Daily Current Affairs August 30 2023 | Latest News | Download PDF

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CURRENT AFFAIRS : BANKING & FINANCE

Centre & Asian Development Bank to set up climate change and health hub in Delhi

• India in partnership with the Asian Development Bank (ADB) is set to open a climate change and health hub in New Delhi.
• The establishment of a climate change and health hub in New Delhi signifies a significant commitment towards knowledge sharing, collaboration, and innovation in tackling the challenges posed by climate change on health systems, especially in developing countries.

About climate change and health hub :

• The new hub for climate change and health will facilitate knowledge sharing, promote partnerships and innovations, and also help countries beyond the G-20, especially developing countries.
• In its recently released G-20 outcome document, India also noted that climate change will continue to drive health emergencies, including the emergence and re-emergence of infectious diseases, and by increasing the severity and frequency of natural disasters, thereby threatening to overwhelm health systems’ ability to deliver essential services.

The document committed to :

• To prioritize climate-resilient health systems development.
• To build sustainable and low-carbon/low greenhouse gas (GHG) emission health systems and healthcare supply chains that deliver high-quality healthcare.
• To mobilize resources for resilient, low-carbon sustainable health systems.
• To facilitate collaboration, including initiatives such as the WHO-led Alliance for Transformative Action on Climate and Health (ATACH).

About ADB :

• Established : 19 December 1966
• Headquarters : Mandaluyong, Philippines
• President : Masatsugu Asakawa
• Membership : 68 countries

Airtel Payments Bank partners with Frontier Markets, Mastercard to Support 100,000 Women-owned Small Businesses in India

• Airtel Payments Bank, in collaboration with Mastercard Center and Frontier Markets, has introduced a transformative initiative named She Leads Bharat: Udyam, an initiative to elevate 100,000 women-owned small businesses.

About She Leads Bharat: Udyam :

• She Leads Bharat: Udyam 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 to demonstrate a digital-first model designed to unlock ways for women-owned small businesses to increase their incomes.

Funding and Support :

• This initiative will be funded by the Mastercard Impact Fund, while Mastercard will bring the catalytic capital and global expertise of its Center for Inclusive Growth to unlock tools, resources, and networks for the women-owned small businesses.

First Phase :

• In the first phase, this initiative will enable 100,000 women-owned small businesses in Rajasthan and Uttar Pradesh to learn and earn through Frontier Markets’ proprietary, flexible Meri-Saheli platform.

Business Expansion :

• 10,000 of these women small business owners will be further enabled to grow their business by becoming Airtel Payments Bank Business Correspondents (BCs) & unlock additional revenue streams.
• This is aligned with the bank’s vision of ‘Empowering India with Accessible and Inclusive Banking.’

Gender Disparity in MSMEs :

• In India, women-owned micro, small and medium enterprises (MSMEs) constitute 20% of all MSMEs yet receive only 5% of the total financing provided by public-sector banks.

What is meant by frontier markets?

• Frontier Markets is a social enterprise that focuses on bringing products and services to rural and underserved communities in India.
• The organization is dedicated to providing rural households, particularly women, with access to clean energy products, such as solar products, efficient cookstoves, and other household essentials.

Recent News :

• In Aug 2023, India’s first payment bank, Airtel Payment Bank became the 1st Indian Bank to launch an eco-friendly debit card for its new and existing customers with a savings bank account.

About Airtel Payments Bank :

• Established : 23 November 2016
• Headquarters : New Delhi, Delhi, India
• MD & CEO : Anubrata Biswas

IDFC First Bank gets rights for international matches in India for 3 years

• IDFC First Bank has secured the title rights to the home international series of the Board of Control of Cricket in India (BCCI) for a duration of 3 years.
• The bank acquired these rights at a cost of Rs 4.2 crore per international match.
• Financial Arrangement: BCCI receives Rs 4.2 crore for each international fixture, marking a Rs 40 lakh increase from the prior arrangement of Rs 3.8 crore per match.

Key Highlights :

• The collaboration will kick off with the 3-match ODI series against Australia, scheduled to begin next month.
• IDFC First will be the Title Sponsor for all international matches (both women and men), domestic cricket matches like the Irani Trophy, Duleep Trophy, and Ranji Trophy organized by the BCCI as also all junior cricket (Under 19 and 23) matches, held in India.

