (100), Tadoba (97), Sathyamangalam (85), and Pench-MP (77).
v.Central India and the Shivalik Hills and Gangetic Plains witnessed a notable increases in tiger population, particularly in the states of Madhya Pradesh, Uttarakhand, and Maharashtra.
vi.Certain regions, like the Western Ghats, experienced localized declines, necessitating targeted monitoring and conservation efforts.

  • Some states, including Mizoram, Nagaland, Jharkhand, Goa, Chhattisgarh, and Arunachal Pradesh, have reported disquieting trends with small tiger populations.

Fino Payments Banks’ Board Approves Transition to SFB licence
On 28th July 2023, the board of Fino Payments Bank Ltd, a fully owned subsidiary of Fino Paytech Ltd approved the proposal for the transition of the Bank into a Small Finance Bank (SFB) licence. The board has also formed a committee to explore the possibility of group corporate restructuring and evaluate the implications and other considerations.

  • The bank received a letter from holding company Fino PayTech Ltd, regarding a group corporate restructuring proposal, following which the board formed a committee.
  • The Bank continued its thrust on acquiring new customers and had registered growth  85% year-on-year (YOY) in the net profit of Rs. 19 crore and its revenue in the June quarter of FY24 increased 21% YoY to Rs 348 crore.

ADB & GoI Signed USD 200 Million Loan Agreement for Expanding Urban Services in RajasthanOn 28th July 2023, The Government of India (GoIand Asian Development Bank (ADB) signed a USD 200 million loan agreement as additional financing for the ongoing Rajasthan Secondary Towns Development Sector Projecas additional financing, to expand water supply and sanitation systems and enhance urban resilience and heritage living in selected towns.

  • The additional financing will assist the Government of Rajasthan in reducing the basic infrastructure gaps in its secondary towns by expanding water supply and sanitation services and improving livability in selected urban local bodies.
  • This initiative includes the reconstruction of water structures with heritage value, integrating nature-based solutions to enhance climate resilience for expanding basic urban services.

Key Signatories:
The loan agreement was signed by Mr. Vumlunmang Vualnam, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India (GoI) and Takeo Konishi, Country Director of ADB’s India Resident Mission, ADB.
Key Points:
i.The project incorporates nature-based solutions to improve heritage structures besides operating public-private partnerships in the water and sanitation sector of Rajasthan to deepen private sector engagement.
ii.The project in progress, approved in September 2020 has so far laid approximately 1,451 kilometres (Kms) of water supply pipes, 1,110 kms of sewer pipes, and connected 68,098 households in selected secondary towns across Rajasthan.
iii.The additional financing aimed at improving water supply systems in at least 7 towns by converting all groundwater sources to surface water, replacing about 700 km of leaking water pipes, installing 1,400 km of new water supply pipelines, and providing 77,000 households connections with water metres.

  • It will also establish 3 new water treatment plants.

iv.Sanitation systems in at least 8 towns will also see improvements, involving the reconstruction of at least 580 km of sewers, building 7 sewage treatment plants with co-treatment units to process faecal sludge and septage, and connecting at least 54,000 households to the sewage system.
v.Also, at least 20 heritage or heritage-like structures to improve the living environment and attract more tourists will be reconstructed.
viThe project also plans to create a special purpose vehicle through a public–private partnership to address water security issues in the manufacturing industries of Rajasthan.

  • It aims to encourage private sector investments and financing, establishing designated pipe networks to transport treated wastewater from the sewage treatment plants to industrial facilities.

About Asian Development Bank (ADB):
President– Masatsugu Asakawa
Headquarters– Mandaluyong City, Manila, Philippines
Established in– 1966


PFC Becomes First Member From India To Join Japan’s ATFSGPower Finance Corporation Limited(PFC), a Maharatna Central Public Sector Undertaking (CPSU) under the Ministry of Power & a leading Non-Banking Financial Corporation(NBFC) in India, became the first member form India to join the Asia Transition Finance Study Group(ATFSG), an initiative by Japanese Ministry of Economy, Trade and Industry (METI) for promoting sustainable transition finance for Asian Countries.

  • This was announced during the Bilateral Ministerial Meeting between Raj Kumar Singh, Union Minister of Power and New and Renewable Energy and Yasutoshi Nishimura, Minister of Economy, Trade and Industry, Government of Japan on the side lines of G20(Group of 20) summit held at Goa.

Key Points:
i.As a member of ATFSG, PLC will play a major role in representing India’s interests and point of view while contributing to the development of the policy considerations for effective energy transition financing.
ii.Joining ATFSG, Asian countires will promote financing for energy transition and net zero targets.
About Asia Transition Finance Study Group(ATFSG)
i.Founded in 2021, the ATFSG was established with the understanding that transition finance will be a critical factor in enabling Asian economies to achieve carbon neutrality. 
ii.This consortium brings together numerous global financial institutions under its banner, aiming to develop guidelines to assist companies considering transition finance.
iii.Additionally, the group provides supplementary advice that complements the existing global frameworks for sustainable finance.
iv.The members and observers of the ATFSG include Japanese banks, major Asian and global financial institutions, development banks, export credit agencies, and government agencies.
v.Mizuho Financial Group(MUFG) is a core member of the ATFSG.
About Power Finance Corporation Ltd(PFC):
Chairman &  Managing Director (CMD)- Parminder Chopra (additional charge)
Incorporated on 16th July 1986
Headquarters– New Delhi, Delhi


PSLV-C56/DS-SAR Mission: ISRO successfully launched 7 Singapore satellites including DS-SAR into Space

On 30th July 2023, Indian Space Research Organisation (ISRO) successfully launched the PSLV-C56/DS-SAR Mission, Polar Satellite Launch Vehicle (PSLVC56) carrying 7 Singapore Satellites – DS-SAR as primary satellite along with 6 co-passengers, from the First Launch Pad (FLP) Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh (AP).

  • This is a Dedicated Commercial Mission conducted by ISRO under a contract with NewSpace India Limited (NSIL) for ST Engineering, Singapore.
  • This marks’s the 58th flight of PSLV and 17th flight of PSLV in core alone configuration.
  • This was the 431st foreign satellite launch from India by ISRO and the 4th dedicated PSLV mission for Singapore government.

PS4 De-Orbiting Experiment:
ISRO attempted a unique De-Orbiting Experiment using the PS4, the 4th stage of the PSLV-C56 rocket.
PS4 de-orbited to Low Earth circular orbit in a 295×300 km, using left out propellants to reduce orbital life of spent PS4 stage.  PS4 will re-enters atmosphere in less than 2 months.

About Indian Space Research Organisation (ISRO):
Chairman – Sreedhara Panicker Somanath
Headquarters– Bengaluru, Karnataka
Establishment– 1969


Japan Open 2023: Viktor Axelsen and An Se Young Wins Men’s & Women’s Singles TitleDenmark’s Viktor Axelsen and South Korea’s An Se Young won the men’s singles and Women’s singles titles respectively of Daihatsu Japan Open 2023 Badminton Championships.

  • The 40th edition of Daihatsu Japan Open 2023 Badminton Championships held from 25th-30th July 2023 at Yoyogi National Stadium First Gymnasium, Shibuya, Tokyo, Japan.

i.Denmark’s Viktor Axelsen(World rank 1) won the men’s singles title defeating  Jonatan Christie of  Indonesia in the finals.
ii.An Se Young of South Korea became ranked 1 in the world by winning the women’s singles title against He Bing Jiao of China in the finals.
iii.Lee Yang and Wang Chi Lin of Chinese Taipei(Taiwan) won the men’s doubles title by defeating Japan’s Takuro Hoki and Yugo Kobayashi.


F1: Red Bull’s Max Verstappen Wins 3rd 2023 Belgian Grand PrixOn 30th July 2023, Redbull’s racing driver Max Verstappen (Dutch-Belgium) won the Formula 1(F1) MSC Cruises Belgian Grand Prix 2023 at Circuit de Spa-Francorchamps, Stavelot,Belgium.

  • Red Bull’s Sergio Perez (Mexican) finished 2nd and Ferrari’s Charles Leclerc (Monacan) finished 3rd.
  • This marks his 8th straight win and 10th win of the season 2023.

Record by Max Verstappen:
i.This marks Red Bull’s record of 13th straight wins.
ii.This is Verstappen’s 3rd consecutive Belgian Grand Prix win including its 2021 and 2022 edition.
iii.This marks Verstappen’s 45th win in F1.
iv.In 2023, Max won the Spanish GP, Monaco GP, Miami GP, Australian GP, Bahrain GP, Canadian GP, Austrian GP, British GP, Hungarian GP and Belgian GP.
F1 2023 Belgian GP Results:

  • First grand prix – 1950
  • Number of laps – 44
  • Race distance – 308.052km

Torneo del Centenario 2023 : Indian Women’s Hockey Team Wins Title , Indian Men’s Team won Bronze
On 29th July 2023, the Indian women’s hockey team defeated the host Spain at the three-nation Torneo del Centenario 2023 (100th Anniversary Spanish Hockey Federation – International Tournament) by winning the title in Terrassa, Barcelona, Spain

  • This was the Indian women’s team’s first win at the 100th Anniversary Spanish Hockey Federation International Tournament 2023.
  • Indian women’s team was led by the goal keeper Savita Punia.

Notable players:
i.Goals from Vandana Katariya, Monika, and Udita helped the Indian Women’s Team remain unbeaten in the tournament.
ii.Lalremsiami scored a hat-trick for India.
Note: In the women’s tournament India, Spain, and England teams played each other over two legs and India after all matches won the trophy in the finals.
About Torneo del Centenario:
The Torneo del Centenario is being played to commemorate the 100-year anniversary of the Real Federacion Espanola de Hockey – the Spanish hockey federation.
Indian Men’s Hockey team Defeats Netherlands by Securing 3rd Place
On 30th July 2023, the Indian men’s hockey team defeated the Netherlands by securing third place and the bronze medal in the four-nation Torneo del Centenario 2023 in Terrassa, Barcelona, Spain.

  • Captain Harmanpreet Singh and Dilpreet Singh scored notable goals(all goals came from penalty corners) in India’s victory.

In the men’s event, the India, England, Netherlands,and Spain teams faced each other in a single-legged round-robin format and the top two teams (England & Spain) faced each other in the final.
Note:
Based on the Elo rating system, in the International Hockey Federation (FIH) rankings, the Indian women’s hockey team is currently ranked 8th while the men’s team is placed 4th.


Union Minister Amit Shah unveils Dr. APJ Abdul Kalam: Memories Never Die book at Rameswaram
On 29th July 2023, Union Minister Amit Shah unveiled the book ‘Dr. A.P.J. Abdul Kalam: Memories Never Die, an English translation of the Tamil book ‘Abdul Kalam: Ninaivugalukku Maranamillai‘, which was co-authored by Dr. APJM Nasima Maraikayar (niece of Late Dr. A.P.J. Abdul Kalam) and Dr. Yagnaswami Sundara Rajan (Y. S. Rajan), a scientist at Indian Space Research Organisation (ISRO).  

  • The book is a tribute to the life and legacy of Dr. APJ Abdul Kalam, the late former President (11th President served between 2002 and 2007).
  • The book was released in an event organised at Rameswaram, Tamil Nadu(TN), during Home Minister’s 2-day visit to Ramanathapuram district of  TN.

L Murugan, Minister of State (MoS), Ministry of Information and Broadcasting and Annamalai, BJP President of Tamil Nadu were also graced the event.


World Day Against Trafficking in Persons 2023 – July 30The United Nations (UN)’s World Day Against Trafficking in Persons is annually observed annually on 30th July to raise awareness about the situation of human trafficking victims and to promote and protect their rights.

  • The 2023 campaign theme of the World Day Against Trafficking in Persons is: “Reach every victim of trafficking, leave no one behind“.

Background:
i.On 18th December 2013, the United Nations General Assembly (UNGA) adopted the resolution A/RES/68/192 and proclaimed the 30th of July of every year as the World Day Against Trafficking in Persons.
ii.The first-ever World Day Against Trafficking in Persons was observed on 30th July 2014.
About United Nations Office on Drugs and Crime (UNODC):
Executive Director– Ghada Fathi Waly
Headquarters– Vienna, Austria
Established in– 1997


World Ranger Day 2023 – 31st July World Ranger Day is celebrated annually across the globe on 31st July to commemorate Rangers killed or injured in the line of duty and to celebrate the work Rangers do to protect the planet’s natural treasures and cultural heritage.
World Ranger Day 2023 Theme
i.The 2023 World Ranger Day theme is ’30 by 30‘ based on the 2022 United Nations Convention on Biological Diversity (UNCBD), 15th Conference of the Parties (COP15), where a Global Biodiversity Framework was agreed upon by world leaders and decision-makers.
ii.Target 3 aims to effectively conserve and manage at least 30 percent of the planet’s areas by 2030 (also known as the ’30 by 30′ target).
Background: 
i.World Ranger Day is an initiative of the International Ranger Federation (IRF) promoted with its official charity, The Thin Green Line Foundation.
ii.IRF was established on 31 July 1992, in Peak National Park, United Kingdom (UK), to raise awareness of the contribution of rangers to conservation and support ranger organizations worldwide.
About International Ranger Federation (IRF):
President- Chris Galliers
Founded- 31st July 1992


Jharkhand CM Launches Mobile App to Track Elephant Movement
On 28th July 2023, Jharkhand Chief Minister (CM) Hemant Soren launched Jharkhand elephant Tracker, a mobile application-based elephant movement tracking system on the occasion of the 74th Van Mahotsav in Ranchi to reduce human-elephant conflicts in Ranchi, Jharkhand .

Current Affairs – 30 & 31 July 2023

NHA launches 100 Microsites Project to Promote Digital Health Adoption

i.On July 28, 2023, the National Health Authority (NHA) launched the 100 Microsites project under Ayushman Bharat Digital Mission (ABDM) to promote digital health adoption and enhance healthcare accessibility for all.
ii.The project will be implemented by State Mission Directors of ABDM, while NHA will provide financial resources and overall guidance.
iii.Microsites are clusters of ABDM-enabled small and medium-scale healthcare facilities, such as clinics, nursing homes, hospitals (with less than 10 beds), laboratories, and pharmacies, offering digital health services to patients.
About National Health Authority (NHA):
Chief Executive Officer– S. Gopalakrishnan
Headquarter– New Delhi, Delhi


4th ECSWG & Environment & Climate Ministers Meeting was Held in ChennaiThe 4th Environment and Climate Sustainability Working Group (ECSWG) and Environment and Climate Ministers’ meeting was held between 26th to 28th July 2023, in Chennai, Tamil Nadu (TN).

  • The 3-day meeting brought together around 300 delegates from G20 (Group of Twenty) member countries, invitee countries, and several International Organisations, with a focus on finalizing the Ministerial Outcome and the Presidency Documents under the two broad tracks of Environment and Climate.

Launch of Resource Efficiency Circular Economy Industry Coalition (RECEIC):
i.The Resource Efficiency Circular Economy Industry Coalition (RECEIC) was launched by Bhupender Yadav, Union Minister for Environment, Forest and Climate Change (MoEFCC) in the 4th ECSWG meeting.

  • The coalition’s objective is to unite nations, industries, and experts in their endeavor to propel the global circularity agenda forward.

ii.The foundational charter of RECEIC was signed and its logo was unveiled to mark the launch of the meeting which was attended by Ministers of seven countries such as Mauritius, Denmark, Italy, Canada, The United Arab Emirates (UAE) , France, and the European Union(EU).
About Tamil Nadu:
Chief Minister- M. K. Stalin
Governor- R. N. Ravi
Airports- Tuticorin or Thoothukudi Airport; Salem airport
Bird sanctuary- Karikili Birds Sanctuary, Kancheepuram; Kanjirankulam Birds Sanctuary, Ramanathapuram


Overview of PM Narendra Modi’s Visit to Rajasthan and GujaratOn 27th July 2023, during his visit to Rajasthan, PM Modi laid the foundation stone of medical colleges in Rajasthan and dedicated various development projects to the nation.
i.He released the 14th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme worth over Rs 17,000 crore to more than 8.5 crores farmers.
ii.He also launched ‘Urea Gold, a new variety of Urea coated with Sulphur to address sulphur deficiencies in the soil.
iii.PM Modi inaugurated Gujarat’s first greenfield airport‘ Hirasar greenfield  International airport’ in Hirasar, Rajkot,Gujarat.
iv.He inaugurated the 2nd edition of SemiconIndia 2023 conference organised by India Semiconductor Mission at Mahatma Mandir in Gandhinagar, Gujarat.
v.He also inaugurated 5 Medical Colleges at Chittorgarh, Dholpur, Sirohi, Sikar, Sri Ganganagar and also laid the foundation stone for the 7 new medical colleges at Jhunjhunu, Baran, Bundi, Karauli, Sawai Madhopur, Tonk and Jaisalmer at Rajasthan.


Union Finance Minister Nirmala Sitharaman launches AMC Repo Clearing Limited and CDMDFi.On July 28, 2023, Union Minister Nirmala Sitharaman, Ministry of Finance, initiated the trading on Limited Purpose Clearing Corporation mechanism (LPCC) called AMC Repo Clearing Limited (ARCL), during an event organized by Securities and Exchange Board of India (SEBI) in Mumbai, Maharashtra
ii.She also inaugurated Corporate Debt Market Development Fund (CDMDF).
iii.Both the initiatives intend to deepen the functioning of the corporate debt markets.
iv.The CDMDF is Rs 33,000-crore backstop facility for Mutual Funds (MFs), first mooted in the Union Budget of 2021-22. It was approved by SEBI in March 2023.
About Ministry of Finance:
Union Minister – Nirmala Sitharaman (RajyaSabha- Karnataka)
Ministers of State (MoS) – Pankaj Chaudhary; Dr. Bhagwat Kishanrao Karad

Ministry of Culture launched PORTAL OF ‘MERA GAON MERI DHAROHAR’, a Virtual Museum On 27th July 2023, Arjun Ram Meghwal, Minister of State (MoS) Ministry of Culture launched the virtual portal of Mera Gaon Meri Dharohar (MGMD), a virtual museum that culturally maps over 6.5 lakh villages of India, at Qutub Minar premises in New Delhi, Delhi.

  • The objective of the launch is to integrate the information regarding villages by using technologies, in order to identify and document the cultural heritage and village life of India.
  • The interactive web portal developed under the MGMD will serve as the National Cultural Workplace (NCWP) for artists and crafts persons and provide a single window online platform for culture service providers.

Key People:
Meenakashi Lekhi, MoS, Ministry of Culture; Sadhvi Niranjan Jyoti, MoS, Ministry of Rural Development and Shobha Karandlaje, MoS, Ministry of Agriculture & Farmers’ Welfare were also present on the occasion.
Key Points:
i.The event also included a digital village trivia and interactive puzzle game.
ii.On the occasion, the Projection Mapping Show was premiered, showcasing the rich Indian heritage and culture through captivating narratives of villages from all across India.
iii.Additionally, viewers can access synchronized audio for the show through the portal, making it convenient for them to watch from nearby places such as rooftops and balconies.
About Mera Gaon Meri Dharohar (MGMD):
i.It is a component of National Mission on Cultural Mapping (NMCM) established by the Ministry of Culture with an aim to express India’s cultural heritage and its creative potential to regenerate and revitalize rural economies, as a result making Village India self-reliant.
ii.MGMD is undertaken as a part of Azadi Ka Amrit Mahotsav (AKAM), an initiative of the Government of India (GoI) to celebrate and commemorate 75 years of independence and the glorious history of its people, culture and achievements.
iii.The primary objective of the mission is to culturally map the art traditions and cultural practices along with the artists and craft-persons engaged in the preservation of these art forms.


MeitY signs MoU with MICT of Papua New Guinea to share India StackOn July 28, 2023, the Ministry of Electronics and Information Technology (MeitY), India; and the Ministry of Information and Communication Technology (MICT) of the Papua New Guinea, signed a Memorandum of Understanding (MoU) on sharing INDIA STACK i.e., successful digital solutions implemented at population scale, in New Delhi, Delhi.

  • This MoU was a follow-up to the 1st Global DPI (Digital Public Infrastructures) Summit organized by MeitY on June 12-13, 2023 in Pune, Maharashtra.

Note: India Stack is a set of digital infrastructure components that enable the delivery of various digital services to Indian citizens by utilizing Aadhaar, eSign, Digilocker, and Unified Payments Interface (UPI).
Signatories:
It was signed by Abhishek Singh, President & Chief Executive Officer (CEO), National eGovernance Division (NeGD), MeitY, and Steven Matainaho, Secretary, (MICT) Papua New Guinea.
Key Points:
i.This MoU will lead to capacity building and foster collaboration in the implementation of population-scale Digital Public Infrastructure and Transformational Platforms. The ultimate goal is to enhance citizens’ ease of living and improve governance efficiency and transparency.
ii.During the event, discussions were also held on vital aspects of digital transformation, including Digital Public Infrastructure, Digital Identity, Digital Payment, Data Exchange, Data Governance, Data Protection Policies, internet, and mobile connectivity, among other topics.
Other Participants:
Sushil Pal, Joint Secretary, MeitY; Noel Colin Awiroweng Mobiha, Board Chairman, National ICT Authority; Paulias Korni, High Commissioner for Papa New Guinea High Commission,  among other officials


President Droupadi Murmu lays foundation of ‘Divine Light House’ of PBKIVV in Odisha
On 27th July 2023, President Droupadi Murmu laid the foundation stone for the “Divine Light House” of Prajapita Brahma Kumaris Ishwariya Vishwa Vidyalaya (PBKIVV) at Dasabatia, Tamando, Bhubaneswar (Odisha) during her 3 day visit to Odisha from July 25 to 27 2023.

  • The President also launched the 2023 theme of PBKIVV, “The Year of Positive Change for conducting nationwide seminar and conferences
  • She highlighted the significance of both material and spiritual development for humanity, with technology being a crucial driver of change.
  • She also acknowledged the role of PBKIVV, a social and spiritual campaign in promoting spirituality through meditation and a disciplined lifestyle, leading to mental peace.

Note: Brahma Kumaris, officially known as ‘Prajapita Brahma Kumaris Ishwariya Vishwa Vidyalaya’ is a worldwide spiritual movement founded by Pitashri Prajapita Brahma (well known as Dada Lekhraj) in 1936 in Hyderabad, Sindh (Present Pakistan) and formally established in October 1937


Max Life Appointed as Lead Insurer for UP under State Insurance Plan of IRDAIMax Life Insurance Company Ltd (Max Life) has been appointed as the “Lead Insurer” for the State of Uttar Pradesh (UP) by the Insurance Regulatory and Development Authority of India (IRDAI). This move is part of IRDAI’s state insurance plan to enhance financial awareness and insurance inclusion.
Cholamandalam (Chola) MS General Insurance Company Ltd, a joint venture (JV) of the Murugappa Group and Mitsui Sumitomo Insurance Company Ltd, Japan has been appointed ‘Lead Insurer‘ for the state of West Bengal by the IRDAI in line with the its vision of “Insurance for All by 2047” (State Insurance Plan) to increase insurance awareness and penetration throughout West Bengal.
IRDAI State Insurance Plan:
i.The IRDAI’s state insurance plan is a collaborative effort with insurers by assigning two state governments to each insurer to increase financial awareness and drive insurance inclusion.
ii.The initiative aims to enable insurance for all by 2047, where every citizen has an appropriate life, health and property insurance cover, and every enterprise is supported by appropriate insurance solutions.
About Insurance Regulatory and Development Authority of India (IRDAI)
It is a statutory body formed under an Act of Parliament, i.e., Insurance Regulatory and Development Authority Act, 1999 (IRDAI Act 1999)
It is a public authority as defined in the Right to Information Act, 2005
Chairman– Debasish Panda
Headquarters– Hyderabad, Telangana
Incorporated in– 2000


RBI Includes S.Korea’s ‘NongHyup Bank’ in the list of Scheduled Banks under Schedule II of RBI Act, 1934Reserve Bank of India (RBI) released a notification addressing all the banks regarding the inclusion of ‘NongHyup Bank’ in the Second Schedule to the Reserve Bank of India Act, 1934.

  • As per the RBI notification, NongHyup Bank has been officially include in the Second Schedule of the RBI Act 1934 and published in the Gazette of India (Part III – Section 4).
  • The notification informs all the banks about the addition of NongHyup Bank to the regulated list.

Scheduled Banks:
i.Scheduled banks are those banks that are listed under Schedule II of the Reserve Bank of India Act, 1934.
ii.To qualify as a scheduled bank, the bank’s paid-up capital and collected funds must be at least Rs. 5 lakh.
iii.These banks are eligible for low interest loans from the RBI and also have membership in clearing-houses.
About NongHyup Bank (NH Bank):
i.NongHyup Bank (NH Bank), established in 2012, is a commercial bank headquartered in Seoul, South Korea.    
ii.NH Bank is a 100%  subsidiary of the NongHyup Financial Group Inc and it is owned by National Agricultural Cooperative Federation (NACF), an umbrella organization for Korean agricultural cooperatives founded in 1961.
iv.NH Bank entered Indian market in 2016 and opened its 1st liaison office in Gurgaon, Haryana to strengthen the competitiveness of the agriculture sector.
v.In 2022, it had started its commercial operations in India, following the in-principle approval from the RBI for establishing its first branch in India.
vi.On 13th July 2023, NH Bank opened its first branch in Noida, Uttar Pradesh.
Note: NH Bank became the 6th Korean bank, conducting business in India. Others Korean banks are: Shinhan Bank, KEB Hana, KB Kookmin, Woori and Industrial Bank of Korea (IBK).


RITES & IRFC signs MoU to collaborate & Develop Rail Infrastructure Projects
On 27th July 2023, RITES Limited (formerly known as Rail India Technical and Economic Service Limited), a Miniratna (Category-I) and Schedule ‘A’ Central Public Sector Enterprise (CPSE) under the Ministry of Railways, signed a Memorandum of Understanding (MoU) with Indian Railway Finance Corporation (IRFC) to explore possibilities of mutual collaboration in the railway eco-system and the transport infrastructure sector.

  • As part of the MoU, RITES will offer consultancy and advisory services and help in finding out the financial and technical viability of projects, while IRFC will provide financial services to projects/institutions that have got backward and or forward linkages with the Railways.
  • The partnership will also bring forward cooperation and innovation in the consultancy domain through knowledge sharing.
  • RITES’ expertise in consultancy and IRFC’s financial expertise will stimulate mega and critical projects and drive sustainable growth in the transport infrastructure sector.

MoYAS recognised Handball Association of India as National Sports FederationOn 25th July 2023,the Ministry of Youth Affairs and Sports(MoYAS) recognised the Handball Association of India (HAI) as a National Sports Federation (NSF) status for the promotion and regulation of handball with immediate effect.

  • Recognition was granted with a view to run the affairs of handball.
  • HAI is also affiliated to the International Handball Federation(IHF), the Asian Handball Federation(AHF) and the Indian Olympic Association(IOA).

Backdrop: 
i.HAI led by Digvijay Singh Chautala and Handball Federation of India (HFI) led by Jagan Mohan Rao claimed to be the legitimate national federation for handball in India in the last few years.
Recently,  IOA also gave HAI recognition after it agreed to merge with the HFI.
ii.Following the Indian Olympic Association’s intervention, On 29th May 2023, the executive committee of HAI elected the new officer bearers of HAI.
Newly Elected Office Bearers of HAI:
President – Digvijay Singh Chautala
Secretary General – Jagan Mohan Rao
Treasurer – Thakur Tejraj Singh
About the Ministry of Youth Affairs and Sports(MoYAS) :
Union Minister – Anurag Singh Thakur (Constituency – Hamirpur,Himachal Pradesh)
Minister of State(MoS) – Nisith Pramanik (Constituency – Coochbehar, West Bengal)


GEM Awards 2023-24: ANI Chairman Prem Prakash honoured with Lifetime Achievement Award 
On 26th July 2023, Prem Prakash, a renowned journalist and Founder & Chairman of Asian News International (ANI), was honoured with the Global Education Mentor (GEM) Award 2023 – Lifetime Achievemnet Award, recognising his significant contributions to the field of education and journalism throughout his lifetime.

  • He was honoured with the award at the GEM Awards 2023-24 program organised at Dr. Ambedkar International Centre (DAIC), in New Delhi, Delhi.
  • The program was graced by the Union Minister Gajendra Singh Shekhawat, Ministry of Jal Shakti and other prominent personalities from the education sector and so on.
  • Prem Prakash has dedicated over 70 years in the world of Journalism and during his long career he has covered some significant stories of post-independence India including the 1962 War with China and 1971 Wars against Pakistan.
  • His notable work includes: Reporting India: My Seventy-year Journey as a Journalist (2020) and its Hindi Version was launched in 2022; Afghanistan: The Quest of Peace, The Path of Wars (2023).

Future Generali India Life partnered with JM Financial to Elevate Insurance Products
Future Generali India Life Insurance Company Limited (FGILI), a joint venture (JV) between the Generali Group and the Future Group, partnered with JM Financial Services Limited (JM Financial), an integrated and diversified financial services group, to expand its product offerings and market presence across India.

  • The partnership will help the insurer expand its product portfolio and leverage the distribution and financial advisory capabilities of JM Financial to offer innovative products.
  • It will enable FGILI to reach a larger customer base of 2.20 lakh and serves to the various needs of individuals, corporations, and financial institutions.

SpaceX’s Falcon Heavy launches Hughes JUPITER 3, World’s Largest Commercial SatelliteOn 28th July 2023, Space Exploration Technologies Corporation (SpaceX)’s Falcon Heavy Rocket launched the Hughes JUPITER 3 mission(EchoStar XXIV), the world’s largest commercial communications satellite, to the Geosynchronous Transfer Orbit(GTO) from Launch Complex 39A (LC-39A) at Kennedy Space Center in Florida, the United States of America(USA).

  • This mark’s Falcon Heavy’s 7th launch since its debut in 2018 and the 3rd launch and SpaceX’s 51st mission in 2023.

Note: With the total payload mass of 9.2 metric tons, Jupiter 3 is the heaviest geostationary satellite ever launched.

About Hughes JUPITER™ 3:
i.Echostar, Hughes’ parent company, ordered Jupiter 3 from Maxar in 2017
ii.The rocket will provide wireless internet connectivity over North and South America. Once operational, will “support in-flight Wi-Fi, maritime connections, enterprise networks, backhaul for Mobile Network Operators (MNOs), and Community Wi-Fi solutions
iii.It has 500 Gigabits per second (Gbps) capacity that will double the capacity of the Hughes JUPITER satellite fleet.
JUPITER Fleet
i.JUPITER fleet total capacity: More than 1 TeraBits Per Second (Tbps)
ii.JUPITER 1 (EchoStar XVII): Launched in  July 2012 with 120 Gbps capacity
iii.JUPITER 2 (EchoStar XIX): Launched in December 2016 with 200 Gbps capacity
About Falcon Heavy :

  • As one of the world’s most powerful operational rockets, three-fuselage(three reusable Falcon 9 nine-engine cores) Falcon Heavy is a heavy-lift launch vehicle that can carry cargo of 64 metric tons or 141,000 lbs into Earth orbit.
  • Falcon Heavy, which can exert over 5 million pounds of thrust at liftoff and is capable of delivering 26.7 metric tons to GTO, is more than up to the task.

About Space Exploration Technologies Corporation (SpaceX)
Chief Executive Officer(CEO) – Elon Musk
Headquarters – California, United States of America(USA)

International Tiger Day 2023 – 29th July International Tiger Day, also known as Global Tiger Day, is annually observed across the globe on 29th July to raise awareness about the need for tiger conservation and the threats faced by the endangered species.
(Scientific name: Panthera tigris, belongs to genus Panthera)

  • 29th July 2023, marks the 13th International Tiger Day.

Key points:
i.According to the WWF there are 3,900 wild cats in the world. Poaching, illegal wildlife trade, and habitat loss, however, have reduced their population and range to just about 7%.
ii.In 2017, the International Union for Conservation of Nature (IUCN) recognized the continental tiger(Panthera tigris tigris) and the Sunda island tiger(Panthera tigris sondaica) as tiger subspecies.
iii.The IUCN Red List of threatened species classifies Tigers as Endangered.
iv.Tigers have been included in Appendix I of CITES (the Convention on International Trade in Endangered Species of Wild Fauna and Flora) since 1975, which means all international trade in tigers, including parts and derivatives, for commercial purposes is generally prohibited under the Convention.
About Ministry of Environment, Forests and Climate Change (MoEFCC):
Union Minister- Bhupender Yadav (Rajya Sabha- Rajasthan)
Minister of State (MoS)-  Ashwini Kumar Choubey


TN & UK Govt Signs MoU to Set Up Botanical Garden in TNOn 27th July 2023, the Tamil Nadu (TN) and United Kingdom (UK) governments signed a Memorandum of understanding (MoU)in Chennai, TN during the 4th G20 Environment & Climate Sustainability Working Group(ECSWG) Meeting to set up a botanical garden and also envisages launching projects to conserve mangroves, forests and wetlands, besides releasing a green rating framework for industrial de-carbonization in TN.
The MoU:
The MoU was signed between Supriya Sahu, Additional Chief Secretary, Environment, Climate Change and Forest Department and Richard Deverell, Director of Kew Garden, London.
Botanical Garden:
In technical partnership with Kew Gardens, the TN Government has planned to set up a Botanical Garden in Chengalpattu, TN.

  • The garden will conserve and propagate native plant species of TN, including rare, threatened and endangered species.
  • The MoU commits to Kew Garden providing advice and expertise around landscape planning, plant collection development, botanic garden management and other related matters to TN Government.

The Mangrove Project:
i.UK Partnering for Accelerated Climate Transitions (UK PACT’s) mangrove project was launched by Therese Coffey, Secretary of State for Environment, Food and Rural Affairs of the UK.

  • The project demonstrates how community MRV (Measuring, Reporting and Verification) can be codesigned, coproduced and implemented through inclusive community-based mechanisms.

ii.Keystone Foundation located in the Nilgiris, TN bagged this project which will work in 3 climate-smart villages, focusing on 3 ecosystems – forests, mangroves and wetlands – selected in consultation with the TN Government.
iii.The project will specifically build the capacities of forest communities
– tribals of the Nilgiris; fisherfolk of Pichavaram mangrove
ecosystem in Cuddalore, TN; and small-holder subsistence farmers
and agricultural laborers, living in inland areas of the wetland of
Coimbatore, TN.
Industrial decarbonization project:
The ‘Roadmap for Green Indexing of Industries – Low carbon industrial
development in TN, a strategic initiative on industrial decarbonization was launched by the Minister of State, Graham Stuart with TN environment Minister Siva V Meyyanathan.

Current Affairs- 29 July 2023

PM Modi Inaugrates IECC complex “Bharat Mandapam” at Pragati Maidan; IECC to host G20 Meet
On 26th July 2023, Prime Minister (PM) Narendra Modi inaugurated a futuristic International Exhibition-cum-Convention Centre (IECC), the revamped India Trade Promotion Organisation (ITPO) complex also known as Pragati Maidan Complex, and also unveiled the G20(Group of 20) coin and stamp at Pragati Maidan in New Delhi, Delhi.

  • The IECC Complex has been named “Bharat Mandapam” and the naming ceremony of the Centre was carried out using a drone.
  • PM Modi performed  Havan and Puja at the new ITPO International Exhibition-cum-Convention Centre and felicitated shramiks involved in the construction of the Centre.
  • The IECC Complex is set to host the G20 leaders’ meeting which is scheduled to be held in September 2023.

Note: ITPO is the nodal agency of the Government of India under the Ministry of Commerce and Industry (MoCI) which owns and manages the Pragati Maidan Complex.
Key Points:
i.The IECC complex was developed as a national project at a cost of Rs 2,700 crore with a campus area of 123 acres being India’s largest MICE (Meetings, Incentives, Conferences, and Exhibitions) destination.
ii.The IECC complex is placed among the top 10 exhibition and convention complexes in the world by competing with Hannover Exhibition Centre in Germany, the National Exhibition and the Convention Centre (NECC) in Shanghai,China.
Facilities:
i.The complex comprises one mega convention centre divided into four levels, 24 meeting rooms, two auditoriums and another two halls.
ii.The complex also has an amphitheatre with a seating capacity of 3,000 people and 5,500 parking spaces.
iii.The Level-3 of the IECC holds a seating capacity of 7,000 people is said to be larger than the Sydney Opera House in Australia.
iv.The exhibition halls in the complex provide seven innovative spaces for showcasing products, innovations, and ideas.
v.The IECC also includes 5G Wi-Fi campus, 10G Intranet, interpreter room to support 16 languages, advanced AV systems, building management system, light management system, DCN (Data Communication Network) system, surveillance system and centralized air conditioning system.
Design: 
i.The elliptical design of the building was influenced by the shankha, or conch shell.
ii.The walls and facades of the Convention Centre depict India’s traditional art and culture including

  • ‘Surya Shakti’ highlighting India’s efforts in harnessing solar energy,
  • ‘Zero to ISRO’(Indian Space Research Organisation), celebrating our achievements in space
  • Pancha Mahabhuta signifying the building blocks of universal foundation – Aakash (Sky), Vayu (Air), Agni (Fire), Jal (Water), Prithvi (Earth).

Construction: 
i.The redevelopment of Pragati Maidan began in 2017.
ii.The project is being executed by state-owned NBCC (India) Limited, formerly known as National Buildings Construction Corporation and Shapoorji Pallonji,  its subcontractor, on behalf of the India Trade Promotion Organisation.
iii.It was designedby International architectural firm Aedas, and Indian architectural firm Arcop.


PFC and REC Signs MoU for Rs 5 lakh Crore Pacts with Clean Energy companiesPower Finance Corporation Ltd (PFC) and Rural Electrification Corporation(REC Ltd), have signed Memorandum of Understanding (MoU) with clean energy companies for providing a total of Rs 5 lakh crore funds to their projects during the “Green Finance Summit” held in Goa.

  • PFC signed pacts worth Rs 2.37 lakh crore with 20 companies in the clean energy space
  • REC tied up for Rs 2.75 lakh crore

The MoU were signed for solar, wind, green hydrogen, battery storage, and electric vehicle companies, manufacturers of green energy equipment.
Note: REC & PFC, a State-owned Non-Banking Financing Companies (NBFC) and a Maharatna central public sector undertaking(CPSE) comes under the Ministry of Power.
The “Green Finance” Summit:
The summit is organised by REC Ltd in partnership with the Indian Government’s Group of Twenty (G20) Presidency, on the sidelines of the 14th Clean Energy Ministerial and 8th Mission Innovation meeting (CEM14/MI-8) in Goa between 19th to 22nd of July, 2023.
About Power Finance Corporation Ltd (PFC):
Chairman & Managing Director(MD)- Parminder Chopra
Headquarters- New Delhi, Delhi
Established- 1986


3rd India & Lao FOC held in Vientiane, Lao; Signed MoUs for 5 QIPsOn July 27, 2023, the 3rd round of Foreign Office Consultations (FOC) between India and Lao People’s Democratic Republic (PDR) was held in Vientiane, Lao PDR. The FOC was co-chaired by Saurabh Kumar, Secretary (East), Ministry of External Affairs(MEA), India and Phoxay Khaykhamphithoune, Deputy Foreign Minister, Ministry of Foreign Affairs, Lao PDR.

  • During the 3rd India-Lao FOC, 5 Memorandums of Understanding (MoUs) were signed between the 2 nations for the implementation of 5 Quick Impact Projects (QIPs), in the fields of education, health, water facility and Information Technology (IT).

Key Points:
i.Both sides reviewed the gamut of their bilateral relations, and explored opportunities to enhance collaboration in areas like development partnership, economic and trade ties, agriculture, healthcare, education, defense, and heritage preservation.
ii.Discussions also covered mutual interests in regional and global issues, along with cooperation in international forums such as the United Nations (UN), ASEAN (Association of Southeast Asian Nations), and Mekong Ganga Cooperation.

  • Indian side highlighted the cooperation extended by Lao PDR as Country Coordinator for the Mekong Ganga Cooperation.

iv.India also reiterated its support to Lao PDR ‘s upcoming Chairmanship of ASEAN in 2024.
v.The next round(4th) of FOC will be held in New Delhi, Delhi (India) at mutually convenient dates.
vi.The 2nd FOC between India & Lao was held on 10th August 2015 in New Delhi, Delhi.
What are QIPs?
i.QIPs were introduced by the Government of India (GoI) during the 6th Mekong Ganga Cooperation (MGC) Ministerial Meeting in New Delhi on September 4, 2012. These projects aim to benefit CLMV countries (Cambodia, Lao PDR, Myanmar, and Vietnam. In this regard, India-CLMV QIPs Revolving Fund was established with an initial annual contribution of US$1 million.
ii.Over time, the India-CLMV Revolving Fund has been revised twice.

  • First, it was increased to US$1.25 million following the India-Cambodia Joint Statement in 2018.
  • After the India-Vietnam Summit in 2020, the fund was further raised to the US$2 million.

iii.Each QIP project is limited to a cost of no more than US$50,000.
iv.The primary focus of QIPs is on undertaking short gestation, high visibility projects with a completion period of up to one year.
About Lao People’s Democratic Republic (PDR):
Prime Minister– Sonexay Siphandone
Capital– Vientiane
Currency– Laotian Kip(Lao kip)
India’s Ambassador to Laos PDR– Prashant Agrawal


SEBI Rolled out Framework for CDMDF; mandates FPIs to disclose LEI Code

On July 27, 2023, the Securities and Exchange Board of India (SEBI) has rolled out the Framework for Corporate Debt Market Development Fund (CDMDF) which aims to establish a Backstop Facility to purchase investment-grade corporate debt securities, enhance secondary market liquidity, and boost confidence among the participants in the Corporate Debt Market during periods of stress.

  • It complies with the Guarantee Scheme for Corporate Debt (GSCD) notified by the Ministry of Finance on July 26, 2023.

i.SEBI mandates all non-individual foreign portfolio investors (FPIs) to disclose their Legal Entity Identifier (LEI) code to improve the quality and accuracy of financial data systems for better risk management.
About Securities Exchange Board of India (SEBI):
Chairperson– Madhabi Puri Buch
Headquarters – Mumbai, Maharashtra
Establishment – 12 April 1992


LIC launches Jeevan Kiran  to offer Life Cover with Premium ReturnOn 28th July 2023, Life Insurance Corporation of India (LIC) launched a new term assurance plan “Jeevan Kiran”, a non-linked, non-participating, individual, savings, and life Insurance plan that offers a combination of protection and savings.
Eligibility & Restrictions:

  • Age(Entry): Minimum 18 years to Maximum 65 years.
  • Age (Maturity): Minimum 28 years to Maximum 80 years.
  • Policy Term : 10 years to 40 years
  • Minimum Basic Sum Assured: Rs 15 Lakhs.
  • Maximum Basic Sum Assured: No Limit
  • Minimum Premium: Rs 3000 for Regular Premium Policies  & Rs 30000 for Single Premium Policies.

Features:
i.This policy will provide financial support to the family in case of unfortunate death of the life assured during the policy term and returns the total premiums paid in case of survival till maturity.
ii.This is a non-participating product under which benefits payable on death or maturity are guaranteed and fixed irrespective of actual experience.
Benefits payable in case of death
i.For policies with Regular Premium Payments, the “Sum Assured on Death” will be highest of Seven times the Annualised Premium (or) 105% of the “Total Premium Paid” up to the date of death (or) Basic Sum Assured.
ii.For policies with Single Premium Payment, the “Sum Assured on Death” is determined as the greater of 125% of the Single Premium (or) Basic Sum Assured.
It is to be noted that the Death benefits can be received as lump sum or in five equal instalments with intervals of annually, half-yearly, quarterly or monthly
Maturity benefit
Upon maturity, if the policy is still active, the “Sum Assured on Maturity” will be equivalent to the “Total Premiums Received by LIC” (after deducting any excess premium, rider premium, taxes, etc.) under both Regular Premium and Single Premium Payment Policies.
Additional Info:
i.The plan offers differential premium rates for Smoker/Non-Smoker lives.
ii.Housewives and pregnant ladies are not eligible for this plan. Female lives proposals may be submitted only after six months from the date of their last delivery.
iii.The policy offers two optional riders(supplementary benefits added in the primary life insurance policy) availed by paying an extra premium

  • Accidental Death and Disability Benefit Rider
  • Accident Benefit Rider

About Life Insurance Corporation(LIC) of India:
Chairperson – Siddhartha Mohanty
Headquarters – Mumbai, Maharashtra
Established in – 1956


Razorpay launches ‘MoneySaver Export Account’ for Indian exporters to save 50% on overseas bank transfers
On 26th July 2023, Razorpay, a Finetech company announced the launch of its ‘MoneySaver Export Account‘, built specifically for small and mid-size exporters by offering up to 50% savings on international bank transfers for the Indian exporters. The facility allows exporters to open an account in any country of their choice (over 160 countries).

  • The exporters receive international payments locally via the Razorpay platform such as FedWire, Automated Clearing House (ACH) and more in order to save from high transfer costs, chargebacks and payment failures.
  • With the MoneySaver Export Account, Indian exporters can experience consistent wire transfer from their international customers over 200 countries and have their funds settled directly in their Indian bank accounts.
  • By using the Razorpay dashboard, users can access the features and all the payments will come with an electronic Foreign Inward Remittance Statement (FIRS).

SBI Ecowrap report: India set to become the world 3rd Largest Economy in 2027According to the State Bank of India’s (SBI) economic research report Ecowrap dated on 27th July 2023, India is set to become the world 3rd Largest Economy in 2027(Financial Year 2028) based on actual Gross domestic product (GDP) data as on March 2023.

  • India currently ranks 5th in the world’s largest economy, accounting for 3.4% of global GDP.
  • As per the report, India will surpass both Japan and Germany in 2027 if it develops at the present current rate of growth.

India’s GDP in FY24:
i.The report also states that India’s GDP is expected to grow
by more than 8% in the first Quarter of Financial Year 2024 (8.1-8.2%).
ii.It also predicted that India may surpass the 6.5% mark of overall growth (GDP)in FY24.
Top 5 Economies:

  •  India’s global share in GDP will cross 4% by 2027.

iii.To achieve the 3rd place India needs to grow by CAGR of 8.4% till 2027 (in dollar terms). This translates into 11.0-11.5% nominal GDP growth per annum (in Rs
terms), which is achievable.
Comparison between 2014 and 2024:
i.The share of India’s GDP is now at 3.5%, as against 2.6% in 2014.
ii.It developed into the 5th largest economy from the 10th in 2014.
State-wise estimate:
i.Maharashtra and Uttar Pradesh set to break the $500 billion
mark in 2027 (or FY28).
ii.In 2027,the GDP size of major Indian states will be more than the size of some of the Asian and European countries including Vietnam, Norway,Hungary,Qatar.
Estimation of top 3 States contributing to India’s GDP in FY28:


Goa Shipyard & BGIIES signed MoU to use AI for Shipbuilding
On 26th July 2023, the Goa Shipyard Limited (GSL), a Mini Ratna Central Public Sector Undertaking (CPSU), under the Ministry of Defence(MoD), signed a Memorandum of Understanding (MoU) with the BITS Goa Innovation, Incubation and Entrepreneurship Society (BGIIES, Goa) to drive innovation and progress in the shipbuilding and defence industry using cutting-edge Artificial Intelligence (AI) technologies.

  • The MoU was signed in the presence of P Ravindran, General Manager (Production), GSL, and Suman Kundu, President BGIIES in Vasco da Gama, Goa.
  • BGIIES  is a registered Society under the Societies Registration Act, 1860  based in Birla Institute of Technology and Science (BITS) Pilani, K. K. Birla Goa Campus, Zuarinagar, Goa.
  • Under the MoU, both entities will collaborate closely on research and development projects to utilize AI’s full potential in shipbuilding and defence applications.
  • The partnership aims to support the research expertise of BITS Goa and the extensive experience of GSL in shipbuilding and defence.
  • By utilizing AI-driven solutions, they seek to increase operational efficiency, optimize ship design processes, and strengthen defence capabilities.
  • The shared expertise and resources will facilitate the creation of advanced AI algorithms, predictive maintenance models, autonomous systems, and more.

Jim Skea of UK elected as the Chair of IPCCOn 26th July 2023, James Ferguson ‘Jim’ Skea of the United Kingdom (UK) was elected as the new chair of the Intergovernmental Panel on Climate Change (IPCC) an intergovernmental body of the United Nations(UN) that works to advance scientific knowledge about climate change caused by human activities.

  • The election was held at the United Nations Environment Programme headquarters in Nairobi, Kenya.
  • He was elected by 90 votes to 69 in a run-off with Thelma Krug of Brazil.
  • As the new chair of IPCC, Jim Skea will lead the Panel through its 7th assessment cycle.

Points to note:
i.The IPCC completed its Sixth Assessment Report (AR6) in March 2023.
ii.Hoesung Lee of South Korea served as the Chair of IPCC since October 2015.
About the Election of IPCC Chair:
i.Thelma Krug (Brazil); Debra Roberts (South Africa); Jim Skea (UK); Jean-Pascal van Ypersele (Belgium) were the candidates nominated for the post of IPCC chair.
ii.Among the 4 candidates 2 were women. Thelma Krug, an IPCC vice-chair and former researcher at National Space Institute, Brazil and Debra Roberts, co-chair of an IPCC working group investigating the effects of climate change on societies and ecosystems.
iii.This was the first elections in the history of the IPCC with women candidates running for the chair of IPCC.
About Jim Skea:
i.He served as a member of the IPCC Bureau since 2008 and he has nearly 40 years of experience and expertise in climate science.
ii.Initially he was a Vice-Chair of Working Group III and as Co-Chair Working Group III from 2015, which covers the mitigation of climate change .
iii.He appointed as a Professor in Sustainable Energy at the Imperial College in 2009 and also served as the Research Director of the UK Energy Research Centre (UKERC) from 2004-2012.
iv.He was a founding member of the UK’s Committee on Climate Change and Chair of  Just Transition Commission, Scotland since 2018.
v.He is a member of the Advisory Board of the Scott Institute for Energy Innovation, Carnegie-Mellon University, Pittsburgh, the United States of America (USA).
vi.He co-led the IPCC’s landmark Special Reports on “Global Warming of 1.5 °C”  in 2018 and “Climate Change and Land” in 2019 and the 2022 Report on the Mitigation of Climate Change.
vii.He was a co-author of the 2023 Sixth Assessment Synthesis Report.
About Intergovernmental Panel on Climate Change (IPCC):
It was established by the United Nations Environment Programme (UNEP) and the World Meteorological Organization (WMO) in 1988
Chairperson– James Ferguson ‘Jim’ Skea
Headquarters– Geneva, Switzerland


India’s UN Ambassador Ruchira Kamboj, Assumes the Chairmanship of of 62nd Session of CSocDIndia’s Permanent Representative to the United Nations (UN), Ambassador Ruchira Kamboj, has assumed the chairmanship of the 62nd Session of the Commission for Social Development (CSocD62).
Note: CSocD meets annually in New York, The United States of America(USA), usually in February.
Background:
i.On 15th February 2023, India has been elected as the chair of the 62nd session of the UNCSocD, during the 13th plenary meeting-61st session of the commission for social development. India will hold its term until 2027.
ii.The commission elected Ruchira Kamboj as the chair of CSocD62 and Carla María Carlson, Counsellor at the Permanent Mission of the Dominican Republic; H.E. Jon Ivanovski, Deputy Permanent Representative at the Permanent Mission of North Macedonia; and Thomas Lammar, Counsellor at the Permanent Mission of Luxembourg were also elected as the Vice Chairpersons of the CSocD62.
iii.For the first time since 1975, India has been elected as the chair of CSocD.
CSocD62 theme: 
i.The central theme for the CSocD62 is “Fostering Social Development and Social Justice through Social Policies to accelerate Progress on the Implementation of the 2030 Agenda for Sustainable Development and to achieve the overarching goal of poverty eradication”.

  • The theme underscores the vital connection between social development and social justice as they form the bedrock for achieving the Sustainable Development Goals (SDGs).

About United Nation’s Commission for Social Development (UN CSocD):
CSocD, originally known as the Social Commission (renamed in 1966), was established by ECOSOC res. 10 (II) (1946).
i.CSocD is one of the key commissions tasked with monitoring and carrying out the Copenhagen Declaration and Programme of Action.
ii.It was established by the Economic and Social Council (ECOSOC).
iii.The commission’s goal is to advise the ECOSOC, on social issues that are not covered by specialized intergovernmental organizations.
iv.It consists of 46 members, elected by the ECOSOC for 4-year terms based on equitable geographical distribution.


CCI approves Acquisition of 59.38% stake in Unichem by Ipca LabsThe Competition Commission of India (CCI), the competition regulator in India, approved the proposed combination involving acquisition of shareholding up to 59.38% of stake in Unichem Laboratories Limited by Ipca Laboratories Limited.
Acquirer: Ipca Laboratories Limited.
Target: Unichem Laboratories Limited.
Background:
i.In April 2023, The Acquirer entered into a definitive share purchase agreement for acquisition of one-third (2.35 crore shares at Rs 440/ share) of the Target overall shareholding for a cash consideration of Rs 1,034 crore.
ii.As per the acquisition regulations of Securities and Exchange Board of India (SEBI), the Acquirer also made an open offer to acquire up to 26% of the shares of the Target at Rs 440 apiece, aggregating to Rs 805.4 crore.
Highlights:
i.The proposed combination pertains to proposed acquisition of approximately 33.38% of the issued and paid-up equity voting share capital (on a fully diluted basis) of the Target by the Acquirer pursuant to a share purchase agreement.
ii.Additionally, since the Acquirer is acquiring more than 25% shareholding in the Target, which is a listed company, the Acquirer is required to make an open offer for the purchase of equity shares up to 26% of the Target’s equity share capital in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
iii.Accordingly, the Acquirer will acquire up to 59.38% shareholding of the Target (Proposed Combination).
Note:

  • Ipca Laboratories Limited, a fully-integrated pharmaceutical company that manufactures formulations and Active Pharmaceutical Ingredients (APIs) for various therapeutic segments.
  • Unichem Laboratories Limited is active in the sale of formulations, APIs, intermediates, and contract manufactured finished formulation dosages, globally.

TKMS Signs MoU With MDL to Modernise INS SHANKUSH SubmarineThyssenkrupp Marine Systems (TKMS ) and Mazagon Dock Shipbuilders Ltd (MDL) has signed a Memorandum of Understanding (MoU)  for the overhaul and modernization of a Sub-Surface Killer (SSK) class submarine, Indian Navy Ship (INSShankush to extend its operational capability.

  • MDL, a Miniratna I Central Public Sector Undertaking (CPSU) will act as general contractor up till the on-time delivery of the submarine.
  • TKMS, a Germany-based leading naval company, will be responsible for supplying selected systems, equipment and components as well as for on-site technical support and pressure hull inspection.

About INS SHANKUSH:
i.INS SHANKUSH  is the second submarine in a series of four Howaldtswerke-Deutsche Werft (HDW) Class 209 Type 1500 boats that are all still in service.
ii.INS Shankush was first commissioned by the Indian Navy in 1986 as part of German-Indian cooperation.
iii.To extend the life of INS SHANKUSH, the Ministry of Defence (MoD) had signed a ₹2,725-crore contract with MDL  for the Medium Refit with Life Certification (MRLC) and said to be delivered in 2026.
iv.The first submarine in this class is undergoing MRLC and will be back on sail by August 2023.
Note: In June 2023 ,TKMS & MDL had signed an MoU for the local construction of submarines for the Indian Navy as part of India’s effort to meet India’s Project 75I requirement.
About Mazagon Dock Shipbuilders Ltd (MDL):
Chairman & Managing Director(MD)- Sanjeev Singhal
Established- 1934
Headquarters- Mumbai, Maharashtra


NASA, DARPA enlist Lockheed to build Nuclear-Powered SpacecraftOn 26th July 2023, United States Defense Advanced Research Projects Agency (DARPA) and National Aeronautics and Space Administration (NASA) penned an agreement with Littleton, Colorado based aerospace and defence firm Lockheed Martin to construct Nuclear Thermal Rocket (NTR) vehicle to use in NASA’s Demonstration Rocket for Agile Cislunar Operations(DRACO) program for crewed missions to Mars..

  • This will help NASA & DARPA jointly to launch a nuclear-powered satellite as soon as 2027
  • The engine uses a nuclear fission reactor to generate high temperatures which is efficient than chemical propulsion systems

About Demonstration Rocket for Agile Cislunar Operations(DRACO) program:
NASA is attempting to develop a nuclear rocket that will take humanity to Mars and beyond. Under the DRACO program, NASA  aims to have an in-space test of Nuclear Thermal Propulsion (NPT) within 2027 with an estimate of USD 499 million.

  • In 1979, NASA contemplated a manned Mars Mission utilising a nuclear-powered spacecraft known as Nuclear Engine for Rocket Vehicle Application (NERVA). Unfortunately, the NERVA project was abandoned.
  • Under the agreement with DARPA, Lockheed Martin is responsible for spacecraft design, integration, and testing.

About Engine:
i.BWX Technologies, based in Lynchburg, Virginia, is responsible for the design and build of the nuclear fission reactor that will power the engine.
ii.DRACO engine features a nuclear reactor which  heats hydrogen from a frigid temperature of minus 420 degrees Fahrenheit to an incredibly hot 4,400 degrees. The resultant hot gas will be expelled through a nozzle to create the necessary thrust for propulsion.
iii.NASA’s Space Technology Mission Directorate (STMD) is responsible for the overall management and execution of the nuclear-powered DRACO engine.
Background:
The Defense Advanced Research Projects Agency (DARPA) launched the program in 2021. In January 2023, NASA joined the program. It was agreed that

  • The technical development of the nuclear thermal engine, which will be integrated into DARPA’s experimental spacecraft, will be led by NASA’s Space Technology Mission Directorate (STMD).

‘AGRIBOT A6’ Drone of IoTechWorld Avigation Receives Type Certification from DGCA
IoTechWorld Avigation Private Limited , a Gurugram (Haryana)-based Agri-drone manufacturer, obtained a Type Certificate (TC) for its new indigenous drone model ‘AGRIBOT A6‘ from the Directorate General of Civil Aviation (DGCA) in India, regulatory body in the field of Civil Aviation. This the second drone from IoTechWorld that has received TC.

  • IoTechWorld Avigation Pvt Ltd was awarded the first TC under Drone Rules, 2021 in June 2022.
  • TC for drones is an official document issued by the DGCA certifying that a specific type of drone meets all the technical parameters and safety standards for operation in India.
  • AGRIBOT A6 model is 30% more compact than the previous model and is easy to transport and operate.
  • AIF (Agriculture Infrastructure Fund) is available for AGRIBOT A6 in which 90% collateral free loan is available at 3% subvention on the interest rate

Note: The certification, a compulsory requirement under the Drone Rules 2021, verifies that the drone adheres to the highest safety and quality standards.


World Hepatitis Day 2023 – 28th July 
The World Health Organization’s (WHO’s) World Hepatitis Day (WHD)
is annually observed across the globe on the 28th July to create awareness and educate people about the effect of viral hepatitis.

  • The theme for WHD 2023- “One Life, One Liver” which creates awareness in the public by emphasizing the need for prevention, early detection, and adherence to prescribed treatment.

‘We’re Not Waiting’ is the campaign theme for WHD 2023.
Hepatitis:
Hepatitis is an inflammation of the liver, often caused by viral infections. ii.Five main strains of the hepatitis virus – A, B, C, D, and E – are responsible for the majority of cases but they differ in important ways including modes of transmission, severity of the illness, geographical distribution and prevention methods.
About World Health Organisation(WHO):
Director-General- Dr Tedros Adhanom Ghebreyesus
Headquarters- Geneva, Switzerland
Founded in- 1948


World Nature Conservation Day 2023 – July 28

World Nature Conservation Day is annually observed across the globe on July 28 to create awareness about the importance of protecting the natural resources and wildlives.

  • The day also aims to educate the people about the necessity of conservation of natural resources, bio-diversity and ecology across the world and the challenges of climate change.

Tata Technologies singed MoA with Chhattisgarh to Transform ITIs into Industry 4.0 Tech Hub
Tata Technologies Limited, a global product engineering company, signed a 10-year Memorandum of Agreement (MoA) with the Department of Skill Development, Technical Education and Employment, Government of Chhattisgarh to transform 36 government-owned Industrial Training Institutes (ITIs) in Chhattisgarh into Industry 4.0 technology hub. The total cost of the project is Rs 1188.36 crore.

Current Affairs- 28 July 2023

MoA & FW Launched 3 Technological Initiatives Under PMFBY & RWBCISOn 21st July 2023, the Ministry of Agriculture and Farmers Welfare (MoA & FW) launched technological initiatives under the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS) to empower farmers and streamline their operations in New Delhi, Delhi.

  • Union Agriculture Minister Narendra Singh Tomar and Union Minister for Earth Sciences Kiren Rijiju launched the new initiatives, including YES-Tech (Yield Estimation System, based on Technology) Manual, Weather Information Network Data Systems (WINDS) portal and AIDE (Sahayak) mobile app, to provide farmers with accurate weather data, yield estimates, and crop insurance access, effective from the current tender cycle of 2023-25.

Key highlights:
i.Minister of Agriculture announced the delinking of subsidies, ensuring that farmers receive their claim payments without waiting for State actions.
ii.This provides financial security to farmers as the centre releases its share of subsidies independently.
About Ministry of Agriculture and Farmers Welfare (MoA & FW):
Union Minister- Narendra Singh Tomar (Constituency-Morena, Madhya Pradesh)
Minister of State- Sushri Shobha Karandlaje; Kailash Choudhary


Ministry of Jal Shakti Celebrated 1st Anniversary of Rural WASH Partners Forum (RWPF) in Delhi

The Rural WASH Partners’ Forum (RWPF), a platform of the Department of Drinking Water & Sanitation (DDWS) under the Ministry of Jal Shakti, celebrated its 1st anniversary during a two-day National Conference on Rural WASH Partners’ Forum at Vigyan Bhawan, New Delhi, Delhi.
i.The theme of the conference was “Accelerating Progress towards a Swachh Sujal Bharat”.
ii.The conference was inaugurated by Union Minister of Jal Shakti Shri. Gajendra Singh and launched various initiative such as

  • Release of the Manual for Disaster Management Plan (DMP),
  • Set up of Jal Jeevan Mission (JJM) Digital Academy,
  • RWPF Annual Yearbook and Web page,
  • Swachhata Chronicles – Transformative Tales from India, and
  • Field Assessment Framework and Ranking Protocol of SSG 2023.

‘India AI’ and Meta, India sign MoU to Foster Advancements in AI & Emerging TechnologiesOn July 26, 2023, India AI and Meta,India signed a Memorandum of Understanding (MoU) to foster collaboration in the field of Artificial Intelligence (AI) and Emerging Technologies.

  • India AI is an Independent Business Unit (IBD) under Digital India Corporation (DIC) of the Ministry of Electronics and Information Technology (MeitY).
  • The partnership will promote social inclusion, enhance government service delivery, and drive innovation using large language models, Generative AI, cognitive systems, and translation models.

Signatories:
It was signed by Abhishek Singh, Chief Executive Officer (CEO) of India AI; and Shivnath Thukral, Director & Head of Public Policy, Meta in India.
Objectives of the MoU:
i.To establish a framework for collaboration and cooperation between both entities in the field of AI & Emerging Technologies
ii.To make Meta’s open-source AI models available for use by Indian AI ecosystem.
What will be done under the MoU?
i.The collaboration aims to conduct advanced joint research and development, utilizing cutting-edge AI technologies to address significant challenges on a large scale.
ii.Both organizations are considering the establishment of a Center of Excellence (CoE) to support the AI and other Emerging Technologies startup ecosystem.
iii.By utilizing Meta’s AI research models such as LlaMAMassively Multilingual Speech, and No Language Left Behind, the partnership will concentrate on creating datasets in Indian languages.

  • This will enable translation and the development of large language models, with a special focus on low-resource languages.

iv.Work will be done to improve accessibility to AI compute resources for researchers, startups, and organizations with limited resources, facilitate knowledge sharing and collaboration through workshops, seminars, conferences, and similar platforms, and work together to promote responsible AI practices by jointly developing comprehensive tools and guidelines.


CEM-14/MI-8 held in Goa on the sidelines of the 4th Energy Transitions Working GroupThe 8th Mission Innovation Ministerial (MI-8) and 14th Clean Energy Ministerial(CEM-14), hosted by the Ministry of Power and Department of Science and Technology, took place alongside the 4th Energy Transitions Working Group (ETWG) meeting under India’s Group 20 (G20) Presidency held in Goa from 19th July 2023 to 22 July, 2023.

  • The theme for the year 2023  is ‘Advancing Clean Energy Together’.
  • The event was attended by 34 member countries.
  • The 4th ETWG Meeting was chaired by Pankaj Agarwal, Secretary, Ministry of Power.

EESL signs 15 MoU on Green Energy at G20 meet
The Energy Efficiency Services Limited (EESL), a Public Sector Undertakings under the Ministry of Power, signed 15 Memorandum of Understanding (MoUs) worth Rs.700 crore, on the sidelines of the recently concluded G20 green energy ministerial in Goa.

  • The purpose of MoU is to strengthen the EESL’s commitment to exploring innovative solutions for energy access, clean cooking, decarbonisation, and energy efficiency initiatives in India.

Bengaluru Becomes 1st Indian City to Join World Cities Culture ForumBengaluru, the capital of Karnataka became the first Indian city to be part of the World Cities Culture Forum (WCCF), a global network of cities that share research and intelligence to explore the role of culture in future prosperity.

  • Bengaluru became the 41st city to join the forum and the network currently includes 40 cities across six continents. The forum includes cities like New York, London, Paris, Tokyo, and Dubai. list of all wccf cities

Bengaluru’s way to WCCF:
 i.The participative project called Unboxing Bangalore is established to create a new narrative around Bengaluru through multimedia properties and they have been representing the city and leading the discussions.
ii.WCCF will work closely with Unboxing BLR Foundation, a not-for-profit initiative co-founded in April 2022 by Prashanth Prakash, Founding Partner of Accel India and Philanthropist, and journalist Malini Goyal.
About WCCF:
i.It was founded in 2012 by Justine Simons, London’s Deputy Mayor for Culture & the Creative Industries.

  • She was awarded an Order of the British Empire(OBE) in 2015 by Queen Elizabeth for her Services to Culture in London.

ii.WCCF partners share the belief that culture is the key to their future as sustainable urban centres.
iii.The WCCF undertakes comparative research to assess the impact and significance of culture and creativity and shares its findings with the Forum so that partner cities can make evidence-based policy decisions.
iv.Forum partners collaborate through a series of events that includes themed symposia, regional summits, and workshops and These activities contribute to the yearly World Cities Culture Summit.
About Bengaluru cultural aspects:
i.Bengaluru is commonly referred to as the ‘Silicon Valley of India’ because of its role as the nation’s leading information technology exporter.
ii.Bengaluru is home to more than 30 government and private museums that showcase the city’s rich history, art and culture.

  •  India’s first interactive music museum opened in 2019.

iii.As the “Garden City of India”, it has many green spaces including two nationally recognised botanical gardens, Lal Bagh and Cubbon Park that act as green lungs for the city.
iv.The variety of festivals and cultural events takes place including The Bengaluru International Film Festival, The Bangalore Literature Festival, Bengaluru Design Festival and Future Fantastic Festival.


ITC released Customised My Stamp on Mission Millets in collaboration with Departmet of Post
On 25th July 2023, ITC Limited, a leading Indina multi-business enterprise based in Kolkata, West Bengal, has released a special postal stamp, a customised “My Stamp” on Mission Millet in collaboration with the Department of Post(India Post) under the Ministry of Communication.

  • The postal stamp was released to celebrate Shree Anna and to create awareness about the importance of Millets.
  • The postal stamp is a part of ITC’s Mission Millets initiative commemorating the International Year of Millets 2023.
  • The exclusive ITC Mission Millets postal stamp acknowledges the significant role of farmers and connects sustainable farming to nutritious food products and delicious millet-based recipes and dishes.
  • The event also witnessed the launch of ITC’s initiative to encourage consumers to become millet advocates through its limited-edition digital collectible stamps.

Note: ‘My Stamp’ is the brand name for personalized sheets of Postage Stamps of India Post.
Key People:
The stamp was released by Kailash Choudhary, Minister of State (MoS) for the Ministry of Agriculture & Farmers’ Welfare(MoA&FW) in the presence of Sushri Manju Kumar, Chief Post Master General, Department of Post, and S Sivakumar, Group Head – Agri Business, ITC.
ITC Mission Millets:
i.ITC launched Mission Millets in 2023, focussed on mainstreaming millets and in order to support the Government of India’s (GoI) commitment to ‘Help India Eat Better’.
ii.ITC Mission Millets is powered by 3 Pillar strategy, which includes the development of a ‘good-for-you’ food portfolio; the implementation of sustainable farming systems; and the creation of a robust millets agri value chain.
iii.It also focussed on enhancing consumer awareness on the benefits of millets, a nutritionally superior food option.
Key Points:
i.The ITC Millets Stamps release will further strengthen the vision of ITC to empower, educate and encourage millet farming and consumption in India.
ii.The efforts taken by the Ministry of Agriculture and Farmers Welfare on millets include the

  • Celebration of the International Year of Millets-2023;
  • Holding of G20 Agriculture Ministerial Meeting (AMM);
  • Designating Indian Council for Agricultural Research (ICAR)-Indian Institute of Millets Research (IIMR), Hyderabad as Global Centre of Excellence on Millets.

iii.Along with the Mission Millets initiative ITC also promoting Farmer Producer Organizations (FPOs) in millet farming connected through its app ITC Meta Market for Advanced Agricultural Rural Services (ITCMAARS), an integrated ‘phygital’ eco-system to provide farmers with agricultural and related services on a digital platform in 2022.
Additional Info:
In March 2023, ITC Ltd partnered with the Bharat Banking Mission of Axis Bank to offer lending products and services to farmers, who are a part of the Agricultural Ecosystem of ITC.


CRISIL’s 2023 Greenwich Share and Quality Leaders: HDFC Bank tops in 3 Categories According to the list “2023 Greenwich Share and Quality Leaders in Indian Large Corporate & Middle Market Banking” released by Coalition Greenwich, a division of CRISIL Limited, HDFC Bank has topped among three categories.

i.In the list of Greenwich Share Leader 2023(Large Corporate), HDFC Bank has overtaken State Bank of India (SBI) and topped the list of Indian Large Corporate Banking Market Penetration – Local Banks.
ii.ICICI Bank has topped the Indian Large Corporate Banking Quality – Local Banks and emerged as the sole designation for Greenwich Quality Leader 2023(Large Corporate).
About CRISIL Limited:
CRISIL Ltd was formerly known as Credit Rating Information Services of India Limited. It is a a leading, agile and innovative global analytics company owned(majority) by S&P Global Inc.
Managing Director and CEO– Amish Mehta
Headquarter– Mumbai, Maharashtra

Federal Bank launches Non-Resident SB Account ‘NRE Eve+’ for NRI WomenThe Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) launched a unique Non-Resident (NR) Saving Bank (SB) account scheme, named SB NRE (Non-Resident External) Eve+ designed exclusively for the financial needs of Non-Resident Indian (NRI) women.

  • The scheme provides variety of benefits geared at enhancing the financial journeys of the NRI women.

Launch of SB NRE Eve+:
i.During the global virtual launch, the product theme as well as the prototype of the customised debit was revealed and a debit card was presented to the first NRE Eve+ customer (Suni Paul) of the Federal Bank.
ii.The release of NRE Eve+ Savings Account was announced at the ‘Nurses Day Out’ Event conducted as part of Nikai Angel Awards 2023 held at the De Montfort University, Dubai, United Arab Emirates (UAE) on 23rd July 2023.

  • First Account Holders: The first NRE Eve + account holders from Abu Dhabi, UAE were Dr. Jean Shahdadpuri, Managing Director, Nikai Group of Companies; Mrs. Beena Muraleedharan, Executive Director, SFC Group and Mrs. Danesa Thandassery Raghulal, Executive Director, Elite Foods Pvt Ltd.

Some Features of the Account:
i.Customers get free access to domestic and international airport lounges.
ii.The NRE Eve+ debit card provide customised offers including exclusive discounts on beauty, health care, dining, shopping, travel, and entertainment, all of which are served to the tastes of women.
iii.Safe Deposit Locker and Portfolio Investment Services available at concessional rates.
iv.Zero balance savings accounts for two children below 12 years of age.
v.Complimentary Insurance up to Rs.78 lakhs that includes child education benefits, accidental health, hospital cash & card protection.
vi.50% concession on Processing Fee / Administration Fee for Home Loans & Car loans.
vii.Free Mobile Alerts & Mobile Banking, Free Email alerts and Free unlimited at par cheque books.
About Federal Bank Ltd:
Tagline– Your Perfect Banking Partner
Chairman– C. Balagopal
MD&CEO–  Shyam Srinivasan
Headquarters– Aluva, Kerala
Established on– April 23, 1931


HDFC Bank partners with Davara KGFS for Co-lending Loans to Micro Enterprises
Dvara Kshetriya Gramin Financial Services (KGFS), Chennai(Tamil Nadu) based Non-Banking Financial Company (NBFC), and HDFC Bank Limited have entered into a co-lending partnership to provide business capital to micro enterprises operating primarily in the unorganised sector, that have limited access to formal sources of finance.

  • The partnership aligns with the Dvara KGFS’s 2023 Annual Operating Plan (AOP) looking to enable credit for micro businesses across the 10 states that it serves.
  • This partnership will increase Dvara KGFS’s capabilities in empowering the operations of micro business in rural areas.
  • The co-lending collaboration between banks and NBFCs encouraged by the Reserve Bank of India (RBI) has been a promising development to address the credit gap in the Micro, Small & Medium Enterprises (MSME) sector.

Dvara KGFS launched its Enterprise Loans vertical in 2020 with focus on 3 value chains namely grocery, dairy and agriculture. It has assisted numerous beneficiaries with working capital and business growth loans so far.


ICICI Prudential Life Insurance launches ICICI Pru Protect N Gain, a Protection based Saving Life Insurance Plan
On 24th July 2023, ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life), launched ‘ICICI Pru Protect N Gain‘, a protection-oriented life insurance plan that offers life protection against Accidental Death and Accidental Disability (Permanent disability due to accident) along with market-linked returns.

  • The scheme offers the dual benefits of protection and long-term savings to achieve the fundamental needs of customers.
  • The product provides the opportunity to offer life insurance protection of up to 100 times the annual premium and enables customers to maximise returns through 18 funds options spread across equity and debt.
  • It provides the customers a life insurance cover for the entire policy time and ensures financial security to their families during the policy tenure and significant lump sum for self on survival.

Note: ICICI Prudential Life Insurance Company Limited is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited.


Pedro Sánchez named caretaker PM of Spain After Inconclusive ElectionOn 25th July 2023, Pedro Sánchez, General Secretary of Spanish Socialist Workers’ party (Spanish acronym: PSOE) was formally named as caretaker Prime Minister (PM) of Spain. The interim government will remain in power until a resolution is reached for the political uncertainty that emerged from the inconclusive elections held on 23rd July 2023.

  • Pedro Sánchez has been the 7th PM of Spain (officially president of the Government of Spain) since 2018.
  • In 2018, he became the first politician from Spain to unseat a PM (Mariano Rajoy) through a motion of no-confidence.

Background:
i.The election held on 23rd July 2023 was called by the PM Pedro Sánchez after his party PSOE lost in the regional and municipal elections took place in May 2023.
ii.The general election of  Spain held on 23rd July 2023, conservative People’s Party (PP) won 136 seats and the far right Vox Party won 33 seats.
iii.The coalition of PP and Vox jointly won 169 seats, 7 short of an absolute majority of 176 in Spain’s 350 seat parliament.
iv.Spanish Socialist Workers’ party (PSOE) finished 2nd with 112 seats.
v.The PSOE and its allies in the new, far-left Sumar coalition won a total of 153 seats.
vi.The outcome of the election had a significant impact on the formation of a Government and the resolution of the political uncertainity in Spain.
About Pedro Sánchez:
i.Pedro Sánchez, born in Madrid (Spain) in 1972, and in 1993 he joined the PSOE party of Spain and is serving as the General Secretary of the party.
ii.He worked as an adviser at the European Parliament and was a member of the cabinet office of the United Nations High Representative for Bosnia Herzegovina.
iii.He was also served as the Leader of the Opposition and candidate to the Presidency of the Government between 2014 and 2016.
iv.Prior to that, he served as a Member of the Lower House of Parliament for the constituency of Madrid and a City Councillor for Madrid, Spain.
About Spain:
Capital– Madrid
Prime Minister– Pedro Sánchez (interim)
Currency– Euro


UAE Minister for Foreign Trade has been Elected as Chair of WTO’s MC13
On 24th July 2023, Dr. Thani bin Ahmed Al Zeyoudi, United Arab Emirates (UAE) Minister of State for Foreign Trade has been elected as the chair of the World Trade Organisation’s (WTO) 13th Ministerial Conference (MC13).

  • The announcement was made during the WTO General Council in Geneva, Switzerland where Dr Al Zeyoudi met with the WTO director general Ngozi Okonjo-Iweala.

The MC13 which will be held at the Abu Dhabi National Exhibition Centre, Abu Dhabi,United Arab Emirates from 26th to 29th of February 2024 will be attended by representatives from the 164 countries and customs blocs that make up the WTO.


M&M buys 3.5% stake in RBL Bank for Rs 417 crore
On 26th July 2023, Mahindra & Mahindra Limited (M&M), automotive manufacturing company of Mahindra group, acquired a 3. 53% stake in Mumbai(Maharashtra) based RBL Bank, formerly known as Ratnakar Bank, for Rs 417 crore.

  • This is  the first significant move by a manufacturing sector to venture into a private bank, after new norms of Reserve Bank of India(RBI) in 2021.
  • There is also a scope for further investments of Mahindra & Mahindra subjected to the cap of  9. 9%

New norms of Reserve Bank of India(RBI) – 2021:
i.Industrial houses can hold upto 10% stake in banks, but cannot be their promoters.
ii.Financial institutions, supranational institutions, public sector undertaking and central/state government can hold upto 10% stake in banks, but cannot be their promoters.
iii.Banking company(after the completion of business of 15 years) can hold upto 26% stake in banks, but can be their promoters.
Additional Info:
As per RBI norms, any entity looking to acquire over 5% stake in a bank needs to seek prior approval from the regulator.
About RBL Bank:
Managing Director(MD) & Chief Executive Officer(CEO) – R Subramaniakumar
Headquarters – Mumbai, Maharashtra
Tagline – Apno ka Bank


Aditya Samant Becomes India’s 83rd Chess GrandmasterOn 26th July 2023, Aditya S Samant (17) an International Master, became India’s 83rd chess Grandmaster (GM) by earning his 3rd GM norm against Aryan Chopra in the 9th round of Biel Chess Festival Master Tournament (MTO) 2023 in Switzerland.
Note: To become a GM, a player has to secure 3 GM norms and cross the live rating of 2,500 Elo points.
Key points:
i.Aditya who hails from Maharashtra earned his 1st GM norm at the age of 16 at the ABU Dhabi Masters in Abu Dhabi, United Arab Emirates (UAE) in August 2022 and secured his 2nd GM norm at the 3rd El Llobregat Open, Spain in December 2022.
ii.His live rating when going into the ninth round game was 2525.4 and to achieve his 3rd GM norm, he just needed to play his 9th round game against Aryan Chopra.
iii.Aditya became an International Master in 2022 at the 1st Maharashtra GM Open 2022.
Indian achievers in Biel Chess tournament:
i.Aditya is the third Indian to achieve the final GM norm at the Biel Chess tournament.
ii.In 2021, Harshit Raja and in 2022, Pranav Anand earned their final GM norm at the Biel Chess tournament.
82nd Grandmaster:
Telangana’s Vuppala Prraneeth had become India’s 82nd Grandmaster in May 2023.


Renowned Marathi Writer Shirish Kanekar Passed Away
On 25th July 2023, Shirish Kanekar, Veteran Marathi writer and columnist passed away in Mumbai, Maharashtra at the age of 80. He was born on June 6, 1943 in Pune, Maharashtra.

  • He worked at Marathi and English language publications like Loksatta, Indian Express, Samana, and Free Press Journal. He was popular for his newspaper columns on Cinema, Cricket and Politics.
  • His notable works include: Humorous articles like ‘Kanekari’, Fillambaji’, and ‘Shirishasan’; Bollywood movies such as “Nut Bolt Bolpat,” “Kanekari,” and “Cricket Vedh”; Books such as Irsalaki; Surparambya.

His collection of stories titled ‘Lagaon Batti,’ was recognised and honoured with the Maharashtra Literary Parishad Award for Best Comedy- Joshi Award


85th CPRF Raising Day – 27th July 2023The Central Reserve Police Force (CRPF) Raising Day, also known as CRPF Foundation Day, is annually celebrated on 27th July to commemorate the establishment of CRPF, the largest of India’s Central Armed Police Forces, functions under the aegis of Ministry of Home Affairs (MHA) of the Government of India (GoI).

  • The day recognises the valour courage and sacrifices of the soldiers of CRPF in the past 84 years, which plays a key role in India’s growth by maintaining peace and preserving internal security and national integrity of India.

27th July 2023 marks the observance of 85th Raising Day.
About Central Reserve Police Force (CRPF):
Director-General– Sujoy Lal Thaosen
Headquarters– New Delhi, Delhi
Established on– 27 July 1939


Walmart & Flipkart signed MoU with Telangana Govt to support MSMEs
On 25th July 2023, Walmart  and  Flipkart  signed a Memorandum of Understanding (MoU) with the government of Telangana to support the Micro, Small and Medium Enterprises (MSMEs) in Telangana. The MoU was signed between Swasti, the programme partner for Walmart Vriddhi Supplier Development Program (Walmart Vriddhi) in India and Industries and Commerce Department of Telangana.

  • The MoU was signed in the presence of Jayesh Ranjan, Principal Secretary, Industries and Commerce Department, Telangana and Joseph Julian KG, programme director of Swasti.
  • The objective of the MoU is to facilitate the development of local MSMEs towards accessing a wider domestic marketspace, support online retail and enable sustained growth and commercialisation.
  • Under this MoU, Walmart will offer training and support to MSMEs to digitise their capacity building to get greater access to supply chains.
  • In collaboration with Swasti, the Walmart Vriddhi programme offers small businesses and entrepreneurs a learning platform, provides free training, expert assistance, tools and skills required to grow and expand their ventures. Over 32,000 MSMEs have already completed the training.

Note: Walmart Vriddhi was launched in 2019 aimed to equip 50,000 Indian MSMEs with the skills necessary to succeed in business.


AP-Genco & NHPC to Form a Joint Venture for Implementing PSPHs in Andhra Pradesh
The Andhra Pradesh Power Generation Corporation (AP-Genco)  and National Hydroelectric Power Corporation Ltd. (NHPC) will form a Joint Venture (JV) for implementing Pumped Storage Hydropower Projects (PSPHs) with a total generation capacity of 6,000 Megawatt (MW)in Andhra Pradesh.

  • The 1st project will be a 1,350 MW (9×150 MW) PSHP at upper Sileru in GK Veedhi mandal of Alluri Sitharama Raju (ASR) district.Upon completion , the combined installed hydropower capacity of the Sileru basin will reach over 2,425 MW.

Current Affairs – 27 July 2023

Jyotiraditya M Scindia Inaugurates by Heli Summit 2023 by Launching UDAN 5.2 & HeliSewa appOn 25th July 2023, Union Minister of Civil Aviation and Steel, Jyotiraditya Scindia inaugurated the 5th Helicopter & Small Aircraft Summit (Heli Summit 2023) in Khajuraho, Madhya Pradesh.

  • During the event Scindia launched Regional Connectivity Scheme  UDAN(Ude Desh Ka Aam Nagrik,) 5.2 (RCS UDAN 5.2) and HeliSewa app.

i.UDAN 5.2 for small aircraft (by awarding 22 routes) and for helicopters (by increasing the VGF and reducing the fare cap) has been launched.
ii.HeliSewa is a single window service platform by the initiative of the Ministry of Civil Aviation under Digital India to develop a common platform by creating an ecosystem between the helicopter operators and the district authorities.
iii.A Memorandum of Understanding (MoU) between Pawan Hans Ltd. and Jet Serve Aviation Pvt. Ltd. was signed for advancing the Helicopter and Small Aircraft sector in India.
About Madhya Pradesh:
Chief Minister- Shivraj Singh Chouhan
Governor- Mangubhai Patel
Capital- Bhopal


President Droupadi Murmu Completes One Year in Office; Lays Foundation Stones/inaugurates Various Projects at Rashtrapati BhavanOn 25th July 2023, the President of India Droupadi Murmu completed one year in the office as the 15th President of India. On the occasion, she laid the foundation stone and inaugurated various projects at the Rashtrapati Bhavan in New Delhi, Delhi.
Background: 
i.On 25th July 2022, Droupadi Murmu, the candidate of Bharatiya Janata Party(BJP)-led National Democratic Alliance (NDA), was sworn in as the 15th President of India.
ii.The Oath of office was administered by then Chief Justice of India(CJI) Nuthalapati Venkata Ramana(NV Ramana).

  • She became the first person from a tribal community and the 2nd woman after Pratibha Patil to hold the office of President, the highest constitutional post of India.
  • Elected at the age of 64, she became the youngest person to hold the post. She was also India’s first President born in Independent India.

About Droupadi Murmu: 

  • Born in a Santali tribal family in  Mayurbhanj, Odisha on June 20, 1958.
  • In 2015, Murmu became the first woman governor of Jharkhand.

Key Info:
President Murmu engaged in several activities to commemorate the completion of her first year in the presidency. These activities include:
Redeveloped Website:
Marking the completion of one year of her presidency, President Murmu launched the redeveloped website of the President of India and Rashtrapati Bhavan, along with an e-book compilation of glimpses from the past year of her Presidency.

  • She also received the first copy of the book on Ayush Wellness Centre, President’s Estate, titled ‘Preserving Health, Embracing Traditions.

Laid Foundation Stone:
i.Laid the foundation stone for the redevelopment of the Shiva Temple in the President’s Estate, New Delhi, Delhi.
ii.Laid the foundation stone for the construction of a Cricket Pavilion at the Sports Ground of Dr. Rajendra Prasad Kendriya Vidyalaya, President’s Estate, New Delhi, Delhi.
Inauguration activities:
i.Inaugurated ‘Navachara’ an Artificial Intelligence(AI) enabled gallery developed by Rashtrapati Bhavan in collaboration with Intel India.

  • This gallery showcases innovative AI solutions created by students and AI coaches, providing insights into Rashtrapati Bhavan’s grandeur and promoting AI skills democratization.

ii.Inaugurated ‘Sutra-kala Darpan’, a Textile Collection of Rashtrapati Bhavan, featuring antique textiles that document the building’s illustrious legacy.
iii.Inaugurated ‘Janjatiya Darpan’ a gallery showcasing the art, culture, and contributions of various tribal communities in building the nation. The gallery displays various themes and artifacts in collaboration with Indira Gandhi National Center for the Arts (IGNCA) (under the Ministry of Culture), New Delhi, Delhi.
Additional Info:
Activities in past:
Rashtrapati Bhavan undertook citizen-centric initiatives during the first year of her Presidency, such as
i.Opened Rashtrapati Niwas in Mashobra, Himachal Pradesh and Rashtrapati Nilayam in Hyderabad, Telangana throughout the year for public visit.

ii.Increased the duration of opening Amrit Udyan (the historic Mughal Gardens of the Rashtrapati Bhavan in New Delhi, Delhi)


World Bank Approves Bank of Israel’s Membership to Join the ICCRThe World Bank on June 2023 issued an official approval for the Bank of Israel to join the International Committee on Credit Reporting (ICCR), a permanent structure of the World Bank, constituting a unique worldwide committee on credit reporting.
Background:
i.Since November 2022, the World Bank has taken internal steps to approve the Bank of Israel’s membership to the ICCR.
ii.Voting was held among the Committee members at the winter meeting of the ICCR in November 2022 and it was decided unanimously to approve the Bank of Israel’s accession as a member of the ICCR.
About International Committee on Credit Reporting ICCR:
i.The World Bank (WB) with the support from the Bank for International Settlements (BIS) created and coordinated the ICCR in 2009 chaired by Jean Pesme.
ii.ICCR is the only recognized international standard setter and guideline issuer on credit reporting, which includes representatives of central banks around the world and private financial regulators.
iii.It supports a broad, forward-looking, approach to issues in the world of credit reporting, achieving agreements regarding policy aspects that affect the public interest.
iv.It sets out recognized international credit reporting standards with regard to credit reporting and credit data sharing, which can be implemented by the member countries.
Responsibilities of ICCR:
The Committee is responsible to:

  • Further develop the international agreed framework in its general principles
  • Identify areas of further consideration and
  • Dedicate resources to the elaboration of papers, reports, guidelines and other relevant materials that will effectively support the adequate implementation of the General Principles.

About Bank of Israel:
Governor– Amir Yaron
Director General– Shulamit Geri
Headquarters– Jerusalem, Israel
Established in– 1954


Canara Bank Leads PSBs in Lending with Rs 187,813cr to State PSUs & Corp.TN holds Highest Debti.According to the Parliamentary Questions and Answers data (Lok Sabha) on Outstanding Debt of States and Union Territories (UTs), Canara Bank topped the list of Public Sector Banks (PSBs) with the highest lending of Rs 187,813 crore in FY23 to Corporations and Public Sector Undertakings (PSUs) of States and Union Territories (UTs) for the 5th consecutive time.
ii.This information was revealed in a written statement by the Union Minister Nirmala Sitharaman, Ministry of Finance, on July 24, 2023, in response to questions raised by Member of Parliament (MP), Velusamy P.
iii.Out of the 12 PSBs, 10 reduced their lending to PSBs in FY23. Only two banks viz. Canara Bank and Central Bank of India, increased their exposure in FY23.
iv.Canara Bank’s lending to State-run PSUs and corporations alone accounted for over 45% of the total lending of all PSBs.
Tamil Nadu has highest Outstanding Debt in India
As per the RBI’s ‘State finances: A study of budgets of 2022-23’ report published in 2023, Union Minister of Finance Nirmala Sitharaman shared data on outstanding liabilities, highlighting that Tamil Nadu(TN) has the highest amount of outstanding debt among all States and Union Territories in India, at Rs 7.54-lakh crore (as per bu dget estimates for FY23).
About Ministry of Finance:
Union Minister– Nirmala Sitharaman (RajyaSabha- Karnataka)
Ministers of State (MoS)– Pankaj Chaudhary; Dr. Bhagwat Kishanrao Karad
Departments– Department of Expenditure; Department of Economic Affairs (DEA); Department of Revenue; Department of Financial Services; Department of Investment and Public Asset Management (DIPAM) & Department of Public Enterprises.


RBI Sets Restrictions on Bengaluru based National Co-operative Bank
On 24th July 2023, Reserve Bank of India(RBI) imposed business limitations on Bengaluru’s one of the oldest banks, National Co-operative Bank Limited because of its poor declining financial condition.

  • Starting from July 24, 2023, the business restrictions will be in place for a duration of six months and are subject to review.
  • The restrictions are imposed under the provision of  the Banking Regulation Act, 1949.
  • Depositors will be entitled to receive deposit insurance claim amount up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation(DICGC)

Restriction imposed:
i.Withdrawal limit is capped at Rs.50,000 per account
ii.The RBI also prohibited the bank from renewing loans, engaging in investments, creating liabilities, processing payments, or accepting fresh deposits.
Note: The imposition of business limits does not lead to the termination of the banking license. The bank will continue to operate within these limits until its financial status improves.
Additional info:
i.In May 2023, the National Co-operative Bank was levied with a monetary penalty by the RBI, citing regulatory infractions.

  • The bank  charged fixed penalties (rather than penalties appropriate to the extent of the failure) for customers’ failing to maintain a minimum balance in their savings bank accounts.

ii.In January 2020, the RBI had conducted an inspection in Sri Guru Raghavendra Sahakara Bank and identified discrepancies in its loan book and an escalation in non-performing assets (NPAs), leading to the imposition of restrictions on the bank.
About National Co-operative Bank:
i.The bank was founded in 1975 by TR Shamanna
ii.Headquartered in Bengaluru, Karnataka
iii. Chairman – H C Krishna
About Reserve Bank of India(RBI)
Governor – Shaktikanta Das (25th)
Headquarters – Mumbai, Maharashtra(earlier Kolkatta, West Bengal)
Established on – April 1, 1935
Established under – Reserve Bank of India Act, 1934.

Union Bank of India Partners with IBM India to co-create Digital Business Platform Union Bank of India (UBI), one of the leading public sector bank (PSB) in India, partnered with IBM India Private Limited to create a state-of-the-art Digital Business Platform, focusing on Omni-channel experiences and data-driven hyper-personalization and a comprehensive financial services superstore designed for seamless cross-selling and upselling.
This partnership promotes digital revolution in the banking industry and paves the way for a brighter, more convenient future of banking services.
Features:
i.Omni-Channel Experience ensures the flexibility of the customers to engage with the bank through various channels, including mobile, online, and in-branch.

  • This multi-dimensional approach enables users to access their accounts anytime, anywhere, ensuring exceptional convenience.

ii.The integration of data-driven hyper-personalization allows UBI to serve the unique financial needs of each individual customer.
Key Points:
i.The Digital Business Platform will also facilitate full digital transfers, providing exceptional convenience and efficiency to the customers.
ii.Union Bank of India will support Open Banking capabilities, allowing for perfect integration of services across multiple partnerships.
iii.This digital-first approach provides faster and more efficient transactions, contributing to enhanced customer satisfaction.
iv.The bank ensures a hassle-free experience for its customers by making more efficient processes and eliminating unnecessary paperwork.
About Union Bank of India:
MD&CEO– A. Manimekhalai
Headquarters– Mumbai, Maharashtra
Established on– 11th November 1919
Tagline– Good people to bank with


IMF WEO July 2023 Update projects Indian Economy Growth at 6.1% in 2023On July 25, 2023, the International Monetary Fund (IMF) in its ‘July 2023 World Economic Outlook (WEO) Update- Near-Term Resilience, Persistent Challenges‘  projected a growth rate of 6.1% for India in 2023, which is a 0.2 percentage point upward revision compared with the April projection of 5.9%.

  • This shows a stronger-than-expected growth in the Q4 of 2022 driven by robust domestic investment.
  • For 2024, it remained at 6.3%, as projected in April 2023 WEO Update. India grew at 7.2% in 2022.

Note: In this update, for India, data and projections are presented on a fiscal year basis, with FY 2022-23 (starting in April 2022).

  • As per Calender Year, India’s growth projections are 6.6% in 2023 and 5.8% in 2024.

The Global Scenario:
i.The global growth is projected to fall at 3% in both 2023 and 2024 from an estimated 3.5% in 2022.
ii.Global headline inflation is projected to fall to 6.8% in 2023 and 5.2% in 2024 from 8.7% in 2022.
iii.The global recovery is slowing amid increased dissimilarity among economic sectors and regions.
iv.The forecast for 2023 is modestly higher than predicted in the April 2023 WEO, however, it remains weak by historical standards.
v.The outlook projected the moderation of adverse risk globally as the United States (US) debt ceiling standoff, and strong action by authorities to contain turbulence in US and Swiss banking which reduced the immediate risks of financial sector turmoil.
Regional Highlights:
i.On the regional front, Emerging market and Developing Economies will grow at 4% in 2023, and 4.1% in 2024.
ii.Emerging and Developing Asia will grow at 5.3% in 2023, and 5% in 2024.

  • China and India are part of this region.

iii.Growth in emerging and developing Europe is projected to rise to 1.8% in 2023, and to 2.2% in 2024.
iv.Latin America and the Caribbean is expected to see growth decline to 1.9% in 2023, and to reach 2.2% in 2024.
v.Growth in the Middle East and Central Asia is projected to decline to 2.5% in 2023, and 3.2% in 2024.
vi.In sub-Saharan Africa, growth is projected to decline to 3.5% in 2023 before picking up to 4.1% in 2024


KSUM & IFSCA Signs MoU to Support Fintech and Techfin firmsKerala Startup Mission(KSUM) and the International Financial Services Centres Authority (IFSCA) has signed a memorandum of understanding (MoU) for stronger support to budding fintech and techfin firms through increased capital and a wider global network in the next three years.

  • The MoU was signed between KSUM Chief Executive Officer(CEO) Anoop Ambika and IFSCA Chief Technology Officer Joseph Joshy at the Integrated Startup Complex in Kalamassery, Kerala.

Highlights of the MoU:
i.The MoU seeks input relating to the fintech industry and collaborate on  global hackathons, education programs.
ii.The MoU allows KSUM & IFSCA to hold symposia, webinars, and conferences for the growth of fintech at IFSC in GIFT (Gujarat International Financial Tec-City) of Gandhinagar, Gujarat to know about the global trend.
iii.As per the MoU, KSUM-registered fintechs

  • can be found listed on international exchanges within IFSC to raise capital
  • will get access to IFSCA’s Regulatory and Innovation Sandbox
  • can also apply to the IFSCA FinTech Incentive Scheme 2022 for grants.

Additional Information:
Fintechs & Techfins:
Fintechs are businesses that use technology to modify, enhance, or automate financial services for businesses or consumers, while techfins provide software solutions that are not primarily finance-related.
Kerala Startup Mission(KSUM):
KSUM is Kerala government’s nodal agency established in 2006 for entrepreneurship development and incubation activities in Kerala.
About International Financial Services Centres Authority (IFSCA):
Chairman- Injeti Srinivas (as of July 2023)
Established- 2020
Headquarters- Gandhinagar, Gujarat.
Note – K Rajaraman will be the next chairperson after Injeti Srinivas who was the first chaiperson of IFSCA.


Mumbai’s 169 yr old Byculla Railway Station won 2022 UNESCO Asia Pacific Award for Cultural Heritage Conservation
On 24th July 2023, India’s oldest railway station (169-years-old) Byculla railway station in central Mumbai, Maharashtra received the 2022 United Nations Educational, Scientific and Cultural Organization (UNESCO) Asia Pacific Awards for Cultural Heritage Conservation (Award of Merit). The award was presented by Ashwini Vaishnaw, Union Minister of Railways.

  • The recognition comes after 5 years of restoration activities of the railway station started in 2018
  • The award was announced in November, 2022.

Key Points:
It is to be noted that the restoration work was taken care by 3 women namely
i.Shaina Nana Chudasama, Member of Parliament(MP) through her Non Government Organisation (NGO) ‘I love Mumbai’
ii.Abha Narain Lambah, Conversation Architect and Historic Building Consultant
iii.Minal Bajaj of Director of Jamnalal Bajaj Foundation
Note: Shaina Nana Chudasama holds a record in the Guinness Book of World Records for fastest saree drape
About Byculla railway station
i.Byculla railway station was built in 1852
ii.One of the original stations on the Thane-Bombay rail network that was inaugurated in 1853
Additional Info:
Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) won the highest Award of excellence in the 2022 UNESCO Asia Pacific Awards for cultural heritage conservation.
About United Nations Educational, Scientific and Cultural Organization (UNESCO)
Headquarters – Paris, France
Established in – 1945
Members – 195 countries


Odisha’s Naveen Patnaik has Become the 2nd Longest-Serving CM in India
On 22nd July 2023, Odisha Chief Minister (CM) & Biju Janata Dal (BJD) president, Naveen Patnaik has become the 2nd longest-serving Chief Minister in India, with a tenure of 23 years and 139 days.

  • Patnaik, the five-time Chief Minister of Odisha, took charge on March 5, 2000.

Key points:
i.Patnaik surpassed the record set by former West Bengal CM Jyoti Basu who holds office for 23 years 137 days from June 21, 1977, to November 5, 2000.
ii.Pawan Kumar Chamling, the former CM of Sikkim, holds the 1st position as the longest-serving CM after independence in India. Chamling held the office of CM for 24 years and 166 days from December 12, 1994 to May 27, 2019.
iii.Naveen Patnaik is also the 3rd CM after Pawan Chamling and Jyoti Basu to win five consecutive terms as CM.


Ritesh Chauhan (IAS) Given Additional Charge as MD of NAFED
Ritesh Chauhan, a 2005 batch IAS officer of Himachal Pradesh(HP) cadre has been given additional charge of the post of Managing Director(MD), National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) under Department of Agriculture & Farmers Welfare (DAC & FW), Ministry of Agriculture & Farmers Welfare.

  • He is currently serving as Chief Executive Officer(CEO), Pradhan Mantri Fasal Bima Yojana (PMFBY) & Joint Secretary in the Ministry of Agriculture.

He is posted for a period of 3 months w.e.f. 01.05.2023 or till the appointment of regular incumbent or until further orders, whichever is earlier.


Pixxel Wins the iDEX Prime (Space) Grant to Develop Miniaturized Multi-Payload Satellites for IAFPixxel, a Bengaluru(Karnataka)-based private space data company, won a multi-crore grant from the Innovations for Defence Excellence (iDEX) under the Ministry of Defence(MoD) for the Mission DefSpace Challenge under iDEX Prime (Space), to manufacture miniaturised multi-payload satellites for the Indian Air Force (IAF).This was received as a part of the SPARK (Support for Prototype and Research Kickstart (in Defence)) grants by iDEX.
Benefits of the Grant:
i.Under the grant from iDEX, Pixxel will develop small satellites of up to 150 kilograms (Kgs) for Electro-Optical, Infrared (IR), Synthetic Aperture Radar and Hyper Spectral purposes.
ii.Pixxel will utilize its expertise of building microsatellites in-house to manufacture satellites externally for the first time.
About Mission DefSpace:
i.Mission DefSpace, launched by Prime Minister Narendra Modi during DefExpo in October, 2022 with 75 Defence Space Challenges relevant to the end users.
ii.The challenges are classied into 5 buckets: launch system, satellite system, communication and payload system, ground system, and software system.
iii.The mission aims to encourage technology development in space for defence applications by startups and young entrepreneurs through various initiatives of MoD, including iDEX.
Aim of the Grant:
To develop technologies, addressing each and every stage of a space mission from mission planning and manufacturing to satellite data analytics and more.
SPARK Grants:
The SPARK grants offered to select start-ups through the iDEX (Prime) and Defence India Start-up Challenges (DISC), intended to promote innovation by empowering Indian innovators and entrepreneurs in India.
Note: Pixxel emerged as the winner of the grant due to its outstanding pioneering technology in the area of hyperspectral satellite manufacturing.
Key Points:
i.This grant marks the entry of Pixxel into the defence sector and will now manufacture small satellites for the Indian Defence sector.
ii.Pixxel as a leading innovator in the space tech sector, building and launching made in India and the world’s highest-resolution commercial hyperspectral imaging satellites of earth at daily frequencies.
iii.Pixxel has launched commercial hyperspectral imaging satellites that provide earth-imaging services to its customers that include contract for supplying technical hyperspectral imagery to the United States of America (USA)’s National Reconnaissance Office (NRO).
About Pixxel:
CEO&Co-Founder– Awais Ahmed
Headquarters– Bengaluru, Karnataka
Founded in– 2019


Tennis: India’s Sumit Nagal wins Men’s Singles Tampere Open 2023On 23rd July 2023, Indian Tennis Player Sumit Nagal won Men’s Singles title of the Tampere Open 2023 by defeating Dalibor Svrcina of Czech Republic in Tampere, Finland.

  • This marks Sumit Nagal’s fourth Association of Tennis Professionals (ATP) Challenger title in five outings and his second title in 2023, when he won the Garden Open 2023 in Rome, Italy.
  • Previously he won the 2019 ATP Buenos Aires(Argentina open) and 2017ATP Bengaluru Challengers.
  • The 41st editon of the Tampere Open was held in Tampere, Finland from 17th July to 23rd July, 2023.

About Tampere Open 2023:
i.Tampere Open is part of the ATP Challenger 75 category and played on Clay surface.
ii.In 1982, the Tampere Tennis Center hosted the first Tampere Open. After 40 editions, the tournament is now the longest-running Challenger in history.
iii. In 2007, the Tampere Open also opened for women, when the women’s ITF tournament began to be organized.

  • In 2023, only the men’s tournament will be played at the Tampere Open.

About Sumit Nagal:
i.The 25-year old Sumit Nagal hails from Jhajjar District of Haryana and started playing Proffesional tennis from 2015.

  • His career best ATP men’s singles ranking is 122 at 2020.

Key Points:
i.He won the prize money of USD 9,880 and collected 75 ATP points from this tournament.
ii.He secured 178th place in ATP World Singles ranking after the winning Tamper Open.
iii.He is the first Indian to win two ATP Challengers in Europe.Previously Indian players Somdev Devvarman, Rohan Bopanna, and Harsh Mankad had won one ATP Challenger title in Europe.

  • He is also the first Indian to win three ATP Challenger singles titles on Clay.

iv.He also becomes the first Indian player to win two ATP Challenger titles in Europe and second in Finland.
Tampere Open 2023 Winners:


ISSF Junior World Championships 2023: India Finished 2nd with 17 medalsIndia won 17 Medals(6 gold, 6 silver and 5 bronze)and secured the 2nd spot in the overall medal tally of the 3rd edition International Shooting Sport Federation (ISSF) Junior World Championships 2023Rifle/Pistol/Shotgun. The event held from 14th July to 25th July 2023 at Changwon Shooting Range, Changwon, South Korea.

