Current Affairs Today 17th August 2023 Daily GK Update

Daily Current Affairs 17th August 2023 Daily GK Update

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National News

Ministry of Youth Affairs organize Youth 20 Summit in Varansi

  • The Ministry of Youth Affairs and Sports is organizing Youth 20 Summit-2023 from the 17th to the 20th of August in Varanasi, Uttar Pradesh.
  • More than 100 delegates from G20 countries, Guest countries, and International Organizations will discuss five identified themes of Y20.
  • These themes include Future of Work: Industry 4.0, Innovation and 21st Century Skills, Peacebuilding and Reconciliation: Ushering in an Era of No War, and Climate Change and Disaster Risk Reduction.
  • The Y20 Summit will bring together youth experts, decision-makers and youth representatives from G20 countries to negotiate, finalize and sign the Y20 Communiqué created from the conclusions of the discussions conducted during past few months.

G20 in News (Note – All Meetings are Under the Presidency of G20 by India)

  • 4th G20 Digital Economy Working Group Meetings – Bengaluru, Karnataka (16 – 19 August 2023)
  • 3rd G20 Anti-Corruption Working Group Meeting – Kolkata, West Bengal (9 – 10 August 2023)
  • Think20 Secretariat Summit – Mysuru, Karnataka (31 July – 2 August 2023)
  • G20 Empower Summit – Gandhinagar, Gujarat (1 – 2 August 2023)
  • G20 Green & Sustainable Growth Agenda for Global Economy Meeting – New Delhi (28 – 29 July 2023)

G20 Film Festival begins in New Delhi

  • The G20 Film Festival begins in New Delhi. The event will continue till 2nd September
  • Veteran actor Victor Banerjee and Amitabh Kant (India’s G20 Sherpa) have inaugurated the G20 Film Festival in New Delhi.
  • The festival aims to celebrate and showcase a vibrant and collaborative partnership existing amongst the G20 and invited countries in the field of cinema.
  • The festival is organized by the India International Centre (IIC) and the G20 Secretariat of the Ministry of External Affairs.
  • Satyajit Ray’s “Pather Panchali” will be the opening film.

CJI announces plan to expand Supreme Court

  • Chief Justice of India D.Y. Chandrachud has announced a plan to expand the Supreme Court with 27 additional courts and 51 judges’ chambers.
  • Currently, the Supreme Court has 17 courtrooms and two registrar courts. Its judicial strength is 32.
  • In his address at the 76th Independence Day celebrations at the Supreme Court lawns, Chief Justice Chandrachud said an “overhaul” of the court infrastructure was necessary on a priority basis to make courts more accessible and inclusive.
  • The top judge said the emphasis of the new project would be on modernizing the judicial infrastructure.
  • We plan to expand the Supreme Court by constructing a new building to accommodate 27 additional courts, 51 judges’ chambers, 4 Registrar Court Rooms, 16 Registrar Chambers, and other requisite facilities for lawyers and litigants. This expansion is proposed in two phases.
  • In the first stage, the court museum and annexes building would be demolished to construct a new building with 15 courtrooms, judges’ chambers, Supreme Court Bar Association (SCBA) library, offices for the SCBA and Supreme Court Advocates-on-Record Association (SCAoRA) office-bearers, canteen, women lawyers bar room and other facilities.
  • In the next phase, some of the portion of the existing court complex would be demolished for the construction of the second part of the new building to accommodate 12 courtrooms, judges’ chambers, registrar courts, and lounges for SCBA and SCAoRA.
  • The new building will reflect the constitutional aspirations, beliefs, and priorities of the Indian people, in addition to providing a space which facilitates access to justice.
  • Phase III of the e-Courts project seeks to revolutionize the working of courts in India by inter-linking of all courts across the country, setting up the infrastructure of paperless court, digitization of court records, and setting up advanced e-sewa kendras in all court complexes.

Cabinet allows governments to spend Rs 57,613cr for 10,000 new e-buses

  • The Cabinet, chaired by Prime Minister Narendra Modi, has approved the Rs 57,613 crore PM-eBus Sewa initiative to augment the use of electric buses in 169 cities.
  • The scheme will augment city bus operations, under which priority will be given to cities having no organized bus service.
  • Out of the Rs 57,613 crore outlined for the scheme, support of Rs 20,000 crore will be provided by the Centre.
  • The scheme will cover cities with 300,000 and above population, according to Census 2011.
  • These include all the capital cities of Union Territories (UTs), northeastern and hill states. The e-buses will be provided under the public-private partnership (PPP) mode for 10 years.
  • A total of 181 cities will also be supported for the development of charging infrastructure under the Green Urban Mobility Initiatives.
  • The move aims to help the Centre’s plan to deploy 50,000 e-buses under the National Electric Bus Program and achieve 40 percent e-bus penetration by 2030 and carbon neutrality by 2070.