About IDFC First Bank :

• Founded : October 2015
• Headquarters : Mumbai, Maharashtra, India
• MD & CEO : V. Vaidyanathan
• IDFC FIRST Bank is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution.
• It is the first universal bank to offer monthly interest credit on savings accounts, lifetime free credit cards with dynamic and low annual percentage rates.

Yes Bank partnered with Zaggle to launch next-generation corporate credit card                                      

• Yes Bank in collaboration with spend management platform Zaggle launched a co-branded Corporate Credit Card named Yes Bank Zaggle Corporate Credit Card to empower businesses to reimagine their payment processes, streamline reconciliation, and efficiently manage company expenditures.

Key Features of the Yes Bank Zaggle Corporate Credit Card :

• Enhanced Expenditure Control: The Yes Bank Zaggle Corporate Credit Card empowers businesses with direct control over their company expenditures.
• This capability enables businesses to efficiently manage and monitor spending, ensuring greater financial discipline.
• Customizable Spending Controls: The card offers businesses the flexibility to set individual spending limits for employees, apply restrictions based on merchant categories, and implement diverse controls.
• Exclusive Benefits: Cardholders gain access to a range of exclusive benefits, including rewards programs, golf privileges, access to airport lounges, and travel insurance.
• Integration with Zaggle’s ZatiX: The credit card facilitates integration with Zaggle’s ZatiX platform, a comprehensive spend management and analytics solution.
• This integration allows corporations to optimize cash outflows by leveraging data-driven insights for smarter financial decision-making.

About Yes Bank :

• Established : 2004
• Headquarters : Mumbai, Maharashtra, India
• MD & CEO : Prashant Kumar
• Tagline : Experience our expertise

CURRENT AFFAIRS: NATIONAL NEWS

Union Minister Shri Nitin Gadkari launches the world’s 1st 100% Ethanol-fueled car in New Delhi

• Road Transport and Highways Minister Shri Nitin Gadkari launched the world’s first 100% Ethanol-fueled car in New Delhi,
• Gadkari termed this day as historic saying that the world’s first BS-VI (Stage-II), electrified flex-fuel vehicle has been launched which can function fully on ethanol-based fuel.
• Raising concern over the pollution emitted by vehicles, the Minister stated that the country needs to undertake more sustainable and stringent measures to curb pollution.
• He stressed that the country has to reduce its dependence on oil imports in order to become self-reliant.

Key Highlights:

• Highlighting the importance of ethanol blended fuel, he said, the country’s agriculture sector will witness growth with the adoption of this move and it will generate lots of job opportunities.
• With the implementation of 20% ethanol blending in petrol, the country will save 35,000 crore rupees annually as an import bill.
• He added that India has achieved 10% of ethanol blending 5 months in advance of the initial target of 2022.
• He also underlined that the country is aiming to forge a partnership for the International Biofuel Alliance.
• With the ethanol blending process the farmers have earned 82,000 crores rupees so far and the country’s import bill has reduced.
• Flex fuel is a technology that allows an engine to utilise ethanol-blended petrol or gasoline beyond 20%.
• The aim is to reduce carbon footprint, improve sustainable mobility and decrease the country’s dependency on traditional fuel sources.

Recent News

• The Union Minister for Road Transport and Highways Shri Nitin Gadkari inaugurated and laid the foundation stone of 11 NH projects worth Rs 5600 Crore in Pratapgarh, Rajasthan.
• Union Minister for Road Transport and Highways Shri Nitin Gadkari inaugurated the 4-Lane Section between Nagaon Bypass-Teliagaon, and Teliagaon-Rangagara and laid the foundation for Mangaldai Bypass and the 4-lane section between Daboka-Parakhuwa in Assam.
• Union Minister for Road Transport and Highways Shri Nitin Gadkari inaugurated the Shelad to Nandura project costing Rs 816 crores on Amravati-Chikhali National Highway 53 at Khamgaon , Buldhana, Maharashtra.

Union Minister of Youth Affairs and Sports Shri Anurag Singh Thakur unveils infrastructure projects worth Rs 13 crores in Patiala:

• Union Minister of Youth Affairs and Sports, Shri Anurag Singh Thakur graced the Netaji Subhas National Institute of Sports in Patiala with his presence.
• He inaugurated a number of renovation projects aimed at strengthening sports infrastructure.
• During the tenure of Prime Minister Shri Narendra Modi, NSNIS Patiala has received crores of rupees for sports development in the last 1 year.
• The Union Minister inaugurated the projects worth Rs. 13 Crores, which included state-of-the-art Weightlifting Hall, Fitness centre, modern hostels and Guest House.
• The president of the Indian Weight Lifting Federation Mr Sehdev Yadav was also present during the inauguration.