  • China topped the medal tally with 28 medals(12 Golds, 9 Silver and 7 Bronze).

i.The 19-year old Kamaljeet won two golds in the men’s 50m pistol event and the 50m pistol men’s team event along with Ankait Tomar and Sandeep Bishnoi.
ii.Sainyam won three medals including a gold in 10m air pistol women, and a bronze each in the 10m air pistol mixed team and women’s team events.

About International Shooting Sport Federation (ISSF):
President – Luciano Rossi
Headquarters – Munich, Germany


Czech-French novelist Milan Kundera Passed Away
On 11th July 2023, Milan Kundera, Czech Republic-born French writer passed away in Paris, France at the age of 94. He was born on April 1, 1929 in Brno city, Czech Republic (erstwhile Czechoslovakia).
He was best-known for his 1984 novel ‘The Unbearable Lightness of Being’.

  • He emigrated to France in 1975 after his dismissal from the Czechoslovakian Communist Party for “anti-communist activities and he lost his Czech nationality in 1979 and became a citizen of France in 1981. After 40 years, his Czech citizenship was restored in 2019.
  • His notable work includes The Joke (1967); Laughable Loves (1968); Life is Elsewhere (1969); The Book of Laughter and Forgetting” (1979); Immortality (1988); Identity (1998)
  • His awards include the Jerusalem Prize (1985); the Herder Prize (2000).

Kargil Vijay Diwas 2023- 26th July Kargil Vijay Diwas or Kargil Victory Day is observed annually across India on 26th July to observe India’s victory over Pakistan in the Kargil war 1999 and also pays tribute to the bravery and sacrifice of Indian soldiers during the Kargil war.

  • 26th July 2023, mark the 24th anniversary of Kargil Vijay Diwas.

The operation that took place during the war is known as Operation Vijay.
Operation Vijay:
The mission of Operation Vijay was to recapture the famous “Tiger Hill” and all the territories occupied by Pakistani troops along the  Line of Control (LoC).
Note: Every year, on the Kargil Vijay Diwas, the Prime Minister of India pays tribute to the soldiers who lost their lives in the Kargil war, at Amar Jawan at the India Gate, New Delhi, Delhi.
About Pakistan:
Prime minister- Muhammad Shehbaz Sharif
Capital- Islamabad
Currency- Pakistani rupee (PKR)

International Day for the Conservation of the Mangrove Ecosystems 2023 – July 26 The United Nations Educational, Scientific and Cultural Organization (UNESCO)’s International Day for the Conservation of the Mangrove Ecosystems is annually celebrated across the globe on 26th July to raise awareness of the significance of mangrove ecosystems as “a unique, special and vulnerable ecosystem” and to promote solutions for their sustainable management, conservation and uses.

  • The day is also known as “The World Mangrove Day“.
  • 26th July 2023 marks the observance of the 8th International Day for the Conservation of the Mangrove Ecosystems.

Background:
i.On 6th November 2015, UNESCO at its 38th session of the General Conference adopted the resolution 38C/66 and officially declared 26th July of every year, in response to the request of Ecuador, as the International Day for the Conservation of the Mangrove Ecosystem.
ii.The first-ever International Day for the Conservation of the Mangrove Ecosystem was observed on 26th July 2016.
iii.The date 26th July also marks the death anniversary of Greenpeace activist Hayhow Daniel Nanoto, who passed away in 1998 during a massive protest to re-establish the mangrove wetlands in Muisne, Ecuador.
About United Nations Educational, Scientific and Cultural Organization (UNESCO):
Director-General– Ms Audrey Azoulay
Headquarters– Paris, France
Founded in– 16 November 1945


BBMP & World Desgin Organisation signed MoU to develop the infrastructure of Bengaluru
On 24th July 2023, Bruhat Bengaluru Mahanagara Palike (BBMP), the administrative body of the Greater Bengaluru metropolitan area & the 4th Largest Municipal Corporation in India, signed a Memorandum of Understanding (MoU) with the Canada-based international non-governmental organization, World Design Organisation (WDO), to offer suggestions and guidance on the ways to improve the infrastructure of Bengaluru(Karnataka).
The MoU was signed as a part of the ‘Brand Bengaluru’ initiative.

Current Affairs- 26 July 2023

Central Govt approves 8.15% interest rate on Employees’ Provident Fund for FY23On 24th July 2023, The Ministry of Finance, Government of India(GoI) has approved  Employees’ Provident Fund Organisation (EPFO)’s Central Board of Trustees’ recommendation to set the annual interest rate of 8.15% on Employees’ Provident Fund (EPF) accounts for the financial year 2022-2023(FY23).

  • This move will cover over 6 crore subscribers of EPFO.
  • The current rate is 0.5% higher than the FY22 when it was 8.10%.

MoL&E has conveyed this approval of the Central Government under para 60(1) of EPF Scheme, 1952 by crediting the interest to the account of each member of the EPF Scheme as per the provisions under Para 60 of EPF Scheme, 1952.
Key Points:
i.With this rate, there will be distributing over Rs 90,000 crore to EPFO accounts on a total principal amount of approximately Rs 11 trillion during FY23, up from Rs 77,424.84 crore and Rs 9.56 trillion, respectively, during FY22.
ii.After the distribution for FY23, EPFO will be left with a surplus of Rs 663.91 crore.
iii.According to government data, EPFO added 1.72 million net members during April 2023, with around 847,000 new members for the first time during this period.


India’s 1st Fisheries AIC to be Set up at KUFOS, Kerala with a Grant of Rs 10crIndia’s first Atal Incubation Centre (AIC) in fisheries will be set up at Kerala University of Fisheries and Ocean Studies (KUFOS) in Kochi, Kerala to promote innovation, entrepreneurship, and technological advancement in fisheries and related sectors..

  • KUFOS got a grant of Rs 10 crore from National Institution for Transforming India (NITI) Aayog to set up fisheries’ AIC at the University.

About AIC in Fisheries:
i.KUFOS will lead this project as its principal investigator under the guidance of Radhika Rajasree SR, Professor and head of the Department of Fish Processing Technology, KUFOS.
ii.This AIC will serve as a hub for innovation by developing technologies and solutions for the challenges faced by marine ecosystems and fishing communities.
iii.It will also support new businesses in this sector to improve the fisheries industry and boost the economy.
iv.By encouraging partnerships between universities, industries, and the government, AIC will aid in knowledge transfer and commercialization of research outcomes.
v.It will also create job opportunities and provide a supportive environment for start-ups and entrepreneurs to succeed.
Key Points:
i.KUFOS is known for its excellence in education, research, and outreach related to fisheries and ocean studies.
ii.The AIC initiative is a part of NITI Aayog’s Atal Innovation Mission (AIM) set up in 2016, which aims to promote a culture of innovation and entrepreneurship across different sectors in India.


CDoT to be the Nodal Agency for Handling IPRs & Patents
The Government of India(GoI) has decided to make the Centre for Development of Telematics (C-DoT),premier R&D centre of the Department of Telecommunications, Ministry of Communications, as the nodal facilitation agency to handle telecommunication intellectual property rights (IPRs) and patents.

  • CDoT will only act as a facilitator for SEP negotiations and shall not have any financial liability or obligations towards any parties.

Key points: 
i.C-DoT will offer support and guidance to startups, Micro, Small & Medium Enterprises(MSME), and research entities in converting their innovations into IPRs and transforming research into commercially viable products.
ii.It will manage IPRs/standard essential patent (SEP) on behalf of the Indian Research and development (R&D) ecosystem and engage with both domestic and global IPR licensors.
iii.It represents Indian technology entities in IPRs/SEPs related engagements and be responsible for developing, hosting, and maintaining the repository of Indian telecom IPRs/SEPs.
iv.These initiatives align with the National Digital Communications Policy (NDCP) goals, which aims to establish internationally recognized IPRs in India, promote SEPs in digital communication technologies, and encourage Indian IPRs through international collaborations.
About Centre for Development of Telematics (C-DOT) :
Chief executive officer(CEO)- Dr. Rajkumar Upadhyay
Established- 1984
Headquarters- New Delhi, Delhi


Italy unveils memorial to honour Indian Army Soldiers who fought in  World War-II
On 22nd July 2023, the Commune of Monotone, Italy and the Italain Military historians unveiled the V.C Yeshwant Ghadge Sundial Memorial at Montone, Perugia, Italy, as a tribute to the Indian soldiers from the 4th, 8th and 10th Divisions, who fought in the Italian Campaign, during the Second World War (WW-II) (1939-1945).

  • The memorial also honoured the supreme sacrifices of Indian Soldier, Naik Yeshwant Ghadge, Victoria Cross (VC) recipient (posthumous), who was killed during the fighting in the of Upper Tiber Valley, Italy on 10th July 1944.
  • The memorial is in the form of a live sundial. The motto of the memorial is “Omines Sub Eodem Sole”, which translates in English as “We all live under the same sun”.
  • Ambassador and Mayor of Montone inaugurated the Yashwant Gharge Memorial and Dr Neena Malhotra, Ambassador of India in Italy and the Indian Defence Attaché represented India during the ceremony.
  • A special post card was also released during the event.

Note: Out of the 20 VC awarded in Italy, 6 were won by Indian soldiers.


Indian Banks Receive Rs.5,729 Crore  DEA Fund for Unclaimed Deposit SettlementOn 24th July 2023, Bhagwat Kisanrao Karad, the Union Minister of State(MoS) for Finance Ministry, announced that over the past five years Indian banks have been allocated a sum of Rs.5,729 crore from the “Depositor Education and Awareness” (DEA) Fund, as an effort to reunite unclaimed deposits with their claimants.

  • As of 31st  March 2023, Rs. 36,185 crores is transferred from  Public Sector Banks to  DEA Fund and Rs. 6,087 crores is transferred from Private banks as well.
  • The Reserve Bank of India (RBI) has initiated the “100 Days 100 Pays” campaign, aiming to help banks locate and settle the top 100 unclaimed deposits of each bank in every district across the country within a 100-day timeframe. This campaign commenced on June 1, 2023, and is scheduled to conclude on September 8, 2023.

Other steps taken by RBI to reduce unclaimed deposits:
i.Displaying the list of unclaimed deposits which are inactive/inoperative for ten years or more on the bank’s websites
ii.Finding the whereabouts of the customers and their legal heirs to return unclaimed deposits to the rightful claimants
iii.Formulating board approved policy on classification of unclaimed deposits
iv.Framing grievance redressal mechanism for quick resolution of complaints, record keeping, and periodic review of unclaimed deposit accounts.
Additional Info:
RBI is set to launch a centralized web portal that will allow the public to inquire about such deposits across multiple banks.


HDFC Mutual Fund launches HDFC Charity Fund for Cancer Cure
HDFC Asset Management Company (HDFC AMC), investment manager to HDFC Mutual Fund (HDFC MF), has launched its fourth fund the HDFC Charity Fund For Cancer Cure in partnership with the Indian Cancer Society (ICS) for the treatment of underprivileged cancer patients.

  • The New Fund Offer (NFO) will open on July 28, 2023, and close on August 08, 2023. It is a closed-ended income scheme and a f Fixed Maturity Plan(FMP) with a tenure of 1,196 days.

Key highlights:
i.The HDFC Charity Fund for Cancer Cure offers investors the option to donate 50% or 75% of Income Distribution cum Capital Withdrawal (IDCW) to the ICS.

  • These donations will be eligible for deduction under Section 80G of the Income-tax Act, 1961 (under the old regime).

ii.HDFC AMC will match donations with an equal amount directly contributed to ICS (subject to limit of Rs 16 crore per financial year).
iii.HDFC AMC has waived all investment management and advisory fees and ensured that the maximum benefit goes towards supporting cancer patients.


Bajaj Finserv launches first equity scheme in flexi-cap category
Bajaj Finserv Asset Management launched its first equity Fund ‘Bajaj Finserv Flexi Cap Fund’ in the flexi-cap category, an open-ended and dynamic equity scheme.

  • The New Fund Offer (NFO) opens for subscription on July 24 and closes on  7th August 2023.
  • Bajaj Finserv Asset Management Limited is a wholly-owned subsidiary of Bajaj Finserv Limited.

Investment Approach
i.Flexi-cap fund invests across companies of any market capitalizations including large-caps, mid-caps, and small-caps companies.
ii.Bajaj Finserv Flexi Cap Fund will follow an investment philosophy based on INQUBE – the Asset Management Company (AMC)’s proprietary framework that adds the layer of behavioural finance to the informational and quantitative edges.
iii.It also invests based on Megatrends investing approach and their experts spot across sectors, themes, market capitalization and geographies.
Fund Manager: The scheme will be managed by Nimesh Chandan (Chief Investment Officer),Sorbh Gupta(Senior Fund Manager – Equity) and Siddharth Chaudhary (Senior Fund Manager – Fixed Income)
Megatrends
Megatrends are long-term developments that impact various aspects of society significantly such as technological advancements, changing consumer behaviors, demographic shifts, environmental concerns and more.


BEL signed MoUs with Gabriel Power and CoRover for energy & AI solutionsOn 19th July 2023, Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking (PSU) under the Ministry of Defence (MoD) signed Memoranda of Understanding (MoUs) with Gabriel Power and Energy Private Ltd (Gabriel Power) and CoRover Private Limited to leverage opportunities across the power and energy sectors and Artificial Intelligence (AI) -based conversational solutions respectively.

  • The strategic MoUs, aims to boost the ‘Atmanirbhar Bharat’ (‘self-reliant India’) initiative and Government of India’s vision of a Digital India.

About BEL’s MoU with Gabriel Power and Energy Pvt Ltd:
i.The collaboration focuses on supporting the commitment of the two companies to the ’Make in India‘ initiative by enhancing indigenous manufacturing capabilities and establishing India as a leading global manufacturing hub for advanced power and energy solutions.
ii.The partnership is expected to create significant job opportunities within the power and energy industries.
iii.Under the MoU, BEL, and Gabriel will work closely together to introduce state-of-the-art technologies that will be further optimised and manufactured in India.
iv.The collaboration will encompass a wide range of products, including Electric Vehicle (EV) Chargers, Smart Meters, Green Hydrogen Generation, Hydrogen Gensets, and Solar Steam Solutions.
About Gabriel Power:
Gabriel Power, a company that is backed by several Global Funds intends to bring these technologies to India, manufacture few products along with BEL and under ‘Make in India’ and targeting markets in India, Asia, Middle East and Africa.
About BEL’s MoU with CoRover Private Limited:
i.BEL signed a non-exclusive MoU with CoRover Private Limited, a human-centric conversational and generative Artificial Intelligence (AI) company for 2 years to indigenously develop and establish emerging technologies and technical solutions to mark the requirements of AI-based solutions, especially conversational AI-based virtual assistants.
ii.The MoU will enable both companies to collaborate in the fields of Generative AI platform, particularly with a special focus on the BharatGenerative Pre-trained Transformer (GPT) platform of Co-Rover.
Note: BharatGPT, the Large Language Model of CoRover, supports more than 12 Indian languages and over 120 foreign languages, through text, voice and even video.
iii.AI can be used to develop many more interactive applications like Dialogue/Conversational Management, Real Time Analytics, Speech to Text (STT)/Automatic Speech Recognition (ASR) and many more.
Note: CoRover private ltd is the world’s first and the highest Return on Investment (ROI) delivering human-centric conversational AI platform has developed the world’s first human-centric conversational AI platform, being used by 1.3 Billion users.


President Droupadi Murmu confers National Geoscience Awards 2022 to 22 winnersi.On July 24, 2023, the President of India Droupadi Murmu conferred the National Geoscience Awards- 2022 (NGA) of the Ministry of Mines on 22 Geoscientists during an event organized at Rashtrapati Bhavan Cultural Centre in New Delhi, Delhi.
ii.The National Geoscience Award for Lifetime Achievement was conferred upon Professor (Dr.) Om Narain Bhargava, Department of Geology, Panjab University (PU), Chandigarh, for his pioneering work in the Himalayas spanning over the last four decades.
iii.The National Young Geoscientist Award was presented to Dr. Amiya Kumar Samal, Assistant Professor of Banaras Hindu University (BHU) in Varanasi, Uttar Pradesh (UP). He has made a notable contribution in understanding the variation of Sub-Continental Lithospheric Mantle (SCLM) beneath various Archean cratons of the Indian shield.
About Geological Survey of India (GSI):
Director General– Janardan Prasad
Headquartered– Kolkata, West Bengal (WB)
Establishment– 1851


Union Minister Anurag Thakur Confers 8th and 9th Community Radio AwardsThe Union Minister for Information and Broadcasting, Anurag Thakur, inaugurated the two-day Regional Community Radio (CR) Sammelan (North) at the Indian Institute of Mass Communication in New Delhi, Delhi on the occasion of National Broadcasting Day on 23rd July 2023.

  • During the Inaugural Session, he presented the 8th and 9th National Community Radio Awards to commendable Community Radio Stations (CSRs) that have made significant contributions in their field and for the public interest.

9th National Community Radio Awards:
The 9th National Community Radio Awards consists of 12 awards under 4 categories.

  • These prestigious awards recognize outstanding Community Radio Stations (CRS) from various states, including Haryana, Bihar, Odisha, Uttar Pradesh, Uttarakhand, Tamil Nadu, Rajasthan, and Tripura. 
  • The CSR played a key role in ‘Jan Bhagidari se Jan Andolan ’ (Public movement with Public Participation).

About Ministry of Information and Broadcasting:
Union Minister- Anurag Singh Thakur(constituency-Hamirpur, Himachal Pradesh)
Minister of state- Dr. L. Murugan


Jindal Aluminium Limited received AS9100D Aerospace Certification from NVT Services 
Jindal Aluminium Limited, India’s largest Aluminium extrusion company and India’s second largest producer of aluminium flat rolled products, was awarded the AS 9100D Aerospace certification by M/s NVT Services, one of India’s top aerospace certification agencies.  The certificate recognises Jindal Aluminium as a qualified manufacturer for the aviation, space, and defence industry.

  • Post completion of a two-stage audit process by NVT Services, the accreditation was awarded to the Bengaluru (Karnataka) facility of Jindal Aluminium. The process of certification started in January 2023, and the certificate was received by the Jindal Aluminium Ltd in June 2023.

Note: AS9100D also called as AS9100 or EN9100:2018 is the most recent standard for organizations that design, develop or provide aviation, space and defense products and services, including parts, components and assemblies.

  • The AS 9100 Rev D standard includes the requirements of ISO 9001:2015 and specifies additional aviation, space, and defense (ASD) industry requirements.
  • AS 9100D standard, jointly developed by the Society of Automotive Engineers (SAE) and the European Association of Aerospace Industries, specifies the Quality Management System requirements for organizations that develop, design or manufacture aviation, space and defence products.

MoS gives 3 month extension to Amitava Mukherjee’s tenure as CMD of NMDC & NSL
The Ministry of Steel(MoS) has extended tenure of the Amitava Mukherjee as the Chairman-cum-Managing Director(CMDAdditional charge of NMDC Limited erly known as National Mineral Development Corporation) and NMDC Steel Ltd (NSL), a wholly owned subsidiary of NMDC Ltd for 3 months.

  • The extended tenure comes into effect from 1st September 2023 to 19th November 2023 or till a regular CMD is appointed or until further orders, whichever is the earliest.
  • Mukherjee is a Director (Finance) at NMDC Ltd who holds the additional charge of the CMD of NMDC since 13th March 2023 and additional charge of CMD of NSL, since 21st March 2023.
  • 19th November 2023 marks the date of completion of his tenure as Director (Finance) of NMDC Ltd.

Note: Previously, in June 2023, he got a 3 months extension to his tenure as CMD of NMDC and NSL with effect from 1st June 2023 to 31st August 2023.
About Amitava Mukherjee:
i.He joined NMDC as Director (Finance) in 2018. Prior to this, he served as General Manager (Finance) in Rail Vikas Nigam Limited (RVNL) for 3 years.
ii.He is on the Board of nine subsidiaries/ associate/joint venture Companies of NMDC. He also holds the position of Chairman in BRPL.
iii.He belongs to the 1995 batch of Indian Railway Accounts Services (IRAS) and held key positions in the Eastern Railways during his service in IRAS from 1997-2016.
iv.Before joining IRAS, he worked at Indian Oil Corporation Limited (IOCL) from 1994-1997.
About NMDC Limited:
Incorporated in– 1958
Chairman & Managing Director (Additional Charge)–  Amitava Mukherjee
Headquarters– Hyderabad, Telangana.


SpaceX launched 22 Starlink v2 satellites to LEOOn 23rd July 2023, the Space Exploration Technologies Corporation (SpaceX) launched 22 Starlink v2 satellites to Low-Earth Orbit (LEO) onboard the Falcon 9 rocket from the Space Launch Complex 40 (SLC-40) at Cape Canaveral Space Force Base in Florida, the United States of America(USA).

  • The Falcon 9 first stage booster returned to Earth and landed about 8.5 minutes after the lift off on the “Just Read the Instructions” droneship stationed in the Atlantic Ocean.
  • This marks the 6th flight and landing of the Falcon 9 first stage booster. It has previously supported 5 missions including CRS-26, OneWeb Launch 16, Intelsat IS-40e, and two Starlink missions.

Key Points:
i.The spacecraft were deployed on the LEO, about 65 minutes after the launch.
ii.SpaceX’s Starlink is the constellation of networked satellites aimed to provide global broadband communications (internet services to those who are not yet connected).
iii.The Starlink v2 satellite also provide reliable and affordable internet across the globe.
Note: So far SpaceX has launched more than 4,850 Starlink craft to LEO.
About Space Exploration Technologies Corporation (SpaceX):
Founded in– 2002
Chief Executive Officer& Co-Founder– Elon Musk
Headquarters– Hawthorne, California, the United States of America


Pakistan A Wins ACC Men’s Emerging Teams Asia Cup 2023
On 23rd July 2023, Pakistan A cricket team won Asian Cricket Council(ACC) Men’s Emerging Teams Asia Cup 2023 by defeating India A in the finals at R. Premadasa Stadium, Colombo, Sri Lanka.

  • This marks Pakistan’s second consecutive win in the tournament,previously it won the cup in the 2019 finals against Bangladesh in Dhaka, Bangladesh.

About ACC Men’s Emerging Teams Asia Cup 2023:
i.The fifth edition ACC Men’s Emerging Teams Asia Cup 2023 held from 13th July to 23rd July 2023 in Colombo, Sri Lanka.
ii.The eight teams participated in the event including India A, Sri Lanka A, Bangladesh A, Afghanistan A, Oman A, Pakistan A, Nepal A and United Arab Emirates A.
List of award winners:


Denmark’s Jonas Vingegaard has won 110th edition of the Tour de France
Denmark’s Jonas Vingegaard of the Jumbo-Visma, Dutch professional bicycle racing team,has won 110th edition of the Tour de France for a second straight year on the Champs-Elysees in Paris, France. The Tour de France (Tour of France) is an annual men’s multiple-stage bicycle race primarily held in France.

  • Vingegaard crossed the finish line after the 21-day race 7min 29sec ahead of Slovenia’s Tadej Pogacar, the champion in 2020 and 2021.
  • Vingegaard’s winning margin (7 minutes and 29 seconds) was the largest since 2014.
  • The tour covers 3,405 kilometres with eight mountain stages across five mountain ranges. Vingegaard seized control of the race over two stages in the Alps.

Sri Lankan Cricketer Lahiru Thirimanne retires from international cricket
On 23rd July 2023, Sri Lankan cricketer Lahiru Thirimanne announced his retirement from international cricket with immediate effect, after a 12-year cricket career.
About His Career:
i.Thirimanne represented Sri Lanka in 44 Test matches, 127 One-Day Internationals(ODI) and 26 Twenty20 (T20) Internationals after his debut in 2010.
ii.He has represented Sri Lanka in two ODI World Cups (2015, 2019) and three T20 World Cup campaigns, including Sri Lanka’s victory in 2014.
iii. He Scored more than 5000 international runs across all three formats and In five ODIs, he also served as Sri Lanka’s captain.
iv.Thirimanne’s final appearance for Sri Lanka was the Test match against India at Bengaluru in March 2022.


World In Vitro Fertilization (IVF) Day 2023 – July 25World In Vitro Fertilization (IVF) Day is annually observed across the globe on 25th July to commemorate the achievements and progress made in the field of infertility and reproductive endocrinology.

  • The day 25th July marks the birth date of world’s first ‘Test-tube baby’, Louise Brown, the first baby conceived via in vitro fertilization (IVF). Louise Brown was born on 25th July 1978 in in Manchester, England, the United Kingdom (UK).

i.This day is also recognised to celebrate the success and importance of IVF as an effective method of conceiving.
ii.This day is also known as World Embryologist Day observed across the globe to commemorate the great role and contribution of Embryologists in the IVF technology, one of the greatest innovations in the field of reproductive Science.

World Drowning Prevention 2023-25th July The United Nations (UN)’s World Drowning Prevention Day is annually observed across the globe on 25th July to highlight the impacts of death by drowning on families and communities and to provide solutions to prevent death by drowning.

  • World Drowning Prevention Day 2023 theme is “Anyone can drown, no one should” and World Health Organisation (WHO) is inviting technical partners to: Do One Thing, Improve One Thing or Add One Thing to improve safety of people in and around water.

25th July 2023 marks the observance of the 3rd World Drowning Prevention Day.
History: 
i.World Drowning Prevention Day was established by the U.N. General Assembly Resolution’s A/RES/75/273  “Global drowning prevention” in April 2021, to spread the awareness on drowning and devise various counteractions to restrain it.
ii.The first World Drowning Prevention Day was marked on 25 July 2021.

Current Affairs- 25 July 2023

Rajya Sabha Chairman reconstituted panel of vice-chairpersons with 50% women ParliamentariansRajya Sabha Chairman Jagdeep Dhankhar appointed 4 women Parliamentarians namely Pilavullakandi Thekkeparambil Usha (PT Usha), Phangnon Konyak, Fauzia Khan and Sulata Deo to the panel of vice-chairpersons.

  • The panel of vice chairpersons has been reconstituted with effect from 17th July 2023. The panel reconstituted before the Monsoon Session contains a total of 8 members, out of which half(4) are women.
  • For the first time in the history of Rajya Sabha, the upper of the Indian Parliament, equal representation has been given to women members in the panel of Vice-Chairpersons.

About Rajya Sabha:
i.Rajya Sabha is the Upper House of the Indian Parliament.
ii.According to article 80 of the Indian Constitution, The total allowed capacity is 250  which includes, 238 elected and 12 appointed members.
iii.30 years is the minimum age required to become a member of the Rajya Sabha.


Rajasthan Introduces India’s First Gig Workers Bill 2023On 21st July 2023, the Rajasthan government introduced India’s first ever Gig workers Bill the ‘Rajasthan Platform Based Gig Workers (registration and welfare) Bill 2023’ to guarantee social security to gig workers.

  • Aggregators, which include food delivery apps and e-marketing platforms, must provide the Rajasthan government with a database of all platform-based gig workers on-boarded or registered with them within sixty days of the Act’s implementation.

Gig worker:
i.Gig worker refers to someone who earns from such activities outside of the traditional employer-employee relationship and who works on a contract.
ii.The term “gig economy” means a general workforce environment, which includes short-term employment, contractual jobs, and independent contractors.
Who comes underAggregators:
Aggregators are individuals or organisations engaging platform-based workers for tasks that include Ride sharing, food and security delivery, logistics, and more.
Penalties for Non-Compliance:
i.It imposes monetary penalties for an aggregator that fails to comply with the Act.
ii.The state government may impose a fine up to Rs 5 lakh for the first offence and up to Rs 50 lakh for subsequent offences.
Welfare Board for Gig Workers:
i.The Bill proposes to form a ‘The Rajasthan Platform Based Gig Workers Welfare Board’ to ensure registration of gig workers and aggregators operating in the state.
ii.The Labour Minister would be the Chairperson of the “Platform Based Gig Workers Welfare Board” which will meet at least once in six months.
Welfare Fee:
i.The bill also aims to set up a Platform Based Gig Workers Fund and Welfare Fee.
ii.The part of the welfare fee will be contributed by the aggregator on the basis of each transaction, or as directed by the state government.
iii.The government also intends to establish a monitoring mechanism to ensure that the Act’s terms are followed as well as the welfare fee is deducted on a regular basis.
Creation of Unique ID:
i.Under this Bill, the gig workers provide a unique ID (Identity Document) which will be applicable across platforms.
ii.The ID will enable such workers to access general and specific social security schemes,and participate in all decisions taken for their welfare through representation in the board.
About Rajasthan: 
Chief Minister – Ashok Gehlot
Governor – Kalraj Mishra
Dances – Ghoomar Dance, Chari Dance,Kachhi Ghodi


HCLTech joins XR Startup Programme with MeitY, Meta
HCL Technology (HCLTech) in Noida,UttarPradesh, has joined the XR Startup Programme, an initiative between Meta and the Ministry of Electronics and Information Technology (MeitY) Startup Hub(MSH) to discover, nurture, and accelerate extended reality (XR) technology start-ups in India.

  • These start-ups will be mentored by the HCLTech professionals through leadership training and the sharing of business and industry viewpoints.

Key points:
i.The XR Startup Program, launched in September 2022, is a joint effort between the MeitY Startup Hub (MSH) and Meta.
ii.Selected startups working on XR technology might receive a grant of up to Rs 20 lakh from the HCLTech.
Note: XR is a broad term to refer to Augmented Reality(AR), Virtual Reality(VR), and mixed reality.

CSIR-IIIM Jammu’s Cannabis Research Project is India’s 1st Cannabis Medicine Project under PPP with a Canadian firmTCannabis Research Project” of the Council Of Scientific And Industrial Research–Indian Institute Of Integrative Medicine (CSIR–IIIM) in Jammu, Jammu & Kashmir (J&K) is the first of its kind Cannabis Medicine Project in India under  Private Public Partnership (PPP) with a IndusCann Limited, headquartered in Toronto, Canada.

  • This project is going on under a scientific agreement between CSIR-IIIM and a Canada based IndusScan. Click Here to Read
  • This information was given by Union Minister of State (Independent Charge) Dr. Jitendra Singh, Ministry of Science & Technology (MoST).

Key Points:
i.The Minister visited Cannabis Cultivation Farm of CSIR- IIIM to get first-hand information about the cultivation practices for Cannabis in the protected area of the institute and research work being carried out on this important plant.

  • It is the first institute to obtain first license for Cannabis cultivation in India.

ii.Through this project, Cannabis, a substance of abuse will be used as a  good for mankind especially for patients suffering from neuropathies, cancer and epilepsy.
iii.This project has the potential to produce those kinds of medicines which have to be exported from foreign countries, and can also produce export quality drugs meant for different kinds of neuropathies, diabetic pains etc.
iv.Due to the prevalence of drug abuse in J&K and Punjab, this project also raise awareness about the various medicinal uses of the abused substance, particularly for patients suffering from malignancies and other diseases.
v.Under a tripartite agreement of CSIR with Department of Biotechnology (DBT) and Indian Council of Medical Research (ICMR), CSIR-IIIM has completed the exploratory research on Cannabis after license for cultivation of Cannabis for scientific purpose was granted by J&K Govt.

  • Presently, CSIR-IIIM has a repository of more than 500 accessions collected from different parts of the country, and are working to provide technology for Cannabis cultivation, and drug discovery.

Vi.Other States like Uttrakhand, Uttar Pradesh(UP), Manipur, Madhya Pradesh(MP) and Himachal Pradesh have started making the policy and rules for use of Cannabis for scientific purposes.
Already approved drugs from Cannabis:
The FDA (Food and Drug Administration) has approved the drugs such as Marilnol/nabilone and Cesamet for treatment of nausea and vomiting, Sativex for neuropathic pain and spasticity, Epidiolex, Cannabidiol for epilepsy and are being used in different countries.


Highlights of Sri Lankan President Ranil Wickremesinghe’s Visit to India from 20- 21st  July 2023Sri Lankan President Ranil Wickremesinghe made an official two-day visit to India from 20- 21st  July 2023. He was welcomed by Union Minister of State (MoS) for External Affairs V Muraleedharan. This marks Wickremesinghe’s first trip to India since he was elected president of Sri Lanka in July 2022.

  • The visit takes place as both countries celebrate the 75th anniversary of the establishment of diplomatic relations in 2023.

The MoU’s exchanged between India and Sri Lanka:
i.Joint Declaration of Intent (JDI) in the field of Animal Husbandry and Dairying
ii.MoU on cooperation in the field of renewable energy
iii.Memorandum of Cooperation for economic development projects in Trincomalee district of Sri Lanka
iv.Network to Network Agreement between NPCI International Payments Limited (NIPL)and Lanka Pay for UPI application acceptance in Sri Lanka
v.Energy Permit for Sampur Solar Power Project
About Sri Lanka:
Prime minister- Dinesh Gunawardena
Capital- Colombo (executive and judicial capital); Sri Jayawardenepura Kotte (legislative capital)
Currency- Sri Lankan Rupee


India signed contract with Bangladesh to Modernize Signalling System of Dhaka-TongiJoydebpur Rail Linei.On July 23, 2023, India and Bangladesh signed a contract for installation of computer based interlocking signalling system for Dhaka-Tongi-Joydebpur rail line at Rail Bhaban, Dhaka.
ii.The project is being implemented under the Line of Credit (LoC) extended by India to Bangladesh.
iii.Bangladesh Railway (BR) has appointed an Mumbai, Maharashtra based Indian company, KEC International Limited, to develop signaling systems for the under-construction 3rd and 4th dual-gauge rail tracks from Dhaka to Tongi and double-line dual gauge from Tongi to Joydebpur.
About Bangladesh:
Prime Minister (PM)– Sheikh Hasina
Capital– Dhaka
Currency– Bangladeshi Taka


Tamil Nadu’s Authoor Betel Leaves received GI TagThe Geographical Indications Registry has issued the Geographical Indication (GI) tag certificate of Tamil Nadu’s Authoor Vetrilai (Authoor Betel Leaves) to Thoothukudi district administration.

  • The betel leaves, locally known as Vetrilai in Tamil, cultivated in the Authoor village of Thoothukudi district, Tamil Nadu (TN) attained the GI tag in April 2023.
  • The tag was facilitated by the Tamil Nadu State Agriculture Marketing Board and NABARD(National Bank For Agriculture And Rural Development) Madurai Agribusiness Incubation Forum(MABIF) and registered in the name of Authoor Vattara Vetrilai Vivasayigal Sangam.
  • This recognition will enable the reach of Authoor betel leaves in both domestic and international markets.

About Authoor Vettrilai:
i.It is cultivated across an extensive area spanning approximately 500 acres of land, encompassing regions like Mukkani, Authoor, Korkai, Suganthalai, Vellakoil, and other Mukkani villages.
ii.The distinct pungency and spiciness of these Authoor betel leaves are attributed to the uniqueness of water in Thamirabarani River, the main irrigation source for the fields here.
Key Points:
i.This leaf is utilized during special occasions such as temple festivals, housewarmings, and weddings and possesses a distinctively spicy and pungent flavour.

  • The other names of Vetrilai are tambulam in Sanskrit, paan in Hindi, tamula pakukilli in Telugu.

ii.It is available in available in three distinct varieties viz. Nattukodi, Karpoori, and Pachaikodi.
iv.The leaves are historically significant, being mentioned in the 13th-Century book ‘The Travels of MARCO POLO (The Venetian)’.

  • Ancient stone inscriptions also highlight the cultural significance of Authoor vettrilai in Tamil culture.       

14th CEM adopted CEM-Hubs initiative for Scaling Low-Carbon Fuel ProductionOn July 21, 2023, The Clean Energy Ministerial (CEM) adopted first-of-its-kind ‘Clean Energy Marine Hubs Initiative (CEM-Hubs)’  for scaling up low carbon fuel production during the 14th Clean Energy Ministerial (CEM14) and 8th Mission Innovation meeting (CEM14/MI-8)  held on July 19-21, 2023 in Goa, India.

  • The CEM14/MI-8 meeting was simultaneously organized by the Bureau of Energy Efficiency (BEE), under the Ministry of Power, and the Department of Science and Technology, Ministry of Science and Technology, in Goa from 19th to 22rd July 2023.
  • CEM was held on the sidelines of 4th G20 (Group of Twenty) Energy Transitions Ministerial Meeting (ETMM) under India’s G20 Presidency in Goa during July 19-20, 2023.

Theme of CEM14/MI-8: Advancing Clean Energy Together
Aim of CEM14/MI-8: To Bring Together The Global Clean Energy Community.
Note: CEM is a partnership project of the world’s key economies working together to accelerate the global clean energy transition.
About CEM-Hubs Initiative:
It is a high-level global forum jointly led by private sector and governments across the energy-maritime areas to promote policies and programs to transform maritime transportation and production hubs for future low-carbon fuels.
Initiation:
CEM-Hubs was officially launched on September 23, 2022 by the International Chamber of Shipping (ICS), the International Association of Ports and Harbors (IAPH), and the Clean Energy Maritime Taskforce, It is initially backed by Canada, Norway, Panama, Uruguay and the United Arab Emirates (UAE).
The initiative is also supported by the International Renewable Energy Agency (IRENA) and the Global Centre for Maritime Decarbonization (GCMD).
Key Points:
i.Its membership includes countries, companies and industry experts.
ii.The CEM-Hubs initiative and progress will be featured at the 28th Conference of Parties to the United Nation Framework Convention on Climate Change (UNFCCC COP28) in Dubai, United Arab Emirates (UAE) from November 30 to December 12, 2023
Reason behind scaling up low carbon fuel production:
i.The maritime industry is not ready for the upcoming surge in low-carbon fuel demand until 2050.
ii.According to the International Renewable Energy Agency (IRENA), the shipping industry will face the responsibility of transporting at least 50% of all traded low carbon fuels by 2050.
iii.The current lack of production centers, suitable vessels, and adequate port infrastructure poses a significant obstacle.
iv. At present, the shipping industry has only tested one ship in the global fleet for transporting liquefied hydrogen, which made a journey from Australia to Japan.

So, through this initiative, maritime value chain will be prepared to cope with the growing need for low-carbon fuels.
About Clean Energy Ministerial (CEM):
Head of Secretariat– Jean-François Gagné
Headquarters– Within the International Energy Agency (IEA) in Paris, France


Skyroot successfully tested its Raman-II Engine at ISRO facility in TNOn 20th July 2023, Skyroot Aerospace Private Limited, Hyderabad (Telangana) -based space startup, successfully tested its Raman-II engine at the Liquid Thruster Test Facility (LTTF) of ISRO(Indian Space Research Organisation) Propulsion Complex (IPRC) at Mahendragiri, Tirunelveli district, Tamil Nadu(TN).

  • The testing was enabled by Indian National Space Promotion and Authorisation Centre (IN-SPACe).

Note: 
This facilitation by ISRO highlights its commitment to support private players, start-ups, and Non-Government Entities (NGEs) in developing India’s space eco-system.
About the Test of Raman-II: 
i.The 10-second duration test achieved the expected performance in terms of start transient, steady state, and shut-off.
ii.The test facility systems demonstrated normal performance during the test, meeting the engine inlet conditions at T0.
iii.The instrumentation systems performed as expected and ensured the accuracy and reliability of the test results.
About Raman-II Engine: 
i.Raman-II engine was designed by Skyroot to generate 820 N(Newton) (Sea Level) and 1460 N (Vacuum) thrust, with a nominal chamber pressure of 8.5 bar absolute.
ii.The engine was manufactured through additive manufacturing techniques.
iii.It uses Mono Methyl Hydrazine and Nitrogen Tetroxide as propellants.
iv.The engine will be installed into the fourth stage of its launch vehicle, Vikram-I.
About Skyroot Aerospace Private Limited:
Co-founder and Chief Executive Officer (CEO)- Pawan Kumar Chandana
Headquarters-  Hyderabad, Telangana
Established in – 2018
About Indian Space Research Organisation(ISRO):
Chairman- S Somanath
Headquarters- Bengaluru, Karnataka
Established on – 15th August 1969


Online Portal Launched to Report Violation of Ban on E-Cigarettes
The Union Health Ministry of India has launched a portal for all states and Union Territories to report the violation of the Sale of E-cigarettes(Electronic Cigarettes) on online shopping sites and in retail shops under the Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Act (PECA), despite a ban on it since 2019.

  • The portal http://www.violation-reporting.in helps to collect information and take swift action on reported violations of the PECA, cigarettes and other Tobacco products act-2003.
  • Electronic cigarettes and similar devices are battery-operated systems that heat a substance (in liquid or solid state), which contains nicotine and often flavours, to create an aerosol for inhalation.
  • They are designed to simulate the act of smoking traditional cigarettes without burning tobacco.

Hungarian GP 2023:Max Verstappen gave Red Bull 12th Successive WinOn 23rd July 2023, RedBull’s Max Verstappen(25 years old) won Formula1(F1) Qatar Airways Hungarian Grand Prix 2023, held in Budapest, Hungary. This victory made the RedBull team win twelve consecutive Formula One races in 2023.

  • Red Bull’s achievement broke the record of McLaren’s 11 wins in 1988
  • This also marks Verstappen’s seventh consecutive win. He completed the race with 26 points
  • Scheduled from 21st July 2023 to 23rd July 2023
  • Held in the track Hungaroring which is of length 4.38km built in the year 1986 with 70 laps

Korea Open 2023: Satwiksairaj Rankireddy and Chirag Shetty Wins Men’s Doubles TitleThe Indian Badminton Players Satwiksairaj Rankireddy and Chirag Shetty won the Men’s Doubles title by defeating Indonesia’s Fajar Alfian and Muhammad Rian Ardianto at the finals of the Korea Open 2023.

  • The Korea Open 2023 marks Chirag and Satwik’s fourth victory following the Swiss Open, Asian Championships and Indonesia Open in 2023.

i.India’s Satwiksairaj Rankireddy has set the Guinness world record for the fastest hit by a male player in badminton with a 565 km/h(351 mph) smash(On controlled environment).
About Badminton World Federation (BWF):
President – Poul-Erik Høyer Larsen
Headquarters – Kuala Lumpur, Malaysia
Established – 1934


Venkaiah Naidu Released the Book  “As the Wheel Turns” in Chennai
On 20th July 2023, Former vice president Venkaiah Naidu released the book titled “As the wheel turns” to mark the Rayala Corporation’s Diamond Jubilee(75th year celebration) in Chennai, Tamil Nadu.

  • The book is authored by Ranjit Pratap, Managing Director of Rayala Corporation.

The book offers a remarkable 50 years journey of Ranjit Pratap’s personal experiences, hardships and triumphs in the world of business.
About Rayala Corporation:
i.Rayala Corporation was founded by Rajagopal Naidu in 1948 as an automotive spare parts and office equipment product company. The headquarters is located in Chennai,Tamil Nadu.
ii.It has now diversified into sectors including arms and ammunition, real estate, organic farming and food processing.


National Mango Day 2023- July 22 
National Mango Day is celebrated annually on July 22 which is dedicated to the nutritious tropical fruit, mango to celebrate its cultural importance, popularity, and versatility in culinary delights.

  • It was started by the National Horticulture Board of India in 1987 as the International Mango Festival to pay tribute to mango.

Key points:
i.The name “mango” originates from the Malayan word “manna,” and the fruit’s seeds have travelled from Asia to various parts of the world, establishing a global presence.
ii.Mangoes share their family, Anacardiaceae, with cashews and pistachios.


National Broadcasting Day 2023 – July 23National Broadcasting Day is annually celebrated on 23rd July in India to commemorate the first radio broadcast in India, commenced form the Indian Broadcasting Company (IBC), a Bombay (now Mumbai, Maharashtra) based private radio station, which came into existence on 23rd July 1927.

  • In June 1923, the Radio Club of Bombay made the first-ever broadcast in India
  • The year 2023 marks the 96th Anniversary of the establishment of the All India Radio (AIR), which was formerly known as IBC.

This day also aims to celebrate the radio, which served as the only broadcasting medium before Television for both News and Entertainment.
About Prasar Bharati:
It is a statutory autonomous body established under the Prasar Bharati (Broadcasting Corporation of India) Act, 1990 and came into existence on 23rd November, 1997
CEO– Gaurav Dwivedi
Headquarters– New Delhi, Delhi


Income Tax Day 2023- July 24 
Income Tax Day or ‘Aaykar Diwas’ is observed annually in India on 24th July
to commemorate the introduction of the provision of Income Tax (IT) in India in the year 1860.

  • The day aims to raise awareness about the significance of taxation and to motivate individuals to contribute to the nation’s development through tax payments.
  • 24th July 2023, marks 164th anniversary of IT Day.

History of Income Tax Day:
i.The IT system was introduced on 24th July 1860, by the then Finance Minister of British India, Sir James Wilson.
ii.The scheme was introduced to compensate for the losses incurred by the government during the revolt of 1857.
Additional information:
In 2023, the IT department achieved 3-crore income tax returns (ITRs) milestone days ahead of the deadline surpassing the 2022 target.
About Central Board of Direct Taxes (CBDT):
Chairman- Nitin Gupta
Headquarters- New Delhi, Delhi
Established- 1963


4 new Chief Justices appointed in the High Courts of Gujarat, Kerala, Telangana and OrissaOn 19th July 2023, Droupadi Murmu, the President of India appointed 4 new Chief Justices (CJ) namely Justice Sunita Agarwal, Justice Ashish Jitendra Desai, Justice Alok Aradhe, Justice Subhasis Talapatra in the High Courts (HC) of GujaratKeralaTelangana, and Orissa respectively.
Note: With this appointmnets, Gujarat HC is the only high court in India with a woman CJ.

Current Affairs – 23 & 24 July 2023

For the 1st time, India hosted the Global Food Regulators Summit 2023 in New DelhiFor the first time, India hosted the Global Food Regulators Summit 2023, held as part of the Group 20 (G20) event, in Manekshaw Centre, New Delhi, Delhi from 20th to 21st July 2023. The summit was organised by the Food Safety and Standards Authority of India (FSSAI).

  • The Union Health and Family Welfare Minister Dr. Mansukh Mandaviya inaugurated the Global Food Regulators Summit 2023 to create a global platform of food regulators to exchange perspectives on strengthening food safety systems and regulatory framework across the food value chain.

i. Food-o-Copoeia, a collection of food category-wise monographs launched at the summit.
ii. The common regulators platform ‘SaNGRAH‘ – Safe food for Nations: Global food Regulatory Authorities Handbook also launched at the summit.


India Chamber of Business and Commerce signs MoA with ICMR to Promote India as Global Hub in Healthcare ManufacturingOn July 20, 2023, India Chamber of Business and Commerce (India Chamber), and Indian Council of Medical Research (ICMR) have signed an Memorandum of Association (MoA) to promote India as global Hub in healthcare manufacturing and delivery, and to build a strong healthcare ecosystem for the future and attract investments in the healthcare sector.

  • The agreement is in the line with creating Institutional arrangement for India Health Dialogue- A national flagship initiative led by India Chamber of Business and Commerce in partnership with ICMR, IMA (Indian Medical Association) and Ministry of Micro, Small & Medium Enterprises (M/o MSME) to transforming healthcare and establishing India-led global supply chain networks.

Signatories:
The MoA was signed by Dr Rajiv Bahl, Secretary of Department Of Health Research (DHR) and Director General of ICMR; and Nitin Pangotra, President and Chief Executive Officer (CEO), India Chamber, at MoMSME in New Delhi, Delhi in the presence of Union Minister Narayan Rane, MoMSME.
Key Points:
i. The partnership promotes international collaborations in innovation and technology, academia-industry partnerships, capacity building, and new innovations in healthcare.
ii. It creates a global platform for investment opportunities and entrepreneurship in India’s healthcare manufacturing and services sector.
iii. It also fill the knowledge gap in the health sector and develop a critical manufacturing ecosystem to make self-reliant in healthcare with world-class Medical Parks and infrastructure.
Notably, the future of healthcare involves digital and smart healthcare delivery, innovation-based high-quality manufacturing, diversification into critical healthcare equipment, medical devices, diagnostics, drug parks, and the application of new technologies. This MoA will cater to this with the application of new innovation and technologies into healthcare system.


Govt extends Atal Beemit Vyakti Kalyan Yojana for 2 Years upto June 2024The Ministry of Labour and Employment, Government of India, has extended the Atal Beemit Vyakti Kalyan Yojana(ABVKY), an unemployment relief scheme, under the Employees’ State Insurance Corporation (ESIC) for two years upto 30th June 2024.

  • According to the gazette notification, the scheme has been extended for a period 1st July 2022 to 30th June 2024 with relaxed eligibility conditions and enhanced rate of relief.
  • This is the third extension since its inception. Previously, the scheme was extended twice from 1st July 2020 to 30th June 2021 and from 1st July 2021 to 30th June 2022 to provide relief to those Insured Persons (IPs) who became unemployed during the COVID-19 pandemic.

About  Atal Beemit Vyakti Kalyan Yojana:
i.On 1st July 2018, the Employees’ State Insurance Corporation (ESIC) launched Atal Beemit Vyakti Kalyan Yojana (ABVKY) scheme (on pilot basis) under the Section 2(9) of Employees’ State Insurance (ESI) Act, 1948. The Scheme aims to provide relief to the Insured Persons (IPs) who have become unemployed (Tenure: 2 years)

  • It was decided to enhance the rate of unemployment relief under the scheme to 50% of wages from earlier rate of 25% along with relaxation in eligibility conditions with effect from 24th March 2020.
  • The waiting period to file the claim was reduced from 90 days to 30 days.
  • IPs are required to have been in insurable employment for at least two years and have contributed for a minimum of 78 days in the contribution period immediately preceding their unemployment.
  • They must have contributed for at least 78 days in one of the remaining three contribution periods within the two years prior to their unemployment.

Additional Info:
Between July 1, 2018 and December 12, 2022 a total of 66,013 employees have availed the unemployment benefits under the Atal Beemit Vyakti Kalyan Yojana, with a disbursement of Rs 87.83 crores.


Union Cabinet Approves Mediation Bill, 2021 & Press & Registration of Periodicals Bill, 2023

On 19th July 2023, the Union Cabinet chaired by Prime Minister Narendra Modi approved the amendments to 2 key bills: The press and Registration of Periodicals Bill, 2023 and the Mediation Bill, 2021, which were re-worked to incorporate suggestions from a Parliamentary panel.

  • The amendments cleared by the union cabinets are largely based on the recommendations made by the parliamentary panel.

Amendment to Mediation Bill 2021:
Mediation Bill, 2021 was introduced in the Rajya Sabha on 20th December 2021 and the Parliamentary Standing Committee was tasked to review the bill.

  • The bill aims to institutionalise mediation and establish the Mediation Council of India.
  • Cabinet approved amendments to the Mediation Bill including reducing the maximum timeline for completing mediation proceedings from 360 to 180 days.
  • Pre-litigation mediation has been made voluntary instead of mandatory.

About the Press and Registration of Periodicals Bill, 2023:
Press and Registration of Periodicals Bill, 2023 aims to remove the provision for prosecution and imprisonment of publishers and simplify the registration process for periodicals.

  • This bill will replace the Press and Registration of Books(PRB) Act 1867’ which governs the registration of the print and publishing industry in India.

NITI Aayog Releases IESS to Access the Impact of Green Energy PoliciesOn 20th July 2023, the NITI Aayog (National Institution for Transforming India) released a Revamped India Energy Security Scenarios (IESS) 2047 (IESS 2047 V3.0) to assess the integrated impact of various green energy policies of Government of India.
Objectives: 
i.IESS 2047 is a user-friendly interactive tool that can help ministries/ departments to develop a variety of energy transition scenarios to achieve net-zero.
ii.The tool helps analyze emissions, cost, land, and water requirements till 2047 by assessing the demand and supply of energy. It provides many permutations and combinations of net-zero pathways.
NITI Aayog and Vasudha Foundation Released the ICED 3.0
On 20th July 2023, NITI Aayog in collaboration with energy and climate think-tank Vasudha Foundation released the India Climate Energy Dashboard (ICED) 3.0 during the 14th Clean Energy Ministerial (CEM) in Goa.

  • The ICED is the country’s one-stop platform for revamped online data center on energy, electric mobility, climate and related economic datasets.

About NITI Aayog:
Chairman- Narendra Modi, Prime Minister
CEO- B.V.R. Subrahmanyam
Established- January 1st, 2015
Headquaters– New Delhi, Delhi
Ist article Source- pib
2nd article Source- sau pib


Kerala gets India’s 1st Construction Innovation Hub in KochiKerala got India’s first Construction Innovation Hub (CIH) that will serve as a platform to promote innovation and entrepreneurship around sustainable and affordable building facilities by encouraging collaboration and knowledge-sharing among the industry stakeholders.

  • The CIH was launched at the Sheltertech Summit, a summit to advance housing and construction innovations, which was organised by the Habitat for Humanity and Kerala Start-up Mission (KSUM) in Chennai, Tamil Nadu.
  • The overall programme management of CIH will be taken care of KSUM, and the CIH is set to be based in Kochi, Kerala, which is also the headquarters of KSUM.

Responsibilities of KSUM:
i.The programme management includes the identification and recruitment of nascent companies.
ii.It also provides them with housing-related technical mentorship and connections, besides programme design and facilitation.
iii.Establishing connections with the Habitat for Humanity India (HFHI), a Georgia (United States of America (USA)) based non-profit organisation, that builds homes and provides housing-related services to low-income families.
Note: HFHI founded in 1976 and functioning in 70 countries.
Benefits of the Hub:
i.CIH, which will serves as a platform to start-ups across India is initially intend to function virtually, gives KSUM a decisive role in setting up a secretariat at the nodal agency to handle its administrative tasks and identify a full-time point-to-contact person for the CIH.
ii.The facility will enable the KSUM to realise start-up space at Kerala Technology Innovation Zone (KTIZ) in Kochi, Kerala, promote events and reach out to target audience.
iii.It will help provide digital platform for KSUM’s innovation lab, collaborate with different government departments to identify pilot projects related to low-income housing as well as construction skilling, its finance and other connects to start-ups/scale-ups as needed.
iv.KSUM will have the power to call for application of start-ups/students/Micro, Small, and Medium Enterprises (MSMEs) and evaluate their initial screening. It can hold road-shows and reverse pitch sessions for the participants to get best start-ups nationally.
v.With the launch of the CIH, KSUM is set to form an advisory council comprising pertinent stakeholders, with early-stage innovators reaching out to college students and conducting challenges and knowledge sessions to promote shelter in the first year.
About Kerala:
Chief minister– Pinarayi Vijayan
Governor– Arif Mohammed Khan
Festival– Thiruvathira, Malayalam month of Dhanu (December-January) and Pooram festival (Mid-April)


Indian Army & TVS motor launched All-women Motorcycle Rally to commemorate 24th Kargil Vijay Diwas
The Indian Army, in partnership with TVS Motors company, launched a Tri-Services All Women Motocycle Rally – ‘Nari Sashaktikaran Motorcycle Rally’ to commemorate 24th Kargil Vijay Diwas and to highlight the brave spirit of women. General Manoj Pande, the Chief of the Army Staff (COAS) flagged off all-women motorcycle rally from the National war memorial, New Delhi on 18 July 2023.

  • The Kargil Vijay Diwas commemorates the victory of Indian Armed Forces against Pakistan on July 26, 1999, as part of Operation Vijay.

i.Rally will cover around 1000 kilometres through Haryana, Punjab, Jammu & Kashmir and Ladakh to reach Kargil War Memorial in Dras, Kargil District, Ladakh on 25 July 2023.
ii.The 25-member strong tri-services team includes two Veer Naris, one of whom is a serving officer, 10 serving Indian Army Women officers, one woman officer each from Indian Air Force and Indian Navy, three women soldiers of Indian Army and eight Armed Forces spouses.
iii. The riders took part in the rally with TVS Ronin motorcycles.


IIT Guwahati Signs MoU with Indian Council of World Affairs
On 19th July 2023, the Indian Institute of Technology Guwahati (IIT-G), Assam has signed a Memorandum of Understanding (MoU) with Indian Council of World Affairs (ICWA), to work together to expand awareness and knowledge on international affairs and Indian foreign policy.

  • The MoU was signed between Professor Parameswar Krishnan Iyer, Officiating Director, IIT Guwahati, and Ambassador Vijay Thakur Singh, Director-General, ICWA. The agreement will be valid for a period of 3 years.
  • The MoU aims to address the challenges and opportunities in the global arena and shared vision of ‘One Earth, One Family, One Future’.
  • It will undertake joint studies on issues of common interest through mutually agreed modalities.

Note: ICWA is India’s premier and oldest think-tank on foreign policy and international affairs.


Indian Bank Launched “Resources Acquisition Centres” to build-up Deposit PortfolioOn 20th July 2023, the Indian Bank, India’s 7th largest Public Sector Bank launched “Resources Acquisition Centre” (RAC) to bolster its retail deposit business portfolio, which encloses Current Deposit, Savings Bank, and Term Deposit accounts.

  • The bank plans to establish 20 RACs at Ultra Potential Centres in Phase-I to strengthen its deposit portfolio. The inaugural ceremony of the first RAC took place in Mumbai, Maharashtra.

Key People:
Mahesh Kumar Bajaj, Executive Director, Indian Bank and SSP Roy, Field General Manager of Mumbai (Maharashtra) Field General Managers Office (FGMO).
Key Points:
i.The dedicated RAC team of responsive and digitally empowered relationship managers will focus on Relationship Banking, aiming to increase existing client relationships and attract potential high-value clients.
ii.The bank will target specific customer segments, such as High Net Worth Individuals (HNIs), Government/Institutional Clients, Salaried Class, Corporates, Business community, Traders, and Pensioners.
iii.The introduction of RACs is expected to deliver significant and innovative results by offering strong Relationship Banking services to both existing and potential high-value clients.
iv.The transformation roadmap of Indian bank focuses on the State-of-the-Art technology, pioneering and customized products/processes, and delivering delightful customer experiences through Relationship Banking.
About Indian Bank:
Incorporated on– March 5, 1907
Started business on– August 15, 1907
MD & CEO– Shanti Lal Jain
Headquarters– Chennai, Tamil Nadu


Madhavarao appointed as CMD of Bharat Dynamics LimitedCommodore A Madhavarao (Retd.) assumed charge as Chairman and Managing Director (CMD) of Bharat Dynamics Limited (BDL), a Public Sector Undertaking (PSU) under the Ministry of Defence (MoD) effective from July 19, 2023. The MoD approved his appointment till the date of his superannuation on April 30, 2026 or until further orders, whichever is earlier.

  • Commodore Siddharth Mishra (Retd), who served as the CMD of BDL from 2019, retired from the post on 31st March 2023.
  • After Siddharth Mishra, P Radhakrishna Director (Production) assumed additional charge CMD, BDL with effect from 1st April 2023 for a period of 3 months. On 8th July Nuka Srinivasulu, Director (Finance) assumed additional charge of CMD, BDL.

About A Madhavarao:
i. Prior to this appointment, A Madhavarao held the position of Director (Technical) with additional charge of Director (Production) in BDL since January 2023.
iiHe served  as Executive  Director (Marketing) at BDL  and  Unit  Head  of  BDL Kanchanbagh Unit in Hyderabad, Telangana.
iii. In BDL, he played a significant role in developing infrastructure in BDL by taking up initiatives to enable BDL towards realization of Government of India’s ‘Atmanirbharta’ (self-reliant India).
iv. Besides BDL, he has had over 3 decades of experience in the Indian Navy.
v. He served as General Manager (Technical) at Naval Dockyard in Visakhapatnam, Andhra Pradesh.
About Bharat Dynamics Limited (BDL):
Incorporated on– 16th July 1970
Chairman & MD– A Madhavarao
Headquarters– Hyderabad, Telangana


Vijay Sampla Resigns as Chairperson of NCSC 
On 18th July 2023, Former Union minister and senior Punjab BJP leader Vijay Sampla resigned from the post of chairperson of National Commission for Scheduled Castes (NCSC).

  • Sampla has been holding the charge of NCSC chairperson since 2021.

i.He served as chairman, for the Khadi and Village Industries Board, Punjab from 2009-12.
ii.He won the 2014 Lok Sabha election from Hoshiarpur in Punjab and was the minister of state for social justice and empowerment from 2014 to 2019.
iii.In April 2022, Sampla was appointed as the chairperson of the NCSC for second time.
Note: The NCSC is a constitutional body,under the jurisdiction of Ministry of Social Justice and Empowerment,Government of India established to safeguard the interests of the scheduled castes (SC) in India.


IAF to get its first Airbus C295 transport aircraft in September 2023
Indian Air Force (IAF) will get its first C-295 transport aircraft in September, 2023 from Airbus and Space S.A., Spain.C295 is replacing Avro transport aircraft that procured in 1960s.

  • The C-295 has a capacity of 9 tonnes and can carry up to 71 troops or 50 paratroopers. IAF will become the largest operator of the C-295.

Key points:
i.In September 2021, the Defence Ministry signed a ₹22,000-crore deal with Airbus and Space S.A., Spain, for procurement of 56 C-295MW transport aircraft to replace the Avro aircraft in service with the IAF. As per contract, 16 aircraft would come in fly away condition, manufactured at the Airbus facility in Seville, and 40 would be manufactured in India by Airbus jointly with  Tata Advanced Systems Limited(TASL).

  • The first aircraft manufactured in India would be delivered in September 2026.

ii.Six IAF pilots and 20 technicians have been trained at the Seville facility, Jorge Tamarit, head of the C295 India programme.


American Singer & Grammy Award winner Tony Bennett  Passes Away On 21st July 2023, legendary pop &  jazz singer and recipient of 19 Grammy awards,  Tony Bennett(Anthony Dominick Benedetto or  Joe Bari) passed away at the age of 96. He was born on 3rd August 1926 in Queens, New York, United States of America(USA).
About Tony Bennett:
He received a Recording Academy (Grammy)’s  Lifetime Achievement Award in 2001. He sold more than 50 million albums worldwide.

  •  In 1999, Bennett and his wife, Susan, founded Exploring the Arts, a nonprofit dedicated to strengthening the role of the arts in public high school education.

Records:

  • In 2014, he made  the album ‘Cheek to Cheek’ in collaboration with Lady Gaga, becoming the oldest living act to reach the top spot in the US, breaking his record for his album Duets II in 2011.
  • In 2021, at the age of 95 years and 60 days, with the release of “Love for Sale,” his second collaboration with Gaga, as it made him the oldest person to launch a new material album, setting a Guinness World Record.

Grammy & Other Recognistion:
i.Out of 19 Grammy awards, Bennett received first Grammy for the song “I Left My Heart in San Francisco,” under two category (for Record of the Year and Best Solo Vocal Performance, Male). Later it was inducted into the Grammy Hall of Fame in 1994.
ii.In 1994, his MTV Unplugged outing won Bennett a Grammy for album of the year
iii.Four of his albums were certified Platinum (given by Recording Industry Association of America (RIAA), including I Left My Heart in San Francisco (1962), MTV Unplugged: Tony Bennett (1994), Duets: An American Classic (2006) and Duets II (2011).
iv.Other albums: ‘Because of You’(1951- first No. 1 hit ), ‘The Art of Excellence’(1986), ‘Perfectly Frank’(1992)
v.’Love for Sale’(2021) was his last studio release.
Note: Platinum is the certification awarded to music albums that have sold more than 1 million copies.
As a painter:

  • The United Nations has commissioned him for two paintings (“Peace” and “Brotherhood”) , including one for their 50th anniversary in 1995.
  • “Homage to Hockney,” is on permanent display at the Butler Institute of American Art (Ohio, USA), and “Boy on Sailboat, Sydney Bay.” in National Arts Club(New York, USA)

As a Democrat:
i.In 1944, Tony Bennett served in the US Army during World War II, fighting in France and Germany.
ii.He was a supporter of the civil rights movement, participating in the 1965 Selma to Montgomery marches.


National Flag Adoption Day 2023 – July 22National Flag Adoption Day is annually observed across India on 22nd July to commemorate the day on which the Constituent Assembly adopted the tricolour flag, in its present form, as the national flag of India in 1947.
The History of the Indian National Flag:
i.Before India’s independence from the British on 15 August 1947, The meeting of the Constituent Assembly held on 22 July 1947 adopted the National Flag of India.
ii.The flag served as the national flag of the Dominion of India between 15 August 1947 and 26 January 1950 and that of the Republic of India thereafter.
Features of India’s tri-colour flag: 
i.The National flag of India is a horizontal tricolour of deep saffron (kesari) at the top, white in the middle and dark green at the bottom in equal proportion.

  • The National Flag was first designed in 1923 by Pingali Venkayya. The initial flag design by Venkayya had only two colours – red  and green. He later added a running wheel to symbolise the progress of the Nation.

ii.In the centre of the white band is a navy blue wheel which represents the chakra.
iii.The chakra is designed after the wheel which is featured on the abacus of the Sarnath Lion Capital of Ashoka.
iv.The diameter of the chakra approximates the width of the white band and it has 24 spokes.
Representations: 
Saffron colour indicates the strength and courage of India
White indicates peace and Dharma Chakra represents truth.
Green represents fertility, growth and auspiciousness of the land.
Nickname: 
In India, the term “Tricolour” or “Tiranga” refers to the Indian national flag.
Ratio: 
The ratio of the width of the flag to its length is 2:3.
Flag Code: 
i.After 55 years of Independence, on 26th January 2002, the flag code of India was modified and allowed the citizens of India to hoist the Indian flag over their homes, offices and factories on any day and not just National days as was the case earlier.
ii.Flag Code of India, 2002, was divided into 3 parts

  • Part I of the Code contains a general description of the National Flag.
  • Part II of the Code is devoted to the display of the National Flag by members of public, private organizations, educational institutions, etc.
  • Part III of the Code relates to the display of the National Flag by Central and State governments and their organisations and agencies.

Note: 
According to the Prevention of Insults to National Honour Act, 1971 whoever destroys or disrespects or into contempt the Indian National Flag or the Constitution of India or any part thereof, shall be punished with imprisonment for a term which may extend to 3 years, or with fine, or with both.


Pi Approximation Day 2023 – July 22  The Pi Approximation Day is annually observed on 22nd July across the globe to honour the importance of the concept of Pi in calculations, which is represented using the Greek letter ‘π’.
Why 22nd July?
i.When the date 22nd July is written in the day/month format (22/7), it looks like the fraction 22/7.
ii.The value of 22/7 approximation to 2 decimal place is 3.14.
Note: Pi Day is annually observed across the globe on 14th March to celebrate the never ending number, which denotes the Pi value when written in the month.date (American calendar system) format (3.14).


World Brain Day 2023- July 22World Brain Day, is celebrated annually across the globe on July 22, to raise awareness about brain health and neurological disorders.2023 marks the 10th Anniversary of World Brain Day, hosted annually on July 22 by the World Federation of Neurology (WFN). 

  • The theme for World Brain Day 2023 is “Brain Health and Disability: Leave No One Behind.”
  • WFN is partnering with the World Federation for Neurorehabilitation (WFNR) to amplify the reach of the 2023 World Brain Day initiative.
  • World Brain Day 2023 will be celebrated on July 22 and it was first observed on 22nd July 2014.

History of World Brain Day:
i.22nd July was chosen as “World Brain Day” to honor the foundation of the World Federation of Neurology (WFN) in 1957 in Belgium and also the crafting of WFN’s 1st constitution.

  • WFN represents over 145 national neurological societies.

ii.The Public Awareness and Advocacy Committee proposed designating the 22nd of July 2014 as “World Brain Day” during the World Congress of Neurology (WCN) Council of Delegates meeting on the 22nd of September 2013.
iii.The approval to celebrate it into a annual event was given by the Board of Trustees of the Public Awareness and Advocacy Committee in February 2014.
World Brain Day is framed by five key aims:
i.Prevention: Brain disabilities can be prevented, treated and rehabilitated.
ii.Awareness: Global brain health awareness can reduce the disability associated with brain disorders.
iii.Access: Universal access to care, treatment, rehabilitation and assistive technology is essential.
iv.Education: Education increases equity for those living with brain disabilities.
v.Advocacy: Brain health is a human right that applies to everyone, everywhere.

Telangana Govt & WEF Launched ‘Saagu Baagu’ Project Phase 1 Insights ReportOn 20th July 2023, the government of Telangana & World Economic Forum (WEF) launches ‘Saagu Baagu’(agriculture advancement) project Phase 1 Insights report in Telangana, Hyderabad. The project aims to provide AI-based agritech services to farmers in Telangana.

  • The WEF report showcases the successful implementation of the pilot project launched through Artificial Intelligence for Agriculture Innovation (AI4AI) benefiting over 7,000 chilli farmers in Khammam district in Telangana.

Implementation of the Project:
The project was initiated in 2022 and is implemented by Digital Green (in consortium with three agritech startups) with support from the Bill & Melinda Gates Foundation.
About the Saagu Baagu project: 
It is a partnership between the Government of Telangana, and the World Economic Forum’s Centre for the Fourth Industrial Revolution (C4IR).
About Telangana:
Chief Minister- K. Chandrashekar Rao
Governor- Dr. Tamilisai Soundararajan
Capital- Hyderabad

Current Affairs- 22 July 2023

Competition (amendment) Act 2023: Power to appoint DG shifted to CCI from MCA The Central Government has implemented a key provision of the Competition (amendment) Act 2023 that vests power of appointment of Director General- DG (Investigation) in the Competition Commission of India (CCI). Concurrently, it also has modified existing recruitment rules Competition CCI (Director General) Recruitment Rules, 2009 to change the composition of the Search-cum-Selection Committee for appointment of DG.
What are the changes?
i.Earlier, the Search-cum-Selection Committee was headed by Secretary, Ministry of Corporate Affairs (MCA). Now, upon the vesting of power in CCI, the Search-cum-Selection Committee will now be headed by Chairperson CCI and will have two Members, one each to be nominated by MCA and Central Government (expert-person of eminence)
ii.The DG would be appointed by CCI out of the Panel (upto three names) recommended by the search-cum-selection committee after obtaining prior approval of the Central Government.

  • So far, the power to appoint DG was vested in the MCA.

Reason behind these amendments:
These changes follow the recommendation of the Competition Law Review Committee (CLRC) which aims to address the issue of the Director General’s direct accountability to the Central Government instead of the CCI.

  • The change seeks to create a clear separation between the regulator’s investigative and other functions in line with international competition regulators’ practices.

When Competition (Amendment) Act, 2023 come into force?
The Amendment Act comes into force on such date as the Central Government may, by notification, in the official gazette specify Different dates may be appointed for different provisions of this Act

  • The Act of Parliament received the assent of the President on the 11th April, 2023.

The Competition (Amendment) Act 2023 – Key Amendments

  • Broadening the scope of anti-competitive agreements
  • Reduction in time-limit for review of M&As from 210 days to 150 days
  • Introduction of Deal Value as another criterion for notifying M&As
  • Limitation Period of 3 years for filing Information(s)
  • Penalty indexed to Global Turnover
  • Introduction of Settlement & Commitment framework for faster market correction
  • Hub-and-Spoke type arrangements brought under the presumptive rule of Appreciable
  • Adverse Effect on Competition (AAEC)
  • Leniency Plus
  • Framing of Regulations after public consultations
  • Issuance of Guidelines
  • Appointment of the Director General by the Commission, with prior approval of
  • Central Government

DPIIT Joined Hands with Gujarat for the ODOP ProgramOn 20th July 2023, One District One Product (ODOP) program, an initiative under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry partnered with the Government of Gujarat in New Delhi, Delhi, with the aim to foster the promotion of the indigenous crafts and artisans of the state.

  • By implementing product tagging and story cards, the aim of the collaboration will be achieved.
  • ODOP-Gujarat presents an extensive array of 68 distinctive products, encompassing a diverse range from traditional crafts (like Gamthi Block print and Mata-ni-Pachedi) to agricultural commodities (like groundnuts and cumin).

Similar Programs in Gujarat:
i.The Government e-Marketplace (GeM) has conducted onboarding drives for Sujani Handloom, Jamnagari Bandhini, and Patan Patola, facilitating their presence on the platform.
ii.The Agate Stone industry in Khambat district(Gujarat) and the Sujani craft from Bharuch district(Gujarat) received essential support through workshops organized in collaboration with the National Institute of Design (NID).
About One District One Product (ODOP) program:
One District One Product Scheme is an initiative that is seen as a transformational step forward towards realizing the true potential of a district, fuel economic growth, and generate employment and rural entrepreneurship, taking us to the goal of AtmaNirbhar Bharat.

  • In India, Uttar Pradesh government was the first state of India to launch the concept of One District One Product in 2018.

About Gujarat:
Chief Minister- Bhupendrabhai Patel
Governor – Acharya Devvrat
Capital – Gandhinagar, Gujarat


India-Japan Sign MoC for Semiconductor Supply-Chain PartnershipOn 20th July 2023, India and Japan signed a memorandum of cooperation (MoC) for a semiconductor supply-chain partnership for government-to-government and industry-to-industry collaboration.

  • The agreement was signed between Ashwini Vaishnaw, Union Minister for Electronics and Information Technology(MeitY) and Yasutoshi Nishimura, Japan’s Minister of Economy, Trade and Industry (METI) in New Delhi, Delhi.

The MoC helps India to become a global hub for the semiconductor industry and provides access to Japanese technology, which helps India to develop its own semiconductor industry.
The outcome of the MoC:
i.The MoC signed between India and Japan will cover the semiconductor industry, including design, manufacturing, equipment research, talent development, and enhancing supply chain resilience.
ii.An implementation organization will be created to facilitate government and industry collaborations.
Additional information:
i.Rapidus Corporation, a semiconductor manufacturer established in August 2022 in Tokyo, Japan will be one of the contributors to this cooperation.
ii.It brings along Japanese companies, including Denso, Kioxia, MUFG Bank, Nippon Electric Company, Ltd (NEC), Nippon Telegraph and Telephone Public Corporation(NTT), SoftBank, Sony, and Toyota.
iii. Japan is one of the five leading countries with a well-developed semiconductor ecosystem.
Points to be noted :-

  • The Indian cabinet has given approval for American based Micron Technology’s plan to launch a USD 2.7bn semiconductor testing and packaging unit.
  • The Production Linked Incentive(PLI scheme) of India – ‘Modified Programme for Semiconductors and Display Fab Ecosystem’ – was announced in December 2021 with a total outlay of Rs.76,000 crore.

About Japan:
Prime Minister- Fumio Kishida
Capital- Tokyo
Currency-Japanese yen


DAHD implemented Credit Guarantee Scheme under AHIDF for Livestock SectorOn July 20, 203, the Department of Animal Husbandry & Dairying (DAHD), Ministry of Fishries, Animal Husbandry and Dairying(MoFAH&D), has launched the first ever Credit Guarantee Scheme for Livestock sector.

  • The scheme under the  Animal Husbandry Infrastructure Development Fund (AHIDF) aims to to strengthen the credit delivery system and ensure smooth access to collateral-free credit for Micro, Small & Medium Enterprises (MSMEs) in the Livestock sector.

To make the scheme operational, DAHD has set up a Credit Guarantee Fund Trust worth Rs. 750 crores which will offer credit guarantee coverage of up to 25% for the credit facilities extended to MSMEs by eligible lending institutions.
Key Objective of Scheme:
The lender should give importance to project viability and secure the credit facility purely on the basis primary security of the assets financed.
Key Features:
i.Interest Subvention of 3%
ii.Loan up to 90% of the total project cost from any Scheduled Bank, National Cooperative Development Corporation (NCDC).
iii.This scheme aims to facilitates finance access for underserved livestock sectors, benefiting first-generation entrepreneurs and underprivileged individuals without collateral security. It is expected to boost MSME participation in the livestock sector, increasing credit flow and strengthening rural economies,
About Credit Guarantee fund Trust:
In March 2021, DAHD has formed this trust with NABSanrakshan Trustee Company Private Limited, a wholly owned subsidiary of NABARD (National Bank For Agriculture And Rural Development) for extending the credit guarantee to MSMEs under Rs 15000 crores AHIDF scheme.

  • It is India’s first ever fund trust under Credit guarantee scheme of AHIDF in the agriculture and Animal Husbandry sector

It incentivizes investments by individual entrepreneurs, private companies, MSMEs, Farmers Producers Organizations (FPOs) and Section 8 companies to establish the following:

  • Dairy processing and value addition infrastructure
  • Meat processing and value addition infrastructure
  • Animal Feed Plant
  • Breed Improvement technology and Breed Multiplication Farm
  • Animal Waste to Wealth Management (Agri Waste Management)
  • Setting up of Veterinary Vaccine and Drugs Manufacturing facilities.

FSSAI & AOAC INTERNATIONAL signed MoU to Enhance Food Safety Analytical Ecosystem in IndiaThe Food Safety & Standards Authority of India (FSSAI), a statutory body under the Ministry of Health & Family Welfare, and AOAC INTERNATIONAL, a global organization that advances food safety, food integrity, and public health, signed a Memorandum of Understanding (MoU) to collaborate and increase the food safety analytical ecosystem in India.

  • The MoU marks the joint commitment of both FSSAI and AOAC to work towards achieving common objectives for the advancement of food safety standards and analytical practices in India.

Key People:
The MoU was signed at the FSSAI headquarters in New Delhi, Delhi, in the presence of  G. Kamala Vardhana Rao, Chief Executive Officer (CEO) of FSSAI; Satyen Kumar Panda, Advisor (Quality Assurance) of FSSAI;  Shrinvas Joshi, President, AOAC-India Section; Dr. Ganesh Ramamurthi – President-Elect, AOAC-India Section and Dr. Saurabh Arora – Director, AOAC-India Section.
Objectives:
i.The collaboration aims to promote Uniform Testing Methods across India, and ensures setting up of strong analytical systems to meet the needs of food testing laboratories.
ii.FSSAI will be granted free access to AOAC Official Methods and sharing the Indian food safety ecosystem access to globally recognized testing methods.
iii.Both organizations will actively collaborate in the development and validation of analytical methodologies, ensuring accuracy and reliability in food testing practices.
Significance:
i.The partnership between FSSAI and AOAC INTERNATIONAL is of the utmost importance for India’s food safety landscape.
ii.FSSAI aims to increase its analytical capabilities and align with international best practices, ultimately strengthening the food safety ecosystem in India by supporting AOAC’s globally recognized expertise and standards.
Key Points:
i.Critical aspects such as food testing analysis, method sharing, method development, and method validation are covered under this collaboration.
ii.Both FSSAI and AOAC will jointly work together to advance the adoption of AOAC Official Methods in FSSAI-notified laboratories, promoting better food safety practices and ensuring the availability of safe and wholesome food for human consumption.


Ministry of Culture & Indian Navy signed a MoU to revive the ancient stitched shipbuilding method
On 18th July 2023, The Ministry of Culture and the Indian Navy signed a Memorandum of Understanding (MoU) to revive and maintain the 2000-year-old ancient stitched shipbuilding method known as the Tankai method. The project aims to leverage the expertise of the remaining traditional shipwrights in India and showcase their exceptional craftsmanship.

  •  It also aims to revive the rich maritime heritage among Indian citizens and also aims to promote cultural memories among the Indian Ocean coastal countries.

Ships built by stitching together wooden planks provide flexibility and durability, making them less vulnerable to damage from shoals and sandbars rather than nails.


CEC Rajiv Kumar participated in the 11th A-WEB Executive Board Meeting held in Colombia Rajiv Kumar, Chief Election Commissioner (CEC) led the 3 member delegation from the Election Commission of India (ECI) to participate in the 11th meeting of the Executive Board of the Association of World Election Bodies (A-WEB) in Cartagena, Colombia from 10th to 14th July 2023.

  • The ECI delegation included Manoj Sahoo, Deputy Election Commissioner and Anuj Chandak, Joint Director.
  • on 13th July 2023, the  National Civil Registry, Colombia organised an international conference on the theme “A global view on the challenges of regional elections 2023” will bring together representatives from the 19 Executive Board Members and the 2 Oversight and Audit Committee Members.
  • As a global association, A-WEB plays a critical role for Election Management Bodies (EMBs) to work on challenges like fake narratives derailing election integrity worlwide.

Agendas proposed in the meeting:
iThe participants at the Executive Board meeting discussed various agenda items including the programmes and activities to be undertaken by A-WEB during 2023-24, the annual progress report of A-WEB & its regional offices including A-WEB India Centre, budget and membership related matters amongst others.
ii. ECI proposals:

  • Setting up an A-WEB portal to serve a as repository of electoral best practices and initiatives taken by member EMBs in various aspects of electoral management.
  • Establishing A-WEB Global Awards for EMBs who make significant contribution and take important initiatives in the democratic processes. Both the proposals were approved by the Executive Board.

Additional Info:
Meantime, on the side line, a bilateral meeting on ECIs Electronic Postal Ballot System was also held with the National Election Commission (NEC) of the Republic of Korea (South Korea).

  • In 2012, India and South Korea had signed a Memorandum of Understanding (MoU) for establishing a mutually cooperative relationship in the field of election administration.
  • As per the MoU, both countries are supposed to establish a mutually cooperative relationship in the field of election administration.

Note: In March 2023, NEC participated in the 3rd International Conference on ‘Inclusive Elections and Elections Integrity’ organised by ECI under the supervision of ‘Democracy Cohort on Elections Integrity’.
India A-WEB Centre:
iIn September 2019, at a meeting of the A-WEB Executive Board held in Bengaluru, an India A-WEB centre was also established in New Delhi, Delhi.
ii. It was established for documentation and research for sharing the best practices and training and capacity building of officials of A-WEB members, including a journal titled ‘A-WEB India Journal of Elections.’
iii. The ECI is responsible for providing all the necessary resources for the India A-WEB Centre.
Note: ECI assumed control over as Vice-Chairperson of A-WEB for 2017-19 term; as Chair for 2019-22 term and is currently a member of its Executive Board for 2022-24 in its capacity as immediate former Chair of A-WEB
About Association of World Election Bodies (A-WEB):
The Association of World Election Bodies is the largest association of Election Management Bodies (EMBs) worldwide with 119 EMBs as Members & 20 Regional Associations/Organisations as Associate Members.A-WEB launched in the Republic of Korea in October 2013 is the largest international organization of Election Management Bodies (EMBs).
It currently comprises 121 EMBs from 111 countries.
Chairperson– Mosotho Moepya (Electoral Commission of South Africa)
Secretary General– Dr. In-sik Jang
Headquarters– Songdo, Incheon, Republic of Korea


UAE becomes 1st Arab Country to get Observer Status at Asia/Pacific Group on Money LaunderingThe United Arab Emirates (UAE) has become the first Arab country to be granted observer status of the Asia-Pacific Group on Money Laundering (APG), the largest Financial Action Task Force-style regional body (FSRB) in the world. The decision was made at the APG’s 2023 Annual Meeting and Technical Assistance and Training Forum held in Vancouver, British Columbia, Canada from 9-14 July 2023.
The meeting was attended by a UAE delegation led by Hamid Al Zaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter-Terrorism Financing (EO AML/CTF).
About APG plenary Meeting: 
The meeting was co-chaired by Associate Assistant Deputy Minister of Finance Julien Brazeau of Canada’s Department of Finance and Deputy Commissioner Ian McCartney of the Australian Federal Police.
Key Outcomes of the meeting: 

Key points:
iThe UAE was named to the Financial Action Task Force list in 2022. The list denotes countries that are working to address “strategic deficiencies” with regard to money laundering and illicit financing, which the UAE has displayed via its participation in Middle East and North Africa Financial Action Task Force (MENAFATF).
ii. The APG’s 2023 Annual Meeting and Technical Assistance and Training Forum was also attended by some major organisations like International Monetary Fund, World Bank, The Asian Development Bank etc.,
About About Asia-Pacific Group on Money Laundering(APG):
Founded in– 1997
Executive Secretary– Dr Gordon Hook
Memebers– 41 active members
Headquarters– Sydney, Australia


SEBI Expands Scope of ESG Investing, Allows Six New Strategies for Mutual FundsOn 20 July 2023,  Securities and Exchange Board of India(SEBI), the regulator of securities market, through a circular allowed Asset Management Companies(AMC) to introduce six new strategies under the Environmental, Social and Governance (ESG) category.

  • Currently, mutual funds are restricted to offer only one scheme with ESG investing under the thematic category for equity schemes.
  • The six sub-categories to the ESG theme, namely exclusion, integration, best-in-class and positive screening, impact investing, sustainable objectives, and transition-related investments.
  • The move aims to accommodate the growing demand for green financing.

Six new strategies:
i.Exclude’ securities based on specific ESG-related activities, business practices, or segments, with characteristics like adverse impact, controversy, or faith-based criteria.
ii.‘Integration themed funds consider ESG-related factors alongside traditional financial factors when making investment decisions.
iii.Best-in-class & Positive Screening’ strategy aims to invest in companies outperforming peers on ESG-related performance metrics.
iv.‘Impact investing seeks a positive, measurable social or environmental impact alongside a financial return, with fund managers detailing the methodology used and monitoring non-financial impacts.
v.‘Sustainable objective funds invest in sectors, industries, or companies expected to benefit from long-term macro or structural ESG-related trends.
vi.‘Transition or Transition Related’ schemes focus on companies supporting environmental transition and just transition.
Mutual funds will be required to clearly disclose the name of the ESG strategy in the name of the respective ESG fund or scheme.
Criteria:
SEBI introduced a more comprehensive framework for ESG rating called ‘BRSR Core’ (Business Responsibility and Sustainability Reporting Core) to establish the basic criteria and metrics that companies need to disclose and comply with to receive an ESG rating.

  • SEBI has issued a mandate for ESG schemes, requiring them to invest a minimum of 65% of their Assets Under Management (AUM) in listed entities(against present 80%) that provide assurance on the BRSR (Business Responsibility and Sustainability Reporting) Core. The remaining AUM of the scheme can be invested in companies with BRSR disclosures. This requirement will come into effect from October 1, 2024.
  • If there is a change in Environmental, Social, and Governance Rating Provider(ERP), the reason for such a change must be disclosed in the next monthly portfolio statements of ESG schemes.

Note: BRSR or Business Responsibility and Sustainability Report requires listed companies in India to disclose information under the nine principles of the National Guidelines on Responsible Business Conduct.


India voluntarily contributes USD 1 million to UN for promoting use of Hindi language in the UN
India contributed USD 1 million as part of a voluntary contribution to the United Nations (UN) towards expansion of usage of the Hindi language in the UN and to encourage inclusive dialogue and understanding.

  • Ruchira Kamboj, Permanent Representative of India to the UN handed over a cheque of USD 1 million to Ms. Melissa Fleming, Under Secretary General of the UN Department of Global Communications.
  • Hindi@UN project, in collaboration with the UN Department of Public Information of the UN, was launched in 2018, with the goal of increasing the public outreach of the UN in the Hindi language, and spreading greater awareness about global issues among millions of Hindi-speaking people around the world.
  • The Hindi UN News website remains in the top ten in internet search engines with 1.3 million annual impressions.

REC inks MoU with Avaada Group to invest Rs 20,000 crore over 5 YearsOn July 20, 2023, Avaada Group signed a Memorandum of Understanding (MoU) with REC Limited (formerly Rural Electrification Corporation Limited) under which the latter will invest Rs 20,000 crore in Avaada Group over the next five years.

  • This MoU was inked on the sidelines of  the 4th meeting of the G20(Group of 20) Energy Transition Working Group (ETWG) in Goa.

About MoU:
i.Avaada will utilize this investment in leading innovative renewable energy projects across India which include green hydrogen and its derivatives, solar photovoltaic (PV) manufacturing, and an assortment of solar, wind, and hybrid projects.
ii.The MoU also aligns with the vision of ‘Atmanirbhar Bharat’ and the Green Hydrogen Mission, to drive India’s energy transition growth.
Key points:
i.REC has provided support to Avaada, either directly or via the KfW Development Bank and World Bank line to transform India’s renewable energy landscape, and establishing Avaada as a significant player in the global effort to combat climate change.
ii.Recently, Avaada completed a funding round of $1.3 billion, inclusive of a $1 billion investment from the Canadian asset management fund, Brookfield.

  • This funding is aimed at boosting its green hydrogen and derivative business, with an additional contribution of $300 million from Thailand’s GPSC, part of the PTT Group.

About REC Limited (formerly Rural Electrification Corporation Limited):
REC limited is a Navratna company under the administrative control of the Ministry of Power.
Chairman and Managing Director– Vivek Kumar Dewangan
Establishment– 1969
Headquarters– Gurugram, Haryana


Ministry of Coal won “Best Engagement” Award for Procurement through GeM PortalMinistry of Commerce and Industry awarded the Ministry of coal under the “Best Engagement” category for its achievements on e- procurement through Government e Marketplace (GeM).
The Ministry has consistently performed well on the GeM portal for 2 consecutive financial years.
Key Points:

iii. During the period 10th to 16th July 2023, high value tenders worth Rs.5,372.60 crore have been published on GeM portal.

Other Awards:


Nivruti Rai Appointed as MD & CEO of Invest IndiaOn 12th July 2023, Former Intel India country head Nivruti Rai has been appointed as the Managing Director(MD)  & Chief Executive Officer (CEO) of Invest India,succeeding Manmeet K Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) ,who had been serving as additional charge of MD & CEO ad-interim in March 2023.
About Nivruti Rai:
i.Born in Uttar Pradesh in November 1969, Nivruti Rai is the recipient of the prestigious Nari Shakti Puraskar in 2022 for her remarkable contributions to the field of technology by President Ramnath Kovind.
ii.Previously she served at Intel for 29 years as a global business and technology leader and led Intel India as Country Head for the past seven years.
About Invest India:
i.Invest India is an investment promotion agency, whose aim is to facilitate investors looking to invest in India. It is headquartered in New Delhi, Delhi.
ii.It was set up in 2009 as a non-profit venture under DPIIT, Ministry of Commerce and Industries.
iii.It also plays a role in executing the government’s flagship initiatives including Make in India, Startup India, and National Single Window System.


Rajay Kumar Sinha appointed as MD & CEO of SBI Capital Markets Limited
Rajay Kumar Sinha, has been appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of SBI Capital Markets Limited (SBICAPS), one of the oldest investment banks in India, effective from July 14, 2023.

  • Rajay Kumar Sinha succeeded Amitava Chatterjee, who moved to SBI Corporate Centre as Deputy Managing Director, in charge of Commercial Clients Group.

About Rajay Kumar Sinha:
iRajay Kumar Sinha joined SBI as Probationary Officer (PO) in 1991.
ii. He is Deputy Managing Director at SBI, Corporate Centre, Mumbai, Maharashtra.
iii. Prior to this appointment, Rajay Kumar Sinha held the position of overseeing Treasury operations of SBI, managing the bank’s investment portfolio, money market, equity, private equity, and forex operations.
About SBI Capital Markets Limited (SBICAPS):
SBICAPS, a wholly owned subsidiary and investment banking arm of State Bank of India (SBI).
It is registered with Securities and Exchange Board of India (SEBI) as a category I Merchant Banker and a Research Analyst.
Incorporated in– 1986
MD&CEO– Rajay Kumar Sinha
Non-Executive Chairman– Dinesh Kumar Khara
Headquarters– Mumbai, Maharashtra


Sat Pal Bhanoo appointed as MD of LIC; succeeds Siddhartha Mohanty
Sat Pal Bhanoo has been appointed as the Managing Director (MD) of Life Insurance Corporation of India (LIC) with effect from the date of assumption of charge of office and up to the date of his superannuation on 31st December 2025 or until further orders, whichever is earlier.

  • He succeeds  Siddhartha Mohanty, who was appointed as the Chairman of LIC in April 2023.
  • Sat Pal Bhanoo is currently serving as the Additional Zonal Manager (In-Charge), LIC’s zonal office in Bhopal, Madhya Pradesh(MP).
  • Now, LIC has 4 MDs: Sat Pal Bhanoo, Mini Ipe; M Jagannath and Tablesh Pandey.
  • In June 2023, MP Tangirala,Additional Secretary in the Department of Financial Services, Ministry of Finance, was appointed as Government Director of LIC replacing Suchindra Misra.

Note:

  • LIC has decided to phase out the chairman post to align with other publicly traded corporations.
  • Siddhartha Mohanty will serve as the chairman of LIC till June 2024 and after that he will take charge as the first CEO of LIC for the term from June 2024 to June 2025.
  • The 4 MD’s of LIC will be reporting to the CEO.

Indian GM Praggnanandhaa Becomes Champion at Super GM chess tournament in HungaryOn 19th July 2023, Young Indian Grandmaster (GM) R Praggnanandhaa (17) became champion at the V Geza Hetenyi Memorial Super Grandmaster Chess Tournament 2023 in Budapest, Hungary.

  • In the final round, he secured a draw against Polish GM Radoslaw Wojtaszek with the white pieces.

Note: The inaugural edition of V Géza Hetényi Tournament was organized by GM FT Attila Czebe in Budapest, Hungary from 11th to 18th July 2023.
The opponents:
Praggnanandhaa posted 5 wins, drew 3 games and had 1 defeat in the fifth round at the hands of Amin Tabatabaei.
i.Praggnanandhaa scored wins over Sanan Sjugirov(Russia), Parham Maghsoodloo (Iran), Adam Kozak (Hungary) and Peter Prohaszka (Hungary).
ii.He drew his last three games, against Pavel Eljanov (Ukraine), Maxim Matlakov (Russia) and Radosław Wojtaszek (Polish).
Note: Praggnanandhaa’s live rating is now 2707.3, making him currently the world no.31.
Prize: 
The inaugural edition of this Super GM Round-Robin tournament has a total prize fund of €10700. The top three prizes are €5000, €2500 and €1500 each respectively.


UP Govt Launched Portal to Process E-Vehicle Subsidy
On 19th July 2023, the Governent of Uttar Pradesh(UP) launched a Electric Vehicle (E-vehicle or EV) subsidy portal (https://upevsubsidy.in/) to enable citizens to apply online for subsidy available on purchase of EV in UP. As per the UP government policy, buyers can apply online for EV subsidies for vehicles bought after October 14, 2022.

  • The development and maintenance of the portal have been assigned to UPDESCO (Uttar Pradesh Development Systems Corporation Ltd)
  • Under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy, 2022, permission has been granted for the implementation of the Purchase Subsidy Promotion Scheme with conditions. The scheme is effective from October 14, 2022 to October 13, 2023.
  • On purchase of any single vehicle across vehicle segments, subsidy on EVs will be payable to individual beneficiaries (buyers) and purchase subsidy will also be payable to aggregators or fleet operators (buyers), so that a unit can avail subsidy for a maximum of 10 vehicles across vehicle segments.
  • The subsidy amount will be 50% of the total subsidy for buyers purchasing EVs without batteries.
  • For 2-wheeler EVs, the subsidy will be Rs 5,000/ vehicle for the first two lakh purchases, not exceeding 15% of the ex-factory cost. For 4-wheeler EVS, the subsidy will be Rs 1 lakh/ vehicle for the first 25,000 purchases, not exceeding 15% of the ex-factory cost.

*******

Current Affairs – 21 July 2023

Union Cabinet Approves Mumbai based NITIE as 21st IIM of IndiaOn 12th July 2023, the Union Cabinet chaired by the Prime Minister Narendra Modi approved a bill amending IIM Act to include the National Institute of Industrial Engineering (NITIE) in Mumbai as the 21st Indian Institute of Management (IIM).The amendment will rename NITIE Mumbai as IIM Mumbai .

  • Maharashtra is set to become the first state to have two IIMs, which includes IIM Nagpur, established by the Government of India in 2015, and newly designated IIM Mumbai.
  • The approved bill to be passed in the monsoon session of Parliament, which is set to take place from July 20 to August 11, 2023.
  • NITIE Mumbai was established in 1963 with the support of the United Nations Development Programme(UNDP)and the International Labour Organization(ILO) to create Skilled professionals.

Gujarat Govt Signed MoU with OneWeb to Setup India’s First Private ‘Satellite Network Portal Site’On 19th July 2023, the Gujarat government signed a Memorandum of Understanding (MoU) with OneWeb, a London-based Company, and Gujarat Government’s Department of Science and Technology, for setting up India’s First Private ‘Satellite Network Portal Site’ in Gujarat.

  • This project under Digital India, aims to provide affordable internet access to villages, district panchayats, local administrative bodies, government departments, and other entities throughout India.

Key people:
The MoU was signed by Vijay Nehra, Secretary, the State Department of Science and Technology, and Rahul Vatts, Director of OneWeb India Communication Pvt. Ltd. in the presence of Gujarat’s Chief Minister(CM) Bhupendra Patel.
Outcome of the MoU:
i.OneWeb will establish one of the two private ‘satellite network portal sites’ in two villages in Jotana taluka of Mehsana district of Gujarat.
ii.The satellite network portal in Katosan and Tejpura, Jotana taluka, Gujarat, is scheduled to launch in 2023 with an estimated cost of over Rs. 100 crores for its Phase-1.
iii.The satellite network portal site, which will be located in Jotana taluka of Mehsana district, plans to provide high-speed, low-latency, and affordable connectivity to the government, businesses, consumers, schools, and other institutions.
Note: Under this, two Satellite Network Portals (SNPs) are being set up in India, one in Gujarat and the other in Tamil Nadu through OneWeb.
OneWeb:
i.OneWeb is a Low Earth Orbit (LEO) satellite company with 648 satellites, aiming to build a global communication network.
ii.Unlike traditional geostationary satellites located 36,000 km above the equator, OneWeb uses LEO satellites to provide broadband Internet access, resulting in lower latency of less than 100 ms compared to GEO-based networks with latencies of 500-700 ms.
Note: This technology is already operational in Europe and Canada.
About Gujarat:
Governor- Acharya Devvrat
Capital- Gandhinagar
Folk dance- Garba, Dandiya, Bhavai


NABARD’s 42nd Foundation Day 2023- 12th JulyOn July 12, 2023, the National Bank for Agriculture and Rural Development (NABARDcelebrated its 42nd Foundation Day. Amit Shah, the Union Home Minister and Minister of Cooperation was the chief guest of the event  held at Pragati Maidan in New Delhi, Delhi.

  • The day was marked by a series of events throughout the country,  including a webinar on the theme of “NABARD: 42 Years of Rural Transformation.”

The webinar was addressed by the Union Minister of Agriculture and Farmers’ Welfare, Narendra Singh Tomar, who highlighted the important role that NABARD has played in the development of rural India by enhancing agricultural production, developing infrastructure, and fostering financial inclusion.
At the event:

  • Amit Shah distributed Micro-Automated teller machine(ATM) and Rupay Kisan Card to the dairy farmers of milk societies of Banaskantha and Panchmahal districts of Gujarat Central Co-operative societies.

Key people:
Minister of State for Finance Dr. Bhagwat Kishanrao Karad, Secretary, Gyanesh Kumar, Ministry of Cooperation, and Chairman of NABARD K.V.Shaji were present during the event.
Achievements of NABARD:
i.NABARD has launched credit delivery mechanism like Kisan Credit Card (KCC), Joint Liability Group (JLG) , Self Help Groups (SHG) , Banking Correspondents, improving the rural infrastructure through Rural infrastructure development fund (RIDF), improving the financial health of co-operative banks & Regional Rural Banks (RRB) etc.
ii.Through capital formation NABARD has amounted Rs. 8 lakh crore to the rural economy.
iii.It has reduced the short-term loan for agriculture finance of Rs.896 crore in 1982 to Rs.1.58 lakh.
iv.It has increased  the long term agriculture loan in 1982 which amounted to Rs 2300 crore to Rs 1 Lakh crore.
v.It has financed 13 million metric ton capacity warehouses 1 crore self-help groups hin India.
vi.NABARD has about 7000 Farmer Producer Organisations (FPO)which ensures farmers to get remunerative prices for their produce.
vii.Under NABARD, the Cooperative Development Fund(CDF) established in 1992-93 with Rs 10 crore has increased to Rs 293 crore.
viii.NABARD has refinanced Rs.12 lakh crore to the rural agricultural economy to meet the needs of agriculture and farmers and to strengthen and diversify agri-production and Rs 20 lakh crore in the rural economy with a growth rate of 14%.
About NABARD:
i.NABARD is a development bank focussing primarily on the rural sector of the country by providing finance for Agriculture and rural development.
ii.It came into existence on 12 July 1982 by transferring the agricultural credit functions of Reserve Bank of India (RBI) and refinance functions of the then Agricultural Refinance and Development Corporation (ARDC).
iii.It is a statutory body established under Parliamentary act-NABARD Act, 1981.
Founded in – 12 July 1982
Chairman – K.V.Shaji


3rd G20 FMCBG Meeting under India’s Presidency held in Gandhinagar, Gujarati.On July 17-18, 2023, the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) 2023 meeting under the Indian Presidency was held in Gandhinagar, Gujarat. It was jointly chaired by Union Minister Nirmala Sitharaman, Ministry  of Finance, and Reserve Bank of India (RBI) Governor Shaktikanta Das.
ii.The meeting concluded with a G20 Outcome Document and Chair’s Summary comprising 26 paragraphs and 2 Annexures.
iii.This FMCBG meeting was preceded by the 3rd G20 Finance and Central Bank Deputies (FCBD) meeting during 14-15 July 2023 in Gandhinagar.
iv.The member also endorsed new G20 2023 Financial Inclusion Action Plan (FIAP) for the three years 2024-26. It aims to advance financial inclusion of individuals and Micro, Small & Medium Enterprises (MSMEs) in G20 and beyond by focusing on promoting technological, innovations and digital infrastructure including DPI.
v.During the meeting, the Indonesian Finance Minister Sri Mulyani Indrawati and her Indian counterpart Nirmala Sitharaman jointly inaugurated the India-Indonesia Economic and Financial Dialogue (EFD) to enhance collaboration on bilateral and international economic and financial matters.
About Ministry of Finance:
Union Minister – Nirmala Sitharaman (RajyaSabha- Karnataka)
Minister of State (MoS) – Pankaj Chaudhary
Departments under the MoF – Department of Expenditure; Department of Economic Affairs (DEA); Department of Revenue; Department of Financial Services; Department of Investment and Public Asset Management (DIPAM) & Department of Public Enterprises.


India and the US jointly launched a call for proposals on Critical and Emerging Technology
On 18th July 2023, India and the United States of America (US) jointly launched a call for proposals on “Critical and Emerging Technology: Quantum Technologies and Artificial Intelligence for Transforming Lives“. The program was designed by the Indo-US Science and Technology Forum (IUSSTF) and the Secretariat for USISTEF.

  • The objective is to promote technology innovation and entrepreneurship in commercially viable and socially relevant areas.
  • US Secretary, Department of Energy, Ms Jennifer M. Granholm and Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space Dr Jitendra Singh made  a discussion on bilateral collaboration between the two countries.
  • The program worth USD 2million launched under the US-India Science and Technology Endowment Fund (USISTEF) for the joint development and commercialization of Artificial Intelligence (AI) and quantum technologies, and encouraged public-private collaborations to develop high performance computing (HPC) facilities in India.
  • The call will remain open till August 31, 2023 and will invite joint Indo-US technology innovation and entrepreneurial proposals that are commercially viable and socially relevant.
  • It will provide a prominent boost to the domestic as well as the US priorities looking at various facets of the United Nations Sustainable Development Goals (SDG).

Note  – India has recently approved the National Quantum Mission (NQM) with an aim to seed, nurture and scale up scientific and industrial R&D and create a vibrant & innovative ecosystem in Quantum Technology (QT).


Highlights of Defence Minister Rajnath Singh’s 3 day visit to Malaysia from 9th to 11th July 2023Defence Minister Rajnath Singh went to Kuala Lumpur, Malaysia on a three-day official visit to Malaysia from 9-11 July 2023, with a focus on further combining bilateral defence cooperation and Enhanced Strategic Partnership between India and Malaysia.
He discussed the roadmap for the 4th Decade of India-Malaysia Defence Cooperation with Malaysian counterpart Mohamad Hasan in Kuala Lumpur (Malaysia).
He inaugurated Hindustan Aeronautics Limited (HAL) regional office in Kuala Lumpur, Malaysia.
Rajnath Singh unveiled the statue of Netaji Subhas Chandra Bose, in the presence of distinguished INA (Indian National Army) veterans in Kuala Lumpur, Malaysia.
About Malaysia:
Capital– Kuala Lumpur
Prime Minister– Anwar Bin Ibrahim
Currency– Malaysian Ringgit


UN Women and UNDP Launched the Report “The paths to equal: Twin Indices on Women’s Empowerment and Gender Equality”United Nations (UN) Women and United Nations Development Programme (UNDP) launched a report titled  The paths to equal: Twin indices on women’s empowerment and gender equality at the Women Deliver 2023 Conference (WD2023) in Kigali, Rwanda, East Africa.

  • The report highlights the global challenges faced by women and provides a roadmap for targeted interventions and policy reforms.

The Women’s Empowerment Index (WEI) & The Global Gender Parity Index (GGPI):
The data is collected from 114 countries and have been analysed based on two new indices that offers a comprehensive assessment of countries progress in achieving gender equality.
i.WEI measures women’s power and freedoms to make choices and seize life opportunities across five dimensions: health, education, inclusion, decision-making, and violence against women.

  • According to WEI on an average, women are empowered to achieve only 60% of their full potential.

ii.GGPI evaluates the status of women relative to men in core dimensions of human development, including health, education, inclusion, and decision-making.

  • The GGPI measured that women achieve 28 % less than men across key human development dimensions.

iii.The twin indices also provide vital evidence needed for achieving the Sustainable Development Goals (SDGs), including SDG 5 (“Achieve gender equality and empower all women and girls”).
Highlights of the report: 
i.Less than 1%of women and girls live in countries with both high levels of women’s empowerment and high gender parity.
ii.More than 90% of the world’s female population i.e 3.1 billion women and girls live in countries characterized by a large women’s empowerment deficit and a large gender gap.
Outcome of the report: 
Of the 114 countries analysed,
i.85 countries have low or middle women’s empowerment and low or middle performance in achieving gender parity.
ii.More than half the countries in this group are in the high (21 countries) or very high human development group (26 countries).
iii.No country has achieved full women’s empowerment or complete gender parity
About UN Women:
UN Women is the United Nations entity dedicated to gender equality and the empowerment of women.
About UNDP:
UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality, and climate change.