Cabinet approves 7 projects for Indian railways

  • The Cabinet, chaired by Prime Minister Narendra Modi, has approved seven multi-tracking projects targeted at Indian railways with an outlay of Rs 32, 500 crore.
  • The projects will be built completely on Engineering, procurement, and construction (EPC) mode, and will add 2,339 kilometres to the existing network of Indian Railways.
  • The projects will receive 100 percent funding from the central government. They will cover 35 districts across Andhra Pradesh, Bihar, Gujarat, Jharkhand, Maharashtra, Odisha, Telangana, Uttar Pradesh, and West Bengal.
  • The projects will provide employment of 7.06 crore person-days to the people of the selected states.
  • The government is also planning to introduce a production-linked incentive (PLI) scheme for train component makers as part of its efforts to attract foreign manufacturing firms and reduce dependence on imports, people aware of the matter said
  • The contours of the PLI scheme will be worked out with the help of a consultancy firm, which will be selected through a bidding process this month.
  • Under the PLI programme, the government offers output-linked incentives for products that are usually imported.
  • The PLI scheme being considered for the railways is in line with the government’s plan of having only two types of passenger coaches in Indian Railways–Linke Hofmann Busch (LHB) and Vande Bharat–down from 28 at present.
  • The import component in LHB coaches, introduced in 1999, is around 1.5%, but in the Vande Bharat trains it is estimated to be about 15%.
  • This PLI programme will incentivize setting up of new manufacturing units, or expanding existing ones to supply coach and engine parts that are otherwise imported.
  • The last contract was awarded in April this year to China’s TZ (Taizhong) Hong Kong International Ltd. for 33,000 LHB wheels, among other parts. Aurangabad-based Bonatrans India, too, had won an order but this was importing black forged axles from Railteco, China, and then machining in India.
  • To cut some of this import dependence, the railways recently awarded a procurement order for 1.54 million forged wheels that are manufactured in the country.
  • The demand for Vande Bharat and LHB components is going to increase manifold in the country. There will be 4,500 VB trains running in the country by 2047.

Rajasthan CM launches free food packet scheme

  • Rajasthan Chief Minister Ashok Gehlot has launched the state government’s Annapurna Food Packet Scheme which seeks to distribute food packets to more than 10.4 million families for free every month.
  • The scheme is part of the ₹19,000 crore ‘Inflation Relief Package’, which was announced by the chief minister in February during the state budget for 2023-24 to provide relief to the public from rising prices.
  • Under the scheme, each food packet will contain one kilogram each of chana dal, sugar, salt, one litre soybean refined edible oil, 100 gm each of chilli powder and coriander powder, and 50 gm of turmeric.
  • The chief minister also urged the Centre to regularly implement the Pradhan Mantri Garib Kalyan Anna Yojana – providing 5kg free dry rations to 800 million poor every month – instead of extending it for six months each time.

About Rajasthan

  • Capital – Jaipur
  • Chief Minister – Ashok Gehlot
  • Governor – Kalraj Mishra

India’s first long-range revolver “Prabal” launched

  • India’s first long-range revolver “Prabal” has been launched.
  • The revolver is manufactured by the state-owned enterprise Advanced Weapons and Equipment India (AWEIL), based in Kanpur.
  • Distinguished by its .32 bore, the Prabal revolver boasts an impressive firing range of up to 50 meters, more than twice the reach of other revolvers in India
  • The noteworthy feature of Prabal is its side-swing cylinder, marking a significant advancement in revolver design.
  • Moreover, the prevailing market revolvers have a limited range of only up to 20 meters. In contrast, Prabal excels with a range of 50 meters. Weighing merely 700 grams (excluding cartridges), it boasts a barrel length of 76 mm and an overall length of 177.6 mm.

About AWEIL

  • AWEIL, stationed in Kanpur’s Armapur, stands as a government-owned enterprise specializing in the production of defense equipment.
  • Comprising eight former factories of the Ordnance Factory Board (OFB), the company’s primary focus lies in the manufacturing of small arms and artillery for the Indian armed forces, international militaries, and domestic civilian usage.
  • Established in 2021 as part of OFB’s restructuring and corporatization, AWEIL operates as one of the seven distinct Public Sector Undertakings (PSUs) born from this transformation.