Key Highlights:

• The newly renovated weightlifting hall has facilities of 26 training stations, modern types of equipment and all other ancillary facilities for a world-class training centre.
• The fitness center is equipped with world-class Strength and Conditioning and Physiotherapy types of equipment along with facilities of steam, sauna bath, hydropool and massage therapy.
• Silver Jubilee Hostel aims to provide the best residential facilities to our elite athletes and participants of multinational camps.
• Golden Jubilee flats or foreign coaches Hostel has been renovated and furnished for elite foreign coaches and NIS guest house is upgraded with modern facilities.

Recent News

• The Union Sports Minister Anurag Singh Thakur inaugurated the Asian Youth and Junior Weightlifting Championships 2023 in Greater Noida.

Bilateral meeting held between Union Commerce and Industry Minister Shri Piyush Goyal and Minister for Trade and Export Growth, New Zealand

• Shri Piyush Goyal, Minister of Commerce and Industry, Textile and Consumer Affairs, Food & Public Distribution of India and Hon Damien O’Connor, Minister for Trade and Export Growth of New Zealand, had a bilateral meeting at New Delhi.
• This meeting is part of a sustained effort by both governments to develop a broad-based relationship, building on the excellent meeting between the Prime Ministers of both countries in Port Moresby on 22 May 2023.

Key Highlights

• New Zealand and India enjoy strong people-to-people linkages; these extend over a range of activities including commerce, education, and tourism.
• People of Indian origin in New Zealand are making a strong contribution to all aspects of society.
• These linkages provide a strong base for advancing our economic cooperation.
• Ministers acknowledged the strong step-up in engagement between businesses in the two countries, and the desirability of ensuring this provides impetus to the government-to-government dialogue.
• The importance of the annual meeting of the Joint Trade Committee (JTC), established under the 1986 India-New Zealand Trade Agreement, and regular engagement at a senior level was also acknowledged.
• Ministers agreed to meet on a regular basis, as convenient, for bilateral discussions on trade and investment issues and co-operative activities.

About New Zealand:

• Prime Minister : Chris Hipkins
• Capital : Wellington
• Currency : Dollar

Recent News :

• New Zealand has become the first country to ban the thin plastic bags that supermarket customers use to collect their fruit and vegetables.
• Union Minister for Textiles, Consumer Affairs, Food and Public Distribution and Commerce and Industry, Shri Piyush Goyal discussed the roadmap to achieve the target of $250 billion in textiles production and $100 billion in exports by 2030.
• Union Minister Piyush Goyal will inaugurate the 44th edition of the ISO COPOLCO Plenary.
• The Commerce and Industry Minister Piyush Goyal has asked the Indian banks to ensure enhanced and affordable credit to MSMEs to achieve the target of 1 trillion dollar merchandise exports by 2030.

President Droupadi Murmu releases commemorative coin on NT Rama Rao on his centenary year

• President Droupadi Murmu released the commemorative coin on NT Rama Rao on his centenary year at Rashtrapati Bhavan Cultural Centre, New Delhi, Delhi.

About NT Rama Rao  :

• The Late NT Rama Rao enriched Indian cinema and culture through Telugu films.
• He breathed life into the prominent characters of Ramayana and Mahabharata through his acting.
• NTR also spread the message of social justice and equality through one of his films ‘Manushulanta Okkate’ that All human beings are equal.
• The President remarked that NTR’s popularity was equally wide as a public servant and leader.
• He created a unique chapter in Indian politics through his extraordinary personality and hard work.
• Murmu also appreciated the Ministry of Finance, for bringing the commemorative coin on NTR.
• His unique personality will always be imprinted in the hearts of the people, especially the Telugu-speaking people.

Recent news

• Suriname conferred its highest civilian honour to President Droupadi Murmu- The Grand Order of the Chain of Yellow Star, the first Indian to receive this award.
• President Droupadi Murmu Conferred the National Florence Nightingale Awards for the years 2022 and 2023 to the nursing professionals at the Rashtrapati Bhavan, New Delhi.