BSE, NSE & SEBI allowed Micro-Cap Stocks under ESM to trade on All DaysOn July 18, 2023, a joint discussion of Bombay Stock Exchange (BSE), National Stock Exchange (NSE) Securities and Exchange Board of India (SEBI) decided to lift trading curbs on micro-cap stocks that come under Enhanced Surveillance Measures (ESM).

  • The revised framework is applicable from July 24, 2023.
  • This will ease rules for trading in stocks that remain under ESM framework and also enhance their liquidity.

Note: The revised framework comes days after BSE-listed Mercury EV Tech had moved Securities Appellate Tribunal (SAT) to challenge the ESM framework. The next hearing was scheduled for July 25, 2023.
Changes in ESM Framework:
i.The rule of 100% margin remains unchanged.
ii.Now, the stocks under ESM Stage-II are allowed trade-for-trade (T2T) settlement on daily basis (trading days) from Monday with +/- 2% price band under Periodic Call Auction. Earlier, these were allowed to trade only once a week with Periodic Call Auction.
Table showing existing Rules and New Rules:

  • The parameters for short-listing the securities under the ESM framework include high-low price variation and close-to-close price variation.
  • Both BSE and NSE have jointly implemented ESM.

About National Stock Exchange (NSE):
Managing Director & CEO– Ashishkumar Chauhan
Headquarters– Mumbai, Maharashtra


RBI cancels Licence of United India Co-operative Bank Limited

On 19th July 2023,  Reserve Bank of India(RBI) cancelled the licence of United India Co-operative Bank Limited, Nagina( Bijnor, Uttar Pradesh) as the bank does not have adequate capital and earning prospects to pay its present depositors in full.

  • The bank also does not comply with the provisions of Section 11(1) and bank has failed to comply with the requirements of Sections 22(3) (a), 22 (3) (b), 22(3)(c), 22(3) (d) and 22(3)(e) read with Section 56 of the Banking Regulation Act, 1949.
  • The bank is prohibited from engaging in any ‘banking’ activities, including the acceptance and repayment of deposits, as defined in Section 5(b) in conjunction with Section 56 of the Banking Regulation Act, 1949.

Liquidation:
Commissioner and Registrar of Cooperative in Uttar Pradesh to initiate the winding-up process and appoint a liquidator for the bank.
iThe RBI reassured depositors that they will receive insurance claims for their deposits, subject to the monetary ceiling of 5 lakhs from the Deposit Insurance and Credit Guarantee Corporation (DICGC), in accordance with the DICGC Act, 1961.
ii. 99.98% of depositors of the bank are eligible to receive the full amount of their deposits from DICGC.
About Deposit Insurance and Credit Guarantee Corporation (DICGC)
Deposit Insurance and Credit Guarantee Corporation of India (DICGC) is one of the five subsidiaries of the Reserve Bank of India (RBI).
Chairman – Michael Debabrata Patra
Headquarters – Mumbai, Maharashtra
Established under – Deposit Insurance and Credit Guarantee Corporation Act, 1961
Established in –  1978


PNB launched ‘Project PNB PALAASH’ for environmental sustainability
Punjab National Bank (PNB), India’s leading Public Sector Bank, launched an environmental initiative ‘Project PNB Palaash’, an eight-month campaign to promote sustainability aimed at reducing costs and enhancing operational efficiencies through measures such as energy and resource conservation, paper reduction, waste management and optimised digital processes.

  • The goal of this initiative is to actively contribute to conservation activities, encourage the adoption of sustainable practices, and promote active employee engagement.
  • The campaign is in line with the Reserve Bank of India’s (RBI) vision of sustainable finance and the 6th iteration of Enhanced Access and Service Excellence (EASE 6.0), an initiative by Department of Financial Services (DFS),Government of India.
  • Campaign themes for this project include Digi Branches, Green Data Center, Electric Vehicle Funding, Green Project Funding, Recycle Camp, Tree Planting, Paper Savings, Energy Conservation Olympics, and Paper Savings.
  • Key People: Atul Kumar Goel, Managing Director (MD) and Chief Executive Officer (CEO), Punjab National Bank; Kalyan Kumar, Binod Kumar, and M Paramasivam, Executive Diresctors of PNB .

Note: As part of this initiative, one lakh plus employees of PNB will plant minimum two saplings each.


HDFC Bank Crossed USD 100 Million Valuation; Becomes World’s 7th largest Lender
On 14th July 2023, following its reverse merger with its parent company, Housing Development Finance Corporation (HDFC) limited, HDFC Bank crossed the USD 100 billion market capitalisation(m-cap) and traded at a market value of around USD 152 billion. With this, HDFC Bank has emerged as the World’s 7th largest lender, moving ahead of Bank of China( and Morgan Stanley, and Goldman Sachs.

  • HDFC bank has entering the list of the world’s top 10 banks by market capitalisation. JPMorgan Chase (USD 438 billion) tops the list followed by Bank of America at 2nd (USD 232 billion) and ICBC at 3rd (USD 224 billion).

J&K Rural Livelihoods Mission bagged SKOCH Award under “State of Governance India 2047” in Gold CategoryThe Ummed Programme of Jammu and Kashmir Rural Livelihoods Mission (JKRLM) bagged the SKOCH Award under the theme “State of Governance India 2047” in Gold category for its outstanding efforts in creating marketing avenues for Self-Help Groups (SHGs) in the Union Territory. JKRLM received the SKOCH Award for the first time since the establishment of the scheme.

  • This recognition is for the hard work and dedication of JKRLM for empowering women and promoting entrepreneurship in rural areas and creating marketing opportunities from district level to national level platforms.
  • Indu Kanwal Chib, Misssion Director of JKRLM, who received the award introduced several initiatives including Umeed Women’s Haat, and District Rural Haat, SHG products available on e-commerce platforms like Meesho, Flipkart and Amazon etc.,
  • SKOCH award, one of the highest honors in the field of governance, finance, and technology, which recognizes organizations that have made significant contributions to the socio-economic development of communities through innovative initiatives.
  • Some of the notable 2023 SKOCH Award Winner of Gold Winner’s List

Moksha Roy, 7-year-old Indian-origin wins UK PM’s Points of Light awardOn 13th July 2023, Moksha Roy, a 7-year-old Indian-origin girl from Hertfordshire, the United Kingdom (UK) has been awarded the UK Prime Minister’s (PMPoints of Light Award as Sustainability Champion for volunteering for several sustainability initiatives including raising funds for children in need for United Nations International Children’s Emergency Fund (UNICEF).

  • She has been the world’s youngest Sustainability Champion, who started advocating for the United Nations (UN)’s Sustainability Development Goals (SDGs) initiative against micro-plastic pollution at the age of 3.
  • The initiative was supported by the Archbishop of Canterbury, a bishop of superior rank, who is ‘primate of All England and the UN task force.

Note: She received the award from Oliver Dowden, Deputy PM, the UK.
Achievements of Moksha Roy:
i. She attempts to educate over 1 billion children and their families about micro-plastic pollution and how to prevent it by her work, including to children in 24,000 UK schools and colleges.
ii. She wrote letters to the world leaders at the age of 5 and urged them to introduce the UN SDGs into the school curriculums to ensure children can learn about the UN SDGs to act on crucial issues ranging from climate change, gender equality and plastic pollution.
iii. She has also assisted in educational sessions for deprived school children in India and has provided messages at events, including at Conference of the Parties (COP)27.
Awards/Honours:
In 2022, she has been awarded the British Citizen Youth Award (BCyA) in recognition of exceptional positive impact on society and as an inspiration to others.
About UK Points of Light Award:
iThe Points of Light first established by George H. W. Bush (Former President of the United States of America (USA)) in 1990.
ii. In April 2014, UK Points of Light was launched, it was developed in partnership with the US programme.
iii. The award is presented to outstanding individual volunteers who are making a change in their community.


Rakesh Pal appointed as 25th Director General of Indian Coast GuardOn 19th July 2023, Rakesh Pal has been appointed as the 25th Director General of Indian Coast Guard (DGICG). He holds the recognition of being the First Gunner of ICG.
He was given the additional charge of DGICG in February 2023. He was elevated to the rank of Additional Director General in February 2022.
Note: Virender Singh Pathania was the 24th DGICG, appointed on December 31 2021.
About Rakesh Pal:
iHe hails from Uttar Pradesh and is an alumnus of the Indian Naval Academy and joined Indian Coast Guard (ICG) in January 1989.
ii. Over 34 years of career span, he held several key appointments afloat and ashore and the prominent ones are:

  • Commander Coast Guard Region (North West) in Gandhinagar, Gujarat
  • Deputy Director General (Policy and Plans) and Additional Director General Coast Guard in New Delhi, Delhi, the Headquarters of ICG.

iii. He has commanded all classes of ICG ships (ICGS), including ICGS Samarth, ICGS Vijit, ICGS Sucheta Kriplani and ICGS Ahalyabai and and ICGS C-03.
iv. He has undergone professional specialisation in the Gunnery and Weapons System at the Indian Naval School Dronacharya in Kochi, Kerala and Electro-Optics Fire Control Solution course from the United Kingdom (UK).
v. He has held various staff assignments such as Director (Infra & Works) and Principal Director (Administration) at Coast Guard Headquarters, New Delhi, Delhi.
vi. He has also Commanded two Coast Guard bases of the forward areas of Okha & Vadinar in Gujarat.
Awards/Honours:
Rakesh Pal was conferred with Tatrakshak Medal (TM) in 2013 for his illustrious service and President Tatrakshak Medal (PTM) in 2018 for his distinguished service.

International Chess Day 2023 – July 20 The United Nations (UN)’s International Chess Day or World Chess Day is annually observed on 20th July across the globe to mark the significant role of Chess as an affordable and inclusive activity and also to improve overall Intelligence quotient (IQ) across the world.
20th July 2023 also marks the observance of the 99th Anniversary of the International Chess Federation, or Fédération Internationale des Échecs (FIDE),established in 1924.
Background:
i.The idea to designate a specific day to celebrate chess internationally was first proposed by UNESCO (the United Nations Educational, Scientific and Cultural Organization). In 1966, FIDE, the international governing body for chess, officially established International Chess Day in response to UNESCO’s proposal. Since then, July 20th has been celebrated annually as a tribute to the captivating world of chess.
ii. On 12th December 2019, the United Nations General Assembly (UNGA) adopted the resolution A/RES/74/22 and proclaimed the 20th July of every year as World Chess Day.
iii. The first-ever UN recognised World Chess Day was observed on 20th July 2020.
About International Chess Federation (Fédération Internationale des Échecs (FIDE)):
President– Arkady Dvorkovich (Russia)
Headquarters– Lausanne, Switzerland
Motto– “Gens una sumus” (Latin) (“We are one family”)


International Moon Day -20th July 2023United Nations(UN) designated International Moon Day (IMD) which is annually celebrated across the globe on July 20th to mark the anniversary of the first landing by humans on the Moon as part of the Apollo 11 lunar mission.

  • The day aims to raise public awareness about sustainable Moon exploration and utilisation.
  • The first IMD was celebrated on 20th July 2022.

Theme for IMD 2023:
i.IMD 2023 is celebrated on 20th July 2023 and it marks the 54th anniversary of the Apollo 11 lunar mission.
ii.The day will be celebrated with the theme “Lunar Exploration Coordination & Sustainability.”
iii.The theme emphasizes educating the public on the importance of conducting sustainable lunar exploration.
Note: Astronauts Neil Armstrong and Edwin ‘Buzz’ Aldrin were the first humans to set foot on the moon which they then named Tranquility Base, on July 20 1969, during the Apollo 11 mission. During this mission, Michael Collins orbited the Moon in the command module.
About the United Nations Office for Outer Space Affairs (UNOOSA):
Director- Aarti Holla-Maini
Headquarters- Vienna, Austria
Established- 1958


Chhattisgarh CM Bhupesh Baghel  launches Gramin Awas Nyay YojanaOn 19 July 2023, During the announcement of Rs.1,764 crore worth benefits for various segments of government employees, Chief Minister (CM) Bhupesh Baghel introduced the ‘Nyay Yojana,’ a housing scheme aimed at providing homes to rural homeless individuals in Chhattisgarh.

  • The scheme will be fully sponsored by State Government of  Chhattisgarh by allocating Rs.100 crore in budget.

About Gramin Awas Nyay Yojana:
The scheme is the outcome of the survey conducted by Panchayat and Rural Development Department under Government Of Chhattisgarh. The survey pointed out that

  • This will help families which are encountering challenges in obtaining housing approval due to the eligibility criteria for the Pradhan Mantri Awas Yojana which is based on Socio-Economic Survey 2011 (officially known as Socio Economic and Caste Census – SECC 2011).
  • The number of beneficiaries are around 8 lakhs.

About Socio-Economic Caste Census (SECC) 2011
It is the first-ever census that generated data covering households in both rural and urban areas. SECC 2011 is also the first paperless census in India which was conducted on hand-held electronic devices by the Government of India.

  • The data is being used to identify beneficiaries and expand the direct benefit transfer scheme.
  • The Ministry of Rural Development commenced the Socio-Economic and Caste Census (SECC) in June 2011 and the results of SECC 2011 were released by the government in July 2015.

SECC 2011 included the following three components of the census:

About Chhattisgarh:
Chief Minister – Bhupesh Baghel
Governor – Biswabhusan Harichandan
Capital – Raipur, Chhattisgarh


Karnataka Launches Gruha Lakshmi Scheme for Women Supporting HouseholdsOn 19th July 2023, Karnataka Chief Minister Siddaramaiah launched the registration for Gruha Lakshmi scheme, which provides Rs 2,000 monthly assistance to the woman head of the households.

  • The Scheme will benefit around 1.28 crore families in Karnataka and the cash benefit of Rs 2,000 will be transferred through Direct Benefit Transfer (DBT).
  • The Gruha Lakshmi scheme will be implemented from August 15, 2023

Background:
i.This was one of the poll promises by the newly elected Siddaramaiah led Congress government in the election manifesto of the 2023 Karnataka general Assembly Election.
ii.On 7th July 2023, the Karnataka Government allocated an amount of Rs 24,166 crore for the Gruha Lakshmi scheme for 2023-24 fiscal year.
Eligibility:
i.The eligibility criteria to enrol in the Scheme for the women whose names appear as the head of the family on Antyodaya, Below Poverty Line (BPL), and Above Poverty Line (APL) cards.
ii.Those women or their husbands who pay income tax or GST are not eligible under the scheme.
iii.Only one woman in a family can be the beneficiary of this scheme and the woman must not be a government employee.
Registration for the Scheme:
i.Registration for the Gruha Lakshmi scheme can be done both online and offline.
ii.The beneficiaries may also register for this Scheme through common service centres such as Karnataka-1, Bengaluru-1, Grama-1 or Bapuji Seva Kendra centres
iv.Eligible women can get themselves registered online by visiting the official portal of Seva Sindhu Guarantee scheme.
iii.Documents required for Gruha Lakshmi Scheme:

  • BPL Card/APL Card/ Antyodaya Card
  • Bank-linked Aadhaar card
  • Bank details
  • Aadhaar-linked phone number

Recently launched New Schemes in Karnataka:
During the Budget presentation for the 2023-24 fiscal year, the Karnataka Government allocated around Rs 52,000 crore to their five main poll promises including for the Gruha Lakshmi scheme.
i.Under the Anna Bhagya scheme, every individual from a BPL family and and ‘Antyodaya’ households receives 10 kg of free rice every month.
ii.Yuva Nidhi scheme provides a two-year payment of Rs 3,000 per month for unemployed graduates and Rs 1,500 per month for unemployed diploma holders.
iii.The Uchita Prayana scheme  provides free bus travel to all women across the state.
iv.The Gruha Jyothi scheme launched to provide 200 units of free electricity.
About Karnataka:
Chief Minister – Siddaramaiah
Governor – Thaawar Chand Gehlot
Wildlife Sanctuaries – Bhimgad Wildlife Sanctuary, Mookambika Wildlife Sanctuary, Sharavathi Valley Wildlife Sanctuary

Current Affairs Daily Digest – 20 July 2023

Tamil Nadu tops NITI Aayog’s Export Preparedness Index 2022 for States/UTsAccording to the Export Preparedness Index(EPI) 2022 for States and Union Territories(UTs), the 3rd edition of the National Institution for Transforming India (NITI Aayog) report, Tamil Nadu has topped the Index with an overall score of 89.89.

  • Tamil Nadu, Maharashtra with 78.20 at 2nd place, Karnataka with 76.36 at 3rd place and Gujarat with 73.22 at 4th place are the top performers in EPI 2022 in all categories of states.
  • The report, which presents a comprehensive analysis of India’s export performance in FY22, was released by Suman Bery, Vice Chairman of NITI Aayog, on 17th July 2023.
  • The EPI 2022 was prepared by NITI Aayog in association with the Institute for Competitiveness(IFC).

About National Institution for Transforming India (NITI Aayog): 
Chief Executive Officer (CEO)– B.V.R. Subrahmanyam
Headquarters– New Delhi, Delhi


NITI Aayog Releases TCRM Matrix framework to drive Innovation and Entrepreneurship 
The NITI Aayog (National Institution for Transforming India) has released the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework under the NITI Working Paper series titled “A NEW LENS FOR INNOVATION IN NEW INDIA –Introducing The Techno-Commercial Readiness and Market Maturity Matrix,” aimed at promoting Innovation and Entrepreneurship in India.

  • The framework is a pioneering assessment tool designed to revolutionize technology evaluation, foster innovation, and fuel entrepreneurship in India.

Key people:
The working paper is authored by Dr. V.K. Saraswat, Member, NITI Aayog along with Dr. Neeraj Sinha, Senior Adviser, Naman Agrawal, Specialist, Ms. Naba Suroor, Associate and Siddhey G Shinde, Young Professional, NITI Aayog.
Highlights: 
i.The TCRM Matrix provides historical development of technology assessment framework, including the Technology Readiness Level (TRL), Commercialization Readiness Level (CRL), and Market Readiness Level (MRL) scales.
ii.The working paper offers practical guidelines for integrating the TCRM Matrix into India’s broader innovation ecosystem, empowering policymakers, strategists, academics, and investors to drive positive change.
iii.Its adoption requires comprehensive analysis and contextualization based on India’s unique national and sectoral innovation landscapes.
iv.TCRM Matrix, a robust assessment tool, empowers stakeholders to make informed decisions, enhance technology commercialization prospects, and position India as a global leader in innovation.
About NITI(National Institution for Transforming India) Aayog:
Chairperson- Narendra Modi (Prime Minister of India)
Chief Executive Officer(CEO)- B.V.R. Subrahmanyam
Established- 2015
Headquarters- New Delhi, Delhi


UNDP India signed MoU with Absolute® to enhance sustainable agriculture practices under PMFBY

On 17th July 2023, United Nations Development Programme (UNDP) and Absolute®, a bioscience company, signed a Memorandum of Understanding (MoU) to jointly strengthen the Pradhan Mantri Fasal Bima Yojana (PMFBY), Government of India’s crop insurance scheme under the Ministry of Agriculture & Family Welfare (MoA&FW) and enhance the strength of the farmers.
Objective:
iTo boost the implementation of the PMFBY and the Restructured Weather Based Crop Insurance Scheme (RWBCIS) by building technical capabilities of the scheme and digitising service delivery of crop insurance and agricultural credit processes to increase reach and uptake of the schemes.
ii. It will also promote credit profiling of farmers, agri-entrepreneurs, and Farmer Producers Organizations (FPOs), for accurate crop loss assessment and risk evaluation to mobilise agriculture financing.
Benefits of PMFBY Scheme:
iPMFBY Scheme launched in 2016, offers risk protection by providing financial support to farmers suffering crop loss or damage due to weather fluctuations, pest attacks, erratic rainfall, and humidity affecting agricultural produce.
ii. The scheme will stabilise the lower yields and income of the farmers by encouraging them to adopt innovative and modern agricultural practices.
iii. It also ensures the flow of credit to the agriculture sector for food security, crop diversification and enhancing growth and competitiveness of the agriculture sector.
Note: From 2015 to 2021, India lost 33.9 million hectares of cropped area due to floods and excess rains and 35 million hectares due to drought.
Features of the Collaboration:
iUNDP and Absolute® will use advanced technology and data-driven solutions to facilitate farmland identification.
ii. It enhances farm monitoring, Research & Development (R&D) and analytical capabilities to facilitate data-driven policymaking and fraud analytics.
iii. It ensures efficient and transparent delivery of government support to farmers at risk.
iv. This collaboration is a significant step towards strengthening the risk and credit ecosystem for agriculture in India.
v. Absolute®’s partnership with UNDP is a strong step forward in mitigating the increasing risk pattern due to climate change, which can potentially impact over 120 million farmers across India.
vi. This initiative will help achieve the goal of empowering farmer communities & making agriculture climate resilient.
vii. The infusion of technology with plant science through this partnership will facilitate a strong credit flow to the agriculture sector.
Additional info:
Since 2018, UNDP has been working with the MoA&FW. The technical support of UNDP at the MoA&FW helped reach out around 1.71 crore farmers through various information, education, and communication (IEC) campaigns such as Crop Insurance Week and organized more than 2.39 lakh Fasal Bima Pathshalas or crop insurance classroom sessions in 2022.
About Absolute®:
Founded in– 2015
Co-Founder and CEO– Agam Khare
Headquarters– Gurugram, Haryana


DAC approves proposals for procurement of 26 Rafale Marine aircraft from FranceOn 13th July 2023, The Defence Acquisition Council (DAC), chaired by Union Minister Rajnath Singh, Ministry of Defence (MoD), granted Acceptance of Necessity (AoN) for the procurement of 26 Rafale Marine aircraft along with associated ancillary equipment, weapons, simulator, spares, documentation, crew training and logistic support for the Indian Navy from the French government.

  • This procurement is based on an Inter-Governmental Agreement (IGA) between Indian and France and aims to bolster the operational capabilities of the Indian Navy.

Key Points:
i.The price and other terms of purchase will be negotiated with the French Government after taking into account all relevant aspects.
ii.The contract documents will incorporate the integration of Indian-designed equipment and the establishment of a Maintenance, Repair & Operations (MRO) Hub for various systems after subsequent negotiations.
Other Approvals:
i.The DAC also granted the AoN for procurement of three additional Scorpene submarines under Buy (Indian) category which will be constructed by Mazagon Dock Shipbuilders Limited (MDL).

  • The procurement with higher indigenous content maintain Navy’s force level and operational readiness as well as create employment opportunities in the domestic sector.

ii.DAC approved the proposal to lay down guidelines to achieve desired indigenous content in all capital acquisition cases.
Note: This will support in achieving “Aatmanirbharta”, in critical manufacturing technologies and life-cycle sustenance of defence platforms/equipment through indigenous manufacturing.


MSDE launched “AI for India 2.0”, Free AI Training Programme for the youth of India
On the occassion of World Youth Skills Day 2023 (15th July 2023),  Dharmendra Pradhan, Union Minister of Education and Skill Development and Entrepreneurship, Ministry of Skill Development and Entrepreneurship (MSDE) launched a free online training programme on Artificial Intelligence (AI), “AI for India 2.0“.

  • It is a joint initiative of Skill India and Grab Ur Vernacular Imprint (GUVI), an Indian Institutes of Technology (IIT) Madras, Chennai, Tamil Nadu and Indian Institutes of Management (IIM) Ahmedabad, Gujarat incubated company.
  • This National Council for Vocational Education and Training (NCVET) under the MSDE and IIT Madras accredited online programme will enable the youth of India with frontier skills.
  • The online programme is reportedly available in nine languages. This initiative is a beginning to eliminate the language barriers in technology education and future-proofing India’s YuvaShakti, especially in rural areas.

Note: 16th July of every year is globally observed as AI Appreciation Day to recognize and appreciate the impact of AI on our lives.


Henley Passport Index 2023: Indian passport ranks 80th; Gives Visa-Free Entry to 57 Countries According to the Henley Passport Index 2023 (3rd quarter) released by Henley & Partners, a London-based global citizenship and residence advisory firm, ranked India’s passport at the 80th spot moving it up five places from its position in 2022 providing visa-free or visas on arrival access to 57 countries.

  • Singapore is the world’s most powerful passport with visa-free access to 192 travel destinations out of 227 worldwide.

Key points:
i.Singapore increased its score by 25, pushing it five places up the ranking over the past 10 years to 1st position.
ii.Afghanistan with a score of  27, Iraq 29 and Syria 30 stands at the bottom of the ranking, rounding out the three weakest passports in the world.
iii.India’s current rank ties it with countries like Togo and Senegal.
Henley Openness Index 2023:
The Henley Openness Index (HOI) ranks all 199 countries and territories worldwide according to the number of nationalities they permit entry to without a prior visa. India ranks 94th by scoring 4.
About Henley & Partners:
Chief Executive Officer(CEO)- Dr. Juerg Steffen
Headquarters- London, United Kingdom(UK)
Established- 1997


Nomadic Elephant-23: 15th edition of India-Mongolia joint military exercise at Ulaanbaatar, MongoliaNomadic Elephant-2023, the 15th edition of India-Mongolia bilateral joint military exercise is being conducted at Ulaanbaatar, Mongolia from 17 to 31 July 2023.  Indian Army contingent comprising of 43 personnel is participating in the exercise at Mongolia.
Primary Theme: Focus on counter-terrorism operations in mountainous terrain under United Nations (UN) mandate.
Objective: To build positive military relations, exchange best practices, develop interoperability, companionship, camaraderie and friendship between the two nation armies.
Note: On 16th July 2023, Indian Army contingent reached Ulaanbaatar (Mongolia) by an Indian Air Force (IAF) C-17 aircraft.
Participants:
Participants include soldiers from the Indian Army’s Jammu and Kashmir Light Infantry Regiment and Unit 084 of the Mongolian Armed Forces.
Key Highlights:
iThe scope of this exercise involves Platoon level Field Training Exercise (FTX).
ii. Indian and Mongolian troops have been engaging in various training activities including endurance training, reflex firing, room intervention, small team tactics and rock craft training.
iii. These activities between the two armies are designed to enhance their skills, capabilities and also to learn operational experience from each other during the exercise.
iv. India and Mongolia have a shared commitment to regional security and cooperation. Exercise NOMADIC ELEPHANT-23 between the Indian Army and Mongolian Army will further promote bilateral relations between the two nations.
NOMADIC ELEPHANT Exercise:
iThis joint military exercise between India and Mongoliais an annual training event, which is conducted alternatively in Mongolia and India.
ii. The previous edition (14th edition) of exercise was held at Special Forces Training School, Bakloh in Himachal Pradesh from 5 to 18 October 2019.
About Mongolia:
Capital– Ulaanbaatar
Prime Minister- Luvsannamsrai Oyun-Erdene
Currency– Mongolian Tugrik


India needs Average Annual growth rate of 7.6% for 25 years to Become Developed Nation: RBI Paper

i.According to the Reserve Bank of India’s (RBI) Economic Research Department in their paper ‘India @ 100‘, India needs to achieve an average annual real Gross Domestic Product (GDP) growth rate of 7.6% over the next 25 years to become a developed nation by 2047-48. This would require raising the current per capita GDP from $2,500 to $22,000, an increase of 8.8 times.
ii.This paper, authored by Harendra Behera, V. Dhanya, Kunal Priyadarshi, and Sapna Goel, is included in the RBI’s July 2023 issue of its monthly Bulletin, released on July 17, 2023. Click Here for full Monthly Bulletin
iii.Please note that this study does not represent the official view of the RBI.
iv.India’s industrial sector should increase its share from the current 25.6% to 35% by 2047-48, and manufacturing should occupy 25% share in total value added.
About Reserve Bank of India (RBI):
i.It was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934.
ii.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937.
iii.Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India.
iv.Thus, 2023 marks the 75th year of public ownership of the Reserve Bank and its emergence as a national institution.


PhonePe Launches India’s First Health Insurance Platform with Monthly SubscriptionsOn 18th July 2023, PhonePe Insurance Broking Services Private Limited (PIBS), a wholly owned subsidiary of PhonePe Private Limited, launched the  health insurance plans offering comprehensive insurance in partnership with leading insurers.

  • With this launch, PhonePe Insurance became the first and only Platform in India to enable customers to pay for insurance in easy installments through Unified Payments Interface (UPI) on the PhonePe app.
  • These health insurance plans come with coverage up to Rs 1 crore.

Note: PhonePe Insurance Is Registered With IRDAI (Insurance Regulatory And Development Authority) As A Direct Broker (Life And General).
Other benefits:
iPhonePe Insurance Broking’s health insurance plans offer innovative features, such as a bonus cover that increases up to 7 times the base cover amount for each claim-free year.
ii. Alongside these comprehensive plans, PhonePe provides users with pre and post-sales assistance, guiding them in making informed decisions, facilitating the claim process, and accessing other essential services.
Additional Info
iPhonePe sold over 5.6 million policies to date.
ii. PhonePe Insurance platform has extended its services across 98% of India’s PIN codes.
iii. Additionally, the platform has facilitated more than 200 million vehicle insurance quotes.
About PhonePe Insurance Broking Services Private Limited (PIBS)
Headquarters – Bengaluru, Karnataka
Established in – 2020


IIFL Home Finance raises loan of USD 50 million from US International Development Finance Corp
IIFL Home Finance Limited (IIFLHFL), a digital first home finance company and a subsidiary of IIFL Finance, secured a USD 50 million loan from the United States of America (USInternational Development Finance Corp (DFC) in order to expand its portfolio of affordable home financing specifically targeting sustainable housing.

  • The fund was raised at a concessional rate of 5.72%, which includes the hedging cost. Its funding cost on average is 8.4%.
  • The deal marks the growing confidence that foreign investors have in India’s affordable housing market, which is growing rapidly with government focus.

Note: For the second time in 2023, IIFLHFL, the mortgage lender is raising debt. It had obtained USD 68 million from the Asian Development Bank in January 2023.


ADO July 2023: ADB Retained India’s GDP Growth Forecast at 6.4% in FY2023Asian Development Outlook (ADO) July 2023: Robust Growth with Moderating Inflation published by the Asian Development Bank (ADB) has retained India’s Gross Domestic Product (GDP) growth forecast at 6.4% in FY2023 and 6.7% in FY2024, as projected in ADO April 2023.

  • The inflation projection for India in FY2023 is reduced slightly from 5.0% in ADO April 2023 to 4.9% and maintained at 4.5% in FY2024.
  • This is driven by continued domestic demand that supports India’s recovery.
  • The growth in South Asia is projected at 5.5% in 2023 and 6.1% in 2024.

Highlights:
i.Inflation in developing Asia is forecast at 3.6% for FY2023, compared with an April 2023 forecast of 4.2%. The inflation outlook for 2024 is raised to 3.4% from an earlier estimate of 3.3%.
ii.For economies in developing Asia, as domestic demand remains robust, the regional growth forecast is maintained at 4.8% for 2023 and  revised down to 4.7% for 2024 from 4.8% in April 2023 forecast.

  • Developing Asia consists of 46 economies in the Asia-Pacific and excludes Japan, Australia and New Zealand.

iii.Growth in Southeast Asia is now expected at 4.6% in 2023 and 4.9% in 2024, down from 4.7% and 5% previously.
iv.The forecast for Caucasus and Central Asia is revised down marginally to 4.3% from 4.4% for 2023, and to 4.4% from 4.6% in 2024 after oil production in Azerbaijan fell more than expected.
v.The growth forecasts for East Asia are maintained at 4.6% in 2023 and at 4.2% in 2024; and for the Pacific at 3.3% in 2023 and 2.8% in 2024.
vi.Headline inflation eased toward pre-pandemic averages as fuel and food prices waned.
About ADO:
i.Asian Development Outlook is the main economic forecasting product from ADB.
ii.It is published each April with an update published in September and brief reports published in July and December.
Other Forecasts for India:
i.The Reserve Bank of India’s (RBI) Monetary Policy Committee projected GDP growth of 2023-24 at 6.5%.
ii.Fitch Ratings raised its forecast for India’s economic growth to 6.3% for FY24.
iii.World Bank (WB) had also pegged India’s GDP growth forecast to 6.3% in FY24.


President Murmu presents Bhoomi Samman awards 2023 On 19th July 2023, the President of India, Droupadi Murmu presented the Bhoomi Samman 2023 awards to 9 State Secretaries and 68 District Collectors along with their teams for achieving saturation of the core components of Digital India Land Records Modernization Programme (DILRMP) – the core of Governance.

  • The awards were given to Assam, Bihar, Chhattisgarh, Gujarat, Jharkhand, Madhya Pradesh, Odisha, Tripura and West Bengal at a function organised by the Union Ministry of Rural Development in Vigyan Bhawan, New Delhi, Delhi.
  • Union Minister of Rural Development and Panchayati Raj is Giriraj Singh.
  • Out of 766 districts in the country, 68 districts have won ‘Platinum Prize’ in six categories under the DILRMP.
  • The event is extremely significant for Revenue and Registration functionaries of the State who would receive the “Bhoomi Samman” for the first time in the last 75 years for their outstanding performance.

19 districts of Odisha wins platinum awards of DILRMP:
i.Odisha was presented “Bhoomi Samman” award as best state in implementing and meeting all the parameters of DILRMP.
ii.19 districts of Odisha who won platinum award under six different categories by attaining 100 % objectives of DILRMP are Angul, Boudh, Bargarh, Bhadrak, Deogarh, Dhenkanal, Gajapati, Ganjam, Jagatsinghpur, Jajpur, Kendrapada, Keonjhar, Khordha, Koraput, Nabarangpur, Nayagarh, Nuapada, Rayagada, and Sambalpur.

  • The districts were represented by their concerned Collector/Additional District Magistrates(ADM).

iii.Satyabrata Sahu,the Additional Chief Secretary to the Government of Odisha along with other officials from the Revenue & Disaster Management Department, represented the Odisha Team.
Additional information:
i.Odisha has become a leading state in digitization of land records and public services through the implementation of 5T and ‘Mo Sarkar’ regulations.
ii.Digital India Land Records Modernization Programme (DILRMP) was launched by the Union Ministry of Panchayati Raj in August 2008 for the digitization of land records.
iii.The target of DILRMP is to achieve digitization of more than 94 per cent of land records, with completion expected before the deadline of March 31, 2024.
Note: DILRMP aims at reducing the court cases involving land disputes and effective implementations of various welfare schemes of the government.


GQG Partners invested around Rs.2400 crore and acquired 5.96% stake in Patanjali Foods
On 14th July 2023, GQG Partners LLC, a Florida (The United States of America)-based asset management firm led by Rajiv Jain, acquired a 5.96% stake (about 2.15 crore shares) in the Patanjali Foods Limited (formerly known as Ruchi Soya Industries Limited), a manufacturer of consumer packaged foods in India,  for Rs 2400 crore through the Offer-for-sale (OFS) process initiated by Patanjali Foods.

  • The floor price was kept at Rs 1,000 per share but allotment to non-retail investors was done at a share price of Rs 1,103.80.
  • In July 2023, Patanjali Ayurved, primary promoter Patanjali Foods, announced its plan to divest around 7% of its stake for Rs 2,533.9 crore via an OFS to meet the Securities and Exchange Board of India (SEBI)’s minimum public shareholding norm of 25%.  Following the sale, shareholding of Patanjali Ayurved has come down to 73.82%.

Note: In March 2023, GQG Partners invested around USD 3.2 billion in Adani Group firms led by Gautam Adani.


First Barge of series LSAM 7 delivered to Indian Navy

On 18th July 2023, the Indian Navy received the First Barge of the series LSAM 7 (Yard 75) in the  presence of Iftekhar Alam, Commanding Officer of INS Tunir. This Barge was constructed in accordance with the classification rules of the Indian Register of Shipping (IRS) and is expected to serve the Indian Navy for a service life of 30 years.

  • The Barge proudly exemplifies the “Make in India” initiative of the Government of India, as it stands as a symbol of self-reliance with all its major and auxiliary equipment procured from indigenous manufacturers.
  • The induction of these Missile Cum Ammunition (MCA) Barges is expected to bolster the operational capabilities of the Indian Navy by streamlining the transportation, embarkation, and disembarkation processes for articles and ammunition to Indian Naval Ships.

In line with the Government of India’s “Atma Nirbhar Bharat” (Self-Reliant India) initiatives, M/s SECON Engineering Projects Private Limited, a Micro, Small, and Medium Enterprise (MSME) based in Visakhapatnam, Andhra Pradesh has successfully secured a contract for the construction of eight MCA Barges.
Note: A type of vessel which is primarily used for transporting cargo is called as Barge
Additional Info:
In June 2023, Thane-based Micro, Small, and Medium Enterprises (MSME) firm, M/s Suryadipta Projects Pvt Ltd, has successfully delivered the first barge of the series LSAM 15 (Yard 125) to the Indian Navy under a contract for the construction of Ammunition Cum Torpedo Cum Missile (ACTCM) Barges.
About SECON Engineering Projects Private Limited:
Headquarters – Bengaluru, Karnataka
Established in –  1981


US Open 2023 Badminton: China’s Li Shi Feng & Thailand’s Supanida Katethong won singles titles
On 16th July 2023, China’s Li Shi Feng (Ranked 12) and Thailand’s Supanida Katethong (Ranked 22) won the men’s singles finals and the women’s singles finals of the Yonex US Open 2023 at the the Mid-America Center in Council Bluffs, Iowa, United States of America (USA).

  • The US open 2023 is the part of HSBC Badminton World Federation (BWF) Super 300 series held from 11th July to 16th July 2023.

Winners of Yonex US open 2023:

  • She is the second Thai player to win the US Open title after Sapsiree Taerattanachai in 2013.

ii.India’s Lakshya Sen, World No. 12 and 2023 Canada Open champion, was defeated by All England champion and world No. 7 Li Shi Feng of China in the semifinals.

  • India’s PV Sindhu lost to China’s Gao Fang Jie in the quarter-finals of US Open 2023.

About US Open 2023:
i.The USA Badminton organized this tournament with sanctions from the Badminton World Federation (BWF).
ii.The US Open 2023 marks the 58th edition and the sixteenth tournament in the 2023 BWF World Tour and the seventh Super 300 event of the season.
Total Prize Money: USD 210,000
About Badminton World Federation (BWF):
President – Poul-Erik Høyer Larsen
Headquarters – Kuala Lumpur, Malaysia
Established – 1934


Cricket: South Zone won the 2023 Duleep Trophy title defeating West Zone
On 16th July 2023, South Zone defeated West Zone by 75 runs in the finals of the 2023 Duleep Trophy Championship at the M. Chinnaswamy Stadium, Bengaluru, Karnataka.  South Zone has won the Duleep Trophy after 9 years, previously South zone was the joint winner (along with North Zone) in 2013-14 . This marks South Zone’s 14th title.

2023 Duleep Trophy, 60th edition of the Duleep Trophy, was held from 28th June 2023 to 16th July 2023.

  • West Zone was led by Priyank Panchal and South Zone was led by Hanuma Vihari.
  • Vidwath Kaverappa of South Zone won both the ‘Player of the Match’ for taking 8 wickets (7/53 and 1/51) in the final match as well as the ‘Player of the Series’ award for taking 15 wickets in 2 match.
  • The Duleep Trophy, also known by its sponsorship name, the MasterCard Duleep Trophy, is a First-Class Cricket tournament in India.
  • It is named after Kumar Shri Duleepsinghji (also called as Duleep), an Indian cricketer from then-British India.

Rajasthan Cabinet Introduced ‘Minimum Guaranteed Income Bill 2023On 18th July 2023, Rajasthan cabinet chaired by Chief Minister(CM) Ashok Gehlot introduced the Rajasthan Minimum Guaranteed Income Bill, 2023 aimed to provide social security to individuals and households of Rajasthan.

  • The Bill focuses on 3 main areas such as Right to Minimum Guaranteed Income, Right to Guaranteed Employment and Right to Guaranteed Social Security Pension.

These social security schemes were implemented by the Government of India’s United Progressive Alliance (UPA) through Rights-based Laws such as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), Right to Education (RTE) and Food Security Act.
Funding:
The government of Rajasthan provides social security pension to over 90 lakh beneficiaries at an annual expenditure of about Rs 9,000 crore, while the Central Government is providing Rs 300 crore annually by giving Rs 200/300 per month to 10 lakh persons in Rajasthan.
Right to Minimum Guaranteed Income:
iMahatma Gandhi Minimum Guaranteed Income Act Yojana or MGMGIY will be the name of the scheme, as the Right to Minimum Guaranteed Income scheme brought under the MGMGIY act.
ii. The MGMGIY scheme states that eligible persons will receive a minimum guaranteed income through this scheme, either by providing employment through the Indira Gandhi Urban Employment Guarantee Scheme (IGUEGS) in urban areas and through Chief Minister Rural Employment Guarantee Scheme (CMREGS) in rural areas.
iii. Alternatively, an eligible person may receive pension if they come under an eligible category of old age/specially abled/widow/single woman.
Right to Guaranteed Employment:
iEvery adult person residing in the rural areas of Rajasthan shall have a right to get guaranteed employment for at least additional 25 days per financial year.
ii. After completing the maximum days of work as prescribed by the MGNREGA, the persons are eligible to receive minimum wages weekly or within a fortnight.
iii. In urban areas, every adult person of Rajasthan has the right to get guaranteed employment for doing permissible work of at least 125 days per financial year and to receive minimum wages weekly or within a fortnight.
iv. If the Programme Officer fails to provide employment within 15 days of receiving an application, the applicant shall be eligible to receive an unemployment allowance from the Rajasthan government on a weekly basis or within a fortnight.
Right to Guaranteed Social Security Pension:
iThe scheme ensures every person falling in the category of old age/specially abled/widow/single woman, with prescribed eligibility, receives a pension.
ii. The pension includes an automatic increase of 15% annually on the base rate divided into 2 instalments of 5% in July and 10% in January of each financial year, starting from financial year 2024-2025.
iii. The implementation of this scheme is expected to result in an additional expenditure of Rs.2,500 crore per year for the government, which may increase with time.

Current Affairs Daily Digest – 19 July 2023


NITI Aayog launches 2nd National MPI: India’s Multidimensionally Poor declines to 14.96% in 2019-2021i.On July 17, 2023, the Vice-Chairman of National Institution for Transforming India (NITI) Aayog, Suman Bery released the 2nd edition of NITI Aayog’s Report ‘National Multidimensional Poverty Index (MPI): A Progress Review 2023‘.
ii.The report represents India’s progress in reducing multidimensional poverty between the two surveys, National Family Health Survey [NFHS-4 (2015-16)] and NFHS-5 (2019-21).
iii.India has registered a significant decline of 9.89 percentage points in number of India’s multidimensionally poor from 24.85% in 2015-16 to 14.96% in 2019-2021.
iv.Uttar Pradesh (UP) registered the largest decline in number of poor i.e. 3.43 crore people.
About National Institution For Transforming India (NITI) Aayog:
Chief Executive Officer (CEO)– B. V. R. Subrahmanyam
Headquarters– New Delhi, Delhi


IEA in collaboration with PPAC of MoP&NG launched Oil 2023 medium-term market reportOn 17th July 2023, The International Energy Agency (IEA), Paris(France)-based autonomous organization, in collaboration with Petroleum Planning and Analysis Cell (PPAC) under the administration of Ministry of Petroleum and Natural Gas (MoPNG) launched the Oil 2023 medium-term market report titled IEA Oil 2023 – Supply and demand dynamics to 2028 in Delhi for oil supply and demand.

  • The Oil 2023 medium-term market report forecasts that based on current government policies and market trends, global oil demand will rise by 6% between 2022 and 2028 to reach 105.7 million barrels per day (mb/d).
  • India`s demand for energy is growing faster than any other major economy and is expected to grow in all sectors due to favourable demographics supported by urbanization and industrialization.

About International Energy Agency (IEA):
Established in- 1974
Executive Director- Fatih Birol
Headquarters- Paris, France


Overview of PM Narendra Modi’s Visit to UAE On July 15, 2023, the Narendra Modi, Prime Minister (PM) of India, officially visited Abu Dhabi, United Arab Emirated (UAE). This mark’s his 5th visit to UAE since 2015.
He was welcomed by Crown Prince of Abu Dhabi, HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan at the airport and a ceremonial welcome and Guard of Honour were accorded to Modi
i.During the visit, two agreements were inked between the Reserve Bank of India (RBI) and Central Bank of UAE (CBUAE) to facilitating seamless cross border transactions and payments, and foster greater economic cooperation between the two countries.
ii.A Head of Agreement (HoA) was signed between India’s Indian Oil Corporation (IOC) Limited to import liquefied natural gas (LNG) from UAE’s Abu Dhabi Gas Liquefaction Co (Adnoc) Ltd and TotalEnergies of France on a long-term basis.
About United Arab Emirates (UAE):
President– Sheikh Mohamed bin Zayed Al Nahyan
Currency– UAE Dirham
Capital– Abu Dhabi


World Humanitarian Drive got special status from the UN for global educationThe World Humanitarian Drive (WHD), an international Non-governmental organization (NGO), which promotes international education and trade, has been granted special consultative status by United Nations (UN)’s Economic and Social Council (ECOSOC).
With this ECOSOC status, WHD will be authorised to interact actively with its subsidiary bodies, the Human Rights Council, certain UN General Assembly (UNGA) sessions, other intergovernmental bodies, and the UN Secretariat.
Key facilities:
iThe special consultative status will provide WHD with the privilege to access UN’s meetings, provide written and oral statements to ECOSOC.
ii. WHD can use UN facilities including submitting a quadrennial (occurring every 4 years) report on the activities of the organisation, in support of the work of ECOSOC and the UN at a recently concluded meeting held in UN in June 2023.
United Nations Economic and Social Council (ECOSOC):
iECOSOC is the highest status granted to a NGO, which allows them to facilitate with the United Nations.
ii. The status is granted to NGO’s, which have special capability and are concerned specifically with only a few of the fields of activity covered by the ECOSOC.
iii. ECOSOC has 54 member states, which are elected by the UNGA extend over 3 years of term.
About World Humanitarian Drive (WHD):
It is an International NGO with operations in 12 countries, founded in Croydon, UK.
The primary vision of WHD is to promote Peace, Education and Trade Harmony initiatives globally.
WHD also promotes key initiatives between India and the United Kingdom (UK).
Founder & Chairman- Dr Abdul Basit Syed, British Indian Global Peace activist, Entrepreneur, Writer.
Headquarters- London, the United Kingdom (UK)


UK signed treaty to join Trans-Pacific trading bloc
On 16th July 2023, the United Kingdom (UK) signed a deal to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a major Asia-Pacific trading bloc in New Zealand and became the first new member and first European nation to join since it was formed in 2018.
Kemi Badenoch, the Business and Trade Secretary of the UK signed the treaty confirming UK’s accession protocol for the CPTPP in New Zealand.

  • With the inclusion of the UK, the collective Gross domestic product (GDP) of the bloc, comprising Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, will amount to 12 trillion pounds (USD 15.7 trillion), or 15% of the global GDP.
  • The deal would mark the significant trade agreement for Britain since its departure from the European Union in 2020.
  • It will bring a barrier-free trade access for British businesses to a market of 500 million people and access to the wider region and the pact is expected to come into force in the second half of 2024.

Ashok Leyland won orders worth Rs800 crore from Indian Army to deliver Defence VehiclesOn 17th July 2023, Ashok Leyland Limited, a part of Hinduja Group, has won a contract worth Rs 800 crore to supply defence vehicles to the Indian army.

  • The contract includes the procurement of the field artillery tractor (FAT 4×4) and the gun towing vehicle (GTV 6×6).

About FAT 4×4 and GTV 6×6:
The FAT 4×4 and GTV 6×6 are specialised vehicles employed by the artillery for towing light and medium guns, respectively. Both these platforms were apparently featured in the initial positive indigenisation list announced by the government of India.

  • The vehicles will be delivered over the next 12 months to meet the requirements of the Indian Army.

Key Highlights:
iAshok Leyland’s selection for these pivotal Defence contracts emphasises its commitment to indigenous manufacturing and its position as a trusted partner for the Indian Armed Forces.
ii. The contract also establishes the leadership of Ashok Leyalnd in the defence mobility vehicle business.
iiiAshok Leyland has invested in development of mobility platforms ranging from 4×4, 6×6, 8×8, 10×10 & 12×12 for various applications and operational requirements of the Indian Armed Forces.
iv. These platforms are indigenously designed, developed and manufactured by Ashok Leyland and contribute significantly towards import substitution.
v. The new order secured from the Defence Sector marked a significant milestone in the journey of Ashok Leyland, which is going to celebrate its 75th anniversary in September 2023.
viAshok Leyland is looking at speeding up its defence business over the next 3 years to achieve Rs 3,500 crore plus tender win, compared with Rs 2,000 crore plus win over the past 5 years.
About Ashok Leyland Ltd:
Founded in- 1948
Headquarters- Chennai, Tamil Nadu
Managing Director (MD) & Chief Executive Officer (CEO)- Shenu Agarwal


Union Minister Kishan Reddy Confers Global Incredible Inc Leadership AwardOn 16th July 2023, Kishan Reddy, the Union Minister of Tourism, Culture and Development of Northeast Region (DoNER) conferred the ‘Global Incredible Inc Leadership Award’ from the U.S.India SME Council.

  • US India SME Council bestowed his efforts to promote tourism and India’s rich culture.
  • It was presented by the president and chief executive officer(CEO) of U.S. India SME Council, Inc. Elisha B. Pulivarti.

About US India SME Council:
i.US India SME Council is a Nonprofit, Membership, and Premier Business Advocacy Organization, based in Washington DC, the United States of America (USA).
ii.It is an organisation to serve the Small to Medium Business Enterprises (SMBEs) in the USA and India.
iii.It will promote trade, commerce, and people-to-people exchange programs between the United States & India.
HLPF on economic, social and environmental sustainability on tourism
On 14th July 2023, Kishan Reddy attended the United Nations World Tourism Organisation (UNWTO) High-Level Political Forum (HLPF) on economic, social and environmental sustainability on tourism in the capacity of G-20 Tourism Chair at the UN headquarters in New York, the United States of America (USA).

  • The 2023 UN HLPF theme was “Accelerating the recovery from the coronavirus disease and the full implementation of the 2030 Agenda for Sustainable Development at all levels”.
  • At the meeting, Kishan Reddy delivered a keynote address and discussed India’s progress on the 2030 Agenda for Sustainable Development and SDGs.

About the meeting:
i.The HLPF side event organised by the Ministry of Tourism and Sport of the Republic of Croatia in collaboration with the UNWTO with support of the Ministry of Tourism of India as the Chair of the G20 Tourism Committee Presidency.
ii.The aim of the meeting is to demonstrate how multilateral, governmental, corporate, and academic collaborations are actively contributing to tourism’s potential in reaching the Sustainable Development Goals (SDGs).


15th Edition of International Eni Award honours IIT-M ProfessorOn 17th July 2023, Eni, an Italian integrated energy company, announced the names of the winning researchers and scientists of the 15th edition of the Eni Award.Thalappil Pradeep, professor in the Department of Chemistry from the Indian Institute of Technology, Madras (IIT Madras), has been awarded the Advanced Environmental Solutions Award, which is dedicated to research for the protection and sustainable use of natural resources.

  • The prize is composed of a gold medal, a citation and a cash component and the award is set to be presented by the President of Italy in the near future.

Professor Thalappil Pradeep’s contribution:
iT. Pradeep’s work on affordable clean water using advanced materials has gained recognition. He made groundbreaking discoveries in sustainable nano-scale materials that effectively remove toxic contaminants from water.
ii. His research on pesticide removal has positively impacted millions of people. Moreover, his team has successfully developed ‘water-positive’ materials that can effectively eliminate toxic contaminants like arsenic, uranium, and others from water.
Other Honours:
i. T. Pradeep joins the ranks of distinguished previous awardees, including Nobel laureates such as Sir Harold W. Kroto, Alan Heeger, and Theodor Wolfgang Hänsch, along with Prof. C.N.R. Rao(Indian Chemist), a recipient of the Bharat Ratna Award in 2014.
ii. He also received other recognition such as with Padma Shri(2020)Prince Sultan Bin Abdulaziz International Prize(2022), Nikkei Asia Prize(2020), Shanti SwarupBhatnagar Prize(2008).
About Eni Awards:
iEstablished in 2007, the Eni Award is a globally recognized platform for groundbreaking research in the realms of energy and the environment. The coveted distinction of the Eni Award stems from its stringent award criteria and the esteemed selection committee, which comprises Nobel laureates among other distinguished experts.
ii. The Eni Awards are divided into three categories: Energy Transition ,Energy Frontiers, and Advanced Environmental Solutions.

About Eni:

  • Eni, established in 1953, is a comprehensive energy company operating in 69 countries worldwide. They focus on providing fully decarbonized products, balancing both environmental and financial sustainability.
  • Headquartered in Italy, Eni effectively contributes to the fulfilment of the United Nations’ Sustainable Development Goals (SDGs) within the 2030 Agenda.

Additional Info:

  • The esteemed accolades in the first category were bestowed upon Yu Huang from the University of California (Los Angeles, USA) and Jeffrey R. Long from the University of California (Berkeley, USA).
  • The second category’s laureate was Matthew Rosseinsky from the University of Liverpool (UK).

French government presented  Chevalier award to Indian Musicians Aruna Sairam & Shashank SubramanyamOn 15th July 2023, the Government of France presented the title of Chevalier (Knight) de l’Ordre des Arts et des Lettres (Order of Arts and Letters) awards to Aruna Sairam, a Padma Shri awardee and Carnatic vocalist, and Shashank Subramanyam, flautist for their contributions in connecting France and India through their music.
The award Ceremony was held at the National Day of the French Republic celebrations in Chennai, Tamil Nadu.
Ordre des arts et des lettres:
iIt is an Order of France established by the Minister of Culture in 1957 and confirmed as part of L’ordre National du Mérite by President Charles de Gaulle in 1963.
ii. It is the most significant arts-specific honour conferred by the Government of France that honours personalities who have made significant contributions to the music field, arts, literature and the cultural and artistic legacy of Indo-France relations.
iii. The award is given at three levels: Commandeur (Commander), Officier (Officer), Chevalier (Knight).
About Aruna Sairam:
iArunaSairam, born in 12th May 1960 in Mumbai, Maharashtra is regarded as the Music Ambassador of India.
iiArunaSairam is recipient of several awards including the Padma Shri for Arts in 2009 and the SangitaKalanidhi by the Music Academy in 2018.
iii. She was also elected as the Vice-Chairperson of the Sangeet Natak Akademi.
ivArunaSairam has also received the United States of America (US) Congress Proclamation Award of Excellence in 2008.
v. She received The “Kalaimamani” by the Government of Tamil Nadu in 2006.
About Shashank Subramanyam:
iShashank Subramanyam, born in October 14, 1978 in Rudrapatna, Karnataka.
ii. He was awarded the SangeetNatakAkademi Senior Award by Government of India for the year 2017.
iii. He was nominated for the Grammy for the album Floating Point with John McLaughlin in 2009.
iv. He received the Kalaimamani award from the Tamil Nadu Government in the year 2001.


Amit Shah Launches  Refund Portal to Expedite Refunds for Sahara Group Depositors
On 17th July 2023, Union Minister of Home and Cooperation Amit Shah launched the ‘Central Registrar of Cooperative Societies (CRCS) – Sahara Refund Portal’ aimed at aiding over 10 crore depositors of the Sahara Group in reclaiming their money within 45 days.

  • The refund portal has been developed by a subsidiary of Industrial Finance Corporation of India (IFCI) Ltd, a Systemically Important Non-Deposit taking Non-Banking Finance Company (NBFC-ND-SI)
  • In Phase I, around 1.7 crore investors will be beneficiaries, and claims up to ₹10,000 will be prioritised for settlement. The refunds will be credited to the Aadhaar-linked bank accounts of the investors within a 45-days registration in the portal.

About Ministry of Cooperation:
Union Minister – Amit Shah (Constituency – Gandhinagar, Gujarat)
Minister of State(MoS) –  B. L. Verma


Commonwealth Sr. Jr. & Youth Weightlifting Championship 2023: India won 20 Medlas in Senior CategoryIndian Senior weightlifting contingent won 20 medals (9 Golds, 9 Silvers and 2 Bronze) at the Commonwealth Senior, Junior, and Youth Championships 2023 in Gautam Buddha University, Greater Noida, Uttar Pradesh, India.

  • The Indian team overall won 61 medals (38 Gold, 21 Silver and 2 Bronze) across senior, junior and youth categories.
  • The event witnessed 250 weightlifters from 20 countries participating across junior, youth and senior categories from 12th July to 16 July 2023.

Note: India won 16 medals (4 Gold, 7 Silver and 5 Bronze) at the Commonwealth Weightlifting Championships 2021 held in Tashkent, Uzbekistan.Last time India hosted the tournament in Pune in 2015.
Indian medallists:
i.Gold medallists:The nine gold medallists are Komal Kohar (women’s 45kg), Gyaneshwari Yadav (women’s 49kg), Popy Hazarika (women’s 59kg), S Nirupama Devi(women’s 64kg), Vanshita Verma (women’s 81kg), Mukund Aher (men’s 55kg), Shubham Todkar (men’s 61kg), Ajith N (men’s 73kg) and Ajay Singh (men’s 81kg).
ii.Silver medallists:The nine silver medallists are Jhilli Dalabehera ( women’s 49kg), Shrabani Das (women’s 55kg), T Madhavan(men’s 67kg), Harjinder Kaur (women’s 71kg), Pallavi S(women’s 64kg), Amarjit Guru(men’s 89kg), Harshad Wadekar(men’s 96kg), Harcharan Singh ( men’s 102kg), Lovepreet Singh(men’s 109kg).
iii.Bronze medallist:The two Bronze medallist are Jagdish Vishwakarma(men’s 96kg) and Purnima Pandey (women’s +87kg)
Awards:
i.The 2022 junior World Championships silver medallist Gyaneshwari Yadav of India won the Gold medal in the women’s 49kg event, awarded as the Best Lifters in the junior category.
ii.Samoa’s Don Opeloge (102kg) and Jenly Wini Tegu (55kg) of Solomon Islands were named the ‘Best Lifters’ in the senior category.


Former Kerala CM Oommen Chandy Passes AwayOn 18th July 2024, Former Chief Minister(CM) of Kerala and veteran Indian National Congress(INC) leader Karottu Vallakalil Oommen Chandy passed away at the age of 79 in Bangaluru, Karnataka. He was born on October 31, 1943 in Kottayam, Kerala.

  • He served as the Chief Minister twice (2004–2006 and again from 2011–2016) for a total of seven years. By serving for 2,459 days as CM, he is the fourth longest served CM of the state after Kerala’s former Chief Ministers E K Nayanar (4,009 days), K Karunakaran (3,246 days) and C Achutha Menon (2,640 days)

As Member of Legislative Assembly (MLA):

  • As of 2nd August 2022,  Oommen Chandy was the longest serving Member of Legislative Assembly (MLA) of Kerala’s State Legislative Assembly representing Puthuppally constituency of Kerala for 18,728 days.
  • Since the establishment of Kerala state, the assembly has seen a total of 970 legislators, but only K M Mani(President of Kerala Congress-M) and Oommen Chandy have achieved the remarkable milestone of completing 50 years as Members of the Legislative Assembly (MLAs).
  • He is the longest-serving member of the Kerala assembly. Having commenced his tenure as a legislator with a victory in the 1970 Assembly elections, he continued to secure triumphs in 12 consecutive polls till 2021.

As a Minister:
Oommen Chandy served as a minister in the state cabinet on four separate occasions.
iIn the first Karunakaran Cabinet (1977) and the first Antony cabinet (1977-78), he held the position of Minister for Labour in Kerala State Government.

  • During his tenure as Labour Minister, Chandy introduced unemployment wages for the first time in the country.

ii. During the second Karunakaran cabinet (1981-82), he took charge of the Home Department in the State Government.
iii. Additionally, he served as the Finance Minister of Kerala from 1991 to 1994 in the fourth Karunakaran cabinet.
Additional Info:

  • Oommen Chandy received recognition from the United Nation Development Program (UNDP) for spearheading a series of pioneering initiatives in democratic governance under the Government of Kerala. These efforts aimed at enhancing people’s access and involvement in human development and governance.
  • First of its kind in the country, Chief Minister’s Mass Contact Programme, introduced by Chandy, marked a groundbreaking approach in the nation as it facilitated direct communication and interaction between Chandy and the citizens.

Former CEC of India TN Seshan authored his autobiography “Through The Broken Glass”
‘Through The Broken Glass: An Autobiography authored by T.N. Seshan, the former Chief Election Commissioner (CEC) of India, who made a significant difference to Indian elections. It was published by Rupa Publications India. This autobiography also covers his term as the CEC from 1990 to 1995 with a page count of 368. It has been published 4 years after he passed away in 2019.

  • In the early part of his career he described his first posting as a sub-collector in Dindigul and then a collector in Madurai of Tamil Nadu.
  • T.N. Seshan is also the author of An Undocumented Wonder: The Making of the Great Indian Election.

Nelson Mandela International Day 2023 – July 18The United Nations (UN)’s Nelson Mandela International Day is annually celebrated across the world on 18th July to recognise Nelson Mandela’s values, including his commitment towards social justice, peace, reconciliation, and promotion and protection of human rights.

  • This day also marks the birth anniversary (July 18, 1918) of Nelson Rolihlahla Mandela, who played an eminent role in creating non-racial constitution, non-sexist and democratic of South Africa.
  • The day is also called as Mandela Day.
  • The 2023 Mandela Day marks the 105th birth anniversary of Nelson Mandela.

Background:
iOn November 2009, the United Nations General Assembly (UNGA) passed a resolution A/RES/64/13 and declared 18th July of every year (his birthday) as “Nelson Mandela International Day“.
ii. The resolution acknowledges Nelson Mandela’s contribution to the struggle for democracy internationally and the promotion of a culture of peace throughout the world.
iii. The first UN’s Nelson Mandela International Day was observed on 18th July 2010.


World Snake Day 2023 – July 16
World Snake day is celebrated annually across the world on 16th July to raise awareness of the snakes in the world and also to recognise the importance of snakes and snakes disbelieves in our ecosystem.

  • On 16th July 2023, World Snake Day was celebrated at the National Zoological Park (Zoo) in New Delhi, Delhi for the conservation of snakes by creating awareness about different types of snakes in India.
  • On the occasion of the World Snake Day 2023, an enrichment activity was conducted by snake keeping staff by providing cage furniture in the reptile house. Plantation was also conducted inside the snake houses.
  • Interaction with about 350 visitors and small children was conducted about snakes and healthy lifestyle following the Mission LiFE (lifestyle for the environment) at the reptile house.
  • Reptile house walk was conducted and visitors interacted with the snake keepers.  Literature on reptiles was also distributed among visitors.

Note: Currently there are 31 number of snakes of 07 species present in the National Zoological Park, Delhi.


Himachal CM Sukhu launches website of Aapda Rahat Kosh-2023
On 16th July 2023, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu, launched the Aapda Rahat Kosh-2023 website, a digital platform initiative aimed at helping the disaster-affected people in the Himachal Pradesh.

  • By using this website, people can donate money in Aapda Rahat Kosh-2023 from anywhere using multiple payment methods such as debit card, credit card, net banking, Quick Response (QR) code and Unified Payments Interface (UPI).
  • The department of digital technology and governance developed a transparent web link where anyone can donate online and receive a receipt on their mobile device to facilitate this support.
  • The system has been integrated with multiple payment gateways to ensure seamless transactions and preparations are under processing to enable online donations from overseas donors.

Current Affairs Daily Digest – 18 July 2023

Cabinet approves changes to Jan Vishwas (Amendment of Provisions) Bill 2023On 12th July 2023, the union cabinet approved amendments to the Jan Vishwas (Amendment of Provisions) Bill, 2023.The amendments were made to decriminalise minor offences by amending 183 provisions in 42 Acts which administered by 19 ministers with the aim to promote ease of business and living.

  • It amends 42 laws, across multiple sectors, in agriculture, environment and media and publication.
  • This  includes the Indian Post Office Act, 1898, the Environment (Protection) Act, 1986, the Public Liability Insurance Act, 1991, and the Information Technology Act, 2000.

Backdrop:
i.The Jan Vishwas Bill was introduced in the Lok Sabha by Commerce and Industry Minister Piyush Goyal in December 2022.It was referred to a Joint Parliamentary Committee (Chair: Mr. P.P. Chaudhary), which submitted its report on March 17, 2023.

  • The Bill removes certain offences.  These include all offences under the Indian Post Office Act, 1898.
  • The Bill increases the fines and penalties for various offences in the specified Acts.The fines and penalties will be increased by 10% of the minimum amount every three years.
  • The Bill omits all offences under the Indian Post Office Act, 1898.

ii.The committee prepared a report after it has held detailed discussions with all the 19 ministries or departments along with the legislative department and department of legal affairs.
Acts in which amendments proposed:
i.The Acts which are being amended include The Drugs and Cosmetics Act(1940), Public Debt Act(1944), Pharmacy Act(1948), Cinematograph Act(1952), Copyright Act(1957), Patents Act(1970), Environment Protection Act(1986) and Motor Vehicles Act, 1988.
ii.The other laws include Trade Marks Act(1999), Railways Act(1989), Information Technology Act(2000), Prevention of Money-laundering Act(2002), Food Safety and Standards Act(2006), Legal Metrology Act(2009),and Factoring Regulation Act, 2011.
iii.These amending 42 laws are governed by various Union ministries, including finance, food production and distribution, financial services, agriculture, commerce, environment, road transport and highways, posts, electronics and Information Technology.
Outcome of the amendment:
In addition to seeking the decriminalisation of minor offences, the bill proposes the rationalisation of monetary penalties based on the extent of the offence, thus consolidating trust-based government.


SCES Replaced by SCoS to Review Surveys for NSO
The Ministry of Statistics and Programme Implementation’s (MoSPI) Standing Committee on Economic Statistics (SCES), tasked with examining economic indicators, will be replaced by a Standing Committee on Statistics(SCoS), to review the framework and results of surveys conducted for the National Statistical Office(NSO).
New Standing Committee on Statistics(SCoS):
 The new Standing Committee on Statistics (SCoS) will have a more extensive mandate. Unlike the SCES, the SCoS will not only focus on economic indicators but will also review the framework and outcomes of all surveys conducted by the National Statistical Office (NSO).
i.Pronab Sen, India’s first chief statistician and the former chairman of the National Statistical Commission (NSC), has been named the chairman of the SCoS.
ii.SCoS has 10 official members, and four non-official members who are eminent academics.
iii.The panel can have up to 16 members, as per the order issued by MoSPI.
Key points:
i.The SCoS identifies data gaps that need to be filled by official statistics with an appropriate strategy to plug those gaps.
ii.It has also been mandated to use administrative statistics to improve data outcomes and the NSC will authorize the approval of publication of the results.
Note: The SCoS has been set up due to data quality issues on household surveys on consumption expenditure and employment conducted by SCES were junked.
Standing Committee on Economic Statistics (SCES)
The SCES was set up in 2019 and primarily concerned with examining economic data related to specific sectors and surveys.

  • This was limited to datasets like the Periodic Labour Force Survey, the Annual Survey of Industries, the Index of Industrial Production and the Economic Census.
  • The SCES was also chaired by Pronab Sen. It had 28 members, including 10 non-official members.

Overview of PM Narendra Modi Official Visit to France ; Horizon 2047 Adoptedi.From July 13-15, 2023, the Prime Minister (PM) of India Narendra Modi was on an official visit to Paris, France at the invitation of President of France, Emmanuel Macron.
Notably the year 2023 marked the 25th anniversary of the India – France Strategic Partnership.
ii.This visit was an opportunity to chart the course of the partnership for the future across diverse sectors such as strategic, cultural, scientific, academic and economic cooperation.
iii.The diplomatic relations between the two countries was established in 1947, and the upgrading of the partnership to the strategic level was made in 1998, by India’s PM Atal Bihari Vajpayee and France’s President Jacques Chirac which was one of the first for India with any country.
iv.To mark the 25th anniversary of the Indo-French partnership, both countries agree to adopt a roadmap to set the course for the bilateral relationship up to 2047, which will celebrate the centenary of India’s independence, the centenary of the diplomatic relations between the two countries and 50 years of the strategic partnership.
v.PM Narendra Modi gifted a ‘sandalwood sitar’ to French President Emmanuel Macron. This unique replica of a musical instrument is an art of sandalwood carving that has been practised in Southern India for centuries.
About France:
Capital– Paris
Currency– French franc (FF)


Adani Group Commissioned India’s First Transnational Power Project to Bangladesh

On 15th July 2023, Adani Group commenced the full load power supply to Bangladesh from the Adani group’s Ultra Super-Critical Thermal Power Plant (USCTPP) in Godda, Jharkhand. This is India’s first commissioned transnational power project where 100% of the generated power is supplied to another nation.

  • Adani Group Chairman Gautam Adani called on Bangladesh Prime Minister (PM) Sheikh Hasina in Dhaka, Bangladesh on full load commencement and handover of the 1600 MW USCTPP.
  • The Godda USCTPP, marks the entry of Adani Group’s into transnational power projects. Adani Power Jharkhand Ltd. (APJL), a wholly-owned subsidiary of Adani Power Ltd, will supply 100% of the generated electricity from the plant to another nation.

Background:
iOn 6 April 2023, the first unit of 800 MW capacity of the Godda plant began commercial operations. The second unit, also of 800 MW capacity followed on June 26 2023.
ii. On July 12, 2023, APJL had successfully completed the dependable capacity test for the Godda plant, a mandatory requirement under the power purchase agreement (PPA) signed with the Bangladesh Power Development Board (BPDB).
iii. Under PPA with BPDB, executed in November 2017 for a period of 25 years, APJL will supply 1,496 MW from the Godda USCTPP via a 400 kilovolt (kV) dedicated transmission system connected to the Bangladesh grid.
Key Features:
iThe USCTPP’s commissioned in a record time of 42 months, including the establishment of a 105 kilometre (Km)-long 400 kV Double Circuit Transmission Line, the construction of a private railway line, and the implementation of an extensive water pipeline from the Ganges.
ii. With USCTPP, the electricity supplied from Godda will replace costly power generated in Bangladesh using liquid fuel.
iii. In addition, the Godda plant will supply uninterrupted and reliable electricity at a competitive tariff.
iv. The plant is expected to generate 7,200 million units of electricity per year, which will help to meet Bangladesh’s growing demand for electricity.
v. In India, the Godda power plant is the to have started operations with 100%flue gas desulphurization (FGD), selective catalytic re-converter (SCR) and zero water discharge for minimizing emissions, aligning with the norms set by the Ministry of Environment, Forests, and Climate Change (MoEF&CC) of the Government of India (GOI).
About Adani Group:
Established in- 1988
Chairman – Gautam Adani
MD- Rajesh Adani
Headquarters- Ahmedabad, Gujarat


EIB commits € 1 billion loan to support India’s National Green Hydrogen Mission 
European Investment Bank(EIB) is set to support India’s National Green Hydrogen Mission with a substantial loan of up to EURO 1 billion to boost green hydrogen and renewable energy projects in India.

  • The EIB aims to boost India’s renewable energy ambitions by supporting renewable energy generation, energy storage technologies, power transmission and distribution infrastructure.
  • EIB Vice-President Kris Peeters is set to confirm EIB’s interest to support NGHM during his visit to India to attend G20(Group of Twenty) Infrastructure Investors Dialogue (IID), which takes place during the 3rd meeting of finance ministers and central bank governors in Gandhinagar, Gujarat, India.

Key Highlights: 
i.The investments align with the European Green Deal, the EU Global Gateway strategy, and India’s own agenda on climate change, renewable energy, connectivity, and sustainable finance.
ii.The EIB’s support to this mission demonstrates its commitment to facilitating private and public investment in India, improving access to finance for entrepreneurs, and addressing the challenges posed by climate change.
India’s National Green Hydrogen Mission:
i.It aims to boost green hydrogen production and ecosystem.
ii.The government has set a target to build capabilities for producing at least 5 million metric tonnes of green hydrogen per annum by 2030.
About European Investment Bank(EIB):
The EIB is the lending institution of the European Union(EU).
EIB is one of the biggest multilateral financial institution in the world and one of the largest providers of climate finance.
President- Werner Hoyer
Headquarters– Luxembourg city, Luxembourg
Established- 1958


PNB Partners with Amul to Support Finance Dealership Network
On 1st July 2023, Punjab National Bank (PNB) has signed a Memorandum of Understanding(MoU) with the Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL), known as  “AMUL” to offer financial services to Federation’s supply network pan India under the Micro Units Development & Refinance Agency Ltd (MUDRA) scheme.
The MoU was signed at PNB’s corporate office Dwarka, New Delhi, Delhi in the presence of Jayen Mehta, Managing Director(MD), GCMMFL, M. Paramasivam, Executive Director, PNB and other senior officials of PNB and Amul.

  • Under this MoU, PNB will finance Amul’s retailers, wholesale dealers/area milk distributors and exclusive Amul preferred outlets-milk parlours through small ticket financing under MUDRA.
  • PNB will integrate with various digital channels like QR codes, POS (point of sale), UPI (Unified Payment Interface), etc., supply chain finance and EMI (Equated Monthly Instalment) collection digitally, and providing working capital limits.
  • This partnership aims to support 11 lakh retailers, wholesale dealers and others.

Tennis – Overview of 136th Edition of “The Wimbledon Championships 2023 
The 136th edition of The Wimbledon Championships (Wimbledon) 2023 took place from 26th June to 16th July 2023, the  Gentlemen’s Singles was won by Carlos Alcaraz of Spain defeating Novak Djokovic of Serbia at the centre court, All England lawn tennis and croquet club, Wimbledon, London, United Kingdom.
About Wimbledon:

  • Wimbledon was established in 1877 and organised by the All England Lawn Tennis and Crouquet Club (AELTC)& International Tennis Federation.
  • The 2023 Championships is the 129th staging of the Ladies’ Singles Championship event, the 55th in the Open Era and the 3rd Grand Slam tournament of the year.
  • It is one of the 4 Grand Slam tennis tournaments (others being Australian Open, French Open and the United States(US) open)that takes place in Grass Outdoor Courts and every player must follow the dress-code of whites.

About Wimbledon:
Chairman- Debbie Jevans
Founded- 1877
Court- Grass Outdoor


Asian Athletics Championships, Bangkok, Thailand: India finish 3rd with 27 medalsThe 25th edition of the Asian Athletics Championships held in  Supachalasai National Stadium in Bangkok, Thailand from July 12th to July 16th 2023, commemorating the 50th anniversary of the Asian Athletics Association.

  • Following the cancellation of the 2021 edition in Hangzhou, China due to COVID-19, the Asian Athletics Championships returned after a four-year hiatus.

45 events were scheduled. 2019 marked the last occurrence of the event which was held in Doha, Qatar.
About 25th Asian Athletic Championship:
2023 Mascot:
Thailand has chosen Hindu god “Hanuman” as the official mascot of 25th Asian Athletics Championships Hanuman is one of the key characters of the Indian epic “Ramayana”.
Logo:
The logo of 25th Asian Athletics Championship symbolizes the participation of athletes, their skills, teamwork, display of athleticism, dedication, and sportsmanship.
President – Dahlan Al-Hamad
Headquarters – Bangkok, Thailand
Established in – 1973


64th IMO at Chiba Japan: India Finished 9th with 2 Gold, 2 Silver & 2 Bronze
India finished at the 9th position securing two gold, silver and bronze medals in the competition out of 112 countries at the 64th International Math Olympiad (IMO) 2023 held at Chiba, Japan from July 2-13, 2023.

  • This is the fourth time India secured a position in the top 10 (India finished 7th in 1998 and in 2001, and 9th in 2002).

Winners:

  • Gold medalists: Atul Shatavart Nadig(Bengaluru,Karnataka) and Arjun Gupta(New Delhi, Delhi)
  • Silver medalists: Ananda Bhaduri(Guwahati, Assam) and Siddharth Choppara(Pune, Maharastra)
  • Bronze medalists: Adhitya Mangudy Venkata Ganesh(Pune, Maharastra) and Archit Manas(Hyderabad).

Note: Homi Bhabha Centre for Science Education(HBCSE) – Tata Institute of Fundamental Research(TIFR) is the nodal Centre for training and selecting the students for the International Olympiads (in physics, chemistry, biology, astronomy and mathematical).

  • The final team is selected through various stages of the National Olympiad Examination conducted by Homi Bhabha Centre for Science Education(HBCSE)

Football: England won the Men’s 2023 UEFA European U21 Championship title defeating Spain
England Football team won the Men’s 2023 UEFA(Union of European Football Associations) European Under 21 (U21) Championship title(1-0) defeating Spain in the finals held at Batumi Arena, Georgia. This mark’s England’s 3rd UEFA European U21 Championship title after 1982 and 1984.

  • This also marks the 9th finals of Spain, more than any other country. Italy stands 2nd with 7.

UEFA’s Technical Observer panel has named England forward Anthony Gordon as the Player of the Tournament.

  • Curtis Jones, the goal scorer of the finals was named official Under-21 EURO final Player of the Match.
  • 2023 UEFA European U21 Championship, the 24th edition of the UEFA European U21 Championship.
  • The tournament was held from 21 June to 8 July 2023 in Romania and Georgia.

This is a biennial international youth football championship organised by UEFA for the men’s U21 national teams of Europe.


Eminent Mathematician Mangala Narlikar Passed AwayOn 17th July 2023, renowned Indian mathematician and educationalist Mangala Narlikar, passed away at the age of 80 in Pune, Maharashtra. She was born on 17th May 1943 in Bombay Province, British India (now in Pune, Maharashtra).

  • She is the spouse of  Prof Jayant V. Narlikar, Indian cosmologist & astrophysicist, the founder director of the Inter-University Centre for Astronomy and Astrophysics (IUCAA), Pune(Maharashtra).

i. In 1980, she obtained her PhD in Analytic Number Theory from Mumbai University (MU)
ii. Dr Mangala Narlikar carried out research in pure mathematics and her core fields of interest were real and complex analysis, analytic geometry, number theory, algebra and topology.
iii. She worked as a Research Student and Research Associate in the School of Mathematics at the Tata Institute of Fundamental Research (TIFR) in Mumbai in 1965.
iv. She also worked for Balbharti, the Maharashtra State Bureau of Textbook Production & Curriculum Research Centre(MSBTPCRC), a government organization responsible for developing and publishing textbooks for schools in Maharashtra. Later in 2013 she was made ‘Chairman’ of Balbharti.
v. Initially, she has worked at the Tata Institute of Fundamental Research (TIFR) in Mumbai(Maharashtra) and later joined as a lecturer at Bombay University and Pune universities.
Books Written:
Mangala Narlikar has written several books for school students on mathematics in English, Hindi and Marathi in simple terms. Some of them are

Additional Info:
Jayant Narlikar (spouse of Mangala Narlikar) along with Sir Fred Hoyle developed the conformal gravity theory, called ‘Hoyle–Narlikar .


Union Minister Bhupendra Yadav Released MSSRF’s Pictorial Book on Mangrove
On 14th July 2023, Bhupender Yadav, Union Minister of Environment, Forest and Climate Change, released the pictorial book titled ‘Biodiversity and Importance of Mangrove Ecosystem’ authored by scientists from the M S Swaminathan Research Foundation (MSSRF), in Chennai, Tamil Nadu(TN).

  • It provides a comprehensive overview of the mangrove ecosystem in India and is available in English, Tamil and Telugu.
  • It contains simple descriptions to explain mangrove species across India, medicinal uses of mangroves and several wildlife creatures that thrive in the ecosystem.
  • The book can be downloaded from the MSSRF website http://www.mssrf.org

Day of International Criminal Justice 2023 – July 17Day of International Criminal Justice is annually observed across the globe by International Criminal Court (ICC) on 17th July to commemorate the anniversary of the adoption of the Rome Statute(1998), the founding treaty of the ICC.

  • The day also recognise the efforts taken by the organisations working towards bringing justice to international criminal acts like crimes against humanity, genocide, war crimes and crimes of aggression.
  • The observance is also known as World Day for International Justice or International Justice Day.

17th July 2023 marked the 25th anniversary of the adoption of the Rome Statue that founded the ICC.
Background:
iOn 17th July 1998, the treaty of the Rome Statute of the ICC was signed and adopted by 120 nations.
ii. The Rome statue laid the foundation for the establishment of the ICC on 1st July 2002 (the date the Court became operational).
iii. The date of 17 July was adopted as the Day of International Criminal Justice by the Assembly of the States Parties during the Review Conference of the Rome Statute held in Kampala (Uganda) in June 2010.
iv. The first-ever Day of International Criminal Justice was observed on 17th July 2011.
About International Criminal Court (ICC):
President– Piotr Hofmański
Headquarters– The Hague, the Netherlands


Former J&K Chief Secretary B R Sharma appointed as State Election Commissioner of J&K
On 14th July 2023, Retired IAS officer and former Chief Secretary of J&K Braj Raj Sharma(B R Sharma) was appointed as the State Election Commissioner (SEC) of J&K with effect from the date he assumes charge till he attains the age of 65. B R Sharma succeeds K Sharma whose tenure as SEC of J&K completed on 1st February 2023.
Note: The appointment was made by Lieutenant Governor  Manoj Sinha in exercise of the powers conferred by proviso to sub-section (3) of section 36 of the Jammu and Kashmir Panchayati Raj Act, 1989.

  • BR Sharma, a 1984-batch IAS officer of the Jammu and Kashmir cadre, served as the CS of J&K from 2015 to 2017.
  • He has also served as the Chairman of  Staff Selection Commission(SSC) from 2019 to 2020. He has also served as the Chief of J&K Public Service Commission (PSC) from 2020 to 2022.
  • He has also served as Secretary, Department of Border Management, Ministry of Home Affairs(MHA) and other significant roles.

Current Affairs – 16 & 17 July 2023

Union Cabinet has Approved Commercial Mining of 6 Critical Minerals Through MMDR Act

On 12th July 2023, Union Cabinet approved amendments to the Mines and Minerals (Development & Regulation) MMDR Act of 1957, for commercial mining of 6 critical minerals: lithium, titanium, beryllium, zirconium, niobium and tantalum.
Note: This is the 5th amendment to the act since 2014. Earlier amendments authorised e-auction for minerals and enabled the extension of expiring mine leases.
Key points:
i.The proposal will remove the six minerals from the India’s ‘Atomic Minerals’ list and empower the Center to auction their reserves for mining by private players.
ii.These minerals are key components of modern technologies such as mobile phones, electric vehicles, solar panels, semiconductors, and wind turbines.
iii.These minerals help in electronics and communications, India’s transition towards greener energy, electrification of the transportation sector.
The new amendment:
i.The amendment proposes for an exploration licence, awarded through an auction to carry out reconnaissance(exploration) and prospecting of a particular land for a mineral.
ii.The exploration licence for a larger area will be up to 5,000 sq km for a single block. The total area with one entity will not exceed 10,000 sq km.

  • Currently the government gives composite licences in a smaller area up to 25 square kilometres.

iii.The new amendment allows private companies to plan and explore areas where they conduct operations of mining.
OAMDR Act amended to enable commercial mining in offshore areas
On 12th July 2023, the Union Cabinet also cleared amendments to the Offshore Areas Mineral (Development and Regulation)(OAMDR) Act, 2002, which allow commercial mining of mineral resources in offshore areas.

  • Currently, the private sector is not allowed to mine mineral resources in offshore areas, including territorial waters, continental shelves, exclusive economic zones, and other maritime zones of India under the Territorial Waters, Continental Shelf, Exclusive Economic Zone and Other Maritime Zones Act.

Note:
i.Australia is the world’s top lithium producer followed by the ‘Lithium Triangle’ of Argentina, Chile and Bolivia.
ii.India meets about 70% of its lithium requirement from China and Hong Kongs and it seeks to increase the EV penetration from 1% currently to 30% by 2030.


IGIA becomes 1st Airport to have 4 Operational Runways and an Elevated Taxiway
On 14th July 2023, Delhi International Airport, also known as the Indira Gandhi International Airport(IGIA) has become the first airport in India to get four runways and dual Eastern Cross Taxiway (ECT) (elevated taxiways).

  • Jyotiraditya M. Scindia, Union Minister for Civil Aviation and Steel inaugurated the new runway and ECT at IGIA, New Delhi, Delhi.

Note: IGIA is India’s busiest and the world’s seventh-busiest airport
Key People:
General (Dr.) Vijay Kumar Singh (Retd.) Union Minister of State for Civil Aviation, and Road Transport and Highways, Sanjeev Kumar, Chairman, Airport Authority of India, G. M. Rao, Group Chairman, GMR were also present during the inaugration.
The 4th runway:
i.The 4.4-km runway with 4,400 metres length and  45 metres width  was constructed to handle Air Traffic Movements (ATM) and widebody aircraft is set to go up from 1,500 flights a day to 2,000.
ii.A ceremonial water cannon salute was accorded to Air India flight 821that took off from Delhi to Srinagar to mark the operationalisation of the fourth runway.
iii.The fourth runway construction was successfully completed in September 2021 and will be initially used only for departures.
Eastern Cross Taxiway (ECT):
i.The ECT is 2.1 kilometres long and 44 metres wide, with a gap of 47 metres between the two lanes.
ii.The taxiways will connect northern and southern airfields and reduce taxi distance for aircraft by 7 km and taxiing time for planes from 8-9 minutes.
iii.It will see a reduction of almost 55 thousand tons of carbon dioxide (CO2) emission on annual basis.
Additional Information:
i.IGIA has three terminals — T1, T2 and T3, and four runways — RW 09/27, RW 11R/29L, RW 10/28 and RW 11L/29R.
ii.Both the new runway and the taxiway are capable of handling large aircraft and wide-body jets such as Airbus 380, Boeing 777 and Boeing 747-8.


MoRTH & JICA jointly developed 5 Guidelines to Enhance Mountainous Road Infrastructure in India
On 7th July 2023, the Union Minister Nitin Jairam Gadkari, Ministry of Road Transport & Highways (MoRTH), released the five guidelines to enhance mountainous road infrastructure in India developed by MoRTH with technical assistance of Japan International Cooperation Agency (JICA).

  • These guidelines were published by Indian Road Congress (IRC).

Note: These guidelines were released during the 225th mid term council meeting of Indian Road Congress in Raipur, Chhattisgarh.
Key People:
Tamradhwaj Sahu, Minister of Public Works Department(PWD), Chhattisgarh, P V V S S Ravi Prasad, MoRTH Director General (Road Development) & Special Secretary were present during the event.
About the Guidelines:
i.The guidelines are designed to improve road networks, promote economic growth and to ensure high-quality sustainable road projects.
ii.The guidelines provide technical specifications and best practices for road construction in mountainous regions covering,

  • Planning of Hilly Roads
  • Slope Protection and Embankment with Advanced Technology
  • Tunnel on Arterial Roads in Hilly Area
  • Mountain Bridge with Advance Technology
  • Operation and Maintenance of Mountainous Highways

India & JICA partnership:
Since 2007, JICA have provided several technical cooperation projects towards the road sector in India.
This includes,

  • Capacity development of sustainable development of expressways (2007-2011)
  • Capacity development for highway operation and maintenance Project (2013-2015),
  • Capacity Development Project on Highways in Mountainous Regions (2016-2022).

About Ministry of Road Transport & Highways (MoRTH):
Union minister – Nitin Jairam Gadkari(Constituency-Nagpur, Maharashtra)
Minister of State – General (Retd.) Vijay Kumar Singh


India’s 1st PPP model ATL inaugurated in Kerala in collaboration with OPPO India
On 10th July 2023, Minister of State(MoS) for Skill Development and Entrepreneurship, Rajeev Chandrashekar inaugurated country’s first Public-Private Partnership(P3) model Atal Tinkering  Lab(ATL) under NITI(National Institution for Transforming India) Aayog’s Atal Innovation Mission(AIM) in partnership with a leading smartphone manufacturing firm, Oppo India in Thrissur, Kerala.

  • Learning Links Foundation, New Delhi based ‘not for profit’ organisation will act as the implementation partner. The ATL has been set up to empower school children in classes 6th to 12th to develop innovative solutions.
  • ‘Hub n Spoke’ strategy (a distribution network that resembles a bicycle wheel) to be followed  to create an innovative learning environment. The ATL in the nodal school will act as a ‘Hub’ for students from neighbouring government schools to conduct experiments.
  • This marks a significant milestone in India’s School Innovation journey with the aim to create an empowered future-ready workforce and nurture entrepreneurship and technological skills among the youth.

About Atal Innovation Mission(AIM):
iThe Atal Innovation Mission is a flagship initiative of the Government of India, implemented by NITI Aayog
ii. AIM was launched in 2016 with the aim of fostering innovation and entrepreneurship among Indian youth.
iii. Till 2022, 10,000 ATLs were established across 35 States and UTs in India via government grants.
About Public Private Partnership(PPP)

  • Public-private partnerships (PPPs) entail the cooperative efforts between a government agency and a private-sector entity to jointly fund, construct, and manage various projects.
  • Financing a project through a public-private partnership can allow a project to be completed sooner or make it a possibility in the first place.

About Ministry of Skill Development and Entrepreneurship
Union Minister – Shri Dharmendra Pradhan (Rajya Sabha -Madhya Pradesh)
Minister of State – Shri Rajeev Chandrasekhar


Saudi Arabia Becomes 51st Nation to sign TACOn 12th July 2023, Saudi Arabia signed the Treaty of Amity and Cooperation in Southeast Asia(TAC) with the Association of Southeast Asian Nations (ASEAN) at the 56th ASEAN Foreign Ministers’ Meeting (AMM) in Jakarta, Indonesia.

  • Saudi Arabia became the 51st nation to agree to the TAC and It was signed by Saudi Arabian Foreign Minister(FM) Prince Faisal bin Farhan Al Saud.

About Treaty of Amity and Cooperation (TAC):
i.The TAC is a peace treaty signed by ASEAN nations in 1976 to establish a set of norms to manage regional inter-state interactions based on mutual respect for sovereignty, territorial integrity, and national identity.

  • It is a legally enforceable code for regional and global inter-state relations.

ii.The Treaty has been revised three times, in 1987, 1998, and 2010, to allow states outside Southeast Asia, as well as regional bodies whose members are sovereign states, to join.
Priorities of TAC:
i.Mutual respect for all nations’ independence, sovereignty, equality, territorial integrity, and national identity.
ii.Every state has the right to live its national existence free of external intervention, subversion, and force.
iii.Non-interference in the internal affairs of one another.
iv.Disagreements or conflicts should be resolved peacefully, with no threats or use of force.
Note:

  • The countries acceded to TAC includes, India and China in 2003, the United States of America(USA) and European Union (EU) in 2009.
  • Ukraine had signed TAC in 2022 as the 50th member nation.

ASEAN Foreign Ministers’ Meeting (AMM):
i.The 56th AMM was held on 11-12 July 2023 in Jakarta, Republic of Indonesia. The Meeting was chaired by Indonesia under the theme “ASEAN Matters: Epicentrum of Growth”.
ii.The AMM was formed by the ASEAN Declaration (Bangkok Declaration) in 1967, is responsible for ASEAN’s political-security cooperation as well as ASEAN’s interactions with external parties.
iii.The 10 ASEAN member countries are Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei Darussalam, Viet Nam, Lao People’s Democratic Republic(PDR), Myanmar, and Cambodia.
About Association of Southeast Asian Nations (ASEAN):
Secretary General – Dr Kao Kim Hourn
Established – 1967
Headquarters – Jakarta, Indonesia


Bajaj Allianz Life launched ‘First Time Ever’ a Flexible and Rewarding Life Insurance Plan
Bajaj Allianz Life Insurance has launched a new life insurance plan called Bajaj Allianz Life ACE, a plan that is non-linked, participating, and offers early-income benefits, empowering customers to customise their cash flows. This is the first plan which allows such a customisation.

  • Unique feature is that the plan offers an early or deferred income option, allowing customers to start receiving income from the beginning of the policy or defer it for up to 5 years.

Key Features:
iThe plan offers the Goal Protection Benefit, ensuring that even in the unfortunate event of the policyholder’s death, their family continues to receive the income throughout the policy term.
ii. The customers have the flexibility to choose between a higher income to generate additional cash flow, a higher lump sum for creating a legacy, or a balance of both regular income and lump sum payouts.
Four product options:

The death benefit is guaranteed to be at least 105% of total premiums paid, with the sum assured on death being 11 times the annualized premium.
About Life Insurance:

Insurance serves as a protective measure against potential (financial) losses. The insurance industry comprises two main sectors: life insurance and general insurance. Life insurance pertains to the policyholder’s life, while general insurance covers various other aspects.

  • The introduction of life insurance in India can be attributed to British influence. In 1818, a British company established the Oriental Life Insurance Company in Calcutta (now Kolkata).

About Bajaj Allianz Life:
A Joint Venture between Bajaj Finserv Limited and Allianz SE (world’s leading global insurer and asset manager)
Managing Director(MD) & Chief Executive Officer(CEO) – Tarun Chugh
Headquarters – Pune, Maharashtra
Established in – 2001


IFSCA & BITS Pilani PIEDS Finxcelerator signed MoU to support FinTech & TechFin entities

On 13th July 2023, the International Financial Services Centers Authority (IFSCA) and Pilani Innovation & Entrepreneurship Development Society (PIEDS), Birla Institute of Technology and Science (BITS), Pilani (Rajasthan) signed a Memorandum of Understanding (MoU) at BITS Pilani PIEDS Finxcelerator, Pilani Campus in Rajasthan.

  • The MoU aims to set up a framework for cooperation and understanding between IFSCA and BITS Pilani PIEDS Finxcelerator to collaborate in supporting and facilitating FinTech and TechFin entities.
  • The MoU will enable cooperation and collaboration on diverse initiatives regarding FinTech.

Note: 

  • Finxcelerator is the joint initiative by the Reserve Bank Innovation Hub (RBiH) and PIEDS, BITS Pilani.
  • IFSCA is responsible for development and regulation of international financial services, including that of the insurance sector, in the Indian Financial System Code (IFSC), which is treated as a separate international financial jurisdiction, distinct from the rest of India.

Google Pay introduced UPI LITE for faster and small value transactions

On 13th July 2023, Google Pay introduced its Unified Payments Interface (UPI) LITE payment (on-device wallet) feature to allow users to make small payments without entering the  UPI personal identification number (PIN).

  • Using Google Pay’s UPI Lite, users can make  payments of up to Rs(INR) 200 without the use of a UPI PIN. Users maintain a balance of Rs 2000 (Maximum balance) in UPI Lite wallet, which can be loaded up to twice in a day and can can spend up to a total of Rs 4000 within 24 hours.
  • This is possible because the LITE account is linked to the user’s bank account but does not rely on the issuing bank’s core banking system in real-time.

Note: The UPI LITE support feature was launched by the Reserve Bank of India (RBI) along with the National Payments Corporation of India (NPCI) in September 2022, and currently it is supported by 15 banks. Paytm, PhonePe and BHIM, have the UPI LITE feature already.


BHEL signed TALA with General Electric Technology for gas turbines

In July 2023, Bharat Heavy Electricals Ltd (BHEL) signed a Technical Assistance and Licence Agreement (TALA), an extension agreement of its Gas Turbines (GTs) technology, with General Electric Technology GmbH Switzerland (GE) at BHEL corporate Office in New Delhi, Dehi.

  • Under this extension Agreement, BHEL gained better access and enhanced rights for existing/ uprated and new Gas Turbine models.
  • As per the agreement, BHEL shall also be able to supply GTs with fuel blends viz. Hydrogen, Methanol, Syngas etc. and in hybrid configuration contributing towards accelerating the energy transition in India.

BHEL in partnership with GE has been manufacturing and supplying GE designed GTs in India as well as overseas markets since 1986.

Signatories: The agreement was signed by Mr. Jai Prakash Srivastava, Director (Engineering, Research & Development) & Director (Finance – Additional Charge), BHEL and Mr. Theodoros Stamatiadis, Executive Counsel (Intellectual Property (IP)), GE Power (virtually).


ISRO successfully launched Chandrayaan-3, India’s 3rd lunar mission
On July 14, 2023, the Indian Space Research Organisation (ISRO) successfully launched ‘Chandrayaan-3 (Moon Craft)’ spacecraft into orbit onboard Launch Vehicle Mark-3-LVM 3 rocket from SDSC SHAR (Satish Dhawan Space Centre- Sriharikota Range), Sriharikota, Andhra Pradesh (AP).

  • It is India’s third lunar exploration mission after Chandrayaan 1 (launched on 22nd October 2008) and Chandrayaan 2 (launched on July 22 2019).
  • With successful landing, India will be the first country to land spacecraft near Moon’s South Pole at 70 degrees latitude, and the 4th country to soft land on the moon after the United States (US) with its Surveyor 1 in 1966; Soviet Union/Russia’s Luna 9 in 1966, and China with Chang’s 3 in 2013.
  • LVM3 is responsible for placing the integrated module, comprising the propulsion module, the lander module, and the rover, in an Elliptic Parking Orbit (EPO) measuring 170 x 36,500 km.

Note:

  • The 642 tonne LVM 3 (formerly GSLV-Geosynchronous Satellite Launch Vehicle MkIII) is 43.5 metre tall rocket, and is nicknamed as ‘Bahubali’ or ‘Fat Boy’.

About Indian Space Research Organisation (ISRO):
Chairman– S. Somanath
Headquarters– Bengaluru, Karnataka
Establishment– 1969


Indian Army signs contract for procurement of Tactical Access Switch with Tata Advanced Systems Limited

On 14th July 2023, the Indian Army signed the contract for procurement of Tactical Access Switch with Tata Advanced Systems Limited under the Make in India model to produce a compact, modular, and strengthen networking device capable of faster switching, hence increasing the Indian Army’s tactical communication capability.

  • Tactical access switch used for the communication between two tactical army troops. It is equipped with a non-blocking mode of operation as well as a switching capability for data and Voice.

Recently inducted weapons in Indian Army:
i.The Dhanush howitzer, produced by Advanced Weapons and Equipment India Limited (AWEIL) using Swedish Bofors technology, entered Eastern Ladakh in 2022. It can effectively target locations up to 48 kilometers away, showcasing its advanced capabilities.
iii.The Army has received the advanced Tata Rajak surveillance system, which can see or detect persons from a distance of more than 15 kilometres and vehicles from a distance of more than 25 kilometres.
iv.The Made in India Kalyani M4 Quick Reaction Force Vehicle built by Kalyani Group’s Bharat Forge can travel at speeds of 60-80 km/h even in the rough terrain of the Ladakh sector, with a capacity of 10 combat ready armed personnel.
About Indian Space Research Organisation (ISRO):
Chairman– S. Somanath
Headquarters– Bengaluru, Karnataka
Establishment– 1969


North Korea Conducted Second Successful Test of Solid-Fueled ICBM
On 12th July 2023, North Korea’s Hwasong-18( Mars Artillery Type 18), a intercontinental ballistic missile (ICBM) was successfully launched for the second time from Pyongyang, North Korea (Democratic People’s Republic of Korea). The first test-firing of Hwasong-18 was on 13th April 2023.

  • It uses solid-fuel technology, giving it the capability to launch with minimal preparation and allows faster deployment of missiles during a war which makes it harder for the opponent to detect signs of their launch in advance.
  • The road mobile, three stage missile flew for 74 minutes – the longest time for a North Korean missile test.
  • Hwasong-18 is the North Koreas’s first solid-fuel intercontinental ballistic missile (ICBM).

Key points:
i.The missile traveled up to a maximum altitude of 6,648 km (4,131 miles) and flew a distance of 1,001 km (622 miles).
ii.The missile finally splashed into the sea about 250km west of northern Japan’s Okushiri island.
iii.The missile landed in the East Sea,(the Sea of Japan) of the Korean peninsula and about 250 km west of northern Japan’s Okushiri island.
What is Solid Fuel Technology?
i.Solid propellants are a mixture of fuel and oxidiser to create propellants.
ii.Metallic powders such as aluminium serve as the fuel, while ammonium perchlorate, a salt of perchloric acid and ammonia, acts as oxidiser.
iii.When solid propellant burns, oxygen from the ammonium perchlorate combines with aluminium to generate enormous amounts of energy and temperatures of more than 5,000 degrees Fahrenheit (2,760 degrees Celsius), creating thrust and lifting the missile from the launch pad.
Note: North Korea was banned by the United Nations Security Council (UNSC) from ballistic missile tests after its first nuclear test in 2006.


2 components of NISAR Satellite jointly developed by NASA-ISRO combined to a single Spacecraft at ISRO
In June 2023, the engineers at Indian Space Research Organisation (ISRO) facility in Bengaluru, Karnataka joined the two main components of the NASA-ISRO Synthetic Aperture Radar (NISAR), namely the spacecraft bus and the radar instrument payload, to create a single spacecraft.

  • On 8th March 2023, the payload ( L-band radar and S-band Radar) arrived from National Aeronautics and Space Administration (NASA)’s Jet Propulsion Laboratory in  Southern California, the United States of America(USA) to Bengaluru and the bus was built at the ISRO facility.
  • NISAR jointly developed by NASA and ISRO is set to launch in early 2024 from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh(AP) atop ISRO’s Geosynchronous Satellite Launch Vehicle (GSLV) Mark II rocket.
  • According to ISRO, NISAR will map the entire globe in 12 days and provide spatially and temporally consistent data for understanding changes among other observables, the dynamics of forests, wetlands, and agricultural lands.
  • The NISAR satellite is currently undergoing performance testing, to be followed by several rounds of environmental testing to ensure its promptness for launch and meet all of its operational requirements once in orbit.

World Youth Skills Day 2023 – July 15

The United Nations(UN)’s World Youth Skills Day is annually observed across the globe on 15th July to celebrate the strategic importance of equipping young people with skills for employment, decent work and entrepreneurship.
The theme of World Youth Skills Day 2023 observed on 15th July 2023 is “Skilling teachers, trainers and youth for a transformative future”. 
Background:
i.The United Nations General Assembly(UNGA) adopted the resolution A/RES/169/145 in December 2014 and proclaimed the July 15 of every year as the World Youth Skills Day.

  • The resolution was initiated by Sri Lanka and supported by G77 (Group of 77) and China.

ii.The first ever World Youth Skills Day was observed on 15th July 2015.
About The UNESCO – UNEVOC :
The UNESCO – UNEVOC International Centre for TVET is one of 8 UNESCO institutes and centres working in the field of education.
The acronym UNEVOC is a combination of ‘UNESCO’ and ‘vocational education’.
Head of UNESCO-UNEVOC– Friedrich Huebler
Headquarters– Bonn, Germany


IRDAI appointed Tata AIG General Insurance as Lead insurer for Maharashtra

On 13th July 2023, The Insurance Regulatory and Development Authority of India (IRDAI) selected Tata AIG General Insurance Company Limited as the lead non-life insurer for the State of Maharashtra to collaborate with all other non-life and health insurance companies to increase insurance penetration in Maharashtra in line with its vision “Insurance for all by 2047”.

  • Under this collaboration,Tata AIG will leverage its expertise, technology, and partnerships to develop innovative insurance products and services that cater to the evolving needs of the people of Maharashtra.

Key features:
iAs the lead insurer, Tata AIG will also collaborate with the IRDAI and the Maharashtra Government to raise awareness of existing government schemes, enhancing insurance reach and accessibility at the Gram Panchayat (GP), district and state levels.
ii. The IRDAI has also identified key segments such as Motor Insurance, Health Insurance, Crop Insurance, support of Ministry of Micro, Small & Medium Enterprises (MSMEs) and employment related insurance solutions to drive overall insurance penetration in Maharashtra.
iiiTata AIG will also assist in promoting the adoption of flagship government schemes such as Pradhan Mantri Jan Arogya Yojana (PMJAY) in Maharashtra.
iv. The collaboration is to create a society, which is insured and aware of the list of coverage offered by their insurance policy. Maharashtra, with a strong socio-economic profile, certainly requires exponential adoption of insurance
About Tata AIG General Insurance Company Limited:
Tata AIG General Insurance Company Limited, a joint venture between the Tata Group and the American International Group (AIG), started operations on January 22, 2001.
Chairman– Saurabh Agrawal
MD&CEO– Neelesh Garg
Headquarters– Mumbai, Maharashtra

Current Affairs – 15 July 2023

Defence Ministry signs MoU with FSSAI to promote millet foods among defence personnelOn 13th July 2023, the Ministry of Defence (MoD) and Food Safety & Standards Authority of India (FSSAI) signed a Memorandum of Understanding (MoU) to promote use of millets and healthy eating practices among the Armed Forces and ensure availability of safe & nutritious food in New Delhi, Delhi.

  • The MoU was signed by Director General (Supplies and Transport) Lieutenant General Preet Mohindera Singh on behalf of Ministry of Defence (MoD) and CEO, Food Safety and Standards Authority of India (FSSAI) Shri G Kamala Vardhana Rao in the presence of Minister of Defence (MoD) Rajnath Singh and Minister of Health & Family Welfare (MoHFW) Dr Mansukh Mandaviya.

Benefits by this MoU:
i.It aims to create awareness about the nutritional benefits of diet diversity and millet-based food products among the Army personnel and also pave the way for the introduction of millet-based menus in mess, canteens and other food outlets under the MoD.
ii.This collaboration will also ensure that food handlers and chefs of mess, canteens of the Armed Forces, and other food outlets receive food safety and hygiene training in accordance with the Food Safety and Standards Act of 2006.
iii.The MoU will also encourage Armed Forces families and the general public to adopt nutritious diets, make healthy food choices, and ensure food safety.
Millets: Millets are known for their nutritional value and can contribute to a well-balanced and diverse diet.
 Book Launched: ‘Healthy Recipes for Defence’
i.The union ministers Rajnath Singh and Mansukh Mandaviya unveiled a book titled ‘Healthy Recipes for Defence’ to promote the consumption of Shree Anna (millets) and its health benefits.

  • This book will serve as a valuable resource for different canteens and food outlets under the MoD.

ii.The improvement in varieties of food provided to defence personnel assumes great importance, who work in challenging terrains and varied climatic conditions.


TCS signed contract with GeM to develop enhanced version of Government e-Marketplace portal On 13th July 2023, Tata Consultancy Services (TCS), India’s largest software exporter signed a contract with Government e-Marketplace (GeM), Government procurement portal, for developing, implementing, operating and maintaining the GeM portal in GeM headquarters New Delhi, Delhi.
Background:
i. In the early 2023, the government invited bids for developing an advanced version of the GeM portal.
ii. In June 2023, Piyush Goyal, Union Minister of Commerce and Industry and Consumer Affairs, Food & Public Distribution, and Textiles announced that TCS has won the contract to for operating and maintaining the GeM.
iii. TCS and Intellect Design Arena (Gurugram (Haryana)-based) fintech platform were the 2 highest bidders.
ivIn 2017, The task of development and maintenance of the GeM portal was awarded to Intellect Design Arena and Infibeam, a software company.
GeM Portal:
iIt was launched in 2016 by the Ministry of Commerce and Industry and it is a one-stop-shop platform for government ministries and agencies looking to procure goods and services.
ii. It is a completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface.
iii. GeM portal was developed by erstwhile Directorate General of Supplies and Disposals (DGS&D) under the Ministry of Commerce with technical support of National E-Governance Division (NeGD), Ministry of Electronics and Information Technology(MeitY).
Additional Info:
GeM sees 10x increase in public procurement during the last 3 years and its cumulative gross merchandise value (GMV) reached USD 48.75 billion (Rs. 4 lakh crore) in April 2023.
About Tata Consultancy Services (TCS):
Established in- 1968
Chairman- N. Chandrasekaran
CEO- K. Krithivasan
Headquarters- Mumbai, Maharashtra


Ashwini Vaishnaw inaugurated 7th Edition of IMC 2023 in DelhiOn 12th July 2023, the Minister of Communications(MoC) Ashwini Vaishnaw inaugurated the Curtain Raiser of 7th edition of India Mobile Congress (IMC  2023) at Pragati Maidan, New Delhi,Delhi 

  • The Department of Telecommunications (DoT) under Ministry of Communications and the Cellular Operators Association of India (COAI) will jointly host the  seventh edition of Asia’s premier digital technology exhibition with the theme ‘Global Digital Innovation’ which is scheduled to take place from 27th to 29th October at Pragati Maidan, New Delhi,Delhi.

Key Points:
iFollowing the successful launch of 5G (5th Generation) Internet in IMC 2022, the emphasis for this year’s event will be on the development of indigenous technology, fostering the growth of the telecom and semiconductor manufacturing ecosystem, and taking a leading role in 6G(6th Generation) technology.
ii. The Concept of ‘Partner Countries’and  Virtual exhibition’ will be introduced in the event.
iii. IMC 2023 plans to introduce Aspire, a startup event aimed at fostering entrepreneurship growth among young innovators and industry delegates. It will include sections like an Investor zone, pitching zone, workshop zone, and networking zone.
iv. IMC-2023 to showcase 5G use cases that are transforming key sectors such as agriculture, education, logistics, and animal husbandry.
Note: Since its establishment in 2017, the India Mobile Congress (IMC) has been pivotal in positioning India as a global leader in digital innovation.
About Ministry of Communications:
Union Minister– Ashwini Vaishnaw( Rajya Sabha Representing Odisha)
Minister of State(MoS)– Devusinh Chauhan
Note : Ashwini Vaishnaw is also the central minister for Ministry of Railways & Ministry of Electronics and Information Technology.


Ministry of Textile & Gujarat govt signed MoU to set up PM MITRA Park in Navasari, GujaratOn 13th July 2023, the Ministry of Textile, Government of India (GoI) signed an Memorandum of Understanding (MoU) with the Gujarat Government for setting up Pradhan Mantri Mega Integrated Textile Regions and Apparel (PM MITRA) Park in Vansi village, Jalalpore Taluka in Navsari District, Gujarat.

  • The PM MITRA Park in Vansi is inspired by the 5F vision of Prime Minister Narendra Modi: Farm to Fibre to Fabric to Fashion to Foreign.
  • The MoU was signed in the presence of Piyush Goyal, Union Minister of Textile, and Gujarat Chief Minister (CM) Bhupendra Patel at the signing ceremony held at the Convention Hall of Veer Narmad University in Surat, Gujarat.

Highlights of MoU:
i.The park will be built through a Special Purpose Vehicle with 51% equity from Gujarat and 49% from the centre.The Gujarat government announced that the Gujarat Industrial Development Corporation (GIDC) will build the PM Mitra Park on a 1142 acres land  in Vansi-Borsi, Navsari district, Gujarat.
ii.The central government would fund 30% of the overall investment, or Rs 500 crore, under this Rs 1500 Crore investment.
iii.Benefits:The development of world-class industrial infrastructure at the PM MITRA Park will attract large-scale investment, including Foreign Direct Investment (FDI).

  • It will aid in increasing investment in the textile sector, creating job opportunities, and establishing India as a textile production and export hub.

About PM MITRA : 
i.On 17th March 2023, the central Government announced the sites for setting up of PM MITRA Parks in the states of Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh and Maharashtra.
click here to know more
The establishment of PM MITRA Parks are a unique strategy in which the Centre and State Governments would collaborate to enhance investment, foster innovation, and create job opportunities, ultimately transforming India into a global hub for textile manufacture and exports.
About Gujarat:
Chief Minister– Bhupendra Rajnikant Patel
Governor – Acharya Devvrat
Wildlife Sanctuaries – Shoolpaneshwar Wildlife Sanctuary, Barda Wildlife Sanctuary


MoPR launched Action Taken Report Module of AuditOnline
Ministry of Panchayati Raj (MoPR) launched the Action Taken Report (ATR) Module of AuditOnline during a virtual event presided over by Kapil Moreshwar Patil, Union Minister of State(MoS), MoPR. The module aims to provide a more structured approach to the audit process, ensuring clarity on the actions taken in response to audit findings.

  • In order to achieve the accountability through audits the MoPR introduced the ATR Module aimed towards increasing the online audit process and also promoting digital governance at the grassroots level.
  • The ATR Module of AuditOnline will enable Panchayats to become more accountable, efficient, empowered and corruption-free, ensuring a seamless management and utilization of funds at Gram Panchayat level across India.
  • During the last two audit periods 2020–21 and 2021–22, states have generated over 200,000 Audit Reports. As on date, 256,795 Panchayats have been registered; 2,103,058 observations have been documented and 211,278 (~ 80%) Panchayati Raj Institutions (PRI) Audit Reports have been generated for audit period 2021–22.

Note: On April 15, 2020, the MoPR launched the AuditOnline application to enable online audits of Panchayat accounts and strengthen financial management and transparency.


BSE launched new logo on its 149th Foundation Day 
On 10th July 2023, S.S. Mundra, Chairman of BSE Limited (formerly known as the Bombay Stock Exchange), launched BSE’s new logo during the event organised to mark the celebration of its 149th foundation day at BSE International Convention Hall, Mumbai, Maharashtra.

  • BSE, established in 1875 as as the Native Share & Stock Broker’s Association, was the first ever stock exchange in Asia.

In 1956, BSE became Inida’s 1st stock exchange to receive permanent recognition under the Securities Contracts (Regulation) Act 1956.


THE Young University Rankings 2023 : Mahatma Gandhi University Secures Top among Indian Universities According to the Times Higher Education(THE) ‘Young University Rankings(YUR)-2023’ Mahatma Gandhi University (MGU), Kerala has emerged as top among Indian universities under and secured 77 globally.Nanyang Technological University, Singapore tops the list in 2023.

  • The only three universities from India in the Top 100 World List are Mahatma Gandhi University, JSS Academy of Higher Education and Research, Shoolini University of Biotechnology and Management Sciences.

Indian Universities’ Performance
MGU followed by JSS Academy of Higher Education and Research, Mysore, Karnataka and Shoolini University of Biotechnology and Management Sciences, Solan, Himachal Pradesh in top three positions among Indian Universities.

  • JSS Academy of Higher Education and Research, Mysore, Karnataka ranked 79 and Shoolini University of Biotechnology and Management Sciences ranked 91st in the ranking list.

LPU Ranks Ahead of 3 IITs in India
Lovely Professional University (LPU) placed in World’s Rank Band 251-300 in the ranking THE YUR 2023 list among the other universities created since 1973.LPU has surpassed three IITs, namely IIT Guwahati and Bhubaneswar (ranked within the 301-350 band), as well as IIT Mandi (ranked within the 351-400 band).
About Times Higher Education:
First issue- 1971
Headquarters- London, United Kingdom (UK)


Microplastics can alter Gut Microbiome, cause Intestinal Inflammation: FAO
The Food and Agriculture Organization (FAO) released a report titled ‘The Impact of Microplastics and Nanoplastics on Human Health‘. As per it, Microplastics and nanoplastics significantly affect the gut microbiomes of humans, animals, and the environment.

  • The report highlights instances where changes in intestinal structure and gastrointestinal functioning have been observed as a result of exposure to microplastics and nanoplastics. However, the effects of exposure to other plastic chemicals on the gut microbiome remain largely unexplored.
  • The report’s authors reviewed 146 articles on the subject.

Key Points:
i.Microplastics and nanoplastics have been found to affect soil microorganisms and permeate the entire food chain.
ii.Research shows that exposure to plastic leads to intestinal inflammation and gut dysbiosis, affecting the gut microbiome and microbiota in aquatic species, rodents, and humans.
iii.Microplastics found in water bottles and food items like sugar, honey, sea salt, and tea have been detected in human lung tissue, placenta, stool, blood, and meconium.
iv.Microplastics (0.1 to 5,000 μm) and nanoplastics (0.001 to 0.1 μm) are widespread contaminants of growing concern due to their potential impact on the environment, animals, and human health.
v.Physical abrasion of microplastic and its accumulation in the gut can make an organism feel ful,l resulted in decreased food intake. This can eventually cause weight loss and changes in metabolism.


2023 UNAIDS Global AIDS Update: World can end AIDS by 2030UNAIDS, the Joint United Nations (UN) Programme on Human immunodeficiency viruses (HIV)/Acquired immune deficiency syndrome (AIDS), report titled “2023 UNAIDS Global AIDS Update – The Path That Ends AIDS” highlights that there is a path to end AIDS by 2030 and it requires strong political leadership, following the science, tackling inequalities and ensuring sustainable funding.
The report contains data and case studies which highlight that ending AIDS is a political and financial choice, and that the countries and leaders who are already following the path are achieving extraordinary results.
Progress:
i.Progress in AIDS response has been strongest in the countries and regions such as in eastern and southern Africa (that have the most financial investments), where new HIV infections have been reduced by 57% since 2010.
ii.Due to investment in ending AIDS among children, 82% of pregnant and breastfeeding women living with HIV globally were accessing antiretroviral treatment in 2022, up from 46% in 2010. New infections among children have fallen by 58 % during the same period, the lowest number since the 1980s.
iii. Funding for HIV found to be declined in 2022 from both international and domestic sources, and has fallen back to the same level as in 2013.

  • A total of USD 20.8 billion was available in 2022, and far short of the USD 29.3 billion needed by 2025.

iv. As per the update, in 2022, 1.3 million people became newly infected with HIV and 630,000 died from AIDS-related illnesses.
Estimations from the update:
iIn 2022, an estimated 39 million people around the world were living with HIV and if it left untreated, it can progress to AIDS.
ii. Countries/regions such as eastern Europe and central Asia, Middle East and North Africa encountered a steep increase in new infections.
iii. It is primarily due to a lack of HIV prevention services for marginalised and key populations and the barriers posed by punitive (intended as a punishment) laws and social discrimination.
iv. Several countries have removed harmful laws in 2022 and 2023, including Antigua and Barbuda, Barbados, Cook Islands, Saint Kitts and Nevis, Singapore that have decriminalized same-sex sexual relations.
v. Whereas existing laws to protect the rights of vulnerable people have been strengthened in other countries such as Central African Republic, Ghana, India, Kazakhstan, Kuwait, Spain.


INS Sunayna participates in CMF Exercise ‘Operation Southern Readiness 2023’ in SeychellesFrom July 10-12, 2023, INS (Indian Naval Ship) Sunayna, a second Saryu-class patrol vessel, participated in two-week long annual training exercise ‘Operation Southern Readiness 2023’, conducted by Combined Maritime Forces (CMF), in Seychelles to strengthen international collaboration at sea & enhances operational readiness.

  • The exercise was led by CMF’s new maritime security training staff, CTF-154.
  • The training exercise onboard was witnessed by a delegation of CMF from Bahrain headed by Cmde Oliver, Commander of CTF56.

Aim of CMF exercise:
To enhance maritime security, countering piracy to ensure safety and freedom of navigation in the region
Participants:
Navies from the United States (US), United Kingdom (UK), Italy, Seychelles Defence Forces & Marine Police, and member nations of EUNAVFOR (European Union Naval Force).
Key Points:
i.Professional interactions, subject matter expert exchanges and visits were held during the CMF along with lecture and practical demonstrations on varied aspects of Navigation, VBSS (Basic and Advanced training), Maritime Domain Awareness and mass casualty evacuation drills.
ii.A combined yoga session was organised onboard with participation of personnel from Seychelles Defence Forces and CMF along with the ship’s crew.
About Combined Maritime Forces (CMF):
It is a multi-national naval partnership to promote security, stability and prosperity across  approximately 3.2 million square miles of international waters. Its main focus areas are defeating terrorism, preventing piracy, encouraging regional cooperation, and promoting a safe maritime environment. It has 5 Combined Task Forces (CTFx):

Member nations:
It has 38 members: Australia, Bahrain, Belgium, Brazil, Canada, Denmark, Djibouti, Egypt, France, Germany, Greece, India, Iraq, Italy, Japan, Jordan, Kenya, Republic of Korea, Kuwait, Malaysia, the Netherlands, New Zealand, Norway, Oman, Pakistan, the Philippines, Portugal, Qatar, Saudi Arabia, Seychelles, Singapore, Spain, Thailand, Türkiye, UAE, United Kingdom, United States, and Yemen.


SEBI mandates Certification for ESG rating providers within 6 months; Tightens Disclosure Norms for Listed Firms
i.The Securities and Exchange Board of India (SEBI) has mandated that all entities providing ESG (Environmental, Social, Governance) rating services to Indian entities to get a certification from it within 6 months w.e.f. July 3, 2023.
ii.A person acting as an ESG rating may continue to do so for a period of six months from the date of this regulation coming into force.
iii.To render their ESG rating services, institutions will have to be incorporated as a company under the Companies Act, 2013, with ESG marked as the main object under their Memorandum of Association (MoA).
iv.SEBI has also tightened the disclosure norms for listed companies with strict timelines and introduced criteria for determining the materiality of events w.e.f. July 15, 2023.
About Securities Exchange Board of India (SEBI):
Chairperson -Madhabi Puri Buch
Headquarters – Mumbai, Maharashtra
Establishment – 12 April 1992


HDFC Bank becomes first to offer interoperability between CBDC and UPIOn 13 July 2023, HDFC(Housing Development Finance Corporation) Bank, the largest private sector lender in India launched UPI QR code(Unified Payments Interface Quick Response code)interoperable with India’s sovereign digital currency, Central Bank Digital Currency (CBDC).

  • With this, HDFC Bank became the first bank in the country to complete the integration process between UPI payment system and Digital currency.
  • HDFC Bank will enable Digital Rupee payments in several cities, including Mumbai, Delhi, Chandigarh, Bhubaneswar, Bengaluru, Ahmedabad, Guwahati, and Gangtok.

Benefits:
i .This feature will benefit customers as it enables them to transact using the funds available in their CBDC wallet through UPI QR codes.
ii.Previously, HDFC Bank customers had to scan two separate QR codes for their CBDC wallet and UPI payment respectively, causing inconvenience.
iii.The new single UPI QR code allows customers to make CBDC wallet payments with a single scan. Merchants also benefited by displaying only one QR code.
About Central bank digital currency (CBDC):
A Central Bank Digital Currency (CBDC) or national digital currency, is the digital form of a country’s fiat currency. Instead of printing paper currency or minting coins, the central bank issues electronic tokens. This token value is backed by the full faith and credit of the government.

  • Reserve Bank of India Act, 1934 was amended to launch CBDC.
  • Referred to as e₹ (digital Rupee), CBDC can be classified into two broad types viz. general purpose for retail (CBDC-R) and wholesale (CBDC-W).
  • RBI has started a pilot on CDBC on the wholesale side on November 1, 2022. Retail testing started on December 1, 2022.

About Unified Payment Interface(UPI):

  • Developed by the National Payments Corporation of India (NPCI), UPI is a widely used mobile payment system and most popular digital payment mode in the country that enables seamless and cost-free transfer of funds between bank accounts.
  • UPI was launched in 2016 by then Reserve Bank of India(RBI) Governor Raghuram G Rajan.

About HDFC(Housing Development Finance Corporation) Bank
Managing Director(MD) & Chief Executive Officer(CEO) – Sashidhar Jagdishan
Headquarters – Mumbai, Maharashtra
Established in – 1994
Tagline – We understand your world


RBI cancelled Licence of 2 co-operative banks, Harihareshwar Sahakari Bank and Sri Sharada Mahila Cooperative BankOn 11th July 2023, the Reserve bank of India (RBI) cancelled the banking licence of two cooperative banks, Sri Sharada Mahila Co-operative Bank, Tumkur, Karnataka and Harihareshwar Sahakari Bank, Satara in Maharashtra.

  • The licence were cancelled by RBI under Section 22 of the Banking Regulation Act, 1949 as these cooperative banks do not have adequate capital and earning prospects and have failed to comply with the requirements of the banking regulation act.
  • RBI has asked these two lenders to cease banking business from 11 July 2023 in two separate statements.

Deposits in the 2 banks:
iAbout 99.96% of the depositors of HarihareshwarSahakari Bank are entitled to receive the full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC).

  • As on March 8 2023, DICGC has already paid Rs57.24 crore of the total insured deposits to the depositors of the Harihareshwar Sahakari Bank.

ii. About 97.82% of the depositors Sri SharadaMahila Cooperative Bank are entitled to receive full amount of their deposits from DICGC.

  • As on 12 June 2023, DICGC has already paid Rs 15.06 crore of the total insured deposits based on the willingness received from the concerned depositors of the Sri Sharada Mahila Cooperative Bank.

RBI Statement:
iAS pre RBI, on liquidation, every depositor of these 2 banks would be entitled to receive deposit insurance claim amount of his/her deposits of up to a monetary ceiling of Rs 5 lakh from DICGC.
ii. Consequent to the cancellation of their licences, the banks have been prohibited from conducting the business of ‘banking’ which includes, acceptance of deposits and repayment of deposits, among other things.
iii. The continuance of these banks was prejudicial to the interests of its depositors. With their present financial position, these banks would be unable to pay their present depositors in full.
About Reserve Bank of India (RBI):
Established on-  April 1, 1935
Governor- Shaktikanta Das
Deputy Governors- Swaminathan Jankiraman, Michael Debabrata Patra, M Rajeshwar Rao and T Rabi Sankar
Headquarters- Mumbai, Maharashtra


PayU, AWS India & Chiratae Ventures partners to launch ‘inFINity’ – a Fintech Accelerator   for Early-Stage Start-UpsOn July 12, 2023, PayU Payments Private Limited(PayU), leading payments solution provider, in collaboration with Amazon Web Services(AWS) India and Chiratae Ventures, a venture capital firm, launched a 45-day fintech accelerator program called ‘inFINity’ for early-stage startups in India.
Key Points:
i.The deadline to apply for the program is August 11, 2023. Selected applicants will be announced on August 17, and the program will begin on August 31 with a three-day in-person boot camp in Bengaluru(Karnataka), followed by four weeks of intensive online training.
ii.Startups applying for the program should either be self-funded or have raised less than $5 million in funding. They should also be seeking Seed to Series A funding and have a minimum viable product (MVP) already developed.
iii.The cohort will receive training and mentorship sessions, including access to PayU experts who will guide them in scaling their business operations and expanding their customer base.
About PayU Payments Private Limited(PayU):
CEO of PayU India– Anirban Mukherjee
Headquarters– Gurugram, Haryana


Fincare Small Finance Bank launched “The Great Indian FD Fest” campaign
On 10th July 2023, Fincare Small Finance Bank Limited (FSFBL) launched its new multilingual Television Commercial (TVC) campaign “The Great Indian Fixed Deposit (FD) Fest” to raise awareness about the bank’s interest rate offering for all categories of customers and highlight the significance of fixed deposit (FD) as a stable and long-term investment suitable for everyone. The media campaign features FSFBL’s Brand Amabssador Grand Master (GM) Viswanathan Anand.

  • Currently the bank is offering the highest interest rate of 9.11% for senior citizens on an investment of as little as Rs 5000 for a tenure of 1000 days and 8.51% for general citizens.
  • The Great Indian FD Fest campaign celebrates the spirit of financial empowerment and gives a golden opportunity for every Indian to secure their financial future through FDs.

The Goa Government Has Signed 3 MoUs with CGTMSE, Paytm and ICAI

On 13th July 2023, the Goa government signed 3 Memorandums of Understanding (MoUs) with Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), Paytm and Institute of Chartered Accountants of India (ICAI).

  • The MoUs focus on supporting Micro, Small & Medium Enterprises(MSMEs), enable digital payments in Goa government departments and to contribute to effective policy-making.

The Three MoUs:
1.Goa’s MoU with CGTMSE:
i.The MoUs signed with the CGTMSE aims to administer the Goa Credit Guarantee Scheme, also known as the Mukhyamantri Saral Udyog Sahayya Yojana, within Goa.
ii.The scheme is designed by offering credit guarantees which provide easy access to financial assistance to MSMEs in Goa.
About the CGTMSE:
i.The CGTMSE for micro and small enterprises (MSEs) depends on the loan amount, the category of entrepreneurs, and the geographical region.
ii.For micro-enterprises with loans up to Rs 5 lakh, the guarantee cover available under CGTMSE is up to 85%.
iii.For loans between Rs 5 lakh and Rs 5 crore, it is up to 75%.
iv.For women entrepreneurs, Scheduled Castes(SC)-Scheduled Tribes(ST) entrepreneurs, MSEs located in aspirational districts, and Zero Defect and Zero Effect (ZED)-certified MSEs, the guarantee cover is up to 85 % for loans up to Rs 5 crore.
2.Goa’s MoU with Paytm:
i.The MoU with Paytm, a leading digital payments company, was signed to facilitate digital payments across various government departments.
ii.This includes deploying Paytm devices such as electronic data capture (EDC) machines, point-of-sale (POS) terminals, and QR (Quick Response) code systems.
3.Goa’s MoU with ICAI:
The MoU with the ICAI was signed to collaborate in capacity building, research, policy-making assistance, consulting, and other activities of Goa government through the experts of ICAI.
About Goa:
Chief Minister (CM)- Pramod Sawant
Governor- P.S. Sreedharan Pillai
Capital- Panaji


J&K Govt created Department of Public Grievances in Union Territory
On 12th July 2023, the government of Jammu & Kashmir (J&K) accorded to the creation of “Department of Public Grievances” as a separate Administrative Department in the Union Territory, which will also deal with the redressal of Public Grievances, and Lieutenant Governor’s (LG) Mulaqaat – Live Public Grievance Hearing.

  • This is in line with the commitment of the J&K government that foresees promotion of citizen-centric governance with emphasis on grievance redressal innovations through e-Governance.
  • The sanction was accorded in pursuance of Entry 15 of the Second Schedule of Transaction of Business of the Government of Union territory of Jammu and Kashmir Rules.
  • It will also deal with J&K Integrated Grievance Redress and Monitoring System (JK-GRAMS); Monitoring disposal of grievances by Administrative Departments and subordinate offices; Grievance Redressal Quality Monitoring and monitoring of redressal of grievances received on social media.

Note:  LGs Grievance Cell shall be subsumed in the Department of Public Grievances, and Staff provided in the LG’s Grievance Cell by the General Administration Department shall work in the new Department till posting of permanent staff.  Requiremnet of staff shall be met through internal adjustment and there shall be no fresh creation of posts in this regard.

Current Affairs – 14 July 2023

Highlights of 50th meeting of GST Council held in New DelhiOn July 11, 2023, the 50th meeting of the Goods and Services Tax (GST) Council was held in New Delhi, Delhi under the chairpersonship of Union Minister Nirmala Sitharaman, Ministry of Finance.
Matters Covered during the 50th GST Council meeting
i.Rate decisions taken on goods and services, as well as clarifications issued and rate regularizations undertaken.
ii.Recommendations of various Group of Ministers (GoMs) were discussed.
iii.Clarification on compensation cess dues have been paid to the states that have submitted AG-certified claims, and the states yet to submit their AG certificates will also be settled on submission of the same.
GST Council Meeting: The 50th milestone
i.To mark the milestone of 50th meeting of the GST Council, Union Minister Nirmala Sitharaman(Chairperson) released a short video film titled ‘GST Council- 50 steps towards a journey’ in the presence of the Members of the Council.

  • The film showcases the evolution of the GST Council and is available in Hindi, English, and 11 regional languages.

ii.To commemorate this milestone, the Chief Post Master General (CPMG), Delhi, presented the Chairperson and Members of the Council with a Special Cover and customised ‘My Stamp’.


QCOs notified for Potable Water Bottles and Flame-Producing Lighters by DPIIT

On 5th July 2023, Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce & Industry, notified new Quality Control Orders (QCOs) on Potable Water Bottles and Flame-Producing Lighters to enhance public health and safety of consumers.

  • Flame – Producing Lighters (Quality Control) Order, 2023
  • Potable Water Bottles (Quality Control) Order, 2023.

Key points:
i.To support domestic micro and small industries, the government has provided a relaxations in terms of the timeline for the implementing the QCO.

  • for Small Enterprises, this QCO shall come into force with effect from 9 months from the date of publication of this notification.
  • For Micro Enterprises, this QCO shall come into force with effect from 12 months from the date of publication of this notification.
  • This aims to safeguard their interests while ensuring smooth transition and fostering a business-friendly environment.

About Ministry of Commerce & Industry:
Union Minister- Piyush Goyal
Minister of State- Anupriya Singh Patel; Som Parkash


ONGC India’s first CPSE to get certified for Anti-Bribery Management System by InterCert USA
Oil and Natural Gas Corporation (ONGC), the largest crude oil and natural gas Maharatna Company in India, has become the first Central Public Sector Enterprise (CPSE) in India to get certified for Anti-Bribery Management System (ABMS) by M/s InterCert USA, an international accredited certification body in the United States of America (USA).

  • Arun Kumar Singh, Chairman & Chief Executive Officer (CEO) of ONGC, received the ABMS Certificate in an award ceremony.

Note:
ONGC was the first organization in India that adopted the Integrity Pact (IP) by Transparency International (Anti-Corruption) in 2005.
The ABMS Certification is one of the significant achievements for ONGC’s efforts towards strengthening its ability as a trusted business partner.
Key People:
Ranjan Prakash Thakur, Chief Vigilance Officer (CVO) and key representatives from ONGC along with a representative from the Certification Body M/s InterCert were present during the award ceremony.
Implementation of ABMS:
After complete assessment and validation by M/s InterCert USA, ABMS has been implemented as per International Organization for Standardization (ISO) 37001:2016 International Standard under the guidance of an international consultancy firm M/s Digital Age, in the first phase across 10 departments of ONGC’s Corporate Office in Delhi.
Anti-Bribery Management System:
iISO 37001:2016, an international Standard on the domain of ABMS, specifies requirements and provides guidance for establishing, implementing, maintaining, reviewing and improving an anti-bribery management system.
ii. It allows organizations to prevent, detect and address bribery by adopting an Anti-bribery policy.


Manoj Ahuja Launched BHARAT Campaign for Mobilization of Funds Through Banks
On 12th July 2023, Manoj Ahuja, Secretary, Ministry of Agriculture & Farmers Welfare(MoA&FW), virtually launched a new campaign for banks under Agriculture Infrastructure Fund (AIF) titled BHARAT (Banks Heralding Accelerated Rural & Agriculture Transformation) to mobilize funds from banks
The 1 month long campaign, which will run from 15th July 2023 to 15th August 2023, was launched with a target of Rs 7200 crore.
Key People:
The video conference was attended by banking executives of commercial Banks in the public and private sector, Regional Rural Banks(RRBs), Small Finance Banks(SFB), Non-Banking Financial Companies (NBFC) and select cooperative Banks.
Key Points:
i.The banks support to this scheme has created 31, 850 agriculture infrastructure projects with Rs 24750 crores as loan under AIF with an outlay of Rs 42,000 crores.
ii.Some of the top-performing Banks in the scheme include State Bank of India (SBI), Canara Bank, Punjab National Bank (PNB), HDFC, Kotak Mahindra Bank, Madhya Pradesh Gramin Bank, Madhyanchal Gramin Bank and Punjab Gramin Bank (PGB).
MoA&FW asks banks to promote Rs 1 Lakh Crore AIF
On 13th July 2023, the Ministry of Agriculture called upon the banks to promote Rs 1 lakh crore AIF for creation of necessary infrastructure in the farm sector.

  • Under this scheme, Rs 1 lakh crore is to be disbursed by financial year 2025-26 and the interest subvention and credit guarantee assistance will be given till the year 2032-33.

About Agriculture Infrastructure Fund (AIF):
It is a financing facility launched on 8th July 2020, for creation of post-harvest management infrastructure and community farm assets.
The scheme disburses Rs 1 lakh crore by financial year 2025-26 and the interest subvention and credit guarantee assistance will be given till the year 2032-33.


India’s 1st AI News Anchor introduced by OTV in Odisha
On 9th July, 2023, Odisha Television Limited (OTV), an Odia based broadcast and digital media company in Odisha, introduced India’s and Odisha’s first regional multi-lingual Artificial Intelligence (AI) news anchor named “Lisa” in a ceremony held in Bhubaneswar, Odisha. The introduction of AI Lisa, is an initiative driven by the visionary team of OTV.

  • Lisa is the first AI anchor in the free-to-air regional television broadcasting platform and also the first Odia news anchor with an ability to speak multiple languages including Odia, English and others.
  • Its development involved a large language model (LLM), learning algorithms and voice recognition capabilities to create an anchor that could simulate human-like interactions.

External Affairs Minister S Jaishankar visited Tanzania officially for 4-daysDr. Jaishankar, External Affairs Minister (EAM) went on a four-day official visit to United Republic of Tanzania from 5-8 July 2023.
EAM’s visit to Tanzania will further integrate the bilateral relations between the two nations.
Overview of EAM’s Visits:
iOn the 4 day visit, Jaishankar first visited a water supply project funded by line of credit from the Government of India in Zanzibar, an island of Tanzania from 5th to 6th July 2023.
ii. He also attended a reception of Indian Naval Ship (INS) Trishul.
iii. He co-chaired the 10th India-Tanzania Joint Commission Meeting with his counterpart and looked to Tanzania’s top leadership, including several Cabinet rank Ministers from 7-8th July 2023 in Dar-es-Salaam, Tanzania.
iv. He also met with the members of the Parliamentary Friendship Group for India and inaugurated an India-Tanzania business meeting.
v. Then he addressed the Indian diaspora and inaugurated the statue of Swami Vivekananda in Dar es Salaam.
India-Tanzania tie-ups:
iIndia and Tanzania have close and friendly relations. EAM’s visit to Tanzania will further integrate the bilateral relations between the two nations.


UN Report: Global public debt hit record USD 92 trillion in 2022
On 12th July 2023, Antonio Guterres, the United Nations secretary-general (UNSG) launched  “A world of debt. A growing burden to global prosperity”, a new report from the UN global crisis response group and as per the report nearly 40% of the developing countries in the World is in serious debt, as public debt reached a record USD 92 trillion in 2022, which is five-fold since 2000.

  • According to the report the Governments borrowed to country crises on development include the COVID-19 pandemic, the cost-of-living crisis, and climate change.
  • Some 3.3 billion people, almost half of humanity living in countries that spend more on debt interest payments than on education or health.
  • The report was jointly prepared by the UN Global Crisis Response Group, the United Nations Conference on Trade and Development (UNCTAD), and the five United Nations Regional Economic Commissions.

Developing Countries and Debt Burden:
iDomestic and external debt worldwide has increased more than five times in the last two decades, outstripping the rate of economic growth, with gross domestic product (GDP), which tripled at the same time since 2002.
ii. Developing countries owe almost 30% of the total, of which roughly 70% is attributable to China, India and Brazil.
iii. 59 developing countries are struggling a debt-to-GDP ratio above 60% – a threshold indicating high levels of debt.Developing countries’ total public debt increased from 35% of GDP in 2010 to 60% in 2021. Similarly, external public debt, the part of a government’s debt owed to foreign creditors, increased from 19% of GDP to 29% of GDP in 2021.
iv. The report also added that debt has been translating into a substantial burden for developing countries due to limited access to financing, rising borrowing costs, currency devaluations and sluggish growth.
v. The net interest debt payments exceeding 10% of revenues for 50 emerging economies worldwide.
vi. Private creditors, such as bondholders and banks, represent 62% of developing countries’ total external public debt.
vii. African countries on average, pay 4 times more for borrowing than the United States of America (USA) and 8 times more than the wealthiest European countries.
Controlling measures:
iAs per UN, multilateral lenders should expand their financing, with measures such as a temporary suspension of International Monetary Fund (IMF) surcharges, commissions charged to borrowers using its credit lines extensively and increased financing access for countries in debt distress.
ii. A debt workout mechanism is also needed to address the slow progress of the G20 Common Framework.

  • The debt treatment framework was adopted by the Group of 20 major economies and official creditors in October 2020, and aims to include non-Paris club members such as China in debt relief.

Razorpay India launches first International payment gateway through Curlec in Malaysia
On 12 July 2023,   Razorpay, a prominent Indian Full-Stack Payments and Business Banking Platform, unveiled its first international Payment Gateway in Malaysia, in collaboration with Curlec, under the brand Curlec By Razorpay’ with the aims to bridge the gap between local and international payment gateways.
Key Points:

  • Payment Gateway intends to cater to over 5,000 businesses, with a target of achieving an annualised Gross Transaction Value (GTV) of Malaysian Ringgit 10 billion (USD 2.1 billion) by 2025.
  • Razorpay bought the Malaysian startup Curlec in a USD($)20 Million deal in February, 2022.

Additional Info:

  • Collaboration was driven by a shared vision to develop products that cater to the needs of the South East Asian(SEA) region. 
  • Razorpay is eager to capitalise on Malaysia’s growing digital economy, as digital trade contributed 22.6% to the country’s total Gross Domestic product (GDP) in 2021, with an expected rise to 25.5% by 2025.
  • In  May 2023, Razorpay launched ‘Turbo UPI’ – a one-step payment solution for the UPI network.
  • In the last week of April 2023, it joined India’s Open Network for Digital Commerce (ONDC) platform to streamline payment processes.
  • Razorpay has roped in former RBI deputy governor NS Vishwanathan as the chairperson of the new advisory board in April 2023..

About Razorpay India:
Founder & Managing Director(MD)- Harshil Mathur and Shashank Kumar
Headquarters – Bangalore, Karnataka
Established in – 2014


Max Life Insurance partnered with DCB Bank to offer insurance products
Max Life Insurance Company Ltd partnered with DCB Bank Ltd to offer different types of life insurance products to the DCB bank customers including Term, Savings and Retirement Plans to secure their financial future and increase their investment portfolio.

  • The partnership aims to empower DCB Bank’s customers by providing them with innovative and flexible life insurance products that cater to their needs.
  • Under this partnership, DCB Bank customers will get access to Max Life’s protection and long-term savings products, providing financial stability for themselves and their family.

Note: DCB Bank is a new-generation private sector bank with 427 branches (as on 31st March 2023) across India.


Sheikh Talal Fahad Al-Sabah Elected as the New President of Olympic Council of AsiaOn 8th July 2023, Sheikh Talal Fahad Al Sabah of Kuwait was elected as the new president of the Olympic Council of Asia (OCA) from 2023-2027 by the 42nd OCA General Assembly in Bangkok, Thailand.

  • Sheikh Talal joined the OCA in 2007 and was a member of the executive board, replaces his elder brother, Sheikh Ahmad al-Fahad al-Sabah, who was suspended from Olympic involvement in 2021.
  • Sheikh Talal beat Dr.Husain Al-Musallam ,a Director General of OCA and also the President of World Aquatics.
  • Sheikh Talal is the son of Fahad Al-Ahmed Al-Jaber Al-Sabah, who founded OCA in 1982 and served as its president until 1990.

Additional info:
Former Secretary General of the OCA, H.E.Raja Randhir Singh of India, had led the OCA as Acting President since 2021 until the election.
About Olympic Council of Asia (OCA):
OCA is an independent non-governmental not-for-profit international Asian sport organization currently with 45 member National Olympic Committees.

  • Founded in – 1982.
  • Headquarters – Kuwait.   

Sarbananda Sonowal Inaugurates ‘Sagar Sampark’ to Boost the Digitalisation in the Maritime SectorOn 12th July 2023, Union Minister of Ports, Shipping and Waterways  and Ayush, Sarbananda Sonowal inaugurated the Differential Global Navigation Satellite System (DGNSS) “Sagar Sampark” in New Delhi, Delhi, to boost the digitalisation in the maritime sector.

  • The indigenously developed DGNSS is a terrestrial based enhancement system that corrects the errors and inaccuracies in the Global Navigation Satellite System (GNSS) and provides more accurate positioning information in Indian waters and beyond.

Key people:
The launch ceremony took place in the presence of Shripad Y. Naik(Minister of State), Ministry of Ports, Shipping and Waterways (MoPSW), TK Ramachandran, Indian Administrative Service(IAS) Secretary, MoPSW and officials from the ministry and the Directorate General of Lighthouses and Lightships(DGLL).
Use of DGNSS:
i.The launch of ‘Sagar Sampark’-DGNSS, at 6 locations under DGLL, will enhance the capability of the DGLL in the field of radio aids to marine navigation.
ii.DGNSS helps mariners in safe navigation and reduces the risk of collisions, groundings, and accidents in the port and harbour areas and this will lead to the safe and efficient movement of vessels.
iii.It fulfils international obligations of International Maritime Organisation (IMO), Safety of Life at Sea (SOLAS) and International Association of Marine Aids to Navigation and Lighthouse Authorities (IALA).
iv.The DGNSS system will  transmit corrections of Global Positioning System (GPS) and Global Navigation Satellite System (GLONASS) and reduces errors caused by atmospheric inferences, satellite clock drift.
v.The error correction accuracy has been improved from 5 to 10 meters to less than 5 meters for 100 Nautical Miles (NM) from Indian coastline.


China Successfully Launches World’s First Methane-Powered Rocket to Space
On July 12 2023, LandSpace, a Chinese private aerospace company became the first aerospace company to launch a two-stage rocket ‘ZhuQue-2 Y-2’ using liquid methane as fuel and liquid oxygen (LOx) as oxidizer. The rocket was launched from Jiuquan Satellite Launch Centre in the Gobi desert, China.

  • A test payload was deposited into the Sun-Synchronous Orbit (SSO)
  • The launch was the second attempt for the Zhuque-2 Y-2 rocket, following a failed initial launch of Zhuque-2 Y-1 in December, 2022.

Methane engines:
i. The exceptional performance and cost-effectiveness of methane engines have potential to produce methane by combining water and carbon dioxide in space.
ii. The technology holds great promise for reusable rockets, positioning it at the forefront of the new era of rocketry
Note: In April 2023, Beijing Tianbing Technology Co (Tianlong-2) from China became the world’s first private company to reach orbit on its inaugural attempt.
Across the globe, researchers and engineers are actively involved in the research and development of various types of reusable rockets powered by liquid oxygen and liquid methane.
In the United States of America: Terran 1 from Relativity Space in March  2023 and SpaceX’s Starship in April 2023 failed with the use of methane-powered engines.
In India: Indian Space Research Organisation (ISRO) is currently engaged in the development of two engines referred to as “LOx methane” engines at ISRO’s Liquid Propulsion Systems Centre in Trivandrum, kerala.
i. The first project is dedicated to the conversion of the existing cryogenic engine, which presently relies on liquid hydrogen as fuel, into a LOx methane engine.
ii. The second project aims to create a smaller engine, equipped with an electric motor, capable of producing a thrust capacity of three tonnes.
About People’s Republic of China:
President – Xi Jinping
Capital – Beijing
Currency – Chinese Yuan (Renminbi-RMB)


Sri Lanka won the ICC Men’s Cricket World Cup 2023 qualifier defeating Netherlands
Sri Lanka won the International Cricket Council (ICC) Men’s Cricket World Cup (CWC) 2023 Qualifier tournament by defeating Netherlands by 128 runs in the finals held on 9th July 2023 in Harare and Bulawayo, Zimbabwe.
The CWC 2023 Qualifier, the 12th edition of CWC, was held from June 18 to July 9 2023 in Harare and Bulawayo, Zimbabwe.
Sri Lanka won all the 8 matches they played in the tournament and became the first team from the ICC World Cup 2023 Qualifiers to qualify for the main draw of the World Cup 2023 to be held in India from October 5 to November 19 2023.
Sri Lanka have qualified for the main draw of the World Cup 2023 as Qualifier 2, while the Netherlands will go into the World Cup as Qualifier 1.
This was SL’s 10th consecutive One Day International (ODI) win and Dilshan Madhushanka (SL) won the player of the match award.


Nikki McCray-Penson, Basketball Star and Olympic Gold Medalist, Passed Away at Age 51
Nikki McCray-Penson, a former basketball star and current Rutgers assistant coach has passed away at age 51. She hails from Tennessee, United States of America(USA).

  • McCray-Penson won two Olympic gold medals for the USA – first in Atlanta in 1996 and then in Sydney in 2000.
  • McCray-Penson was inducted into the Women’s Basketball Hall of Fame in 2012.

McCray-Penson career:
i.McCray-Penson played in the Women’s National Basketball Association (WNBA) for Washington, Indiana, Phoenix, San Antonio and Chicago where she was a three-time All-Star.
ii.McCray-Penson went on to play two seasons in the American Basketball League, from 1998-2006 earning MVP(Most Valuable Player) honors and winning the League championship with the Columbus Quest in 1997 and scored 2,550 career points.
McCray-Penson career as coach:
i.McCray-Penson also had a legendary 15-year career as a basketball coach.
ii.She won a national title in 2017 as an assistant coach under Dawn Staley at the University of South Carolina, the first title for the women’s basketball program.
iii.She later served as the head coach at Old Dominion and then Mississippi State University.


Kerala Governor Released Malayalam Translation Of ‘Krishna – The 7th Sense’ by Debashis Chatterjee
On 8th July 2023, Arif Mohammed Khan, Governor of Kerala, released the book “Krishnan Oru Ezhamindriyam”, the Malayalam translation of ‘Krishna – the 7th Sense’ authored by Prof. Debashis Chatterjee, Director of Institutes of Management (IIM)-Kozhikode(Kerala), during the event held at IIM, Kozhikode, Kerala.
The book was translated from English to Malayalan by V Madhusoodan.

  • ‘Krishna – the 7th Sense is Debashis Chatterjee’s debut novel in fiction and a spiritual work on love and living published in 2022.
  • The Governor also disclosed the latest edition of Debashis Chatterjee’s work Karma Sutras – Leadership and Wisdom in Uncertain Times, the lead book of the IIMK (Kozhikode)-Penguin Series for New Managers.

Mobile-Dost-App launched in J&K for Citizen Centric ServicesOn July 11, 2023, The ‘Mobile Dost App’ was launched in Jammu and Kashmir (J&K) by Chief Secretary of J&K, Dr. Arun Kumar Mehta, in line with the Apka Mobile Hamara Daftar vision. This app, developed by the IT (Information Technology) department of J&K with support from the Government of Haryana, brings digital transformation and improved accessibility to J&K residents.

  • The launch also saw virtual participation from Uma Shankar, Principal Secretary to Chief Minister Haryana, among others.

About Mobile Dost App:
It aims at empowering people of J&K by providing a comprehensive platform to access all the Government to citizen Services (G2C) directly from their mobile devices.

  • It offers over 450 government-to-citizen services, including certificates, licenses, grievance registration, and welfare scheme access.
  • The app also provides emergency helpline connections, government tender information, bill payment, travel details, job applications, news updates, event information, and important contacts.

Gujarat launches revamped PMJAY-MA scheme with Rs 10 lakh health cover
On 11th July 2023, Government of Gujarat launched the revamped Pradhan Mantri Jan Arogya Yojana-Mukhyamantri Amrutam (PMJAY-MA) scheme, under which people can avail free medical treatment up to Rs 10 lakh, a twofold rise from the previous limit of Rs 5 lakh.

  • The revamped scheme was officially launched by Rushikesh Patel, Minister of Health and Family Welfare of Gujarat in the presence of Gujarat Health Department officials.

Background: 
During the State Budget presented in February 2023, Kanubhai Desai, Minister of Finance of Gujarat, announced the doubling of insurance cover under PMJAY-MA scheme from Rs 10 lakh from Rs 5 lakh.
Key Points:
i.The New revamped PMJAY-MA Scheme benefits around 1.78 crore Ayushman Bharat cardholders in Gujarat to afford high cost medical facilities.
ii.Under the PMJAY-MA, 2027 state-run hospitals, 803 private hospitals, and 18 Central government facilities in the state are permitted to offer treatment or perform operations, and 2471 types of treatments and surgeries are available to card users in these hospitals.
Note: 
PMJAY is popularly known as Ayushman Bharat, MA stands for the state government’s Mukhyamantri Amrutam (MA) scheme, which was merged with the central health scheme.
About MA Yojana: 
i.The Mukhyamantri Amrutum Yojana, launched on 4th September 2012, is a tertiary care scheme for Below Poverty Line (BPL) population of Gujarat.
ii.The scheme was initially launched with an insurance cover of Rs 2 lakhs.
About Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana (PMJAY):
i.PMJAY, the world’s largest health assurance scheme, aims to provide poor and vulnerable families with a health cover of Rs. 5 lakhs per family per year for secondary and tertiary care hospitalisation.

  • It was launched by Prime minister(PM) Narendra Modi on 23rd September 2018 in Ranchi, Jharkhand.

ii.Ayushman Bharat has two components,Health and Wellness Centres (HWCs) and Pradhan Mantri Jan Arogya Yojana (PM-JAY).
About Gujarat:
Chief Minister- Bhupendra Rajnikant Patel
Governor – Acharya Devvrat
Wildlife Sanctuaries – Hingolgadh Nature Education Sanctuary, Rampara Wildlife Sanctuary


Odisha Cabinet approved ‘Ama Odisha, Naveen Odisha’ scheme to augment rural infrastructure and preserve Jagannath cultureOn 10th July 2023, the Odisha Cabinet chaired by Chief Minister(CM) Naveen Patnaik approved ‘Ama Odisha Nabin Odisha’ scheme to take measures to enhance rural infrastructure, leading to accelerated growth and to promote, preserve and protect the Jagannath culture and tradition of Odisha.
The cabinet has also approved around 9 proposals related to 6 different departments, including the Department of Energy, Home, Panchayati Raj and Drinking Water, Revenue and Disaster Management, Scheduled Tribes (ST) and Scheduled Caste (SC) Development, and the Department of Works.
Under the scheme, a budget provision of Rs 4000 crore will be allocated, and it will cover all Gram Panchayats (GP) with an entitlement of Rs 50 lakh.
The Odisha Cabinet also approved the inclusion of Kui language in the 8th schedule of the Constitution of India to include several benefits to the Kandh tribes of Odisha.
On 10th July 2023, 119th State Level Single Window Clearance Authority (SLSWCA) of the Government of Odisa chaired by Pradeep Jena, Chief Secretary of Odisha, approved 11 industrial projects worth around Rs 3266 crore.
About Odisha:
Chief Minister- Naveen Patnaik
Governor- Ganeshi Lal
Festivals: Raja Parba, Rath Yatra

Current Affairs – 13 July 2023

L&T and US Navy signed a Master Ship Repair Agreement for voyage repairs
On 11th July 2023, Larsen & Toubro (L&T) limited has signed a Master Shipyard Repair Agreement (MSRA) with the United States Navy (US Navy) to strengthen the strategic partnership between India and the United States of America (USA) in the defence sector and to contribute to a free and open Indo-Pacific.
Note: This MSRA is a direct outcome of the 2022 US-India 2+2 Ministerial Dialogue.
This also demonstrates the commitment of the USA to utilise repair facilities on a regular basis at the L&T shipyard in Kattupalli.
Background:
iL&T’s state-of-the-art Kattupalli Shipyard near Chennai, Tamil Nadu(TN), one of the major node in the Southern Defence Corridor, has been undertaking voyage repairs of the Military Sealift Command vessels.
ii. Following an elaborate assessment by the US Navy and the Military Sealift Command, the Shipyard was qualified for the MSRA.
This is equivalent to undertaking warship refits, for which the Shipyard has already been qualified by the Indian Navy and the Coast Guard.
Note: Kattupalli shipyard is equipped with a heavy ship-lift, multiple dry berths, and wet berths to concurrently enable the building of new ships and undertaking repairs and refits
About MSRA agreement:
iUnder this MSRA, L&T will dedicate all its dynamism, innovation, and Shipbuilding 4.0 techniques to meet the quality and delivery requirements of the US N
ii. The agreement covers a variety of ship repair services, including hull repair, mechanical repair, electrical repair, painting and so on and the agreement is valid for a period of 5 years.
iii. With this agreement, L&T will expand its presence in the global ship repair market and it will let the US Navy get its ships repaired at a lower cost.
iv. The shipping industries positively contributed to a free and open Indo-Pacific, by partnering to deliver economical and effective repair of US Naval vessels.
v. The MSRA will also allow L&T to bid for ship repair contracts from other navies around the world.
US Naval Ship (NS) Salvor:
iThe USNS Salvor is the Military Sealift Command’s rescue and salvage ship, which arrived at the shipyard on 9th July for voyage repairs.
ii. The USNS Salvor was the first ship under the MSRA to undergo steel repairs and it is the third US ship coming to L&T Shipyard for voyage repairs.
Note: Earlier, voyage repairs of Marine Sealift Command (MSC) Fleet Support Ships, USNS Charles Drew and USNS Matthew Perry were undertaken and completed on time by L&T.
Additional Info:
L&T is a USD 23 billion Indian multinational engaged in engineering, procurement, and construction (EPC) projects, among others, and it operates in over 50 countries across the world.


Product Design Centre inaugurated in Kolkata and Grain-Ex facility launched under MeitY supported projects
Bhuvnesh Kumar, Additional Secretary, Ministry of Electronics and Information Technology (MeitY) inaugurated the Product Design Centre (PDC), set up at Centre for Development of Advanced Computing (C-DAC), Kolkata, West Bengal.
On the occasion, ‘Grain-Ex‘, an appearance based detection system, through machine vision technology for pulses developed under ‘National Programme on Electronics and Information and Communication Technology (ICT) applications in Agriculture and Environment (AgriEnIcs)’ as well as Indian Council of Agricultural Research (ICAR)- The Indian Agricultural Research Institute (IARI), New Delhi, Delhi was also launched.
Key People:
The Key People at the inauguration and launch were: Sunita Verma, Group Coordinator, MeitY; Aditya Kumar Sinha, Director, C-DAC, Kolkata, West Bengal; Dr Om Krishan Singh, Scientist ‘D’, MeitY.
Product Design Centre (PDC):
iThe centre is equipped with all the software and printing technologies for system designing, prototyping, ideation and fabrication.
ii. It also has prototyping and system designing facilities.
iii. Start-ups, entrepreneurs and the Ministry of Micro, Small & Medium Enterprises (MSMEs) of the eastern region of India would be benefitted by this facility.
‘Grain-Ex’:
iIt is an appearance-based electronic (e)-Quality detection system for 14 types of pulses.
ii. It would bring about a transformative change in the e-National Agriculture Market (e-NAM) for quality-based pricing.

  • Over 1,200 e-NAM-connected markets will be benefitted.

India registers remarkable reduction in poverty with 415 million people coming out of it in 15 years: UNi.The latest update of the Global Multidimensional Poverty Index (MPI) was released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford.
ii.As per it, a total of 415 million people moved out of poverty in India within just 15 years from 2005/2006 to 2019/2021 showing 55.1% decrease in 2005-06 to 16.4% in 2019-2021.
iii.In India, multidimensional poverty declined from 645 million people in 2005-2006 to 370 million in 2015-2016, and further to 230 million in 2019-2021. Deprivation decreased across all indicators.
iv.Over 18% of the global population (1.1 billion people) live in acute multidimensional poverty across 110 countries, with Sub-Saharan Africa and South Asia housing the majority of the poor.
About United Nations Development Programme (UNDP):
Administrator– Achim Steiner
Headquarters– New York, United States


IFSCA inks MoU with Climate Policy Initiative and IIML -EICi.IFSCA and CPI-India has signed a MoU for mutual assistance and cooperation to increase mobilization of global sustainable capital flows into India.
ii.This MoU also includes research and joint convenings in the field of sustainable finance.
iii.IFSCA has also signed MoU with IIM Lucknow Enterprise Incubation Centre (IIML EIC) at IIM (Indian Institute of Management) Lucknow EIC, Noida campus in Uttar Pradesh (UP).
iv.This MoU aims to establish a framework for collaboration and mutual understanding between both organizations for supporting and facilitating FinTech and TechFin entities.
About International Financial Services Centres Authority (IFSCA):
It was established in April 2020 under the International Financial Services Centres Authority Act, 2019.
Executive Director– Praveen Trivedi
Headquarters– Gandhinagar, Gujarat


India Achieved the Best-Performing Nation on UN Digital and Sustainable Trade Facilitation Survey

According to the 5th edition of Survey on Digital and Sustainable Trade Facilitation by the United Nations Economic and Social Commission for Asia Pacific’s (UNESCAP), India has emerged as the best-performing country in the South Asian region in terms of trade facilitation.

  • India has been positioned at the forefront of global trade facilitation efforts, with an impressive score of 93.55% in 2023 vis a vis 90.32% in 2021 after evaluation of 160 economies(countries) and 60 trade facilitation measures.

Key points:
i.India’s continuous efforts towards improving the trade ecosystem for MSMEs(Micro, Small & Medium Enterprises) has helped India in improving its score in UNTF(United Nations Trade facilitation) survey since 2017.
ii.The overall score of India has been greater than many developed countries including Canada, France, United Kingdom(UK), Germany etc.
About United Nations Economic and Social Commission for Asia Pacific’s (UNESCAP):
Executive Secretary- Armida Salsiah Alisjahbana
Established- 1947
Headquarters- Bangkok, Thailand


3 Multilateral Development Banks Have Pledged upto USD 27 bn for India’s Green Growth During the  International Conference on Green Hydrogen (ICGH-2023), three Multilateral Development Banks, the European Investment Bank (EIB), the Asian Development Bank (ADB) and the World Bank have contributed USD 27 billion for India’s Green Growth.
The funding allotment: 

  • The EIB has pledged Euro(€) 1 billion to develop a large-scale hydrogen industry hub
  • The ADB intends to provide USD 20-25 billion over 5 years to support India’s green growth
  • The World Bank approved USD 1.5 billion to aid India’s low-carbon transition journey.

International Conference on Green Hydrogen (ICGH-2023):
The 3 days ICGH-2023 held between 5th-7th July 2023 at Vigyan Bhawan, New Delhi, Delhi inaugurated by R. K. Singh the Union Minister for Power and New and Renewable Energy (MNRE). 

  • The event was organised by MNRE, in partnership with the Ministry of Petroleum and Natural Gas, Council of Scientific and Industrial Research (CSIR) and office of principal scientific advisor to Government of India.
  • The conference held discussions in line with the objectives of India’s National Green Hydrogen Mission to help achieve India’s target of Net Zero by the year 2070.

India towards Green Hydrogen:
i.India ranked 4th globally in terms of installed renewable energy capacity and achieving cost-effective solar and wind power generation.
ii.With the recent launch of the National Green Hydrogen Mission the Government of India showcased its dedication to ramping up green hydrogen production and aligning with global trends.
iii.The country also has many advantages on the renewable energy front due to its abundant solar energy, investments in the power grid, favorable climate, sufficient resources, and strong supply chain for green hydrogen production.
iv.The public sector units (PSUs) have set a target to produce over one million metric tonnes (MMT) of green hydrogen by 2030 to facilitate the transition to a green hydrogen economy.
v.The government aims to promote the uptake of green hydrogen in refineries and city gas distribution (CGD) through both public and private sector entities, phasing out fossil fuels and aiding decarbonisation efforts.
About World Bank:
President- Ajay Banga
Headquarters– Washington, D.C. United States of America(USA)
Established- 1944


IDFC FIRST Bank, Club Vistara, & Mastercard has Introduced Travel Credit CardIDFC FIRST Bank Ltd has collaborated with Club Vistara and Mastercard to introduce a travel credit card that aims to enhance travel experiences and lifestyle-related offers to cardholders.

  • The new card will provide banking services with travel incentives.

Features and Benefits:
i.The rewards structure is based on Club Vistara Points, with accelerated points for different spending categories.
ii.Cardholders can receive Club Vistara Points, lounge benefits, birthday benefits, annual rewards, golf benefits, and cover for canceled flight and hotel bookings.
iii.The joining benefits include a free Premium Economy flight ticket along with an upgrade voucher.
iv.The card offers CFAR(Cancel For Any Reason) Insurance, providing coverage for non-refundable components of travel bookings.
v.The card offers tiered annual rewards based on cumulative annual spending. Cardholders who spend more than Rs.1,50,000, Rs.3,00,000, Rs.4,50,000, Rs.9,00,000, or Rs.12,00,000 will unlock additional Premium Economy Class tickets as a reward.
Additional info:
IDFC FIRST Bank– a bank founded by the merger of Capital First and IDFC Bank in December 2018.
Club Vistara– TATA SIA Airlines Limited, known by the brand name Vistara, is a 51:49 joint venture between Tata Sons Private Limited and Singapore Airlines Limited (SIA).
MasterCard– a worldwide association of banks and financial institutions.
About IDFC FIRST Bank Ltd:
Managing Director(MD) & Chief executive officer(CEO)- V. Vaidyanathan
Headquarters- Mumbai, Maharashtra
Established- 2018


Citi Commercial Bank launches ‘CitiDirect Commercial Banking’ for Enhanced Digital Banking Service
In a strategic move to meet the evolving global needs of their clients and to provide them with a truly digital experience, Citi Commercial Bank (CCB) has unveiled a new platform called CitiDirect Commercial Banking in the United States of America(USA).
iBy integrating the services such as banking relationships, spanning cash management, loans, trade, foreign exchange (FX), servicing, and onboarding into a single platform, CCB aims to simplify and enhance the banking experience for its commercial clients.
ii. Though this facility is available in the USA, CCB plans to introduce it across key global financial centres including Hong Kong, India, Singapore, and the U.K in the second half of 2023.
iii. Clients can also digitally open accounts and request new products and services.
About Citi Commercial Bank:
Global Head – Tasnim Ghiawadwala
Headquarters – NewYork, United States of America (USA)
Established in – 1812


India & Bangladesh Launch Trade Transactions in Rupees to Lower Dollar Usage
In a significant move aimed at strengthening trade and reducing dependency on the US dollar, Bangladesh and India have initiated transactions in Rupees as India is the top export destination for Bangladesh in Asia.

  • This marks the first time Bangladesh has engaged in bilateral trade with a foreign country outside the realm of the US dollar. The exchange rate is based on Market Demand.
  • The launching ceremony was attended by Indian High Commissioner to Bangladesh Pranay Verma IFS and Bangladesh Bank (The central bank of Bangladesh) Governor Abdur Rouf Talukder on behalf of India and Bangladesh respectively. 

Agreement Between India & Bangladesh:
iThe two countries have agreed to start settling trade in Rupees initially, and then gradually in Taka as the trade gap between the two countries decreases. This is because Bangladesh imports more from India(USD 13.69 billion) than exports to India (USD 2 billion).
ii. The transaction costs in trade with India would reduce with the introduction of the Taka(Currency of Bangladesh)-Rupee dual currency card which was about to be launched in September, 2023.
iii. The permission was granted to open Nostro Accounts which will make it easier for businesses in the two countries to trade with each other in their own currencies.
About Taka-Rupee Dual Currency Card:

  • PayCard(a new debit card) for transactions in Indian Rupee as well as Bangladeshi Taka.
  • This card can be used both in Bangladesh and India.
  • Announced in recent Monetary Policy of Bangladesh by Bangladesh Bank

About Nostro Account:
A Nostro account is an account held by one bank on behalf of another bank. It allows the customers to deposit money in the bank’s account in another bank. It is often used if a bank has no branches in a foreign country.
About Bangladesh:
Prime Minister – Sheikh Hasina Wazed
President  Mohammed Shahabuddin
Capital  Dhaka, Bangladesh
Currency  Bangladeshi Taka


34th International Biology Olympiad held at Al Ain, UAE; India tops medal tally with 4 GoldsIndia won 4 gold medals and topped the medals tally at the 34th International Biology Olympiad (IBO 2023) held at the United Arab Emirates University (UAEU) in Al Ain, United Arab Emirates (UAE), from 3rd to 11th July 2023.

  • For the first time, all the students (4) representing India won the gold at the IBO.
  • Besides India, Singapore has also won 4 gold medals at IBO 2023.

Note: Around 293 students from 76 countries participated in the IBO 2023 and a total of 29 gold medals were awarded at the IBO 2023. The number of gold medals will be limited to approximately 10 % of the number of participants.
Organizers:
The 34th IBO was hosted by the UAE and organised by the Ministry of Education, UAE in partnership with the UAEU.
The Winners:
Following students from India and emerged as the gold medal winners:


Abhijit Chakravorty appointed as MD & CEO of SBI cards
SBI Cards and Payment Services Limited (“SBICPSL”), subsidiary of State Bank of India (SBI), India’s second largest credit card provider appointed Abhijit Chakravorty as its Managing Director (MD) and Chief Executive Officer (CEO) with effect from August 12, 2023 for a period of 2 years. He is currently serving as the Deputy MD of SBI.
He will succeed the incumbent MD & CEO Rama Mohan Rao Amara, who tendered his resignation with effect from 11th August 2023 owing to his transfer back to the SBI.
About Abhijit Chakravorty:
iHe started his banking career as a Probationary Officer (PO) with SBI in 1988 and earned an experience of over 34 years in various fields.
ii. He oversaw the Bank’s Operations in Bangladesh as CEO and Country Head and
iii. He also served as the vertical responsible for Information Technology (IT) operations of the customer facing channels and payment systems.
iv. He served at the Hongkong branch of SBI and has played a pivotal role in high-value Corporate Lending as a member of the Commercial Credit Group.
v. He also took a role of Chief General Manager (Channels & Operations) at the Global IT Centre of SBI
About SBI Cards and Payment Services Limited:
SBI Card was launched as SBI Cards and Payment Services Private Limited in 1998 by the State Bank of India and GE Capital.
Chairman- Dinesh kumar Khara
MD & CEO- Rama Mohan Rao Amara
Headquarters- Gurugram, Haryana


Harsh Chouhan resigns NCST Chairman
On 26th June 2023, Harsh Chouhan, Chairman of National Commission for Scheduled Tribes (NCST) resigned from his post 8 months ahead of the end of his tenure. He was appointed as the Chairman of NCST in February 2021 for a period of 3 years.  Droupadi Murmu, President of India, accepted his resignation on 27th June 2023.

  • Following his resignation, the NCST is left functioning with Ananta Nayak, the only member of the commission.
  • Since 2019, the post of Vice Chairman (VC) has been vacant following the appointment of then VC Anasuya Uikey as Governor of Chhattisgarh (now serving as Governor of Manipur).

Note: As per the ‘NCST Chairperson, Vice-Chairperson and Members (Conditions of Service and Tenure) Rules 2004’, NCST should have a chairperson, VC and members. The number of members has not been capped but there should be a woman member.
Harsh Chouhan’s resignation comes after an argument with the Ministry of Environment, Forest and Climate Change (MoEFCC) over the Forest Conservation Rules 2022, which he believed violated the Forest Rights Act, 2006.
About National Commission for Scheduled Tribes (NCST):
NCST, a constitutional body, was established by amending Article 338 and inserting a new Article 338A in the Constitution through the Constitution (89th Amendment) Act, 2003.
The amendment replaced erstwhile National Commission for Scheduled Castes and Scheduled Tribes with 2 separate Commissions: National Commission for Scheduled Castes (NCSC) and NCST with effect from 19 February, 2004


DoT Secretary K Rajaraman launches ‘Standards Coordination Portal’ On 7th July 2023, K Rajaraman,the Secretary to the Department of Telecommunication(DoT), Ministry of Communications launched the ‘Standards Coordination Portal’, developed by  Telecommunication Engineering Centre (TEC) under the DoT, during the “National Workshop on Enhancing Indian Participation in Telecom Global Standards Bodies” held at Centre For Development Of Telematics  (C-DoT) Campus in New Delhi, Delhi.

  • The workshop was conducted by TEC in collaboration with C-DoT and Telecommunications Standards Development Society, India (TSDSI), a National Telecom Standards Development Organisation (SDO)

Purpose of the Portal:
i.The portal aims to increase India’s participation in global standardising initiatives by bringing together specialists from various sectors such as industry, academic institutions, research organisations, and government.
ii.This also serves as a central hub for sharing information and promoting collaboration in the Standardisation of telecom and related ICT domains.
Online Module – Voluntary Certification :
i.An Online Module for Voluntary Certification of telecom products was also introduced, which shall provide a streamlined process for certification.
ii.Approval Certificate for Conditional Access System and the Technology Approval Certificate for Dual Band Outdoor Wi-Fi Access Point, was handed over to C-DoT, symbolising their commitment to quality and innovation.
Highlights of the Workshop:
i.K.Rajaraman,Secretary (DoT) also released the “Fairness Assessment and Rating of Artificial Intelligence Systems” TEC standard, which specifies detailed protocols for analysing and rating the fairness of artificial intelligence systems, assuring ethical and responsible AI deployment.
ii.The experts from industries, academia, government organisations, and renowned research and development centres engaged in discussions of topics including the step-by-step process of standard-making processes, conversion of patents into Standard Essential Patents (SEPs), and the significant role of academic institutions in fostering a vibrant Standards Community.
iii.This workshop addressed the importance of standardisation for firms and start-ups, specifically through the Standard Essential Patents (SEP) system.
iv.the workshop provided a platform to create awareness and encourage active Indian participation in international standardisation bodies such as  International Telecommunication Union(ITU), 3rd Generation Partnership Project (3GPP),Institute of Electrical and Electronics Engineers (IEEE) etc. The workshop emphasised the pivotal role of standardisation for businesses and start-ups, particularly through the Standard Essential Patents (SEP) mechanism.


IN-SPACe Issues an Expression of Interest for SSLV Tech Transfer

On 11th July 2023, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) issued an expression of interest (EoI) for the first-of-its-kind Transfer of Technology (ToT) of the small satellite launch vehicle (SSLV) to Indian private Space firms.

  • The aim of this initiative is to boost the Indian Private Space Industries.
  • SSLV is a 3 stage Launch Vehicle configured with 3 Solid Propulsion Stages and liquid propulsion based Velocity Trimming Module (VTM) as a terminal stage.
  • Indian National Space Promotion and Authorisation Centre (IN-SPACe) and ISRO’s Human Space Flight Centre (HSFC) signed a Memorandum of Understanding (MoU) with the Voyager Space to explore opportunities for the utilisation of the Gaganyaan crewed spacecraft to service Starlab space station.

Nirmala Buch, 1st and only woman Chief Secretary of Madhya Pradesh passed away at 97
Nirmala Buchfirst and only woman chief secretary of Madhya Pradesh (MP) (1991 to 1993) passed away at the age of 97 in Bhopal, MP. She was born in Khurja district of Uttar Pradesh on October 11, 1925.

  • She was a 1960 batch Indian Administartive Service (IAS) Officer who is well known for her primary role in framing ‘Gramin Vikas’ (Rural development) and Panchayati Raj’ (Local self- Governance) systems in MP during her term at the Yojana Aayog (now National Institution for Transforming India (NITI) Ayog).
  • She served as financial and education secretary from 1975-1977 to the Government of MP.
  • She established ‘Mahila Chetna Manch’ (MCM) in 1984 to work for women empowerment.

International Malala Day 2023 – July 12Malala Day is an international observance annually celebrated on 12th July to honour the birthday of Malala Yousafzai, a Pakistani education activist and Nobel Prize laureate.

  • The day is also marked to honour Malala, who is known for her advocacy of girls’ education. It also signifies the free, quality and compulsory education for every child across the world.

Background:
iOn July 12, 2013, Malala on her 16th birthday gave an impactful address at the United Nations (UN) in New York.

  • She primarily focussed on the need for worldwide quality education to the women and appealed world leaders in this regard to bring changes to their policies.

ii. The UN declared her birthday as “Malala Day” and has been observed internationally for the first time on 12th July 2013.
iii. On 12 July 2013, the UN celebrated Malala Day, an event in support of UN’s Secretary-General’s Global Education First Initiative (GEFI), which brought together hundreds of young leaders to call on world leaders to ensure free and compulsory education for every child around the world.


Pilot Project of Antyoday Shramik Suraksha Yojana Launched in GujaratOn 8th July 2023, Gujarat Chief Minister Bhupendra Patel and Union Minister of State for Communications Devusinh Chauhan, launched the Pilot Project of Antyodaya Shram Suraksha Accident Insurance Scheme for the welfare of the workers from Nadia of Kheda district in Gujarat.

  • The scheme aims to provide financial stability to workers or Labourers, in case of any accident or death.
  • It is being implemented through the Indian Postal Department, the Indian Post Payments Bank, and the Ministry of Labour and Employment.

Note: Gujarat has become the first state in the India to introduce this scheme aiming to benefit the workers.
Benefits provided under the Scheme:
i.Workers can avail benefits for death or partial disability, with premiums ranging from Rs 289 and 499 per year.
ii.In case of death, their family will receive Rs 10 lakh, while permanent disability due to an accident will make the workers eligible for a sum of 10 lakh rupees.
iii.The scheme includes education assistance of 1 lakh rupees for the children of deceased workers.
About Gujarat:
Governor- Acharya Devvrat
Capital- Gandhinagar
Folk dance- Garba, Dandiya, Bhavai


Gogoro & Maharashtra Govt. Made an MoU to Set Up Smart Battery Ecosystem
Gogoro Inc. (Gogoro), a Taiwanese-based battery-swapping service provider and two-wheeler manufacturer and the Maharashtra Government entered into an ‘Ultra Mega Project‘ agreement to invest more than USD 1.5 billion  over the next 8 years to manufacture Electric Vehicles (EVs), smart battery packs and battery swap stations across Maharashtra.
The proposed ‘Ultra Mega Project’ agreement includes financial incentive and support from the Maharashtra government.
About the Ultra Mega Project:
iIn the 1st phase of the eight-year project, Gogoro will invest more than USD 500 million for manufacturing vehicles and another USD 1 billion for smart battery infrastructure deployment which will be supported by financial incentives and reimbursements by Maharashtra.
ii. Maharashtra being the leading state in India for EVs, committed towards sustainable transportation for everyone by creating a smart battery ecosystem with Gogoro, a leader in sustainable vehicles and electric fuel technologies.
Benefits of the project:
iThe project focused on creating a domestic supplier ecosystem that allows for domestic growth and foreign market expansion and would generate approximately 10,000 direct and indirect jobs.
ii. With this partnership, Gogoro is expected to lead the increase of foreign direct investment into Maharashtra in both supply chain capabilities and smart battery infrastructure.
Taiwan to Establish TECC Office in Mumbai
On 5th July 2023, Taiwan announced its plans to expand its official presence in India by establishing its third and new representative office “Taipei Economic and Cultural Centre (TECC)” in Mumbai, Maharashtra aimed at expanding overall cooperation between India and Taiwan.
Other Representative offices:
iIn 2012, TECC was set up in Chennai, Tamil Nadu, since then nearly 60% of all Taiwanese businesses investing and opening factories in India have chosen to develop their operations in southern India.
ii. The investments made by Taiwanese manufacturing industries benefited Chennai and its surrounding areas. The establishment of the TECC in Mumbai is expected to have a similar effect in western part of India.
Note: In 1995, both Taiwan and India established their respective representative offices: TECC in New Delhi, Delhi and an “India Taipei Association” in Taipei, Taiwan.
Benefits of India-Taiwan tie-ups:
iIndia has emerged as a major investment destination for global enterprises with its huge market and related business opportunities.

  •       India becomes the most populous nation in 2023, while in 2022, India becomes the world’s 5th largest economy.

ii. Mumbai being the largest city in India, serving as India’s financial centre and exhibiting its largest port.
iii. Under Taiwan’s New Southbound Policy (NSP), it will also promote exchanges and cooperation in science and technology, education, culture, and people-to-people ties between Taiwan and western India.
About Maharashtra:
Chief Minister– Eknath Shinde
Governor– Ramesh Bais
Zoological Park: Jijamata Udyan Zoo and Maharajbagh Zoo


Government of Meghalaya & NTPC signed MoU to enhance power  and Clean Energy Generation in Meghalaya
The Government of Meghalaya and  NTPC Limited, a leading energy conglomerate signed a series of Memorandum of Understanding (MoUs) aimed at boosting the power infrastructure and clean energy generation in Meghalaya in  in New Delhi, Delhi.
The agreement includes Power Portfolio Management Services (PMS) for Meghalaya Discom, setting up of Pump Storage Power Plants (PSPs), and implementation of Floating Solar projects across Meghalaya.
It also aims at enhancing power portfolio management of Meghalaya Energy Corporation Limited (MeECL) by a team of professionals and expertise of the NTPC.
Key People:
The signing ceremony took place in the presence of Conrad K Sangma, Chief Minister of Meghalaya; Abu Taher Mondal, Cabinet Minister, Power Department of Meghalaya; Gurdeep Singh, Chairman and Managing Director (CMD) of NTPC Limited and Sanjay Goyal, CMD, MeECL.

*******

Current Affairs – 12 July 2023

Ministry of Finance amends Small Saving Rules rules, allows NRIs as NomineesThe Ministry of Finance has amended the Government Savings Promotion General Rules, 2018 with Government Savings Promotion General (Second Amendment) Rules, 2023, under which the Non-resident Indians (NRIs) are made eligible to be nominated as nominee for government saving schemes.

  • This is on the condition that payment to such nominee/s shall be on non-repatriation basis.
  • This amendment has been added as a sub-rule in the principal rules, in rule 14, after sub-rule (8).
  • The new rule indicates that the money needs to utilised in India.

Key Points:
i.The rule covers various schemes under the Government Savings Promotion Act, 1873, such as Public Provident Fund (PPF), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Senior Citizens Savings Scheme (SCSS), Mahila Samman Savings Certificate Scheme (MSSC), Post Office Time Deposits, Kisan Vikas Patra (KVP), and Post Office Monthly Income Scheme.
ii.This amendment benefits NRIs by allowing them to invest in small saving schemes and addresses issues related to their nomination.
iii.Another amendment allows for converting a joint account into a single account upon the death of an account holder. Previously, this conversion was not allowed.
iv.Changes have been made to payment norms for the death of a depositor. For amounts up to Rs 5 lakh without a nominee, specific documents must be provided within six months. In the absence of relevant documents, the rightful claimant will be required to fill out Form 11.

  • For amounts exceeding Rs 5 lakh, payment is based on the will or letter of succession, along with other necessary documents.

v.Another Key Amendments include Changes to name/surname,  Accounts on the names of minors, etc. Click Here for Official full list of Amendments


L&T and Spain’s Navantia sign an ‘Teaming Agreement to build submarines for Indian NavyOn 10th July 2023, Spain’s shipbuilder Navantia and engineering major Larsen & Toubro Ltd (L&T), India signed an ‘Teaming Agreement'(TA) in Delhi to jointly bid for a Rs. 43,000-crore project to build 6 advanced diesel-electric submarines for the Indian Navy.

  • The TA was signed for the purpose of submission of a techno-commercial bid for the Indian Navy’s Project 75 (India) or P75 (I), a military acquisition initiative and submarine programme affiliated to India’s Ministry of Defence (MoD)  .

Project 75 (I) 
i.It requires Indian bidder to tie up with a foreign collaborator and execute the programme for the delivery of six conventional submarines equipped with Air-Independent Propulsion (AIP), while achieving targetted Indigenous content.

  • The environmentally Green AIP is a third-generation system that runs on Bio-Ethanol Stealth Technology (BEST) and has lower operating and through-life costs.

About Larsen & Toubro Ltd (L&T):
Chief Executive Officer & Managing Director S. N. Subrahmanyan
Headquarters- Mumbai
Established- 1938


U20 chair city Ahmedabad hosted U20 Mayoral Summit 2023 in Gandhinagar, GujaratAhmedabad (Gujarat), the Chair City of Urban 20(U20) 2023, hosted the 2-day U20 Mayoral Summit 2023 from 7th to 8th July 2023 in Gandhinagar, Gujarat. The Summit concluded with the handover of the Communiqué from the Mayors to G20 leaders.

  • Kiritkumar J Parmar, Mayor of Ahmedabad handed over the Communique to Hardeep Singh Puri, Union Minister of Housing & Urban Affairs and Amitabh Kant, G20 (Group of 20) Sherpa.
  • The handover was moderated by the U20 convenors, C40 Cities and United Cities and Local Governments (UCLG).

About Gujarat:
Chief Minister- Bhupendrabhai Patel
Governor- Acharya Devvrat
Airport- Sardar Vallabhbhai Patel International Airport and Dholera International Airport


Assam’s Numaligarh Refinery Limited Upgraded to ‘Schedule A’ CPSEThe Ministry of Petroleum and Natural Gas in its recent notification announced that the largest refinery in northeast India, The Numaligarh Refinery Limited (NRL) in Assam has been elevated from the ‘Schedule B’ to ‘Schedule A’ category Central Public Sector Enterprises(CPSE) by Government of India.
i. With its new status as a ‘Schedule A’ enterprise, NRL becomes eligible to achieve the coveted Navratna As a Navratna company, NRL will have the freedom to invest up to Rs 1,000 crore without seeking approval from the central government.
ii. NRL will now have the authority to make swift decisions concerning joint ventures, strategic partnerships, and special-purpose vehicles, paving the way for strategic growth.
About Numaligarh Refinery Limited(NRL):

  • Numaligarh Refinery Limited(NRL) in which the Assam government holds a 26% stake, ranks among the top 20 Central Public Sector Enterprises (CPSEs) in India in terms of sales revenue and profitability.NRL is the largest refinery in Northeast India.
  • NRL has also made its mark internationally by commencing the export of petroleum products to neighbouring countries, thereby promoting the government’s Act East Policy.

About categories in Central Public Sector Enterprises(CPSE):
All CPSEs are required to be categorised into four schedules namely,

  • Schedule ‘A’ : These are the largest and most important CPSEs. These are the highest-ranked CPSEs, known for their excellent performance, high profitability, and strategic importance. Schedule A CPSEs have greater financial autonomy and can make investment decisions up to a certain limit without requiring approval from the central government.
  • Schedule ’B’: These are medium-sized CPSEs. CPSEs in this category are considered to have good financial performance and operational capabilities, but they may not meet all the criteria of Schedule A enterprises.
  • Schedule ‘C’ : These are smaller CPSEs CPSEs classified as Schedule C are generally characterized by moderate financial performance and operational capabilities. They may require higher levels of oversight and approvals from the central government for key investment decisions.. They provide a variety of goods and services, including banking, insurance, and tourism.
  • Schedule ‘D’: CPSEs falling under Schedule D have comparatively weaker financial performance and operational capabilities. These enterprises usually require central government for major decision-making, including investments.

MoD & HAL sign Rs 458 crore contract for two Dornier Aircraft
On 7th July 2023, Ministry of Defence(MoD) signed a contract with Hindustan Aeronautics Limited (HAL) for procurement of 2 Dornier Aircraft for Indian Coast Guard (ICG). The overall cost is Rs 458.87 crore along with associated Engineering Support package.

  • The aircraft will be procured under the Buy (Indian) Category in New Delhi, Delhi in line with the Aatmanirbhar Bharat policy.
  • The aircraft will be equipped with advanced equipments such as glass cockpit, maritime patrol radar, electro-optical infrared device, mission management system, etc. which enhances the aerial surveillance capability of maritime areas under the responsibility of the ICG.

Note: The Dornier aircraft are being indigenously manufactured at HAL (Transport Aircraft Division), Kanpur, Uttar Pradesh under “Make in India” initiative.


Department of Telecommunications (DoT) Launches Bharat Internet Utsav 
The Department of Telecommunications (DoT) under Ministry of Communication(MoC) in collaboration with MyGov(Government of India’s citizen engagement platform), has launched the “Bharat Internet Utsav” to celebrate the transformative role of the internet by encouraging citizens to share their stories of how the internet has positively impacted their lives.

  • To participate in this Utsav, citizens can share their videos of up to 2 minutes of various empowering real-life stories on the transformation brought by Internet in the various aspects of their life on any of the social media handles with #BharatInternetUtsav or upload in drive link, and the same link can be submitted on MyGov at https://innovateindia.mygov.in/bharat-internet-utsav/.
  • The contest shall be conducted on MYGOV from 07.07.2023 to 21.08.2023 and the best stories shall be rewarded with prizes upto Rs 15,000.
  • DoT is utilizing the Universal Service Obligation Fund (USOF) to provide affordable, reliable internet access to citizens in remote and commercially unviable areas, ensuring widespread connectivity.

AIM and Bayer launches Nationwide ATL Industry Visit for students
The Atal Innovation Mission (AIM) in collaboration with Bayer launched an industry visit initiative under Atal Tinkering labs (ATL), at Bayer’s manufacturing facility in Vapi, Gujarat.

  • The collaboration aims to introduce students to the latest manufacturing techniques and technologies used in industry.
  • Bayer has opened its manufacturing and production plants and research centers at Vapi(Gujarat), Shamirpet(Hyderabad ), Chandippa(Telangana) and Bangalore for ATL students to experience how technology, automation and innovation are leveraged by the industry.
  • Bayer is a Life Science company operating in the areas of agriculture and healthcare. Bayer has partnered with Niti Aayog since 2021 to support various initiatives of the AIM.
  • Bayer has partnered with and extended support to 125 schools, located in seven states, through the adoption of the Atal Tinkering Lab (ATL) initiative.

Note: Atal stands for AICTE Training And Learning Academy


United Nations IMO adopts strategy to reduce GHG Emissions from ShipsOn 7th July 2023, the United Nations(UN) International Maritime Organisation (IMO) adopted the 2023 IMO Strategy at the Marine Environment Protection Committee (MEPC) on Reduction of Greenhouse gases (GHG) Emissions from Ships, with enhanced targets to tackle harmful emissions.

  • The revised IMO GHG Strategy aims to reach net-zero GHG emissions from international shipping close to 2050.
  • IMO has also established a goal to adopt technologies, fuels, and energy sources with zero greenhouse gas (GHG) emissions, aiming for a minimum adoption rate of 5% and striving for for a higher adoption rate of 10% by the year 2030.

MEPC’s 80th session was held at the IMO headquarters in London United Kingdom(UK) from July 3rd -7th of 2023.
Indicative checkpoints:
Maritime countries, including India have agreed on indicative checkpoints of reducing emissions by at least 20%, striving for 30%, by 2030 compared to 2008 levels and at least 70%, striving for 80%, by 2040, reaching net-zero around 2050 depending on national circumstances.
Levels of ambition directing the 2023 IMO GHG Strategy:  
i.carbon intensity of the ship to decline through further improvement of the energy efficiency for new ships
ii.The goal is for the carbon intensity of international shipping to decline, aiming to reduce CO2 emissions per unit of transport work.
iii.uptake of zero or near-zero GHG emission technologies, fuels and/or energy sources to increase
iv.GHG emissions from international shipping to reach net zero
About  International Maritime Organisation (IMO):Secretary-General- Kitack Lim
Headquarters- London, United Kingdom
Established- 1958


RBI allows Card Network Portability from Oct 1, 2023i.The Reserve Bank of India (RBI) has issued a ‘Draft Circular – Arrangements with Card Networks for issue of Debit, Credit and Prepaid Cards’ empowering the debit, credit, and prepaid card users in India with Card network portability w.e.f. October 1st, 2023.
ii.This means users can port their card network just like one can port switch/port mobile service providers while retaining the same phone number.
iii.The Card network portability will keep their existing card accounts, balances, and credit history intact.
iv.The RBI has invited opinions from various stakeholders for the same up to August 4, 2023.
v.This decision by RBI has been taken in exercise of its powers conferred under Section 18 read with Section 10(2) of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007), by ensuring the interest of payment system and public interest.


Bajaj Allianz General Insurance sets Guinness World Records title at the first-ever General Insurance Festival of IndiaOn 3rd July 2023, Bajaj Allianz General Insurance Company (BAGIC), one of the leading private general insurers of India, hosted the first-ever General Insurance Festival of India (GIFI) in Pune, Maharashtra, which officially set a new Guinness World Records achievements for the largest attendance for an insurance conference.
There was a record turnout of 5235 attendees who contributed to creating history in the insurance industry worldwide. This record-breaking achievement was announced at the main event of GIFI.
As a part of GIFI, Bajaj has established the GIFI Awards in India to recognise the top-ranked health and general insurance advisors across the insurance industry.
Highlights:
iGIFI started with the idea of creating a platform that brings together the best in the general insurance industry and celebrates the industry’s contribution towards society’s well-being.
ii. The event included a remarkable performance by the comedian Sunil Grover and a musical performance by the music composer Pritam among other spectacular performances.
iii. The event had various attractions like an automobile zone featuring manufacturers like Porsche, McLaren Automotive, and Lamborghini.
Key People:
The event was graced by Sanjiv Bajaj, Chairman and Managing Director (CMD), Bajaj Finserv; Charu Kaushal – Chief Executive Officer (CEO), Allianz Partners India and other eminent industry representatives.
GIFI Awards announced the top-ranked health and general insurance advisors across the insurance industry
During GIFI, Bajaj Allianz General Insurance announced the winners and runners of the health and general insurance advisors across the insurance industry.

  • Based on a strict assessment process conducted by an independent process reviewer and a third-party panel of judges, the company announced and honoured winners and runners-up for each category at the GIFI.
  • The judging panel for the GIFI Awards are Dr. S Prakash, MD of Star Health Insurance, Alice G Vaidyan, former chairman and MD of General Insurance Corporation of India, and Nilesh Sathe, Former Member of IRDAI.

Winners and Runners-up of the GIFI awards:


4 Indian Origin Women features on Forbes’ America’s Richest Self-Made Women 20234 Indian Americans, Jayshree Ullal, President and Chief Executive Officer (CEO) of Arista Networks, Neerja Sethi, co-Founder of Syntel, Neha Narkhede, co-founder of Confluent, and Indra Nooyi, former chair and CEO of PepsiCo, were featured on the 2023 America’s Richest Self-Made Women, 9th edition of Forbes’ annual ranking of the United States of America (USA)’s most successful women entrepreneurs, executives and entertainers.

  • Jayshree Ullal is ranked 15th with net worth of USD 2.2 billion, Neerja Sethi, is ranked 25th with net worth of USD 990 million, Neha Narkhede is ranked 50th with net worth of USD 520 million and Indra Nooyi is ranked 77th with net worth of USD 350 million
  • The combined net worth of these 4 women stands at USD 4.06 Billion.

Sumit Virmani, chief marketing officer (CMO) of Infosys (India) is ranked 41st on the The Forbes World’s Most Influential CMOs List 2023, which recognises the 50 Most Influential CMOs in the World.
About Forbes:
Forbes is a media and publishing company.
Founded in- 1917
CEO- Mike Federle
Headquarters- Jersey City, New Jersey, the United States of America (USA)


NLC India Ltd as been declared the Winner of the GeM Award for 2023
NLC India Limited (NLCIL), a Navratna company under the Ministry of Coal, as been declared the Winner of the Government e-Marketplace (GeM) award for the year 2023 in“Timely Payments (CPSEs)” category for promoting and encouraging business activities through e-Market.

  • K Mohan Reddy, Director (Planning and Projects), received the award on behalf of NLCIL from Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution & Textiles.

i.NLCIL registered and on-boarded in GeM portal in the year 2017.
ii.It’s growth in GeM procurement started at Rs 2.21 crore during the year 2018-19 and the company has now registered an impressive growth of Rs 984.93 crore during the year 2022-23.
Note: GeM is dedicated e-Market service platform, a National public procurement portal, for selling and buying of different goods and Services.


Shavkat Mirziyoyev Re-Elected as President of Uzbekistan for 7 years termOn 9th July 2023, the incumbent Uzbek President Shavkat Mirziyoyev has been re-elected with 87.1 % of the vote for 7 years term according to preliminary results released by the Central Election Committee(CEC) of the Republic of Uzbekistan. He is a member of the UzLiDeP (Uzbekistan Liberal Democratic Party).

  • On 30th April 2023, the Uzbek President called for snap election on which Uzbek citizens voted on constitutional amendments through a referendum which reset his term count and extended the presidential term to seven years from five.
  • More than 15 million voters participated in the election, which comprises 79% of the voters.

Other presidential candidates:
Ulugbek Inoyatov(4.02%) from the People’s Democratic Party of Uzbekistan, Robakhon Makhmudova(4.43%) from the Social Democratic Party of Uzbekistan “Adolat” and Abdushukur Khamzayev (3.74%) from the Ecological Party of Uzbekistan.
About Shavkat Mirziyoyev:
i.In 2003, Mirziyoyev served as prime minister under his predecessor Islam Karimov (the first post-independence president of Uzbekistan) and he was subsequently reappointed to the position three times, in 2005, 2010, and 2015.
ii.He was elected as president in 2016 following the death of Islam Karimov and again in the year 2021 for the 2nd term.
About Uzbekistan:
Prime Minister- Abdulla Nigmatovich Aripov
Currency- Som
Capital- Tashkent


Microsoft India President Anant Maheshwari resigns, Irina Ghose becomes MD
Microsoft India promoted Irina Ghose as its Managing Director (MD), while Anant Maheshwari stepped down from his position as Microsoft India President.

  • As part of the executive reshuffle, Navtez Singh Bal  has been appointed as the new Chief Operating Officer (COO). He was earlier heading the Government, Public Sector and Education Business for Microsoft in India which is now taken care of by Venkat Krishnan.

About Irina Ghose:
i. The then COO of Microsoft India, Irina Ghose who was associated with the firm for more than 2 decades, focused on the end-to-end operations, go-to-market strategies and drove one of the largest world-class sales enablement programs.
ii. In 2010, she founded MyLittleBit, a philanthropic foundation that believes that everybody can contribute in small parts to make a giant impact on the underprivileged.
iii. She is actively engaged with Microsoft for Startups, a Microsoft program that provides support, Azure credits and free licences to selected Microsoft products to software entrepreneurs and startups.
About Anant Maheshwari:
iAnantMaheshwari steps down as Microsoft India President after 7 years, who joined Microsoft in the year 2016.
ii. In the month of April 2023, he was appointed as the Chairperson of National Association of Software and Service Companies(NASSCOM) for the period 2023-24. He also served on NASSCOM’s Executive council since 2017.
iii. He is India Advisory Committee member of U.S.-India Business Council (USIBC), National Council member of Confederation of Indian Industry (CII), Ex Chairperson CII IT/ITeS committee and is a fellow of the Aspen Global Leadership Institute.
About Microsoft (India):
Country Manager – Ashutosh Gupta
Headquarters – New Delhi, Delhi
Established in – 1990


World Archery Youth Championships 2023: India won 11 medals(6 Golds, 1 Silver, 4 Bronze)The Indian Archery team won 11 medals (6 Golds, 1 Silver, 4 Bronze) and secured 2nd position in the medal tally of the Limerick 2023 World Archery Youth Championships held in Limerick, Ireland from 3rd July-9th July 2023.

  • South Korea topped the medal tally with 10 medals(6 Gold and 4 Silver).

i.The 19-year old Parth Salunkhe from Maharashtra becomes the 1st Indian male archer to win a gold medal in Recurve men’s individual by defeating South Korea’s Song Injun.
About World Archery:
President – Dr Ugur Erdener
Established – 1931
Headquarters – Lausanne, Switzerland


Spain’s only Ballon d’Or winner Luis Suarez passed away at 88Former Spanish footballer Luis Suarez Miramontes, The Ballon d’Or winner passed away at the age of 88 in Milan, Italy.He was the only spanish-born men’s footballer to receive the Ballon d’Or award (1960) as of July 2023.

  • Luis Suárez Miramontes is often referred to as the “Golden Galician” and nicknamed as “The Architect”.

About Luis Suarez: 
i.Luis Suarez was born in La Coruna, Spain in 1935 and began his career as footballer at Deportivo La Coruna football club.
ii.He represented Barcelona team for 253 games scoring 141 goals from 1954 to 1961 and was the part of winning two Liga titles (1958-59 and 1959-60), two Spanish Cups (1956-57 and 1958-59), and two Fairs Cups (1957-58 and 1959-60) .
iii.He played for Italian football club Inter Milan from 1961 to 1969, winning three Serie A titles, two European Cups and two Intercontinental Cups during his stay in Milan.
iv.He represented the Spanish national team for 32 games between 1957 and 1972, including winning the European Cup in 1964.
v.He also coached the Spanish National Team (La Roja) at the 1990 world cup in Italy.
Note:
Alexia Putellas of Spain won the women’s Ballon d’Or twice in 2021 and 2022.
About Ballon d’Or Award:
The Ballon d’Or is annually presented by the France Football magazine to the world’s best footballer for their performances over the previous year , since 1956.

World Population Day 2023 – July 11 The United Nations (UN)’s World Population Day is annually observed across the globe on 11th July to focus attention on the urgency and importance of population issues and to enhance awareness of population issues, including their relations to the environment and development.
The 2023 theme of World Population Day is “Unleashing the power of gender equality: Uplifting the voices of women and girls to unlock our world’s infinite possibilities“.
Background:
iIn 1989, the then-Governing Council of the United Nations Development Programme (UNDP) established World Population Day, an outgrowth of the interest generated by the “Day of 5 Billion“, which was observed on 11 July 1987.
ii. In December 1990, the United Nations General Assembly (UNGA) adopted the resolution A/RES/45/216 and decided to continue observing “World Population Day“.
iii. World Population Day was first observed on 11th July 1990 across the globe in more than 90 countries.
About United Nations Population Fund (UNFPA):
UNFPA is the United Nations sexual and reproductive health agency and it aims to deliver a world where every pregnancy is wanted, every childbirth is safe and every young person’s potential is fulfilled.
Started Operations- 1969
Executive Director- Dr. Natalia Kanem
Headquarters- New York, the United States of America (USA)
Motto: “Ensuring rights and choices for all”

Current Affairs – 11 July 2023

Defence Minister Rajnath Singh launched NCC Integrated Software for CadetsOn 7th July 2023, Rajnath Singh, Union Minister of Defence, launched the National Cadet Corps (NCC) Integrated Software (NIS), a single window interactive software for Cadets, in New Delhi, Delhi.
During the event, NCC signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) to open zero balance accounts of all NCC Cadets.
Key People:
Giridhar Aramane, Defence Secretary, Lt Gen Gurbirpal Singh AVSM VSM, Director General of NCC (DGNCC) and senior officials of the ministry of Defence (MoD), NCC, BISAG and SBI were present during the event.
About NCC Integrated Software (NIS):
i.NIS, designed on the ‘Entry to Exit Model’, wasdeveloped in partnership with Bhaskaracharya Institute for Space Applications and Geo Informatics (BISAG).
ii. The software, based on Prime Minister(PM) Narendra Modi’s vision of “Once a Cadet Always a Cadet”,will digitalize the entire process from the stage of enrolment in NCC as a cadet till exit registration as alumni.
iii. This will enable seamless issue of certificates, creation of an all India database of NCC cadets at the time of their employment.
MoU signed between NCC and SBI to open zero balance accounts for NCC Cadets
NCC and SBI signed a MoU to open zero balance accounts for all NCC Cadets with debit card, chequebook & passbook facility under the “Pahli Udaan” scheme, SBI savings account for minors.
Note: About 5 lakh Cadets will be benefitted by this MoU every year.
Key Features:
iThe account opened for the cadets will remain functional till completion of training or attaining 18 years of age whichever is later.
ii. This will introduce the cadets to the national banking system and provide them with a ready platform to avail benefit of other Government schemes through DBT (Direct Benefit Transfer) of funds into their accounts.

  • Under DBT initiative(MoD) reformed the physical uniform distribution to make it more transparent and seamless, allowing direct bank transfer of uniform allowance in the bank accounts of the NCC cadets.

iiiIt will replace the existing central procurement and distribution process.


Ministry of Education releases report on Performance Grading Index 2.0 for States/UTs for 2021-22i.On July 7, 2023, the Department of School Education & Literacy, Ministry of Education (MoE), released the Performance Grading Index (PGI): 2.0: 2021-22: States & Union Territories’ which assesses the performance of school education system at the State/UT level by creating an index for comprehensive analysis.
ii.It should be noted that the PGI: 2.0 is the revised version of earlier ‘PGI – State structure for 2021-22’.
iii.None of the States/UTs has attained the highest Grade i.e., Daksh.
iv.The top-most grade attained in PGI 2.0 is Prachesta – 2. It was attained by only 2 States and UTs, namely Punjab with score of 647.4 and Chandigarh (659.0).
v.The new PGI 2.0 structure covers 73 indicators, focused more on qualitative assessment, digital initiatives and teacher education.
About Ministry of Education (MoE):
Union Minister– Dharmendra Pradhan (Constituency- Rajya Sabha, Madhya Pradesh)
Ministers of State– Annpurna Devi (Constituency- Kodarma, Jharkhand); Dr. Rajkumar Ranjan Singh (Constituency-, Inner Manipur, Manipur); Dr. Subhas Sarkar (Constituency- Bankura, West Bengal)


ECI & ET of Panama signed MoU on Electoral CooperationOn 7th July 2023, the Election Commission of India (ECI) and the Electoral Tribunal (ET) of Panama signed a Memorandum of Understanding (MoU) to establish an institutional framework for their ongoing cooperation in the field of Election Management and Administration.

  • The MoU was signed in Panama City, Panama during the interaction between the 3 member ECI delegation led by Chief Election Commissioner (CEC) of India Rajiv Kumar and Alfredo Juncá Wendehake, Presiding Magistrate, ET of Panama, Eduardo Valdes Escoffery, 1st vice presidential magistrate and Luis A. Guerra Morales, 2nd vice presidential magistrate, ET of Panama.
  • During the meet, they discussed on strengthening collaboration and knowledge exchange between the two Election Management Bodies (EMBs).

Background:
iECI has been expanding its links and cooperation with foreign Election Management Bodies (EMBs) through its ‘International Cooperation Programme’.
ii. This is the 4th MoU signed by ECI with an Election Management Body (EMB) in the Latin American region.

  • Previously, ECI has signed similar MoUs with Brazil, Chile and Mexico.

iii. ECI has signed an overall 31 MoUs with EMBs and international organisations across the world.
Highlights:
iThe partnership between the 2 nations creates a platform for the exchange of knowledge, expertise, and technological advancements.
ii. The ECI and ET of Panama are the members of the Association of World Election Bodies (A-WEB).
Note: Officials from the ET of Panama also attended the international conference on ‘Inclusive Elections and Elections Integrity’ organised by the EC in March 2023 as the lead for ‘Cohort on Elections Integrity’ under the aegis of the ‘Summit for Democracy’.
iii. The ECI delegation will be attending the 11th Executive Board Meeting of A-WEB and an International Conference at Cartagena, Colombia.
Association of World Election Bodies (A-WEB):
A-WEB is the largest association of EMBs across the world with 119 EMBs as Members & 20 Regional Associations/Organisations as Associate Members.
About Panama:
Capital- Panama City
President- Laurentino Cortizo Cohen
Currency- Panamanian Balboa (PAB)


India and US jointly conduct ‘Operation Broader Sword’ to combat illegal drugsThe United States of America (USA) and India conducted “Operation Broader Sword”, a bilateral multi-agency enforcement initiative, to identify illicit and illegal medical products shipped using the International Mail System.

  • The operation held from 12th to 23rd June 2023 targeted shipments coming to the USA from India through International Mail Facilities (IMFs) in John F Kennedy International Airport in New York, USA and O’Hare International Airport, Chicago, USA.

Executive Agencies of this operation:
This joint operation was carried out by the U.S. Food and Drug Administration (FDA), U.S. Customs and Border Protection (CBP), Homeland Security Investigations (HSI), Drug Enforcement Administration (DEA), and U.S. Postal Inspection Service (USPIS), in collaboration with the Government of India’s Directorate of Revenue Intelligence (DRI).
Outcome of this Combat operation:
i.Over 500 shipments of unlawful and potentially deadly unapproved prescription medications, combination medical devices, and synthetic drug precursors were prevented from reaching American customers as a result of this combat operation.
ii.Investigators examined over 1500 shipments originating in India throughout the operation, taking action on around 500 goods, including illegitimate and unlawful pharmaceuticals intended to cure and/or reduce serious ailments.
Note:
Operation Broader Sword was built upon the success of Operation Broadsword which was held in 2020 at Chicago IMF targeting mail parcels containing illicit medical products from India


National Water Mission Signs MoU with Indian Plumbing Association To Improve Water Use EfficiencyOn 7th July 2023, the Bureau of Water Use Efficiency (BWUE), under the National Water Mission (NWM) of the Ministry of Jal Shakti, has signed a Memorandum of Understanding (MoU) with the Indian Plumbing Association (IPA) towards achieving a water-positive India by improving water use efficiency.

  • The MoU aims to create awareness & promote rain water harvesting structures, low flow fixtures & sanitary ware, treatment of grey & black water (5Rs: Reduce –Recycle- Reuse-Replenish-Respect), water audit of built environment.
  • Bureau of Water Use Efficiency (BWUE) has been set up under the Implementation of NWM by the Department of Water Resources, River Development and Ganga Rejuvenation (DoWR, RD & GR),Ministry of Jal Shakti.

The MoU was signed by Archana Varma, Additional Secretary & Mission Director, on behalf of NWM, Ministry of Jal Shakti and Gurmit Singh Arora, National President, IPA, Okhla, New Delhi, Delhi.
Outcome of the MoU:
i.The MoU helps to promote the objective of BWUE, to consume less water by increasing water use efficiency by aligning with the IPA’s ongoing efforts to advocate for water-sensitive fixtures that consume less water.
ii.IPA will cooperate to increase water use efficiency in domestic sector by 50-60% by reducing the consumption from 135 liters per capita per day (lpcd) to 60 lpcd and the need for water audits in built environments, such as residential buildings and hotels, to achieve the ambitious target of Net Zero Water Buildings.
iii.The MoU aligns with the NWM’s Goal-4 to increase the water use efficiency by 20%.
iv.The provisions in the MoU focus on implementation and promotion of the objective of the NWM, through 24 chapters (in various cities) and with more than 6500 members of IPA.
About Ministry of Jal Shakti:
Union Minister– Gajendra Singh Shekhawat
Minister of State– Prahlad Singh Patel; Bishweswar Tudu.


MEA: India joins Champions Group of Global Crisis Response Group      On 7th July 2023, the Ministry of External Affairs (MEA) announced that India has joined the champions group of the Global Crisis Response Group (GCRG) at the invitation of Antonio Guterres, United Nations (UN) Secretary General (SG), to Narendra Modi, Prime Minister (PM) of India.

  • Sanjay Verma, Secretary (West), MEA has been designated as Sherpa to the GCRG process.

Note: On 7th July 2023, the sherpas of GCRG convened a virtual meeting and the meeting of the Champions Group is scheduled for 21st July 2023.
Key Points: 
iThe decision to join the Group reflects India’s increasing global leadership and commitment addressing contemporary global challenges.
ii. India’s participation will further improve the efforts of the UN in locating result-oriented solutions on developmental issues that impact the world, particularly developing countries.
Global Crisis Response Group (GCRG):
iThe GCRG was set up by the UN SG in March 2022 to direct urgent and critical global issues pertaining to interlinked crises in food security, energy, and finance and to coordinate a global response.
ii. The 32-member Group ensures high-level political leadership to get ahead of the immense inter-connected challenges of food security, energy, and financing, and implement a coordinated global response to the ongoing crises.
iii. Chair of the GCRG will be the UN SG António Guterres.
About Champions Group of GCRG:
The GCRG is supervised by the Champions Group composed of Heads of States (HOS)/ Heads of Governments (HOG) of Bangladesh, Barbados, Denmark, Germany, Indonesia and Senegal.


Over half of world’s child trafficking victims trafficked within own country: Report by IOM & FXBThe International Organization for Migration (IOM) and François-Xavier Bagnoud Center for Health and Human Rights at Harvard University (FXB) released a new report titled ‘From Evidence to Action: Twenty years of IOM child trafficking data to inform policy and programming‘.