Khanan Prahari App Helping to Curb Illegal Coal Mining Activities Through Public Participation

• The environment and India’s economy are seriously threatened by illegal coal mining.
• The government has launched the Khanan Prahari App in response to this problem.
• With the help of this mobile application, local residents may report any suspicious coal mining activity that they see, helping to stop this unlawful practice.
• The corresponding web portal called as Coal Mine Surveillance & Management System (CMSMS) has been developed in association with the Bhaskaracharya Institute of Space Application & Geoinformatics, Gandhinagar, and CMPDI, Ranchi.

About the app:

• The Khanan Prahari smartphone app is a Ministry of Coal effort that seeks to deter unlawful coal mining by enlisting public support.
• The government wants to handle the various issues brought on by illegal coal mining by utilizing e-governance and space technology.

Key Features:

• Encouraging Public Participation: Recognizing the critical role that citizens play in battling this threat, the app aims to involve the public in reporting instances of unlawful coal mining.
• Transparency and Effective Action: The app uses space technology and transparency to help law enforcement stop unlawful mining activity.
• Importance of Public Participation: According to the administration, tackling illegal coal mining and its detrimental effects will require a concerted effort from all parties.

CURRENT AFFAIRS : STATE NEWS

Sri Lanka hosts its very first Karnataka cultural festival 

• Sri Lanka hosted its very first Karnataka cultural festival organized by the International Cultural Council of India in collaboration with Swami Vivekananda Cultural Centre and E Global Peace Foundation.
• Aim: To celebrate the rich cultural diversity of Karnataka and acknowledge the shared cultural heritage between India and Sri Lanka.

Highlights of the Festival :

• Diverse Performances: The festival featured a captivating lineup of performances by more than 30 artists from Karnataka.
• These performances encompassed a wide range of cultural expressions, including traditional dances, folk songs, multi-lingual poems, ballet performances, and engaging puppet shows.
• Celebrating Karnataka’s Heritage: The festival showcased the essence of Karnataka’s cultural heritage, providing a platform to showcase its traditional art forms, music, dance, and artistic creativity.
• Cultural Exchange: The festival facilitated a cross-cultural exchange between Karnataka and Sri Lanka, allowing both nations to appreciate and learn from each other’s artistic expressions and traditions.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Emmerson Mnangagwa wins 2nd term as president of Zimbabwe 

• Zimbabwean President Emmerson Mnangagwa was re-elected for a second and final 5-year term (2023-2028).
• The Zimbabwe Electoral Commission (ZEC) declared Mnangagwa the winner, with 52.6% of the vote, beating Nelson Chamisa of the Citizens’ Coalition for Change (CCC), who trailed at 44%.
• The election comes 6 years after longtime ruler Robert Mugabe was removed from power in a military coup.
• The 80-year-old’s party also won the parliamentary elections with 136 seats, while the CCC garnered 73 seats.

About Emmerson Mnangagwa :

• Emmerson Mnangagwa was born on September 15, 1942, in Shabani, Southern Rhodesia, which is now known as Zvishavane, Zimbabwe.
• He is a member of Zimbabwe African National Union – Patriotic Front (ZANU–PF).
• He earned the nickname “The Crocodile” due to his reputation for being a shrewd and ruthless politician.

About Zimbabwe :

• President : Emmerson Mnangagwa
• Capital : Harare
• Currency : Zimbabwean dollar

CURRENT AFFAIRS : DEFENCE NEWS

Indian Air Force to Participate in Exercise Bright Star-23 at Cairo Air Base in Egypt

• An Indian Air Force (IAF) contingent departed, for participating in Exercise BRIGHT STAR-23, a biennial multilateral tri-service exercise scheduled to be held at Cairo (West) Air Base, Egypt from 27 August to 16 September 2023.
• This is for the 1st time that IAF is participating in Ex BRIGHT STAR-23.

Objective :

• To practise planning and execution of joint operations, foster strategic relations, and encourage bonding across borders.
• The joint exercise comes just months after Egyptian President Abdel Fattah El-Sisi attended this year’s Republic Day celebrations as the chief guest in New Delhi.

Indian Participants :

• The IAF contingent will consist of five MiG-29, two IL-78, two C-130 and two C-17 aircraft.
• 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.
• The IAF transport aircraft will also provide airlift to approximately 150 personnel from the Indian Army.