  • As per it, half of child trafficking victims are trafficked within their own country.
  • In cases of international trafficking children are mostly trafficked to neighbouring, wealthier countries.

This report, a first of its kind, is based on analysis of extensive, globally sourced data, using the IOM’s Victims of Trafficking Database (VoTD). It analyzed primary data from more than 69,000 victims of trafficking of 156 nationalities, trafficked in 186 countries.
Key Points:
i.The report highlights that child trafficking is a multifaceted and intricate issue that persists and transforms across borders. It affects all ages, genders, and nationalities, making it a truly global phenomenon with no immunity.
ii.Approximately half of the trafficked children, mostly boys, are subjected to forced labor across various industries like domestic work, begging, and agriculture.
iii.Another significant aspect is sexual exploitation, which impacts around 20% of trafficked children, primarily girls, through activities such as prostitution, pornography, and sexual servitude.
iv.To effectively combat child trafficking, accurate and current data is crucial for evidence-based policy and programming. However, the availability of actionable data is currently limited, and reaching child victims through conventional surveys is challenging due to various factors.


Coal India Limited received ‘The Rising Star Award’ by GeM
Coal India Limited (CIL), a Maharatna Public Sector Unit (PSU) under the Ministry of Coal is the recipient of the Rising Star Award has been honoured with the “Rising Star Award” in appreciation of its outstanding efforts to enhance procurement through the Government e-Marketplace (GeM) portal in the fiscal FY 2022–23.

  • Piyush Goyal, Union Minister for Textile, Commerce and Industry, Consumer Affairs, Food, and Public Distribution, presented the award to CIL.
  • Anupriya Patel, Minister of State (MoS) for Commerce and Industry and Prashant Kumar Singh, Chief Executive Officer (CEO) GeM, were also present at the event.

Note: GeM or e-Marketplace, launched in 2016, is a 100% Government owned National Public Procurement Portal for different goods & services procured by Government Organisations / Departments / PSUs.    


Bajaj Allianz Life Insurance Wins Insurer Innovation Award 2023 at the World’s Digital Insurance Awards
Bajaj Allianz Life Insurance Co. Ltd, has won the Insurer Innovation Award 2023 for the Asia Pacific(APAC) region at The World’s Digital Insurance Awards . The award was presented to recognise Bajaj Allianz Life’s ground-breaking WhatsApp Conversational Platform which empower customers to digitally service their policies.

  • TDI – The Digital Insurer, hosted the 8th edition of the World’s Digital Insurance Awards to showcase some of the most innovative projects in the insurance industry.

The WhatsApp Conversational Platform:
Bajaj Allianz Life Insurance developed an customer BOT to self-serve and resolve queries while also offering real-time human live agent support to its sales and distribution channels as well as employees.
i.In the last 3 years, 86% of Bajaj Allianz Life’s active customer base has opted for WhatsApp servicing.
ii.12% of total service transaction volumes are handled by the WhatsApp Business Platform.
iii.2.4 lac customers interact with the BOT monthly to fulfill their policy requirements.
About Bajaj Allianz Life Insurance:
i.Bajaj Allianz Life Insurance is one of India’s leading private life insurers  began its operations from August 2001. It is headquartered in Pune, Maharashtra.
ii.It is a joint venture between Bajaj Finserv Limited, a non-banking financial institutions in India, and Allianz SE, world’s leading global insurer and asset manager.


Rajkumar Upadhyay gets a 2-Year Extension as CEO of C-DoTThe Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Telecommunications(DoT) for the extension in tenure of Dr. Rajkumar Upadhyay, CEO (Chief executive officer), C-DoT(Centre for Development of Telematics) for a period of 2 years till 9th July 2025 or attaining the age of 60 years.
Key points:
i.In October 2020, Upadhyay joined India’s telecom technology research organisation C-DoT as the executive director and in November 2022 he was promoted as CEO and C-DoT’s board chairman.
ii.Previously, he served as Additional Director General, Doordarshan & All India Radio(AIR), Prasar Bharati, deputy director general (DDG) at DoT, advisor at Telecom Regulatory Authority of India (TRAI) and is also the founding member of the Bharat 6G Alliance.
iii.He won many awards which include J. C. Bose award (1987) by Ministry of Defence(MoD), the National e-Governance award (2007) by Government of India (GoI), CIO 100 award (2007) by International Data Group (IDG), and Deepak C. Jain Award (2009) by IIM (Indian Institutes of Management) Bangalore, India.
About Centre for Development of Telematics(C-DoT):
Chief executive officer- Dr. Rajkumar Upadhyay
Established- 1984
Headquarters- New Delhi, Delhi.


DoT Secretary K Rajaraman IAS Replaces Injeti Srinivas as Chairman of IFSCAAccording to the notification released by The Department of Economic Affairs (DEA) under Ministry of Finance, The Department of Telecommunications secretary and 1989-batch IAS officer of the Tamil Nadu Cadre, Rajaraman will be the next chairman of the International Financial Services Centres Authority (IFSCA).

  • He will be replacing Injeti Srinivas, the first chairperson of IFSCA (which acts as a unified authority for the development and regulation of financial products, financial services and financial institutions) appointed in 2020.
  • Rajaraman is expected to join the IFSCA in the month of August 2023.
  • His tenure  will be for three years from the date of his assumption of charge of the post, or till attaining the age of 65 years, or until further orders, whichever is the earliest.
  • As per the IFSCA (salary, allowance, and other terms and conditions of service of chairperson and members) Rules 2020, the proposal put forth by the Department of Economic Affairs to appoint K Rajaraman, IAS, as the Chairperson of IFSCA has been approved by the Appointments Committee of the Cabinet(ACC).

About K Rajaraman:
iIn October 2021, he assumed charge as the Telecom Secretary.  He successfully conducted first-ever fifth generation or 5G auction, with the government fetching more than Rs 1.5 lakh crore.
ii. He is also considered as a driving force behind the recently-launched Bharat 6G Alliance and in rolling out Bharat Sanchar Nigam Limited (BSNL) 4G network
About International Financial Services Centres Authority(IFSCA):
Headquarters – Gandhinagar, Gujarat.
Established in – 2020
Established under – International Financial Services Centres Authority Act, 2019


SpaceX Gets license from Mongolia to offer high-speed internet via Starlink SatellitesThe government of Mongolia has granted 2 licenses to the SpaceX, owned by Elon Musk, to function as an internet service provider utilizing Starlink, satellite communications service operated by SpaceX.

  • Following this, SpaceX will provide high speed connectivity through Starlink to the internet users in Mongolia.

Background: 
The collaboration between the government of Mongolian and SpaceX was formally initiated in February 2023 during the Mobile World Congress(MWC) 2023 held in Barcelona, Spain from 27 February to 2 March 2023.
Note: Starlink has established a network of more than 3,500 satellites in Low-Earth Orbit (LEO) that can provide connectivity in remote areas.
Key Points: 
i.At present, Mongolia has an extensive network of fiber optic cables which provides access to high speed internet.
ii.The introduction of starlink technology will enhance the connectivity to the underserved locations, that are difficult to reach.
About Mongolia: 
Prime Minister– Luvsannamsrai Oyun-Erdene
Currency– Mongolian Tugrik
Capital– Ulaanbaatar


UN Unveiled 51 robots at AI summit to Advance SDG goals

International Telecommunication Union(ITU), a specialized agency of the United Nations(UN) responsible for information and communication technologies, organised 2 days Global Summit  ‘AI for Good’ in Geneva, Switzerland.

  • The summit highlighted the deployment of specialized robots to aid in achieving the organization’s 17 Social Development Goals (SDGs)
  • With less than a decade remaining to fulfil the SDGs, this summit aims to identify practical applications of artificial intelligence (AI) in advancing these goals and scaling up the solutions for global impact.

About Sustainable Development Goals(SDG):
Sustainable Development Goals are a set of 17 global goals established by the United Nations (UN) in 2015. The SDGs build upon the progress made through the Millennium Development Goals (MDGs) and aim to integrate economic growth, social inclusion, and environmental sustainability.

About the Summit:
Recent advancements in AI technology, including chatbots, object detection, and human emotion recognition played a significant role in the summit’s discussions.
Day 1: Cutting-edge robotic AI solutions were presented through 51 robot(out of which nine are Humanoid) demonstrations by companies such as Pepper the Robot, GoBe Robot, Aliengo, B1, and Go1.Notable robots which attended the Global Summit include:

  • Grace : World’s most advanced humanoid healthcare robot.First developed in partnership with Hanson Robotics and SingularityNET, Grace is “the world’s foremost nursing assistant robot”, made to provide support and care for the elderly.
  • Sophia : The first robot Innovation Ambassador for the United Nations Development Programme (UNDP),built by Hanson Robotics.UN Deputy Secretary-General Amina Mohammed interacted with Sophia during the summit.
  • Nadine: Developed by the University of Geneva, Nadine is known as one of the most realistic humanoid social robots in the world.
  • Geminoid: Created by Hiroshi Ishiguro from Japan, Geminoid is an ultra-realistic humanoid robot that closely resembles its human creator.
  • 4NE-1: Neura Robotics has designed 4NE-1, which is recognized as one of the most advanced cognitive humanoid robots globally.
  • Ai-Da Robot, the first ultra-realistic robot artist, designed by Aidan Meller, and Desdemona, the “rockstar” robot of the Jam Galaxy Band.

Day 2: A first-of-its-kind press conference where journalists pose questions to an all-robot panel was held.
Note – The United Nations is already leveraging AI in various areas, including the World Food Programme’s HungerMap project.
About United Nation:
Established in – 1945
Members – 193 countries
United Nation Secretary-General – António Guterres
Headquarters – New York, United States of America (USA)


Badminton: Lakshya Sen Wins Men’s Singles Title in Canada Open 2023Indian Badminton Player Lakshya Sen won the Men’s Singles finals at the Badminton World Federation (BWF) Yonex Canada Open 2023 (Canada Open 2023) defeating China’s Li Shi Feng (reigning All England champion 2023), held in ​Calgary, Canada from 4th July – 9th July 2023.

  • India’s P.V. Sindhu lost to Japan’s Akane Yamaguchi in the Women’s Singles (semifinals) of Canada Open 2023.

About Lakshya Sen:
i.This marks Lakshya Sen’s second BWF Super 500 title, earlier he won his maiden Super 500 title at the 2022 India Open in January 2022 (by defeating Loh Kean Yew of Singapore)
ii.Lakshya Sen previously won the men’s singles gold medal by defeating Malaysia’s Ng Tze Yong in Commonwealth Games Birmingham 2022.
Winners of Canada Open 2023:
Women’s Singles: Akane Yamaguchi (Rank 1) of Japan won the Women’s Singles title by defeating Thailand’s Ratchanok Intanon at the Canada Open 2023.
Men’s Doubles: Kim Astrup and Anders Skaarup Rasmussen of Denmark won the Men’s Doubles title by defeating Frederik Sogaard and Rasmus Kjær of Denmark.
Women’s Doubles: Nami Matsuyama and Chiharu Shida (Rank 3) of Japan won the Women’s doubles title by defeating Wakana Nagahara and Mayu Matsumoto of Japan at the Canada Open 2023.
Mixed Doubles: Hiroki Midorikawa and Natsu Saito of Japan won the mixed Doubles by defeating Mathias Thyrri and Amalie Magelund of Denmark.
About Canada Open:
i.The Canada Open first started in 1962 and comes under the Badminton World Federation (BWF) Super 500 Category.

  • BWF World Tour is classified into six levels, namely World Tour Finals, four Super 1000, six Super 750, seven Super 500, and 11 Super 300.

About Canada Open 2023:
i.The Canada Open 2023 marks the 58th edition organised by Badminton Canada and Badminton Alberta with the support from BWF.
ii.Prize Money:
Total – USD 4,20,000
Men’s Singles – USD 31,500
Women’s Singles – USD 31,500
Men’s Doubles – USD 33,180
Women’s Doubles – USD 33,180
Mixed Doubles – USD 33,180
About Badminton World Federation (BWF):
President – Poul-Erik Hoyer Larsen
Headquarters – Kuala Lumpur, Malaysia.
Established – 1934


F1 British GP 2023: Red Bull’s Max Verstappen won his first ever British GP Title On 9th July 2023, Max Verstappen, the Red Bull driver (Dutch-Belgian) won the title at Formula 1 (FIAramco British Grand Prix (GP) 2023 held at Silverstone Circuit in Northamptonshire, England (the United Kingdom, UK).

  • This marks his first ever British GP title and 6th consecutive F1 win of the 2023 season.
  • This also marks Max’s 8th win of this season and Red Bull’s 10th consecutive win of 2023 season (the other 2 titles were won by Sergio Perez in Saudi Arabia GP and Azerbaijan GP).

Lando Norris, the McLaren driver (Belgian-British) finished second and Lewis Hamilton, the Mercedes driver (British) finished third.
British GP 2023 was the home race for both Lando Norris and Lewis Hamilton. This victory of Max Verstappen making it a record-equalling 11 wins in a row for Red Bull and also his 6th win in a row and 8th in 10 races this season.
Note:

  • This is the Red Bulls’ 11th win in a row, a record stretching back to Max Verstappen win at the final race of November 2022 in Abu Dhabi.
  • No team has ever completed an unbeaten F1 season. Red Bull is still on course to do so. McLaren’s 1988 team was the closest any team came, winning 15 of the 16 races that year.
  • Red Bull will have to win 22 races to do the same.

Key Points:
iIt was Max Verstappen’s 43rd career win, and it has helped both Red Bull and Max Verstappen to lead in their respective Constructors’ and Drivers’ standings.
ii. The win was Red Bull’s first at Silverstone circuit since Mark Webber (Australian) in 2012.
iiiLando Norris team mate Oscar Piastri (McLaren) finished 4th and Lewis Hamilton’s team mate George Russell (Mercedes) finished 5th.
iv. The British GP 2023 took place over 52 laps of the 5.891-kilometre Silverstone Circuit.
FI 2023 British GP Results (Top 3):


Grand Chess Tour: Gukesh finished 5th, Viswanathan Anand tied at 7th in SuperUnited Rapid and Blitz Croatia 2023Indian Grand Master (GM) Dommaraju(D) Gukesh (17 years old) finished 5th(with score 19.5/36) while Fomer World Champion GM Viswanathan Anand (with score 16.5/36) tied at 7th place with Jan-Krzysztof Duda of Poland in the SuperUnited Rapid and Blitz Croatia 2023, the 3rd led of the Grand Chess Tour (GST) 2023, held from 3rd to 10th July 2023 in Westin Zagreb, Zagreb, Croatia.

  • World No. 1 & Former World Champion Magnus Carlsen of Norway won the SuperUnited Rapid and Blitz Croatia 2023 with a score of 26.0/36.
  • Ian Nepomniachtchi of Russia finished 2nd with 22.5 points and Alireza Firouzja of Iran finshied 3rd with 22 points.

During the tournament, for the first time Gukesh defeated Viswanathan Anand in the rapid segment. This was also Gukesh’s first tournament match against Viswanathan Anand. On 9th July 2023, Gukesh defeated Anand in 34 moves in the blitz segment of the tournament.
The Prize amount received by Gukesh and Viswanathan Anand was USD 15,000 and USD 9,500 respectively.
The SuperUnited Rapid & Blitz 2023:
iIt was the third tournament and midway point of the Grand Chess Tour and the final results came from a combination of the scores in Rapid and Blit
ii. The tournament saw 9 rounds of rapid and 18 rounds of Blitz being played and the Total Prize Fund: USD 175000
iii. The winner of the tournament Magnus Carlsen received a winner’s trophy and a cash prize of USD 40,000.
ivIan Nepomniachtchi received USD 30,000 for the 2nd place and AlirezaFirouzja received USD 25,000 for the 3rd
About Grand Chess Tour 2023: 
i.The Grand Chess Tour is a circuit of international chess tournaments and events, each demonstrating the highest level of organization for the world’s best chess players.
ii.Tournaments under GCT 2023:

  • Superbet Chess Classic Romania: May 4 – 16, 2023, Bucharest, Romania
  • Superbet Rapid & Blitz Poland: May 19 – 26, 2023, Warsaw, Poland
  • SuperUnited Rapid & Blitz Croatia: July 3 – 10, 2023, Zagreb, Croatia
  • Saint Louis Rapid & Blitz: November 12 – 19, 2023, Saint Louis, Missouri, USA
  • Sinquefield Cup November 19 – December 3, 2023, Saint Louis, Missouri, USA

Note: At present, Fabiano Caruana  leads the GCT standings with 20 points.
Final Standings of the SuperUnited Rapid and Blitz Croatia 2023 (Top 5):


K M Vasudevan Namboothiri, Line Artist from Kerala, passed away at 98
On 7th July 2023, Karuvattu Mana (K M ) Vasudevan Namboothiri, one of India’s fine line artist and a literary illustrator from Kerala passed away at the age of 98 in Kottakkal, Malappuram district, Kerala. He was born in 1925 in Ponnani, Madras Presidency, British India(now in Kerala).

  • He is well known for his illustrations for short stories and novels of Malayalam, like Randamoozham (M.T. Vasudevan Nair), Enippadikal (Thakazhi Sivasankara Pillai), Pithamahan (VKN) and Smarakasilakal (Punathil Kunhabdulla).
  • Namboodiri also worked as an art director for a few films, such as Uttarayanam, which marked the debut of G. Aravindan, one of Malayalam cinema’s finest filmmakers. The film won him the Kerala State Award for the best art director. 

National Fish Farmer’s Day 2023 – July 10 National Fish Farmer’s Day(NFFD) is annually observed across India on 10th July to recognise the contributions of the fish farmers, aquaculture industry professionals and other stakeholders towards sustainable development of the fisheries sector.

  • 10th July 2023 marks the observance of 23rd National Fish Farmers Day(NFFD).
  • 10th July also marks the observance of the National Fisheries Development Board (NFDB) Foundation Day.  10th July 2023 marks the observance of the 17th NFDB Foundation Day.

Background:
i.In 2001, the government of India declared every year 10th July will be celebrated as National Fish Farmers Day.
ii.The first Fish Farmers Day was observed in 2001 by the Indian Council of Agriculture Research (ICAR)- Central Institute of Fisheries Education (CIFE), a premier institute of Fisheries Education in India based in Mumbai, Maharashtra.
About Ministry of Fisheries, Animal Husbandry and Dairying(MoFAH&D):
Union Minister– Parshottam Rupala (Rajya- Sabha Gujarat)
Minister of State– Dr Sanjeev Kumar Balyan; Dr L. Murugan

Current Affairs – 8, 9 & 10 July 2023

Overview of virtual 23rd SCO-CHS Summit 2023; Chaired by India for 1st time
i.On July 4, 2023, the Prime Minister (PM) of India Narendra Modi chaired the 23rd Shanghai Cooperation Organization’s Council of Heads of State (SCO-CHS) Summit which was held in a virtual format. This is the first time India chaired the SCO-CHS Summit.
ii.The theme of the summit was ‘Towards a SECURE SCO’. It stands for Security; Economy (and Trade); Connectivity; Unity; Respect (for Sovereignty and Territorial Integrity); and Environment.
iii.During the summit, the member nations signed the New Delhi Declaration coined by the Indian Government to fight against terrorism. It envisages developing common principles and approaches to form a unified list of terrorist, separatist and extremist organizations whose activities are prohibited on the territories of the SCO Member States.
iv.The PM Narendra Modi presented the AI (artificial intelligence) and Natural Language Processing (NLP)-based language platform ‘Bhashini’ at SCO summit which can transcend language barriers by translating in-real time.
v.During the summit, Iran became the new permanent member (9th) of SCO. Now, the member nations of SCO increased to 9 viz. China, Russia, India, Iran, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.


India, Singapore Have Extended MoU to Co-operate on Public Administration Till ‘2028On 6th July 2023, The Department of Administrative Reforms and Public Grievances (DARPG), Ministry of Personnel, Public Grievances and Pensions(MoPPG &P), and the Public Service Division, of the Republic of Singapore have signed a protocol document to extend the current Memorandum of Understanding (MoU) on Cooperation in Personnel Management and Public Administration for another five years till 2028.
Key points:
i.The MoU aims to strengthen the partnership between India and Singapore public services.
ii.The activities that are covered under the MoU includes cooperation in the areas of Administrative Reforms & Public Sector Transformation, Public Service Delivery, Leadership and Talent Development, E-Governance, Capacity Building and Training.
Signing of the MoU:
i.The MoU was signed by V Srinivas, secretary on behalf of DARPG, and High Commissioner of Singapore to India, Simon Wong.
ii.The signing ceremony was attended by senior officers of the Singapore High Commission and DARPG. Permanent Secretary, Public Service Division, Republic of Singapore also attended and addressed the event virtually.
About Ministry of Personnel, Public Grievances and Pensions(MoPPG&P):
Union minister- Narendra Modi (Prime Minister)(Varanasi, Uttar Pradesh)
Minister of state- Dr. Jitendra Singh(Udhampur, Jammu and Kashmir)


3rd Edition of NeSDA: DARGP launched portal for NeSDA 2023On 6th July 2023, V. Srinivas, Secretary, Department of Administrative Reforms and Public Grievances (DARPG) under the Ministry of Personnel, Public Grievances and Pensions, launched the 3rd edition of the National e-Governance Service Delivery Assessment (NeSDA 2023) portal (nesda.gov.in).

  • With the launch of the NeSDA 2023 portal, DARPG has begun its work towards the preparation of the 3rd edition of the NeSDA (NeSDA 2023) study.

About the framework of NeSDA 2023:
i.3rd edition of the NeSDA framework developed by DARPG aims to analyse the depth and effectiveness of existing e-Governance service delivery mechanisms from the citizen’s perspective.
ii. This framework, based on the Online Service Index (OSI) of the United Nations (UN)’s E-Government Survey, has been revised for the Indian federal structure and the e-Governance landscape of the States and Union Territories (UT)’s.
iii. Framework for NeSDA 2023 is elaborated under 3 dimensions:

  • Portals Coverage
  • Mandatory Services Coverage
  • Assessment Parameters

1. Portals Coverage:
iAll Government Portals assessed during NeSDA are classified into two categories viz., (i) State, UT, Central Ministry Portal and (ii) State, UT, Central Ministry Services Portals.
ii. NeSDA 2023 framework will evaluate the maturity of e-Government at the City level by assessing City Portal i.e., the official portal of respective City/Urban Local Body that provides a single window access to the information and links to the services being provided for the citizens and other stakeholders in the city.
2. Focus Sectors and Mandatory Services Coverage:
iThe NeSDA framework covers G2C (Government to Government) and G2B (Government to Business) services across 7 sectors, such as Finance, Labour Employment, Education, Local Governance Utility Services, Social Welfare (including Health, Agriculture, Home Security), Environment (including Fire) and Tourism sectors.
In NeSDA 2023, 5 mandatory services at State/UT level and 12 services at Central Ministry level would be evaluated.
A total of 59 mandatory services will be assessed for every State & UT and 37 services will be assessed for Central Ministries.
3. Assessment Parameters:
The 2023 NeSDA framework proposed to include three additional assessment parameters: Open Government Data (OGD), E-Participation, and Leveraging Emerging Technologies, to make the framework more robust with leading global digital government trends.
About NeSDA
NeSDA is a biennial study undertaken by the DARPG to enhance the e- Governance Service Delivery of the States/UT’s and Central Ministries and helps to improve their citizen-centric delivery of services and share best practices across India.
Note:

  • The DARPG has successfully released 2 editions of NeSDA study: NeSDA 2019(released in 2020) and NeSDA 2021 (released in 2022).
  • In NeSDA 2021, 1400 services across all States and UTs were assessed as compared to 872 in 2019, an increase of over 60%.

Key Takeaways of NeSDA 2021:

  • Increase in e-Service Delivery
  • Rise in use of Integrated / Centralised Portals for delivery of e-Services
  • Improvement across assessment parameter scores

2023 WHO-UNICEF JMP report: Women, girls bear the burden of Water, Sanitation CrisisAccording to the report by World Health Organization(WHO)- United Nations Children’s Fund (UNICEF) Joint Monitoring Programme for Water Supply, Sanitation and Hygiene (JMP) titled “Progress on household drinking water, sanitation and hygiene 2000-2022: Special focus on gender”, gloablly women and girls bear the burden of drinking water, sanitation and hygiene (WASH) crises.

  • Women and girls spend more than ten times as much time fetching water for households than men.
  • Girls are nearly twice as likely as boys to bear the responsibility.

Note: This is the first in depth analysis of gender inequalities in WASH in household.
Gist of the report: 
i.Globally, around 1.8 billion people live in households without water supplies on the premises.
ii.Women and girls(age 15 or above) are responsible for water collection in 7 out of 10 households without water supplies on premises.
iii.Girls under 15 (7%) are also more likely than boys under 15 (4%) to fetch water.
iv.The report also noted that women and girls are likely to feel unsafe using a toilet outside of the home and disproportionately feel the impact of lack of hygiene.
v.Around 500 million people across the globe share sanitation facilities with other households.
vi.According to a recent survey, 22 countries show that among households with shared toilets, women and girls are more likely than men and boys to feel unsafe walking alone at night and face sexual harassment and other safety risks.
Key Points:
i.According to the WHO Data, Globally, 1.4 million lives are lost each year due to inadequate water, sanitation and hygiene.

  • 2.2 billion people (1 in 4) lack safely managed drinking water at home.
  • 3.4 billion people(2 in 5) lack safely managed sanitation.
  • 2 billion people(1 in 4) cannot access soap and water at home to wash their hands.

Points to be noted: 
i.Achieving universal access to WASH services by 2030 requires substantial progress and integrated gender considerations.
ii.Sustainable Development Goal: SDG 6 – Ensure availability and sustainable management of water and sanitation for all.
iii.The report highlighted that between 2015 and 2022,

  • Household access to safely managed drinking water increased from 69 to 73%.
  • Safely managed sanitation increased from 49 to 57%.
  • Basic hygiene services increased from 67 to 75%.

IBA sets up 5-member group to implement RBI committee’s recommendations on ARCs

Indian Banks’ Association (IBA) has formed a five-member working group for the Implementation of recommendations from the Reserve Bank of India’s committee on the working of Asset Reconstruction Companies (ARCs).

  • The primary focus of the working group is to conduct a thorough review of assignment agreements and trust deed templates related to the acquisition of distressed assets by ARCs from lenders.
  • The aim of this review is to update these templates to align with the evolving changes and expectations within the ARC sector, enabling them to meet the growing demands of the financial industry.

Members:

RBI’s action on Sudarshan Sen Committee:
i. The formation of the working group follows the establishment of an RBI committee chaired by Sudarshan Sen, a former Executive Director of RBI. The committee was tasked with conducting a comprehensive review of the functioning of ARCs, and its report was released on November 2, 2021.
ii. The RBI has instructed the IBA and SLMA to form a Group to promptly implement the committee’s recommendations, in consultation with lenders and ARCs.
Role of  IBA & Secondary Loan Market Association (SLMA):
The central bank has directed the Indian Banks’ Association (IBA) and Secondary Loan Market Association (SLMA) to proactively implement the committee’s recommendations without delay. The implementation should be done in close coordination with the lenders and Asset Reconstruction Companies (ARCs), ensuring their active involvement in the process.
iIBA is anticipated to furnish lenders with a standardized procedural document to guarantee certainty and transparency during their auctions.
ii. To ensure transparency and consistency in the sale of distressed assets (non-performing loans), there are plans to potentially create a dedicated online platform. The infrastructure developed by SLMA could be utilized for this purpose.

  • In order to streamline documentation procedures, the Secondary Loan Market Association (SLMA) will create standardized templates for documents.

About Asset Restructuring Company(ARC):
i.The ARC framework plays a vital role in the financial sector by allowing originators to focus on lending activities while transferring distressed financial assets (non-performing loans) to ARCs.
ii.ARCs act as primary agents for recovery after acquiring these assets. The framework also aims to assist borrowers in revitalising their businesses, protecting viable and productive assets, and ensuring better returns for banks and financial institutions from stressed assets.


PhonePe Launched One Stop POS Solution for its Merchants
On 6th July 2023, PhonePe launched its Point-of-sale (POS) device that enables merchants to accept payments through Debit Cards, Credit Cards and UPI, with a simplified settlement experience.

  • The device comes preloaded with the PhonePe POS App and supports transactions through tap/swipe/dip and interoperable dynamic QR (Quick Response) codes.
  • The POS device, built on the Android platform, can be accessed in areas of cellular coverage.
  • Reliable and security being its top features, it has PCI-PTS 6(Payment Card Industry-PIN Transaction Security) certification safeguarding both merchant and consumer data.

Meta launches a new app , Threads

On 6th July 2023, Threads, an app launched as a new text-based microblogging platform, developed by Facebook parent Meta for sharing text updates and joining public conversations.It is built by the Instagram team,photo and video sharing social networking service owned by American company Meta Platforms.

  • The new app is rolled out in 100 countries (currently unavailable in EU region) including India and is available in iOS(iPhone Operating System) and Play Store.
  • It is said to be the text-based version of Meta’s photo-sharing app Instagram.Thread users will need an Instagram account to log in.
  • The posts in Threads can be up to 500 characters long and include links, photos and videos up to five minutes long .
  • Threads app has similarities to Twitter. Both platforms focus on text-based updates and public conversations. Threads aims to provide a microblogging experience similar to Twitter, allowing users to share their thoughts, engage with others, and participate in public discussions.

THDCIL Signs MoU with NHAI  for Technical Services for Road Safety
On 4th July 2023, THDC India Ltd (THDCIL), a Mini Ratna category-I company under National Thermal Power Corporation Limited(NTPC) and a Schedule ‘A’ Public Sector Undertaking (PSU) signed a Memorandum of Understanding (MoU) with the National Highways Authority of India (NHAI) at the NHAI headquarters in New Delhi, Delhi to provide technical services as the technical consultant.

  • The collaboration aims to enhance road safety in the National Highway, by addressing the risks associated with landslides.

i.The MoU was signed by Atul Jain, Executive Director(ED)(Technical) THDCIL, and Amarendra Kumar, CGM (Technical) of NHAI.
ii.THDCIL will be responsible for assessing landslide susceptibility areas and recommending mitigation measures for vulnerable slopes between Udhampur and Ramban in Jammu&Kashmir on NH(National Highway) 44.


IAU named Minor Planets after Aswin Sekhar, 1st Indian meteor astronomer, & 3 other Scientists The International Astronomical Union (IAU) through its Working Group Small Bodies Nomenclature (WGSBN) named Minor Planets after 4 Indians namely Aswin Sekhar, India’s prominent meteor astronomer from Kerala, Ashok Kumar verma, an Indian astrophysicist, Kumar Venkataramani, an Indian astronomer and Rutu parekh, planetary geologist from Gujarat.
This honour was conferred at the Asteroids, Comets, Meteors (ACM) Conference 2023, held in Arizona, the United States of America (USA), from June 18-23, 2023.
Aswin Sekhar is the first professional meteor astronomer from India in modern times.
Minor Planets:
iMinor planets are small celestial bodies within the solar system that are orbiting the sun. These include the asteroids, Pluto and other icy worlds beyond Neptune, and a diverse host of other bodies.
ii. Ceremonial naming system and Non-ceremonial naming system are the 2 types of naming systems for the Minor Planets.
iii. The Minor Planets named after the 4 Indians are: 2000LJ27 named after Aswin Sekhar; 2000HD73 named after Rutu parekh; 2000SM362 named after Kumar Venkataramani; 2001FG122 named after Ashok Kumar Verma
About Aswin Sekhar:
iAswinSekhar was born in 1985 in Ottapalam, Kerala.
ii. He is currently affiliated with the Paris (France) Observatory which comes under the Ministry of science, technology and education, government of France.
iii. He was a solar system dynamicist at Centre for Earth Evolution & Dynamics (CEED), University of Oslo, Norway for the Crater Clock Project funded by the Research Council of Norway.
iv. The IAU honoured him, as an international association of professional astronomers, at the Doctor of Philosophy (PhD) level and beyond.
v. He has made important contributions to the field of meteors in meteoroid stream dynamics, particularly in the effects of relativity and resonances in meteoroid streams.
About Ashok Kumar Verma:
He is a senior flight dynamics engineer at the National Aeronautics and Space Administration (NASA) Goddard Space Flight Center in Maryland, the United States of America (USA).
About Kumar Venkataramani:
He is an astronomer at California Institute of Technology (CalTech) in California, the USA, specialising in spectroscopic observations of comets and asteroids.
About Rutu Parekh: 
iShe is a planetary geologist studying icy surfaces on various celestial bodies, including Mars.
ii. She is currently serving as a post-doctoral researcher at NASA’s Jet Propulsion Laboratory (JPL) in the USA


Sheo Kumar Singh-I appointed as acting chairperson of NGT
Justice Sheo Kumar Singh-I was appointed as the acting chairperson of National Green Tribunal (NGT) by the Union Ministry of Environment, Forest and Climate Change (MoEFCC) with the effect from July 6, 2023 until further notice.

  • He succeeded Justice Adarsh Kumar Goel, chairperson of NGT (July 2018 -July 2023), who retired on July 6, 2023.
  • He was part of the NGT as a judicial member since March 11, 2020.

About Sheo Kumar Singh-I:
i.Sheo Kumar Singh-I joined Judicial Service in 1984 and worked as district judge in different districts of Uttar Pradesh (UP), Registrar (Judicial) of Supreme Court, Registrar General at High Court of Judicature at Allahabad before his elevation as high court judge.
ii.He was appointed Observer of the Ram Janam Bhumi in Ayodhya by the Supreme Court to monitor the excavation work carried out by the expert team of Archeological Survey of India (ASI).
iii.He also served as a judge of the Industrial Tribunal in Uttar Pradesh and the chairman of the Oversight Committee in the state constituted by the NGT.
National Green Tribunal (NGT): 
i.Purpose:According to the National Green Tribunal Act (2010), the National Green Tribunal was founded in 2010 as a specialised judicial body with expertise primarily for the purpose of mediating environmental cases.
ii.Functions:The Tribunal is responsible for providing an effective and timely remedy in situations involving environmental protection, conservation of forests and other natural resources, and enforcement of any environmental legal right.
iii.Jurisdiction:The Tribunal’s orders are binding, and it has the authority to offer affected persons relief in the form of compensation and damages.
About National Green Tribunal (NGT):
Acting Chairman Person – Sheo Kumar Singh-I
Established – 2010
Headquarters – New Delhi, Delhi


LIC Reduces 2% Stake in India Cements Through Open Market Transactions

Life Insurance Corp (LIC),Indian state-owned insurance group and investment company has reduced its stake by 2% in India Cements Ltd from 5.87% to 3.83%. The reduction has taken place between November 2017 and July 2023 through open market transactions.

  • Post the sale of 63.28 lakh share, LIC currently holds 1.19 crore shares of India Cements.

Note: India Cements currently runs eight integrated plants and two grinding units across India, with a total cement production capacity of around 15.5Mta (million tons per annum).


NSIL Signs MoU with Voyager Space to explore Opportunities in Space TechnologyVoyager Space, a global leader in space exploration, signed a Memorandum of Understanding (MoU) with NewSpace India Limited (NSIL), a Central Public Sector Enterprise (CPSE), under Department of Space (DOS) and the commercial arm of the Indian Space Research Organization (ISRO).

  • The MoU aims to foster collaboration in spacecraft launch and deployment opportunities on-board NSIL’s Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV).

Key Points:
Voyager Space and NSIL will engage in joint research and development efforts to explore the use of space qualified components from NSIL.

  • The collaboration extends beyond launch services and encompasses spacecraft manufacturing, deployment, operations, and other areas of mutual interest.
  • By leveraging NSIL’s expertise in space technology and Voyager Space’s domain knowledge, the partnership aims to drive innovation and advancement in the small satellite launch industry.
  • This is particularly significant as small satellite launches have been gaining prominence in recent years due to their cost-effectiveness and versatility.

Note: Voyager Space has already achieved success in flying customer satellites on two PSLV missions. The collaboration with NSIL further strengthens Voyager Space’s presence in the Indian space market and opens up new avenues for commercial space exploration in India and beyond.
About NewSpace India Limited (NSIL) – The commercial arm of ISRO:
Chairman & Managing Director(CMD) – Radhakrishnan Durairaj
Headquarters – Bengaluru, Karnataka
Established in – 2019


World Kiswahili Language Day 2023 – July 7 The United Nations Educational, Scientific and Cultural Organization (UNESCO)’s World Kiswahili Language Day is annually celebrated across the globe on 7th July to recognise the role of Kiswahili language as a language of unity.

  • The day highlights the role of Kiswahili in promoting cultural diversity, creating awareness and encouraging dialogue among civilizations.
  • 7th July  2023 marks the 2nd commemoration of the World Kiswahili Language Day.

The 2023 theme of World Kiswahili Language Day is “Unleashing Kiswahili’s potential in the digital era“, which highlights the important role played by Kiswahili in the digital landscape.
Background:
iIn November 2021, UNESCO in its 41st session of the General Conference adopted the resolution 41 C/61, proclaimed the 7th July of every year as the World Kiswahili Language Day.
ii. The first-ever World Kiswahili Language Day was observed on 7th July 2022.
About United Nations Educational, Scientific and Cultural Organization (UNESCO):
Founded in- 16 November 1945
Director-General- Ms Audrey Azoulay
Headquarters- Paris, France


Odisha CM Launches ‘Ama Pokhari’ to Rejuvenate Water BodiesOn 6th July 2023, Odisha Chief Minister(CM) Naveen Patnaik launched ‘Ama Pokhari’ scheme, which aims to rejuvenate 2,000 large water bodies in 115 urban local bodies at Lokseva Bhawan in Bhubaneswar, Odisha.

  • The ‘Ama Pokhari’ scheme is implemented at a cost of Rs 120 crore.
  • The renovation and maintenance of the water bodies will be done in collaboration with members of Mission Shakti Women Self Help Groups (WSHGs).

Note – During the event, Odisha CM felicitated Anand Malligavad, known as the ‘lake man’ of India.

Objectives of the Scheme:

  • Address water scarcity in a natural and sustainable manner.
  • Ensure the availability of clean water for communities.
  • The project developed for recreation of citizens helps in getting an aesthetic appeal and to improve the climate of the coastal and surrounding areas by strengthening the ecological fabric.

About Odisha:
Capital- Bhubaneswar
Governor – Prof. Ganeshi Lal
Folk dance- Bhaagha Naacha, Goti Pua, Ghumura, Chhau.
Wildlife sanctuary- Debrigarh Wildlife Sanctuary, Chilika Wildlife Sanctuary.


Gujarat signed six MoUs with private industries for mangrove plantation under MISHTI schemeOn 6th July 2023, The government of Gujarat signed an Memorandum of Understanding (MoU) with six industries for the mangrove plantation over 3000 hectares of land, under the MISHTI (Mangrove Initiative for Shoreline Habitats & Tangible Incomes) scheme.

  • The objective of these agreements were to increase the mangrove plantation cover along the coastline of Gujarat.
  • The 6 MoUs were signed with Digvijay Cement Limited, Nayara Energy Limited, RSPL Limited, Tata Chemicals Society for Rural Development, Cairn Oil and Gas (Vedanta Limited) and Reliance Industries Limited (RIL).

The MoU was signed during the event organised to launch the Hariyali Mahotsav, a drive to plant mangroves in Dwarka town of Devbhumi Dwarka district, Gujarat.
Key people:
The MoUs were signed in the presence of Bhupender Yadav, Union Minister for Environment, Forest & Climate Change, , Poonamben Madam, Member of Parliament(MP- Lok Sabha – Jamnagar and Dwarka), and Mulubhai Bera, Minister of Tourism, Cultural Activities & Forest and Environment, Government of Gujarat.
Details of MoUs:
The 6 companies have agreed to support mangrove plantation in cumulatively 3006 ha and pledged Rs 6 crore for the same.
Digvijay Cement has pledged to support mangrove plantation in 40 ha, Nayara in 250 ha, RSPL Limited in 100 ha, Tata Chemicals in 200 ha, Vedanta in 1000 ha and RIL in 1416 ha.
Details of the MoU between RIL & Gujarat: 
Under the MoU between RIL and Gujarat Government, mangrove forest in around 1416 hectares area of Marine National Park will be developed under the MISHTI Scheme.

  • The mangroves forest will be developed at a cost of Rs 510 lakh in the next 5 years.

Mangrove Coverage in Gujarat:
i.Mangrove cover in Gujarat is the second largest after West Bengal.
ii.Mangrove forests are found in the thirteen coastal districts of Gujarat, Kachchh and Jamnagar districts have the most mangrove coverage among others.
About MISHTI Scheme: 
i.MISHTI Scheme initiated with an aim of increasing the Mangroves covering approximately 540 Sq. Kms, spreading across 11 States and 2 Union Territories within 2027-2028.
ii.The Centre will fund 80% of the project, while state governments will cover the remaining 20%.
iii.The MISHTI initiative aims to share best practices in plantation techniques, conservation measures, management practises, and resource mobilisation through Public Private Partnership.
About Gujarat:
Chief Minister– Bhupendra Rajnikant Patel
Governor– Acharya Devvrat
Ramsar sites in Gujarat (Total 4 sites) – Khijadia Wildlife Sanctuary, Nalsarovar Bird Sanctuary, Thol Lake Wildlife Sanctuary, Wadhvana Wetland.

Current Affairs – 7 July 2023

Cabinet approves draft Digital Personal Data Protection (DPDP) Bill, 2022i.On July 5, 2023, the Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Digital Personal Data Protection (DPDP) Bill, 2022, that will be tabled in Parliament in the upcoming Monsoon session, starting from July 20 to August 11, 2023.
ii.The bill aims to provide consent-based data collection techniques.
iii.The Bill frames out the rights and duties of the citizen (Digital Nagrik) and the obligations to use collected data lawfully of the data fiduciary (entities that collect personal data).  It is based on the following six principles of the data economy.
iv.The Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011, established by the Central Government under the Information Technology (IT) Act 2000 regulates the usage of personal data. However, it has been recognized that this framework is insufficient to ensure adequate protection of personal data.
About Ministry of Electronics and Information Technology (MeitY):
Union Minister – Ashwini Vaishnaw (Rajya Sabha, Odisha)
Ministers of State (MoS) – Rajeev Chandrasekhar (Rajya Sabha, Karnataka)


MHA launched Scheme for Expansion and Modernization of Fire Services in the States with outlay of Rs 5000 croreMinistry of Home Affairs(MHA) launched a “Scheme for Expansion and Modernization of Fire Services in the States” as a part of the allocation of Preparedness and Capacity Building Funding Window under the National Disaster Response Fund (NDRF) to strengthen the fire services across the States of India.

  • The total outlay of the scheme is Rs 5000 crore and out of this, Rs. 500 crore is kept for to incentivize the States on the basis of their legal and infrastructure-based reforms.

About Ministry of Home Affairs(MHA):
Union Minister– Amit Shah(Constituency- Gandhi Nagar, Gujarat)
Ministers of State– Nityanand Rai; Nisith Pramanik; Ajay Kumar Mishra


DGCA signed MoU with EASA for Unmanned Aircraft Systems & Innovative Air MobilityThe Directorate General of Civil Aviation (DGCA), aviation regulator of India has signed a Memorandum of Understanding (MoU) with the European Union Aviation Safety Agency (EASA), aviation regulator of Europe, to enhance cooperation in the areas of Unmanned Aircraft Systems (UAS) and innovative air mobility.

  • The MoU focuses on cooperation in the areas of development of certification standards, environmental standards and related requirements for the certification and use of unmanned aircraft systems and innovative air mobility operations.
  • This encloses aspects such as licensing of personnel, training, air traffic management and infrastructure, including the establishment of standards and services for Unmanned Aircraft System Traffic Management (UTM).

Significance of the MoU:
iThe MoU emphasises the significance of regular information sharing between DGCA and EAS on the technological developments and research in this area.
ii. It also encourages both authorities to collaborate on respective strategies for outreach to relevant stakeholders.
iii. To promote knowledge exchange and capacity building, it will facilitate joint conferences, workshops, training programs by DGCA and EASA in this area.
iv. The signing of this MoU is expected to result in significant impact on the standards and accelerated growth of the Indian Unmanned Aviation Sector.
Letter of Intent:
The partnership between DGCA and EASA, initiated with the signing of letter of intent (LoI) by the DGCA on UAS and Innovative Air Mobility with the European Union Aviation Safety Agency (EASA) during the European Union (EU)-India Aviation Summit held in New Delhi, Delhi on 20th April 2023.
About European Union Aviation Safety Agency (EASA):
Established in- 2002
Executive Director- Patrick Ky
Chair of the Management Board- Piotr Samson
Headquarters- Cologne, Germany


Indian Navy Conducts 7th Japan-India Maritime Exercise 2023 Indian Navy (IN) along with Japan Maritime Self Defence Force (JMSDF)conducts the 7th edition of the bilateral Japan-India Maritime Exercise 2023 (JIMEX 23) in Visakhapatnam, Andhra Pradesh  from July 5 to 10, 2023. This edition marks the 11th anniversary of JIMEX, since its inception in 2012.

  • JIMEX 23 provides an opportunity for the two navies to learn from each other’s best practices and facilitate operational interactions to foster mutual cooperation and reaffirm their shared commitment towards maritime security in the region.
  • The exercise is a part of the growing maritime cooperation between India and Japan, which is aimed at promoting peace and stability in the Indo-Pacific region.

About Japan-India Maritime Exercise 2023 (JIMEX 23) :
The JIMEX 23  spans  six days and consists of two phases.
iHarbour Phase: The initial phase, known as the Harbour Phase, will take place in Visakhapatnam. During this phase, participants will engage in professional discussions, sporting events, and social interactions.
ii. Sea phase: This phase will be conducted on the open sea, enabling the two navies to collaborate and refine their warfighting capabilities. Through intricate multi-discipline operations in the surface, sub-surface, and air domains to enhance their interoperability.
Participants:
Indian Navy (IN): The exercise saw the  participation  of  Indian Naval Ship (INS) Delhi, India’s inaugural indigenously constructed guided missile destroyer, as well as INS Kamorta, a homegrown Anti-Submarine Warfare Corvette. Additionally, fleet tanker INS Shakti, a submarine, maritime patrol aircraft P8I and Dornier, ship-borne helicopters, and fighter aircraft were also a  part of the exercise.
Japan Maritime Self Defence Force (JMSDF): JMSDF will be represented by the guided missile destroyer JS Samidare and its integral helicopters.


SALVEX: 7th Edition of IN-USN Salvage and EOD Exercise held in KeralaThe 7th edition of Indian Navy (IN) – the United States of America (USA) Navy (USNSalvage and the Explosive Ordnance Disposal (EOD) exercise, SALVEX was conducted from June 26 to July 6 2023 in Kochi, Kerala to strengthen US and Indian divers’ capability in diving and salvage techniques.

  • The first-ever IN- USN SALVEX was conducted in 2005 and the SALVEX series of exercises have been conducted annually thereafter, alternately in Indian and US Pacific locations.

Participants:
The exercise witnessed participation from both navies which included the vessels/Ships: Indian Naval Ship (INS) Nireekshak and US Naval Ship (USNS) Salvor, as well as Specialist Diving and EOD teams.
SALVEX Exercise:
iThe Diving teams of both the countries shared maritime rescue experiences on Maritime Salvage and trained together in various facets of EOD Operations on land as well at sea over the course of 10 days.
ii. SALVEX also saw conduct of joint training exercises towards enhancing interoperability, cohesiveness and gaining from best practices mutually in Maritime Salvage and EOD operations.
iii. The constructive engagements on operational terms have improved the skill-sets of the diving teams in a number of different disciplines such as mine detection and neutralisation, wreck location and salvage.


RBI cancels licenses of Malkapur Urban Co-operative Bank Ltd & Shushruti Souharda Sahakara Bank NiyamitaOn July 5, 2023, the Reserve Bank of India (RBI) has cancelled the banking licenses of two co-operative banks viz. Malkapur Urban Co-operative Bank Ltd, Buldhana in Maharashtra, and Shushruti Souharda Sahakara Bank Niyamita, Bengaluru in Karnataka.

  • In this regard, these two co-operative banks ceased to carry on banking business as defined in Section 5(b) read with Section 56 of the Banking Regulation (BR) Act, 1949 w.e.f. July 5, 2023.

However, on liquidation, every depositor is entitled to receive deposit insurance claim amount of his/her deposits up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC), subject to the provisions of DICGC Act, 1961.
Reasons behind cancellation of licenses of both banks:
i.The banks do not have adequate capital and earning prospects which means they do not comply with the provisions of Section 11(1) and Section 22 (3) (d) read with Section 56 of the BR Act, 1949.
ii.They have failed to comply with the requirements of Sections 22(3) (a), 22 (3) (b), 22(3)(c), 22(3) (d) and 22(3)(e) read with Section 56 of the BR Act, 1949.
iii.The continuance of the banks are prejudicial to the interests of its depositors as they are unable to pay its present depositors in full.
About Reserve Bank of India (RBI):
Governor – Shaktikanta Das
Deputy Governors – Swaminathan Janakiraman, Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra


Flipkart with Axis Bank Launches Personal Loans to Attract New CustomersIn collaboration with Axis Bank, Flipkart, the leading e-commerce company in India, has introduced a personal loan service accessible through Flipkart’s app. This loan facility allows individuals to obtain up to Rs 5 lakh, with a remarkable approval time of just 30 seconds and eliminates the need for document submission.

  • By offering personal loans, Flipkart is hoping to attract new customers who may be unable to afford large purchases outright.
  • Expanding on the financing options available to customers alleviates the immediate burden of large purchases, encouraging higher transaction volumes and fostering customer loyalty & trust

Other services :
i. In addition to personal loans, Flipkart also offers a “buy now, pay later” option, EMI payments, and a co-branded credit card.

  • This move gives Flipkart a competitive advantage in the long run, as more and more Indians turn to online shopping and financial services.

About Axis Bank: 
Managing Director (MD) & Chief executive Officer (CEO) – Amitabh Chaudhry
Headquarters – Mumbai, Maharashtra
Established in  1993 (begun operations in 1994)
Tagline – Badhti ka Naam Zindagi
About Flipkart:
Chief executive Officer (CEO) – Kalyan Krishnamurthy
Headquarters –  Bengaluru, Karnataka
Established in – 2007


UNCTAD’s World Investment Report 2023: India and ASEAN top recipients of FDIAccording to the United Nations Conference on Trade and Development (UNCTAD)’s “World Investment Report 2023(WIR 2023): Investing in Sustainable Energy for All”, Foreign Direct Investment(FDI) in Asia’s developing countries remained unchanged at USD 662 billion and India and Association of Southeast Asian Nations (ASEAN) were the top recipients of , with an increase of 10% and 5% respectively.Asia accounted for more than 50% of the global FDI.

  • The FDI increase in developing countries was unevenly shared and much of the growth was concentrated in a few large emerging economies.

About  United Nations Conference on Trade and Development (UNCTAD):
UNCTAD is an intergovernmental organization which promotes the interests of developing countries in world trade.
Secretary-General– Rebeca Grynspan
Headquarters– Geneva, Switzerland


AIFF Awards 2022-23: Lallianzuala Chhangte, Manisha Kalyan named Footballers of the YearOn 4th July 2023, the All India Football Federation (AIFF) announced the winners of AIFF annual awards for the season 2022-23.
Lallianzuala Chhangte, an Indian Men’s Football Player from Mizoram, was named the AIFF Men’s Footballer of the year 2022-2023 for the first time and Manisha Kalyan, Indian Women’s Football Player from Punjab, was named AIFF Women’s Footballer of the Year 2022-23 for the 2nd time. Previously, Manisha Kalyan won the award for the 2021-22 season.
Lallianzuala Chhangte became the second player from Mizoram, after Jeje Lalpekhlua (2016), to win the AIFF Men’s Player of the Year award.
Note:
Lallianzuala Chhangte beat national team mates Nandhakumar Sekar and Naorem Mahesh Singh (of East Bengal) to win the award.
Manisha Kalyan beat Dalima Chhibber and Ngangbam Sweety Devi in the Apollon Ladies Football Club, Cyprus held in 2022 to win the award.
About Lallianzuala Chhangte:
iLallianzualaChhangte (26 years old) plays for the Indian National football team as winger and represents Mumbai City Football Club(FC) in the  Indian Super League (ISL).
ii. During the international season 2022-2023, he represented India in 12 matches and scored 2 goals and provided assists for 1.
iii. He was a part of the Indian team that won the South Asian Football Federation (SAFF) Championship 2023 held at Sree Kanteerava Stadium in Bangalore, Karnataka.
iv. He scored 18 goals and provided 9 assists in a total of 32 matches across all competitions in the last season. This included 16 goal contributions (10 goals, six assists) in the Mumbai city FC’s ISL.
Note: He scored two goals and provided an assist in the Hero International Cup 2023, and was awarded with the Man of the Match in the final against Lebanon.
i. Previously, he has also won the Footballer Players Association of India (FPAI) Player of the award for 2022-23 season.
About Manisha Kalyan:
iShe plays as a Forward for Apollon, a first division football club in Cyprus and the India women’s national team.
ii. She became the first ever Indian to play in the Union of European Football Associations (UEFA) Women’s Champions League 2022.
iii. In her 17 league appearances for Cypriot First Division club Apollon, she scored 6 goals aided the team to win the Cypriot First Division title along with the Cypriot Women’s Cup title.
ivManisha Kalyan became the third Indian female footballer to win the individual award.
Winners of AIFF Awards 2022-2023:


MoHFW won Kreta Vikreta Gaurav Samman Samaroh 2023 award
On 26th June 2023, the Department of Health and Family Welfare under the Ministry of Health and Family Welfare (MoHFW) received the winner of Kreta Vikreta Gaurav Samman Samaroh2023 in Highest Single-Bid Procurements in the 2022-23 fiscal category.

  • The event was organised by Government e-Marketplace (GeM) under the Ministry of Commerce and Industry at Vanijya Bhawan New Delhi, Delhi.
  • Rajiv Wadhawan, Advisor, Department of Health and Family Welfare, MoHFW received the award from Piyush Goyal, Minister of Textiles, Commerce and Industry.
  • MoHFW has taken the lead in achieving the Government of India’s (GOI) Make in India and obtaining through the GeM.

Note: These awards aim to celebrate those who share the vision of a transparent, inclusive and efficient public procurement landscape in India. 


Ariane-5 rocket launched 2 satellites successfully on its final and 117th missionOn 5th July 2023, the 117th and final launch of Ariane 5, a 53 metre tall, three-stage launcher was successfully blasted off from Europe’s Spaceport in Kourou, French Guiana toward geostationary orbit to deliver two military communications satellites namely Syracuse 4B for the France and the Heinrich Hertz (H2Sat) for the German Governments.

  • Ariane 5, a European heavy-lift space launch vehicle first launched in 1996 has 27 years of experience with this final launch mission.
  • Of Ariane 5’s 117 missions and 239 payloads delivered to orbit, the launch vehicle has performed at a 96% success rate.

Note: Ariane 5, failed to reach orbit on its first launch, initiating an auto-destruct abort after 40 seconds.
Heinrich-Hertz Satellite:
Heinrich-Hertz is an experimental communications satellite that will test new hardware and serve as a test platform for university and public sector scientific and technical experiments.
Key Points:
iThe HM7B, a European cryogenic rocket engine which currently powers the upper stage first flew in Ariane 1 also joined the recent Ariane 5 launch, and both are in its final space venture.
ii. This upper stage is an icon to Ariane launches as it helped power 228 missions in the past without fail.
iii. Ariane 5 took part in several launch milestones including the James Webb Telescope in 2021, in partnership with National Aeronautics and Space Administration (NASA) and the Canadian Space Agency, as well as Europe’s comet-chasing Rosetta mission, which deployed a landing probe in 2014.


FIH Pro League 2022-23: Netherlands won the title for 2nd timeOn 4th July 2023, The Netherlands men’s hockey team won the 4th edition Fédération Internationale de Hockey(FIH) Hockey Pro League 2022-23 by defeating  Belgium in the finals,held in Antwerp, Belgium.

  • This also marks the second consecutive title won for the Netherlands Men’s hockey team in FIH Pro League, previously they won the title in the 2021-2022 season.
  • The 2022-23 FIH Hockey Pro League started on 28th October 2023 and ended on 4th July 2023.

Indian hockey team at FIH Pro League:
i.The Indian men’s hockey team finished fourth position in the FIH Pro League 2022-23 with 30 points from 16 matches.
ii.India’s Harmanpreet Singh was the top Goal Scorer (18 Goals) in FIH Pro League 2022-23.
iii.The Indian hockey team (51 Goals) is also the top Goal scoring team in FIH Pro League 2022-23.
Women’s FIH Pro League 2022-2023:
i.On 27th June 2023, Netherlands Women’s Hockey team clinched the FIH Pro League 2022-23 title by defeating New Zealand in Wagener Hockey Stadium, Amstelveen, The Netherlands.


Bangladesh Cricketer Tamim Iqbal retires from International Cricket
On 6th July 2023, Bangladesh One Day International (ODI) Captain Tamim Iqbal (aged 34) announced his retirement from international cricket after 16 years of his journey in cricket.His last game was on 5th July 2023, against Afghanistan in Chattogram, Bangladesh.

  • Tamim Iqbal is the third-highest run-scorer as of July 2023, after only Virat Kohli and Rohit Sharma, with 8,313 runs in 241 games, including 14 hundreds.
  • He is the highest ODI run scorer for Bangladesh (8313 runs) and scored 14 centuries which is highest among Bangladesh players.
  • He made his international debut in a 2007 ODI against Zimbabwe in Harare, Zimbabwe.

World Zoonoses Day 2023 – July 6       World Zoonoses Day is annually observed across the globe on 6th July to raise awareness about Zoonosis or zoonotic disease, an infectious disease that can spread between species, from animals to humans or vice versa.

  • The day commemorates the anniversary of the day that Louis Pasteur, a French biologist, successfully administered the first vaccine against rabies, a zoonotic disease on 6th July 1885.

About World Health Organization (WHO):
Founded in- 1948
Director-General- Dr Tedros Adhanom Ghebreyesus
Headquarters- Geneva, Switzerland


Odisha Government launches Mo Jungle Jami Yojana for forest DwellersThe Odisha Government launches ‘Mo Jungle Jami Yojana’ (My Forestland Scheme) with the aim to recognise all rights under the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights Act)(FRA), 2006 in the next two years.
Key Points:
i.Under Mo Jungle Jami Yojana scheme, Forest Rights Cells will be constituted at the tehsil and district level for the implementation of FRA, 2006.
ii. Mo Jungle Jami Yojana Scheme benefits all eligible tribal peoples, primarily single women and Particularly Vulnerable Tribal Groups (PVTGs) get land titles and record corrections are made for 100% title holders.
FRA Act 2006:
The Forest Rights Act (FRA) of 2006 recognises the rights of forest living tribal communities and other traditional forest dwellers to forest resources on which these communities depend for a range of requirements such as livelihood, habitation, and other socio-cultural needs.
Rights of tribal people as per FRA:
Odisha is one of the leading States in implementation of FRA with distribution of 4.56 lakhs of individual forest right (IFR) titles in the country as of July 2023.

  • The Individual forest right (IFR) titles are given to the tribal individual for the land they have been cultivating for generations.
  • Community Forest Rights (CFR) allows tribal communities to use and manage forest resources to achieve the objectives of conservation and regeneration.

Odisha’s Tribe profile:
i.Odisha is ranked third in terms of tribal population(9,590,756) as per the 2011 census. Odisha houses around 62 types of tribes including 13 PVTGs.
ii.Tribal population of Odisha consititutes about 22.85% of its total population, residing in 53,845 villages of which 32,562 villages are FRA potential villages.

  • Odisha’s estimated potential forest area over which forest rights can be recognised is 35,739 square kilometres.

About Odisha:
Chief Minister- Naveen Patnaik
Governor – Ganeshi Lal
wildlife sanctuaries – Debrigarh Wildlife Sanctuary, Hadagarh Wildlife Sanctuary, Sunabeda Wildlife Sanctuary


J&K launched India’s first Tele-MANAS chatbot for people in mental distress
On 5th July 2023, Manoj Sinha, Lieutenant Governor of Jammu and Kashmir (J&K) launched India’s first Tele Mental Health Assistance and Networking Across States (MANAS) chatbot in the Union Territory (UT) to enhance mental health support for distressed people by initiating an instant conversation with those who are in need.

  • The 2-tier system comprises State Tele-MANAS cells, which includes trained counsellors and mental health specialists in Tier 1 and specialists at District Mental Health Programme (DMHP)/Medical College resources for physical consultation and/or eSanjeevani for audio visual consultation in Tier 2.
  • J&K Lieutenant Governor Manoj Sinha, who inaugurated the ‘J&K Health Conclave’ on Mental Health and Non-Communicable Diseases at Srinagar,J&K.
  • The initiative will ensure round the clock services of health counsellors, clinical psychologists and consultants.

TN Police launched “Pengal Pathukaaptu Thittam” for Women Traveling Alone at Night
Tamil Nadu (TN) Police launched a new scheme “Pengal Pathukaaptu Thittam” (Women safety scheme) to ensure the safety of the women travelling alone at night (between 10 pm and 7 am).

  • Under this scheme, the women travelling alone can avail of free drop facility in a patrol vehicle in case they feel unsafe.
  • The women can use the helpline 1091, 112, 044-23452365 and 044-28447701 to avail the police patrol vehicle.
  • The scheme will be in operation on all day of the week.

Current Affairs Daily Digest – 6 July 2023

Startup20 Shikhar Summit held in Gurugram; India passes torch to Brazil i.The two-day Startup20 Shikhar Summit held from July 3-4, 2023, in Gurugram, Haryana which was organized by the Startup20 Engagement Group under the India G20 (Group of Twenty) Presidency.
ii.During the closing ceremony the Startup20 India Chair and Mission Director Atal Innovation Mission (AIM), Dr. Chintan Vaishnav officially handed over the torch to Brazil as it has G20 presidency for 2024.
iii.The summit served as a platform for fostering innovations, collaborations, knowledge sharing, and strategic alliances within the global startup ecosystem.
iv.The name “Shikhar,” which means “mountain peak” in Sanskrit, symbolizes the pinnacle of achievements in shaping the future of the global startup ecosystem.
About Startup20:
Startup20 is the first of its kind official engagement group initiated under the Indian presidency of the G20 2023.
Startup20 India Chair– Dr. Chintan Vaishnav
Headquarter– Ahmedabad, Gujarat


Japan to Export to India Stealthy UNICORN NORA-50 Integration MastIndia and Japan have recently solidified their strategic partnership with a Memorandum of Cooperation (MoC) for the development of the Integrated Mast United Combined Radio Antenna (NORA-50).The MoC brings strategic partnership between two countries in the field of defence Technology.

  • This unique horn-shaped structure consolidates multiple antennas for tactical data link, TACAN (Tactical Air Navigation), and communications, aiming to reduce radar cross-section (RCS) and enhance operational capabilities.
  • TACAN is a vital navigation tool in military aviation by providing accurate aircraft placement, particularly in difficult operational settings, and contributing to the overall safety and effectiveness of military missions. The aim of the project is to improve military systems’ navigational skills by incorporating TACAN capabilities into the NORA-50.

Key Highlight:
i.The NORA-50’s development is crucial in modern warfare as it decreases RCS, enhancing stealth and mission success rates. Integrating multiple antennas streamlines installation, reduces system weight, and optimises space utilisation on military platforms for efficient communication and minimal interference.

  • The collaboration recognizes the significance of advanced communication and data link systems in modern warfare, enhancing situational awareness and quick decision-making.

ii. The project includes joint research, development, and technology transfer, benefiting both nations.
iii. Beyond technological advancements, this partnership strengthens diplomatic and strategic ties. The NORA-50’s development holds far-reaching implications for their defence forces, becoming a critical component of advanced military platforms with enhanced communication, navigation, and stealth capabilities.
iii.The collaboration underscores their commitment to advancing defence capabilities through joint research, development, and innovation.
iv. By combining expertise, they aim to develop cutting-edge technologies addressing defence challenges and promoting regional stability.


DoT conducts 5G & Beyond Hackathon 2023 to showcase 5G products & Solutions
The Department of Telecommunications (DoT) under the Ministry of Communication, conducts ‘5G & Beyond Hackathon 2023‘, aimed at shortlisting India-focused cutting-edge ideas that can be converted into workable 5G and beyond products and solutions.The participants include individuals, students, startups, and academic institutions send their proposals from June 28, 2023.
i.The top 100 startups will be honored with a prize of 100 lakh (One crore) for their outstanding contributions to the development of 5G products and solutions During the upcoming India Mobile Congress (IMC) 2023 in October 2023, held in New Delhi, Delhi.
ii.The winners will get the support from government, industry, academia, telecommunication industries and original equipment manufacturers to develop their models into products.
iii.The contestants can develop 5G and beyond solutions from across multiple categories including healthcare, education and governance, AgriTech and livestock, environment, public safety and disaster management enterprise, smart cities and infrastructure, cyber security, banking, finance and insurance, logistics and transportation, multimedia and broadcast satellite, among others.


B.Neeraja Prabhakar Appointed Chairperson of Research Advisory Committee of ICAR
B.Neeraja Prabhakar,Vice-Chancellor of the Sri Konda Laxman Telangana State Horticultural University appointed as the chairperson of the Research Advisory Committee (RAC) of Indian Council of Agricultural Research (ICAR)-Indian Institute of Oil Palm Research (IIOPR) at Pedavegi in Andhra Pradesh.

  • She assumed office on June 13, 2023 and will head a 10-member committee for a period of three years.
  • The ICAR-IIOPR is the country’s only top institute undertaking oil palm research and creating oil palm technology that may be used in all oil palm-growing states.
  • She is also a member of the Telangana Oil Palm Advisory Committee, which advises the state government on the expansion of oil palm production, challenges associated with oil palm farming, and issues confronting the oil palm processing Industry.

FAO, UNEP, WHO & WOAH launched One Health Priority Research Agenda for AMROn 28th June 2023, Food and Agriculture Organization of the United Nations (FAO), United Nations Environment Programme (UNEP), the World Health Organization (WHO) and the World Organisation for Animal Health (WOAH) , “the Quadripartite organisations”, launched “A One Health Priority Research Agenda for Antimicrobial Resistance (AMR)” through a webinar. The Research agenda aims to promote increased research and investment in AMR.
One Health Priority Research Agenda on AMR: 
i.The agenda defines ‘One Health’ as an integrated, unifying approach that aims to sustainably balance and optimise the health of people, animals and ecosystems.
ii.It aims to guide a variety of stakeholders in generating new evidence to address antimicrobial resistance, with a focus on low- and middle-income countries.
iii.The concept acknowledges the health of humans, domestic and wild animals, plants, and the larger environment, including ecosystems, are inextricably linked and interdependent.
5 Key Pillars: 
The global experts have identified five key pillars as well as three cross-cutting themes, namely gender, vulnerable populations, and sustainability using a mixed Method approach.
The 5 key pillars are,
i.Transmission: This pillar focuses on the environment, plant, animal, and human sectors where AMR transmission, circulation and spread occur.
ii.Integrated surveillance: This pillar aims to identify cross-cutting priority research questions in order to improve common technical understanding and information exchange among One Health stakeholders.
iii.Interventions: This pillar focuses on programmes, practises, tools, and activities aimed at preventing, containing, or reducing the incidence, prevalence, and spread of AMR.
iv.Behavioural insights and change:It focuses on research addressing human behaviour that affects AMR, including ways to combat it.
v.Economics and policy: This pillar addressed investment and action in AMR prevention and control.
Additional info: 
On June 22, 2023 WHO launched a global research agenda for AMR in human health which prioritises 40 research topics for and guide stakeholders to generate evidence to address antimicrobial resistance and to collaborate across sectors by 2030 on low- and middle-income countries(LMICs).
About United Nation’s:
Secretary-General- António Guterres
Headquarters- New York, United States of America(USA)
Established- 1945


Bank of India, 1st Bank, to roll out Mahila Samman Savings Certificate Scheme On July 4, 2023, the Bank of India (BoI) became the first bank to officially roll out Mahila Samman Savings Certificate (MSSC), 2023, and operationalizing this scheme at all its branches. The roll-out ceremony was inaugurated by the Managing Director (MD) & Chief Executive Officer (CEO) Rajneesh Karnatak through a Video Conference (VC).

  • This means, BoI is authorized to open accounts under MSSC. So far, only post offices were authorized to open accounts under MSSC.

Note: On June 27, 2023, the Department of Economic Affairs (DEA), Ministry of Finance, permitted all Public Sector Banks (PSBs) and eligible Private Sector Banks to implement and operationalize the MSSC, 2023.
About Mahila Samman Savings Scheme (MSSC):
Announced by the Union Minister Nirmala Sitharaman, Ministry of Finance, during the Budget speech FY 2023-2024, it commemorates the Azadi ka Amrit Mahotsav. MSSC is aimed at empowering girls and women through financial savings. It is a one-time small saving scheme backed by the Central Government which is available for two years, from April 2023-March 2025.
Eligibility and Account Opening:
i.Individual girls or women can open an account, or a guardian can open on behalf of a minor girl.
ii.Minimum investment of Rs 1000 and multiples of Rs 100, up to a maximum limit of Rs 200,000.
iii.Multiple accounts allowed with a three-month gap, subject to the overall investment cap.
Interest Rate and Taxation:
i.The Deposit under the scheme is eligible for 7.5%  interest per annum which will be compounded quarterly and credited in account and paid at the time of closure of account.
ii.All earnings under the MSSC are taxable as per existing income tax provisions. But TDS (Tax Deducted at Source) will not be deducted under the scheme.
Account Duration and Closure:
i.Account matures after two years from the date of opening.
ii.MSSC can be closed after 6 months of opening the account without giving any reason. In such a case, an interest of 5.5% will be given i.e. 2% penalty after six months.
iii.Premature closure allowed in case of account holder’s death or extreme compassionate grounds.
Partial Withdrawals:
i.Account holders can make partial withdrawals up to 40% of the eligible balance.
ii.Partial withdrawals allowed after one year from the date of opening the account.


India May 2023 services exports rise 7.7% to USD 27.06 billion: RBI
According to the Reserve Bank of India (RBI) provisional data on July 4, 2023, India’s services exports in May 2023 increased by 7.7% compared to May 2022, reaching USD ($)27.06 billion while imports rose 2% to USD 15.5 billion.

  • The government’s initial estimates, released in mid-June, had indicated that services exports amounted to USD 25.3 billion, with services imports at USD13.53 billion.
  • It’s important to note that the RBI’s figures are provisional and subject to further updates which are published quarterly as part of India’s overall balance-of-payments data.

Airtel Payments Bank, Park+ team up to enable FASTag-based parking solution at Varanasi airport
On July 4, 2023, the Airtel Payments Bank has collaborated with Park+ to enable FASTag-based smart parking at the Lal Bahadur Shastri Airport, Varanasi in Uttar Prades.

  • This smart parking solution allows automatic cashless payments at airport parking.
  • The parking fee payment is deducted through the FASTag associated with the vehicle, which reduced the time required to make the payment.
  • Amit Lakhotia is the Founder and CEO of Park+.

Education financing startup Propelld gets NBFC licence from RBI
Education financing startup, Propelld has procured a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI) to disburse loans worth Rs 2000 Cr by Financial Year(FY)24 and to bolster its direct lending proposition.

  • Previously, Propelld provided lending solutions by partnering with NBFCs but now the new license will help the company to lend directly along with functioning as a loan service provider (LSP).

With the NBFC Licence, Propelld will provide tailored loan products, flexible repayment options and competitive interest rates to its customers, particularly in tier two and tier three cities.


GAIL accredited with Authorised Economic Operator (AEO) T3 Status
On 23rd June 2023, Gas Authority of India (GAIL) limited, a Maharatna – central public sector undertaking (CPSU) accredited with Authorised Economic Operator (AEO) T3 Status which is a highest level of facilitation for Importers & Exporters by Central Board of Indirect Taxes and Customs, Ministry of Finance.

  • AEO is a programme run by the World Customs Organisation (WCO)SAFE Framework (2005) of Standards to secure and facilitate global trade, it aims to improve international supply chain security, facilitate the flow of genuine goods, and increase the ease of doing business in India.

Benefits of AEO Certification:
i.In 2016 the ACP (Accredited Client Programme) and AEO (Authorized Economic Operator) merged into a combined three-tier AEO programme which awards certificates to importers and exporters based on three levels of accreditation, namely AEO T1, AEO T2, and AEO T3, with AEO T3 being the highest degree of accreditation and providing the most benefits.

  • The AEO Programme was introduced as a pilot project in 2011.

ii.The holder of an AEO-T3 certificate would be granted greater ease of import and export of their consignments, more than AEO T1 and AEO T2 holders.
iii.AEO-T3 certificate holders will have the facility that their containers will not be selected for scanning at the ports and borders, except on the basis of specific intelligence.
iv.AEO-T3 certificate holders are not required to provide a bank guarantee. However, it should be noted that if the competent body has ordered the provisional release of seized goods, the option of no bank guarantee will not be available.
About World Customs Organisation (WCO):
The World Customs Organisation (WCO), formerly known as the Customs Co-operation Council (CCC), is an autonomous intergovernmental organisation whose aim is to improve the effectiveness and efficiency of Customs administrations.
Secretary General –Kunio Mikuriya
Member countries – 185
Headquarters – Brussels,Belgium.
Established – 1952


NATO extended the tenure of Jens Stoltenberg as Secretary General of NATO up to October 2024On 4th July 2023, the 31 members of the North Atlantic Treaty Organization (NATO), an intergovernmental military alliance decided to extend the tenure of Jens Stoltenberg, Secretary General of NATO for another year until 1st October 2024. Jens Stoltenberg’s term was supposed to end in September 2023.

  • Jens Stoltenberg, a former Prime Minister of Norway (from 2000 to 2001; 2005-2013) became NATO Secretary General in 2014. His term has already been extended 3 times.
  • This is the fourth time he got his term extended by NATO.
  • The decision about his extension will be endorsed by NATO Heads of State and Government at the Vilnius Summit which is scheduled to be held in on 11-12 July 2023 in Vilnius, Lithuania.

About Jens Stoltenberg:
iJens Stoltenberg was born on 16 March 1959, in Oslo, Norway.
ii. From 2002 to 2014, he was the Leader of the Norwegian Labour Party (Det Norske Arbeiderparti; DNA), a social-democratic political party in Norway
iii. Prior to his career in NATO, he was the United Nation’s (UN) Special Envoy on Climate Change from 2013 to 2014.
iv. He also chaired UN High-level Panels on climate financing and the coherence between development, humanitarian assistance and environmental policies.
Awards:
iOn 23rd January 2023, Jens Stoltenberg received an Honorary Award of the Verkhovna Rada, the unicameral Parliament of Ukraine.
ii. On 9th January 2023, Jens Stoltenberg was awarded the Sønsteby prize for his brave defending of fundamental democratic values in Norway.
Books:
Some of his notable work includes Min historie (My story) (2016), The Ice is Melting: Ethics in the Arctic (Foreword) (2015), Samtaler (2009).
About North Atlantic Treaty Organization (NATO):
Formed in- 1949
Secretary General- Jens Stoltenberg
Headquarters- Brussels, Belgium
Member States- 31 (At present)


BCCI Appointed Former Indian Cricketer Ajit Agarkar as Chairman of Senior Men’s Selection Committee

On 4th July 2023, Ajit Agarkar, the former Indian Cricketer, has been appointed as the Board of Control for Cricket in India (BCCI) new chairman of Senior Men’s Selection Committee by succeeding previous chairman Chetan Sharma.

  • The Cricket Advisory Committee (CAC), consisting of Sulakshana Naik, Ashok Malhotra, and Jatin Paranjape unanimously made the decision based on seniority (total number of Test matches played).

The Senior Men’s Selection Committee chaired by Ajit Agarkar consists of Shiv Sundar Das, Subroto Banerjee, Salil Ankola, and Sridharan Sharath.
About Ajit Agarkar:
i.Agarkar from Mumbai, Maharastra, has played 26 Tests, 191 One Day Internationals (ODIs), and four Twenty20 International (T20I) for India and has also taken part in 110 first-class, 270 List A, and 62 T20 matches for Mumbai.
ii.He still holds the record for the fastest half-century by an Indian batter in ODI, achieved with a 21-ball fifty against Zimbabwe in 2000. He also held the record for being the fastest to reach 50 ODI wickets for nearly a decade, accomplishing the milestone in just 23 matches.
iii.He is a part of India’s victorious squad in the inaugural T20 World Cup held in South Africa in 2007.
iv.In the Indian Premier League (IPL), Agarkar played for Delhi Daredevils (now Delhi Capitals) and the Kolkata Knight Riders (KKR).
v.He has served as the Chief Selector for the senior Mumbai Team and coached the Delhi Capitals.


IDFC Ltd to merge with IDFC First Bank in a share exchange ratio of 155:100  On 3rd July 2023, the board of directors of IDFC First Bank Limited approved the scheme of amalgamation of IDFC Limited with IDFC First bank and the share exchange ratio is fixed at 155:100.

  • IDFC First Bank has proposed to complete the merger by the end of 2023.

The scheme is subjected to receipt of requisite approvals from e Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), the Competition Commission of India (CCI), the National Company Law Tribunal(NCLT), BSE Limited (formerly Bombay Stock Exchange) and the National Stock Exchange of India Limited (NSE India) and other statutory and regulatory authorities and shareholders.
About the Scheme of Amalgamation:
i.Following the merger, shareholders of IDFC Ltd will get 155 shares of IDFC First Bank for every 100 shares held in the former

  • The Share Exchange Ratio for the proposed merger shall be 155 equity shares of face value of Rs 10 each fully paid-up of IDFC FIRST Bank for every 100 equity shares of face value of Rs 10 each fully paid-up of IDFC Limited.

ii. With this merger, the IDFC Limited’s shareholders will become the direct shareholders of IDFC First Bank.
Note: This will be the second major merger deal in the financial sector in 2023 after HDFC Bank merged with Housing Development Finance Corporation (HDFC).
2 Step Process:
i.The IDFC group rejig scheme is a two-step process.

  • First, IDFC Financial Holding Company Limited (HFCL) will be amalgamated with IDFC Limited.
  • Second, the IDFC Limited will amalgamate with IDFC First Bank.

ii. The reduction of the securities premium account of IDFC First Bank is a part of the scheme.
iii. The companies have successfully completed all the stages of corporate simplifications, as stated in an exchange filing, the next phase involves amalgamation with IDFC First Bank Limited.
Outcomes of the merger:
iThe merger will lead to simplification of the corporate structure of IDFC FHCL, IDFC Ltd, and IDFC First Bank by consolidating them into a single entity and will help streamline the regulatory compliances of the previous entities.
ii. This will also support the creation of an institution with diversified public and institutional shareholders with no promoter holding.
iii. As a result of the proposed merger, the standalone book value per share of the IDFC First bank would increase by 4.9% as calculated on audited financials as of March 31, 2023.
Additional Info:
As per RBI’s licensing rules on February 22, 2013, IDFC as a promoter was required to hold a minimum of 40% equity in the bank for 5 years till September 30, 2020. Since then, IDFC got approval from RBI to merge IDFC and its holding company (IDFC HFCL) with the bank.


CCI approves acquisition of Marnix Lux by Concentrix Corporation
On 4th July 2023, the Competition Commission of India (CCI) approved the indirect acquisition of Marnix Lux SA (Marnix Lux) by Concentrix Corporation, and acquisition of approximately 22% shareholding in combined company by the shareholders of Marnix Lux.
i.The acquirer Concentrix Corporation is a United States of America(USA) based publicly listed company, engaged in providing customer experience services, a segment of Information Technology and Information Technology enabled services.
ii.The target company Marnix Lux is the parent company of Webhelp, which is active in the provision of business process outsourcing services and specialised services.


Elena Introduces India’s First NavIC – Based PNT DeviceElena Geo Systems,a Space Technology Company and Optimus Logics, two companies based in Bengaluru in Karnataka, have successfully developed handheld devices called PNT (Positioning, Navigation, and Timing) that are driven by satellite communications. This project was funded by the Department of Telecommunications under the Digital Communication Innovation Square (DCIS) scheme.
Key highlights:
i.The 1st lot of PNT devices will be manufactured by Elena Geo Systems.
ii.The PNT device consists of a 5G mobile phone and NavIC chip along with its adapter and receiver to be able to communicate with NavIC satellite.

  • Elena’s NavIC chip enables “very accurate” positioning, navigation and timing applications and could potentially replace the widely-used American Global Positioning System (GPS).
  • The Elena’s PNT handheld device provides accurate location and navigation coordinates in high altitudes where neither Google Map nor Global Positioning System (GPS) functions and could replace the American GPS.
  • Optimus Logics manufactures the 5G mobile phone under the brand name ‘Rhino’, which was launched by Prime Minister Narendra Modi on August 15, 2022.

iii.These devices will be useful during during disaster management, railway track surveillance and high altitude emergency situations.
iv.The need to manufacture the PNT device came in September 2019 from the Ministry of Defence to develop an indigenous product for the Indian armed forces.
v.The device gives an accurate location in forests, remote areas, deep into desert, tracking canals where there are no mobile towers.


India Launches First 100% DME-Fueled Tractor for Sustainable On and Off-Road Usage
Researchers at IIT Kanpur have developed the India’s first tractor/vehicle that operates solely on 100% Dimethyl Ether (DME), an indigenous and renewable fuel. This breakthrough positions DME as a viable alternative fuel and engine technology for conventional diesel engines used in agriculture and transportation sectors.
i.The research was supported by the Science and Engineering Research Board (SERB) and was aligned with NITI Aayog’s ‘Methanol Economy’ program.
ii.This groundbreaking development by IIT Kanpur sets a new benchmark in the field of sustainable transportation, opening doors to a promising future where renewable fuels drive India’s journey towards a cleaner and greener environment.
Key Points:
i. Dimethyl Ether (DME) is an indigenous and renewable fuel that has been widely adopted in countries like the United States, Japan, China, Sweden, Denmark, and Korea for powering vehicles.
ii. The DME-fueled engine has been shown to achieve higher thermal efficiency while emitting lower levels of pollutants, including particulate and soot emissions.
iii. The DME-powered tractor presents a cost-effective and environmentally friendly solution for a wide range of agricultural applications.

About Dimethyl Ether (DME) engines:

  • The DME-fueled engine has been shown to achieve higher thermal efficiency while emitting lower levels of pollutants, including particulate and soot emissions.
  • The DME-powered tractor presents a cost-effective and environmentally friendly solution for a wide range of agricultural applications. Its simplified engine technology, free from complex and expensive emission control devices, ensures user-friendliness and compliance with stringent emission regulations.

Indian Men’s Football team defeat Kuwait to lift 2023 SAFF Championships for 9th time On 4th July 2023, Indian Football Team (also known as ‘Blue Tigers’) won the South Asian Football Federation (SAFF) Bangabandhu Championship 2023 defeating Kuwait national football team at the finals, in Sree Kanteerava Stadium, Bengaluru, Karnataka.

  • The 2023 SAFF Championships marks India’s 9th SAFF Championship title and second consecutive title after it won in 2021 SAFF Championships in Maldives (defeated Nepal).
  • India previously had won the championships in 1993, 1997, 1999, 2005, 2009,2011,2015, and 2021.

About SAFF Championship 2023:
i.The 14th edition SAFF Championship 2023 held from 21th June to 4th July 2023, saw participation of eight teams including India, Kuwait, Nepal, Pakistan, Lebanon, Maldives, Bhutan, Bangladesh.

  • Kuwait and Lebanon are the two Non SAFF members invited to this tournament.

ii.India won the finals by penalty Shootout (5-4) after the draw (1-1).
Cash Prizes:
i.Winners – 50,000 USD (India)
ii.Runners-up – 25,000 USD (Kuwait)
SAFF Championship 2023 Awards:
i.Best goalkeeper of the competition (Golden Glove) – Anisur Rahman Zico (Bangladesh)
ii.Highest Goalscorer award (Golden Boot) – Sunil Chhetri (India)
iii.Most valuable player (Golden Ball)- Sunil Chhetri (India)
iv. Fair play award of the team – Nepal
v. Man of the Match (Final) – Gurpreet Singh Sandhu (India)
About SAFF Championship:
i.SAFF Championship is an international football tournament primarily contested by teams from the South Asian subcontinent, organised by the South Asian Football Federation (SAFF).
ii.The 1st edition of SAFF Championship won by India in 1993 in Pakistan.
AIFF Player of the Year Award winners for 2022-23:
On 4th July 2023, All India Football Federation (AIFF) announced the following awards.
i.Men’s Footballer of the Year 2022-23: Lallianzuala Chhangte
ii.Women’s Footballer of the Year 2022-23: Manisha Kalyan
iii.Men’s Emerging Footballer of the Year 2022-23: Akash Mishra
iv.Women’s Emerging Footballer of the Year 2022-23: Shilji Shaji
v. Men’s Coach of the Year 2022-23: Clifford Miranda
vi.Women’s Coach of the Year 2022-23: Priya Parathi Valappil


First ever International Day of Women in Diplomacy – 24th June 2023The United Nations (UN)’s first ever International Day of Women in Diplomacy (IDWID) on 24th June 2023 to recognize the role of Women in Diplomacy as in furthering the Socio-Economic Equitable and Inclusive Sustainable Development.

  • The theme of IDWID 2023 is “Breaking Barriers, Shaping the Future: Women in Diplomacy for Sustainable Development”. 

Background:
During its 76th Session, United Nations General Assembly(UNGA) adopted the resolution A/RES/76/269 on 20 June 2022 and proclaimed the 24th June of every year as the International Day of Women in Diplomacy  (IDWID) .

  • 24th June 2023 marks the observance of the 1st ever International Day of Women in Diplomacy.

First high level forum for IDWID 2023: 
On 23rd June 2023, The Royal Academy of Science International Trust (RASIT) and the Permanent Mission of Malta to the UN organised (virtually) the First High-Level Forum celebrating IDWID 2023.
i.The forum, organised by the RASIT’s programs: World Youth League and Women in Science International League discussed the role of women diplomats Breaking Barriers, re-Shaping the Future of achieving the three pillars of sustainable development: economic prosperity, social justice, and environmental integrity.
ii.The Inaugural Forum of the IDWID featured the interactive conversations led by youth with women diplomats in the international community and 4 high-level conversations with distinguished women ambassadors.

MP CM Shivraj Singh Chouhan initiated the registration of Mukhyamantri Sikho Kamao Yojana for youths in MP Shivraj Singh Chouhan, Chief Minister of Madhya Pradesh (MP) implemented the  Mukhyamantri Sikho-Kamao Yojana  (MMSKY) (CM Learn and Earn Scheme) for the skill development of the youths of MP.

  • He started the process of registration of youth applicants in this scheme and interacted with the youths during the event organised at the Ravindra Bhavan in Bhopal, MP.
  • The scheme-related training will begin on 1st August 2023.

About Mukhyamantri Sikho Kamao Yojana:
The scheme aims to facilitate the ‘On the Job Training (OJT)’ opportunities in registered industrial and vocational establishments, enabling young individuals to get industry-suitable skills.

  • Apart from training the individuals will also benefit from a monthly stipend provided by the Government of MP.

Features of the scheme:
Under the MMSKY scheme, there are about 700 different types of works and individuals can apply as per their interest using a web portal, https://mmsky.mp.gov.in/.
Eligibility:
iThe candidate should be 18 to 29 years of age.
ii. The candidate should be the permanent resident of Madhya Pradesh.
iii. Candidates should have the educational qualification of class 12th, ITI pass or above.
iv. The candidates should have completed their registration and completion of e-KYC (Electronic Know Your Customer) on Samagra ID Portal.
Note: Samagra ID given by the Samagra Portal of MP is a 9 digit number, which is provided to every citizen of MP, just as an Aadhaar card.
Benefits:
The stipend benefits provided to the individuals learning under the scheme is, for:

  • 12th Pass, the stipend will be Rs.8,000
  • Industrial Training Institute (ITI) Pass candidates will get Rs.8,500
  • Diploma Holders will get Rs.9,000
  • Post Graduates will get Rs.10,000

About Madhya Pradesh:
Chief Minister- Shivraj Singh Chouhan
Governor- Mangubhai C. Patel
Tiger Reserve- Panna Tiger Reserve, Screw Tiger reserve


Sarbananda Sonowal Laid the Foundation Stone for Inland Waterways Transport Terminal in Assam
On 4th July 2023, the Union Minister of Ports, Shipping & Waterways (MoPSW) and Ayush, Sarbananda Sonowal laid the foundation stone of Inland Waterways Transport (IWT) terminal to be developed at Bogibeel in Dibrugarh, Assam along the banks of the River Brahmaputra, (National Waterways 2).
The tourist-cum-cargo IWT terminal will be developed at Rs 46.60 crores and is scheduled to be completed by February 2024.

  • The terminal will help in rejuvenating inland waterways transportation in the region for both cargo and passenger movement, by helping the  growth of trade and commerce.

Current Affairs Daily Digest – 5 July 2023

DoT Launches Bharat 6G Alliance to Drive Innovation and Collaboration in Next-Generation Wireless Technologyi.On July 3, 2023, the Department of Telecommunications (DoT),Ministry of Communications (MoC) launches Bharat 6G Alliance (B6GA) to propel India’s technological progress in the telecom sector. In this regard, the B6GA website (https://bharat6galliance.com) was also launched. B6GA was launched by Union Minister Ashwini Vaishnaw, MoC.
ii.For B6GA, the Central Government has allocated a grant of Rs 240.51 crores through the Telecom Technology Development Fund (TTDF).
iii.B6GA is a collaborative platform in India, bringing together startups, companies (both public and private), academia, research institutions, global technology alliances, associations, and standards development organizations. Its goal is to lead the development and deployment of 6G technology in India.
iv.During the event, grants totaling Rs 48 crore were awarded to 66 startups and MSMEs (Micro, Small & Medium Enterprises) under Digital Communication Innovation Square (DCIS) initiative which fosters innovation and entrepreneurship.
About Ministry of Communications (MoC):
Union Minister– Ashwini Vaishnaw (Constituency- Rajya Sabha, Orissa)
Minister of State– Devusinh Chauhan (Constituency-Kheda, Gujarat)


NADA India signs MoU with SARADO to increase the Regional Cooperation in anti-doping in sportOn 3rd July 2023, National Anti-Doping Agency (NADA) India signed a Memorandum of Understanding (MoU) with South Asia Regional Anti-Doping Organisation (SARADO),comprising of Anti-Doping Organizations of Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka to increase the Regional Cooperation in anti-doping in sports NADA India – SARADO Cooperation Meet in New Delhi, Delhi.

  • The collaboration helps in collectively addressing the challenges posed by doping practices in sports.
  • This agreement marks a significant milestone as the first of its kind for India in the field of anti-doping.

Key highlights: 
The project plan includes the development of anti-doping education and prevention programmes in South Asia; training and upskilling of sample collection personnel and educators; organising seminars and workshops; facilitating exchange programmes; and producing educational literature on anti-doping over a period of 3 years.
What is Doping in sports?
Doping is the act of consuming artificial and often illegal substances to gain an advantage over others in sporting competitions (for example:anabolic steroids, human growth hormones, stimulants and diuretics).
About National Anti Doping Agency (NADA) India :
NADA India was set up as registered society under the Societies Registration Act of 1860 on November 24, 2005 with a mandate for Dope free sports in India.

  • Director General & Chief executive officer(CEO) – Ms. Ritu Sain

About South Asia Regional Anti-Doping Organisation (SARADO): 
i.SARADO was formed on 16th May 2007 in the South Asian Anti-Doping Program Project Development Meeting held in Maldives.It comprises of Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka to value and foster doping free sport.

  • Director General – Mr. Mohamed Mahid Shareef,

Govt Launches Scheme to Support Pregnant Minor Victims of Sexual AssaultUnion Minister for Women and Child Development, Smriti Irani has launched a new scheme to address the challenges faced by pregnant minor victims of sexual assault who lack family support. The “scheme for critical care and support for accessing justice to rape/gang rape survivors or minor girls who get pregnant” aims to provide essential assistance to these vulnerable individuals under Ministry of Women and Child Development (MWCD).

  • Under the initiative, medical and financial support will be provided through the Nirbhaya Fund.
  • The budget of the proposal is  Rs 74.10 crore. The allocated funds will also be used to establish dedicated shelters for these victims.
  • The scheme aims to provide an integrated support system under one roof, leveraging the administrative structure of Mission Vatsalya in collaboration with state governments and Child Care Institutions (CCIs).

Key Points:
iThe focus of the scheme is on offering shelter, food, daily necessities, safe transportation for court hearings, and legal aid to those minor girls
ii. Depending on state governments’ discretion, the shelters may be standalone facilities or designated wards within existing child care institutions (CCIs).
iii. The additional support, available in CCIs until the age of 18 and in after-care facilities until the age of 23, demonstrates the government’s dedication to protecting and empowering vulnerable minors who have experienced trauma.
Additional Info:
iThis initiative aligns with the establishment of 415 POCSO fast track courts across the country, reflecting the government’s commitment to expedite justice for minor rape victims.
ii. Statistics from the National Crime Records Bureau (NCRB) reveal alarming numbers, with 51,863 cases registered under the Protection of Children from Sexual Offences (POCSO) Act in 2021. Of these cases, 64% (33,348 incidents) involved penetrative sexual assault and aggravated penetrative sexual assault, highlighting the urgent need for comprehensive measures to protect and support minor victims.
About Ministry of Women and Child Development:
Union Minister – Smriti Zubin Irani (Constituency: Amethi, Uttar Pradesh)
Minister of State – Munjapara Mahendrabhai


Union Minister Sarbananda Sonowal launches campaign to transform iconic 75 Lighthouses into Tourism DestinationsOn 1st July 2023, Sarbananda Sonowal, Union Minister of Ports, Shipping & Waterways, launched a campaign to transform 75 historic Lighthouses across India into Tourism Spots from Dwaraka, Gujarat.

  • He inaugurated the 1st three renovated lighthouses in Dwarka, Gopnath and Veraval in Gujarat.
  • This inauguration marks the beginning of the campaign.

Note: the campaign is in line with Prime Minister Narendra Modi’s vision to transform India’s distinctive lighthouses into captivating tourism sites.
Significance of the campaign:
i.The aim of the campaign is to showcase the rich culture, significance, and magnificent structures of India.
ii.These historic sites have the potential to develop into tourist attractions and to boost the local economy.
Note:
Prime Minister Narendra Modi has spoken about the unique appeal of lighthouses and their potential as tourist attractions during the 75th episode of Mann Ki Baat.
Additional info:
i.Union Minister Sarbananda Sonowal also participated in Confederation of Indian Industry (CII)’s Business 20(B20) Meet at Surat, Gujarat, and interacted with the leading members of the business community.
ii.He invited firms to invest in the inland waterways sector and highlighted the need for river cruises such as ‘Narmada Vilas’, ‘Godavari Vilas’, ‘Mahanadi Vilas’, ‘Cauvery Vilas’ based on the success of Ganga Vilas.

RAKEZ & ICFA signed MoU to promote Trade and Innovations in Food and Agriculture Sectors between UAE and India Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Chamber of Food and Agriculture (ICFA) signed a Memorandum of Understanding (MoU) to promote growth and development within the food and agriculture sectors of the United Arab Emirates (UAE) and India.
Signatories:
The MoU was signed by Ramy Jallad, Chief Executive Officer (CEO) of RAKEZ Group and Dr MJ Khan, Chairman of ICFA.
Significance of the MoU:
iThe MoU aims to create opportunities for knowledge exchange, trade promotion, investment, and research and development collaboration.
iiIt emphasises the commitment to strengthen relationships with international organisations like ICFA and recognising India’s role as a strategic trade and investment partner for the UAE.
iiiThe collaboration aims to provide opportunities for capacity-building, enabling tech and agricultural companies in the RAKEZ business community to enhance their methods and share innovative, sustainable farming techniques with major Indian companies.
iv. RAKEZ and ICFA will actively identify and promote investment opportunities for Indian businesses in the economic zone, serving as an attractive gateway to the Middle East through this partnership.
v. This MoU further strengthens the UAE-India relations, which have been raised by the Comprehensive Economic Partnership Agreement (CEPA)signed in February 2022.
Features of the MoU:
iUnder this MoU, RAKEZ will enable Indian agri-businesses to explore profitable opportunities in the Middle East/North Africa (MENA) region through Ras Al Khaimah, UAE.
ii. The proposed joint research and development projects will stimulate agricultural innovation and contribute significantly to the sector’s advancement in both India and the UAE.
iii. The MoU will facilitate promotional activities for trade, market access, and business matchmaking between Indian food and agriculture companies and businesses within the RAKEZ ecosystem.
Additional Info:
iAs one of the UAE’s largest trading partners, India brings valuable innovation and expertise in the food and agriculture sectors, particularly in sustainable farming and food processing technologies.
ii. Over 4,000 Indian companies, including Mahindra, Ashok Leyland, and Dabur, already operating in RAKEZ, the collaboration with ICFA promises to further boost Indian presence and investment in the UAE.
About Indian Chamber of Food and Agriculture (ICFA):
ICFA is a society registered under Societies Registration Act, 1860, established in 2015
President- Prof. Panjab Singh
Headquarters- New Delhi, Delhi


India Post & Canada Post signed a bilateral Tracked Packet agreement

On 7th June 2023, India Post & Canada Post signed a bilateral Tracked Packet agreement to introduce International Tracked Packet Service (ITPS) between two countries to facilitate e-commerce exports.

  • India Post already provides ITPS service with 38 partner countries and Canada will be the 39th and the service commenced from July 01, 2023.

The service will provide competitive shipping solution for packets upto 2.0 kg with tracking facility and fullfill a major demand of exporters.
Note: The postage rates for first 50 gms would be Rs 400 and Rs 35 for every additional 50 gms.


First of its kind Exhibition on ‘Banking on World Heritage’ depicting UNESCO Heritage sites inaugurated at IGNCA, Delhi

On 30th June 2023, Meenakashi Lekhi, Minister of State for External Affairs and Culture inaugurated an exhibition ‘Banking on World Heritage’ first of its kind in the world at Darshanam gallery of Indira Gandhi National Centre for the Arts (IGNCA), New Delhi, Delhi. This exhibition showcases Banknotes of G-20 Member Nations, depicting United Nations Educational, Scientific and Cultural Organization (UNESCO) listed World cultural Heritage Sites.

  • The exhibition organised under the chairmanship of India as part of the ongoing G-20 Summit celebrations and will run till July 9 2023 and has been organised in the spirit of Vasudaiva Kutumbakam.
  • The exhibition has been curated by Ms. Rukmini Dahanukar, an independent scholar and founder of ‘Money Talks’.

Note: “Money Talks” is a collection of papers; an on-going research that argues, Money is not merely a medium of exchange but a medium of communication.


India Doubles its share of Global Commercial Services Exports to 4.4% in 2022: WB & WTO Reporti.On July 3, 2023, a report titled ‘Trade in services for development-Fostering sustainable growth and economic diversification’, co-published by World Bank (WB) and World Trade Organisation (WTO), was released virtually during a High level launch event.
ii.As per it, India has doubled its share of global commercial services exports to 4.4% in 2022 from 2% in 2005.
iii.China also doubled its share of global commercial services exports from 2005 to 2022, from 3% to 5.4%.
iv.India has emerged as a favored medical travel hub, attracting approximately 3.5 million foreign patients between 2009 and 2019.
About World Bank (WB) Group:
President– Ajay Banga
Financial Arms– 5: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID)
Headquarters– Washington, DC, United States
About World Trade Organization (WTO):
Director-General– Okonjo-Iweala
Headquarters– Geneva, Switzerland

Merger Between HDFC Ltd and HDFC Bank Ltd Receives Final Board ApprovalIn a significant development, the merger between Housing Development Finance Corporation (HDFC) and HDFC Bank has successfully obtained final board approval.  With a valuation of around USD 40 billion, this unprecedented merger creates a financial services powerhouse. The approval was granted by HDFC Bank’s board in accordance with the Companies Act, 2013.

Composite Scheme of Amalgamation for merger:

  • HDFC Investments Limited and HDFC Holdings Limited merged with HDFC Limited.
  • HDFC Limited merged with HDFC Bank Limited has become effective from July 1, 2023.

Key Points:
i.With a combined valuation of USD 172 billion, the merger will impact millions of customers, shareholders, and various businesses associated with both HDFC and HDFC Bank, including group insurance and asset management ventures.
ii.After merging with mortgage lender HDFC Ltd, HDFC Bank is set to become the world’s fourth most valuable bank based on market capitalization and emerge as the second biggest company in India.
iii.Deepak Parekh, the esteemed chairman of Housing Development Finance Corporation (HDFC) Limited, has announced his retirement as HDFC prepares to merge with HDFC Bank, marking the end of his remarkable 45-year tenure.
About Housing Development Finance Corporation (HDFC) Bank:
Chairman – Mr. Atanu Chakraborty
MD & CEO – Sashidhar Jagdishan
Established in – 1994
Tagline – We Understand Your World
Headquarters – Mumbai,Maharashtra


Indian Overseas Bank Launches RuPay Select Debit Card, Offering Exclusive Luxury BenefitsOn 4th July 2023, Indian Overseas Bank (IOB) introduced the all-new RuPay Select Debit card, aiming to provide customers with a comprehensive blend of luxury, convenience, and security. With a host of exclusive benefits, including access to gyms, complimentary health check-ups, golf lessons, spa services, and lounge privileges at select domestic and international airports, this new debit card promises a premium banking experience for IOB customers.

  • With the introduction of the RuPay Select Debit card, Indian Overseas Bank aims to enhance its customers’ banking experience by offering a range of exclusive luxury benefits.
  • This initiative not only provides convenience and security but also reflects IOB’s commitment to meeting the evolving needs and expectations of its valued customers.

Eligibility Criteria:
iTo be eligible for the RuPay Select Debit card, individuals must maintain a savings bank account or a certificate of deposit (CD) with IOB, with an average daily balance of Rs. 1 lakh.
ii. The cash withdrawal limit is set at Rs. 50,000, while the daily limit for merchant establishment usage (PoS) is Rs. 5 lakh. For e-commerce transactions, users can spend up to Rs. 3.5 lakh per day.
The issuance fee for the card is Rs. 800, along with applicable GST, and an annual maintenance fee is also charged.
Additional Info:

  • IOB customers will enjoy five free transactions (both financial and non-financial) at IOB ATMs. Subsequently, a charge of Rs. 10 plus GST will be levied for each financial transaction, including cash withdrawals and deposits.
  • Non-financial transactions, such as checking bank statements and mini statements, will incur a charge of Rs. 5 plus GST.

About Indian Overseas Bank (IOB):
MD & CEO   Ajay Kumar Srivastava
Headquarters –  Chennai,Tamil Nadu
Established in   1937
Tagline   Good people to grow with


King Charles and Queen Camilla Give Environmental Award to Indian ConservationistsOn 28th June 2023, Britain’s King Charles III and Queen Camilla presented the prestigious Elephant Family environmental award to Indian conservationists at the 2023 Animal Ball, Lancaster House, London to recognise contributions to protecting Asian wildlife.

  • Filmmaker Kartiki Gonsalves, behind Oscar-winning documentary ‘The Elephant Whisperers,’ received the Tara Award
  • The Real Elephant Collective (TREC)-a wildlife conservation group from India, consisting of 70 Adivasi artists, was honoured with Mark Shand Award.

Key points:
i.The debut director of ‘The Elephant Whisperers’ Kartiki Gonsalves was recognised for extraordinary achievements in storytelling and advocacy for coexistence, received elephant statuette as the award.
ii.TREC was conferred the award for their five-year meticulous work in creating the CoExistence Herd of intricate sculptural representations of wild elephants.
About TERC:
i.TERC in the Nilgiri Hills, Tamil Nadu works with indigenous communities to present intricate sculptural representations of wild elephants.
ii.The sculptures, made from the invasive weed lantana camara, provide livelihood opportunities for Adivasi (indigenous) communities while contributing to the removal of this harmful weed from protected areas.
The Elephant Whisperers:
The film explores connection between humans and elephants through the heartwarming story of Raghu, an orphaned elephant from the same herds depicted in TREC’s sculptures.
Animal ball 2023:
i.The year 2023 marks the 20th anniversary of wildlife conservation charity Elephant Family, established by Mark Shand in 2003(Queen Camilla’s late brother).
ii.This year’s annual Animal Ball was a celebration of indigenous communities, hosted by the Elephant Family in partnership with the British Asian Trust.


Ajay Banga, World Bank president, an only Indian honouree named in 2023 list of Great ImmigrantsAjay BangaPadma Shri awardee and the President of the World Bank, has been named among the 2023 annual list of “Great Immigrants”, that honours individuals who have strengthened the United States of America (USA) through their contributions. The list is curated by Carnegie Corporation of New York, the USA, a philanthropic organisation.

  • Ajay Banga, became the first-ever Indian American to lead the World Bank in June 2023 and he is the only honouree from India in 2023 list of ‘Great Immigrants.

2023 Great Immigrants:
iIn honour of Andrew Carnegie, a Scottish immigrant and the founder of the Carnegie Corporation of New York, the corporation in every Fourth of July celebrates the exemplary contributions of immigrants to American life.
ii. In 2023, the Corporation honours 35 individuals from 33 countries whose contributions and actions have enriched and strengthened the society and democracy of the USA.
iii. In 2023, the Corporation highlighted the work of immigrants who have promoted opportunities for others through their work as educators, mentors, philanthropists, job creators, public servants, storytellers, and advocates.
Note:

  • Every 4th of July is celebrated as the Independence Day of the USA.
  • The corporation is now led by Irish immigrant Dame Louise Richardson.

About Ajay Banga:
iHe started his career in India and spent 13 years at Nestle India and 2 years at PepsiCo.
ii. Before joining the World Bank, Ajay Banga was the Vice chairman at General Atlantic.
iii. He is also a co-founder of the Cyber Readiness Institute and served as vice-chair of the Economic Club of New York, the USA.
iv. He also served as the Chief Executive Officer (CEO) of Mastercard.
v. He was the Honorary Chairman of the International Chamber of Commerce, serving as Chairman from 2020-2022.
vi. He was honoured with the Padma Shri in 2016 for his contributions in the fields of trade and industry.
Highlights of the 2023 Event:
2023 honorees include: Ke Huy Quan, Vietnamese-born Academy Award-winning actor; Pedro Pascal, Chilean-born actor; Ngozi Okonjo-Iweala, Nigerian-born Director-General of World Trade Organization; Ted Lieu, Taiwan born US Congressman and so on.
Note: Ke Huy Quan won the 2023 Oscar for Best Supporting Actor in ‘Everything Everywhere All At Once’.


Michael Rosen awarded PEN Pinter Prize 2023

British writer and performance poet Michael Rosen has been awarded the PEN Pinter Prize 2023. He will receive the award in a ceremony co-hosted by the British Library on 11 October 2023.

  • Some of Rosen’s most well-known books include You Can’t Catch Me (1982), which won the Signal Poetry Award; You Wait Till I Am Older Than You (1996), Rover (2007), Fantastic Mr Dahl (2012, on Roald Dahl’s writing life).

i.The Prize is awarded annually to a writer resident in the United Kingdom, the Republic of Ireland, the Commonwealth who is committed to fearless exposition of truth.
ii.The PEN Pinter Prize was established in 2009 in memory of Nobel-Laureate playwright Harold Pinter.
iii.The prize is shared with an international writer of courage selected by English PEN’s Writers at Risk Committee in association with the winner.


Lt Gen MU Nair Appointed as the Head of National Cyber Coordination CentreOn 3rd June 2023, Lt Gen MU Nair has been appointed the new National Cyber Security Coordinator (NCSC)by the National Cyber Coordination Centre (NCCC), the cybersecurity and e-surveillance agency in the government of India.

  • He is India’s third cyber security chief after Lt Gen (retd.) Dr Rajesh Pant and first chief Gulshan Rai.

About Lt Gen Nair:
i.A distinguished alumnus of the esteemed National Defence Academy, Lt Gen MU Nair has been honored with Ati Vishisht Seva Medal and Sena Medal.
ii.Prior to his appointment as NCSC he held the chair of 28th Signal-officer-in-Chief at the Army Headquarters in July 2022, and also served as the commandant of the Military College of Telecommunication Engineering, Indore, Madhya Pradesh.
iii.He has also held other important positions including the additional director general, signal intelligence, chief of staff of a corps and command.
iv.Lt Gen Nair is an expertise in cyber warfare, signal intelligence and communication and information technology at  both national and global levels.
About National Cyber Security Coordinator (NCSC): 
NCSC under National Security Council Secretariat (NSCS) coordinates with different agencies at the national level for cyber security matters.


Vice Admiral Atul Anand takes over as Additional Secretary, Department of Military Affairs 

On July 3, 2023, Vice Admiral Atul Anand was appointed as the Additional Secretary of the Department of Military Affairs in the Ministry of Defence (MoD).

  • He will succeed Lt Gen Anil Puri, who retired on February 28, 2023.

About Vice Admiral Atul Anand:
i.He was commissioned into the executive branch of the Indian Navy on January 1, 1988.
ii.He is an alumnus of the National Defence Academy (71st Course, Delta Squadron)
iii.He is a recipient of Ati Vishisht Seva Medal (AVSM) and Vishisht Seva Medal (VSM).
iv.He commanded Torpedo Recovery Vessel INTRV A72, missile boat INS (Indian Naval Ship) Chatak, corvette INS Khukri and missile destroyer INS Mumbai.
v.He also served as the Navigating Officer of the Indian Navy’s ships — Sharda, Ranvijay and Jyoti.


MoRD Launches eSARAS App for Products From Women SHGsOn 3rd July 2023, Deendayal Antyodaya Yojna- National Rural Livelihoods Mission (DAY-NRLM), the flagship initiative of the Ministry of Rural Development (MoRD), launched the eSARAS, an e-commerce mobile application to support the marketing of products made by women of Self-help Groups (SHGs).

  • The app was launched by Shailesh Kumar Singh, Secretary of MoRD in New Delhi, Delhi.
  • He also inaugurated the eSaras Fulfilment Centre at the MoRD office at Janakpuri, New Delhi, Delhi.

The eSaras app:
i.The app is an online platform for buying handicrafts and handloom items made by rural women registered with SHG’s.
ii.The app is a platform for marketing of the best, authentic handicrafts and handlooms made by women from SHG’s.
iii.The launch of the app promotes the spirit of “Vocal for Local” by marketing easier by “SHG Didis” in even more customer friendly way.
The eSARAS fulfillment centre:
i.The eSARAS fulfillment centre will be managed by the Foundation for Development of Rural Value Chains (FDRVC – a Not for Profit Company constituted jointly by MoRD and Tata Trust).
ii.It will be used to process, package and ship products that customers purchase through the eSaras portal and app.
iii.It will handle the logistics required to bring an online order to a customer’s doorstep.
Note: DAY-NRLM’S strategy is a 360 degree approach with online marketing initiatives like eSARAS App and Portal, and popular on-grounds events like SARAS Melas, Saras Food Festivals.


ECI opened Online Portal for filing 3 types of Financial Reports by the Political Parties

The Election Commission of India (ECI) launched a new web-portal Integrated Election Expenditure Monitoring System to facilitate the online filing of Contribution Report, Audited Annual Account and Election Expenditure Statement by the Political Parties according to the provisions in the Representation of the People (RP) Act, 1951. The online availability of the data is expected to enhance the level of compliance and transparency.
All political parties are required to submit their financial statements online with this portal to the Election Commission/Chief Electoral Officers of States/Union Territories (UTs).
The twin objectives of the facility is to overcome the difficulties faced by the political parties in physical filing of reports, and to ensure timely filing of financial statements in the prescribed formats.

International Day of Cooperatives 2023 – July 1  The United Nations (UN)’s International Day of Cooperatives (CoopsDay) is annually observed across the globe on the first Saturday of July to raise awareness about the importance of cooperatives and their contributions to the development of society.
The day also commemorates the establishment of the International Cooperative Alliance (ICA).

  • 1st July 2023 marked the observance of the 101st International Day of Cooperatives.
  • The theme for the International Day of Cooperatives 2023 is “Cooperatives: partners for accelerated sustainable development”.

On the occasion of the International Day of Cooperatives 2023(1st July 2023), Narendra Modi, Prime Minister of India, inaugurated 17th Indian Cooperative Congress (ICC) on 1st and 2nd July 2023 at Pragati Maidan in New Delhi, Delhi.

  • The theme of the congress is ‘AmritKaal: Prosperity through Cooperation for a Vibrant India’.
  • The 2-day event organised by National Cooperative Union of India (NCUI) was chaired by Union Minister Amit Shah, Ministry of Home Affairs (MoHA) and Ministry of Cooperation.

Current Affairs – 4 July 2023

India and France Conduct Joint Maritime Exercise off VisakhapatnamIn a demonstration of their strong naval partnership, the Indian Navy and the French Navy carried out a joint Maritime Partnership Exercise (MPX) in the Bay of Bengal along the coast of Visakhapatnam, Andhra Pradesh. The exercise involved the participation of Indian Naval Ships INS Rana (a guided missile destroyer) and INS Sumedha (an indigenously built offshore patrol vessel), alongside the French Navy’s La Fayette class frigate FS Surcouf.

  • During FS Surcouf’s visit to Visakhapatnam from June 26-29, a range of activities were undertaken to foster professional and social interactions between the two navies.
  • These activities included sporting events, cross-deck visits, and exchanges aimed at promoting mutual understanding and camaraderie.

Key Highlight:
The MPX commenced with INS Rana and INS Sumedha, along with FS Surcouf, engaging in a series of joint exercises. These exercises encompassed tactical manoeuvres, replenishment at sea (RAS) approaches, air defence operations, and cross-deck helicopter operations. The exercises showcased the seamless coordination and interoperability between the Indian and French naval forces.

  • The exercise not only enhanced the naval capabilities of both forces but also emphasised their shared commitment to maintaining a secure and stable maritime environment in the Bay of Bengal region.

Additional Info:
i. As strategic partners, the Indian Navy and the French Navy continue to strengthen their bonds through joint exercises, fostering greater interoperability and reinforcing naval diplomacy between the two nations.
ii. From March 10 to March 11, 2023, a Maritime Partnership Exercise (MPX) took place between the Indian Navy and the French Navy. During this exercise, the French Navy’s frigate FS La Fayette and Mistral-class amphibious assault ship FS Dixmude participated alongside the Indian Navy’s guided missile frigate INS Sahyadri.


PM launched National Sickle Cell Anaemia Elimination Mission and issued AB-PMJAY cards in Madhya Pradesh        On 1st July 2023, Narendra Modi, Prime Minister (PM) of India launched the National Sickle Cell Anaemia Elimination Mission (NSCEM) as part of the National Health Mission (NHM) and released the guidelines for Sickle Cell Anaemia Elimination Mission in Shahdol, Madhya Pradesh to eliminate anaemia by 2047. Along with the initiative of NSCEM, the PM also distributed sickle cell genetic status cards to the beneficiaries.

  • The PM also initiated the distribution of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) cards of about 3.57 crore beneficiaries, with 1 crore cards already being issued to the beneficiaries in Madhya Pradesh.
  • The ceremony for the distribution of AB-PMJAY cards was being organised at urban bodies, Gram panchayats and Development Blocks across Madhya Pradesh.

About Madhya Pradesh:
Chief Minister- Shivraj Singh Chouhan
Governor- Mangubhai C. Patel
Tiger Reserve- Bandhavgarh Tiger Reserve, Kanha Tiger Reserve


IN & ICG signed MoU with IPRCL to develop a gallery at NMHCOn 2nd July 2023, The Indian Navy (IN) and Indian Coast Guard (ICG) has signed an Memorandum of Understanding (MoU) with Indian Port Rail & Ropeway Corporation Ltd (IPRCL) in Gandhinagar, Gujarat, to set up a Naval gallery at National Maritime Heritage Complex (NHMC).

  • The MoU aims at Planning, Development, Construction, and Commissioning of Gallery No.6, based on the theme, “Evolution of Indian Navy & Indian Coast Guard” in Phase 1A of this Project.

Note: Sarbananda Sonowal reviewed the project process of National Maritime Heritage Complex,World’s biggest maritime museum complex, Lothal in Gandhinagar, Gujarat
Signatories: 
i.This MoU has been signed by Commandant PV Gopal, Project Officer, NMHC, Indian Coast Guard (ICG) and AK Gupta, Managing Director(MD), Indian Port Rail & Ropeway Corporation Ltd.
ii.The signing of MoU took place in presence of Sarbananda Sonowal, MoPSW, Bhupendrabhai Patel, Chief Minister(CM) of Gujarat, Dr. Mansukh Mandaviya, Union Minister of Health & Family Welfare Shantanu Thakur and Shripad Yesso Naik, Ministers of State(MoS) MoPSW and senior officers of the Indian Coast Guard and Indian Navy.
About NHMC:
i.Ministry of Ports,Shipping and Waterways (MoPSW) is building NHMC at the historic Indus Valley civilization (IVC) region in Lothal, Gujarat, at an investment of Rs 4,500 crore.
ii.The foundation stone for the project was laid by Prime Minister(PM) Narendra Modi in March 2019.
iii.Indian Navy and coast guard will work for the planning, development, construction, and commissioning of the gallery.
Key highlights: 
i.NMHC complex will have World’s Tallest Lighthouse Museum, Asia’s Biggest Under Water Marine Museum and India’s Grandest Naval Museum
i.iIt will showcase the maritime heritage of the country from ancient to modern times by adopting an edutainment approach using the latest technology to spread awareness about India’s maritime heritage.
iii.It will comprise of Lothal mini recreation to recreate Harappan architecture and lifestyle; four theme parks – Memorial theme park, Maritime and Navy theme park, Climate theme park, and Adventure and Amusement theme park; 14 galleries highlighting India’s maritime heritage starting from the Harappan times till now; a Coastal States pavilion displaying the diverse maritime heritage of states and Union Territories(UT).
Note: NMHC is one of the major projects of Sagarmala Programme under MoPSW.
About Ministry of Ports, Shipping and Waterways (MoPSW):
Union Minister- Sarbananda Sonowal
Minister of State- Shantanu Thakur; Shripad Yesso Naik.


Kishan Reddy releases postal cover on “9 Years of Telangana Statehood” 

On 30th June 2023, G Kishan Reddy, Union Minister for Tourism, released a special postal cover to commemorate “9 Years of Telangana Statehood” and Picture Post cards (a set of 5 cards) on “Buddhist Heritage in Telangana – Bavapur Kurru” at an event in Dak Sadan, Hyderabad, Telangana.

  • The special postal cover featuring Dhulikatta Buddhist stupa is priced at Rs 50 and the set of Bavapur Kurru post cards are priced at Rs 200.
  • These will be available at all head post offices.

About the Special postal cover: 
The special postal cover released by the Department of Post features the Dhulikatta Buddhist stupa, situated on the banks of Hussaini Vagu at Dhulikatta in Peddapalli district, Telangana. The Stupa is Palaeographically datable to 2nd century B.C.

  • The Buddhist stupa belongs to the Hinayana sect of Buddhism.
  • Satavahana period stupa is characterized by a snake (Nagamuchilinda) guarding the Buddha and it is inscribed in ancient Brahmi script.

About the Set of Picture Post Cards: 
The set of 5 cards traces the events of Bavari, journey of a Brahmin sage from the Parayanavagga of Suttanipata, and the introduction of Buddha Dhamma.

  • The cards depicts the life event of a Buddhist monk Bavari,who settled in Assaka Janapada and sent 16 of his disciples to Magadha to meet the Buddha.

Bavapur Kurru:
i.Bavapur Kurru is the Buddhist site, located on an island in the middle of the river Godavari, 14 kms from Khanapur town in Nirmal District, Telangana. This site was found by archaeologists in 2019.
ii.The Buddhist literature mentioned about the spread of Buddhism in Telangana in Parayanavagga of Sutta-Nipata, a collection of religious discourse, speaks of Bavari, a Brahmin priest who came from Kosala in Magadha to settle on an island of the Godavari River.
Telangana Statehood Day – 2nd July:
i.Telangana was formed as the 29th State of India on 2nd July 2014.
ii.The Andhra Pradesh Reorganisation Act of 2014, (Telangana Act), is an Act of Indian Parliament that split the state of Andhra Pradesh into Telangana and Andhra Pradesh.
2nd July 2023 marks the 9th Statehood Day of Telangana.


The 2nd edition of the JDCC meeting between India and Tanzania

On 28th & 29th of June 2023 the second edition of Joint Defence Cooperation Committee (JDCC) meeting was held  between India and Tanzania in Arusha, Tanzania, East Africa focused on a wide range of opportunities for collaboration with a view to enhancing security in the Indian Ocean Region (IOR).

  • India and Tanzania have finalised a five-year roadmap to expand defence and maritime, infrastructure building and collaboration in military equipment and technology.

The Indian delegation, led by Joint Secretary Amitabh Prasad, included  officials from the Ministry of Defence (MoD) and the Armed Forces and Binay S Pradhan,High Commissioner of India to Tanzania.


WHO reports: In 2019, 395,000 deaths of children under 5 due to Unsafe WASHAccording to the World Health Organization (WHO) report titled Burden of disease attributable to unsafe drinking water, sanitation and hygiene: 2019 update, among children under the age of 5, unsafe Water, Sanitation and Hygiene (WASH) was responsible for 395 000 deaths and 37 million disability-adjusted life years (DALYs). This represents 7.6% of all deaths and 7.5% of all DALYs in this age group.

  • This also includes 273 000 deaths from diarrhoea and 112 000 deaths from acute respiratory infections, top 2 infectious causes of death for children under 5 globally.

About the WHO Report:
i.The report provides the estimates of the burden of disease attributes to unsafe WASH for 183 WHO Member states for the year 2019.
ii. The estimates are based on 4 health outcomes –  diarrhoea, acute respiratory infections (ARIs), undernutrition (protein-energy malnutrition (PEM)), and soil-transmitted helminthiases (STH).

  • These are included in reporting of sustainable development goal (SDG) indicator 3.9.2 on mortality attributed to unsafe WASH.

Key Highlights:
i.According to the report, half of the world’s population still does not have adequate access to drinking water, sanitation and hygiene, which caused the death of at least 1.4 million people and 74 million DALY in 2019.

  • About 771 million people lack access to safe water and 1.7 billion people don’t have a toilet globally.

ii. STHs affect an estimated 1.5 billion people or 24% of the world’s population.
iii. Diarrhoeal disease accounted for most of the attributable burden, with over one million deaths and 55 million DALYs.
iv. The second largest contributor was ARIs from inadequate hand hygiene, which was linked to 356 000 deaths and 17 million DALYs.
v. It was estimated that 10% of the burden of undernutrition, PEM among children under 5 could be attributable to unsafe WASH, representing a total of 8,000 deaths and 825,000 DALYs in this age group.
vi. Data in the report showed, only 3% of countries had a formal policy or a plan in place with at least 75% costing plan available to implement these policies.
vii. WHO African and South-East Asian Regions contributed to around 3 quarters of all WASH attributable deaths, with 510,000 and 593,000 deaths respectively.
viii. Bangladesh, Indonesia, Mongolia, Pakistan and Sao Tome and Principe experienced the fastest progress on access to basic hand hygiene services, with coverage increasing by more than 10% points between 2015 and 2020.


Highlights of RBI’s 27th Financial Stability Report, June 2023i.On June 28, 2023, the Reserve Bank of India (RBI) released its half yearly publication
i.e. 27th Financial Stability Report (FSR), June 2023, which assesses risks to financial stability and the resilience of the Indian financial system. It reflects the collective evaluation of the Sub-Committee of the Financial Stability and Development Council (FSDC).
ii.As per it, Indian economy and the domestic financial system remain resilient despite global headwinds.
iii.According to stress test results published in the FSR, under the baseline scenario, the aggregate Capital to Risk-Weighted Assets Ratio (CRAR) of 46 major banks is projected to slip from 17.1% (historical high) in March 2023 to 16.1% by March 2024.
iv.SCBs’ Gross Non-Performing Assets (GNPA) ratio continued its downtrend and fell to a 10-year low of 3.9% in March 2023 and the net non-performing assets (NNPA) ratio declined to 1% of total loans, the lowest figure since June 2011.
v.The RBI Governor Shaktikanta Das launched the Reserve Bank’s next generation data warehouse, viz., the Centralised Information Management System (CIMS) during the 17th Annual Statistics Day Conference on June 30, 2023.


Indian Bank and NeSL Collaborate to Introduce Digital Services under Project WAVEIndian Bank, a leading public sector lender, joined hands with National E-Governance Services Ltd (NeSL) to roll out a range of digital services as part of its ambitious digital transformation initiative, Project WAVE (World of Advance Virtual Experience), which was initiated in January 2022. These innovative services are set to revolutionise the banking experience by significantly reducing the turnaround time for bank guarantee issuance and delivery.
i. As part of their digital transformation efforts, Indian Bank and NeSL have introduced an electronic bank guarantee (e-BG) service to replace traditional paper-based processes.
ii. This move eliminates the need for physical stamp paper and customer signatures, replacing them with digital stamping and e-signing.
The result is a streamlined process that reduces the average turnaround time for bank guarantees from the industry standard of 3-4 working days to just a few minutes.
Additional Info:
In addition, Indian Bank has launched a fully digital process for eligible individuals and businesses to access pre-approved business loans.

  • The digital vehicle loan product allows individual customers to obtain their desired vehicle with ease, with loan values of up to Rs 25 lakh available.

Future Outcomes:
The partnership with NeSL and the implementation of Project WAVE will empower customers with faster and more efficient processes, revolutionizing the way banking services are delivered.
About Indian Bank:
MD & CEO – Shanti Lal Jain
Headquarters   Chennai
Tagline – Your Own Bank
Established in – 1907


SBI Revamps YONO App; Launches Interoperable Cardless Cash Withdrawal facilityOn 2nd July 2023, The State Bank of India (SBI) revamped its digital banking app, ‘YONO for Every Indian,’ and introduced the Interoperable Cardless Cash Withdrawal (ICCW) facility, aimed at providing greater convenience to customers. These updates were unveiled on SBI’s 68th Bank Day.

  • The revamped YONO (You Only Need One) app aims to meet customer expectations for a seamless and pleasant digital experience, turning the vision of ‘YONO for Every Indian’ into a reality.
  • The enhanced YONO application now includes Unified Payment Interface (UPI) features like Scan and Pay, Pay by Contacts, and Request Money, expanding SBI’s commitment to inclusive and customer-centric digital banking services.

About Interoperable Cardless Cash Withdrawal (ICCW):
The Interoperable Cardless Cash Withdrawal (ICCW) facility allows both SBI customers and customers of other banks to withdraw cash from any bank’s ATM using a single-use dynamic QR code. SBI aims to encourage customers of other banks to join the YONO journey.
i. Users can easily withdraw cash by scanning the QR code using their UPI application’s Scan and Pay feature.
ii. This feature simplifies the cash withdrawal process and enhances security by eliminating the need for a PIN or physical handling of a debit card, minimising risks such as shoulder surfing or card cloning.
About YONO – You Only Need One

  • Since its launch in 2017, the YONO app has gained popularity, with over 60 million registered users. In the fiscal year 2022-2023, 7.86 million savings accounts, accounting for 64% of total accounts, were acquired digitally through YONO.

About State Bank of India
Chairman – Dinesh Kumar Khara
Headquarters – Mumbai
Tagline – The Banker to Every Indian
Established in – 1955


Ajit Pawar Took Oath as the Maharashtra Deputy CM

On 2nd July 2023, Ajit Pawar took oath as the deputy chief minister of Maharashtra in the presence of chief minister(CM) Eknath Shinde and existing deputy chief minister Devendra Fadnavis at Raj Bhavan, Mumbai, Maharashtra, by joining the National Democratic Alliance.

  • Along with him eight other Nationalist Congress Party (NCP)leaders took oath as ministers.

They are Chhagan Bhujbal, Dilip Walse Patil, Hasan Mushrif, Dhananjay Munde, Aditi Tatkare, Dharmarao Atram, Anil Patil, and Sanjay Bansode.
He has also brought 29 Member of Legislative Assembly (MLAs) from NCP to the Shinde faction and has resigned as the Leader of the Opposition.


PM Prasad takes over as Coal India chairman

On 1st July 2023, PM Prasad took charge as newly-appointed chairman and managing director (CMD) of Coal India Limited (CIL) by succeeding  Pramod Agrawal, who superannuated on June 30, 2023.

  • He was previously holding the charge of CMD of Central Coalfields Limited (CCL) since October 1, 2020.

About PM Prasad:
i.He began his CIL career in 1984 as a management trainee at Western Coalfields Limited and served in different CIL subsidiaries.
ii.He also had a three-year stint in National Thermal Power Corporation Limited (NTPC) as Executive Director (coal mining).
iii.He was awarded as ‘Best Mines Manager’ from Secretary Coal, Ministry of Coal (MoC) and Chairman, Coal India Limited in 1995.
iv.When he led the commencement of coal mining operations at Pakribarwadih mines, Hazaribagh, Jharkhand in 2016, it was bestowed with the first prize in ‘Swarn Shakti Awards’.
v.Under his leadership, NCL was awarded at the World Environmental Conference in June 2018 for outstanding work in environment conservation.


Home Minister Amit Shah launched Make in India “Akshar River Cruise” on Sabarmati Riverfront, GujaratOn 2nd July 2023, Amit Shah, Union Minister of Home Affairs and Cooperation, virtually launched the ‘Akshar River Cruise‘ on Sabarmati Riverfront in Ahmedabad, Gujarat. This is the first passenger catamaran built in India under the “Make in India” initiative.

  • The Akshar River Cruise is a floating restaurant developed under Public Private Partnership by Akshar Travels. Ahmedabad Municipal Corporation (AMC) and Sabarmati Riverfront Development Corporation Limited (SRFDCL) at a cost of Rs.15 crore
  • The cruise has a capacity of 165 passengers.

Features of the Akshar River Cruise:
iThe 30-metre-long luxury cruise, with two engines and a two-hour drive, will help boost tourism with attractions such as live music and tasty vegetarian and Jain food.
ii. The river cruise is equipped with 180 life safety jackets, a fire sprinkler system against fire.
iii. Emergency rescue boats/life boats have also been designed for the safety of the people.
iv. The cruise has become the centre of various social and cultural activities for everyone including senior citizens, Children and Youths.
Note:
The riverfront was a brainchild of Prime Minister Narendra Modi, when he was the Gujarat chief minister.
Tourism Initiatives of Gujarat:
Under the Sarhad Darshan Programme (Border visit programme), arrangements have also been made to give the youth of Gujarat an experience of Nadabet, the Indo-Pak border in Gujarat, where the border security forces (BSF) performs their duties in difficult circumstances.


SpaceX Launches European Space Telescope Euclid to Explore ‘Dark Universe’On 1st July 2023, SpaceX Falcon 9 rocket launched a European Space Agency (ESA) telescope Euclid from Cape Canaveral, Florida, USA into orbit on a mission to study the nature and properties of dark energy and dark matter

  • The Telescope is designed to observe galaxies across a wide range of wavelengths.

Key highlights: 
i.The spacecraft will have a 1.2-metre-wide telescope and two instruments

  • A visible-wavelength camera
  • A near-infrared camera/spectrometer

ii.The detectors of the near-infrared instruments have been supplied by NASA.
iii.The spacecraft measures 4.7 Meters Tall And 3.7 Meters Round.
ESA’s Euclid Mission:
The mission is the second medium-class mission (M2) in the Cosmic Vision program (2015-2025) adopted by ESA’s Science Program Committee (SPC) in June 2012, and launched on July 1, 2023.
About Euclid Space Telescope:
i.It is named after the Greek mathematician, Euclid of Alexandria.
ii.It plans to explore the origin and components of the Universe and the fundamental laws that govern it by remaining operational for a minimum of six years.
iii.The telescope will deliver images that are at least four times sharper than ground-based ones.
iv.It looks at the shapes and movement of galaxies from different points between the pull of gravity and the push of dark energy.
Note: Euclid will travel to the 2nd Lagrangian Point (Orbiting Spot ) about 1.5 million kilometers from Earth.


James Webb Space Telescope helps researchers unveil 6 new galaxies

In June 2023, the James Webb Space Telescope (JWST) has helped researchers identify the earliest galaxies ever seen – within the first 650 million years after the Universe was born in the Big Bang,

  • The project, is known as the JWST Advanced Deep Extragalactic Survey (JADES).

JWST has discovered six Monster galaxies, formed roughly 500-700 million years after the Big Bang,
6 distant galaxies captured by JWST:
i.The record holder (JADES-GS-z13-0)
ii.The glowing dog bone
iii.GN-z11
iv.The big clumpy one
v.The inside-out one
vi.The cosmic rose


Red Bull Driver Max Verstappen Wins Formula 1 (F1) 2023 Austrian Grand PrixDutch-Belgium racing Driver Max Verstappen won the 2023 Austrian Grand Prix (Officially known as Formula 1 Rolex Groser Preis Von Österreich 2023) at the circuit Red Bull Ring, Spielberg, Austria.

  • Ferrari’s Charles Leclerc (Monacan Driver) finished 2nd position and Red Bull’s Sergio Perez (Mexican Driver) finished 3rd position

About Max Verstappen: 
i.This marks Max Verstappen’s seventh win out of Nine F1 events in 2023 and also marks 42nd F1 win, the fifth highest in F1 games surpassing Brazilian Aryton Senna Da Silva’s 41 victory in F1.
ii.The Spanish Grand Prix, Monaco Grand Prix, Miami Grand Prix, Australian Grand Prix, Bahrain Grand Prix, Canadian Grand Prix, and Austrian Grand Prix are the events won by Max Verstappen in 2023.
Note:
Ferrari’sCharles Leclerc won the 2022 edition of Austrian Grand Prix,while Max Verstappen finished second in that event.
2023 Championship (Driver Standings – As of 2023 Austrian Grand Prix ) 

  • Number of Laps – 71
  • Circuit Length – 4.318km
  • Race Distance – 306.452 km

World Sports Journalists Day 2023 – July 2 World Sports Journalist Day is annually observed all over the world on 2nd July to acknowledge and honour the hard work of sports journalists across the world. The day also commemorates the foundation of the International Sports Press Association (AIPS Association Internationale de la Presse Sportive) in 1924 in Paris, France.
2nd July 2023 marked the 99th Anniversary of the International Sports Press Association (AIPS).
Background:
iWorld Sports Journalists Day was established by the AIPS in 1994 to mark the 70th anniversary of its foundation and celebrate the achievements of members of the sporting media.
ii. To mark the foundation of AIPS, July 2nd each year has been designated World Sports Journalists Day.
iii. The first-ever World Sports Journalists Day was observed on July 2nd 1994.


International Plastic Bag Free Day 2023 – July 3International Plastic Bag Free Day is annually observed across the globe on 3rd July to create awareness about the hazardous effects of single-use plastic bags on the environment.

  • The day is a reminder for individuals and communities globally to decrease their reliance on plastic bags and look for sustainable solutions as an alternative.

Background: 
i.The first International Plastic Bag Free Day was observed on 3rd July 2023, initiated by Rezero, a member of Zero Waste Europe (ZWE).
ii.The first edition took place in Catalonia ,Barcelona, Spain, and later in 2009 ZWE decided to launch it at European level.

  • The European Union(EU), in 2015, passed specific directives to decrease the dependence on single-use plastic bags.

Current Affairs – 2 & 3 July 2023

Government raises interest rates on select small saving schemes by up to 0.3% for Q2 of FY24The Department of Economic Affairs (DEA), Ministry of Finance (MoF) has announced an interest rate hike on selected small savings schemes by up to 0.3%  for the 2nd quarter of the financial year 2023-24 (Q2 FY24) (i.e July 1, 2023-September 30, 2023).

  • The rates are in line with the high-interest rates in the banking system.

Changed Interest Rates:
i.The interest rate for the five-year recurring deposit (RD) has been raised by 30 basis points (bps), resulting in a highest increase of 0.3%. Earlier it was 6.2%, now it is 6.5%.
ii.Interest rate has increased by 10bps for

  • Th One-year term deposits with post offices will now earn 0.1% reaching 6.9% (earlier 6.8%) and,
  • The two years tenor is 7% (earlier 6.9%).

About Ministry of Finance:
Union Minister- Nirmala Sitharaman (Rajya Sabha-Karnataka)
Minister of State- Pankaj Chaudhary; Bhagwat Kishanrao Karad.


MoD signed a contract of Rs. 2725 Cr with MDL for INS Shankush On 30th June 2023, the Ministry of Defence (MoD) signed a contract with the Mazagon Dock Shipbuilders Limited (MDL) for the Medium Refit with Life Certification (MRLC) of the Indian Navy Ship “INS Shankush, a SubSurface Killer (SSK) Class of Submarine.

  • The cost of the overall contract is Rs.2725 crore and the delivery of the Submarine post-MRLC will be in 2026.
  • Under this contract, INS Shankush, a submarine belonging to the SSK Class, will undergo comprehensive renovation and life certification at MDL’s facility in Mumbai, Maharashtra.

Note: INS Shankush belongs to the Shishumar class of Submarines and has a speed of 22 knots.
About the Contract:
iThis contract holds the significant step towards the development of MDL as a Maintenance, Repair & Overhaul (MRO) hub for supporting the industrial ecosystem of India.
ii. The project is set to involve the participation of over 30 Micro, Small, and Medium Enterprises (MSMEs).
iiiIt would lead to employment generation of 1200 man-days per day throughout the project duration.
iv. The INS Shankush project will be a flag bearer of Atmanirbhar Bharat in accordance with the Government of India’s Make-in-India initiative.
Additional Info:
MDL is also currently in the process of finalising an agreement with the United States of America’ s (USA) Navy to provide maintenance and repair services during voyages for its fleet.
About Ministry of Defence (MoD):
Union Minister- Raj Nath Singh (Constituency- Lucknow, Uttar Pradesh)
Minister of State (MoS)- Ajay Bhatt (Constituency- Nainital- Udham Singh Nagar, Uttarakhand)


Power Ministry notified Carbon Credit Trading Scheme 2023 to develop India’s 1st domestic carbon market On 30th June 2023, the Ministry of Power notified the “Carbon Credit Trading Scheme, 2023”, to develop India’s first domestic regulated carbon credit trading market.

  • The scheme was 1st announced under the Energy Conservation (Amendment) Bill, 2022.
  • The scheme was drafted by the Bureau of Energy Efficiency(BEE), a statutory body under the Ministry of Power.

i.The Carbon Credit Trading Scheme, 2023, entails the formation of a National Steering Committee(NSC), a technical committee, an Accredited Carbon Verification Agency and the Central Electricity Regulatory Commission (CERC) as the carbon market regulator.
ii.The National Steering Committee(NSC), constituted of 20-22 members, will be headed by the secretaryMinistry of Power as the ex-officio chairperson while the secretary for the Ministry of Environment, Forest and Climate Change (MoEF&CC) will be co-chairperson.
About Ministry of Power:
Union Minister– Raj Kumar Singh (Constituency- Arrah, Bihar)
Minister of State– Krishan Pal (Constituency- Faridabad, Haryana)


KAPP-3 India’s 1st indigenous 700 MWe Nuclear Reactor commenced commercial operations in GujaratOn 30th June 2023, the 3rd Unit of Kakrapar Atomic Power Project (KAPP) (KAPP-3), India’s first indigenously developed 700 MWe (megawatt electric) Pressurised Heavy Water Reactor (PHWR) (nuclear power reactor), commenced its commercial operations at Kakrapar Site, Gujarat.
Key Points: 
i.The Kakrapar project encompasses the construction of two 700 MW PHWRs: KAPP-3 and KAPP-4.
ii.The Kakrapar Atomic Power Project (KAPP) site also houses two 220 MWe PHWRs (Kakrapar Atomic Power Station(KAPS)-1 and KAPS-2).
iii.The reactor was built by Nuclear Power Corporation of India Limited (NPCIL), a wholly owned public sector undertaking (PSU) of the Government of India under the administrative control of the Department of Atomic Energy (DAE).
Other PHWRs projects: 
iThe physical progress achieved by KAPP 4 unit, as at the end of May 2023 was 96.92% and was by initiating various commissioning activities.
ii. The NPCIL plans to build sixteen 700 MW PHWRs across India, and has granted financial and administrative sanction for the same.
iii. Construction of 700 MW nuclear power plants is under progress at Rawatbhata, Rajasthan in Rajasthan Atomic Power Project (Units 7 and 8) (RAPS 7 and 8) and at Gorakhpur, Haryana in Gorakhpur Haryana Anu Vidyut Pariyojana (Units 1 and 2) (GHAVP 1 and 2).
iv. The Centre has sanctioned building of 10 indigenously developed PHWRs in fleet mode at four locations such as Gorakhpur in Haryana (GHAVP – 3 & 4), Chutka in Madhya Pradesh(Chutka -1&2), Mahi Banswara in Rajasthan (Mahi Banswara – 1&2&3&4) and Kaiga in Karnataka (Kaiga – 5&6).


India stands at 126 rank out of 163 countries in the Global Peace Index According to the 17th edition of the Global Peace Index 2023 released by international think-tank, the Institute for Economics & Peace (IEP), India has ranked at 126th position by climbing nine positions from 2022. The list is topped by Iceland.
India’s position with respect to year 2022
India held the 135th position in 2022 with a score of 2.578, whereas in the current year it has improved to the 126th rank with a score of 2.314.
India’s position with respect to neighbours:

  • India is listed as the 126th country on the list which is far behind few of her neighbours such as Bhutan (17), Maldives (23), Nepal (79), China (80), Bangladesh (88), Sri Lanka (107).
  • Countries like Myanmar (145) &  Pakistan (146) are listed behind India

US Rejoins UNESCO after 5 years

The United States of America (USA) re-joined as a member of the United Nations Educational, Scientific and Cultural Organization (UNESCO) following a vote by the majority of its 193 member states on 30th June 2023. Earlier in June 2023, the USA officially notified its decision to re-join UNESCO in July 2023 on the basis of a concrete financing plan.

  • As per the USA, the decision was motivated by concern, which China is filling the gap left by the USA in UNESCO’s policymaking, notably in setting standards for artificial intelligence (AI) and technology apprenticeship around the world.
  • In 2017, the USA during the presidency of Donald Trump decided to withdraw from the UNESCO.
  • The Joe Biden administration has already requested USD 150 million for the 2024 budget to go toward UNESCO dues and arrears.

Highlights of SEBI Board Meeting: Reduction of public issue listing timelines; Board representation for retail investors under REITS/InvITsOn June 29, 2023, the board of Securities and Exchange Board of India (SEBI) has approved a series of decisions such as the reduction of public issue listing timelines, the introduction of regulations for non-convertible debt securities, and strengthening investor grievance handling mechanisms to improve the market efficiency and investor protection.
Key Points:
The  board has approved the proposal for reducing the time period for listing of shares in a public Issue from the existing six days to three days, from the date of issue closure (T Day). The revised timeline of T+3 days would be made applicable in two phases.

  • The new listing timeframe would be voluntary for all public issues opening on or after September 01, 2023 and mandatory for the ones on or after December 01, 2023.

SEBI board also approves the amendments to the SEBI  infrastructure investment trusts (InvITs) Regulations, 2014 and SEBI real estate investment trusts (REITs) Regulations, 2014 to provide nomination rights to unitholders holding 10% or more of the total outstanding units of the InvIT/REIT, either individually or collectively, on the board of directors of the Investment Manager/Manager.

  • The sponsor who sets up the InvIT/ REIT, monetizes its assets by transferring them to the InvIT/ REIT and exerts control over the decisions of the InvIT/ REIT through a significant shareholding in the Investment Manager/Manager.
  • Currently, SEBI Regulations mandate the sponsor to hold a minimum of 15% units for a period of at least 3 years from the date of listing of units.

World Bank Approves USD1.5 Billion to Support India’s Low-Carbon TransitionOn 29th June 2023, The World Bank granted USD1.5 billion in financing to accelerate India’s development of low-carbon energy sources. This funding aims to assist India in scaling up renewable energy, fostering the growth of green hydrogen, and stimulating climate finance for investments in low-carbon energy.
i. The program’s objectives include scaling up renewable energy supply to reduce costs and improve grid integration.
ii. This will assist India in achieving its target of 500 GW of renewable energy capacity by 2030.
Background:
India, a rapidly growing economy, currently has lower per capita energy consumption compared to the global average. However, as the economy continues to expand, the country’s energy demand is expected to increase significantly. To align with its objective of achieving net-zero emissions by 2070, India aims to gradually phase out the use of fossil fuel-based energy sources.
About World Bank:
Establishment – July, 1944
Headquarters – Washington DC, United States of America(USA)
President – Ajay Banga


ACC re-appointed Tushar Mehta, SGI for the second time and 6 ASGs for Supreme Court, 4 ASGs for High Courts of IndiaOn 30th June 2023, the Appointments Committee of the Cabinet (ACC) approved the re-appointment of Tushar Mehta as Solicitor General of India (SGI) with effect from 1st July 2023 for a period of three years or until further orders, whichever is earlier.

  • This is the 2nd extension granted to Mehta by the government of India.
  • Tushar Mehta has been serving as the SGI since 10th October 2018. In June 2020, he got his 1st extension as SGI for a term of 3 years with effect from 1st July 2020.

About Tushar Mehta:
iTushar Mehta, born on May 5, 1962, in Gujarat started his career as a lawyer in 1987.
ii. In 2007, the High Court of Gujarat named him a senior lawyer. In 2008, he was appointed as Additional Advocate General
iii. In 2014, he received a promotion to Additional Solicitor General of India.
iv. He was also the Special Public Prosecutor in the 2G spectrum matter and related cases.
Reappointment of Additional SGI – Supreme Court of India:
iThe ACC also approved the re-appointment of 6 Additional Solicitors General (ASG) for the Supreme Court of India for a period of 3 years namely:

  • Vikram Banerjee, K.M. Nataraj as Additional SGI with effect from 1st July 2023; Balbir Singh and S.V. Raju, N. Venkataraman and Aishwarya Bhati as Additional SGI with effect from 30th June 2023.

Note: However, the terms of the ASG’s namely Madhavi Diwan, Sanjay Jain and Jayant K Sud was ended and their names did not feature in the list of re-appointed law officers.
Reappointment of Additional SGI of the High Court: 
The ACC also issued an order of re-appointing 4 ASG’s in the High Courts of India for a period of 3 years namely:

  • Chetan Sharma, Additional SGI, High Court of Delhi with effect from 1st July 2023;
  • Satya Pal Jain, Additional SGI, High Court of Punjab & Haryana with effect from 1st July 2023;
  • Dr. Krishna Nandan Singh, Additional SGI, High Court of Patna with effect from 1st July 2023; 
  • Devang Girish Vyas, Additional SGI, High Court of Gujarat with effect from 30th June 2023.

About Appointment Committee of the Cabinet (ACC):
Established in- 26 January 1950
Chairperson- Narendra Modi (Prime Minister of India)
Headquarters- New Delhi, Delhi


Appointment of Rajib Kumar Mishra as CMD approved by PTC India shareholders

On 28th June 2023, the PTC (formerly known as Power Trading Corporation of India Limited) India shareholders passed resolutions relating to the appointment of Rajib Kumar Mishra as the company’s Chairman and Managing Director (CMD) with requisite majority votes at the seventh Extra Ordinary General Meeting (EGM).

  • Rajib Kumar Mishra has been appointed as the CMD in PTC India with effect from March 29, 2023, when he was under a regulatory cloud following resignations of multiple independent directors due to issues in both PTC and its subsidiary PTC India Financial Services Ltd (PFS).
  • As per the voting result, 77.71% of votes were in favour of the ordinary resolution and 22.29% against the proposal.

Virgin Galactic completed first manned mission to space

On 29th June 2023, Virgin Galactic, the space the company founded by United Kingdom entrepreneur Richard Branson, successfully completed its first manned mission to the edge of space. The mission featured Colonel Walter Villadei and Lieutenant Colonel Angelo Landolfi, two Italian Air Force personnel funded by Virgin Galactic with three Virgin Galactic crew members.

  • The Mission started at the Virgin Galactic spaceport in New Mexico, where the passengers were securely attached beneath the wing of the enormous twin-fuselage mothership known as Virgin Mother Ship (VMS) Eve.
  • The VSS unity ignited its rocket engine and ascended more than 80 kilometres above Earth’s surface, reached the altitude recognised as the edge of outer space by the Government of the United States of America.

2023 Lausanne Diamond League: Neeraj Chopra wins in javelin throw with 87.66m throwTokyo 2020 Olympic Gold medallist Neeraj Chopra won the gold medal at the Lausanne Diamond League 2023 (officially known as Lausanne Diamond League Athletissima 2023), held from June 29 to 30 at Stade Olympique de la Pontaise in Lausanne, Switzerland.

  • Neeraj Chopra recorded a throw of  87.66 meters(m), Germany’s Julian Weber finished second with the throw of  87.03m and Tokyo Olympics silver medallist Jakub Vadlejch of Czech Republic finished third with the throw of 86.13m.

Key points:
i.Neeraj Chopra earned 8 points from the Lausanne leg of the Diamond league.He earned 16 points including the Doha leg to lead the 2023 Diamond League qualification rankings in men’s javelin throw.
ii.In Diamond leagues, Athletes are awarded points instead of medals and the top eight athletes at the end of the Diamond league will qualify for the Diamond League Finals.

  • The Diamond league 2023 season finals will be held in Eugene on the 16th & 17th September 2023.Lausanne Diamond League is the 11th round of the 2023 Diamond League series.

Note:
In September 2022, Neeraj Chopra became the first Indian to win a Diamond League title by winning the Zurich Diamond League Final 2022 with a best throw of 88.44m.
Murali Sreeshankar finished fifth in the men’s long jump
i.India’s Murali Sreeshankar finished fifth in the  men’s long jump event at the 2023 Lausanne Diamond League with a jump of  7.88 metres(m).
ii.The 24-year-old Sreeshankar finished 3rd place in his maiden Paris Diamond League 2023 with the jump of 8.09m on 9th June 2023.
About Diamond League:
i.The Diamond League is a series of athletic meets, comprising track and field events, held annually from 2010, organised by Monaco headquartered World Athletics.
ii.It was established to replace the International Amateur Athletic Federation IAAF Golden League, which had been held since 1998.
iii.The 2023 Diamond League is the 14th edition,which is being held from May 5, 2023- September 17, 2023.


Alan Arkin, Oscar-winning ‘Little Miss Sunshine’ actor, dies at 89On June 29 2023, Veteran United States(US) actor Alan Arkin, who received four Academy Award nominations and won an Oscar passed away in Carlsbad, California, United States of America(USA)at the age of 89.

  • He demonstrated his versatility from farcical comedy to chilling drama.

Early life:
i.He was born on 26th March 1934 in Brooklyn, New York, United States of America.
ii.He began his career in theater on Broadway, New York before entering into television and film roles.
iii.He won the Tony Award for best actor for the play Enter Laughing in 1963.
Notable works and awards:
i.Arkin won his Oscar for his supporting performance in the indie comedy “Little Miss Sunshine” in 2007.
ii.He starred in films including “Catch-22”, “Edward Scissorhands” and “Argo,” and series like “BoJack Horseman.”
iii.His most recent role was on Netflix’s “The Kominsky Method,” where he earned two Emmy nominations.
iv.Arkin earned two Screen Actors Guild Awards, a Golden Globe Award,  and British Academy Film Award.
v.He also received multiple Oscar nominations, including for his first film “The Russians Are Coming, The Russians Are Coming” in 1967 and for “The Heart Is a Lonely Hunter” in 1969.

National Doctor’s Day 2023 – July 1     National Doctor’s Day is annually observed across India on 1st July to appreciate and honour the valuable contributions of doctors and healthcare professionals in India. This day also gives an opportunity to thank doctors for their selfless service and efforts for the well-being of the people in India.

  • The day also commemorates the birth as well as the death Anniversary of Bharat Ratna Dr. Bidhan Chandra Roy (BC Roy), a physician and one of the most influential designers of India’s contemporary healthcare system.
  • The national observance of Doctor’s Day across India is led by the Indian Medical Association (IMA).

The theme for National Doctor’s Day 2023 in India is – “Celebrating Resilience and Healing Hands”.
Background:
iIn India, the celebration of National Doctor’s Day was initiated by the Indian Medical Association (IMA) for the first time on 1st July 1991.
ii. Since 1991, the day has been celebrated as a significant occasion to honour and appreciate the invaluable contributions of doctors, promote medical awareness, and encourage the well-being of the medical community.
About Indian Medical Association (IMA):
Started in- 1928
National President- Dr. Sharad Kumar Agarwal
Headquarters- New Delhi, Delhi


75th National Chartered Accountants Day – 1st July 2023The National Chartered Accountants (CA) Day is annually observed across India on 1st July to commemorate the establishment of the Institute of Chartered Accountants of India (ICAI) on 1st July 1949. It is also known as ICAI Foundation Day which honors the work of all Chartered Accountants.

  • 1st July 2023 marks the 75th anniversary of the ICAI.

Theme for 2023:
The theme for the year 2023 is ‘Empowering Financial Excellence’.
Event 2023:
i.To commemorate the 75th anniversary, President of India Droupadi Murmu attended the CA foundation day and launched the new syllabus at Siri Fort Auditorium, New Delhi, Delhi

  • The syllabus is in formulation with the new Scheme of Education and Training in lines with International Education Standards and National Education Policy, 2020 (NEP).

ii.The ICAI postal stamp was launched to commemorate the start of 75th CA day celebrations.
About ICAI:
President- Aniket Sunil Talati
Headquarters- New Delhi


6th Goods and Services Tax Day – 1st July 2023 Goods and Services Tax (GST) Day is annually observed on 1st July to commemorate the implementation of the GST system, a comprehensive indirect tax levied on the supply of goods and services in India.

  • 1st July 2023 marks the observance of the 6th GST Day which commemorates the 6th anniversary of GST coming into force (1st July 2017).

Background:
i.On 1st July, 2017, GST laws were implemented, replacing multiple indirect taxes such as excise duty, service tax, value-added tax (VAT), and others levied by the Central and State Governments.
ii.On 30th June 2018, the Government of India announced the decision to celebrate the 1st July of every year as the GST Day.
iii.The first-ever GST day was observed on 1st July 2018, which marked the first anniversary of GST coming into force.
About GST Council :-
As per Article 279A (4), the GST Council will make recommendations to the Union and the States on important issues related to GST, like the goods and services that may be subjected or exempted from GST, model GST Laws, principles that govern Place of Supply, threshold limits.

  • Chairperson of GST Council is Union Finance Minister Smt.Nirmala Sitharaman

Anurag Verma appointed as New Chief Secretary of Punjab

On 1st July 2023, Anurag Verma, a senior Indian Administrative Service (IAS) officer took charge as the 42nd chief secretary of

Current Affairs – 1 July 2023

MoS for Panchayati Raj Kapil Moreshwar Patil released Report on Panchayat Development Index On 28th June 2023, Kapil Moreshwar Patil, Minister of State (MoS) for the Ministry of Panchayati Raj(MoPR) released the Report on Panchayat Development Index(PDI) during the National Workshop on PDI held at Vigyan Bhawan, New Delhi, Delhi.
About PDI Report: 
i.PDI was formulated to evaluate different indicators responsible for ensuring targeted development in villages.
ii.PDI Report comes with 144 local targets, 577 local indicators and 688 data points on 9 themes of Localization of Sustainable Development Goals (LSDGs), which aggregates the 17 Sustainable Development Goals(SDGs) of the United Nations.
Pilot PDI: 
On a pilot basis, data from 4 districts (Pune, Sangli, Satara and Solapur) of Maharashtra were compiled.
i.The PDI ranks panchayats on the basis of scores and categorises them into different grades

  • Panchayats with scores above 90% will be categorised as A+, 75 to 90% will be grade A, 60-75% will be grade B, 40-60% will be grade C and below 40% will be grade D.

About Ministry of Panchayati Raj(MoPR): 
Union Minister– Giriraj Singh (Constituency- Begusarai, Bihar)
Minister of State– Kapil Moreshwar Patil (Constituency- Bhiwandi, Maharashtra)


Major changes regarding Tax Collected at Source (TCS) & Liberalised Remittance Scheme (LRS) On 28th June 2023, the Ministry of Finance announced that there will be no changes in the rate of Tax Collection at Source (TCS) for all purposes under Liberalised Remittance Scheme (LRS) and for overseas travel tour packages, regardless of the mode of payment, for amounts up to Rs 7 lakh per individual per annum.

  • It was also announced that more time will be provided for the implementation of the revised TCS rates and also for the inclusion of credit card payments in LRS.

i.A threshold of Rs. 7 Lakh per financial year per individual in clause (i) of sub-section (1G) of section 206C shall be restored for TCS on all categories of LRS payments, through all modes of payment, regardless of the purpose:

  • Therefore, for first Rs 7 Lakh remittance under LRS there shall be no TCS.
  • Beyond the Rs 7 Lakh threshold, TCS shall be 0.5% for remittance for education financed by education loan; 5% for remittance for education or medical treatment and 20% for others.

ii.For the purchase of overseas tour program packages under Clause (ii) of Sub-section (1G), the TCS shall continue to apply at the rate of 5% for the first Rs 7 lakhs per individual per annum.

  • 20% rate will only apply for expenditures above Rs 7 lakh per individual per annum.

The changes in the TCS rates which were set to be implemented with effect from 1st July 2023 will now come into effect from 1st October 2023 with the above-mentioned modifications.
About Ministry of Finance: 
Union Minister– Nirmala Sitharaman (Rajya Sabha- Karnataka)
Minister of State– Dr Bhagwat Kishanrao Karad; Pankaj Chaudhary


Tamil Nadu becomes India’s Top Electronics Exporter of FY23 with the export worth USD5.37 billion

According to the Export data released by the government of India for FY23 (financial year ended in March 2023), Tamil Nadu (TN) becomes India’s leading exporter of Electronic goods in FY23, with exports reaching USD5.37 billion (bn), nearly triple the export of FY22 (USD 1.86 bn).

  • Tamil Nadu is followed by Uttar Pradesh (UP) in the 2nd place with export worth USD 4.90 bn and Karnataka in 3rd place with USD 4.52 bn.
  • For the 1st time, TN has overtaken UP, Karnataka and Maharashtra to top the list as India’s leading exporter of electronic goods.
  • Production from the companies like Tata Electronics and Pegatron helped TN to climb the top spot from the 4th spot in FY22 in the electronics sector.

Note: In FY22, Karnataka topped the list with USD 3.87 bn; followed by UP with USD 3.77 bn; Maharashtra with USD 2.08 bn.
Key Points:
iNow in Tamil Nadu, there are over 15 leading electronics manufacturers, including Foxconn, Tata Electronics, Salcomp and Pegatron.
Note: Tamil Nadu aimed to achieve a USD 100 bn electronics system design and manufacturing industry in the next five years.


Ministry of New & Renewable Energy Unveils Guidelines for National Green Hydrogen MissionOn 30th June 2023, the Ministry of New & Renewable Energy (MNRE) announced comprehensive guidelines for promoting the manufacturing of electrolysers and the production of green hydrogen which is a part of the National Green Hydrogen Mission. These guidelines have been introduced to expedite the adoption of green hydrogen technology in India, leading to a sustainable and clean energy future.
The framework document outlines two components for the implementation of the “Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme.
i. Component 1 has been allocated a significant amount of 4,440 crore for the manufacturing of electrolysers from FY26 to FY30.
ii. Component 2, on the other hand, has received an allocation of Rs.13,050 crore for green hydrogen production during the same period.
About Ministry of New & Renewable Energy:
Cabinet Minister – Raj Kumar Singh (Constituency : Arrah in Bihar)
Ministers of State – Bhagwanth Khuba


Annual Hemis Tsechu Festival concludes at Ladakh

The annual two day Hemis Tsechu Festival is celebrated by Hemis Gompa (monastery) from 28th June to 29th June 2023 in Leh, Ladakh on the birth anniversary of Guru Padmasambhava to commemorate his life and works, who is referred to as Guru Rinpoche.
About the festival:
i.Hemis Tsechu Festival celebrating Guru Padmasambhava, in which monks wear masks and dance to the rhythm of cymbals and long horns.
ii.The main celebration of the festival is the chaam dance performed by monks to commemorate the victory of good over evil and to bless the land with renewed life and fertility.
iii.This festival also marks the opening of Guru Padmasambhava’s silk thangka (Tibetan painting) on the occasion of Monkey Year in the Tibetan Calendar, which falls every 12 years.
About Guru Padmasambhava:
Guru Padmasambhava lived in the late 8th century, introducing tantric Buddhism to the Himalayan kingdom. He preached to people with his famous eight avatars.
About Union Territory of Ladakh:
Lieutenant Governor – B. D. Mishra
Formation year – 31 October 2019


Hurun Institute’s ASK Private Wealth Hurun India Future Unicorn Index 2023: Witnessed slowdown in the Indian start-up ecosystemOn 27th June 2023, The Hurun Research Institute released the ASK Private Wealth Hurun India Future Unicorn Index 2023, a ranking of India’s start-up ecosystems worth at least USD 200 million, and the new additions in the unicorn list reveals a significant decline in 2023, indicating a slowdown in the Indian start-up ecosystem. The cut-off date was 31 May 2023.

  • In 2023, India added only three unicorn start-ups having a valuation of over USD 1 billion compared to 24 (turned Unicorns from the list) in 2022 pointed at a distinct slowdown.
  • The important factor contributing to this decline is the drop in the Investor interest, also termed as “Funding Winter”.

About Hurun India:
Launched in- 2012
Founder and MD– Anas Rahman Junaid
Headquarters- Mumbai, Maharashtra


Tata AIA Revolutionizes Insurance Payments with WhatsApp and UPI IntegrationOn 28th June, 2023, Tata AIA, the life insurance arm backed by Tata Group, has introduced a groundbreaking feature in the insurance industry by enabling digital payments through WhatsApp and Unified Payment Interfaces (UPI) which allows policyholders to make instant premium payments using these popular platforms, providing a hassle-free experience. This move showcases Tata AIA’s commitment to leveraging technology and enhancing customer satisfaction.
Key Points:
i. The new feature ensures that both tech-savvy and non-tech-savvy consumers can easily pay their premiums digitally and receive quick confirmation and acknowledgment.
ii. The collaboration with WhatsApp and PayU has resulted in the development of an in-house intelligent platform, significantly enhancing the consumer experience and transactional ease.
iii. Tata AIA’s bottom-up approach, combined with technology, enables a deep understanding of customer needs and continuous service improvement.
India’s widespread usage of WhatsApp and UPI as messaging and payment platforms makes this move by Tata AIA particularly significant. With nearly 500 million WhatsApp users and over 300 million UPI users, Tata AIA ensures that policyholders can conveniently use their preferred platforms for premium payments.
Additional Info:
Tata AIA has also implemented an analytics-driven approach to enhance renewal premium collections. The company offers multiple digital channels for premium collections and supports five languages, including English, Hindi, Tamil, Gujarati, and Bengali.
About Tata AIA Life Insurance:
MD & CEO – Mr. Naveen Tahilyani
Headquarters –  Mumbai
Established –  2001


UST Joins Project Rosalind to Develop API Prototypes for CBDCOn 28 June 2023, Digital Transformation Solutions Provider UST joined Project Rosalind, an initiative led by the Bank for International Settlements (BIS) and the Bank of England (BoE) to develop Application programming interface (API) prototypes for central bank digital currencies (CBDC).

  • The project aims to explore the potential impact of CBDCs on various sectors and to develop a well-designed API layer that can enable interaction between a central bank ledger and private sector service providers for safe and efficient retail CBDC payments.

About Project Rosalind:
Project Rosalind has advanced central bank innovation by exploring the role of API layers in supporting retail CBDC systems and facilitating safe and secure CBDC payments through various use cases.
Key Points:
UST collaborated with BIS and BoE to develop an API layer comprising 33 API endpoints grouped into six functional categories. The project has demonstrated the potential of API layers to securely distribute CBDCs through private sector service providers.
i. UST has joined Project Rosalind to develop API prototypes for CBDC.
ii. The project has demonstrated the potential of API layers to securely distribute CBDCs through private sector service providers.
iii. Project Rosalind has advanced central bank innovation by exploring the role of API layers in supporting retail CBDC systems.
About Bank for International Settlements (BIS):
The Bank for International Settlements (BIS) is an international financial institution that serves as a bank for central banks.
Chairperson – François Villeroy de Galhau
Established – 1930
Headquarters – Basel, Switzerland.
About UST:
Headquarters – California, United States of America (USA)
Executive Chairman – Paras Chandaria


Kotak Bank partnered with NPCI to offer Rupay Credit Cards on UPI

Kotak Mahindra Bank Limited (KMBL/Kotak) partnered with the National Payments Corporation of India (NPCI) to introduce the facility of linking its RuPay Credit Card to Unified Payments Interface (UPI) with UPI-enabled apps. The Kotak RuPay Credit Card will be linked to Virtual Payment Address (VPA), an UPI ID.

  • The UPI ID enables safe and secure payment transactions and the customers are no longer needed to carry their physical credit card.
  • Customers of KMBL can select from 7 RuPay Credit Cards and scan Quick Response (QR) code or perform transaction on Point of Sale (POS) throughout India.
  • The linkage will also provide customers with reward and an interest-free credit period of up to 50 days.

Paytm partnered with Shriram Finance to increase digital Financial Services and boost Loan distribution

On 30th June 2023, Paytm announced a strategic partnership with Shriram Finance, a non-banking finance company (NBFC) of the Chennai (Tamil Nadu)-based Shriram group to extend financial services to its users, including loan products and other Shriram Finance products on Paytm’s platform digitally.

  • This partnership combines Paytm’s wide reach and technology framework with Shriram Finance’s lending expertise as the largest retail NBFC in rural areas of India.
  • This strategy supports Paytm’s leadership as a loan service provider (LSP) focussing on compliance and quality of loans.

NASSCOM signed MoU with MIDAS & MAG to set up 1st launch pad in UK for Indian tech SMEs On 29th June 2023, The National Association of Software and Service Companies (NASSCOM), the leading organisation representing India’s technology industry, has signed a Memorandum of Understanding (MoU) with MIDAS (Manchester’s Inward Investment Agency) and MAG (Manchester Airports Group) to establish first NASSCOM launch pad in the United Kingdom (UK) to promote innovation, investment, and technological exchange between Greater Manchester (UK), and India.

  • Under this MoU, Small and medium-sized enterprises (SMEs) Indian tech companies seeking to establish their presence in Greater Manchester (the UK) will have the opportunity to access 180 days of rent-free office space within Manchester Airport’s premises.

Note: MAG is the largest group of airports in the UK, operating Manchester, London Stansted and East Midlands Airport. It also has a digital travel services business, called ‘Ceiling and Visibility Unlimited’ (CAVU).
Background:
iThe MoU is an outcome of NASSCOM’s visit to the UK in September 2022, supported by the Department of Business and Trade, Government of UK.
Note: The collaboration was initiated following the success of similar initiatives in Canada.
About the Collaboration:
iThe companies will also be assisted in terms of ecosystem connections, introductions to stakeholders, and other supportive measures to facilitate a “Faster Go-To-Market” approach.
ii. NASSCOM will actively promote this proposition among its membership base and this collaboration is a positive demonstration to facilitate trade ties on the ground, especially when both UK and India are at an advanced stage of Free Trade Agreements (FTAs) negotiations.
Benefits:
iThis initiative will help lower initial set up costs for SMEs and enhance their credibility in the UK market.
ii. This new agreement has the potential to unlock significant opportunities for collaboration across trade and investment.
Note: About 7 Indian companies will be setting up their operations in the 1st phase of this pilot project.
Key Points:
iThe companies participating in the NASSCOM launchpad will be housed within 4M, an office suite at Manchester Airport, where CAVU is also based, along with a number of other businesses.
Note: The 4M is a method that allows to identify and group causes that impact to a specific effect. 4M categories (Material, Method, Machine, Man (Workforce))
ii. The NASSCOM delegation presently in the UK comprises of 25 Tech SMEs and is scheduled to visit locations such as Manchester, Birmingham and Bristol, other than London in the UK, to understand the unique value proposition offered by each location.
About National Association of Software and Service Companies (NASSCOM):
Established in- 1988
Chairperson- Anant Maheshwari
President- Debjani Ghosh
Headquarters- Noida, Uttar Pradesh


Mary Kom Named Global Indian Icon at UK-India AwardsFormer Rajya Sabha member and India’s first-ever Olympic medallist in women’s boxing, Mary Kom, 40 has been honoured with the Global Indian Icon of the Year award at the annual The United Kingdom(UK) -India Awards in Windsor, south-eastern England.

  • She received the award from Indian High Commissioner to the UK Vikram Doraiswami and shared her remarkable 20-year journey filled with dedication and unwavering commitment to the sport of boxing.

Other awards:
i.Oscar-nominated ‘Elizabeth: The Golden Age’ director Shekhar Kapur got a Lifetime Achievement Award for his contributions to cinema in both countries at the awards, organised by India Global Forum (IGF) as part of UK-India Week.
ii.The Indian High Commission’s cultural arm, the Nehru Centre in London, received the UK-India Award for Significant Contribution to UK-India Relations.
iii.The Federation of Indian Chambers of Commerce & Industry (FICCI) UK received the UK-India Award for Business Promotion Organisation for 2023
iv.Other honours were Consulting Firm of the Year for SannamS4, Legal Practise of the Year for Cyril Amarchand Mangaldas, Financial Services Organisation of the Year for ICICI Bank UK Plc, Market Entrant of the Year went to startup investing platform CrowdInvest, Action Aid UK won the award for the social impact project of the year, while Mphasis was awarded the technology company of the year.
Note: The awards, currently in their fifth year, honour outstanding leadership in business, professional services, government, culture, and social impact, showcasing their noteworthy accomplishments in fostering cross-border ties.


GoI Extends Brajendra Navnit’s Tenure As India’s Ambassador To WTOOn 28th June 2023, the Government of India(GoI) extended the tenure of Brajendra Navnit as Ambassador and Permanent Representative of India to the World Trade Organization (WTO) by 9 months beyond 28th June 2023 and upto March 31, 2024 or until further orders.

  • The Appointments Committee of Cabinet (ACC) charied by Narendra Modi, Prime Minister of India, has approved the proposal of Department of Commerce for extension in tenure of foreign deputation of Brajendra Navnit

About Brajendra Navnit: 
i.Brajendra Navnit, a 1999 batch Indian Administrative Service (IAS) officer of Tamil Nadu Cadre, has been serving as the Ambassador and Permanent Representative of India to WTO since June 2020.
ii.He has served at various leadership roles at district and state level in Tamil Nadu and also serve the GoI at New Delhi, Delhi .
iii.He has also worked in the Ministry of Finance, Department of Economic Affairs as Deputy Secretary (Budget), Director in the Prime Minister’s Office (PMO) and Joint Secretary to the Prime Minister(PM).
iv.During his tenure at the Ministry of Finance, he authored the 1st edition of the Government Debt Paper, which comunicated the consolidated General Government Debt  of the Federal and State Governments to multilateral organizations and sovereign credit rating agencies.
About World Trade Organization (WTO):
Director-General-  Ngozi Okonjo-Iweala
Headquarter- Geneva, Switzerland
Established – 1995


TS Singh Deo appointed Chhattisgarh deputy CM

On 28th June 2023, Senior Congress leader and Chhattisgarh health minister TS Singh Deo, 70 has been appointed as the state’s deputy chief minister(CM), by Congress chief Mallikarjun Kharge at the Congress headquarters in Delhi.
About TS Singh Deo:
i.Also known as modern-day Maharaja, Tribhuvaneshwar Saran Singh Deo (TS Singh Deo) is the titular Maharaja of Chhattisgarh’s Surguja, was first elected as a member of the state’s legislative Assembly in 2008.
ii.Deo also served as the Leader of the Opposition in the 4th Vidhan Sabha of Chhattisgarh.
iii.An MLA from Ambikapur constituency, Deo is currently holding Health and Family Welfare, Medical Education, Twenty Point Implementation and Commercial Tax  (GST) portfolios.


Chennai gets India’s first ‘Police Drone Unit’

On 29th June 2023, The Greater Chennai Police(GCP) launched the ‘Police Drone Unit’, the first in India, for aerial surveillance in Chennai, Tamil Nadu.
The unit, has a total of 9 drones under three categories – Quick Response Surveillance drones, heavy-lift multi-rotor drones, and Long Range Survey wing plane.

  • The unit established at a cost of Rs 3.6 crore was inaugurated by Tamil Nadu Director General of Police (DGP) C Sylendra Babu and Greater Chennai Police Commissioner Shankar Jiwal at Besant Nagar Avenue, Adyar in Chennai.

i.Established at a cost of Rs 3.6 crore, these drones are equipped with built-in artificial intelligence (AI) facilities and can be operated upto 5-10km from the ground station.
ii.The drones have thermal object imaging facility and helps in night patrolling.
iii.It also helps to monitor isolated places as well as uniting of anti-social elements.
iv.Also, the drones are equipped with ANPR (automatic number plate registration) cameras which helps to check vehicles registration data.

International Asteroid Day 2023 – June 30 The United Nations (UN)’s International Asteroid Day is annually observed across the world on 30th June to raise public awareness about the asteroid impact hazard and to inform the public about the crisis communication actions to be taken at the global level in case of a credible Near-Earth Object (NEO) threat.
Background:
iIn December 2016, the United Nations General Assembly (UNGA) adopted the resolution, A/RES/71/90 and proclaimed the 30th June of every year as the International Asteroid Day.
ii. The observance of the day was based on a proposal by the Association of Space Explorers, which was endorsed by the Committee on the Peaceful Uses of Outer Space (COPUOS).
iii. The first-ever International Asteroid Day was observed on 30th June 2017.
About United Nations Office for Outer Space Affairs (UNOOSA):
Note: Aarti Holla-Maini appointed as Director of UNOOSA on 28th June 2023.
Established in- 13 December 1958
UNOOSA Acting Director- Niklas Hedman
Headquarters- Vienna- Austria


International Day of Parliamentarism 2023 – June 30 The United Nations(UN)’s International Day of Parliamentarism is annually celebrated across the globe on 30 June to celebrate Parliaments and the ways in which parliamentary systems of government improve the day-to-day lives of people across the world.

  • The day also marks the anniversary of the foundation of the Inter-Parliamentary Union (IPU), the global organization of national parliaments, founded on 30th June 1889.
  • 30th June 2023 marks the 134th anniversary of IPU.

The theme of  International Day of Parliamentarism 2023 is “Parliaments for the Planet”. 

  • The 2023 theme focus on climate action and emphasis that ‘climate action starts at home’.

IPU’s campaign for International Day of Parliamentarism 2023:
The IPU-launched campaign “Parliaments for the Planet” to mobilize parliaments and parliamentarians to act on the climate emergency.
About Inter-Parliamentary Union (IPU): 
President- Duarte Pacheco
Secretary General- Martin Chungong
Headquartered- Geneva, Switzerland


Versova-Bandra Sea Link & Mumbai Trans Harbour Link To Be Renamed

On 28th June 2023, The Maharashtra Cabinet approved the renaming of two infrastructure projects in Mumbai after Vinayak Damodar Savarkar and former Prime Minister Atal Bihari Vajpayee.
i.The 17-km Versova Bandra Sea Link (VBSL) which connects Andheri to the Bandra-Worli Sea Link and a part of the coastal road project will be renamed as ‘Veer Savarkar Setu’ after Savarkar.
ii.The Mumbai Trans Harbour Link (MTHL)which connects Mumbai to Navi Mumbai, expected to be India’s longest sea bridge upon completion by December 2023, will be renamed as ‘Atal Bihari Vajpayee Smruti Sewree Nhava Sheva Atal Setu‘ after Vajpayee.
Note: The announcement was made on 28th May 2023, the 140th birth anniversary of Savarkar by Maharashtra Chief Minister Eknath Shinde.


QCI and Odisha Government Launched Odisha Gunvatta Sankalp in Bhubaneswar

On 26th June 2023, the Government of Odisha, in collaboration with the Quality Council of India (QCI) and industry associations such as Associated Chambers of Commerce & Industry of India(ASSOCHAM), Federation of Indian Chambers of Commerce & Industry(FICCI), Engineering Export Promotion Council of India(EEPC),Odisha Assembly of Small and Medium Enterprises (OASME), PHD Chamber of Commerce and Industry (PHDCCI) , Central Institute of Petrochemicals Engineering & Technology (CIPET), and Federation of Hotel & Restaurant Associations of India(FHRAI), launched the Odisha Gunvatta Sankalp (Odisha Quality Mission) in Bhubaneswar, Odisha.

  • The objective is to promote and prioritize quality across various sectors in the state of Odisha.

Current Affairs – 30 June 2023

Cabinet Approvals on June 28 2023On June 28, 2023, the Union Cabinet chaired by the Prime Minister (PM) Narendra Modi has given its approval for multiple initiatives and they are as follows.
Key Points:
i.The Union Cabinet chaired by PM Narendra Modi approved the ratification of the Headquarters Agreement (HQA) between the Government of India (Gol) and the Coalition for Disaster Resilient Infrastructure (CDRI) which was signed on 22nd August 2022.
ii.The Union Cabinet, approved the introduction of the National Research Foundation (NRF) Bill, 2023 in the Parliament.
iii.Continuation of the Urea Subsidy Scheme was approved by the CCEA to ensure constant availability of urea to the farmers at the same price of Rs 242/ 45 kg bag excluding taxes and neam coating charges.
iv.GoI has approved assistance of Rs. 1451.84 crore for Market Development Assistance (MDA) for promoting Organic Fertilizers from Gobardhan Plants.
v.CCEA has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2023-24 (October – September) at Rs 315/qtl for a basic recovery rate of 10.25%.


7 Handicrafts Products of Uttar Pradesh Get Geographical Indication TagGeographical Indication Registry(Chennai, Tamil Nadu-TN) under the Department of Industry Promotion and Internal Trade(DIPIT), Ministry of Commerce and Industry(MoCI), has recognised 7 Handicrafts products from Uttar Pradesh with Geographical Indication (GI) Tag.
The 7 products are

  • Amroha Dholak.
  • Kalpi Handmade Paper.
  • Baghpat Home Furnishings.
  • Barabanki Handloom Product.
  • Mahoba Gaura Patthar Hastashlip.
  • Mainpuri Tarkashi.
  • Sambhal Horn Craft.

With the addition of these 7 new products, the total number of GI-certified products of UP has increased to 52.
About Uttar Pradesh(UP):
Chief Minister– Yogi Adityanath
Governor– Anandiben Patel
Bird Sanctuary– Parwati Arga Bird Sanctuary; Lakh-Bahosi Bird Sanctuary
Festival– Janmashtami; Taj Mahotsava


First-Ever Report on Critical Minerals Unveiled by Union Minister Pralhad Joshi

On 28th June 2023, Shri Pralhad Joshi, the Union Minister of Mines, released the first-ever report on “Critical Minerals for India” which was constituted by the Ministry of Mines. This landmark report identifies 30 essential minerals crucial to sectors such as defence, agriculture, energy, pharmaceuticals, and telecom. The comprehensive list marks a significant milestone for India, aligning with the nation’s Atma Nirbhar Bharat (self-reliance) roadmap.
List of identified minerals: Antimony, Beryllium, Bismuth, Cobalt, Copper, Gallium, Germanium, Graphite, Hafnium, Indium, Lithium, Molybdenum, Niobium, Nickel, PGE, Phosphorus, Potash, REE, Rhenium, Silicon, Strontium, Tantalum, Tellurium, Tin, Titanium, Tungsten, Vanadium, Zirconium, Selenium and Cadmium.
About Ministry of Mines:
Cabinet Minister – Shri Pralhad Joshi (Constituency : Dharwad in Karnataka)
Ministers of State – Shri Danve Raosaheb Dadarao


Swachh Survekshan 2023: MoHUA launched Field Assessment for 8th edition of World’s Largest Urban Cleanliness Survey On 27th June 2023, the Ministry of Housing and Urban Affairs (MoHUA) launched the Field Assessment for the 8th edition Swachh Survekshan (SS) 2023 – Mera Shehar, Meri Pehchan. SS 2023 survey is expected to engage with approximately 10 crore citizens and making it the world’s largest annual urban cleanliness survey.

  • Under SS 2023, around 3,000 assessors will take the field for assessment from 1 July 2023 and will evaluate over 4500 cities across 46 indicators. It is expected to be completed within a month.
  • SS 2023 was rolled out on 24th May 2022 with telephonic feedback from citizens on various parameters of city cleanliness.

About Ministry of Housing and Urban Affairs (MoHUA):
Union Minister- Hardeep Singh Puri (Rajya Sabha Uttar Pradesh)
Minister of State (MoS)- Kaushal Kishore (Constituency- Mohanlalganj, Uttar Pradesh)


MoU signed between Ministry of Culture and Canara Bank to Enhance Financial Support for Veteran ArtistsOn 28th June 2023, the Ministry of Culture signed a memorandum of understanding (MoU) with Canara Bank to streamline the process and disbursal of financial assistance to veteran artists on monthly basis under the “Scheme for Financial Assistance for Veteran Artists”.

Background:
i.Ministry of Culture administers a Scheme namely “Financial Assistance for Veteran Artists” and provides financial assistance of Rs. 6000 per month under the scheme to artists and scholars above the age of 60 years who have contributed significantly in their specialized fields of performing arts and culture in their active age or are still contributing, but due to old age they are facing difficulty and are in penury condition.
ii. The pension is designed to alleviate financial difficulties experienced by these artists in their later years.
iii.Currently, under the scheme, disbursal of financial assistance in respect of artists selected before 2017 is made through LIC while for the artists approved post 2017, it is made directly by the Ministry of Culture.
iv.Unfortunately, delays in receiving necessary documents from beneficiaries often resulted in the disbursal of a lump sum amount rather than regular monthly payments.
Purpose of MoU:
In an effort to streamline the process and ensure timely support to veteran artists, the Culture Ministry has now partnered with Canara Bank.
Expected Outcomes:

  • This transformative change in the disbursal method is expected to bring much-needed stability and financial security to veteran artists who have dedicated their lives to enriching the cultural landscape of the nation.

About Canara Bank:
MD & CEO – K Satyanarayana Raju
Established in – 1906
Headquarters – Bengaluru
Tagline – Together we Can


ARAI awards Automotive PLI certificate to Mahindra Last Mile Mobility

Mahindra Last Mile Mobility (LMM), a division of Mahindra & Mahindra Ltd (M&M), becomes first firm to receive the eligibility certificate under the Rs. 25,938-crore production-linked incentive scheme for automobiles (PLI-AUTO)

  • The Automotive Research Association of India (ARAI), a testing agency under the Ministry of Heavy Industry (MHI), awarded the eligibility certificate to LMM forits flagship electric 3-wheeler.

Note: The Ministry of Heavy Industries notified the PLI Scheme for PLI-AUTO Scheme on September 23, 2021, with a budgetary outlay of INR 25,938 crore.


WEF’s Energy Transition Index 2023: India ranked 67th; Sweden TopsAccording to the World Economic Forum(WEF) report titled “Fostering Effective Energy Transition 2023”, published in collaboration with Accenture, India is ranked 67th on the Energy Transition Index (ETI) 2023.

  • The report also stated that India is the only major economy with energy transition momentum accelerating across the ETI’s equitable, secure and sustainable dimensions.
  • ETI 2023, the list of 120 counties, is topped by Sweden with an ETI score 78.5 followed by Denmark (76.1) and Norway (73.7) in 2nd and 3rd rank respectively.

Key Points:
i.The report stated that India and Singapore are the only countries that are making advances on all aspects of energy system performance.
ii.Among the world’s 10 largest economies, France was the only G20(Group of 20) country to feature among the top 10 of the ETI 2023.
About World Economic Forum(WEF):
Founder & Executive Chairman- Klaus Schwab
President– Børge Brende
Headquarters– Cologny, Switzerland


2023 Global Competitiveness Index: Published by IMDOn 20th June 2023, The International Institute for Management Development (IMD) published 35th edition of the World Competitiveness Index 2023 which ranks India at 40th position. The top 3 positions in the ranking were claimed by Denmark, Ireland, and Switzerland.

  • The data published explores multiple factors that affect the prosperity of 64 economies.

India in the World Competitiveness Index 2023:
i.India dropped 3 places to rank 40 which is an improvement from the 43rd position secured in 2019-2021
ii.The key factors that contributed to India’s ranking were exchange rate stability, compensation levels and advancements in pollution control.
iii.The report outlined the issues that India is projected to encounter in 2023- maintaining high GDP(Gross domestic product) growth, managing financial market volatility and controlling inflation and fiscal deficit.
NoteKuwait is the latest economy to join the ranking, making its début in 2023.


India Removed From UNSG Report On Impact Of Armed Conflict On Children

India has been removed from an annual report on the impact of armed conflict on children, by UN Secretary General Antonio Guterres on the impact of conflict in view of the measures taken by the government to better protect children.

  • Guterres also acknowledged India’s technical mission and a workshop on strengthening child protection.

India had been included in the report since 2010, including Burkina Faso, Cameroon, the Lake Chad Basin, Nigeria, Pakistan and the Philippines.


ICICI Lombard and ICICI Prudential Life Insurance jointly launched Combi Product ‘iShield’ICICI Lombard General Insurance and ICICI Prudential Life Insurance have jointly launched a combi insurance solution, ‘iShield’ health and life, which will provide customers with both health and life insurance.

  • Under ‘iShield’, the health insurance component covers expenses related to hospitalisation, day-care treatments, pre and post hospitalisation, and Teleconsultation and so on.
  • The life insurance under ‘iShield’ will continue till the age of 85, ensuring sufficient financial resources of the family to continue with their lives.

About ‘iShield’:
iiShield is a one-of-its-kind offering that is synergistic in capabilities and shares the brand values of ICICI Prudential Life Insurance and ICICI Lombard.
ii. It is designed to provide customers and their family’s with a comprehensive dual benefit of health and life insurance solution along with a seamless single window customer experience.
iii. It will enable customers to take care of expenses required for medical treatments. Apart from that, it will also provide a lump sum amount to the family in case of the unfortunate demise of the policyholder.
iv. Customers can purchase this solution/product by filling in a single application and undergoing a medical check-up.
v. Other than the vast agent network, multiple easy-to-use touchpoints such as the company website or the Mobile App will also provide customers a hassle-free purchase and premium payment experience.
Additional Info:
iThe Combi solution ‘iShield’ health and Life insurance was launched under the Insurance Regulatory and Development Authority of India’s (IRDAI) ‘use and file’ procedure for life insurance products.
ii. On 20thJune,2023, IRDAI introduced modifications to the existing ‘use and file’ procedure for life insurance products, aiming to facilitate the insurance industry in promoting penetration and improving the accessibility of life insurance products.
iii. IRADI introduced the concept of “Combi products/solutions”, referring to insurance products where a life insurer acts as the lead insurer.

  • Life insurers offering combi products must comply with the extant norms prescribed by IRDAI.

About ICICI Lombard:
Founded in- 2001
MD/CEO- Bhargav Dasgupta
Headquarters- Mumbai, Maharashtra


NPCI partnered Priority Pass Access to enable Airport Lounges access to RuPay Card holders

National Payments Corporation of India (NPCI) partnered with the Priority Pass Access India, a domestic lounge experience programme to offer Airport Lounge access to the RuPay card holders.

  • Under this partnership, eligible RuPay cardholders in India will be able to access over 50 premium lounges and airport experiences in major cities across India by simply tapping or swiping the RuPay card for entry.
  • RuPay card holders will also gain access to a network of railway lounges in India.

RuPay is an Indian multinational financial services and Payment Service System, launched by the NPCI in 2014.


Bank of India Launches Centralised Pool Buy-Out and Co-Lending Cell in Mumbai

On 26th June 2023, Rajneesh Karnatak managing Director (MD) and chief Executive officer (CEO) of Bank of India (BOI) inaugurated BOI’s Centralised Pool Buy-Out and Co-Lending Cell’ housed in its headquarters in Mumbai, Maharashtra.

  • This cell is equipped with an end-to-end digital underwriting system onboard pool buy-outs and co-lending of loans in partnership with NBFCs to boost priority sector lending.
  • This will provide seamless integration between BOI and NBFCs.
  • The Cell will onboard loan assets under Retail, MSME and the Agriculture segment with a dedicated team.

Pool Buy-Out:
Pool Buy-Out is a practice in the banking sector to buy out the retail portfolios of NBFCs in return for immediate payment.


UK PM Rishi Sunak honoured 101 years old Sikh WWII veteran Rajindar Singh Dhatt with UK Points of Lights AwardOn 28th June 2023, Rishi Sunak, Prime Minister (PM) of the United Kingdom (UK) honoured Retired British Indian Shikh Soldier Rajindar Singh Dhatt (aged 101) with UK Points of Light award at India Global Forum’s (IGF) annual UK-India Week 2023 reception at 10 Downing Street, London, United Kingdom.

  • He was awarded for his service in the British Indian Army and coordinating”Undivided Indian Ex-Servicemen’s Association” to help bring together British Indian war veterans.

About UK Points of Light: 
i.The UK Points of Light award honours exceptional individuals whose contribution is making a difference in their communities and whose stories might inspire others to find innovative solutions to social concerns in their own communities and beyond.
 ii.UK Points of Light inspired from the US points of light, launched in partnership with the United States of America (USA) in April 2014.

  • US Points of Light was first established by President George H. W. Bush in 1990.

iii.Every weekday, the Prime Minister bestows the Points of Light award on an inspiring volunteer.
About Rajindar Singh Dhatt: 
i.He was born in pre-partition India in 1921, joined the British-Indian Army during the Second World War and later promoted to Havildar Major (Sergeant Major) in 1943.
ii.He was also part of the Far East campaign to fight in Kohima in northeast India to support the Allied Forces and help break through the Japanese defences.
iii.After retiring from the Army, he settled in Hounslow UK in the year 1963.
iv.He speaks at memorial events and works with war veteran charities, including the Royal British Legion and the Taxi Charity for Military Veterans.
About IGF UK-India Week 2023:
i.The 5th edition IGF’s UK-India Week 2023 held from 26th June to 30th June 2023 in London and Windsor, United Kingdom.
ii.It is a forum that seeks to honour and strengthen the longstanding partnership between these two countries by providing a platform to spotlight crucial topics, including politics, trade, business, sustainability, inclusion, and innovation.


Union Minister Parshottam Rupala Launches “Report Fish Disease” App in New DelhiOn 28th June 2023, Union Minister of Fisheries, Animal Husbandry and Dairying, Parshottam Rupala, launched Report Fish Disease(RFD)  an android-based mobile application for aquatic animal diseases reporting at Krishi Bhawan, New Delhi, Delhi.

  • The app has been developed by ICAR(Indian Council of Agricultural Research)-NBFGR(National Bureau of Fish Genetic Resources) under National Surveillance Programme for Aquatic Animal Diseases (NSPAAD), funded under Pradhan Mantri Matsya SampadaYojana by the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying (MoFAH&D), Government of India.

Key People: 
The app was launched in the presence of Dr. L. Murugan, Minister of State(MoS) MoFAH&Dand senior Officers from the Department of Agricultural Research and Education(DARE), ICAR and NSPADD.
Background: 
i.The Department of Fisheries has allocated ₹33.78 crore for a period of three years for the implementation of the second phase of the NSPAAD under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) scheme.
ii.With the RFD app, NSPAAD will meet national and international obligations through transparent reporting.

  • PMMSY is a flagship scheme for focused and sustainable development of the fisheries sector in India as a part of the Aatmanirbhar Bharat Abhiyan.

About Report Fish Disease(RFD) app:
i.It provides advice to farmers associated with aquaculture and help them to connect directly to district fisheries officers and scientists.
ii.It will enable farmers to report the incidence of diseases in finfish, shrimps, and molluscs in their farms and get scientific technical assistance on the same from scientists/ Experts.
iii.The data regarding the diseases will be stored on temporal & spatial scale and can be used for mapping the disease cases.
iv.It will contribute to the sustainability and resilience of aquaculture systems by minimizing the negative impacts of fish diseases on fish population, industry, and ecosystems thereby reduce the loss and increase farmers income.


French DGA test fired V-MAX Hypersonic Glider technology for the 1st timeOn 26th June 2023, the French General Armaments Directorate (DGA), France successfully conducted its first test firing of a VMaX (Véhicule Manoeuvrant Expérimental or experimental manoeuvring vehicle), a Hypersonic Glide Vehicle (HGV) to develop new missile technology capable of evading the most sophisticated air defences.

  • A sounding rocket carrying the V-MaX HGV was launched from the Biscarosse missile test site on the Bay of Biscay, southwestern France.

VMaX:
iV-Max program was officially launched in 2019, and initial flight testing for the V-MAX launcher was scheduled for as early as 2021.
ii. The French V-Max program is being developed by Ariane Groupe, a defence company specializing in space launches and best known for Ariane rockets.
Hypersonic Gliders:
iHypersonic gliders, a type of warhead for ballistic missiles that can operate freely and glide at hypersonic speed, designed to carry a nuclear or conventional warhead.
ii. Unlike ballistic missiles whose trajectories are fixed at launch, hypersonic gliders can change direction at high speed, allowing them to zigzag past air defences and take evasive action once targeted by anti-air missiles.
iii. Typically, these gliders are launched by a rocket to attain a high altitude tens of kilometres (kms) above the Earth before the glider and its payload descend back at hypersonic speed.
ivThe French HGV has the capacity to exceed Mach 5 (over 6,000 kilometres per hour (Kmph)) (3,730 miles per hour(mph)), and has been under study by major nuclear powers for several years.

National Statistics Day 2023 – June 29 National Statistics Day (Statistics Day) is annually observed across India on 29th June to raise public awareness about the role and importance of statistics in Socio-economic planning, policy formulation and development processes in everyday life.

  • 29th June 2023 marks the observance of the 17th Statistics Day.
  • The day marks the celebration of the birth anniversary of Professor (late) Prasanta Chandra Mahalanobis (PC Mahalanobis), known as the “Father of Indian Statistics” and recognises his notable contributions in the fields of statistics and economic planning.

The theme of National Statistics Day (Statistics Day2023 is “Alignment of State Indicator Framework with National Indicator Framework for Monitoring Sustainable Development Goals (SDGs)”.
Background:
iIn 2006, the Government of India (GoI) designated the 29th June of every year, the birth anniversary of Professor (late) Prasanta Chandra Mahalanobis, as “Statistics Day”, in the category of Special Days to be celebrated at the national level.
ii. Notification to this effect was published in the Gazette of India on June 05, 2007.
iii. The first-ever National Statistics Day was celebrated on 29th June 2007.
About National Statistical Commission (NSC):
The Government of India through a resolution dated 1st June, 2005 established the National Statistical Commission (NSC).
Mandate: To evolve policies, priorities and standards in statistical matters.
Chairman- Prof. Rajeeva Laxman Karandikar
Headquarters- New Delhi, Delhi


International Day of the Tropics 2023 – June 29The United Nations (UN)’s International Day of the Tropics is observed annually across the globe on 29th June to raise awareness about various challenges that tropical nations face and to celebrate the extraordinary diversity of the Tropics.

  • The day aims to emphasize the role of the countries in the tropics towards achieving the Sustainable Development Goals(SDG).

Background: 
i.On June 14th, 2016 the United Nation General Assembly(UNGA) adopted the resolution A/RES/70/267 declaring June 29th as the International Day of the Tropics.
ii.The first ever International Day of the Tropics was observed on 29th June 2017.
About United Nations (UN):
Secretary-General – António Guterres
Headquarters – New York, United States of America(USA0
Established – 1945


MK Stalin, CM of Tamil Nadu inaugurated new buildings in various locations and launched a Portal for Farmers On 28th June 2023, M.K. Stalin, Chief Minister (CM) of Tamil Nadu  (TN) virtually inaugurated several projects at various locations and launched a new web portal Tamil Mannvalam to encourage farmers to use appropriate fertiliser for their land, knowing the type and quality of the soil.

  • With the help of the portal, the farmers are able to know about the soil health of their lands via geo-referenced survey number, and could also get other details of the soil such as pH, organic carbon and calcareousness.
  • The CM also released a coffee-table book titled “Nette Nette Panaimarame” which tells the uses of palmyra trees and how every part of it is useful for humans in some or another way.

Note: Soil Calcareousness contains a high proportion of calcium carbonate (CaCO3) in the form of calcite or aragonite.
Various Inaugurations:
iThe CM inaugurated several new buildings for the agriculture department built at a cost of Rs.83 crore, which includes agricultural extension centres, sub-agricultural extension centres, primary processing centres, godowns, etc., andnew buildings for the TN Agricultural University constructed at various locations.
ii. CM also inaugurated 3 Periyar Memorial Samathuvapurams at Ramasamudram panchayat in Tiruvallur district, Tholar panchayat in Cuddalore district, and Kattukulam panchayat in Tiruchy district that have been renovated at a cost of Rs3.12 crore.
iii. He also inaugurated new buildings for the Rural Development Department (Panchayat Union office) constructed at a total cost of Rs 34.76 crore.
iv. The CM inaugurated the renovated ‘PoomalaiVanigaValagam’ (commercial complexes) in 26 districts constructed by the Tamil Nadu Corporation for Development of Women at a cost of Rs.5.16 Crore.
v. He launched a micro-enterprise finance scheme under the ‘VazhndhuKaattuvom’ project and handed over loans to Women Self-Help Groups (SHGs) worth Rs.50 crore.
Highlights:
iHe handed over Rs.15 lakh in financial assistance to the only Indian team, ‘Team Sea Shakti’ of Kumaraguru College of Technology in Coimbatore, selected to take part in Monaco Energy Boat Challenge to create a hydrogen-powered boat.

  • The objective is to commercialise the power system for the benefit of fishermen.

Note: The 10th edition of Monaco Energy Boat Challenge (MEBC) 2023 organised by Yacht Club de Monaco (YCM) in the bay of Monaco (Principality of Monaco)  from July 3 to 8 2023.
ii. The CM handed over a house allotment order to Palam P. Kalyanasundaram, a social worker.
iii. The CM chaired a meeting to review the implementation of 55 ongoing programmes and 35 projects which are to be implemented by 13 departments at the Secretariat in Chennai, TN.
iv. Officials were addressed to focus on the timely implementation of delayed welfare programmes, in order to reduce the implementation cost.
About Tamil Nadu:
Chief Minister- M. K. Stalin
Governor- R. N. Ravi
Birds Sanctuary- Vettangudi birds Sanctuary (Sivagangai), Pulicat Lake birds Sanctuary (Tiruvallur)


Andhra Pradesh CM launches ‘Jagananna Amma Vodi’ scheme

On 28th June 2023, Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy  launched the ‘Jagananna Amma Vodi‘ scheme for the 4th year, under which financial assistance of Rs 6,393 crore will be deposited into the bank accounts of 43 lakh beneficiaries, at Kurupam in Parvathipuram Manyam district, Andhra Pradesh.

  • Eligible mothers who send their children to schools will receive Rs 15,000 financial aid to meet the educational expenses of students
  • It is reported that more than 80 lakh students from 1st to 12th standard will be benefited through this.

IAS V Venu Appointed as Kerala Chief Secretary;  IPS Sheikh Darvesh Saheb Appointed as New DGP

On 27th June 2023, the Kerala government has appointed V Venu who is currently the Additional Chief Secretary (Home) as Chief Secretary and Sheikh Darvesh Saheb who is currently the head of the Fire and Rescue Services in the state as Director-General of Police(DGP) of Kerala.

  • They will replace Chief Secretary VP Joy and DGP Anil Kanth, who will retire on 30th June 2023.

Current Affairs Daily Digest – 29 June 2023

UTPRERAKMoS Krishan Pal inaugurated CoE in NPTI, New Delhi to boost adoption of Energy Efficient Technologies i.On June 26, 2023, the Union Minister of State (MoS) Krishan Pal inaugurated a Centre of Excellence (CoE) namely ‘Unnat Takniki Pradarshan Kendra (UTPRERAK)’/’Advanced Industrial Technology Demonstration Centre (AITDC)’ at the National Power Training Institute (NPTI), Badarpur in New Delhi (Delhi). The MoS also released the logo of the Centre and released the brochure on the Centre.
ii.It has been set up by the Bureau of Energy efficiency (BEE), Ministry of Power (MoPS) to boost industry adoption of clean and energy efficient technologies and boost India’s global energy transition impact, and make it a Developed Nation by 2047.
iii.MoP will allocate sufficient funds under the budget for BEE.
iv.The event also saw the signing of Memorandum of Understanding (MoU) between BEE and NPTI.
About Bureau of Energy efficiency (BEE):
It was established on March 1, 2002 under the provisions of the Energy Conservation Act, 2001.
Director General– Abhay Bakre
Headquarter– New Delhi, Delhi
Parent Ministry– Ministry of Power


DRDO organised ‘Anusandhaan Chintan Shivir’; Released list of 75 Tech Priority AreasOn 27th June 2023, Defence Research and Development Organisation (DRDO) organised “Anusandhaan Chintan Shivir” in New Delhi, Delhi to encourage Defence Research and Development(R&D) within the industry and academia.

  • Chief of Defence Staff General Anil Chauhan graced the event as the Chief Guest.
  • During the event, DRDO released DRDO Technology Foresight 2023, a list of 75 technology priority areas for Industry and Academia.

DGR & IBM signed MoU to generate employment for Ex-servicemen
Directorate General Resettlement (DGR) under the Department of Ex-Servicemen Welfare, Ministry of Defence(MoD), signed a Memorandum of Understanding(MoU) with IBM (International Business Machines Corporation) to generate employment for Ex-servicemen and facilitate their seamless integration into the civilian workforce.
About Defence Research and Development Organisation (DRDO):
Chairman– Dr Sameer V. Kamath
Headquarters– New Delhi, Delhi


Union Minister Sarbananda Sonowal Launches New CSR Guidelines ‘Sagar Samajik SahayogOn 27th June 2023, The Union Minister of Ports, Shipping & Waterways and Ayush Sarbananda Sonowal launched ‘Sagar Samajik Sahayyog’ the new guidelines of Corporate Social Responsibility (CSR) by the Ministry of Ports, Shipping & Waterways in New Delhi, Delhi.The new guidelines empower ports to undertake CSR activities directly by addressing local community issues.

  • The rules would impact Projects and programmes involved in the activities listed in Section 70 of the Major Port Authorities Act, 2021.

CSR Committee:
i.A CSR Committee will be formed in each major port headed by the Deputy Chairperson of the Major Port and shall have two other Members.
ii.To integrate CSR in Business Plan each major port shall prepare a CSR Plan for every financial year with the social and environmental concerns related to the business of the entity.
CSR funding guidelines:
Sagar Samajik Sahayyog guidelines will enable the ports in India to allocate a specific percentage of their net annual profit based on their turnover for implementation and monitoring of CSR activities.
i.Ports with an annual turnover of less than Rs 100 crores will spend 3-5% of their net annual profit.
ii.Ports with a turnover between Rs 100 to 500 crores will spend 2-3% of their net annual profit.
iii.Ports with a turnover exceeding Rs 500 crores will spend 0.5-2% of their net annual profit.
About Ministry of Ports, Shipping & Waterways:
Union Minister- Sarbananda Sonowal, Assam
Minister of State- Shantanu Thakur(Constituency-Bangaon, West Bengal)


Prime Minister Narendra Modi flagged off 5 Vande Bharat trains from Bhopal, Madhya PradeshOn 27th June 2023, Narendra Modi, the Prime Minister (PM) of India flagged off 5 new Vande Bharat trains connecting important cities in different parts of India  from Rani Kamalapati railway station in Bhopal, Madhya Pradesh (MP). This is for the first time so many Vande Bharat trains have been launched in one day.

  • These trains will improve economic connectivity across India by connecting various regions in Madhya Pradesh, Goa, Jharkhand, Bihar, Karnataka and Maharashtra.
  • Among the 5 trains, 2 trains were physically flagged off and 3 in virtual mode. The 5 new trains increased the total number of Vande Bharat Express trains to 23.

Vande Bharat trains:

  • Rani Kamalapati (Bhopal, MP)-Jabalpur, MP
  • Khajuraho (Bhopal, MP)-Indore, MP
  • Madgaon (Goa)-Mumbai, Maharashtra
  • Dharwad-Bengaluru, Karnataka
  • Hatia (Ranchi, Jharkhand)-Patna, Bihar
  • Madhya Pradesh got 2 Vande Bharat trains.

iThe trains are designed to run at a speed of 110 kmph to 130 kmph, the average running speed on the ground ranges between 63 to 96 kmph.
ii. The routes are smaller versions, comprising eight coaches instead of sixteen coaches.
Rani Kamalapati-Jabalpur:
iThe train of MP will connect Mahakaushal region (Jabalpur, MP) to Central region (Bhopal) of MP, and it will be nearly two hours and 30 minutes faster than the existing fastest train on the route.
ii. Tourist places like Bheraghat, Pachmarhi, and Satpura, etc in the region will be benefitted by the enhanced connectivity.
Ranchi-Patna:
iIt will be the first Vande Bharat train for Jharkhand and Bihar and the average speed of the train on the Ranchi-Patna route is not more than 63 kmph.
ii. A rail distance of 379 km between Ranchi and Patna is currently traversed in 6 hours, it will boost connectivity between Patna and Ranchi and will help the commuters save one hour and 25 minutes of journey time on the existing route.
Dharwad-Bengaluru:
iIt will connect major cities in Karnataka- Dharwad, Hubballi, and Davangere with the silicon city, Bengaluru.
ii. It will be faster by about 30 minutes compared to the fastest train on the route.
Goa-Mumbai:
iIt will be Goa’s first Vande Bharat Express, covering a distance of 586 km; it will connect Mumbai’s ChhatrapatiShivajiMaharaj Terminus to Goa’s Madgaon
ii. It will also link Dadar, Thane, Panvel, Khed, Ratnagiri, Kankavali stations in Maharashtra and Thivim in Goa.
Vande Bharat trains:
iGovernment of India (GoI) launched the first Vande Bharat trains in February 2019 in New Delhi, Delhi.
ii. It provides passengers with world-class comfortable travelling experience and advanced state-of-the-art safety features, including KAVACH technology, an Automatic Train Protection (ATP) System developed by Indian Railways through Research Designs & Standards Organisation (RDSO) for enhancing safety of running trains.
Note: Of the 23 Vande Bharat trains, the New Delhi(Delhi)-Varanasi (Uttar Pradesh) train is the fastest, running at 96 kilometre per hour (kmph) (even though the maximum speed is 130 kmph) and covers 759 km in eight hours.


Uttarakhand’s Naini Saini Airport Receives Aerodrome License By DGCA
The Naini Saini Airport, Pithoragarh, Uttarakhand has received the Directorate General of Civil Aviation (DGCA) aerodrome licence to operate civil flights.

  • This license which is valid for 6 months, has been handed over to the Uttarakhand Civil Aviation Development Authority (UCADA) by DGCA.

About Naini Saini Airport:
i.The Naini Saini Airport was inaugurated in 1994, by the then Union Civil Aviation Minister Gulam Nabi Azad in the presence of UP Chief Minister Mulayam Singh Yadav which allows chartered or private flights carrying VIPs.
ii.This airport is located at an aerial distance of just 50 kilometers from the China border which has an air strip of 1508 meters.
Note: 2 major airports in Uttarakhand- Jolly Grant Airport in Dehradun and Pant Nagar Airport of Udham Singh Nagar.


Highlights of PM Narendra Modi’s visit USA, Egypt from June 20-25During his visit to the United States of America (USA) from 20th to 24th June 2023, at the invitation of President of USA Joseph Robinette Biden Jr (Joe Biden) and First Lady Dr. Jill Biden, Prime Minister (PM) Narendra Modi addressed the joint sitting of the US Congress.

  • He has become the first Indian PM to address the joint meeting of the US Congress for the second time.
  • During his address, the Prime Minister spoke about terrorism, unity in diversity in India. He also said that India would become the 3rd largest democracy soon.

He become the third Indian leader to make a state visit to the country and the only Indian PM to address a joint session of the US Congress twice.
Key Points:
i.Boeing, an Aerospace and defense manufacturer in the United States, has announced a USD 100 million investment in infrastructure and programs to train pilots in India.

  • The investment was made on backdrop of Air India signing firm orders of over 200 jets earlier from Boeing, which include 20 787 Dreamliners, 10 777Xs, and 190 737 MAX narrowbody aircraft.

ii.Following PM Narendra Modi’s state visit to the USA, the three US tech giants of Amazon, Google, and Microsoft, have committed and announced major capital investments and technological cooperation in India for the growth of Indian technology.
iii.Prime Minister Narendra Modi visited Egypt for 2 days at the invitation of Egyptian President El-Sisi and his visit marks the first bilateral visit by an Indian PM to Egypt in 26 years.
iv.He was also conferred with the highest state honour of Egypt’, the Order of the Nile’ award, by Egyptian President Abdel Fattah El-Sisi.


QS World University Rankings 2024: IIT Bombay only Indian Institute among the top 150 According to the QS World University Rankings 2024 by Quacquarelli Symonds(QS) released on 27th June 2023, the Indian Institute of Technology Bombay (IIT-B), Mumbai, Maharashtra, is the only Indian Institute featured among the top 150 Universities.

  • IIT-B ranked 149th globally, has emerged as the best higher education Institue in India.
  • The global list is topped by the Massachusetts Institute of Technology (MIT), Cambridge, United States of America(USA) for the 12th time(2012 and from 2014 to 2024).
  • MIT is followed by the University of Cambridge, Cambridge, the United Kingdom (UK) in 2nd place and the University of Oxford, Oxford, UK in 3rd place.

About QS World University Rankings 2024:
QS World University Rankings 2024, the 20th edition of the ranking, features  1,500 institutions across 104 locations and is the only ranking of its kind to emphasise employability and sustainability.


WHO & ICH collaborate to enhance sharing of Regulatory Information globally on medical productsOn 27th June 2023, the World Health Organization (WHO) and the International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH) announced a collaboration to increase the registry and sharing of regulatory information on medical products across the world.
Objective:
To establish a unified language that streamlines global regulatory decision-making concerning the safety and effectiveness of medical products, while offering vital insights into the scope, causes and consequences of diseases and mortality, worldwide.
About the Collaboration:
iThe common language will increase the analysis of adverse events and outcomes, such as insurance claims’ databases, mortality and morbidity statistics, , by connecting the WHO International Classification of Diseases 11th Revision (ICD-11) with the ICH Medical Dictionary for Regulatory Activities (MedDRA).
Note:
MedDRA is a highly specific standardised medical terminology developed by ICH.
ICD–11 is the international standard for systematic recording, reporting, analysis, interpretation and comparison of mortality and morbidity data.
ii. It paves the way for enhancing medical treatment and patient safety, and also helps in the overall improvement of health policies.
iii. The collaboration of WHO with ICH’s MedDRA facilitates the sharing of regulatory information internationally for medical products used by humans.
iv. It is used for registration, documentation and safety monitoring of medical products before and after a product has been authorised.
v. The collaboration will also enhance the pharmacovigilance signal detection across even larger volumes of data and the identification of important public health issues.
Note: Pharmacovigilance is the science and activities relating to the detection, assessment, understanding and prevention of adverse effects or any other medicine/vaccine related problem.
WHO, Global Citizen signed MoU to promote Health for All
On 22nd June 2023, the World Health Organization (WHO) and Global Citizen, the international advocacy organisation signed a Memorandum of Understanding (MoU) to collaborate on joint global advocacy initiatives over the next three years to promote and protect health for all people.