Participating Nations :

• The exercise will also see participation of contingents from the United States of America (USA), Saudi Arabia, Greece and
• In the 1960s, India and Egypt collaborated closely to build aircraft and aero engines, and Indian colleagues trained Egyptian pilots as a result of their remarkable connection and close cooperation.
• The first exercise, Bright Star 81, was conducted from October to December 1980 (fiscal year 1981).

About Egypt :

• President : Abdel Fattah el-Sisi
• Prime Minister : Moustafa Madbouly
• Capital : Cairo
• Currency : Egyptian pound

About Ministry of Defence :

• Defence Minister : Rajnath Singh
• Minister of State : Ministry of Defence
• Defence Secretary : Giridhar Aramane

Defence ministry & Hindustan Shipyard Limited ink Rs 19,000 crore deal for 5 fleet support ships

• In a major boost to indigenisation, the Ministry of Defence (MoD) signed a contract with Hindustan Shipyard Limited (HSL), Visakhapatnam, Andhra Pradesh (AP) for the acquisition of 5 indigenously built Fleet Support Ships (FSS) for the Indian Navy at an overall cost of around Rs 19,000 crore.
• The acquisition of these Fleet Support Ships was endorsed by the Cabinet Committee on Security on August 16, 2023, during one of its meetings

About FSS :

• Fleet Support Ships are vessels designed to provide critical services to naval fleets while they are at sea.
• These services include replenishing ships with fuel, water, ammunition, and
• This would enable the Indian Naval Fleet to operate for prolonged periods.
• As a result, the strategic reach and mobility of the Fleet would be enhanced.
• Dimensions and Features :The vessels, with a length of 225 metres and a width of 32 metres, will have a displacement of 44,000 tonnes.
• Indigenous Construction: Notably, these FSS will be the first of their kind to be constructed within India by an Indian shipyard, marking a significant stride towards self-reliance and domestic shipbuilding capabilities.
• Promotion of ‘Aatmanirbhar Bharat’: These indigenous Fleet Support Ships stand as a testament to the ‘Aatmanirbhar Bharat’ (self-reliant India) initiative, aligning with the government’s ‘Make in India’ campaign aimed at fostering domestic production and innovation.
• Diverse Capabilities: Apart from supporting naval operations, these ships possess the capability to contribute to humanitarian missions, including evacuation efforts and Humanitarian Assistance and Disaster Relief (HADR) operations.
• In addition to the ship acquisition contract, Hindustan Shipyard Limited (HSL) also signed a contract worth 1,100 crore with Bharat Electronics Limited to provide communication and navigation equipment for the new Fleet Support Ships.

About HSL :

• Established : 21 June 1941
• Headquarters : Visakhapatnam, Andhra Pradesh, India
• Chairman & Managing Director : Hemant Khatri

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

IIT Madras develops Next-Generation Photonic Analog-to-Digital Converters to transport of radio frequency via optical methods  

• Next-Generation Photonic Analog-to-Digital Converters (NG-PADC) was developed by Indian Institute of Technology (IIT) Madras with support from the IMPRINT programme, which is equipped with a time-stretched photonic ADC.

What are ADCs ?

• Analog-to-digital converters (ADCs) are critical components for developing the next generation of advanced digital receivers.
• The limitation of electronic ADCs (EADCs) is that their vertical resolution is compromised at high bandwidths.
• There are 2 possible approaches to solve this problem through Photonics.

1. Stretching RF Signals: RF, when modulated on a spectrally rich optical pulsed source, can be stretched in the optical domain through a dispersive medium, thus converting high-frequency RF signals into effectively low-frequency signals.

• This reduces the input bandwidth requirements of the back-end ADC as many times as the stretch factor of the optical pulse.

2. Stable Optical Clocks: Photonics can utilize optical clocks generated by short-pulsed lasers.

• These optical clocks have much smaller timing fluctuations (timing jitter) compared to electronic clocks.
• High bandwidth RF signals, when sampled with stable optical clocks, can provide a much higher effective number of bits (ENOB) compared to electronic clocks.
• It has time-stretched photonic ADC with effective bandwidth 12 times higher than EADC, which enables digitisation of signals with a much larger precision.