  • Under the MoU, both organisations agreed to advance the priorities and objectives of WHO’s 13th General Programme of Work (GPW13) and the health-related aims of the Sustainable Development Goals (SDGs).
  • The MoU was signed at the event named ‘Power Our Planet: Live in Paris event’, held during the Summit for a New Global Financing Pact in Paris, France.

About the MoU:
iThe partnership aims to engage more citizens, especially young people, to advance the cause of health for all.
ii. The two organisations will raise awareness about the significance ofEvidence-based health advice.
iii. It also signifies to identify areas and drive action to improve the health of people around the world, which includes advancing health equity, mitigating the health impacts of climate change, scaling up immunisation, and promoting women’s and girl’s health.
iv. It also emphasises the need for adequate support for local health providers to deliver essential care and services at country level.


Kotak General Insurance partners with actyv.ai to provide insurance products for MSMEsOn Jun 26, 2023, Kotak Mahindra General Insurance Co. Ltd (Kotak General Insurance) partners with actyv.ai, a AI-powered technology company, to offer customised insurance products to Micro Small and Medium Enterprises (MSMEs) in India. In a significant move to support the growth and sustainability of MSMEs, Kotak General Insurance has announced its strategic collaboration with actyv.ai, a leading technology provider.
i. This partnership aims to provide tailored insurance solutions that cater specifically to the needs of MSMEs, enabling them to effectively manage business risks and protect their assets.
ii. This partnership will provide small businesses with the necessary insurance coverage and risk management tools to navigate the complexities of their operations.
About the partnership:
This collaboration of actyv.ai’s AI-powered platform, Kotak General Insurance, aims to provide cutting-edge insurance solutions to enterprises and their extensive network of supply chain partners, enabling them to prioritize growth while minimising concerns related to business risks.

  • By providing comprehensive coverage and risk management capabilities, this partnership empowers these MSMEs to thrive in today’s dynamic business environment

Outcomes:
The collaboration between Kotak General Insurance and actyv.ai is expected to revolutionise the insurance landscape for MSMEs in India.  This partnership empowers enterprises to extend group insurance coverage to their distributors, retailers, and suppliers.
About Kotak General Insurance:
Established in – 1985
Headquarters – Mumbai
Managing Director (MD) & Chief Executive Officer (CEO)- Suresh Agarwal


RBI Eases Restrictions on HDFC Credila’s Customer Onboarding

On 27 June 2023, Reserve Bank of India (RBI) relaxed the restrictions on customer onboarding for HDFC Credila. This move comes as a significant development, allowing HDFC Credila to expand its customer base and streamline its operations.
Background:
Previously, HDFC Credila faced restrictions on onboarding new customers following HDFC’s announcement of selling a 90 percent stake in the subsidiary to Baring PE and ChrysCapital. The deal, valued at ₹9,060 crore, also includes a capital infusion of ₹2,000 crore by the private equity firms.
Criteria:
i. To avail this relaxation, HDFC Credila is required to submit an application for a change in shareholding as a Non-Banking Financial Company (NBFC) to the RBI by July 31, 2023
ii. HDFC Bank’s shareholding in HDFC Credila must be reduced to 10 percent by March 31, 2024, to ensure compliance with regulatory requirements.
Expected Outcomes:
Upon completion of the stake sale, HDFC Credila will cease to be a subsidiary of HDFC, resulting in a decrease in HDFC’s shareholding to below 10 percent of HDFC Credila’s total issued and paid-up share capital. However, HDFC will retain one seat on the board of Credila, maintaining its presence and influence.
RBI cancels Mahalaxmi Cooperative Bank’s licence; Allows to operate as NBFC
On 27 June 2023, The Reserve Bank of India (RBI) instructed Mahalaxmi Cooperative Bank (Dharwad, Karnataka), to operate solely as a Non-Banking Financial Company (NBFC), effectively revoking its banking licence granted on March 23, 1994.

  • The central bank emphasised that the Bank must immediately cease all banking activities, including accepting deposits from non-members.

Additionally, the bank is required to fulfil its obligations by repaying any outstanding deposits from non-members upon request, even after its reclassification as a non-banking institution.

RBI slaps penalties on Standard Chartered Bank-India, 4 other entities

RBI has been imposed a monetary penalty of Rs 30 lakh on Standard Chartered Bank-India for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016.

  • RBI has also penalised StanChart for assigning multiple customer ID numbers to the same individual customer, violating the central bank’s norms. Seven co-operative banks were also fined by the regulator for various violations.

Four credit bureaus have recently been subjected to monetary penalties by the Reserve Bank of India (RBI) due to their non-compliance with the Credit Information Companies (Regulation) Act, 2005, and Credit Information Companies Rules, 2006.

  • RBI slapped a fine of Rs.26 lakh on TransUnion CIBIL Limited, Rs.24.25 lakh on Equifax Credit Information Services Private Limited, Rs 24.25 lakh on Experian Credit Information Company of India Private Limited, and Rs 25.75 lakh on CRIF High Mark Credit Information Services Private Limited.
  • Certain data related to the credit information maintained by the four organisations and Information Services was not accurate and complete.

India’s CAD narrows to 0.2% of GDP on moderation in Trade Deficit: RBI’s BoP Q4FY23 DataAccording to the Reserve Bank of India (RBI) data titled ‘Developments in India’s Balance of Payments during the Fourth Quarter (January-March) of 2022-23’, India’s current account deficit (CAD) declined sequentially to 0.2% of Gross Domestic Product (GDP) in the March 2023 quarter (Q4 of FY23) from 2% of GDP in the December quarter of FY23.

  • India’s current account deficit (CAD) decreased to US$ 1.3 billion, 0.2% of Gross Domestic Product (GDP) in Q4:2022-23 (Q4FY23) from US$ 16.8 billion (2% of GDP) in Q3FY23, and US$ 13.4 billion (1.6% of GDP) a year ago i.e., Q4FY22.
  • This was mainly due to a moderation in the trade deficit driven by robust services exports.

Key Points:
i.The CAD widened to 2% of GDP in FY23 compared to 1.2 per cent in FY22. This came as an uptick in merchandise imports due to higher global commodity prices led to the widening of merchandise trade deficit.
ii.In the financial account, net Foreign Direct Investment (FDI) at US$ 6.4 billion was higher than US$ 2.0 billion in Q3FY23, although lower than a year ago (US$ 13.8 billion).
iii.Net Foreign Portfolio Investment (FPI) recorded an outflow of US$ 1.7 billion amid the equity segment in Q4FY23 as compared with an outflow of US$ 15.2 billion during the Q4FY22.
iv.Net External Commercial Borrowings (ECBs) to India recorded an inflow of US$ 1.7 billion, as against an outflow of US$ 2.5 billion during Q3FY23 and an inflow of US$ 3.3 billion in Q4FY22.
v.There was an accretion to the foreign exchange reserves (on a BoP basis) to the tune of US$ 5.6 billion as against a depletion of US$ 16.0 billion in Q4:2021-22
BoP during FY23:
i.The CAD witnessed a deficit of 2% of GDP, compared to 1.2% in FY22. This was due to a widening trade deficit of US$ 265.3 billion, up from US$ 189.5 billion in FY21.
ii.Net FDI inflows were lower at US$ 28.0 billion in FY23, compared to US$ 38.6 billion in FY22.
iii.Net FPI resulted in an outflow of US$ 5.2 billion in FY23, compared to an outflow of US$ 16.8 billion the previous year.
iv.Net ECBs to India saw an outflow of US$ 4.1 billion in FY23, contrasting with an inflow of US$ 7.4 billion in FY22.
v.The foreign exchange reserves experienced a depletion of US$ 9.1 billion during FY23 on a BoP basis.


L&T and BSNL Partner for Private 5G Network Solutions

Larsen & Toubro (L&T) Technology Services Limited (LTTS) has partnered with Bharat Sanchar Nigam Limited (BSNL) to provide private 5G(Fifth-generation) network solutions for global enterprises providing faster connection speed and lower latency.

  • Private 5G networks unlock companies Augmented Reality (AR), Virtual Reality (VR), and the Internet of Things (IoT) and is expected to grow beyond USD 8 billion by 2026 at an annual growth rate of 35.7% from 2022.

Key points:
i.LTTS will offer businesses devices, applications, technologies, software, sensors, servers, and core integration inside the network infrastructure and this partnership marks LTTS entry into the 5G private network space.
ii.BSNL will supply spectrum using a Public Land Mobile Network (PLMN) or isolated allotment by being the official network provider.
Note: For private 5G networks, LTTS had partnered with Nvidia and Mavenir in Europe and Qualcomm in the United States.


Angela Bassett, Mel Brooks Carol Littleton to get honorary Oscars for Lifetime Achievement at 14th Governors AwardsAngela Bassett, Mel Brooks, and Carol Littleton are set to receive honorary Oscars at the 2023 Governors Awards, the Academy of Motion Picture Arts and Sciences during the 14th annual Governors Awards taking place on November 18, 2023 at the Fairmont Century Plaza in Los Angeles.

  • The honorary Oscar statuette, which is voted on by the Board of Governors, is given to honor lifetime achievements, contributions to the motion picture industry or service to the Academy.
  • The Academy will also be awarding Sundance founding director Michelle Satter with the Jean Hersholt Humanitarian Award.

Key Points:
i.Angela Bassett, whose acting career has spanned nearly four decades, is known for her memorable roles in films like the 1993 Tina Turner biopic “What’s Love Got To Do With It” and Marvel’s “Black Panther: Wakanda Forever” in 2022.

  • She received her first Oscar nomination for her portrayal of Turner, and her second for playing Queen Ramonda in “Black Panther”, making her the first actor to receive an Oscar nomination for a Marvel film

ii.Mel Brooks (97) has directed, produced and acted in beloved Hollywood comedies including “Blazing Saddles,” “History of the World, Part 1,” “Young Frankenstein” and “The Producers.”

  • He won an Oscar in 1969 for Best Original Screenplay for “The Producers” and received two Oscar nominations for Best Adapted Screenplay (“Young Frankenstein”) and Best Original Song (“Blazing Saddles”).

iii.Carol Littleton is being recognized for her achievements in film editing, including her work on Steven Spielberg’s “E.T. The Extra-Terrestrial,” for which she received an Oscar nomination for Best Film Editing. 


President Droupadi Murmu presented Distinguished Service Awards at Defence Investiture Ceremony-II

On 27th June 2023, Droupadi MurmuPresident of India-the Supreme Commander of the Armed Forces, conferred 85 Distinguished Service Awards to serving and retired Indian Armed Forces and Indian Coast Guard (ICG) personnel for distinguished service of an exceptional order during the Defence Investiture Ceremony (Phase-II) held at the Rashtrapati Bhavan in New Delhi, Delhi.

  • The 84 Distinguished Service Awards includes 52 Ati Vishisht Seva Medals (AVSMs), one Bar to AVSM, three Uttam Yudh Seva Medals (UYSMs) and 29 Param Vishisht Seva Medals (PVSMs).

Key People:
Jagdeep Dhankhar, Vice President of India and Narendra Modi, Prime Minister (PM) of India were also present during the ceremony.
Ati Vishisht Seva Medal (AVSM):
iIt was instituted on 26th January 1960 as VishishtSeva Medal (VSM) Class-II for distinguished service of an exceptional order.
ii. It was renamed as AtiVishishtSeva Medal on 27th January 1967.
iii. It is circular in shape, 35 millimetres (mm) in diameter and fitted to a plain horizontal bar with standard fitting.
iv. The medal, made of standard silver is embossed with a five-pointed star and on itsobserve and the State Emblem(Lion Capital of Asoka at Sarnath) on its reverse and the inscription is embossed along the upper rim.
AVSM bar:
iIf a recipient of the medal is awarded the medal again later, every such further award shall be recognised by a Bar to be attached to the riband by which the medal is suspended.
ii. For every such Bar, a miniature insignia of a pattern approved by the Government shall be added to the riband when worn alone.
Uttam Yudh Seva Medals (UYSM):
iIt was instituted on 26th June 1980 to recognise the distinguished service of an exceptional order during war/conflict/hostilities. It may be awarded posthumously.
ii. The medal is circular in shape, 35 mm in diameter and fitted to a plain horizontal bar with standard fittings and is made of gold gilt.
iii. The medal has the State Emblem on it and the inscription UTTAM YUDH SEVA MEDAL (in English). On its reverse, it has a five pointed star.
Param Vishisht Seva Medals (PVSMs):
iIt was instituted on 26th January 1960 as VSM Class-I to recognise the distinguished service of the most exceptional order and was renamed as PVSM on 27th January 1967.
ii. The medal is round in shape, 35 mm in diameter and fitted to a plain horizontal bar with standard fittings. It is made of gold gilt embossed with a five-pointed star and on its reverse is the State Emblem and the inscription embossed along the upper rim.


RBI approved Appointment of A P Hota as Federal Bank’s Part-Time Chairman On June 26, 2023, the Reserve Bank of India (RBI) approved the appointment of AP Hota,   independent director, as part-time chairman of the Federal Bank for three years with effect from June 29, 2023, till January 14, 2026.
About AP Hota:
i.He has banking experience of over 27 years in RBI, mostly in technology and payment systems, from 1982- 2009.
ii.While at the RBI, he served as nominee director to the Board of Vijaya Bank and subsequently Andhra Bank.
iii.He was the architect of NPCI and served as its Managing Director and Chief Executive Officer between 2009- 2017.
iv.AP Hota was appointed as Independent Director of Federal Bank Limited with effect from January 15, 2018.


Rohit Jawa took charge as MD and CEO of Hindustan Unilever LtdOn 27th June 2023, Rohit Jawa took over as the new Managing Director(MD) & Chief executive officer(CEO) of Hindustan Unilever Limited(HUL) following Sanjiv Mehta’s retirement . He is also the President of Unilever South Asia and a Member of the Unilever Leadership Executive(ULE).

  • Jawa is to get an annual remuneration of Rs 21.43 crore and would receive a sum of Rs 4.83 crore as mobility-linked allowances in Financial Year(FY)24.

Rohit Jawa’s Career with HUL:
i.He had started his career with HUL as a management trainee in 1988.
ii.His 1st overseas opportunity came in 2004 when Jawa was elevated as the Vice President of Unilever Vietnam. Since then he has served across geographies like Bangkok, Singapore, Philippines, China.
iii.He is known for transforming the consumer goods major’s in Asian Markets.
iv.He previously held the position of Unilever’s chief of transformation in London.
Note-Sanjiv Mehta took over as MD and CEO of HUL in October 2013. He introduced several business programs such as ‘Dial up the Big Q’ and ‘Winning in Many Indias’.
About Hindustan Unilever Limited(HUL):
MD & CEO- Rohit Jawa
Headquartered-  Mumbai, Maharashtra
Established- 1931(set up of the 1st Indian Subsidiary)


SBI to acquire 20% stake in SBI Pension Funds from SBICAPS

The Executive Committee of the Central Board (ECCB) of the State Bank of India (SBI) has accorded approval for acquiring the entire 20%  stake held by SBI Capital Markets (SBICAPS) in SBI Pension Funds.

  • SBICAPS is a wholly-owned subsidiary of SBI. It provides Investment Banking and Corporate Advisory Services to its clients.
  • SBI Pension Funds is a Pension Fund Manager (PFM), managing the pension corpus under the National Pension System (NPS).

Note: Currently, SBI has a 60% stake in SBI Pension Funds, with the balance stake being held by SBICAPS (20%) and SBI Funds Management (20 %).


CCI approves acquisition of TCNS Clothing by Aditya Birla Fashion

On 27th June the Competition Commission of India (CCI) approved the acquisition of TCNS Clothing Co Limited by Aditya Birla Fashion and Retail Limited(ABFRL).

  • The proposed combination involves acquisition of 51% of the “expanded share capital” of TCNS Clothing Co Limited (target) by Aditya Birla Fashion and Retail Limited (acquirer).

i.ABFRL, a listed company, is involved in retailing branded apparel, footwear and accessories.
ii.TCNS Clothing Co Limited, also a listed company, manufactures and sells women’s apparel, footwear and beauty products under various brands.


MoMSME launched CHAMPIONS 2.0 Portal, Mobile App for MSME’s Sector GrowthOn 27th June 2023, on the occasion of United Nations (UN)’s Micro, Small & Medium Enterprises (MSME) Day, the Ministry of MSME (MoMSME) celebrated Udyami Bharat-MSME Day’ at Vigyan Bhawan, New Delhi, Delhi to launch various initiatives including Champions 2.0 Portal and Mobile App for geo-tagging of cluster projects and technology centres for the growth and development of the MSME sector.

  • 6 MoUs between different organisations were also signed during the event.

Highlights:
iMoMSME and Small Industries Development Bank of India (SIDBI) signed a MoU, to create a portal for ‘PM Vishwakarma Kaushal Samman’ (PMVIKAS) by SIDBI.
ii. MoMSME and Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) signed a MoU for giving guarantee coverage to the beneficiaries of the MSME sector.
About Ministry of Micro, Small and Medium Enterprises (MSMEs):
Union Minister- Narayan Tatu Rane (Constituency- Rajya Sabha- Maharashtra)
Minister of State- Bhanu Pratap Singh Verma (Constituency- Jalaun, Uttar Pradesh)

National Insurance Awareness Day 2023 – June 28 National Insurance Awareness Day is annually observed on 28th June to raise awareness about Insurance which offers a layer of protection to guard in various situations and about the benefits of investing in an insurance plan.

  • The day also serves as a reminder to people to check if all their insurance payments (or renewals) are up to date.

What is Insurance?
Insurance is a legal agreement (financial tool) between two parties – the insurer (Insurance Company/provider) and the insured (Policy holder), also known as insurance coverage or insurance policy, in which the insurer provides financial coverage for the losses of the insured that s/he may bear under certain circumstances.


World Allergy Week – June 18 to 24 2023World Allergy Awareness Week is a global event celebrated annually in the month of June by the World Allergy Organization(WAO). World Allergy Awareness Week 2023, will be celebrated between June 18 and 24.

  • World Allergy Week creates a platform to raise awareness about various allergic diseases, their management and prevention, asthma and related disorders.
  • WAO hosted the webinar titled “Climate Change Worsens Allergies: Be Ready”, on June 20, 2023.

2023 Theme:
The theme for 2023 is managing allergic diseases amidst climate change, by focusing on educating people about the connection between worsening allergies and climate change.
History:
i.World Allergy Week is an initiative of the WAO. It was established  in 1951 and has hosted 28 major congresses.
ii.The 1st world allergy week was observed in 2011.
Key points:
i.Allergies which are primarily inherited and environmental are more prevelant in Developed nations than in underdeveloped nations.
ii.Environmental Protection Agency (EPA) report of 2023 states that pollen levels are projected to increase children’s asthma-related emergency department visits from 17% to 30%.
Causes:
i.Environmental allergens, which can be found in the surroundings, are the causative factors for allergic or hypersensitivity reactions.
ii.Host factors and Environmental factors are the 2 allergy risk factors.


FaMe TN & SIDBI signed MoU to attract investment worth Rs 1510 CrOn the occasion of United Nations (UN)’s Micro, Small, and Medium Enterprises (MSME) Day 2023 (27th June 2023), FaMe TN (Facilitating MSMEs of Tamil Nadu Government), erstwhile MSME Trade and Investment Promotion Bureau, signed a Memoranda of Understanding (MoU) with the SIDBI (Small Industries Development Bank of India) to attract investments worth Rs. 1,510 Crore to provide jobs for 7,400 people.

  • This was a part of the investments worth Rs 1,723.05 crore which were confirmed at the MSME Day function held under the chairmanship of Tamil Nadu (TN) Chief Minister (CM) M K Stalin in Chennai, Tamil Nadu.

New initiatives in TN:
i.TN Chief Minister (CM) M K Stalin launched the Annal Ambedkar Business Champions Scheme (AABSC) to empower Scheduled caste/Scheduled tribe entrepreneurs.

  • Under this scheme, the subsidy of Rs 18.94 Crore will be given to 100 beneficiaries to mark the birth centenary of former TN Chief Minister M Karunanidhi.

ii.TN CM M K Stalin inaugurated three new industrial estates at Kodur in Chengalpattu district, Manapparai in Tiruchirappalli and Sakkimangalam in Madurai district at an estimated cost of Rs 153.22 crore providing employment to 21,500 people.
iii.CM also inaugurated the new cashew processing cluster at Kadampuliyur, Cuddalore district. It was developed under the MSME cluster development scheme for Rs 2.16 crore, including a Rs 1.81 crore government subsidy.
iv.A virtual business-to-business (B2B) pavilion was launched to create a market opportunity for the betterment of MSMEs.
v.The first Common Facility Centre under the Micro Cluster Development programme and sectoral trade exhibition was also inaugurated at the event.
Additional info:
Around 6,257 startups have registered in Tamil Nadu on the Startup India platform from 2021 to 2023. It was double the number of startups registered from TN, compared to the period from 2016 to 2021.
About FaMe TN: 
The FaMe TN (formerly known as MSME Trade and Investment Promotion Bureau) was established in September 2019, to promote trade, investments and exports in the MSME (Micro Small and Medium Enterprise) sector in Tamil Nadu.
 About Tamil Nadu (TN):
Chief Minister – M K Stalin
Governor – R N Ravi
Tiger Reserves – Sathyamangalam Tiger Reserve, Mudumalai Tiger Reserve, Kalakkad Mundanthurai Tiger Reserve


Assam signs MoU with Caspian Equity to foster Agricultural Productivity

Assam Rural Infrastructure and Agricultural Services (ARIAS) Society, an autonomous body under the Assam government, has signed a Memorandum of Understanding (MoU) with Caspian Impact Investment Adviser (Caspian Equity) as an effort to strengthen rural infrastructure, employment opportunities and foster agricultural productivity in the State.

  • This partnership implements Assam Agribusiness Investment Fund (AAIF), a contributory and determinate investment trust, having a corpus of Rs 250 crores. 
  • ARIAS will act as the nodal agency for the fund, while Caspian Equity will serve as the fund manager, investing in small and medium enterprises (SMEs).

Current Affairs – 28 June 2023

MoA & FW Signed an MoU with Pixxel Space India Pvt. Ltd. to Develop Geospatial SolutionsOn 26th June 2023, Union Ministry of Agriculture and Farmers Welfare (MoA & FW) in New Delhi, Delhi has signed a Memorandum of Understanding (MoU) with Pixxel Space India Pvt. Ltd. based in Bengaluru, Karnataka to develop geospatial solutions for the Indian agriculture ecosystem on a free of cost basis using Pixxel’s hyperspectral dataset.

  • The project will focus on crop mapping, crop stage discrimination, crop health monitoring, and soil organic carbon assessments.

The MoU was signed by C. S. Murthy, Director, Mahalanobis National Crop Forecast Centre (MNCFC) on behalf of Government of India (GoI), and Abhishek Krishnan, Chief of Staff represented M/s Pixxel Space India Pvt. Ltd in the presence of the Manoj Ahuja, Secretary, Department of Agriculture & Farmers Welfare (DA&FW), Pramod Kumar Meherda, Additional Secretary, DA&FW.
Hyperspectral remote sensing technology:
i.It measures spectral data in narrow wavelength bands, can detect changes in chlorophyll content, canopy moisture status, and soil reflectance to assess crop health and soil nutrient mapping.
ii.This technology will also contribute to crop risk management, early detection of crop stress, and accurate diagnostics of pest, disease or water-related issues.
iii.It also reduces dependence on time-consuming and error-prone manual surveys and measurements.
About Ministry of Agriculture & Farmers Welfare (MoA & FW):
Union minister – Narendra Singh Tomar (Constituency – Morena, Madhya Pradesh)
Minister of state – Kailash Choudhary (Constituency – Barmer, Rajasthan)


GoI extends timeline for Loan/Completion of Ethanol Projects till September 30, 2023Government of India (GoI) has extended the timeline for the disbursement of loans for the completion of ethanol projects up to 30 September 2023 in a move to strengthen ethanol production in India under the ‘scheme for extending financial assistance to sugar mills for augmentation of ethanol production capacity’.

  • The extended timeline for ethanol projects tends to boost the agricultural economy, reduce fossil fuel dependency, save foreign exchange on account of crude oil imports and reduce air pollution.

Background:
iGoI extends soft loan through banks to the mills for setting up new distilleries, expanding existing ones and installation of incineration boilers or installation of any method as approved by Central Pollution Control Board for Zero Liquid Discharge.
ii. Previously, the deadline for loan disbursement for ethanol projects was set on March 31, 2023.
Key Features:
iUnder the scheme, the government provides interest subvention for the disbursed loans and has now extended the loan disbursement timeline until September 30, 2023. This extension applies to all schemes that were notified during the period from 2018 to 2021.
ii. The decision to extend the timeline was prompted by challenges faced in processing loan applications and coordinating with multiple agencies.
iii. Many project proponents were unable to observe the original deadline, resulting in delayed loan disbursements and incomplete projects and the government recognized the need for an extension to address this issue.
iv. The central government provides financial assistance in the form of interest subvention at a rate of 6% per annum or 50% of the interest charged by banks, whichever is lower.

  • This benefit is applicable for a period of five years, including a one-year moratorium.

v. The primary objective behind these measures is to increase ethanol production and supply for the Ethanol Blended with Petrol (EBP) Programme, particularly during surplus seasons.
vi. Over the years, Government policies have led to a remarkable expansion in both molasses-based and grain-based distilleries.
Note: The capacity of molasses-based distilleries has increased from 215 crore litres in 2014 to 811 crore litres in 2023. Similarly, capacity of grain-based distilleries has grown from 206 crore litres in 2013 to 433 crore litres. As a result, India’s national ethanol production capacity has reached an all time highest to 1244 crore litres in 2023.
Ethanol Supply:
iThe impact of these efforts is evident in the supply of ethanol to Oil Marketing Companies (OMCs).
Note: In 2013-14, the supply was 38 crore litres with a blending level of 1.53%. By 2020-21, the production and supply of fuel-grade ethanol to OMCs had increased by eight times.
ii. In the Ethanol Supply Year (ESY) 2020-21, India achieved a historic milestone by producing 408 crore litres of ethanol, achieving a blending rate of 10.02%. By 11th June 2023, during ESY 2022-23, India had already recorded 310 crore litres blended, reaching a blending rate of 11.70%. The target for the current ESY 2021-22 is a 12% blending rate.
iii. To achieve the ambitious goal of 20% blending by 2025, India’s ethanol production capacity needs to be expanded to 1700 crore litres.


Highlights of Key Initiatives Launched during PM Narendra Modi’s Visit to the USA June 20-24 Prime Minister (PM) Narendra Modi made his first State Visit to the United States of America (USA) from 20 to 24 June 2023, at the invitation of President of USA Joseph Biden and First Lady Dr. Jill Biden.
Key Initiatives:
i.On June 23, 2023, during PM Narendra Modi’s visit to the US, World’s leading aircraft engine maker, GE Aerospace signed a memorandum of understanding (MoU) with India’s Hindustan Aeronautics Limited (HAL) in Washington to produce fighter jet engines in the country for the Indian Air Force (IAF).
ii.The Union Cabinet of India has approved U.S. chipmaker Micron Technology’s USD 2.75 billion plan for a new semiconductor testing and packaging unit of which Micron will invest USD 825 million while the rest will be government incentives.
iii.Union Minister of State (Independent Charge) Science & Technology Jitendra Singh stated about the signing of “Artemis Accords ” and Joint Indo-US mission to the International Space Station in 2024, which will provide a new momentum to the space sector.
iv.As per the joint statement issued by PM Narendra Modi and US President Joe Biden, the United States and India announced a USD 2 million grant program for artificial intelligence and quantum technologies.
v.Indian Farmers Fertiliser Cooperative Ltd (IFFCO) started exporting the world’s 1st Nano liquid Urea invented & manufactured indigenously in India by IFFCO to the USA through signing an agreement with California-based Kapoor Enterprises Inc.


SEBI unveils ASBA-like facility for Trading in Secondary Marketi.The Securities and Exchange Board of India (SEBI) has introduced ASBA (Application supported by Blocked Amount)-like the process for trading supported by Blocked Amount in the secondary market w.e.f. January 1, 2024. This move is aimed to safeguard investors’ cash collateral.
ii.This method utilizes the funds held in the investor’s bank account, rather than requiring upfront transfer to the trading member. It integrates the Reserve Bank of India (RBI) approved Unified Payments Interface (UPI) mandate service of single-block-and-multiple-debits with the secondary market trading and settlement process and the ‘UPI block facility’.
iii.SEBI also comes out with disclosure formats for compliance reports on governance and annual secretarial for emerging investment vehicles — Real Estate Infrastructure Trusts (REITs)  and Infrastructure Investment Trusts (InvITs) which will come into force from FY 2023-24 onwards.
About Securities Exchange Board of India(SEBI):
Chairperson -Madhabi Puri Buch
Headquarters – Mumbai, Maharashtra
Establishment – 12 April 1992


Canara Bank becomes 1st PSB in India to introduce the facility of UPI payments to merchants through RuPay Credit CardOn June 26, 2023, the Public Sector Bank (PSB), Canara Bank became the first Public Sector Bank (PSB) in India to introduce the facility of UPI (Unified Payments Interface) payments to merchants through RuPay Credit Card, in association with NPCI (National Payments Corporation of India).

  • This facility is made available at ‘Canara ai1’ Banking Super App of the Bank.

Key Points:
i.Notably, currently only Merchant Payments are allowed using this facility, and Person-to-Person, Card-to-Card, or Cash-Out Transactions will not be permitted for UPI payments from RuPay Credit Cards.
ii.This facility enables the bank customers to make UPI payments to merchants from their RuPay Credit Cards.
iii.They can also link their Canara Bank RuPay Credit Cards to their UPI IDs.
iv.The transaction limits applicable for UPI transactions shall continue for UPI payments using RuPay Credit Card.
About Canara Bank:
MD and CEO– K Satyanarayana Raju
Headquarters– Bengaluru, Karnataka
Tagline– Together We Can


World Bank Approves USD 391 Million in Financing for Assam and TripuraOn 26th, June, 2023, World Bank approved USD 391 million in financing to improve healthcare services and economic opportunities in India’s northeastern states of Assam and Tripura. The funding aims to enhance access to high-quality healthcare services and economic development in these regions of northeast India.
iThe World Bank’s support for these projects underscores its commitment to the development efforts of the Government of India in the northeast region.
ii. By improving healthcare access and promoting economic development, these initiatives will contribute to a better quality of life and increased productivity in Assam and Tripura.
World Bank Grants USD 300M Loan to Improve Education in Chhattisgarh
On 27th june, 2023, The World Bank has approved a USD 300 million loan, with maturity of 18.5 years along with a grace period of 5 years, to enhance the quality of education in government-run schools in Chhattisgarh, India under the project CHALK (Chhattisgarh Accelerated Learning for a Knowledge Economy Operation) which aims to benefit 4 million students, particularly those from poor and vulnerable communities.
About Assam:
Chief Minister – Himanta Biswa Sarma
Governor – Gulab Chand Kataria
National Park – Kaziranga National Park, Manas National Park


S&P projects India GDP at 6% in 2023, Fastest Growing in Asia PacificOn June 26, 2023, the S&P Global Ratings released its quarterly economic update for Asia-Pacific namely Economic Research: Economic Outlook Asia-Pacific Q3 2023: Domestic Demand, Inflation Relief Support Asia’s Outlook stating India as the fastest growing economy among Asia Pacific nations.

  • As per it, the real GDP (Gross Domestic Product) forecast for India in 2023 is 6% (FY2023-24) , for 2024 (FY2024-25) and 2025 (FY2025-26) will be 6.9% and for 2026 (FY 2026-27) it will be 7.1%.
  • India, Vietnam, and the Philippines continue to lead, with average growth of 6.7%, 6.6%, and 6.1% in 2023-2026.

Inflation:
i.Retail inflation is likely to soften to 5% in 2023 (FY2023-24) from 6.7% in 2022 (FY2022-23) citing normal monsoon and softer crude prices as primary reasons.
ii.It will be 4.5% in 2024 (FY 2024-25) and 2025 (FY2025-26), and 4.8% in 2026 (FY 2026-27).
iii.The update expected India’s policy rate for 2023 at 6.25%, and 5.25% in 2024, 5% in 2025 and 2026.
Key Points:
i.India’s retail inflation eased to a 2-year low of 4.25% in May 2023 on an annual basis as against 4.70% in April 2022.
ii.In India, New Zealand, the Philippines, and Thailand, external deficit trends have improved this year as oil prices have declined.
iii.The Asian emerging market economies remain among the fastest growing ones in our global growth outlook through 2026.
Regional Scenario: Asia
A GDP growth of 3.8% is projected in Asia in 2023 for Asia-Pacific excluding China, after 4.7% in 2022. Inflation and external deficits are receding; pressure on central banks to raise rates has diminished.
About S&P Global:
President and Chief Executive Officer– Douglas L. Peterson
Headquarters– New York, United States


DBS Bank India Appoints Rajat Verma as Managing Director of Institutional Banking GroupOn 26th June 2023, Development Bank of Singapore Ltd (DBS) Bank appointed Rajat Verma as Managing Director(MD) and head of DBS Institutional Banking Group, India.

  • Institutional banking refers to the services provided by banks to large organizations such as corporations, government entities, and non-profit organizations. These services typically include business loans, commercial mortgages, and lines of credit.

i.Rajat, who has 26 years of banking experience will be succeeding Niraj Mittal.
ii.Niraj Mittal will be taking up a new role as country head of DBS Bank in Australia as part of the bank’s continued talent and leadership development program by focusing on DBS franchise linkages with South-East Asia and South Asia.
NOTE-Rajat Verma formerly served as MD and country head of commercial banking at Hongkong and Shanghai Banking Corporation Ltd (HSBC) India.
About DBS Bank India Ltd:
DBS Bank India Limited, a 100% wholly owned subsidiary of DBS Bank Limited, Singapore.
Managing Director and Chief executive officer(CEO)– Surojit Shome
Headquarters – Mumbai,Maharashtra
Established – 1994


Jhulan Goswami, Heather Knight and Eoin Morgan Joins MCC World Cricket CommitteeJhulan Goswami, former Indian woman cricketer, Heather Knight, captain of the England women’s cricket team and Eoin Morgan, former England Men’s cricketer have joined the MCC (Marylebone Cricket Club) World Cricket Committee (WCC).

  • The trio has joined the committee ahead of its upcoming meeting at Lord’s cricket ground in London, the United Kingdom (UK), known as the Home of Cricket, which is owned by the MCC.

About Jhulan Goswami
iThe seamer enjoyed a career spanning two decades include 12 Tests, 204 ODIs and 68 Twenty-Twenty (T20) Internationals from 2002 to 2022, picking over 355 wickets across formats, the most by any bowler in women’s international cricket.
iiJhulanGoswami, a Padma Shri (2012 – for her services to sports), and Arjuna Awardee (2010 for the Sport – Cricket), is often regarded as one of the fastest bowlers in women’s Cricket and retired from international cricket in 2022.
iii. She was made an Honorary Life Member of MCC in April 2023.
Note: The final appearance of Jhulan Goswami was at Lord’s in the One Day International (ODI) against England in 2022.
About Heather Knight:
The England women’s team won the ODI world cup led by Heather Knight in 2017.
About Eoin Morgan: 
The England Men’s team won the ODI world cup led by Eoin Morgan in 2019.
Note: Both Eoin Morgan and Heather Knight led their teams to the ODI World Cup at the Lord’s Cricket ground.
MCC World Cricket committee:
iIt is an independent body of current and former international cricketers, umpires, and officials from across the world.
ii. The committee, funded entirely by the MCC, conducts research, particularly into technological advances and the biomechanical elements of the game.
iii. The committee signifies the growth of the female representation on the committee with the growth that women’s cricket has enjoyed in recent years.
ivJhulanGoswami and Heather Knight join Clare Connor (Former English Cricketer) and Suzie Bates (New Zealand Cricketer), who can all offer direct insight into women’s Cricket.
v. WCC will meet on Monday and Tuesday at Lord’s ahead of the second Men’s Ashes Test between England and Australia.
Note: 3 new members were added to the WCC in February 2023, when Clare Connor, Justin Langer and Graeme Smith joined ahead of the meeting in Dubai, United Arab Emirates (UAE).
Committee Members:
The 14 member committee, chaired by Mike Gatting, Former English Cricketer, includes,
Mike Gatting (Former English Cricketer) (Chair), Jamie Cox (Australian Cricketer), Suzie Bates, Clare Connor, Kumar Dharmasena (Sri Lankan Cricket Umpire), Sourav Ganguly (Former Indian Cricketer), Justin Langer (Australian Cricket Coach), Ramiz Raja (Former Pakistani Cricketer), Kumar Sangakkara (Former Sri Lankan Cricketer), Graeme Smith (Former South African Cricketer), Ricky Skerritt (West Indian Cricket Board President)


Aarti Holla-Maini of UK appointed as Director of UN Office for Outer Space AffairsOn 26th June 2023, United Nations (UN) Secretary-General Antonio Guterres appointed Aarti Holla-Maini, an Indian-origin satellite industry expert from the United Kingdom (UK), as the Director of the United Nations Office for Outer Space Affairs (UNOOSA).

  • Aarti Holla-Maini will succeed Simonetta Di Pippo of Italy, who served as the Director of UNOOSA from 2014 to 2022.
  • Niklas Hedman of Sweden, who has been serving as the Acting Director of UNOOSA since March 2022, will continue on the post until Aarti Holla-Maini assumes the position.

About Aarti Holla-Maini:
i.She served as the Secretary-General of the Global Satellite Operators Association for 18 years.
ii.Aarti Holla-Maini served as a member of the World Economic Forum’s Global Future Council on Space.
iii.She was also a key architect of the Crisis Connectivity Charter, which was formed in 2015 for emergency satellite communications with the UN World Food Program’s Emergency Telecommunications Cluster.
Haoliang Xu of China appointed as new Under-Secretary-General & Associate Administrator for UNDP
On 26th June 2023, UN Secretary General António Guterres appointed Haoliang Xu of China as Under-Secretary-General and Associate Administrator of the United Nations Development Programme (UNDP).

  • Haoliang Xu will succeed Usha Rao-Monari of India who was appointed as Under-Secretary-General and Associate Administrator of the United Nations Development Programme (UNDP) on 17th February 2021.

About Haoliang Xu: 
i.Prior to the appointment, he has been serving as the Assistant Secretary-General and Director of UNDP’s Bureau for Policy and Programme Support since 2019.
ii.He also served as the Assistant Administrator and Director of the UNDP’s Regional Bureau for Asia and the Pacific from 2013 to 2019.
iii.He has held various roles in UNDP, working in field and headquarters assignments in Asia-Pacific, Europe and Central Asia, including assignments in Iran, Timor-Leste, Pakistan and Kazakhstan.


Piramal Enterprises to sell entire 8.34% stake in Shriram Finance

According to block deal data available on the National Stock Exchange, on 21st June 2023, Piramal Enterprises divested its entire 8.34% stake in non-banking financial company Shriram Finance for Rs 4,824 crore through an open market transaction.  As of March 2023, Piramal Enterprises held the stake-sale comprising Rs.3.12 crore shares while Shriram Capital held 18%.
This comes after TPG India Investments, the United States of America (USA)-based private equity firm offloaded its entire 2.65% stake, or 99.2 lakh shares, in the Piramal Enterprises via several block deals at Rs.1,401 per share for Rs.1,390 crore.
Note:
The sale by Piramal will be the third large exit since the three-way merger of Shriram City Union Finance and Shriram Capital with Shriram Transport Finance to create Shriram Finance in December 2022.


Parshottam RupalaUnion Minister of Fisheries, Animal Husbandry & Dairying, launched NANDI Portal

On 26th June 2023, Parshottam Rupala , Union Minister of Fisheries, Animal Husbandry & Dairying launched a NANDI– NOC (No Objection Certificates) Approval for New Drug and Inoculation System Portal at Krishi Bhavan in New Delhi, Delhi to timely process the applications and grant NOC for veterinary drugs and vaccines.
NANDI Portal:
iThe Department of Animal Husbandry and Dairying (DAHD) developed this portal through the Centre for Development of Advanced Computing (C-DAC) to enhance the regulatory approval process and ensure transparency in assessing and examining veterinary product proposals.
ii. The integration of the NANDI portal with the e-Governance solution for the Central Drugs Standard Control Organisation (CDSCO) under the Ministry of Health will streamline the approval process further.
iii. The launch of the NANDI portal marks an important step taken by the DAHD in realising the objectives set out in its Animal Pandemic Preparedness Initiative (APPI).
Highlights:
iFollowing the animal vaccination coverage initiative and Mobile Veterinary Units (MVUs), the launch of NANDI Portal would not only facilitate regulatory processes but also provide valuable support to researchers and industries from a commercial perspective.
ii. This initiative is a significant step towards advancing Government of India’s Digital India and promoting the well-being of livestock and the livestock industry by creating awareness among livestock rearers and improving logistical facilities.

  • The consumption of veterinary drugs is expected to increase.

iii. The crucial role of veterinary vaccines in safeguarding animal health, boosting production, ensuring safe food supplies, and preventing the transmission of infectious diseases from animals to humans has been acknowledged.
iv. The DAHD has consistently worked towards accelerating the regulatory approval process, which is crucial for the availability of veterinary drugs and vaccines in India.
v. In order to achieve this goal, the DAHD has established empowered committees, such as the Empowered Committee for Animal Health (ECAH), chaired by the Principal Scientific Adviser (PSA), GoI.
Note: ECAH focuses on building resilient, farmer-centric animal health systems in India and proposing changes to enhance the long-term success of the livestock sector. Additionally,
vi. The Regulatory Subcommittee, composed of veterinary experts from the industry and academia, has been set up under the ECAH to comprehensively deliberates, takes efficient actions, and provides recommendations and policy inputs on a veterinary vaccine, biological, and drug submissions.
vii. The portal aligns with the Digital India vision initiated and embodies the principles of Minimum Government and Maximum Governance by leveraging Information Technology (IT) systems.


Hasarius mumbai: New Species of Jumping Spider found in Mumbai, MaharashtraA new species of jumping spider named Hasarius mumbai was recently discovered from the rocks lying close to the streams at the Bombay Natural History Society’s (BNHS) conservation education centre (CEC) in Goregaon East, Mumbai (Maharashtra). The species is named after Mumbai, where it was found.

  • The 33-acre nature reserve, inhabit to the ‘jumping spiders’, is “one of the few pristine mixed moist deciduous forest types in India” and shares its boundaries with the biodiverse landscapes of Sanjay Gandhi National Park (SGNP) and Film City in Aarey Milk Colony (AMC) of Mumbai, Maharashtra.

Note: This is the 3rd species of the genus Hasarius from India. The other 2 are H. adansoni, found across India including in urban areas, and H. kjellerupi, documented from the Union Territory (UT) of Andaman and Nicobar Islands.
Genus and Species:
iThe word “Hasarius” refers to a genus that ranks the species of “jumping spiders” belonging to the Salticidae
ii. The ‘Salticidae’ family of spiders as per existing literature contains over 600 different genera and over 6,000 described species of spider.
iii. These spiders are known for their unique hunting technique (Stalk and hunt the prey by pouncing), different from traditional spiders that rely on webs.
Note: This genus, first discovered in the year 1826, occurs primarily in warm climates.
Researchers involved:
Rishikesh Tripathi (Lead) Christ College, Kerala; and researchers from the School of Natural Sciences, Macquarie University, Sydney, Australia; and the BNHS, Mumbai (Maharashtra), have published their findings in the latest issue of the International, peer-reviewed journal  Arthropoda Selecta.
Note: This is the first time since September 2021 that a description of a new biological species from Mumbai city has been published.
Features:
iThe colour of the new species is Carapace brown, with white lateral bands of nearly uniform thickness. Eye field black, mid-anteriorly with a streak of white hairs.
ii. A shield-like plate on the front of the head densely covered with intermixed white and rusty coloured hairs forming a continuation with the lateral white stripes of carapace.
iii. Their multiple eyes provide a 360-degree view of their surroundings, helping in their hunting strategy.


Special Olympics World Games Berlin 2023: India won 202 medals

The Indian team won 202 medals (including 76 Gold, 75 Silver, 51 Bronze) in Special Olympics World Games Berlin 2023 held in Berlin, Germany from 17th June 2023 to 25th June 2023.

  • The Berlin 2023, the 16th edition Special Olympics World Games Berlin witnessed the participation of 7000 special Olympic Athletes from around 190 countries competing in 26 sports.

Special Olympics World Games Berlin 2023:
2023 Mascot: Named as ‘Unity’, it represents the emotions the athletes feel about the World Games: joy, togetherness, pride, and excitement.
2023 Motto: ‘unbeatable together’
i.Indian Athletes won six medals in the track events (including 2 Gold, 3 Silver and 51 Bronze).

  •  Aanchal Goyal (400m, Level B Female) and Ravimathi Arumugam (400m, Level C Female) won gold medals for India in track events.

Micro-, Small, and Medium-sized Enterprises (MSME) Day 2023 – June 27The United Nations (UN)’s Micro-, Small, and Medium-sized Enterprises (MSME) Day is annually observed across the world on 27th June to raise awareness about MSME’s contribution in achieving the 2030 Agenda of UN Sustainable Development Goals (SDGs).
27th June 2023 marks the 6th Anniversary of MSME Day.

  • The global celebration of MSME day is led by the International Trade Centre (ITC).

Background:
iOn 6th April 2017, the United Nations General Assembly (UNGA) adopted the resolution A/RES/71/279 and proclaimed the 27th June of every year as the Micro-, Small and Medium-Sized Enterprises (MSMEs) Day.
ii. The first-ever MSME day was observed in collaboration with the International Council for Small Business (ICSB), the Permanent Mission of Argentina to the UN on 27th June 2017.
Udyami Bharat- MSME Day 2023 in India: 
On the eve of United Nations (UN)’s MSME Day (27th June 2023), the Ministry of MSME, Government of India (GoI) is celebrating ‘Udyami Bharat (Enterprising India) -MSME Day’ on 27th June, 2023 at Vigyan Bhawan, New Delhi, Delhi.

  • The Ministry of MSME launched various initiatives for growth and development of MSMEs such as CHAMPIONS 2.0 Portal and Mobile App for Geo-tagging of Cluster Projects and Technology Centres at the event.

About International Trade Centre (ITC):
Founded in- 1964
Executive Director- Pamela Coke-Hamilton
Headquarters- Geneva, Switzerland


World Vitiligo Day – June 25 2023World Vitiligo Day is celebrated annually across the globe on 25th June to raise awareness about vitiligo, a chronic skin condition that causes the loss of pigmentation in patches of the skin.

  • The goal of World Vitiligo Day 2023 is to spread knowledge, promote research and to recognize bullying, psychological trauma, social neglect of people affected by vitiligo.

World Vitiligo Day 2023: Theme 
i.The theme for World Vitiligo Day 2023 is “Vitiligo: Looking into the Future” and the campaign headquarters will be hosted by Kazakhstan under the guidance of Dr. Aliya Kassymkhanova.
ii.The city of Tampa, Florida, (United States of America) USA has designated June as Vitiligo Awareness Month.
iii.The day is also known as Vitiligo Awareness Day or Vitiligo Purple Fun Day, as purple is the official color representing the condition.
History: 
i.World Vitiligo Day was first observed on 25th June, 2011, on the initiative of Steven Haragdon, the founder of the Vitiligo Friends Network, and further developed by Ogo Maduewesi, a Nigerian vitiligo patient and the Founder and Executive Director of the Vitiligo Support and Awareness Foundation (VITSAF).
ii.The date was chosen to commemorate the death of Michael Jackson, the popstar who discussed his struggles with Vitiligo.
iii.Vitiligo Friends Network is taking effort to recognise 25th June as “World Vitiligo Day” by the United Nations to provide various campaign with a wider platform to reach and create awareness throughout the globe.
Causes of Vitiligo:
Vitiligo occurs when the cells responsible for producing melanin stops functioning and caused by involving a combination of genetic, autoimmune, and environmental factors.


West Bengal govt ties up with Dun&Bradstreet for MSMEs

Current Affairs – 27 June 2023

IAF conducted Exercise “Ranvijay” focussing integrated operations

The Indian Air Force (IAF) conducted Exercise ‘Ranvijay with a focus on integration, in which day and night operations were carried out by combat aircraft including Su (Sukhoi)-30s as part of integrated wargames to enhance the skills of fighter pilots.

  • Exercise Ranvijay was carried out in UB Hills and Central Air Command (CAC) Area of Responsibility (AOR) from 16-23 June 2023.
  • The exercise was carried out in different air bases of the CAC headquartered in Prayagraj, Uttar Pradesh (UP).
  • As a part of the Government of India’s efforts to integrate the forces, different IAF commands carried out wargames and aerial drills to enhance cooperation with the other 2 services.

Note: Su-30, a twin-engine multirole fighter aircraft jointly developed by the Sukhoi Design Bureau, Russia and Hindustan Aeronautics Limited (HAL), India for the IAF.


Just 2.4% of Climate Funds used as Supporting Child-Responsive ActivitiesUNICEF ReportOn June 22, 2023, new report ‘Falling short: Addressing the climate finance gap for children‘ was released by the members of the Children’s Environmental Rights Initiative (CERI) coalition; Plan International, Save the Children, and UNICEF (United Nations Children’s Fund).

  • As per it, only 2.4% of key Multilateral Climate Funds (MCFs) support child-responsive activities, totaling a small portion of USD1.2 billion over a 17-year period until March 2023.
  • This figure is likely an overestimate, as even less money is dedicated to meeting the requirements.

Highlights:
i.While MCFs play a crucial role in setting agendas, mobilizing investments from other public and private finance institutions, they contributed less than 4% of projects, representing 7% of MCF investment ($2.58 billion), prioritize the needs and involvement of girls.
ii.The UNICEF Children’s Climate Risk Index indicates that over a billion children face extremely high risks from climate impacts.
iii.Children are particularly vulnerable to water and food scarcity, water-borne diseases, and physical and psychological trauma due to climate effects.

  • This also disrupts children’s access to basic services like education, healthcare, and clean drinking water.

Assessment:
The report used a set of three criteria to assess climate finance from MCFs serving the UNFCCC (United Nations Framework Convention on Climate Change) and Paris Agreement. These were:
i.Addressing the distinct and heightened risks they experience from the climate crisis,
ii.Strengthening the resilience of child-critical social services
iii.Empowering children as agents of change.
Key recommendations highlighted in Report:
i.Act swiftly to address the adaptation gap.
ii.Allocate funding for losses and damages caused by climate change.
iii.Prioritize children’s well-being and critical social services.
iv.Target the most vulnerable children at high risk due to climate impacts.


Number of people battling Drug Addiction globally up to 296 million: UNODC World Drug Report 2023On June 25, 2023, the World Drug Report 2023 was launched by the United Nations Office on Drugs and Crime (UNODC). As per it, globally, over 296 million people used drugs in 2021, an increase of 23% over the previous decade.

  • The number of people who suffer from drug use disorders also increased to 39.5 million, a 45% increase over 10 years.

What is in the report?
The report covers drug trafficking, environmental crimes, clinical trials with psychedelics and medical cannabis use, drug use in humanitarian settings, innovative drug treatment, drugs and conflict, socioeconomic inequalities driving drug challenges, environmental devastation caused by illicit drug economies, human rights abuses, and the growing prevalence of synthetic drugs.
Highlights:
i.The demand for treating drug-related disorders is largely unmet, with only one in five people receiving treatment for drug use in 2021.
ii.Youth populations are particularly vulnerable to drug use and are heavily impacted by substance use disorders in various regions, such as Africa where 70% of people in treatment are under the age of 35.
iii.There is a need for prioritizing public health, prevention measures, and improving access to treatment services.

  • The right to health is not granted to many individuals who use drugs as inequalities persist in accessing and obtaining controlled drugs for medical purposes.

iv.Law enforcement responses should keep pace with agile criminal business models and the growing availability of cheap synthetic drugs in the market.

  • The cheap, easy, and fast production of synthetic drugs has radically transformed many illicit drug markets.

Click Here for Report
About United Nations Office on Drugs and Crime (UNODC):
Executive Director/Director-General– Ghada Fathi Waly
Headquarters– Vienna, Australia


MDBs, WHO launch health investment platform to strengthen primary healthcare3 Multilateral Development Banks(MDB) — the African Development Bank (AfDB), European Investment Bank (EIB), and the Islamic Development Bank (IsDB), have partnered with the World Health Organization (WHO) to launch the new Health Impact Investment Platform.

  • This aims to strengthen and invest in climate and crisis-resilient Primary Healthcare Services (PHC) in low- and low-and-middle-income countries (LICs and LMICs).

Key Points:
i.The Platform was launched during the Summit for a New Global Financing Pact from 22-23 June in Paris, France.
ii.It will provide €1.5 billion to LICs and LMICs in the form of loans and grants for PHC services, for vulnerable populations and communities.
iii.WHO will act as the Health Impact Investment Platform’s policy coordinator, for financing decisions with national health priorities and strategies. The Platform’s secretariat will support governments to develop national health and prioritize primary healthcare investment plans in support of government health strategies.
NOTE: The Inter-American Development Bank (IDB) is also considering joining this partnership to expand this project to Latin America and the Caribbean region.
About World Health Organization (WHO):
Director general – Dr Tedros Adhanom Ghebreyesus (Ethiopia)
Headquartered – Geneva, Switzerland
Establishment – 1948


Inflation is slowing down Personal Consumption Expenditure: RBI Report As per the article State of the Economy compiled by the Reserve Bank of India (RBI) officials, inflation is slowing down personal consumption expenditure. On the other hand, it is moderating corporate sales and holding back private investment in capacity creation.

  • This article is a part of monthly RBI Bulletin released on June 23, 2023.
  • It should be noted that the views expressed in this article are those of the authors and do not represent the views of RBI.

Key Points:
i.The manufacturing, construction, and services sector are the vivid areas on the aggregate supply side.
ii.Manufacturing posted a pick-up in net profits in January-March 2023 for the first time, after three consecutive quarters of slowdown in profitability.
iii.In construction sector, there will be growth driven by public spending on Capital Expenditure (Capex), including Public Sector Undertakings (PSUs), and surging launches and sale of residential housing units.
iv.Services, which constitutes more than 60% of the gross value added in the economy, are likely to sustain their post-pandemic resurgence.
v.Travel platforms, airlines and hotel chains have strong summer demand in spite of high air fares on both domestic and international routes, and hotel tariffs are already on par with pre-pandemic levels.
vi.In the e-commerce space, the Open Network for Digital Commerce (ONDC), substantially boost gross value added by the trade sector, accelerate overall economic growth and reap productivity gains.
vii.On the agriculture front, wheat procurement is 39.5% higher than the full season procurement last year from 2022.

  • Revision in Minimum Support Prices (MSPs) for 14 major kharif crops led to an effective increase of 7.5% in procurement prices.

About Reserve Bank of India (RBI)
Governor – Shaktikanta Das
Deputy Governors –Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar, and Swaminathan Janakiraman
Establishment – 1st April 1935
Headquarters – Mumbai, Maharashtra


World Bank Approves USD 255.5 Million Loan to Enhance Technical Education in IndiaOn June 26, 2023, one of the World Bank’s institutions  International Bank for Reconstruction and Development (IBRD) granted a USD 255.5 million loan to India (with a maturity period of 14 years, including a grace period of five years), to improve the quality of technical education and expand career opportunities for students.
i. The project will span five years and benefit around 275 government-run technical institutions, reaching over 3.5 lakh students annually.
ii. The World Bank’s support for India’s technical education sector aims to equip students with the necessary skills for the evolving job market, promote gender equality, and foster research and innovation.
Multidisciplinary Education and Research Improvement in Technical Education Project: 
India’s tertiary education sector faces skill gaps in both technical and non-technical areas, as highlighted by recent studies. The Multidisciplinary Education and Research Improvement in Technical Education Project of World Bank, in line with India’s National Education Policy 2020, aims to tackle these challenges by focusing on improving student skills, employability, and institutional governance.

  • This project will provide students with updated curricula that incorporate emerging technologies in communication and climate resilience.
  • It will also enhance internship and placement services, fostering networking opportunities and supporting students’ success in their chosen fields.

The project prioritizes increasing female participation in technical education, particularly among marginalized communities. Outreach programs will be organised to address gender-related issues and misconceptions about women’s abilities in STEM (Science, Technology, Engineering and Math) fields. Female students will be encouraged to complete their courses successfully and gain practical experience.
Additional Info:
Furthermore, the project seeks to promote research and innovation in priority sectors like climate change and sustainable energy, fostering collaboration between academia, industry, and society. It will also strengthen governance and internal quality assurance mechanisms in the participating institutions.
About World Bank:
Establishment July, 1944
Headquarters Washington
President : Ajay Banga


Infosys signs USD 454 million deal with Danske Bank to accelerate its digital transformation

On 26th June 2023, Infosys (Information Systems), India’s No.2 Information Technology (IT) service provider has collaborated with Denmark’s Danske Bank, by signing a deal valued at USD 454 million for 5 year period to accelerate its digital transformation.

  • Infosys will help in digitalizing Danske Bank’s business by adding cloud, data facilities and it will also acquire Danske Bank’s IT centre in India in the financial year (FY) 2023-24.

The collaboration will help to achieve Danske Bank’s with better customer experiences, operational excellence, and a modernised technology landscape, powered by next-gen solutions.
Note: Infosys uses Infosys Topaz, an AI-first set of services, solutions and platforms, to accelerate the bank’s digital agenda.


Five trailblazers win 1st UNESCO–AI Fozan International Prize for the Promotion of Young ScientistsThe 1st edition of UNESCO–AI Fozan International Prize 2023 was conferred upon five exceptional young scientists from Argentina, Cameroon, China, Egypt and Serbia during a ceremony at UNESCO (United Nations Educational, Scientific and Cultural Organization) headquarters in Paris, France.
The winners:
Dr Federico ARIEL (40 years old, Argentina)
He established the basis for the use of RNAs (Ribonucleic acid) to deliver information to plants that avoids recourse to Genetically Modified Organisms (GMOs).

  • He designs special RNA molecules that act as exogenous natural substances to help plants adapt to environmental stress and resist harmful pathogens, thereby reducing the need for synthetic pesticides.
  • This breakthrough will enable us to protect crops from pests and help them withstand heat waves using a GMO-free approach.

Professor Abdon ATANGANA (37 years old, Cameroon)
He has made significant contributions to mathematics, specifically in fractional calculus, differential equations, and mathematical modeling. These have practical applications in solving real-life problems like disease spread, heat transfer, groundwater flow, and weather patterns.
Professor Qiaomei FU (39 years old, China)
She retrieved ancient DNA from human remains and sediments, constructing an evolutionary map of Eurasian populations, particularly East Asian, spanning 100,000 years.
These findings unveils unique human diversity and shape our understanding of human genetic composition and traits.
Dr Hesham OMRAN (38 years old, Egypt)
He has led the development of a toolbox that revolutionizes the creation of efficient semiconductor chips which will save significant time in creating efficient chips for electronic devices like computers, phones, and electric vehicles.
Dr Jelena VLADIC (37 years old, Serbia)
She has developed innovative ecological extraction processes to obtain products from aromatic and medicinal plants and add value to food and agricultural waste.
Moreover, she has used microalgae from wastewater treatment to extract bioactive compounds.
Read full Information about Scientists Here
Prize Money:
The Prize consists of an award of US $ 50,000 for each of the five laureates as well as a medal and a diploma.
Jury:
The jury was composed of three scientists: Dr Edna Matta-Camacho, a structural biologist (Colombia) who founded STEM Tolina, an educational programme; Professor Didier Queloz (Switzerland), who shared the Nobel Prize for Physics with Michel Mayor in 2019 for the discovery of the first exoplanet; and Dr Fadji Zaouna Maina (Niger), an Earth scientist from the NASA (National Aeronautics and Space Administration) Goddard Space Flight Center in the United States (US).
About UNESCO–AI Fozan International Prize:
It was established by UNESCO in 2021 in partnership with the Al–Fozan Foundation in Saudi Arabia for the Promotion of Young Scientists in Science, Technology, Engineering and Mathematics (STEM). It recognizes the achievements of young people, particularly girls and women, that are conducive to socio-economic transformation and development on a global scale in science.

  • It is awarded every two years to five laureates from the five geographic regions of UNESCO (Africa, Arab States, Asia and the Pacific, Europe and North America and Latin America and the Caribbean)
  • It is also on the lines of United Nations 2030 Agenda for Sustainable Development.    

Kyriakos Mitsotakis wins second term as Greek PMOn 25th June 2023, Kyriakos Mitsotakis, leader of Greece’s centre-right New Democracy (ND) party, won the national election and secured a 2nd four-year term as the Prime Minister(PM) of Greece.

  • He was sworn in as the PM of Greece on 26th June 2023 by the Archbishop of Athens, head of the Church of Greece.

Note: Kyriakos Mitsotakis served as the PM of Greece for the first term from July 2019 to May 2023. He has been serving as the President of the ND party since 2016.
National Election of Greece: 
The ND party had earned over 40% of the votes, 158 seats out of the 300 seats.  Its main opposition, Alexis Tsipras (former PM from 2015 to 2019)’s centre-left party Syriza, earned over 17% (about 48 seats) of the vote.

  • The election held on 25th June 2023 was the second held in Greece in five weeks.
  • The first election was held on 21st May 2023, in which the ND party came first with 145 seats but failed to secure an outright majority in the parliament (146 seats).

Note: Under Greek rules for a second election, the biggest party is awarded a bonus of between 20 and 50 seats. With more than 40% of the vote, ND won all 50 seats.
About Kyriakos Mitsotakis:
i.In 2003, Kyriakos Mitsotakis entered politics and was elected to parliament with the ND party in the March 2004 elections.

  • Since 2004, he has participated in the Committee for Constitutional Amendment, the Committee for Trade and the Committee for National Defense as a member of the Parliament.
  • He was re-elected in the general election in 2007, 2009, 2012 and 2015.

ii. He was the first in order parliamentary representative of ND in Parliament from February to November 2015.
iii. He has also served as the Minister of Administrative Reform and e-Government from June 2013 to January 2015.
iv.He was also an active member of the North Atlantic Treaty Organisation (NATO) Parliamentary Assembly.
Additional info:
Before entering politics, Kyriakos Mitsotakis worked as a financial analyst with Chase Investment Bank, and as a consultant with McKinsey and Company for ten years.
In 1999 he joined the National Bank of Greece as the chief executive officer (CEO) of NBG Venture Capital.
About Greece:
Capital- Athens
Prime Minister (PM)- Kyriakos Mitsotakis
Currency- Euro


IUCAA delivered SUIT telescope to ISRO for the solar missionThe Solar Ultraviolet Imaging Telescope (SUIT), a space telescope developed by Pune’s Inter-University Center for Astronomy and Astrophysics (IUCAA), was delivered to the Indian Space Research Organisation (ISRO) for its ADITYA-L1 solar mission.

  • SUIT is set to be one of the seven payloads of ADITYA-L1, India’s first mission to study the sun.
  • The main purpose of the telescope is to study the Sun’s ultraviolet (UV) emissions and capture high-resolution images of the Sun’s atmosphere, known as the corona, in various UV wavelengths.

Features of SUIT telescope:
i. TheSUIT telescope will provide full disk images of the sun in the 2000 to 4000 A (1 angstrom = 10^-10 m) wavelength range which has never been obtained so far.
ii.Suit will operate in the far and near ultraviolet regions, covering wavelengths of 200-400 nanometers. It will observe the hotter and more dynamic regions of the Sun’s atmosphere, such as the transition region and the corona.
iii.The plan for SUIT was initiated by ISRO in 2012 and work started on its development in 2016.
iv. SUIT will study the dynamic of solar flares, sudden, violent outbursts of energy from the sun.
v.SUIT should be kept in a contamination free place. For that purpose  ISRO developed special filters to control the heat and light entering the telescope.
About Aditya L1 mission:
i.Aditya L1 will be placed in a halo orbit around the Lagrange point 1 (L1) of the Sun-Earth system, which is about 1.5 million km from the Earth.

  • It is expected to launch at the end of August 2023.

ii.L1 point has the major advantage of continuously viewing the Sun without any eclipses.
iii.The main objectives of this mission include studying the sun’s atmosphere and dynamics of solar winds.
About SInter-University Centre for Astronomy and Astrophysics (IUCAA):
Director – R. Srianand
Established – 1988
Location – Pune, Maharashtra


Nobel Laureate, Goodenough, the American Co-inventor of Lithium-ion Batteries Passed AwayOn 25th June 2023,  John Bannister Goodenough(100), the American co-inventor of Lithium-ion batteries and a co-winner of 2019 Nobel prize for Chemistry, passed away. He was born on 25th July 1922 in Jena, Germany.
Education and career:

  • He served during the 2nd World War as a meteorologist in the United States(US) Army after studying mathematics at Yale University, US.
  • In 1952, he studied at the University of Chicago, receiving a doctorate in physics.
  • He later worked at the Massachusetts Institute of Technology (MIT) and Oxford University in Great Britain.
  • Since 1986 he has been a professor at the University of Texas at Austin, US.

His works:
i.Goodenough also played a significant role in the development of Random Access Memory (RAM) for computers.
ii.In 1979 Goodenough and his collaborators developed a battery with a cathode of lithium ions having the potential of 4 volts between layers of cobalt oxide.
Awards:
He has been honoured with the National Medal of Science (2011), the Charles Stark Draper Prize (2014), and the Copley Medal (2019).
Books:
He wrote Magnetism and the Chemical Bond (1963), Solid Oxide Fuel Cell Technology: Principles, Performance and Operations (2009, with Kevin Huang), and an autobiography, Witness to Grace (2008).
Note: Goodenough shared the Nobel prize with British-born American chemist M. Stanley Whittingham and Japanese chemist Yoshino Akira. He was the oldest person to win a Nobel Prize.


Rajya Sabha MP Hardwar Dubey passes away at 74On 26th June 2023, Hardwar Dubey, Member of Parliament (MP) – Rajya Sabha from Uttar Pradesh (UP), passed away at the age of 74 in New Delhi, Delhi.

  • He was a member of the Bharatiya Janata Party (BJP) and was a sitting MP Rajya Sabha from UP since November 2020.

About Hardwar Dubey:
i.He was born on 1st July 194, in Hussainabad, Ballia district of Uttar Pradesh(UP).
ii.He served as a Member of Legislative Assembly (MLA) from Agra cantonment constituency twice, from 1989 to 1989 and 1991 to 1993.
iii.He served as the Minister of finance of the Uttar Pradesh government under the Chief Ministership of Kalyan Singh from 1991- 1992.
iv.During his tenure as the member of Rajya Sabha, He served as the member of various committees including Consultative Committee for the Ministry of Petroleum and Natural Gas, Committee on Industry, Joint Committee on Offices of Profit, and Committee on Personnel, Public Grievances, Law and Justice.


Journalist Kasturi Ray authored a new book “Droupadi Murmu: From Tribal Hinterlands to Raisina Hills”

The new book titled Droupadi Murmu: From Tribal Hinterlands to Raisina Hills” authored by journalist Kasturi Ray illustrates the challenges Murmu encountered on her path to success as India’s first president from a tribal community. The book is published by Rupa Publications, India, with a ‘Foreword’ by Kiran Bedi, Former Lieutenant Governor of Puducherry.

  • Kasturi Ray analysed Murmu’s life from her school and college days to becoming a Teacher, Social worker, Counsellor, Minister, Governor of Jharkhand, and the President.

Kasturi Ray is a senior news editor at The New Indian Express in Bhubaneswar, Odisha and a South Asian Women in Media (SAWM)-United Nations Children’s Fund (UNICEF) fellow for reporting development journalism.
Noted Works: “Indira Gandhi: The Final Chapter” and “Mamata Banerjee: The Story of India’s Rebel Queen”.


International Day in Support of Victims of Torture 2023 – June 26 The United Nations (UN)’s International Day in Support of Victims of Torture is annually observed across the world on 26th June to raise awareness and remind people that human torture is not only unacceptable, it is also a crime.
This day is also observed to speak out against the crime of torture and to honour and support victims and survivors of torture throughout the world.
Background:
iOn 12th December 1997, the United Nations General Assembly (UNGA) adopted the resolution A/RES/52/149 and proclaimed the 26th June of every year as United Nations International Day in Support of Victims of Torture.
ii. The first-ever International Day in Support of Victims of Torture was observed on 26th June 1998.
About United Nations (UN):
Founded in- 1945
Secretary-General- António Guterres
Headquarters- New York, the United States of America (USA)


International Day Against Drug Abuse and Illicit Trafficking – June 26 2023The International Day against Drug Abuse and Illicit Trafficking, or World Drug Day, is annually observed across the globe on 26th June to create awareness regarding the negative effects of drug abuse and illegal trade.

  • The United Nations Office on Drugs and Crimes (UNODC) has announced the theme for 2023 as ‘People first: Stop stigma and discrimination, strengthen prevention’.

Key Points:
i.The global event encourages people to quit drug usage and adopt a healthier lifestyle by conducting various campaigns, rallies, and awareness programs that create awareness about the ill effects of drug abuse.
ii.The main objective of celebrating this day is to understand the underlying causes of drug usage and promote evidence-based approaches to drug prevention and treatment.
About United Nations Office on Drugs and Crimes (UNODC):
Executive Director– Ghada Fathi Waly
Headquarters– Vienna, Austria

Day of the Seafarer 2023 – June 25 The United Nations (UN)’s Day of the Seafarer (DotS) is annually observed across the world on 25th June to raise awareness of the important role Seafarers play and the challenges they face in global trade. The day also offers a platform to recognise and honour the invaluable contributions of seafarers to the world economy and economic and social well-being.

  • 25th June 2023 marks the observance of the 13th edition of the ‘Day of the Seafarer’
  • The observance of the DotS is led by the International Maritime Organisation (IMO).

The theme/Campaign theme of Day of the Seafarer 2023 is “Seafarers, MARPOL, and the Marine Environment”.
Background:
iResolution 19 was adopted at the IMO’s Conference of Parties to the International Convention On Standards of Training, Certification and Watchkeeping for Seafarers (STCW), 1978 (the Diplomatic conference held in Manila, Philippines in June 2010) and proclaimed 25th June of every year as the Day of the Seafarer.
ii. The first-everDotS was observed on 25th June 2011.
About International Maritime Organisation (IMO):
Established in- 1948
Secretary-General- Kitack Lim
Headquarters- London, The United Kingdom (UK)

World Refrigeration Day 2023 – June 26 World Refrigeration Day (WRD) is annually observed across the world on 26th June to raise awareness and understanding of the important role that the refrigeration, air-conditioning and heat-pump industry and its technology play in modern life.

  • WRD also celebrates the people and technologies responsible for creating and maintaining the world we live in, a world dependent upon temperature-controlled environments.
  • WRD is an international awareness campaign established by the World Refrigeration Day Secretariat.

The theme/Campaign of WRD 2023 is “Next Generation Cooling: The Future is in our hands“, which focuses on the future of cooling technology, the industry and people working within it, and those that benefit from cooling.
Significance:
iNext generation cooling is important because it can help reduce the energy consumption and carbon emissions (CO2) of cooling systems, which are becoming more widely used as the world gets hotter and more humid.
ii. The 2023 campaign in line with the theme of WRD 2022 ‘Cooling Matters’ will look forward with the aim of raising awareness of how the modern cooling industry is adapting and evolving to meet the challenges and opportunities the sector faces providing the increasing demand for low carbon cooling and heating solutions in a warming climate.
Background:
iWRD was the idea of refrigeration consultant Stephen Gill, former president of the Institute of Refrigeration in the United Kingdom (UK), and it was started in coincidence with the establishment of the World Refrigeration Secretariat in 2019.
ii. The first-ever WRD was observed on 26th June 2019.
Note: It was an immediate monumental success when more than 800 physical events took place in at least 153 countries around the world.
Why June 26?
The day 26th June was chosen by signifying the birthday of Lord Kelvin, also known as William Thomson, Scotsman Kelvin, a renowned inventor inventing an international system of measuring absolute temperature, which is obviously a vital part of refrigeration.
Additional info:
iIn 2019 the United Nations (UN)’s Environment’s OzonAction Programme (UNEP) announced its partnership with WRD to promote awareness of the importance of refrigeration.
ii. According to the International Energy Agency, Air Conditioners (AC) account for nearly 20% of the total electricity used in buildings around the world today, and their use is set to rise over the next three decades, becoming one of the top drivers of global electricity demand.


NHPC and GRIDCO signed a MoU for developing Solar Energy Projects in Odisha

On 23rd June 2023, NHPC Limited (erstwhile National Hydroelectric Power Corporation), India’s largest hydropower development company signed a Memorandum of Understanding (MoU) with GRIDCO Limited (Grid Corporation of Odisha), a Government of Odisha undertaking for the development of pumped storage projects (PSPs) and renewable energy in Odisha.

  • The MoU envisions setting up Self-identified PSPs of at least 2,000 megawatts (MW) and renewable energy projects (on-ground and floating solar projects) of at least 1,000 MW in Odisha.

Current Affairs – 25 & 26 June 2023

National Energy Data: Survey and Analysis 2021-22 Report, Released by MNREOn 23rd June 2023, The report titled National Energy Data: Survey and Analysis 2021-22 was released by Raj Kumar Singh, Union Minister for Power, New and Renewable Energy (MNRE) at Shram Shakti Bhawan, New Delhi, Delhi.

  • This report is produced by the Energy Data Management Unit under the Bureau of Energy Efficiency(BEE), Ministry of Power in collaboration with NITI Aayog(National Institution for Transforming India) which provides detailed insights into energy supply and consumption patterns across various sectors of the Indian economy.

Key highlights of the report:
Value Addition:
i.The report provides detailed fuel-wise energy consumption data for various sectors which enables to understand their energy profiles.
ii.The use of distinct conversion factors for domestic coal and imported coal, based on different calorific values, provides a realistic picture of coal-based energy supply and consumption in the country.
About Ministry of New and Renewable Energy(MNRE):
Union Minister– Raj Kumar Singh (Constituency-Arrah,Bihar)
State Minister– Bhagwanth Khuba (Constituency-Bidar,Karnataka)


Women and Child Development Ministry discontinued its Autonomous Bodies RMK & CSWBThe Ministry of Women and Child Development (MWCD) discontinued its two autonomous bodies, Rashtriya Mahila Kosh (RMK) and Central Social Welfare Board (CSWB), as well as its internal division namely Food and Nutrition Board (FNB).

  • This decision is a part of the Ministry of Finance’s rationalization exercise to shut down departments and sections that no longer have relevance in the current scenario.

About RMK:
Launched in 1993 to extend collateral-free credit to women in the informal sector, it was registered under the Societies Registration Act, 1860. In November 2020, the ‘Rationalisation of Government Bodies’ report by the Chief Economic Adviser (Then- Krishnamurthy Subramanian) recommended its closure, citing the availability of alternative credit options like microcredit schemes such as Pradhan Mantri Jan-Dhan Yojana (PMJDY) and PM Mudra Yojana. The move will help in avoiding duplicity.
About CSWB:
Formed in 1953 as a charitable company, it was one of the first efforts by the Indian government to build a body on the principle of voluntarism, and aims to function like a Non-Governmental Organisation (NGO). It was registered under the Indian Companies Act 1956 to promote social welfare organizations, study their needs, and provide aid to Panchayati Raj institutions. It has been mostly inactive for some time now.
About FNB:
Set up in 1964, is an attached office of the MWCD. Originally with the Ministry of Food, the FNB was shifted to MCWD in 1993 as technical support wing. It has four regional offices and quality control laboratories at Delhi, Mumbai (Maharashtra), Kolkata (West Bengal) and Chennai (Tamil Nadu), in addition to 43 Community Food & Nutrition Extension Units (CFNEUs) in 29 states and UTs.
Key Points:
i.RMK and CSWB are among the six autonomous bodies under the WCD ministry; the others being the National Institute of Public Cooperation and Child Development (NIPCCD), National Commission for Women (NCW), National Commission for Protection of Child Rights (NCPCR) and Central Adoption Resource Authority (CARA).
ii.The budgetary allocation for CSWB in 2023-24 (FY24) was Rs 40.06 crore. For the FNB, Rs 18 crore was set aside in FY24. There has been no allocation for RMK in FY24.


India’s first, Hydrogen-Powered Trains to run from Jind district of Haryana Indian Railways is set to introduce its first hydrogen train, expected to start operating from Jind district in Haryana by March 2024.The first prototype of the hydrogen train is scheduled to run between the Jind-Sonipat (Haryana) Section of Northern Railway in the fiscal year 2023-2024.

  • India’s first hydrogen plant is being established near the railway junction in Jind (Haryana) district, in order to support this initiative.
  • The hydrogen plant is in its final phase of development and is expected to be completed by December 2023.
  • The hydrogen plant will produce hydrogen from water and will play a pivotal role in powering the hydrogen trains.

Note: Currently, trains in India run on diesel and electricity and it is claimed that hydrogen powered trains have been running only in Germany.
Key Points:
iHydrogen trains use hydrogen fuel cells instead of diesel engines, and those cells produce electricity by combining hydrogen and water, which generates electricity used to power the train’s motor.

  • The by-products are water and a little heat.

ii. The hydrogen fuel based train of eight bogies will be environment friendly, as hydrogen fuel does not produce harmful emissions.
iii. The introduction of hydrogen-powered trains will not only reduce carbon (CO2) emissions but also pave the way for a cleaner and greener future.
Note: Senior officials have also visited the site to assess the requirements for setting up a hydrogen pump in Jind (Haryana) and establishing the necessary infrastructure.


India and UAE signed a Mutual Recognition Arrangement for Authorized Economic Operators

On 23rd June 2023, India and United Arab Emirates (UAE) signed Mutual Recognition Arrangement (MRA) for authorised economic operators (AEOs) of both countries on sidelines of the 141st/142nd sessions of World Customs Organization(WCO) Customs Co-operation Council meeting, in Brussels, Belgium.

  • The agreement is signed to promote greater trade facilitation and ease of doing business between the 2 countries.

By recognizing the AEO status India and the UAE seek to streamline and quicken customs procedures, reducing administrative burden and costs for authorised businesses.
Background:
i.The MRA comes as the continuation of historic India-UAE Comprehensive Economic Partnership Agreement (CEPA), which was signed between the two nations on 18 February 2022, officially came into force on 1 May 2022.
ii.CEPA is expected to increase the total value of bilateral trade in goods to over USD 100 billion and trade in services to over USD 15 billion within five years.
Note: In September 2021, India and the US had signed a MRA AEO.


World Bank unveils debt payment pause, IMF touts $100 bn for poorestOn June 22, 2023, the World Bank (WB), during the Summit for a New Global Financial Pact in Paris, France announced measures to aid countries hit by natural disasters, including a pause in debt repayments to WB.

  • The International Monetary Fund (IMF) also announced its target of making $100 billion in special drawing rights available for vulnerable nations.

Key Points:
i.The summit aims to give impetus to a new global finance agenda.
ii.This pause in debt repayments will give countries flexibility to redirect funds for emergency response, providing new types of insurance to help development projects and helping governments build advance-emergency systems.
iii.This initiative aims to boost crisis financing for low-income states and ease their debt burdens, reform post-war financial systems and free up funds to tackle climate change by getting top-level consensus on how to promote a number of initiatives.


Global Startup Ecosystem Report 2023: Bengaluru ranked 20th & Silicon Valley Topped the Global ListAccording to the Global Startup Ecosystem Report 2023 (GSER 2023) released by  policy advisory and research firm Startup Genome, Indian ecosystems continue to rise, with Bengaluru (Karnataka) startup ecosystem has positioned to the 20th spot, moving two places from 2022 and Mumbai (Maharashtra) moved up five places to 31st position and Delhi moved up two places to 24th position respectively in the Global Startup Ecosystem list 2023.

  • Among the emerging ecosystems, Pune (Maharashtra) has moved into the 31-40 range in 2023, from 51–60 in 2022.
  • Silicon Valley remaining at the top ecosystem in the GSER 2023 followed by New York City and London tied at 2nd position. They are maintaining the top three position from 2020.

Key Points:
i.Los Angeles and Tel Aviv were at 4th and 5th position, whereas Boston and Beijing were at the 6th and 7th position respectively.
ii.Miami being ranked as 23rd has made impressive progress by making it into the top 30 ecosystems, an improvement of 10 positions from 2022.
About Startup Genome:
Founder & CEO – JF Gauthier
Headquarters – San Francisco, California, United States


LIC  – launches close-ended ‘Dhan Vridhhi’ plan and Sold 2.07% stake in NMDC for Rs 649 croreOn June 23, 2023, the Life Insurance Corporation of India (LIC) launched the non-linked, non-participating, individual, savings, single-premium, close-ended life insurance plan, named ‘Dhan Vridhhi’ to offer a combination of protection and savings.

  • The plan was being available for sale from June 23 to September 30,  2023.
  • The plan provides financial support for the family in case of the unfortunate death of the life assured during the policy term.
  • As the plan is being a single premium plan, there is no future premium obligation and no lapsation.

– LIC Sold 2.07% stake in NMDC for Rs 649 crore
LIC sold over 6.06 crore shares or 2.07% stake in iron ore producer NMDC Lmited (formerly National Mineral Development Corporation) between March 14 and June 20 for around Rs 649 crore at an average price of Rs 107.59 a share via open market sale.
Now the LIC’s shareholding in NMDC has decreased from 11.69% to 9.62%.
About Life Insurance Corporation (LIC) of India
Headquarters -Mumbai, Maharashtra
Establishment -1956
Interim Chairman – Siddhartha Mohanty


Aditya Birla Sun Life Insurance launches ‘Nishchit Pension Plan’Aditya Birla Sun Life Insurance Company Limited (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), has announced the launch Nishchit Pension Plan‘ a comprehensive retirement solution. It is a non-linked, non-participating individual pension plan for retirement.

  • It helps in accumulating 100% guaranteed corpus, to secure an uninterrupted income.

Key points:
i.ABSLI’s Nishchit Pension Plan enables the policyholders to customize the plans according to their retirement goals, by providing Premium Payment Term (PPT) & Policy Term (PT) options.
ii.It will offer returns on premiums invested, loyalty additions depending on premium and its term, provided the policy is in-force and all due premiums have been paid.
Features:
i.Policyholders can choose from multiple PPT options, ranging from 5, 6, 8, 10, and 12 years & Regular Pay options.
ii.The maximum entry age to avail ABSLI Nishchit Pension Plan is 65 years, while the minimum entry age is 30 years.
iii.The minimum annualized premium is Rs. 20,000 and there is no limit on the maximum premium that you can pay.
iv.The maximum age to avail the vesting benefit is 75 years, while the minimum vesting age is 45 years.
Note – Vesting: The age at which the insured starts to receive the pension is called the vesting age. Once the vesting age is reached, the policy begins to release the annuity payout amount in the frequency mentioned in the policy
About Aditya Birla Sun Life Insurance:
MD & CEO- Kamlesh Rao
Established- 2000
Headquartered- Mumbai


Manipal Technologies partners with Indian Bank to offer Customised Banking Solutions On 22nd June 2023, Manipal Technologies Limited (MTL), a multi-business enterprise, partnered with Indian Bank, a public sector bank to promote financial inclusion by offering customised banking products to empower millions of underserved individuals across India.
As part of this association, MTL will work closely with Indian Bank to offer tailor-made banking products in rural locations and unlock their economic growth potential.
Objective:
iThe partnership aims to build a sustainable network of Corporate Business Correspondents (CBCs) that will enhance the availability, affordability and accessibility of financial services, particularly in underserved markets and rural areas.
Features of the alliance:
iThe initial focus will be serving more than 600 locations and eventually extending the presence in newer regions in states such as Tamil Nadu (TN), Chhattisgarh, Uttar Pradesh (UP), Kerala, Maharashtra, Haryana, and Punjab.
ii. The Indian Bank’s alliance with MTL will further enable the Bank to extend its reach beyond existing branches and serve the unbanked and underbanked customers of India.
iii. The Indian bank also aims to empower individuals with seamless access to financial services, ranging from account opening, withdrawals, deposits, lead generation, opening FDs, and applying for loans.
iv. The extensive network of MTL’s trained Field Business Correspondents (FBCs) will enable Indian Bank in reaching out to individuals in remote areas to ensure the convenient access to financial services.
v. MTL’s business portfolio across domains, includes fintech, financial inclusion, doorstep banking, fraud risk management, gold loans, digital solutions, print management, cards, commercial print, and secure solutions.
Additional Info:
The Indian Bank recorded a 47% rise in net profit for the March quarter (the period of 3 months beginning on 1 January 2023) to Rs.1,447 crore, helped by a decrease in bad loans and a rise in interest income.
Note: For the year ended March 2023, the profit of the Indian Bank increased by 34% to Rs 5,282 crore against Rs 3,945 crore in FY2022.
About Indian Bank:
Incorporated on– March 5, 1907
Commenced on– 15 August 1907
MD & CEO– Shanti Lal Jain
Headquarters– Chennai, Tamil Nadu
Tagline– Your Own Bank/ Apka Apna Bank


Sahitya Akademi announced winners of Bal Sahitya Puraskar and Yuva Puraskar Awards 2023    On 22nd June 2023, the Executive Board of the Sahitya Akademi, India’s National Academy of Letters, an autonomous organisation under the Ministry of Culture chaired by Madhav Kaushik, President, Sahitya Akademi declared a list of 22 recipients of its Bal Sahitya Puraskar and 20 winners of its Yuva Puraskar for the year 2023.

  • The works were selected on the basis of recommendations made by the Jury of 3 members each in concerned language in accordance with rules and procedure laid down for the purpose.

Sahitya Akademi Bal Sahitya Puraskar 2023:
iIt is an annual award established in 2010 for the most outstanding book by an Indian author, first published in any of the languages recognized by the Akademi during the five years prior to the year, immediately preced­ing the year of the award, i.e. books published between 2017 and 2021 are considered.
ii. The Akademi announced 22 winners in the category and the award will be given for 1 Stories, 7 Short stories, 7 Novels, 1 Poetry and Stories, 1 Play, 1 Memoir and 4 Poetry.
Sahitya Akademi Yuva Puraskar 2023:
iIt is an annual award established in 2011 to recognise young writers of the age 35 years and below in Indian languages.
ii. The Akademi announced 20 winners in the category and the award will be given for 9 Short Stories, 7 Poetry, 1 Plays, 1 Criticism, 1 Historical, 1 Novel.
About Ministry of Culture:
Union Minister- Gangapuram Kishan Reddy (Constituency: Secunderabad, Telangana)
Minister of State (MoS)- Arjun Ram Meghwal (Constituency: Bikaner, Rajasthan )Meenakashi Lekhi (Constituency: New Delhi, NCT of Delhi)


India’s Harish Bhat ranked 10th on Forbes World’s Most Influential CMOs List 2023Walmart’s William White TopsOn June 22, 2023, 11th edition of ‘The Forbes World’s Most Influential CMOs List: 2023’ was released in which Tata group’s brand custodian Harish Bhat ranked 10th as the most influential CMOs (Chief Marketing Officer) for the 2nd consecutive year.

  • The list was announced in Cannes at a special luncheon event held at the Carlton hotel in France.

Key Points:
i.At 21st rank, the Indian origin Asmita Dubey, Chief Digital & Marketing Officer, L’Oreal also named in the list.
ii.The list recognizes 50 chief-marketers whose influence on their brands, businesses, culture, people, and the global marketing community, stand apart.
iii.Of this year’s 50 honorees, 28 make the list for the first time.
Assessment:
With primary research partner, Sprinklr, and with key supplemental data and analysis provided by LinkedIn, Forbes analyzed over 11 billion individual data points to get to the 50 CMOs.

  • 2,892 brands or companies that appeared in one or more of seven distinct and authoritative data sources (including The Forbes Global 2000 and Brand Finance 500) were assessed on 22 indicators and proxies for CMO influence.

Forbes list of most influential CMOs 2023: Top 5

  • The Forbes CMO Hall of Fame was initiated in 2022 to mark the 10th anniversary of the Forbes World’s Most Influential CMOs list.
  • It recognizes those chief marketers who have appeared, or would have, on the list at least five times since its inception.          

IIT Kanpur successfully conducts Test Flight for Cloud Seeding/Artificial RainThe Indian Institute of Technology, Kanpur (IIT-K), Uttar Pradesh (UP) successfully conducted a test flight/experiment for their cloud seeding project. It was a test of artificial rain through cloud seeding. The experiment was conducted with due approval from DGCA (Directorate General of Civil Aviation).

  • Cloud seeding is the process of enhancing the chance of precipitation by using different chemical agents like silver iodide, dry ice, salt, and other elements.

Note: Initiated in 2017, IIT-K Cloud Seeding Project is led by Professor Manindra Agarwal of the Department of Computer Science and Engineering.
About Experiment:
In the experiment, an IIT-K’s Cessna aircraft took flight from the institute’s airstrip, reaching an altitude of 5000 feet. Using cloud seeding technology, the aircraft released chemical powder into the clouds (cloud seeding attachment), stimulating the formation of raindrops. Shortly after, rainfall was observed in the surrounding areas, validating the effectiveness of the artificial rain technique.

  • The cloud seeding attachments used in the experiment were procured from a manufacturer in the United States (US), and the necessary modifications to the aircraft were approved by both the US-based Cessna and the DGCA (Directorate General of Civil Aviation). Following the completion of the procedure, the test flight safely returned to the IIT-K Flight Lab airstrip.

Key Points:
i.This achievement opens up possibilities for creating rainfall in drought-prone regions of UP mainly Bundelkhand, and benefit agricultural communities facing water scarcity.
ii.The cost of cloud seeding is roughly Rs 2 to Rs 5 lakh for an hour of the exercise.


SpaceX launches 47 Starlink satellites, lands rocket at sea

On 22nd June 2023, SpaceX (Space Exploration Technologies Corporation) launched 47 Starlink internet satellites by Falcon 9 rocket lifted off from Vandenberg Space Force Base, California, United States of America(USA).

  • The Falcon 9’s first stage returned to Earth, landed on the SpaceX droneship ‘Of Course I Still Love You’, stationed in the Pacific Ocean.

As of now SpaceX has launched more than 4,600 Starlink satellites, most of them are currently operational.
Note: Starlink satellites are equipped with optical space lasers to create a global broadband internet network that provides high speed connectivity even to the remote corners of the Earth.


Sports Minister Anurag Singh Thakur launched IOA ‘Bharat in Paris’ campaignOn 23rd June 2023, Union Minister of Youth Affairs and Sports Anurag Singh Thakur flagged off Indian Olympic Association’s (IOA) “Bharat in Paris” campaign with a marathon (7 km) at the Jawaharlal Nehru Stadium in New Delhi.
As part of the IOA’s movement of blending sports with sustainability, the participants of the “Bharat in Paris” campaign wear jerseys made from a blend of hemp, bamboo and beechwood.
Initiatives of India for Paris Olympic 2024:
i.The Ministry of Youth Affairs and Sports had launched the Target Olympic Podium Scheme (TOPS) in September 2014, with an aim to support India’s top athletes for all their expenses of boarding, lodging and training in India and abroad.
ii.TOPS was revamped in April 2018 to establish a technical support team for managing the TOPS athletes and providing holistic support.

  • As of June 2023, this scheme supports 105 TOPS Core Group Athletes across 13 sporting disciplines.It includes both men’sHockey and women’s Hockey teams and 269 TOPS Development Group athletes across 12 sports disciplines.
  • The Athletes including Mirabai Chanu, PV Sindhu and Neeraj Chopra are benefited through this scheme.

Paris Olympic 2024:
Paris Olympics 2024 is set to begin from 26 July 2024 to 11 August 2024 at Paris in France.
Mascot:The name of the Paris 2024 mascot is Olympic Phryge, based on the traditional small Phrygian hats that the mascots are shaped after.

  • The name and design were chosen to represent symbolic figures of the French republic as well as emblems of liberty.

ONDC and Kerala Govt signed an agreement for better market access to PSU products

On 23rd June 2023, the Open Network for Digital Commerce (ONDC) signed an agreement with the Department of Industries and Commerce of the Kerala state to increase access and business opportunities in various sectors in Kerala by facilitating digital transformation.

  • This collaboration holds huge potential for improving the growth and visibility of public sector units (PSUs) offerings and facilitating increased accessibility for consumers across Kerala.
  • Nine PSUs have already signed an agreement with ONDC and currently around 200 products of PSU’s are available on ONDC platform.

Key People:
Suman Billa, Principal Secretary, (Industries & Norka), Government of Kerala and Thampy Koshy, Chief Executive Officer (CEO) of ONDC exchanged the MoU.
Antony Raju, Minister of Transport, Kerala; P. Rajeeve,  Minister of Law, Industries & Coir, Kerala; Dr. VP Joy, Chief Secretary, Goevernment of Kerala were some of the key people involved.
Highlights:
iIn the next phase of the collaboration, the products of Micro, Small & Medium Enterprises (MEMEs) will be made available on ONDC platform.
ii. Workshops will be conducted in all taluks to create awareness onthe possibilities offered by ONDC.
iii. The agreement with ONDC will bring a momentum for PSUs MSMEs and the industries to market their products widely and assist Kerala industries go globally under the tag of ‘Kerala Brand’.
Note: The transport department will also be engaged in a pact with the ONDC.
Shiprocket seller app integrates with ONDC on boarding
Shiprocket, India’s 106th unicorn and an e-commerce enablement platform has announced the integration of the “Shiprocket seller app with Open Network for Digital Commerce (ONDC) to facilitate the on boarding of sellers on the ONDC network.

  • With the help of Shiprocket’s seller app, the Shopify-powered stores of merchants will be discoverable on the network.
  • This integration aligns with Shiprocket’s mission to standardise e-commerce for merchants in BHARAT (India).

Note: Shiprocket plans to enable five categories on ONDC including beauty and personal care, fashion, electronics and appliances, health and wellness and home and kitchen.


Paytm Signs MoU With Arunachal Pradesh to Develop Startup Environment 

On 22nd June 2023, Paytm Payment Services Limited (PPSL) signed an Memorandum of understanding (MoU) with Arunachal Pradesh Innovation and Investment Park (APIIP) to develop a startup environment for the youth in Arunachal Pradesh.

  • To support the business of young people, Paytm Incubation Centre will offer free credits through the Paytm Startup toolkit and its product at a  subsidised rate to early-stage firms.

The MoU was signed in the presence of its CEO Tabe Haidar, at the APIIP, the first state-owned marquee incubator.
NOTE: On 18th May 2023, Paytm partnered with State Bank of India (SBI) Card to launch Paytm SBI Card on the RuPay network.


The IT department in Himachal Pradesh has been renamed as the Digital Technology Department.

The Himachal Pradesh(HP) government has renamed its Department of Information Technology(IT) as the Department of Digital Technologies and Governance and the approval to this effect was given by the state cabinet of HP.Himachal Pradesh has become the first state in India to have this nomenclature to transform the state into a digitally advanced state.

Current Affairs – 24 June 2023

BIS Releases Quality Standard IS 18267: 2023 for Agri By-Product UtensilsOn 16th June 2023, The Bureau of Indian Standards (BIS) has published IS 18267: 2023 on ‘Food Serving Utensils Made from Agri By-Products – Specification’, aimed at reducing plastic pollution and promoting sustainability.

  • The IS 18267: 2023 lays down the norms to make disposable utensils free from harmful additives and contributes towards environmental safety, conserve natural resources, promote a circular economy.

Key Points: 
i.The BIS standards covers various aspects such as raw materials, performance and manufacturing techniques such as hot pressing, cold pressing, molding, and sewing. 
ii.The IS 18267: 2023 standard, emphasizes the use of agricultural by-products, such as leaves and sheaths, as preferred materials for making plates, cups, and bowls.
iii.It prohibits the use of chemicals, resins, and adhesives, and recommends appropriate parts of plants and trees for production.
The disposable plate market is estimated to reach US$ 6.73 billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 5.94% from 2021 to 2028 helps in providing economic opportunities to farmers, Micro, Small & Medium enterprises (MSME) and controls plastic and air pollution caused by the burning of agricultural by-products.


GoI Amended the Electricity (Rights of Consumers) Rules, 2020 introduced TOD Tariff & Rationalized Smart Metering ProvisionsGovernment of India (GoI) has introduced two changes to the prevailing power tariff system, through an amendment to the Electricity (Rights of Consumers) Rules, 2020.

  • The changes are: introduction of Time of Day (ToD) Tariff, and rationalization of smart metering provisions.

TOD Tariff System:
i.Under the ToD Tariff system, Tariff during solar hours (duration of eight hours in a day as specified by the State Electricity Regulatory Commission) of the day shall be 10%-20% less than the normal tariff, while the tariff during peak hours will be 10 to 20 percent higher.
ii.ToD tariff would be applicable for Commercial and Industrial consumers having Maximum demand of 10 KW and above, from 1st April, 2024 and for all other consumers except agricultural consumers, latest from 1st April, 2025.
iii.ToD tariff should be made effective immediately after installation of smart meters, for the consumers with smart meters.
Benefits:

  • As per the statement of Union Power and New & Renewable Energy Minister R. K. Singh ToD tariffs comprising separate tariffs for peak hours, Solar hours and normal hours, send price signals to consumers to manage their load according to the Tariff.
  • With awareness and effective utilization of ToD tariff mechanism, consumers can reduce their electricity bills.
  • As the solar power is cheaper, the tariff during the solar hours will be less, so the consumer will get benefited.

Rules over amendment in smart metering provision:
i.GoI simplified the rules for smart metering to avoid inconvenience / harassment of the consumers, the existing penalties for increase in consumer’s demand beyond the maximum sanctioned load / demand have been reduced.
ii.As per the amendment in metering provision, post installation of a smart meter, no penal charges will be imposed on a consumer based on maximum demand recorded by the smart meter for the period before installation date.
iii.Load revision procedure has also been rationalized and smart meters should be read remotely at least once in a day and the data should be shared with Consumers in order to enable them to take informed decision about electricity consumption.
Note 

  • The Electricity (Rights of Consumers) Rules, 2020 were notified by the GoI on December 31, 2020, based on the conviction that power systems exist to serve consumers and that consumers have rights to get reliable services and quality electricity.
  • The current amendment to the Rules is a continuation of the measures taken by the government, to empower power consumers, to ensure 24X7 reliable electricity supply at affordable cost, and to maintain a conducive ecosystem for investment in the power sector.

Indian Railways signed MoU with USAID/India to Combat Climate ChangeOn 14th June 2023, The Indian Railways (IR) and the United States Agency for International Development/India (USAID/India), an independent agency of the United States (US) federal government, signed a Memorandum of Understanding (MoU) to combat climate change and achieve Indian Railways’ target of net-zero carbon emissions by 2030.

  • According to the projected estimates, in order to achieve Net Zero Carbon Emission, Indian Railways would need an expected renewable capacity of around 30,000 MW (megawatts) by the fiscal year 2029-30.

Note -The projected energy demand of Indian Railways for the fiscal year 2029-30 is estimated to be approximately 8200 MW (megawatts).
Signatories:-
The MoU was signed by Naveen Gulati, Member (Traction and Rolling Stock), Railway Board, Indian Railways, and Isabel Coleman, Deputy Administrator, USAID  in the presence of Anil Kumar Lahoti, Chairman and Chief Executive Officer (CEO), Railway Board.
Scope of MoU:
i.The MOU states that, the collective expertise, resources, and innovation of the two partners will be accelerated for the deployment of renewable energy, energy efficiency, and energy storage technologies, aligning with the net-zero goal, promotion of e-mobility.
ii.USAID and IR aims to develop sustainable solutions that enhance energy efficiency, reduce carbon footprints, and ensure a greener future for railway operations.
iii.IR will be provided technical support for addressing regulatory and implementation barriers.The IR and the USAID/India will co-host events, conferences and capacity-building programs, arrange field visits and study tours of domestic and international.


India and Belgium Sign Mutual Legal Assistance Treaty for Investigations 

India and Government of Kingdom of Belgium have signed a Mutual Legal Assistance Treaty (MLAT), which allows Belgian authorities to carry search warrant issued by Indian courts and summon a person under investigation by an Indian agency.

  • It will help investigators in getting evidence from fugitives like Neeshal Modi, brother of Punjab National Bank (PNB) scam  mastermind Nirav Modi.

i.In Belgium, The Federal Public Service Justice will serve such summons or execute warrant on the person.
ii.In India, summons or warrant shall be sent to the Internal Security (IS)-II division of the Ministry of Home Affairs(MHA)
NOTE:The MLAT states that between India and Germany, any suspect’s documents that are uncovered during searches in Belgium will be sent to India.


11th THE’s Asia University Rankings 2023IISc top Indian institutes, Overall Tops by China’s Tsinghua Universityi.On June 22, 2023, the 11th edition of ‘Times High Education (THE) Asia University Rankings 2023 has named Indian Institute of Science (IISc) in Bengaluru (Karnataka) as the highest-ranked Indian institution in Asia. Overall it is ranked at 48th in the Asian Region.
ii.On the whole regional front i.e. Asia, the list is topped by China’s Tsinghua University, and Peking University at 1st and 2nd positions for the 4th year in a row.
iii.Singapore’s National University of Singapore is ranked at 3rd place for the 3rd consecutive year.
iv.Notably, IISc 2023 position at 48th is the lowest rank since 2015, when it first entered the ranking at 34th spot. It was ranked 42nd in 2022.
v.The ranking is premised upon the 13 performance indicators to reflect the attributes of Asia’s institutions. These performance indicators are grouped into five areas.
About Times Higher Education (THE):
Formerly The Times Higher Education Supplement (The Thes), it is a British magazine reporting on news and issues related to higher education.
CEO– Paul Howarth
Headquarter– London, United Kingdom (UK)


ITU approves Bharat 6G vision framework “IMT-2030”

The International Telecommunication Union (ITU), an United Nations (UN)’s agency for Telecom has approved the 6th Generation (6G) vision framework named IMT-2030 at its 44th meeting of the ITU-R WP 5D held in Geneva, Switzerland from June 12 to June 22.
The new 6G vision contained in the draft new recommendation ITU-R M.IMT.Framework for 2030 and beyond provides framework and overall objectives of the future development of IMT for 2030 and beyond.
This new Framework recommendation will become a base document for 6G work across the different research groups and in external standards development organisations like the Third Generation Partnership Project (3GPP).
Note: India administration delegation by TK Roy, Deputy Director General in the Department of Telecommunications (DoT) played a critical role in getting the ubiquitous connectivity being accepted as a key usage scenario.
Background:
iIn March 2023, India released its ‘Bharat 6G’ vision document which recommended opening up more spectrum across low-, mid- and Millimetre wave (MM wave) bands.
ii. It has also laid importance on terahertz (THz) research, as well as, focused on industry and academic research & development, among others.
Note: 6G testbed had also launched at the time of launching the 6G document by Narendra Modi, Prime Minister of India.
Highlights:
iOne of the key elements agreed upon among the different administrations was on the inclusion of elements of interworking across different access services.
ii. ITU is now intending to develop interfaces that would allow interworking of terrestrial 6G network with non-terrestrial technologies (such as satellites being launched by OneWeb, Telesat, etc.).
Note: Similar interfaces will be developed for other access technologies including Wi-Fi.
iii. IAFI provided input contributions to the meeting on this aspect of interworking and helped drive consensus on this topic at the meeting.
iv. The newly approved 6G standard now includes six key usage scenarios, as compared to only three usage scenarios in 5G.
v. The newly developed framework standard is envisaged to support expanded and new usage scenarios compared to those of IMT 2020, while providing enhanced and new capabilities.
viUnder the newly approved ITU vision of IMT 2030, 6G to continue to build an inclusive information society and to support the UN’s sustainable Development goals (SDGs)
Goals:

The IMT 2030 framework is expected to be a significant enabler for achieving the following goals, among others:

  • Inclusivity
  • Ubiquitous connectivity
  • Sustainability
  • Innovation
  • Enhanced security, privacy and resilience
  • Standardisation and interoperability
  • Interworking

About International Telecommunication Union (ITU):
Founded in- 1865
​Secretary-General- Doreen Bogdan-Martin
Headquarters- Geneva, Switzerland


Global livability index 2023: Austria’s Vienna ranked world’s most liveable city followed by Copenhagen According to the Economist Intelligence Unit’s (EIU) Global livability index 2023 released on June 21, 2023, ‘Vienna’ the capital of Austria ranked as the world’s most liveable city for the second consecutive year due to excelling in all the categories of the index.

  • Copenhagen (Denmark) ranked second while Melbourne and Sydney of Australia ranked 3rd and 4th in the index.
  • EIU’s index ranks 173 cities across five categories: stability, healthcare, education, culture and the environment, and infrastructure.

Ranking of Indian cities:
Five cities from India such as Ahmedabad (Gujarat) and Bengaluru (Karnataka) ranked at 47th and 48th rank, whereas New Delhi (Delhi) and Mumbai (Maharashtra) stood at 141st rank and Chennai (Tamil Nadu) ranked at 144th in the livability index based on their performance in various metrics.
The average liveability score has increased from 73.2 in 2022 to 76.2 (out of 100) in 2023.
About The Economist Intelligence Unit (The EIU):
It is the research and analysis division of The Economist Group, the sister company to The Economist newspaper.
Managing Director – Robin Bew
Headquarters – London, United Kingdom


SEBI –  Issues standardisation for valuing AIF portfolio assets & Barred Eros International Media, promoters & CEO from the securities market The Securities Exchange Board of India (SEBI) has made the manager and key management personnel of the Alternative Investment Fund (AIF) responsible for appointing an ‘independent valuer’ of assets and ascertaining true and fair valuation of the investments of AIF schemes.
Key Points:
i.The independent valuer should have at least three years of experience in the valuation of unlisted securities and should not be associated with the manager, sponsor or trustee of the AIF.
ii.If the established policies and procedures of valuation of AIF portfolio assets do not result in fair and appropriate valuation, the manager is directed to value the assets or securities at a fair value and document the rationale for such deviation.
iii.The manager should inform the investors the reasons, in case of a deviation of over 20% between two consecutive valuations or a deviation of over 33% in a financial year.
In June 22, 2023, the SEBI has barred Eros International Media Limited, its promoters and chief executive officer (CEO) Pradeep Kumar Dwivedi from the securities market until further notice over alleged breach of trade practice regulations.

  • The Vice Chairman and Managing Director Sunil Arjan Lulla was also barred by SEBI from holding any directorial position in any listed company, including Eros International or its subsidiaries.

About Securities Exchange Board of India(SEBI)
Headquarters -Mumbai, Maharastra
Establishment – 12 April 1992
Chairperson -Madhabi Puri Buch


ADB approves $295mn loan to improve Transport Connectivity in BiharOn June 22, 2023, the Asian Development Bank (ADB) approved a $295 million loan to improve transport connectivity in Bihar.

  • The loan amount will be utilized towards widening and upgradation of around 265 kilometers of state highways, improving transport connectivity and safety in Bihar.
  • The Central Government is contributing $156.6 million for the same.

Key Points:
i.The highways will be upgraded with climate- and disaster-resilient design, road safety elements, and other features that will respond to the needs of the elderly, women, children, and people with disabilities.
ii.The project will also encourage women’s participation by providing employment in construction works.
iii.Trainings in livelihood as well as awareness on road safety, health and hygiene, and abuse and harassment will also be provided to women from communities in the project areas.
Note: Since 2008, ADB has provided five loans totaling $1.63 billion to Bihar, which have upgraded about 1,696 kilometers of state highways and constructed a new bridge over the Ganga River.
About Asian Development Bank (ADB):
President– Masatsugu Asakawa
Headquarters– Manila, Philippines
Establishment– 1966


Meesho, NPCI: 2 Indian Companies featured on TIME100: Most Influential Companies 2023 Meesho and National Payments Corporation of India (NPCI), two Indian companies have featured on the, “TIME 100 Most Influential Companies of 2023“, the TIME Magazine’s annual list under the ‘pioneer’ category

  • The TIME 100 Most Influential Companies List described Meesho as “Innovative Retailer” and NPCI as “Connecting Commerce“.

About TIME 100 Most Influential Companies list:
iThis list is an expansion of TIME’s iconic TIME100 franchise, will be curated by expansive network of editors and correspondents of TIME.
ii. To create the TIME100 companies, the editors of the magazine seek nominations from various sectors and poll a global network of contributors, correspondents, as well as external experts.
iii. The editors then evaluate each key factor of the companies based on criteria such as impact, innovation, ambition, and success.
ivThe 2023 list is divided into five categories titled: Leaders, Disruptors, Innovators, Titans, and Pioneers. Each category has listed under 20 companies.
Note: The TIME Magazine launched the first TIME100 Companies list in 2021.
About Meesho:
iMeesho is a Bengaluru (Karnataka) based E-Commerce Company , founded in 2015 by ViditAatrey and Sanjeev Barnwal.
ii. It doesn’t charge sellers a commission, which it says enables it to sell 60% of its products for less than USD4, in reach for Indian families that make less than USD6,000 a year.
iii. Meesho is the most-downloaded shopping App in the world in early 2022, serving customers priced out by Amazon and Walmart.
Note: According to data.ai, Meesho has emerged as the “World’s fastest shopping app” to cross 500 million cumulative downloads across Google Play and iOS App Store combined.
About National Payments Corporation of India (NPCI):
iNPCI is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) launched in 2008 to create more robust payment systems. It is an umbrella organisation for all retail payments and settlement systems in India.
ii. It launched United Payments Interface (UPI), which lets instant money transfers via mobile apps and Quick Response (QR) codes, and has brought digital payments to nearly 300 million users, replacing debit and credit cards and enabling e-commerce growth in India.
iii. The company had registered about 45 billion transactions and accounted for 52% of India’s digital payments and had huge growth in 2021–22.
Some notable companies:
The TIME 100 Most Influential Companies 2023 list dominated by:
Kim Kardashian’s SKIMS and Elon Musk’s SpaceX (under Leader category)
Sam Altman’s OpenAI (under Disruptors)
Kia America, Formula One (under Innovators)
Major League Baseball, MLB, Disney, Samsung, Apple and Microsoft (under Titans)


IOC honoured WHO DG Tedros Ghebreyesus with Olympic Order & WHO with Olympic Cup 2021On 20th June 2023, The International Olympic Committee (IOC) President Thomas Bach presented the Olympic Order to the World Health Organisation (WHO) Director-General Tedros Ghebreyesus in an award ceremony held at Olympic House in Lausanne, Switzerland.

  • During the event, IOC has also honoured The World Health Organisation (WHO) with the Olympic Cup for 2021 in recognition of its exceptional contribution to the success of the Olympic and Paralympic Games Tokyo 2020.

Key Points: 
The Olympic Order recognises Dr Tedros Ghebreyesus’s inspirational role in ensuring the Olympic Games Tokyo 2020 took place, and supported the cooperation agreement between the IOC and the WHO signed in 2020.
About Tedros Adhanom Ghebreyesus:
i.Dr Tedros Adhanom Ghebreyesus, born in Asmara, Ethiopia (now in Eritrea), was elected as WHO Director-General for a five-year term in May 2017.
ii.He served as the Minister of Health from 2005 to 2012 and the Minister of Foreign Affairs from 2012 to 2016 in Ethiopia.

  • During his period as a Health Minister, he made the foundation for universal health coverage and access to better health care in Ethiopia.

About Olympic Order: 
i.The Olympic Order is awarded to a person who has done outstanding services to the Olympic cause, either through his own personal achievement or his contribution to the development of sport.
ii.Olympic Order already awarded to great personalities including Fanny Blankers-Koen, Jean-Claude Killy, Bertrand Piccard, Jesse Owens, Steffi Graf, Alberto Tomba, Indira Gandhi and Nelson Mandela.
About Olympic Cup: 
i.The Olympic Cup is a unique award and was created in 1906 by the IOC’s founder, Pierre de Coubertin.
ii.The Olympic Cup is the highest honour bestowed for an institution that has a proven track record of advancing the Olympic Movement’s goals.
Partnership between IOC and WHO:
i.In May 2020, the two organisations signed a new cooperation Agreement, to promote healthy lifestyles, including physical exercise, sport and active recreation, as a tool for health around the world.
ii.In 2022, a new joint programme between the IOC and WHO was signed to strength the role of sport in contributing to the global target of a 15 per cent reduction in physical inactivity by 2030 and fostering healthy and active lives, the three-year programme forms part of the IOC’s Olympism365 strategy.


MoAFW Minister Narendra Singh Tomar launches PM Kisan Mobile App with Face Authentication FeatureOn June 22, 2023, Union Minister Narendra Singh Tomar, Ministry of Agriculture and Farmers’ Welfare (MoAFW) launched the PM-Kisan Mobile App with Face Authentication Feature during an event at Krishi Bhavan, New Delhi (Delhi).

  • It was launched under the scheme for income support to farmers i.e. Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).

Key Points:
i.With this app, farmers can complete e-KYC (Know your customer) remotely by scanning their face without OTP (One Time Password) or fingerprint.

  • Farmers can also know the status of land seeding, linking of Aadhaar with bank accounts, and e-KYC using the No User Status Module.

ii.The app enables farmers to assist up to 100 other farmers in completing their e-KYC from home as the Central Government has extended the e-KYC ability to state government officers, enabling them to complete the process for up to 500 farmers.
iii.MoAFW has also collaborated with India Post Payment Bank (IPPB) to open Aadhaar-linked bank accounts for beneficiaries and urged Common Service Centers (CSCs) to organise village-level e-KYC camps with the help of States and Union Territories (UTs).
About PM-KISAN:
The scheme was launched in February 2019 but is being implemented with effect from December 2018. Under this, eligible farmers are provided with a financial benefit of Rs 6,000 per year in three equal installments of Rs 2,000 each every four months.

  • The 13th installment of PM-KISAN was paid to more than 8.1 crore farmers.

Skyroot successfully tested Raman-I Engine designed to use in Vikram-I rocketSkyroot Aerospace, Hyderabad (Telangana) based private Indian Space company, successfully conducted the Flight Qualification Test of the Raman-I Engine  at the Liquid Propulsion Systems Centre (LPSC) of Indian Space Research Organisation (ISRO), in Benglauru, Karnataka.

  • ‘Raman’ is a series of engines or thrusters which uses the Earth storable hypergolic (MMH/N2O4) propellants for upper stage engine and attitude or reaction control in Skyroot’s Vikram-1 launch vehicle (rocket). 
  • The Raman-I engine underwent a test firing at the LPSC of ISRO, marking Skyroot as the first Indian private company to launch a rocket with Vikram-S

Note: The indigenous Vikram-S (named after Vikram Sarabhai, the father of India’s space programme) was launched in November 2022, from the ISRO’s Satish Dhawan Space Center in Sriharikota, Andhra Pradesh, marking India’s first privately developed rocket.
Roll Attitude Control:
iAs Vikram-I launches into space, aerodynamic disturbances and thrust misalignments can make the vehicle roll about its axis, needing a responsive roll-control system.
ii. The four Raman-I engines will be utilised to facilitate roll attitude control through precise pulses, commanded by the autopilot algorithm of our mission computer, enabling the rocket to effectively manage its rotation and orientation.
iii. Maintaining a stable roll attitude is vital to guarantee the rocket’s stability during ascent. Uncontrolled rotation can result in instability, making it challenging to accurately control the rocket’s trajectory.
Raman-1 Qualification Test:
iPropulsion for roll control requires rapid response and needs to be versatile, supplying adequate thrust from atmospheric pressure to the deep vacuum and with widely varying inertia.
ii. The series of tests resulted in perfect completion with 280 engine pulses with a total burn time of 104 seconds.
iii. The total test was carried out within 352 seconds with the Peak Vacuum Thrust of 890N (Newton).
Raman-1:
iThe engine throat is designed with Metal matrix composites (MMCs), which are light-weighted structural materials.
iiThe nozzle of the engine is scarfed to tangentially flush to vehicle diameter from inside.
iii. Raman-I engine test has completed endurance with nominal and off-nominal chamber pressures, mixture ratios and a minimum pulse width of 1/17th a second.
Additional Info:
iThe three variants of the Vikram rocket of Skyroot: Vikram-I can carry 480 Kilograms (kg) of payload to Low Earth Orbit, Vikram-II is designed to lift off with 595 kg of cargo, and Vikram-III can launch with 815 kg to 500 Kilometre (km) Low Inclination Orbit.
ii. Raman-1 engine for roll control and Raman-2 engine as a single higher thrust regeneratively cooled will be used in the upper stage of Vikram-1 launch vehicle, which may take place by the end of 2023.
About Skyroot Aerospace:
Established in– 12th June 2018
Co- Founders– Pawan Kumar Chandana and Naga Bharath Daka
Headquarters– Hyderabad, Telangana


United Nations Public Service Day -June 23United Nations Public Service Day is observed annually across the globe on 23rd June to highlight the contribution of public officials in development and progress. The day aims to acknowledges the work of public servants outstanding efforts and encourages young people to pursue careers in the public sector.

  • A special event took place at UN Headquarters in New York on June 23rd, in celebration of UN Public Service Day with the theme of “Innovative Public Service Delivery: Ensuring No One Is Left Behind.”

Symbols:
i.The United Nations Public Administration Network (UNPAN) uses a special logo for Public Service Day.
ii.UNPAN’s main logo, will be similar to the logo on the UN flag.
About United Nations:
Secretary general – António Guterres
Establishment- 1945
Headquarters- New York, United States


International Olympic Day 2023 – June 23International Olympic Day is annually celebrated across the world on 23rd June for the celebration of sport, health, and being together. This day marks the founding day of the International Olympic Committee (IOC) at the Sorbonne, Paris on June 23, 1894, when ancient Greek olympics were revived by the efforts of French historian Baron Pierre de Coubertin.

  • The theme for International Olympic Day 2023 is ‘Let’s Move’ which emphasises daily physical activity to people around the world.  #Letsmove and #OlympicDay are the hashtags for this year’s celebration.

Events in 2023 International Olympic Day:
In 2023, around 130 NOCs are hosting Olympic Day Celebrations in their respective territories.
ii.On the occasion of International Olympic Day 2023, the World Health Organization (WHO) and IOC Jointly launched the Let’s Move campaign on 23rd June 2023.
About International Olympic Committee (IOC):
 President – Thomas Bach
Headquarters – Lausanne, Switzerland

International Widows Day 2023 – June 23 The United Nations (UN)’s International Widows Day is annually observed across the world on 23rd June 2023 to draw attention to the voices and experiences of widows and to provide the unique support they need.

  • The day serves as a reminder of the challenges faced by widows all over the world and the need to address their unique social, economic and legal issues.

Background:
iOn 21st December 2010, the United Nations General Assembly (UNGA) adopted the resolution A/RES/65/189 and proclaimed the 23rd June of every year as International Widows’ Day.
ii. The first-ever International Widows’ Day was observed on 23rd June 2011.
About United Nations (UN):
Founded in– 1945
Secretary-General– António Guterres
Headquarters– New York, the United States of America (USA)


IOB inks MoU with TNSRLM to provide financial support to SHGsOn 20th June 2023, the Indian Overseas Bank (IOB), a leading Public Sector bank, signed a Memorandum of Understanding (MoU) with the Tamil Nadu State Rural Livelihood Mission (TNSRLM), to promote the growth of self-help groups (SHGs) in Tamil Nadu and provide financial support to them.
Under the terms of the MoU, TNSRLM will facilitate eligible SHGs for credit linkage with IOB.
Objective:
The strategic collaboration aims to integrate access to financial resources for SHGs, enabling them to undertake entrepreneurial activities, expand their ventures and contribute to the economic development of Tamil Nadu.
Key People:
i. Divyadharshini, Managing Director (MD) and Chief Executive Officer (CEO) of Tamil Nadu Corporation for Development of Women (TNCDW) and  Sanjay VinayakMudaliar, Executive Director, IOB.
Key Points:
The target for IOB under SHG National Rural Livelihood Mission (NRLM) for the current fiscal (FY 2023-24) is Rs.1875 crore set by TNCDW to increase disbursal under DAY-NRLM (Deendayal Antyodaya Yojana-National Rural Livelihoods Mission), thus effectively doubling the impact of financial assistance.
GeM signed MoU with TANSTIA to increase GeM Seller Base in Tamil Nadu
On 21st June 2023, GeM (Government e-Marketplace), India’s leading online public procurement platform, signed Memorandum of Understanding (MOU) with TANSTIA (Tamil Nadu Small and Tiny Industries Association) in Chennai, Tamil Nadu to enhance the GeM seller base in Tamil Nadu.
The MoU outlines the commitments and collaborative efforts of both parties to promote transparency, efficiency, and inclusivity in public procurement processes.
The partnership holds huge potential for growth and development in the small and tiny industries sector of Tamil Nadu.
Key People:
MoU was signed by Er. K. Marlappan, President- TANSTIA in the presence of A.V. Muralidharan, Deputy Director General and Deputy Chief Executive Officer,GeM; G. Kathiresan, Joint Secretary (Headquarters) TANSTIA;  Ramesh Mahadevan, Business Facilitator, GeM; K.S. Prasanna, Consultant, GeM and N. Sabareesh, Consultant, GeM.
Key Points:
iDuring the last fiscal year, Tamil Nadu recorded the second-highest growth in GeM procurement amongst 36 States and Union Territories (UTs).
ii. Tamil Nadu observed an increase in order value by 302.5% (nearly three times) from Rs.220.89 Crore in FY21-22 to Rs.889.19 Crore in FY 22-23.
iii. Micro and small enterprises (MSEs) received orders worth Rs.3,808.50 crore from the Central and State government.
iv. Buyers in FY 22-23, an increase of 122% from FY 21-22. With access to the national market, 92% of orders (in terms of value) were from buyers outside Tamil Nadu.
About Indian Overseas Bank:
Founded on- 10th February 1937
MD and CEO- Ajay Kumar Srivastava
Headquarters- Chennai, Tamil Nadu


Rajasthan govt brings PCTS mobile app to ensure better healthcare for mothers, infants

The Medical, Health & Family Welfare (MOHFW) Department of the Rajasthan Government has launched the Pregnancy, Child Tracking & Health Services Management System (PCTS) app to enable online tracking, reporting and monitoring of the health of pregnant women, obstetricians and infants.

  • PCTS was developed by the National Informatics Centre(NIC) as an Integrated system for Health information management system (HIMS).
  • The PCTS app enables ASHA Sahyoginis, who are selected from the local community and trained as frontline health workers in Rajasthan, to efficiently reach women and infants in their designated areas.

Note – The ASHA (Accredited Social Health Activist) program is a community health initiative implemented by the Government of India. It was launched in 2005 as part of the National Rural Health Mission (NRHM) and later incorporated into the National Health Mission (NHM).

Current Affairs – 23 June 2023

Department of Justice partnered with NALSA, CSC for mainstreaming legal aid via TeleLawThe Department of Justice (DoJ) under the Ministry of Law & Justice, Government of India (GoI) has partnered with National Legal Services Authority (NALSA) and Common Services Centres (CSC) electronic governance (e-Governance) Service India Limited for mainstreaming legal aid to the marginalised communities through the system of TeleLaw.
About TeleLaw:
iTele-Law was launched in 2017 as a pilot programme with 1800 CSCs in 11 States.
ii.Tele-Law means the use of communications and information technology for the delivery of legal information and advice.
iii. The concept of Tele-Law is to facilitate delivery of legal advice through a panel of lawyers stationed at the front office of Legal Services Authorities and CSC, mostly at the level of Village Level Entrepreneurs (VLEs).
iv. The project initiates to connect citizens with panel lawyers through video conferencing, internet and telephone facilities by the VLEs identified in 1,00,000 gram panchayats.
v. DoJ’s Tele-Law aimed at improving the lives of citizens through free pre-litigation advice & making justice delivery accessible, affordable and efficient for all.

JustIS App– It is the Mobile Court management App of DoJ, for the Judges of District & Subordinate Courts in India.
About Ministry of Law and Justice:
Minister of State (MoS) (Independent Charge) – Arjun Ram Meghwal (Constituency – Bikaner, Rajasthan)


Solar Parks and Ultra Mega Solar Power projects Scheme deadline extended to 2026On 16th June 2023, the Ministry of New and Renewable Energy extended the deadline to 2026 for the development of solar parks and ultra mega solar park projects.

  • The previous deadline for this project was scheduled to end in March 2024.
  • This project was implemented with an aim to reduce project cost per MegaWatt (MW) and higher transmission losses.

About the Project:
The project was initiated to build solar power parks with 500 MW and above capacity, smaller solar power parks are also allowed only in-case of acute shortage of non-agricultural land and large portions of land difficult to acquire in view of difficult terrain.

  • The solar power parks were implemented in collaboration with the state government, Central Public Sector Undertakings (CPSU), and private entrepreneurs. The implemented agency is termed as Solar Power Park Developer (SPPD).

1st Phase:
The ultra mega solar power projects were implemented in December 2014, with an aim to set up at least 25 solar parks and ultra mega solar projects with a production capacity of 20,000 MW within 2020.
2nd Phase:
The solar power projects scheme was extended to 2023-24 with enhanced capacity of 40,000 MW on 21th March,2017.
Central Financial Assistance (CFA)
i.The ministry of New and Renewable Energy provides Central Financial Assistance (CFA) of up to Rs 20.00 lakh per MW or 30% of the project cost, including Grid-connectivity cost, whichever is lower, and Rs 25 lakh per solar park for the detailed project report (DPR)

  • The solar power projects implemented by private entrepreneurs are not eligible for CFA under this scheme.

ii.If Solar Energy Corporation of India Ltd (SECI) acted as the SPPD,it would receive Rs 20 lakh per MW or 30% of the project cost for external transmission infrastructure only.
iii.If SECI/CPSU/State PSU/government organisations or their subsidiaries and joint venture act as SPPD, it would receive Rs 12 per MW or 30% of the project cost to SPPD for development of internal infrastructure and Rs 8 Rs 8 lakh per MW or 30 % of the project cost to the CTU/STU for creation of external transmission infrastructure.


Integrated Simulator Complex Dhruv inaugurated by Defence Minister, will enhance training of navy personnel

On 21st June 2023, Defence Minister Rajnath Singh inaugurated the Integrated Simulator Complex(ISCDhruv at the Southern Naval Command in Kochi, Kerala.

  • The ISC Dhruv hosts modern and advanced indigenously-built simulators which will significantly improve the practical training of Indian Navy personnel. 

These simulators are designed to provide real-time experience on navigation, fleet operations, naval tactics and will also be utilised for training of personnel from friendly countries.
These simulators are indicative of the ‘Aatmanirbhar Bharat’ initiative and a defence export potential for the nation.

  • Some of the other indigenously developed simulators in the Complex include Combat Management System and Maritime Domain Awareness Lab.

Our indigenous products:
i.The Ship Handling Simulators, developed by ARI Pvt Ltd, New Delhi, Delhi, have been exported to 18 countries.
ii.The Astronavigation Dome, the first of its kind in the Indian Navy, has been developed by Infovision Technologies Pvt Ltd.
iii.The ADHCS, developed by Institute for Systems Studies and Analysis, a DRDO laboratory, will provide real-time operational environment scenarios to trainees.
Note: Rajnath Singh visited the Multi-Station Handling Simulator (MSSHS), Air Direction and Helicopter Control Simulator (ADHCS) and Astronavigation Dome.


DGR Signs MoU with Adecco Ltd. to Generate Employment for Ex-servicemen

On 21st June 2023, The Directorate-General for Resettlement (DGR) under the Ex-Servicemen Welfare Department, Ministry of Defence (MoD) signed a Memorandum of Understanding (MoU) with M/s Adecco India Private Ltd in New Delhi, Delhi  to generate employment for ex-servicemen.

  • The goal is to bring corporate companies and ex-military on a common platform to generate job opportunities for ex-military personnel in various sectors such as IT, E-Commerce, Logistics, Telecom, Aerospace and Defense, Facility Management, Security, Assessment Services Digital, Energy and Energy, Manufacturing, Chemistry and Agri-Food Etc.
  • To provide job for its ex-personnel in future due to contractual employment of constabulory under the Agnipath scheme.
  • From April 2022 to March 2023, 24,234 ex-servicemen received employment in various sectors.

Note: On 12th June 2023, the DGR had signed with an MoU with Kotak Mahindra Life Insurance Company Ltd to create jobs for ex-servicemen.


India, US launched INDUS-X for Technology and Defence Industry CooperationOn June 21, 2023, The Ministry of Defense (MoD), Governmnet of India(GoI) and the Department of Defense (DoD), government of the United States of America(USA) officially launched the India-U.S. Defense Acceleration Ecosystem (INDUS-X) at an event held in Washington DC, USA to expand the strategic technology partnership and defence industrial cooperation between governments, businesses, and academic institutions.

  • Objective: To strengthen ties between the defence industrial ecosystems of both nations to make them more innovative, accessible, and resilient.

Backdrop:
i.The INDUS-X was formed based on the commitment made between the U.S. and Indian National Security Advisors in January 2023 to launch an ‘Innovation Bridge’ to connect U.S. and Indian defence start-ups as part of the U.S.-India initiative on Critical and Emerging Technology (iCET).

  •  iCET was announced by Prime Minister(PM) Narendra Modi and US President Joe Biden in 2022 for cooperation on critical and emerging technologies including artificial intelligence, semiconductors and quantum computing.

ii.India’s Innovations for Defense Excellence (iDEX) and the Office of the Secretary of Defense (OSD) are leading INDUS-X activities for MoD and DoD, respectively.
Two-day INDUS X event:
i.The two-day INDUS X event was held on June 20 and 21, 2023 and it was hosted by the US-India Business Council.
ii.It was Co-organized by iDEX under the MoD and the US DoD, bringing together government representatives, defence industry leaders, think tanks, investors, and start-ups from both countries.
iii.Anurag Bajpai, Joint Secretary (Defence Industries Promotion-DIP) of the MoD, led the Indian delegation and emphasized the significance of the launch of INDUS X in strengthening bilateral defence relations.
iv.A joint showcasing of innovative technologies held at the event by 15 Indian start-ups and 10 US start-ups, in multiple domains such as maritime, Artificial Intelligence, autonomous systems, and space.
v.INDUS X also hosted panel discussions and round tables focused on deepening collaborations across various domains, including government, academia, and industry, especially startups.
vi.A factsheet was released at the event for operationalising the “Defence Innovation Bridge” under iDEX.
Bilateral Cooperation:
i.A Senior Advisor Group (SAG) will assess the progress on the collaboration agenda and make recommendations to the defence establishments and other INDUS-X stakeholders for future work.
ii.The collaboration agenda will be implemented by the United States Institute of Peace (USIP), Carnegie India, USIBC, the U.S.-India Strategic Partnership Forum (USISPF), and the Society of Indian Defense Manufacturers (SIDM) will drive the implementation of the collaboration agenda.


India to lose 6,500 millionaires in 2023, Dubai and Singapore top choice: Henley’s Reporti.According to the Henley’s annual Private Wealth Migration Report 2023, India may loose at least 6,500 High-Networth Individuals (HNIs) in 2023 making India a second-highest outflow of HNWIs globally, after China (net loss of 13,500).
ii.India will be followed by the United Kingdom-UK (3,200) and Russia (3,000) in third and fourth places, respectively.
iii.The 2022 edition projected the departure of 7,500 HNWIs from India that year.
iv.Dubai, United Arab Emirates (UAE) and Singapore remain preferred destinations for wealthy Indian families amid Golden Visa” program, favourable tax environment, robust business ecosystem and a safe, peaceful environment.
About Henley and Partners:
CEO– Juerg Steffen
Headquarters– London, UK


IREDA participated in “Intersolar Europe 2023″ exhibition in Munich

(IREDA)Indian Renewable Energy Development Agency Limited (IREDA), a Mini Ratna (Category – I) Government of India(GoI) enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE), participated in the three-day Intersolar Europe 2023″ exhibition held in Munich, Germany from 14th to 16th June 2023.

  • The exhibition aimed to educate visitors on IREDA’s initiatives in financing renewable energy projects, promoting energy efficiency, and promoting the growth of renewable energy in India.
  • The inauguration of the pavilion was carried out by Chief Managing Director(CMD), IREDA, Pradip Kumar Das.
  • IREDA’s pavilion served as a platform for visitors to network and explore potential business opportunities, particularly during the crucial time of energy transition and IREDA’s Initial Public Offering (IPO) plan.

During the exhibition, IREDA officials attended meetings with Kreditanstalt für Wiederaufbau (KfW) Development Bank and Commerz Bank to review current progress and explore partnership opportunities.
IREDA officials also visited RCT(RENA Clean Tech Solutions) GMbH(Gesellschaft mit beschränkter Haftung) at Konstanz, Germany to discuss the technology, milestones, and costs related to the Indosol Solar Manufacturing project.


World Bank approves additional $150mn Loan for Resilient Kerala programme The World Bank (WB) through its lending arm International Bank for Reconstruction and Development (IBRD) has approved an additional $150 million loan to support the Resilient Kerala Program to strengthen Kerala’s preparedness against natural disasters, climate change impacts, disease outbreaks, and protect lives.

  • This financing along with the earlier investment of $125 million, focuses on coastal erosion and water resource management, and is expected to protect approximately 5 million (50 lakh) people from the impacts of floods.
  • The loan has a final maturity of 14 years, including a grace period of 6 years.

Need behind this funding:
Funding for Kerala is crucial due to its vulnerability to natural disasters and climate change. Currently, the lack of integration of satellite maps, risk maps, and sectoral data hinders effective planning and execution of public sector investments.
The funds will:
i.Enhance coastal resilience through a shoreline management plan, addressing risks to environmental resources, human settlements, and coastal infrastructure.
ii.Minimize future flood damage by restoring rivers and embankments, improving data systems to reduce vulnerability to hazards, and integrating comprehensive planning.
iii.Develop an integrated river basin management plan for the Pamba river basin.
Overall, the funding will strengthen Kerala’s resilience to natural hazards and climate change, promote effective planning, and safeguard the state’s coastal and riverine areas.
Key Points:
i.Urbanization and deforestation have led to sustained erosion along 45% of Kerala’s 580-km coastline.
ii.The upland districts and rivers of the Pamba river basin, including the origin point in the Idukki district, suffer severe damage from heavy rainfall.
iii.Between 1925 and 2012, the forest cover in Kerala has declined by over 44%, while settlements have increased by 400%.
About World Bank (WB):
World Bank Group President – Ajay Banga
Headquarters – Washington, DC, USA
Establishment – 1944


SEBI introduces new framework for Disposal of undertaking by a listed EntityOn June 14, 2023, the Securities and Exchange Board of India (SEBI) required ‘listed entities’ to follow a stricter framework for the disposal of ‘undertaking’ and prescribed an approval requirement, through the introduction of regulation 37A by making amendments to the SEBI  (Listing  Obligations and  Disclosure Requirements (LODR)) Regulations, 2015 called the SEBI (LODR)(Second Amendment) Regulations, 2023.

  • The amendments are based on the Consultation Paper rolled by SEBI on February 21, 2023.
  • Regulation 37A came into force with immediate effect, i.e., from June 14, 2023.

Currently, companies make the disposal or lease of their undertakings through two routes of Scheme of Arrangement (prescribed under the Companies Act and/or LODR Regulations) and by way of slump sale/Business Transfer Agreement (outside the Scheme of Arrangement framework).
Existing Framework: Disposal (other than by way of a scheme of the arrangement), requires approval of the shareholders by way of special resolution and it has so far been regulated as per section 180(1)(a) of the Companies Act, 2013 (‘Act’).

  • There was no explicit framework for protecting the interest of minority shareholders.
  • The sale of undertakings or their substantial part was being allowed to be executed outside the scheme of arrangement framework without being approved by the National Company Law Tribunal (NCLT).

About Undertaking: An undertaking shall be covered under regulation 37A if, the investment of the company in such undertaking is more than 20% of its net worth; or if the undertaking generates at least 20% of the total income of the company.

New Framework: To safeguard the interest of minority shareholders, SEBI has now issued an additional framework for the disposal of the undertaking, i.e. the disposal of an undertaking through slump sales (outside the Scheme of Arrangement) should be approved only if the majority of public shareholders vote in favour than those voting against it.

  • SEBI has also now mandated disclosure of the objects and commercial rationale for such sale, disposal or lease, to the shareholders.

Exemption: SEBI has provided exemption in case of transactions with a wholly owned subsidiary (WOS), the approval regime will apply in case of disposal of undertaking by such WOS or any reduction in shareholding in the WOS subsequent to the transfer of the undertaking.

Note – SEBI made the amendments in the exercise of the powers conferred by section 11, sub-section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956).


Axis Bank’s ‘One-View’: 1st Pvt Bank to launch to manage Multiple Accounts on its Mobile App On June 21, 2023, Axis Bank launched its latest feature, ‘One-View’ on its Axis Mobile Application making it the first private sector Bank to introduce this new-age banking feature.

  • This feature will utilize the Account Aggregator (AA) ecosystem to create a seamless banking experience for its customers.
  • This feature enables customers to access the multiple bank accounts on one single platform, and track their balances, transaction statements, and spends on a real-time basis.

Key Points:
i.This feature will eliminate the need for multiple mobile banking applications.
ii.It also Allows customers to download and email transaction details from their linked accounts.
iii.Customers can delink any single or all non-Axis Bank accounts at their convenience
iv.Axis Bank’s mobile app has earned the distinction of being the highest-rated mobile banking app* on the Google Play Store, with an average rating of 4.8 stars.
What is AA?
It is Reserve Bank of India (RBI) regulated entity, holding an NBFC (Non-Banking Financial Company)-AA license, which enables individuals to securely and digitally access and share their financial information from one institution to another within the AA network. The data sharing is made with the individual’s consent, ensuring privacy.

  • It replaces the traditional blank cheque acceptance of long terms and conditions.

About Axis Bank:
MD & CEO – Amitabh Chaudhry
Headquarters – Mumbai, Maharashtra
Establishment – 1993
Tagline – Badhti Ka Naam Zindagi


Fitch Ratings Projected India’s GDP growth in FY24 at 6.3%In June 2023, the Fitch Ratings has increased its forecast for India’s GDP(Gross Domestic Product) growth by 0.3% points to 6.3% for the current fiscal year 2023–2024 (FY24) from its prior prediction of 6% due to near-term momentum and a stronger outturn in the first quarter of FY24.

  • The GDP growth of the Indian economy was about 7.2% in FY23 and 9.1% in FY22.

Key Points:
i.Growth projections for FY25 and FY26 are estimated at 6.5% each due to inflation having eased and the domestic economy has picked up.
ii.Fitch stated that the GDP growth for the months of January to March 2023 was higher than anticipated and that there has been a recovery in manufacturing following two consecutive quarterly contractions.
iii.Fitch also noted that there has been a boost from construction and an increase in farm output.
iv.In expenditure terms, GDP growth was driven by domestic demand and a boost from net trade.

BEL & HFCL signed MoU to leverage business opportunities across multiple sectors Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Unit (PSU) and HFCL Limited (formerly known as Himachal Futuristic Communications Ltd), a leading technology enterprise signed a Memorandum of Understanding (MoU) to indigenously develop and deploy emerging technologies and technical solutions to address the requirements of Defence, Telecom and Railway sectors.

  • The non-exclusive MoU, signed for 2 years, aims to promote ‘Atmanirbhar Bharat’ (self-reliant India) initiative and Make in India initiative.
  • Under this MoU, BEL’s expertise in defence and HFCL’s expertise in cutting edge solution will contribute in achieving India’s vision of digital India and support to establish India as an important global manufacturing hub.

Highlights:
iUnder this MoU, BEL and HFCL will seek business opportunities, capitalising on their domain expertise, technological strengths, and market presence to enhance the nation’s capabilities in defence.
ii. It will also contribute to the growth of telecommunications infrastructure and other critical, developing sectors.
iii. BEL and HFCL in this process shall explore options such as Transfer of Technology and joint production of mutually identified products and solutions.
iv. This partnership will play a pivotal role in meeting GOI’s target of building state-of-the-art technology architecture.
Note: The GOI has prioritised its focus on initiatives like acceleration of the implementation of 5G network, nationwide fiberisation and promoting participation in the Production Linked Incentive (PLI) scheme.
i. The combined leadership of BEL and HFCL will facilitate in developing and manufacturing innovative products, solutions and technological capabilities to address the opportunities across sectors including Defence, Telecom, communications, Railways.
About Bharat Electronics Limited (BEL):
BEL was established in 1954 under the Ministry of Defence (MoD), GoI
Chairman & Managing Director (CMD)– Bhanu Prakash Srivastava (additional charge)
Headquarters– Bengaluru, Karnataka


HAL signs MoU with Argentina firm for exploration in aircraft

Hindustan Aeronautics Limited(HAL) and Argentina’s Fabrica Argentina de Aviones (FAdeA) have signed an Memorandum of understanding (MoU) to explore collaboration in the maintenance, repair, and overhaul (MRO)of aircraft components, systems, and structures during the Paris Air Show 2023.

  • The partnership aims to strengthen ties between HAL and Argentina’s aviation industry and it contributes to the growth and development of the aerospace sector in the Latin American (LATAM) region.
  • Note- FAdeA is an Argentinian state-owned aircraft manufacturer, administered under the South American Country’s Ministry of Defence.

2022 Burgundy Private Hurun India 500- 6 month update: RIL topped as India’s most valuable companyAccording to the “2022 Burgundy Private Hurun India 500: a Six Month Update released on 20th June 2023, Reliance Industries Limited (RIL) topped as India’s most valuable company with a value of Rs 16.37 lakh crore followed by Tata Consultancy Services (TCS) with Rs 11.76 lakh crore and HDFC Bank with Rs 9.41 lakh crore.

In the Most Valuable Company category, Tata Group topped the list with 15 companies (TCS as the most Valuable Company), followed by Adani group with 8 companies (Adani Enterprises as the most valuable company) and Aditya Birla Group with 5 companies (Grasim Industries as the most valuable company).


Randstad India’s REBR 2023: Tata power emerged as India’s Most Attractive Employer BrandAccording to the annual report of Randstad India, a Human Resources (HR) service provider, titled “Randstad Employer Brand Research (REBR) 2023” Tata Power Company has been named ‘India’s most attractive employer brand’.

  • Tata Power is followed by Amazon at the 2nd spot and Tata Steel Limited, at the 3rd place. Tata Steel is the new entrant on the REBR 2023 report.
  • Tata Power has scored high on the top 3 EVP (Employee Value Proposition) drivers- financial health, good reputation and career progression opportunities.

Note: 

  • The report stated that the most important EVP drivers of the Indian workforce while choosing an employer are: Work-life balance, good reputation and attractive salary and benefits.
  • The female workforce focuses more on the work-life balance.

About the Report: 
The 2023 report is based on the survey taken among 1.63 lakh respondents across the globe. The sample space covers 32 markets and 75% of the global economy.
Key Highlights: 
i.The other organisations among the top 10 include Tata Consultancy Services(TCS) at the 4th place followed by Microsoft, Samsung India, Infosys, Tata Motors Limited, IBM and Reliance Industries Limited(RIL).
ii.Among the startups, Big Basket has emerged as the most attractive startup employer brand in India.
iii.The report highlighted that employees have rated automotive as the most attractive sector (77%) in India followed by Information Technology (IT) /Information Technology enabled Services(ITeS) and Telocom with 76% and Fast-moving consumer goods (FMCG), Retail and e-commerce with 75%.
iv.The report also discovered that around 91% of the respondents finds employer more attractive if they allow them to take up additional jobs or assignments for supplemental income.


WHO Award For Indian Film ‘When Climate Change Turns Violent’On 7th June 2023, An Indian documentary film titled “When Climate Change Turns Violent” has won a special prize in the ‘Health for All’ category at the 4th Annual Health for All Film Festival (HAFF) held at the World Health Organisation (WHO) headquarters in Geneva, Switzerland.

  • The only Indian among the winners, Vandita Sariya directed the film which deals with gender-based violence & climate change that runs for 4.32 minutes.
  • The films were judged by a panel of distinguished professionals, artists and activists.

HAFF was initiated by WHO in 2019 to make audio-visual language a key component of the WHO’s ‘communicating for health impact’ approach.
Note- Another film from South East Asia Region to be awarded at HAFF hilm festival 2023 is ‘One in 36 Million: Story of Childhood Lead Poisoning in Bangladesh’ under the category Better Health and Well Being directed by Arifur Rahma and Mitali Das.


Lalitha Natarajan, Chennai based Lawyer-Activist won the 2023 Iqbal Masih Award for the Elimination of Child LabourIn May 2023Lalitha NatarajanChennai (Tamil Nadu)-based Lawyer-Activist has been awarded the 2023 Iqbal Masih Award for the Elimination of Child Labour for her extraordinary contributions to combat child labour.
Judith Ravin, the United States of America (USA) Consul General presented the award to Lalitha Natarajan at a ceremony at the U.S. Consulate General in Chennai, Tamil Nadu.
Note: The 2022 Iqbal Masih Award was awarded to Blue Dragon Children’s Foundation (Vietnam).
About Iqbal Masih Award:
It is an annual US Congress-mandated, non-monetary award established in 2008 by the US by the Secretary of Labour and administered by ILAB’s (Bureau of International Labor Affairs) Office of Child Labour, Forced Labour and Human Trafficking that honours extraordinary contributions to combat child labour.
History of Iqbal Masih Award:
iThe Iqbal Masih Award honours a Pakistani Child named Iqbal Masih, who became a debt slave in a carpet factory in Pakistan at the age of 4, then he escaped his captors at 10.
ii. He became an outspoken public advocate against child exploitation and he gave other children the courage,for which he received the Reebok Human Rights Award in 1994
iii. He was killed a year later at the age of 12 in his native Pakistan.
iv. He is a symbol of the struggle against child labour and in 2000, the first World’s Children’s Prize for the Rights of the Child was given posthumously (after his death) for him.
v. The award commemorates the World Day against Child Labour which is observed every year on 12 June to raise awareness and activism to prevent child labour.
Efforts of Lalitha Natarajan:
iLalitha Natarajan has worked passionately throughout her career as a lawyer and activist to protect the rights of child labour.
ii. As a member of the Child Welfare Committee (North Zone), under the Department of Social Defence, Government of Tamil Nadu, she ensures victims receive compensation under the Child Labour Act and Protection of Children from Sexual Offences (POCSO) Act .
iii. As a leader in the fight to end child labour in southern India, she identifies child victims of trafficking, specifically bonded labour, assisting in their re-integration into society.
iv. She also provides legal and counselling assistance to victims of domestic violence and sexual harassment.
v. As Project Coordinator with the Non-Government Organisation (NGO) League for Education and Development, she engaged with elected leaders and law enforcement officials to rescue child labourers from stone quarries.
vi. For over two decades, she has rescued children from forced labour in various industrial sectors across the state of Tamil Nadu, ranging from stone quarries to food processing factories to handloom mills.
Note: Her awareness-raising work in Kancheepuram (Tamil Nadu) district enhanced the Tamil Nadu government’s research and reporting capacity, leading to more accurate data and increasing the number of reported child labour cases in the heirloom industry from 6,000 to more than 12,300.


RBI assigns additional responsibilities to 3 Deputy Governors after M K Jain exitOn June 21, 2023, the Reserve Bank of India (RBI) assigned additional responsibilities to three deputy governors after the exit of Mahesh Kumar (MK) Jain from the post of deputy governor. His term expired on June 21, 2023.
Additional Responsibilities assigned to current 3 RBI Governors w.e.f. June 22, 2023:
i.Deputy Governor Michael Debabrata Patra will now look after Department of Co-ordination, Corporate Strategy and Budget Department, Economic and Policy Research, Statistics and Information Management, Deposit Insurance and Credit Guarantee Corporation, Financial Markets Operations and Regulations, Department of International, Monetary Policy and Secretary’s Department.
ii.Deputy Governor T Rabi Sankar has been assigned the responsibility of Central Security Cell, Right to Information (RIA) Division, Currency Management, External Investments & Operations, Government and Bank Accounts, IT, Payments and Settlements System, HRM (Human Resource Management), Foreign Exchange, Internal Debt Management, Premises, and Rajbhasha.
iii.Deputy Governor M Rajeshwar Rao will look into the Department of Consumer Education and Protection, Regulations, Supervision, Communication, Enforcement, Inspection, legal, Risk Monitoring, and Financial Inclusion and Development.
Click Here for full responsibilities
Key Points:
i.On June 20, 2023, the Appointments Committee of the Cabinet (ACC) approved the appointment of State Bank of India’s (SBI) Managing Director Swaminathan Janakiraman to the post of Deputy Governor (DG) of the Reserve Bank of lndia (RBI) for a period of three years, succeeding M K Jain.
ii.According to the RBI Act, of 1934, the central bank should have four deputy governors — two from within the ranks, one commercial banker and an economist to head the monetary policy department.

  • The deputy governor appointments are made for an initial period of 3 years, and the person is eligible for reappointment.

About Reserve Bank of India (RBI):
Governor – Shaktikanta Das
Establishment – April 1, 1935
Headquarters – Mumbai, Maharashtra


PetterOrpo, NCP Party leader elected as New Prime Minister of FinlandOn 20th June 2023, the Parliament of Finland elected Petteri Orpo, conservative National Coalition Party (NCP) leader as Prime Minister (PM) of Finland.

  • Petteri Orpo will lead a coalition of the conservative NCP, the nationalist Finns, the minority-language Swedish People’s Party (RKP) and the Christian Democrats.
  • Petteri Orpo succeeded Sanna Marin of Social Democrats party, who served as the PM of Finland from 2019-2023.
  • Riikka Purra, Head of the Finns Party is the new Finance Minister and Elina Valtonen, Deputy Leader of NCP becomes the Foreign Minister of Finland.

Election:
iDuring the April 2023 Parliamentary elections held in April 2023, Petteri Orpo’s NCP got 22% (48 seats) of votes and Finns Party got 21% (46 seats) of votes. Sanna Marin’s Social Democratic party finished third with 20%.
iiPetteri Orpodecided to build a right-wing coalition with the Finns Party, RKP and the Christian Democrats.
iii. The negotiations between the four parties were successful, the coalition secured a majority of 108 seats in parliament out of 200.
About Petteri Orpo:
iPetteri Orpo, born on 3 November 1969 in Köyliö, Finland, and his work with the NCP dates back to the 1990s.
ii. He was first elected as a Member of Parliament (MP) in the 2007 elections.
iii. He has served on several committees, including the Foreign Affairs, Finance and Environment Committees and the Parliamentary Office Committee.
iv. He served as Chair of the NCP parliamentary group in 2012–2014.
v. From 2014 to 2015, he served as the Minister of Agriculture and Forestry, in Alexander Stubb’s (Former PM of Finland) Government in 2014–2015.
viUnder JuhaSipilä’s (Former PM of Finland) Government, he first served as Minister of the Interior in 2015–2016 and then as Minister of Finance in 2016–2019.
About Finland:
Capital– Helsinki
Prime Minister– Petteri Orpo
Currency– Euro


ACC: Asia Cup 2023 to be held in Hybrid Model in Pakistan & Sri Lanka

On 15th June 2023, The Asian Cricket Council (ACC) announced that the 16th edition Asia Cup (Men’s Asia Cup 2023) will be held in hybrid mode in Pakistan and Sri Lanka from 31st August 2023 to 17th September 2023.

  • For the first time since 2008, Pakistan will host a multi-nation cricket competition at home.

Note: Sri Lanka won the Asia Cup 2022 held in Dubai, United Arab Emirates (UAE) by defeating Pakistan in the finals.
Background:
i.Asia Cup 2023 was initially allotted to Pakistan and scheduled to be held in September 2023.
ii.In October 2022, Board of Control for Cricket in India (BCCI) announced that India will not travel to Pakistan.
iii.Therefore, ACC announced Asia Cup 2023 will be held in Hybrid mode in which Pakistan Cricket Board (PCB) will remain the event host with Sri Lanka as the neutral venue. 4 matches of the Asia Cup 2023 will be played in Pakistan while Sri Lanka will host 9 games of the event.
About Asia Cup 2023:
i.Men’s Asia Cup 2023 will be held in One Day International (ODI) format.
ii.Teams from India, Pakistan, Sri Lanka, Bangladesh, Afghanistan, and Nepal, will participate in a total of 13 One Day International (ODI) matches (4 matches in Pakistan and 9 matches in Sri Lanka.)
iii.Six teams grouped into two groups, two teams from each group will qualify for the super four stage.The top two teams from super four stage will meet in the finals
Note:
Indian cricket team visited Pakistan in 2008 for the Asia Cup 2008, since then Indian team never visited pakistan due to long-standing geo-political tensions between two nations.

  • After 2008, both Pakistan and India usually plays in neutral venues.

About Asia Cup:
The Asian cricket Council Asia Cup is the only continental cup in cricket and played among the top teams in Asia. The format of the tournament will alternate every two years between ODI and T20.

  • The first Asia Cup was held in Sharjah in the UAE in 1984.

About Asian Cricket Council (ACC):
President – Jay Shah
HeadQuarters – Kuala Lumpur, Malaysia
Established – 1983


Pulitzer Prize-winning novelist Cormac McCarthy dies at 89Cormac McCarthy, the Pulitzer Prize-winning American writer, passed away at the age of 89 at his home in Santa Fe, New Mexico, the United States of America (USA). He was born on July 20, 1933 in Providence, Rhode Island, USA.
About Cormac McCarthy:
iIn 1957, he started his literary career with short stories such as “A Drowning Incident” and “Wake for Susan”. Both of them got published in the students’ literary magazine known as “THE PHEONIX” at the University of Tennessee, USA.
iiHis first novel, “The Orchard Keeper”, was published by Random House in 1965.
Adaptations:
Some of his noted works like “All The Pretty Horses”, “The Road”, and
“No Country For Old Men” was adapted into films.

  • In 2008, the movie based on “No Country for Old Men” with the same name by directors Joel and Ethan Coen won four Academy awards (Oscars), including the award for Best Picture.

Notable works:
Some of his notable works includes:  Child Of God (1973), Suttree (1979) Blood Meridian (1985), The Stonemason (drama 1994), No Country for Old Men (2005), The road (2006), The Sunset Limited (2010), Stella Maris (2022)
Awards:
iIn 1992, the first book of his border trilogy “All The Pretty Horses” won the National Book Award
ii. His novel, “The Road”, was awarded the James Tait Black Memorial Prize for Fiction in 2006 and, Pulitzer Prize for Fictionin 2007.


Karnataka Govt launched “Brand Bengaluru portal to seek public suggestion on B’luru development On 21st June 2023, Karnataka Deputy Chief Minister(CM) and Bengaluru Development Minister, DK Shivakumar,  launched a portal ‘Brand Bengaluru‘ and WhatsApp number for people to share suggestions regarding the development of the Bengaluru.

  • The public can visit ‘http://www.brand bengaluru.karnataka.gov.in‘ or contact the WhatsApp number 9480685700 to provide suggestions regarding the development of Bengaluru within June 30, 2023.

Current Affairs- 22 June 2023

India, UNWTO ink pact to Enhance Cooperation in TourismAs per the Union Ministry of Tourism, a Memorandum of Understanding (MoU) was signed between the Government of India and the United Nations World Tourism Organisation (UNWTO) to enhance cooperation and identify areas of mutual interest.

  • It was signed during the 4th and final G20 (Group of Twenty) Tourism Working Group Meeting and G20 Tourism Ministerial Meeting being held from June 19-22, 2023.

Signatories:
It was signed by Ms. V Vidyavathi, Secretary, Ministry of Tourism, India; and Zurab Pololikashvili, Secretary General, UNWTO.
What is in the MoU?
This MoU envisages the collaboration of both parties on key programmatic areas related to tourism market intelligence, tourism, and rural development, tourism investment, education, and innovation.
Highlights:
i.The 4th Tourism Working Group of G20 has two side events viz. ‘Making Cruise Tourism a Model for Sustainable and Responsible Travel’ and the 2nd was ‘Towards a circular economy of Plastics in Tourism -The global Tourism Plastic initiative’.
ii.During the second side event an MoU was also signed between the Central Nodal Agency, Sustainable TourismResponsible Tourism Society of India (RTSOI) and Punjab Tourism Board to collectively unite and address plastic pollution in the tourism sector.
iii.The two key deliverables of the Tourism Working Group were Goa Roadmap for tourism as a vehicle for achieving sustainable development goals and G20 Tourism Ministers’ Declaration.
Key Points:
i.Side events on crucial initiatives of Cruise Tourism, Global Tourism Plastic Initiative and Public Private Sector are also being organized by Ministry of Tourism, India on the side lines of the main Tourism Working Group meeting.
ii.During these events, 15 bilateral meetings are being held between India and various G20 member countries and international organisations.
iii.Under India’s G20 Tourism Track, the Tourism Working Group is working on five inter-connected priority areas, which are Green TourismDigitalizationSkillsTourism MSMEs (Micro, Small & Medium Enterprises), and Destination Management for accelerating the transition of the tourism sector and achieving the targets for 2030 SDGs (Sustainable Development Goals).
Participants:
Union Minister Gangapuram Kishan Reddy, Ministry of Tourism; Minister of State (MoS) Shripad Yesso Naik, Ministry of Tourism; G20 member countries, central government Ministries, various State Governments and International Organizations.
About United Nations World Tourism Organisation (UNWTO):
Secretary-General– Zurab Pololikashvili
Headquarters– Madrid, Spain


Highlights of Defence Minister of Vietnam General Phan Van Giang visit to India On June 18-19, 2023, Minister of National Defence of Vietnam, General Phan Van Giang was on a two-day official visit to New Delhi (Delhi) India, along with a cultural visit to Agra, Uttar Pradesh (UP).

  • He inspected the Tri-Service Guard of Honour, and laid a wreath and paid homage to the soldiers at the National War Memorial.

Bilateral meeting with India’s Defence Minister Rajnath Singh
A bilateral meeting was held between the Union Minister Rajanath Singh, India’s Ministry of Defence (MoD), and General Phan Van Giang to enhance India-Vietnam cooperation in defence industriesmaritime security and multinational cooperation. Both sides will also exchange views on regional and global issues of mutual interest including the situation in the South China Sea.

  • Chief of Defence Staff General (CDS) Anil Chauhan and other top officials from the Ministry of Defence also attended the meeting.

India gifts indigenously-built missile corvette ‘INS Kirpan‘ to Vietnam
During the meeting, the Indian side gifted an indigenously-built in-service missile corvette INS (Indian Naval Ship) Kirpan to Vietnam to enhance the capabilities of the Vietnam People’s Navy. India will train Vietnamese personnel in submarine and fighter jet operations, cyber-security and electronic warfare, among other fields.
About INS Kirpan:
The Navy commissioned INS Kirpan, a 1,350-tonne Khukri class missile corvette, on January 12, 1991. It has a length of 91 meters, a beam of 11 meters, and can reach speeds exceeding 25 knots. Equipped with a medium range gun, 30 mm close range guns, chaff launchers, and surface to surface missiles, the ship is versatile and capable of various roles such as coastal and offshore patrol, coastal security, surface warfare, anti-piracy, and Humanitarian Assistance and Disaster Relief (HADR) operations.
Key Points:
i.The Minister of National Defence of Vietnam also called on  the President of India, Droupadi Murmu at Rashtrapati Bhavan and visited Defence Research and Development Organisation (DRDO) headquarters in New Delhi to enhance defence industrial capabilities through cooperation in defence research and joint production.
ii.India and Vietnam share a Comprehensive Strategic Partnership.
iii.Note: During India’s MoD Minister Rajnath Singh’s visit to Vietnam in June 2022, the two nations signed a ‘Joint Vision Statement on India-Vietnam Defence Partnership towards 2030’ and a Memorandum of Understanding (MoU) on ‘Mutual Logistics Support’.


GoI withdraws draft Live-stock and Live-stock Products  [Importation and Exportation] Bill, 2023On 20th June 2023, the Government of India(GoI) withdrew the draft of the Live-stock and Live-stock Products [Importation and Exportation] Bill, 2023, based on the objections from the section of the people including animal activists and religious groups.

  • This Bill was “re-enactment” of the present Live-stock importation Act (1898), and Live-stock Importation (Amendment) Act of 2001.

Background:
i.On 7th June 2023, the Ministry of Fisheries, Animal Husbandry and Dairying (MoFAH&D) released the draft bill and invited suggestions and objections up to 17th June 2023.
ii.Animal activists opposed the move to include canines and felines in the list of livestock.
iii.The section of the public also concerned that the implementation of the bill will result in reduction of the livestock population in India.
About the Bill:
 i.The bill was aimed at framing measures for the regulation of the importation of livestock and livestock products as well as promotion and development of exports of livestock and livestock products.
ii. According to the bill, definition of live-stock includes all equines (donkeys, horses, mules, assess, hinnies), bovines (cattle, buffaloes, bullocks), caprines, ovines, swines, canines, felines, avian, laboratory animals, aquatic animals and except those prohibited in any other act.

  • This draft bill also includes any other animal which may be specified by the Central Government later.

UNDP partnered with DAY-NULM to empower women entrepreneurs On 20th June, 2023, the United Nations Development Programme (UNDP) partnered with the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) to empower women to make well-informed career choices in the field of entrepreneurship.

  • The partnership will provide support for women looking to start and expand their own enterprises in sectors such as care economy, digital economy, electric mobility, waste management, food packaging and more.
  • The 3 year project extendable beyond 2025, focused on promoting entrepreneurship development and accelerating enterprise growth will cover 8 cities in the initial phase.

Key People:
Mr. Rahul Kapoor, Joint Secretary and Mission Director; PM Svanidhi, Ministry of Housing and Urban Affairs (MoHUA), Government of India; Shoko Noda, Resident Representative, UNDP India.
Key Points:
iUNDP and DAY-NULM will collaborate on piloting innovative solutions, particularly in the care economy domain by drawing on their extensive sectoral expertise.
ii. UNDP and DAY-NULM will jointly engage in on-ground mobilisation activities that involve identifying pockets of urban poverty and potential entrepreneurs, as well as facilitating access to Business Development Services.

  • Handholding support will be provided to the unit to formalise their businesses, establish bank linkages, secure access to finance and markets.

iii. UNDP will offer national-level capacity building support to DAY-NULM by leveraging its experience in linking over 2,00,000 women to better employment opportunities.

  • This support will focus on knowledge generation and management, such as compiling collections of best practices related to urban poverty, to enhance the implementation of national-level schemes.

iv. UNDP will also contribute to the initiative by developing community business mentors called Biz-Sakhis in selected project locations.

  • These mentors, who possess valuable business knowledge, can support new and existing enterprises, and serve as a resource for DAY-NULM at a later stage.

vThe DAY-NULM has an aim to uplift the urban poor by enhancing sustainable livelihood opportunities through skill development. The scheme extends its coverage to all the 4,041 statutory cities and towns, thereby covering most of India’s urban population.
vi. DAY-NULM has mobilised more than 8.4 million urban poor women across India through its outreach efforts, forming over 8,31,000 Self-Help Groups (SHGs) in over 4,000 towns.
viiTheir impressive grassroots initiatives facilitate economic empowerment and amplifies the voices of marginalised sections of the urban population, including Scheduled Castes (SCs)/Scheduled Tribes (STs), minorities, female-headed households, street vendors, and rag pickers.
About United Nations Development Programme (UNDP):
Established in: 1965
Administrator- Achim Steiner
Headquarters- New York, the United States of America


Indian Army conducted Exercise Agneyastra 1 in eastern LadakhIndian Army’s Northern Command conducted “Exercise Agneyastra 1” on 19th June 2023, in eastern Ladakh to showcase India’s fire power supremacy.
Note: Agneyastra means firearms in Hindi.
About Exercise Agneyastra 1: 
i.Artillery platforms of the Indian army such as the newly-inducted Korean K-9 Vajra-T 155mm/52 calibre self-propelled howitzer (SPH), FH-77 Bofors 155mm/39 calibre towed howitzer and mortars were a part of the Exercise Agneyastra-1.
ii.Anti-tank missiles and Carl Gustav rocket launchers (RLs) also participated in the exercise Agneyastra 1.
iii. Ideaforge’s Switch UAV (Unmanned Aerial Vehicle), a fixed wing and vertical take-off and landing (VTOL) Hybrid UAV, was used to provide the real time imagery of the exercise area.
iv.Switch UAV also offers real-time Intelligence, Surveillance, and Reconnaissance (ISR) imagery of the target area, functioning day and night, even in harsh conditions at high altitudes.
About Indian Army:
Chief of the Army Staff- General Manoj Pande
Founded – 1895
Headquarters- New Delhi, Delhi


NHAI launches knowledge-sharing platform for highways development

On 20th June 2023, The National Highways Authority of India (NHAI) launched a ‘Knowledge Sharing Platform’ to promote inclusive development of national highways.

  • The portal is launched to encourage the exchange of Knowledge and share innovative practices by experts and citizens.

Information in the form of video clips, PowerPoint Presentations (PPT), and  Portable Document Format (PDF) files can be uploaded  on the NHAI web portal https://ksp.nhai.org/kb/ which will be reviewed and evaluated by NHAI officials for implementation.


Global Gender Gap Index 2023: India Ranks 127th and Iceland TopsAccording to the World Economic Forum’s (WEF) annual Global Gender Gap Report 2023, released on June 20 2023, India has closed 64.3% of the overall gender gap and ranked 127th out of 146 countries in terms of gender parity at the Global Gender Gap Index 2023 whereas Iceland Topped the index followed by Norway and Finland at 2nd and 3rd rank.

  • Thus India has improved by 1.4% points and 8 positions in 2023 compared with the 2022 edition. (India was ranked 135th in the 2022 Index).

The Global Gender Gap Index 2023 rankings:


Extreme weather events led to 12mn Children Displacements in 2022: UNICEF estimatesAccording to the estimates by UNICEF (United Nations Children’s Fund) on June 14, 2023, extreme weather events around the world, including unprecedented floods in Pakistan and the drought in the Horn of Africa drought, led to 12 million displacements of children in 2022.

  • By the end of 2022, a record 43.3 million children lived in forced displacement, almost 60% (25.8 million) were internally displaced by conflict and violence.
  • Internally displaced and refugee children, who are among the most vulnerable, often face barriers to education, healthcare, routine immunization, and social protection.

Highlights:
i.The number of children forcibly displaced from their homes doubled in the last decade.

  • The war in Ukraine has forced more than 2 million Ukrainian children to move from the country and displaced more than 1 million children inside Ukraine.

ii.The number of refugee and asylum-seeking children also hit a new record of 17.5 million, a number that does not even include those newly displaced in 2023, including by the conflict in Sudan.

  • More than 940,000 children have been displaced because of the conflict to date.

iii.According to The Global Report on Internal Displacement 2023 released in May 2023, the number of people displaced by disasters rose by 40% in 2022 compared to 2021,.
Key Urges made by UNICEF to Government:
i.Recognizing refugee, migrant and displaced children as children first and foremost with rights to protection, inclusion, and participation
ii.Providing safe and legal pathways for children to move, seek asylum and reunite with family
iii.Strengthening national education, health, child protection and social protection systems to include displaced children without discrimination
iv.Investing in national child protection systems


IRDAI Introduced Modifications to “Use and File” Procedure for Life Insurance ProductsOn 20 June 2023, the Insurance Regulatory and Development Authority of India (IRDAI) introduced some modifications to the existing “Use and File” Procedure for Life Insurance Products.
Key Modifications:
i.IRDAI has included individual and group unit-linked life and health insurance products and allowed insurers to use and file the products under the modified procedure.
ii.IRDAI has also introduced ‘Combi products’, which allow the filing of Combi products where the life insurer is the lead insurer.
iii.The current Standardized File Identification Number (SFIN) clearance process by IRDAI is dispensed.
About Insurance Regulatory and Development Authority of India (IRDAI)
Chairperson – Debasish Panda
Headquarters – Hyderabad, Telangana
Establishment – 1999, Incorporated in 2000


IndiGo places 500 aircraft A320 order with Airbus

On 19th June 2023, at the Paris Air Show 2023, India’s airline InterGlobe Aviation Ltd (IndiGo) ordered 500 A320 aircraft, from French manufacturer Airbus scheduled to be delivered within the years 2030-2035. 

  • The purchase agreement was signed in the presence of V. Sumantran, Chairman of the Board of IndiGo, Pieter Elbers, Chief executive officer(CEO) of IndiGo, Guillaume Faury, CEO of Airbus, and Christian Scherer, Airbus’ Chief Commercial Officer and Head of International.

i.The aircraft’s ordered comprises A320NEO (New Engine Option), A321NEO and A321XLRs (Extra Long Range) aircraft.
ii.The engines of the aircraft will be decided by Airbus between Pratt & Whitney and CFM with a mix of A320 and A321 aircraft.
iii.This deal stands 2nd to Air India which made a deal of 470 aircraft with Airbus and Boeing Company in February 2023.


Star Alliance wins World’s Best Airline Alliance at the Skytrax 2023 World Airline AwardsOn June 20 2023, at the Skytrax 2023 World Airline Awards in Paris Air Show 2023, Paris, France, Star Alliance is named the World’s Best Airline Alliance Award for Singapore Airlines, and the Star Alliance Lounge at Los Angeles(LA) International Airport wins the top award as the Best Alliance Lounge for the 7th year.

  • The Star Alliance network which was established in 1997, is a global group of 26 airlines, including Air India, Lufthansa, Singapore Airlines and South African Airlines.
  • The 13 Star Alliance member airlines received 35 additional awards including World’s Cleanest Airline and World’s Best Premium Economy Class to several best regional airline awards.
  • Since its introduction in the award categories in 2005, Star Alliance has won the World’s Best Airline Alliance award several times.

The Skytrax World Airline Awards are known as “the Oscars of the aviation industry”, are decided through international customer voting. 
This year’s survey represented passengers over 100 nationalities in major international languages.


Hasmukh Adhia appointed as Chairman of GIFT City; Airavat Capital launches global technology fund at GIFT CityHasmukh Adhia, the Senior retired bureaucrat and former Union Finance Secretary & Revenue Secretary, has been appointed Chairman of GIFT City Ltd by replacing Sudhir Mankad, former chief secretary of Gujarat.

  • Besides, Hasmukh Adhia has also been appointed Director and Chairman of the boards of State public sector undertakings Gujarat Alkalies & Chemicals Ltd (GACL) and Gujarat Mineral Development Corporation Ltd (GMDC) with immediate effect.

Note – GIFT City Ltd is an entity responsible for developing India’s first smart city Gujarat International Finance-Tec City in Gandhinagar.
On 20 June 2023, Investment management firm Airavat Capital announced the launch of Airavat Global Technology Fund R (AGTF R) at GIFT City.

  • The fund will offer Indian HNIs (High Net-worth Individuals) and institutional investors the opportunity to leverage Indian technology ecosystem insight to capitalise on the growth potential of top-listed technology companies worldwide.

Catalin Predoiu, Justice Minister of Romania appointed as Interim PM of Romania

Klaus Iohannis, the President of Romani has appointed Catalin Predoiu, the Justice Minister of Romania as the interim (Acting) Prime Minister (PM) following the resignation of current PM Nicolae Ciuca on 12th June 2023, as part of planned rotation of a ruling coalition.

  • Under the Constitution of Romania, the head of state appoints a candidate for the post of PM after consulting the party or coalition of political parties that have an absolute majority in Parliament.

Background:
iIn 2021, when the social-democrats (PSD) and the Liberals (PNL), together with the Hungarian minority party (UDMR), decided to form a coalition, they established a rotation of the PMs, with NicolaeCiuca serving until the end of May 2023.
ii. Under an agreement reached by the members of the ruling coalition that was sworn in in November 2021, Romania rotated its PM every 18 months before the next parliamentary elections, which are expected in December 2024.
iii. As per the agreement, Marcel Ciolacu, Social Democrats chief is expected to become the new PM with a vote in parliament set to take place in the third week of June 2023.
iv. The rotation should have taken place on May 25, 2023 but the teachers strike in Romania delayed it.
About Catalin Predoiu:
iCatalinPredoiu, born 27 August 1968 was a Romanian lawyer, he joined the youth wing of the National Liberal Party of Romania in 1991.
ii. He served as Minister of Justice from 2008 to 2012 and Foreign Minister in 2009.
iii. He also served as acting PM after Emil Boc’s resignation from 6 to 9 February 2012.
iv. He also served as the Interim PM of Romania from 12th to 15th June 2023.
About Romania:
Capital- Bucharest
PM- Marcel CIOLACU (From 15th June 2023)
Currency- the Romanian Leu


Alibaba CEO Zhang Resigns to focus on Alibaba Cloud Intelligence Group

On 20th June 2023, Daniel Zhang Yong, the 51-year-old Chinese business executive, has announced his resignation as Alibaba Group Holding chairman and Chief Executive Officer(CEO) and to focus on Alibaba Cloud Intelligence Group.

  • Zhang joined the retail giant in 2007 and became CEO in 2015 and chairman in 2019, succeeding co-founder Jack Ma.
  • Eddie Yongming Wu, chairman of Alibaba’s Taobao and Tmall Group, is set to assume the role of CEO at Alibaba Group.
  • Joseph Tsai, the Executive Vice Chairman, is set to assume the position of Chairman, succeeding the current chairman.

CCI approves acquisition of stake by HDFC in 2 InsurersOn June 20, 2023, the Competition Commission of India (CCI) granted its approval to Housing Development Finance Corporation Limited (HDFC) to acquire a certain stake in HDFC Life Insurance Company and HDFC ERGO General Insurance Company Ltd.

  • These approvals will aid in the merger of HDFC into HDFC Bank, expected to be finalized by the Q3FY24.
  • In both cases, the merged entity HDFC Bank (after the effective date of the proposed amalgamation) will hold over 50% of the shareholding of the two insurance companies

Background:
On April 4, 2022, HDFC Bank agreed to take over HDFC in a deal valued at about USD 40 billion which is termed as the biggest transaction in India’s corporate history. In April 2023, the Reserve Bank of India (RBI) permitted HDFC Bank or HDFC to raise their stake in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50%, effective until the merger date.

  • HDFC Limited is a public limited company incorporated under the Companies Act, 1956

The Outcome:
The proposed entity i.e. ‘HDFC Bank’ will have a combined asset base of around Rs 18 lakh crore. Once the deal is effective, HDFC Bank will be 100% owned by public shareholders, and existing shareholders of HDFC will own 41% of the bank.

  • Every HDFC shareholder will get 42 shares of HDFC Bank for every 25 shares they hold. 

HDFC sells 90% of its stakes in HDFC Credila for Rs 9,060 crore

Housing Development and Finance Corporation(HDFC) has sold its 90% stakes in HDFC Credila Financial Services, a education loan subsidiary of the (HDFC) to BPEA EQT and ChrysCapital for Rs 9,060 crore.
i.The Stakes are acquired by Kopvoorn BV, part of the BPEA EQT group, and Moss Investments, Defati Investments Holding B.V. & Infinity Partners,which are part of the ChrysCapital group
ii.The total revenue of HDFC Credila during the 2022-23 fiscal was Rs 1,352.18 crore and its net worth as on March 31, 2023, was Rs 2,435.09 crore.
Background for the sale:
The sale comes ahead of the completion of HDFC’ Ltd’s merger with HDFC Bank Ltd.,
as advised by RBI to bring down the shares in HDFC Credila Financial Services to 10% within years.


International Yoga Day 2023 – 21st June The United Nations(UN)’s International Yoga Day(IDY) is annually observed across the globe on 21st June to create awareness about the benefits of practising yoga, an ancient physical, mental and spiritual practice that originated in India.

  • 21st June 2023 marks the observance of the 9th International Yoga Day. 

The theme of  IDY 2023 is “Yoga for Vasudhaiv Kutumbakam” – ‘Yoga for ‘The World is One Family’.
Background:
i.The United Nations General Assembly(UNGA) adopted the resolution A/RES/69/131 in December 2014 and proclaimed the 21st June of every year as the International Day of Yoga.
ii.The first-ever International Day of Yoga was observed on 21st June 2015. 
Observance: 
The 9th International Day of Yoga is organised by the Permanent Mission of India to the UN in collaboration with the UN Secretariat at the UN Headquarters in New York, The United States of America (USA).
Note: Narendra Modi,  Prime Minister (PM) of India, attended the Yoga program at the UN Headquarters.

World Hydrographic Day 2023 – June 21      World Hydrographic Day (WHD) is annually celebrated on 21st June across the world to raise awareness of the importance of hydrography and its major role in improving the knowledge of the seas and oceans.

  • This day also aims to publicise the work of Hydrographers all around the world.

The 2023 theme of World Hydrographic Day is “Hydrography – Underpinning the Digital Twin of the Ocean

  • The 2023 theme for WHD is designed to highlight the relationship between hydrography and oceanography.

Background:
iWorld Hydrography Day was approved and implemented as an annual celebration by the International Hydrographic Organization (IHO) in 2005.
ii. On 29th November 2005, the United Nations General Assembly (UNGA) adopted the Resolution A/RES/60/30 “Oceans and the law of the sea”, recognizing the establishment or adoption of World Hydrography Day to be celebrated on 21st June every year, by the IHO.
iii. The first ever World Hydrography Day was observed on 21st June 2006.
About International Hydrographic Organization (IHO):
Established in– 1921
Secretary-General– Dr Mathias Jonas (Germany)
Headquarters– Monaco


International Day of the celebration of Solstice 2023 – June 21

International Day of the Celebration of the Solstice for the year 2023 is observed globally on June 21 to highlight the importance of the solstice in the culture of many indigenous peoples and to encourage cultural exchange.

  • The International Day of the Celebration of the Solstice was proclaimed by the United Nations General Assembly(UNGA) on 20th June 2019 within the Resolution A/RES/73/300 to promote awareness around the astronomical events of Solstice and Equinox.
  • A solstice is an astronomical event that happens twice a year typically around June 20th or 21st and December 21st or 22nd. During a solstice, the tilt of the Earth’s axis is at its maximum, either pointing towards or away from the Sun.

The solstice:
Solstice is derived from the Latin words’sol’ (‘Sun’) and’sistere’ (‘to hold still’)The solstice is the point at which the Sun is at its greatest distance from the Earth and occurs times every year.
i.Summer Solstice :- On June 21(initial solstice) usually referred to as the Summer Solstice for being the 1st day of summer and the longest day of the year occurs in June in Northern Hemisphere.
ii.On December 21 ,(2nd solstice) referred to as the Winter Solstice for being the 1st day of Winter and the shortest day of the year occurs in Winter in Southern Hemisphere.
The equinox:
An equinox is derived from the Latin aequinoctium, from aequus (equal) and nox (night).The equinox is when the Sun is above the Earth’s equator and occurs twice a year and the day and night time are of approximately equal duration.
i.Spring equinox which occurs on 20th March as it marks the beginning of Spring in most cultures.
ii.The other being the Autumnal equinox which occurs on 23rd September as it marks the beginning of autumn.

World Music Day 2023 – June 21 World Music Day is annually celebrated across the world on 21st June to encourage and honour the musicians and singers for the gift of music across the world. This day recognises the power of music in uniting people of different nationalities, cultures, and races around the world.

  • This day also serves as a platform and provides opportunities to the young and amateur musicians to showcase their talents.
  • World Music Day, also known as Fête de la Musique, meaning “Festival of Music” in French.
  • 2023 marks the 41st Anniversary of the celebration of Fête de la Musique.

Note: The annual celebration of Fête de la Musique across the world coincides with the day of the Summer Solstice, a day symbolising the perfect balance of light and darkness.
Background:
iIn 1982 World Music Day was first celebrated as Fête de la Musique in Paris, France conceived by Jack Lang, an French Minister of Culture along with Maurice Fleuret, Director of Music and Dance of the Ministry of Culture, France.
iiMaurice Fleuret, Jack Lang, along with Christian Dupavillon, architect-scenographer came up with a plan to unite the musicians on the streets of Paris (France) for the celebration of Fête de la Musique.
iii. The Celebration of Fête de la Musique was adopted as a global event on the occasion of the European Year of Music 1985.
iv. The day, which originated on 21st June 1982 in France, is currently celebrated in around 120 countries worldwide.
Events in India:
On the occasion of World Music Day 2023 and International Day of Yoga 2023 (21st June 2023), Sangeet Natak Akademi, has organised an event “Samyog”, at Meghdoot theatre complex, Copernicus Marg, New Delhi, Delhi.

  • The event includes, workshops related to Yoga and Music, and Music performances by various performers and musicians.

UP Government Launches ‘Polytechnic Chalo Abhiyan‘ to Motivate Technical Education Among Youth

On 16th June 2023, the Government of Uttar Pradesh(UP) launched ‘Polytechnic Chalo Abhiyan 2023’ to motivate youths to pursue technical education and take admission in polytechnic institutes.

Current Affairs – 21 June 2023

ITI Ltd signs MoU with TCIL and C-DOT to Develop Products for Smart Cities
On June 19, 2023, ITI Ltd has signed a memorandum of understanding (MoU) with Centre for Development of Telematics (C-DOT ) and Telecommunications Consultants India Limited (TCIL) to develop and provide new communication products and services for smart cities.

  • Each project will be administered under a separate project agreement, in which TCIL will be the lead partner, C-DOT will be the technology partner and ITI will be the manufacturing partner.

Aim:
To establish a framework for cooperation between the three in creating and delivering of innovative telecommunication products and related services for Smart Cities,
Signatories:
The MOU was exchanged between Rajesh Rai, Chairman and Managing Director of ITI Limited, Rajeev Kumar, Registrar, C-DOT, and Alka Asthana, Executive Director, TCIL.
What is in the MoU?
i.Under the MoU, project agreements will specify the responsibilities of the parties involved, payment terms, and mutual objectives of the parties.
ii.This collaboration will create an ecosystem capable of delivering end-to-end indigenous telecom networks/solutions.
iii.The companies will ensure conceptualisation, installation, commissioning and maintenance of C-DOT and third-party-designed products.
iv.The signatory companies will cooperate to each other in the areas of extending repair support, making and delivering identified products and ensuring technical compliance of the products, among others.
v.This MoU is a part of efforts made by the Central Government to bring together research and development (R&D) in telecommunications.
About ITI Limited:
Chairman and Managing Director– Rajesh Rai
Headquarters– Bengaluru, Karnataka


MeitY joins hands with IITs to promote R&D of NanoelectronicsThe Ministry of Electronics and Information Technology (MeitY) has joined hands with IITs (Indian Institute of Technologies) to promote research, development of nanoelectronics.
Initiatives to be taken under Collaboration
Several initiatives have been undertaken by MeitY in the last five years to promote Research and Development (R&D) of nanoelectronics in India. The most important of these initiatives is the establishment of Nanoelectronics Centres of international standards at premier institutes. Now following programs will be held:
i.Nanoscale Research Facility at IIT Delhi is organizing its “8th User Awareness Workshop on Fabrication & Characterization Facility for Nanotechnology” on June 22-23, 203.

  • This programme is being organised under a MeitY funded project called ‘Indian Nanoelectronics Users’ Programme Idea to Innovation (INUP-i2i).

ii.INUP-i2i is being implemented at Centre of Excellence in Nanoelectronics (CEN) at IISc, IIT Bombay, IIT Delhi, IIT Madras, IIT Kharagpur and IIT Guwahati and has provided a great opportunity to access state of the art nanofabrication facilities for undertaking research and skill development in Nanoelectronics.
iii. IIT Delhi and IIT Kharagpur are also organising Nano Hackathon for developing solutions for issues associated with healthcare. This programme is also being organised under the MeitY funded INUP-i2i project.
About Ministry of Electronics and Information Technology (MeitY):
Union Minister – Ashwini Vaishnaw (Rajya Sabha Odisha)
Ministers of State (MoS) – Rajeev Chandrasekhar (Rajya Sabha Karnataka)


19th Ex Khaan Quest 2023: India participates in Multinational Peacekeeping Exercise in Mongolia
On June 19, 2023, a 14-day long 19th edition of Multinational Peacekeeping Joint Exercise, Ex Khaan Quest 2023, was inaugurated by the President and Commander-In-Chief of the Mongolian Armed Forces (MAF) Ukhnaagiin Khurelsuk at the Five Hills Training Area in Mongolia.

  • Co-sponsored by MAF and United States Army Pacific Command (USARPAC), it features participation from military contingents and observers from 26 countries, including Indian Army (IA).
  • The Lao People’s Democratic Republic participated for the first time and the Republic of Türkiye with a full team.
  • IA is represented by a contingent from the Garhwal Rifles.

Aim:
i.Enhance interoperability of the participating nations
ii.Promote experience sharing
iii.Train uniformed personnel for the United Nations Peacekeeping Operations (UNPKO)
Key Points:
i.The exercise includes Command Post Exercise (CPX), Field Training Exercises (FTX), combat discussions, lectures and demonstration.
ii.It will enhance the level of defence co-operation between IA and participating countries especially with the MAF which will boost bilateral relations between the two countries.
iii.The exercise showcases commitment and joint efforts of nations to global security cooperation
About Ex Khaan Quest:
It an annual military exercise held in Mongolia. Establishment in 2003 as a joint exercise between MAF and the United States Indo-Pacific Command (USINDOPACOM), it became an international exercise in 2006.


India, Philippines Sign MoU on FinTech CooperationOn June 19, 2023, Department of Economic Affairs, Ministry of Finance (MoF), Government of India and the Department of Finance (DOF), Government of Philippines, signed a Memorandum of Understanding (MOU) on Financial Technology (fintech) cooperation. The MoU also aims to promoting financial inclusion to address the digital divide. 
Signatories: The MOU was signed by Shambhu S. Kumaran, Ambassador of India to the Philippines and Benjamin E Diokno, Secretary, DOF, Government of Philippines in Manila, Philippines.
Key Points:
i.Under the MoU, a Joint Working Group (JWG) would be constituted comprising senior representatives from Foreign and IT Ministries, Central Banks, financial sector regulatory institutions and other related agencies as members.

  • The JWG would be co-chaired at the undersecretary level from the Ministries of Finance.

ii.The JWG would promote cooperation between fintech industry in India and Philippines, including development of innovative technologies, digital governance, payment linkages, creation of interoperable APIs (Application Programme Interface), financial inclusion, promoting use of digital signatures across borders and mainstreaming digital fund transfer platforms among others.
iii.The MoU was expected to provide an institutional framework for cooperation on three key areas of digitalization of payments, direct benefit transfer using national ID, and financial inclusion.
About Philippines:
President – Bongbong Marcos
Capital – Manila
Currency – Philippine peso (PHP)


Members of the United Nations have adopted the first-ever treaty to protect marine life in high seas
On 19th June 2023, The United Nations adopted the first-ever legally binding international treaty to protect marine life in high seas.
i.Known as the Biodiversity Beyond National Jurisdiction Treaty (BBNJ), or the High Seas Treaty, approved by 193 U.N. member states, imposes rules aimed at protecting the environment and establishes the first-ever framework for governing practices like fishing, mining and oil extraction in international waters.
ii.The treaty is adopted after nearly two decades of negotiations to govern the high seas.
iii.It will be opened for signatures on September 20, during the annual meeting of world leaders at the General Assembly, and it will take effect once it is ratified by 60 countries.
iv.The treaty will create a new body to manage conservation of ocean life and establish marine protected areas in the high seas. It also establishes ground rules for conducting environmental impact assessments for commercial activities in the oceans.
Key points from the Treaty:
i.The treaty establishes a framework for “Marine Protected Areas”.
ii.It establishes standards and guidelines to determine the environmental impacts of high seas.
iii.The treaty creates a Conference of Parties (COP) to enforce the treaty’s terms, which includes a scientific advisory board.
iv.It creates a mechanism for transferring marine technology to developing countries.
About United Nations:
Secretary General– António Guterres
Headquarters- New York City, United States
Established in- 1945


Kathmandu-based ICIMOD Study Report:  Himalayan glaciers might lose 75% of their ice by 2100
According to the study report issued by Kathmandu (Nepal) based intergovernmental scientific authority International Centre for Integrated Mountain Development (ICIMOD), Glaciers in the Hindu Kush Himalayas are melting at unprecedented rates and are expected to lose up to 75% of their volume by 2100 due to global warming.

  • The Hindu Kush Himalaya stretches about 3,500 km (2,175 miles) across India, Afghanistan, Bangladesh, Bhutan, China,  Myanmar, Nepal and Pakistan encompassing the peaks like Everest and K2.

Key Findings of the Report:
i.As per the report, the melting of glaciers could cause dangerous flooding and water shortages for the 240 million people who live in the mountainous Himalayan region.
ii.The report warns that if greenhouse gases (GHGs) are not drastically reduced, flash floods and avalanches will become more common in the coming years.
iii.The report also mentioned that due to glacier melting, the availability of freshwater would be impacted which in turn affect the 240 million people who live in the Himalayan region as well as another 1.65 billion who live downstream of the 12 rivers that originate in the Himalayan mountains.
iv.According to recent research, Mount Everest’s glaciers have lost 2,000 years of ice in the last 30 years.
v.The report stated that at 1.5 degrees Celsius (°C) or 2°C of warming above preindustrial temperatures, glaciers across the entire region will lose 30% to 50% of their volume by 2100.

  • In the Eastern Himalayas (which includes Nepal and Bhutan), a 3°C warming could result in a loss of up to 75% of the ice, at 4 °C warming, the loss could increase to 80%.

vi.The report also warns that water flows in the region’s 12 river basins, including the Ganges, Indus, and Mekong, are expected to peak around mid-century, affecting over 1.6 billion people who rely on those water sources.

Note – The name the Hindu Kush comes from the Persian words Hindu and kush, meaning ‘killer of Hindus.’


NSE International Exchange unveils a New Identity for Gift NiftyOn June 19, 2023, the NSE International Exchange (NSE IX) unveiled a new brand identity/logo of GIFT Nifty at International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat under NSE IFSC-SGX Connect Project.

  • This project will replace the existing SGX Nifty Futures & Options contracts, which was traded on the Singapore Exchange (SGX) to GIFT Nifty from July 3, 2023 under NSE IFSC-SGX Connect project.
  • Injeti Srinivas, Chairman of the International Financial Services Centre Authority (IFSCA) was the chief guest of the event. The event also saw the presence of Ashish kumar Chaunah, MD & CEO, NSE, and V Balasubramaniam, MD & CEO, NSE IX.

Note:
i.The full form of Nifty is National stock exchange FIFTY.
ii.NSE IFSC is a fully owned subsidiary company of National Stock Exchange of India Limited (NSE India).
Key Points:
i.Following the replacement, all US (United States) dollar-denominated Nifty derivatives contracts will be exclusively traded on NSE IFSC.

  • All open positions in SGX NIFTY will migrate to GIFT NIFTY; hence no open interest remains in SGX NIFTY.

ii.The SGX NIFTY will be suspended from trading after the end of the T session on June 30 2023. SGX intends to delist the SGX NIFTY.
iii.NSE IFSC-SGX Connect project was approved in 2019 for trading of the SGX’s Nifty futures contract, based on the NSE’s Nifty 50 index, on IFSC which will boost activity at the GIFT City.
iii.The new identity enables Market participants to access Gift Nifty 50, Gift Nifty Bank, Gift Nifty Financial Services, and Gift Nifty IT derivative contracts on NSE IX for almost 21 hours from July 3, 2023 which overlaps Asia, Europe, and US trading hours.
About National Stock Exchange of India Limited (NSE India):
Managing Director & CEO– Ashishkumar Chauhan
Headquarters– Mumbai, Maharashtra


Union Bank of India Launched four Bank Account Schemes to Benefit Women, Pensioners & CHS
On June 19, 2023, the Union Bank of India launched four bank account schemes named Union Unnati, Union Samriddhi, Union Samman, and Union SBCHS (SB Account For Co-Operative Housing Society), targeting women, women entrepreneurs and professionals, pensioners and cooperative housing societies (CHS).
The 4 account schemes and their benefits:
i.Union Unnati: CD Account For Women

  • It is a current account (CA) designed for Women Individuals & Sole Proprietorship (Women proprietors) with an Average Monthly Balance (AMB) of Rs 50,000.
  • The account offers free Cancer Care Insurance Coverage Sum assured of Rs 10 lakhs, personal accident cover, concession in loan interest rates, retail loan processing charges, and minimal service charges.

ii.Union Samriddhi

  • It is a savings bank account targeted at Women Individuals (18 years and above) to empower them by providing a safe and convenient savings and financial management avenue.
  • This account also offers benefits similar to Union Unnati such as Free Cancer Care Insurance Coverage, personal accident cover, and concession in loan interest rates, among others.

iii.Union Samman:

  • It is a savings account aimed at pensioners thus Individuals drawing regular pensions through Union Bank are eligible for this account
  • It extends door-step banking, personal accident cover, concession in loan interest rates and processing charges, and free health check-ups.

iv.Union SBCHS:
Union SBCHS is a savings bank account that acknowledges the cooperative housing societies (such as Resident Welfare Association/apartment owners Association) by offering concessions in loan processing charges for purchasing solar lights, elevators, and other machinery, as well as concessional rates for home, vehicle, and education loans for society and flat owners.
About Union Bank of India:
Establishment -11 November 1919
Headquarters – Mumbai, Maharashtra
MD& CEO – A. Manimekhalai
Tagline – Good People to Bank with


Airbnb and the Ministry of Tourism signed an agreement to promote cultural tourism and heritage stays

Online lodging hosting service, Airbnb has signed a memorandum of understanding with India’s Ministry of Tourism to showcase the country’s heritage stays and promote cultural tourism.

  • The MoU signed in the presence of Shri G. Kishan Reddy, Union Tourism Minister, Government of India, Ms. V. Vidyavathi, Secretary, Ministry of Tourism, Shri Rakesh Kumar Verma, Additional Secretary, Ministry of Tourism, and Amanpreet Bajaj, General Manager, Airbnb India, Southeast Asia, Hong Kong and Taiwan.

Key elements of the MoU:
i.Airbnb will partner with the Ministry of Tourism in its vision to promote inbound tourism as a part of its ‘Visit India 2023’ initiative.
ii.Under the MoU, Airbnb will launch a dedicated ‘Soul of India’ microsite for the global audience showcasing India’s rich culture and built heritage
iii.Airbnb will also offer support to hosts in untapped tourist areas, assist them in promoting their homestays, build host capacity, and foster a culture of responsible hosting.
Note: In December 2022, Airbnb signed a memorandum of understanding with the Goa tourism department to promote inclusive tourism.


British author Salman Rushdie awarded the 2023 Peace Prize of the German Book Trade
Salman Rushdie, an Indian born British-American writer was awarded the 2023 Peace Prize of the German Book Trade for his literary work and for his resolve and positive attitude in the face of constant threat to his life.

  • The award ceremony will take place on 22nd October 2023 in the Church of St. Paul in Frankfurt am Main, Germany.

Note: The 2022 Peace Prize of the German Book Trade was awarded to Serhiy Zhadan, an Ukrainian author and musician.
About the Peace Prize:
iSince 1950, the German Publishers and Booksellers Association, the professional organisation of publishers and booksellers in the Federal Republic of Germany, has been awarding the Peace Prize of the German Book Trader.
ii. The Peace Prize is linked with a prize money of 25,000 euros, which is raised by the publishers and booksellers.
iii. The Foundation Board of the Peace Prize has annually selected a personality who has made an important contribution to peace, humanity and understanding between peoples since 1950.
About Salman Rushdie:
iSalman Ahmed Rushdie, born on 19th June 1947 in Bombay (now Mumbai, Maharashtra), is the author of novels, short stories, travel literature, essays and journalistic pieces. His works have been translated into over 40 languages.
ii. At the age of 14, he moved to England, the United Kingdom (UK) and began his professional career as a freelance journalist and theatre actor.
iii. In 1973, he actively became a writer and eventually published his debut novel, Grimus, in 1975.
iv. From 2004 to 2006, he was president of the PEN (Poets, Playwrights, Editors, Essayists, Novelists) American Centre and also acted as chairman of the PEN World Voices International Literary Festival for ten years.
Notable works:
Some of his notable works includes: The Satanic Verses (1988), East, West (1994), The Moor’s Last Sigh« (1995), The Ground Beneath Her Feet« (1998), Fury (2002), Luka and the Fire of Life (2010), Two Years Eight Months and Twenty-Eight Nights (2015), Golden House (2017) and Quichotte (2019).
Awards and Honours:
iIn 2019, Salman Rushdie was honoured with WELT Literary Award
ii. In 2019, he was awarded the Swiss Freethinkers Awardin recognition of his artistic work.
iii. He won the 1981 booker prize for his 2nd novel “Midnight’s children, which brought him international fame, becoming a bestseller in the UK and the United States of America (USA).


Swaminathan Janakiraman, MD of SBI appointed as Deputy Governor of RBI

On 20th June 2023, the Appointments Committee of the Cabinet (ACC) approved the appointment of Swaminathan Janakiraman, Managing Director (MD) (Corporate Banking and Subsidiaries) of the State Bank of India (SBI) to the post of Deputy Governor (DG) of the Reserve Bank of India (RBI).

  • The appointment of Swaminathan Janakiraman is for a period of three years from the date of joining the post or until further orders.
  • He will succeed Mahesh Kumar Jain, whose 5 years tenure ends on June 22nd 2023.

Note:
Mahesh Kumar Jain was first appointed as a DG in June 2018 for 3 years, then he was re-appointed in June 2021 for a further 2 year period.
About Swaminathan Janakiraman:
iIn a career spanning over 33 years with SBI, SwaminathanJanakiraman held various assignments across Corporate and International Banking, Retail and Digital Banking and so on.
ii. He served SBI in various capacities including Deputy Managing Director (Finance) and Chief Digital Officer.
iii. Prior to this, he served as the Chief General Manager (CGM) of Hyderabad, Telangana Circle and also served in SBI’s New York (the United States of America-USA) Branch as Head of Trade.
iv. As SBI’s nominee, he served on the Board of Bank of Bhutan, an SBI Joint Ventures (JV) in Bhutan.
v. As SBI’s nominee, he was a Director on the boards of Yes Bank, National Payments Corporation of India (NPCI), NPCI International and Jio Payments Bank.
vi. He also was the SBI’s nominee director and Chairman of the Board of SBI Payments Services Pvt Ltd, an SBI Hitachi JV.
vii. He is a Certified Anti-Money Laundering Specialist (CAMS) as well as Certified Documentary Credit Specialist (CDCS).
About Reserve Bank of India (RBI) :
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
Governor– Shaktikanta Das
Headquarters– Mumbai, Maharashtra
About State Bank of India (SBI):
Founded in– July 1955
Chairman– Dinesh Kumar Khara
MD– Swaminathan Janakiraman
Headquarters– Mumbai, Maharashtra


TPG Investments exits Shriram Finance by selling 2.65% stake

On 19th June 2023, Private equity(PE) firm and a Leading Global Alternative Asset Manager Texas Pacific Group(TPG) sold its entire 2.65 % stake or 99.2 lakh shares in Non-Banking Financial Company(NBFC) Shriram Finance Ltd for Rs 1,390 crore through open market transactions.

  • The shares were offloaded through TGP’s affiliate – TPG India Investments II Inc in 18 tranches.

Shriram Finance provides consumer finance services, offering automobile, commercial vehicle, business, and gold loan services.
It was formed by the merging of Shriram City Union Finance and Shriram Capital into Shriram Transport Finance.


Mahindra Defence delivered India’s 1st Armado ALSV to Indian ArmyMahindra Defence Systems (MDS), a wholly-owned subsidiary of Mahindra & Mahindra (M&M) has started delivering the first units of the Armado to the Indian armed forces. The Armado is India’s 1st Armoured Light Specialist Vehicle (ALSV), designed and developed by Mahindra.

  • The Armado ALSV can be used in counter-terrorist and Special Forces operations, and can also be used by quick reaction teams, as a surveillance vehicle and for patrolling the borders.
  • It is designed to be a modular type, that can be upgraded to suit a wide variety of operational roles, offers ballistic protection up to B7, Stanag (Standardization Agreement) Level II.

Note:
B7 ballistic protection is the strongest level of protection used to stop armour-piercing bullets from high-velocity rifles including sniper rifles.
Stanag Level II protection ensures grenade and mine blast threats and high-powered artillery of up to 115mm at 80m.
Features of Armado ALSV:
iIt is powered with a 3.2-litre turbocharged, direct-injection diesel engine that can also run on NATO (North Atlantic Treaty Organization)-grade diesel.
ii. The engine produces 215 Horsepower (hp) and 500 newton-metre(Nm) of torque and power is delivered to all four wheels via a 4-speed automatic gearbox.
iii. The Armado has a claimed top speed of over 120 kilometres per hour (kph) and a 0-60kph time of 12 seconds, and has a payload capacity of 1,000 Kilogram (kg).
iv. It also features Bilstein independent suspension for all four corners and gets 318/80 R17 tyres that can also run without air or a puncture for up to 50km and the Armado also gets a centralised tyre inflation system.
v. It gets a power steering system and can be configured to be either left-hand (LHD) drive or right-hand drive (RHD).
vi. It has a seating capacity of 6 passengers, including the driver, and can be configured to seat up to 8.
vii. It also gets a public address (PA) system, GPS (Global Positioning System), automatic grenade launcher, electric winch, High Frequency (HF) and Very High Frequency/Ultra High Frequency (VHF/UHF) radio as well as a self-cleaning-type exhaust scavenging and air filtration system for extremely dusty climates.
About Mahindra Defence System (MDS):
Incorporated in– 2012
Chairman– SP Shukla
Headquarters– Mumbai, Maharashtra


Egypt won SDAT WSF Squash World Cup 2023 in Chennai
On 17th June 2023, The defending champion Egypt won the Sports Development Authority of Tamil Nadu (SDAT) World Squash Federation (WSFSquash World Cup 2023 by defeating Malaysia in the finals.

  • SDAT WSF Squash World Cup 2023, the 4th edition of Squash World Cup, was held at the Express Avenue Mall, chennai, Tamil Nadu from 13-17th June 2023.
  • Tamil Nadu(TN) Chief Minister(CM) M.K. Stalin presented the golden cup to Egypt.
  • Egypt won the 3rd edition Squash world cup 2011 in chennai,Tamil Nadu.

About SDAT WSF Squash World Cup 2023:
SDAT WSF Squash World Cup 2023 was sponsored by the Tamil Nadu(TN) Government and supported by the Ministry of Youth Affairs and Sport (MoYAS), Government of India.
Note:  
i.After a gap of 12 years, the Squash World Cup has come to Chennai, TN. The 3rd edition was held in Chennai in 2011.
ii.From now onwards, it will be held every 2 years. The next World Cup will be in 2025.
Participants: 
Players from 8 countries Egypt, India, Japan, Malaysia, Australia, Hong Kong, China, South Africa, Colombia participated in the WSF Squash World Cup 2023.

  • Two men and two women from each country were allowed to participate in the squash world cup.

Results of the finals:

  • Kenzy Ayman(Egypt) lost to Xin Ying Yee(Malaysia) 0-3 in the women’s second string match.
  • Aly Abou Eleinen(Egypt) defeated Darren Pragasam(Malaysia) 3-0 men’s first string match.
  • Fayrouz Aboelkheir (Egypt) defeated Aira Azman (Malaysia) 3-1 in women’s first string match.
  • Karim El Hammamy (Egypt) v Sai Hung Ong (Malaysia)– match withdrawn in men’s second string match.

India wins Bronze at 2023 Squash World Cup: 
i.India ranked third place jointly with Japan by winning the bronze medal at the Squash World Cup 2023.This is India’s best performance in Squash world cup so far.

  • The Indian team lost to Malaysia in the semi-finals, represented by Joshna Chinappa, Saurav Ghosal, Tanvi Khanna and Abhay Singh.

About squash world cup:
The first edition of the Squash World Cup was played in 1996 in Petaling Jaya, Malaysia and featured 16 teams.

  • Australia won the inaugural world cup.

iii. England won the 2nd edition of the squash world cup 1999 in the Netherlands.


India’s Finance Ministers — From Independence to Emergency (1947-1977)

India’s Finance Ministers — From Independence to Emergency (1947-1977) is the story of India’s unforgettable finance ministers who shaped India’s economy in the first 30 years after Independence authored by Ashok Bhattacharya(AK Bhattacharya).

  • The 30-year period (1947 to 1977) that the book covers has been divided into three main parts — Nehru and his finance ministers, those under Shastri and Indira Gandhi, and Indira Gandhi as her own finance minister.

The book is published by‎ Penguin Business on 22nd May 2023.
About AK Bhattacharya:
An experienced economic  journalist for more than four decades went on to become the editor of the Pioneer and Business Standard. He is now Business Standard’s editorial director and a writer of a long-running column – Raisina Hill.


World Refugee Day 2023 – June 20The United Nations (UN)’s World Refugee Day is observed annually on 20th June across the world to honour the strength and courage of refugees around the globe and encourages public awareness and support of the refugees, people who have had to flee their homelands because of conflict or natural disaster.

  • World Refugee Day is also an occasion to build empathy and understanding for their plight and to recognize their resilience in rebuilding their lives.

The 2023 theme of World Refugee Day is “Hope away from home“.
Background:
iIn December 2000, the United Nations General Assembly (UNGA) adopted the resolution (A/55/597) and proclaimed the 20th June of every year as World Refugee Day.
ii. The first-ever World Refugee Day was observed on 20th June 2001.
iii. The 2001 event marked the 50th anniversary of the 1951 Convention relating to the Status of Refugees, which sets out the fundamental concepts for international refugee protection.
Note: It was originally known as Africa Refugee Day, before the UNGA officially designated it as an international day in December 2000.
About United Nations High Commissioner for Refugees (UNCHR):
Established on– December 14th 1950
High Commissioner– Filippo Grandi
Headquarters– Geneva, Switzerland
UNHCR works in- 135 countries (At present)


World Sickle Cell Day 2023 – 19th June

World Sickle Cell Day, also known as “World Sickle Cell Awareness Day” is annually observed across the globe on 19th June to raise awareness about Sickle Cell Disease (SCD) and its impact on individuals, families, and communities worldwide.
The theme of World Sickle Disease Day 2023 (observed on 19th June 2023) is ‘Building and strengthening global sickle cell communities, formalizing newborn screening and knowing your sickle cell disease status’.
Background: 
i.In December 2009, the United Nations General Assembly(UNGA) adopted the resolution A/RES/63/237 and recognised the sickle cell disease(SCD) as public health problem.
ii.The resolution also urged the members of the UN to create awareness about SCD on 19th June every year at national and international levels;
GoI set to Launch Mission to Eliminate Sickle Cell Anaemia
On June 27, 2023, The government of India (GoI) is set to launch the implementation of National Sickle Cell Anaemia Elimination Mission by Prime Minister(PM) Narendra Modi from Madhya Pradesh


International Day for Countering Hate Speech 2023 – June 18The United Nations (UN)’s International Day for Countering Hate Speech is annually observed across the globe on 18th June as a vital reminder of the urgent need to address the global issue of hate speech.

  • The day aims to promote interreligious and intercultural dialogue and tolerance in countering hate speech.
  • 18th June 2023 marked the observance of the 2nd International Day for Countering Hate Speech.

Background:
iIn July 2021, the United Nations General Assembly (UNGA) adopted the resolution A/RES/75/309 and proclaimed 18th June of every year as the International Day for Countering Hate Speech.
ii. The first-ever International Day for Countering Hate Speech was observed on 18th June 2022.
About United Nations (UN):
Founded in– 1945
Secretary-General– António Guterres
Headquarters– New York, the United States of America (USA)


International Picnic Day 2023 – June 18 International Picnic Day is annually observed across the globe on 18th June to celebrate the tradition of meals taken outdoors in a park, lakeside, or any spot with a beautiful view.

  • The day is observed to spend time with friends and family taking a break from the everyday routine.
  • This observance also celebrates the beauty of nature, strengthens family bonds, promotes an active lifestyle, and fosters a sense of togetherness.

Background: 
i.The origin of Picnic Day is associated with the French revolution (1789 to 1799).
ii.In 1789, the France opened its royal parks to the public after the French revolution, marking the observance of the first ever Picnic day celebration.
History: 
i.The term “picnic” finds its roots in the French word “pique-nique,”
ii.During the 19th-century, picnic, a leisurely gathering, was transformed into a social events.
iii.Picnics also represents the unity of common people during political protests such as the 1989 Pan-European Picnic which played a major role in the fall of the Iron Curtain.


Jharkhand CM Hemant Soren launches Panchayat level Medicine shop scheme
On 19th June 2023, Jharkhand Chief Minister (CM) Hemant Soren launched a ‘panchayat-level medicine shop’ scheme in Chatra district, Jharkhand, by handing over the licences to 21 educated youth of rural areas to operate medicine shops in panchayats.
About Panchayat-level medicine shop scheme:
i.The scheme aims to ensure the availability of essential medicines in remote villages and to promote employment.
ii.Under this scheme, medical shops will be established in every village of Jharkhand and provide essential and compulsory medicines to the people.
 Jharkhand Government is set to launch monthly social security pension for Transgender people
The Jharkhand government is set to launch a Rs 1,000 monthly social security pension for transgender people. This scheme will be implemented with an aim to support the unemployed transgender people.
Eligibility for the scheme:
i.Those who have attained the age of 18 and have voter identification cards will be eligible for the pension.
ii.Transgenders getting family pensions, paying income tax or availing any other benefits under the social security scheme, will not be eligible for the scheme.
iii.Eligible people should submit an application to the Block Development Officer (BDO) in rural areas and to the Circle Officer (CO) in municipal areas along with copies of their Aadhaar Card, voter ID card, Bank Passbook and the transgender certificate issued by the Deputy Commissioner.
Additional info: 
Jharkhand CM Hemant Soren also distributed appointment letters among 11 job aspirants, laid foundation stone for 177 projects costing around Rs 364 crore, inaugurated 42 schemes worth around Rs 14 crore, distributed assets and welfare schemes worth over Rs 2 crore among the beneficiaries during his visit to the district.
About Jharkhand:
Chief Minister – Hemant Soren
Governor- C. P. Radhakrishnan 
Wildlife sanctuaries- Dalma Wildlife Sanctuary, Gautam Buddha Wildlife Sanctuary, Hazaribagh Wildlife Sanctuary


IIM and Jammu signs MoU with SIDBI

On 16th June 2023, Indian Institute of Management (IIM), Jammu and the Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) on the 6th annual convocation of IIM at Jammu.

  • As part of the IIM Jammu-SIDBI partnership, projects would be launched to strengthen the entrepreneurial ecosystem in the country.