About NG-PADC :

• A newly designed prototype in the Next-Generation Photonic Analog-to-Digital Converters (NG-PADC) project can carry out instantaneous frequency measurement, generation and transport of Radio Frequency (RF) through optical methods.
• This could revolutionise various sectors, enabling faster digital communication, improved satellite communication, better medical imaging, and Photonic radars.

CURRENT AFFAIRS: MOUS AND AGREEMENT

NITI Aayog and UNDP sign Memorandum of Understanding on fast-tracking SDGs

• NITI Aayog and UNDP India have signed a Memorandum of Understanding (MoU) to formalise a framework of cooperation on a range of areas, including SDG localisation, data-driven monitoring, Aspirational Districts and Blocks, among others.
• The MoU was signed in the presence of Shri B. V. R. Subrahmanyam CEO, NITI Aayog by Dr Yogesh Suri, Senior Adviser (SDGs), NITI Aayog, and Ms Shoko Noda, Resident Representative, UNDP India.
• The MoU was signed for a period of 5 years.
• NITI Aayog is the nodal Ministry for coordinating the adoption and monitoring of SDGs at the national and sub-national levels.
• UNDP plays the integrator role in coordinating efforts to fast-track progress on the SDGs within the UN system.

Recent News

• The 8th meeting of the NITI Aayog Governing Council was held at the New Convention Center at Pragati Maidan, New Delhi.
• According to the NITI Aayog’s annual ‘State Health Index’ (5th edition) for the Covid year of 2020-21, the 3 southern states of Kerala, Tamil Nadu and Telangana emerged as the top performers among the ‘larger states’.
• United Nations Development Programme (UNDP) and Absolute Foods, a leading bioscience company specialising in agri-tech, signed a Memorandum of Understanding (MoU) to strengthen the government of India’s flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) and enhance the resilience of the farmers.

About NITI AAYOG

• Formed: 1 January 2015
• Headquarters: New Delhi
• Chairperson: Narendra Modi

About UNDP :

• Established : 22 November 1965
• Headquarters : New York, United States
• Administrator : Achim Steiner
• The UNDP is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development.
• It was founded with the merging of the United Nations Expanded Programme of Technical Assistance (EPTA) and the Special Fund.

CURRENT AFFAIRS: SPORTS NEWS

Sri Lanka Football Federation is no longer prohibited by FIFA:

• The Sri Lanka Football Federation (FFSL) is no longer prohibited by the world’s football governing body FIFA.
• Government meddling in the federation’s activities led to the ban’s imposition in January 2023.
• The suspension of the FFSL will be lifted immediately, according to a letter dated August 28 from Fatma Samoura, the secretary general of FIFA, which stated that the decision had been made on August 27.
• For its executive committee, the FFSL has also agreed to hold new elections.
• For Sri Lankan football, the lifting of the embargo is a huge win.
• It indicates that both the FFSL’s development initiatives as well as the nation’s national team’s ability to compete internationally would be restored.
• The suspension was caused by factional fighting and political interference in the sport’s body’s administration.
• However, the different factions decided to work for the common goal of the game’s development at a meeting held 2 weeks ago, burying the differences between them.
• FIFA had significantly called for the exclusion of local football administration from the existing national sports law, which empowers the minister of sports to interfere in the process.

About FIFA   ::

• President: Gianni Infantino,
• Headquarters: Zürich, Switzerland.
• Founded: 21 May 1904

About Sri Lanka

• Capitals: Colombo, Sri Jayawardenepura Kotte
• Currency: Sri Lankan Rupee
• Prime minister: Dinesh Gunawardena

CURRENT AFFAIRS : OBITUARIES

1st Indian Poet To Win Sahitya Akademi Award For English Poetry Jayanta Mahapatra passed away  

• Renowned Odisha-born English poet & the 1st Indian poet to win a Sahitya Akademi (the 4th highest civilian honour in India) award for English poetry in 1981, passed away at the age of 95 in Cuttack, Odisha.

About Jayanta Mahapatra :

• Jayanta Mahapatra born on 22 October 1928 in Cuttack, Odisha.
• He served as an editor to ‘Chandrabhaga’, a yearly literary magazine focused on Indian Writings in English.

Notable Works :

• He is the author of poems such as “Indian Summer” and “Hunger”, which are regarded as classics in modern Indian English literature.
• Green Gardener’ and ‘Door of Paper: Essay and Memoirs’ list among the poet’s published works of prose.
• He authored 27 books on poems, of which seven are in Odia and the rest in English.

Awards & Honors :

• He was awarded a Padma Shri, the fourth highest civilian honour in India in 2009 for Literature & Education.
• He received the South Asian Association for Regional Cooperation (SAARC) Literary Award, New Delhi, 2009.
• He was also awarded the Allen Tate Poetry Prize for 2009 from The Sewanee Review.

CURRENT AFFAIRS: IMPORTANT DAYS

Small Industry Day 2023 – August 30:

• The Small Industry Day is an annual celebration observed on 30th August.
• This day is dedicated to promoting small businesses nationwide and offering job opportunities to unemployed males and females for the betterment of their life.
• The government of India had reportedly introduced an extensive policy package for the small-scale industry on August 30, 2000, to support small businesses in the country.
• Small Scale Industry (SSI) registration is used interchangeably with micro, small, and medium enterprise(MSME) registration while the MSME Development Act 2006 provides for facilitating the promotion.
• Small Industry Day is celebrated since 2017 following a resolution passed in the Assembly during the year.
• According to a UN blog, formal and informal MSMEs make up over 90 percent of all firms and account for 70% of total employment and 50% of GDP worldwide.

Daily CA One- Liner: August 30

• IDFC First Bank has secured the title rights to the home international series of the Board of Control of Cricket in India (BCCI) for a duration of 3 years.
• Yes Bank in collaboration with spend management platform Zaggle launched a co-branded Corporate Credit Card named Yes Bank Zaggle Corporate Credit Card to empower businesses to reimagine their payment processes, streamline reconciliation, and efficiently manage company expenditures.
• Union Road Transport and Highways Minister Nitin Gadkari launched the world’s first 100% Ethanol-fueled car in New Delhi.
• Union Minister of Youth Affairs and Sports, Shri Anurag Singh Thakur graced the Netaji Subhas National Institute of Sports in Patiala with his presence.
• Shri Piyush Goyal, Minister of Commerce and Industry, Textile and Consumer Affairs, Food & Public Distribution of India and Hon Damien O’Connor, Minister for Trade and Export Growth of New Zealand, had a bilateral meeting at New Delhi.
• President Droupadi Murmu released the commemorative coin on NT Rama Rao on his centenary year at Rashtrapati Bhavan Cultural Centre.
• The Government of India has launched the Khanan Prahari App in response to environment and India’s economy are seriously threatened by illegal coal mining.
• NITI Aayog and UNDP India have signed a Memorandum of Understanding (MoU) to formalise a framework of cooperation on a range of areas, including SDG localisation, data-driven monitoring, Aspirational Districts and Blocks, among others.
• The Sri Lanka Football Federation (FFSL) is no longer prohibited by the world’s football governing body FIFA.
• India in partnership with the Asian Development Bank (ADB) is set to open a climate change and health hub in New Delhi.
• Airtel Payments Bank, in collaboration with Mastercard Center and Frontier Markets, has introduced a transformative initiative named She Leads Bharat:Udyam, an initiative to elevate 100,000 women-owned small businesses.
• Sri Lanka hosted its very first Karnataka cultural festival organized by the International Cultural Council of India in collaboration with Swami Vivekananda Cultural Centre and E Global Peace Foundation.
• Zimbabwean President Emmerson Mnangagwa was re-elected for a second and final 5-year term (2023-2028).
• An Indian Air Force (IAF) contingent departed, for participating in Exercise BRIGHT STAR-23, a biennial multilateral tri-service exercise scheduled to be held at Cairo (West) Air Base, Egypt from 27 August to 16 September 2023.
• In a major boost to indigenisation, the Ministry of Defence (MoD) signed a contract with Hindustan Shipyard Limited (HSL), Visakhapatnam, Andhra Pradesh (AP) for the acquisition of 5 indigenously built Fleet Support Ships (FSS) for the Indian Navy at an overall cost of around Rs 19,000 crore.
• Next-Generation Photonic Analog-to-Digital Converters (NG-PADC) was developed by Indian Institute of Technology (IIT) Madras with support from the IMPRINT programme, which is equipped with a time-stretched photonic ADC.
• Renowned Odisha-born English poet & the 1st Indian poet to win a Sahitya Akademi (the 4th highest civilian honour in India) award for English poetry in 1981, passed away at the age of 95 in Cuttack, Odisha.
• The Small Industry Day is an annual celebration observed on 30th August.