WHO organizes first-of-its-kind global summit on Traditional Medicine

  • The Ministry of Ayush and the World Health Organization (WHO) has organized a first-of-its-kind global summit on Traditional Medicine in Gandhi Nagar, Gujarat.
  • Director-General of WHO, Dr. Tedros Adhanom Ghebreyesus has inaugurated the event in the presence of Minister of Health Mansukh Mandaviya and Minister of Ayush Sarbananda Sonowal.
  • The summit will serve as a platform for experts and practitioners to delve into the latest scientific advancements and evidence-based knowledge in the sector, with the ultimate goal of ensuring health and well-being for all.
  • In 2022, WHO with the support of the Government of India, established the Global Centre for Traditional Medicine.

Banking and Financial

NHA and IRDAI collaborate to boost digital health integration in insurance

  • The National Health Authority (NHA) and IRDAI (Insurance Regulatory and Development Authority of India) jointly organized an exclusive three-day Accelerator Workshop.
  • Objective – To help insurance companies complete their Ayushman Bharat Digital Mission (ABDM) integration and to facilitate adoption of Health Claims Exchange (HCX) specifications.
  • The workshop was organized in New Delhi and saw participation from over 150 professionals representing 29 insurance companies and 16 TPAs.
  • The IRDAI issued a circular in June 2023 advising all insurance companies to start capturing the ABHA (Ayushman Bharat Health Account) number of all of the persons seeking insurance cover and also to obtain their consent for sharing medical records with insurers/TPAs through АВНА.
  • The ABHA number would help identify the insured in a digital environment and facilitate seamless healthcare and insurance service delivery.

Recent MoU in Banking Sector

  • IIITD-IC partners with YES Bank to scale up Indian startups
  • Bajaj Finance partnered with ICICI Lombard to offer insurance plan
  • Bandhan Bank ties up with Odisha govt to strengthen Odisha Tourism Development Corporation
  • Union Bank partners with IBM to co-create Digital Business platform
  • HDFC Bank partners with Dvara KGFS for microloans

RBI to start pilot Project on PTP for frictionless credit

  • The Reserve Bank of India (RBI) will launch the pilot project for Public Tech Platform (PTP) for frictionless credit.
  • The same will be done via the Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the RBI.
  • The platform will enable the delivery of frictionless credit by facilitating a seamless flow of required digital information to lenders

How will the platform work?

  • The end-to-end digital platform will have an open architecture, open Application Programming Interfaces (APIs) and standards, to which all financial sector players will be able to connect seamlessly in a ‘plug and play’ model”.
  • During the pilot, the platform will focus on products such as Kisan Credit Card loans up to Rs 1.6 lakh per borrower, Dairy Loans, MSME loans (without collateral), personal loans and home loans through participating banks.
  • The platform will also enable linkage with services such as Aadhaar e-KYC, land records from onboarded State Governments (Madhya Pradesh, Tamil Nadu, Karnataka, Uttar Pradesh, and Maharashtra), Satellite data, PAN Validation, Transliteration, Aadhaar e-signing, account aggregation by Account Aggregators (AAs), milk pouring data from select dairy co-operatives, house/property search data etc.

About Reserve Bank of India (RBI)

  • Founded – 1 April 1935
  • RBI Nationalized – 1 January 1949
  • Headquarters – Mumbai, Maharashtra
  • RBI set up – Hilton Young Commission
  • 1st Governor – Sir Osborne Smith (Australia)
  • 1st Indian Governor – CD Deshmukh
  • 25th Governor – Shaktikanta Das

Appointment and Resignation

Alex Chriss appoints as CEO of PayPal

  • Alex Chriss has been appointed as the new CEO of PayPal.
  • He will replace its longest-serving chief executive officer Dan Schulman.
  • He currently serves as the Executive Vice President and General Manager of Intuit’s Small Business and Self-Employed Group,

Schulman became PayPal’s CEO after the split from eBay in 2015, and he notified the company of his decision to retire at the end of December last year.

Recent Appointment in Banking & Insurance Sector

  • MD & CEO of SBI Life Insurance Company- Amit Jhingran
  • Non-executive chairman of Axis Bank – NS Vishwanathan
  • MD & CEO of SBI Cards & Payment Services – Abhijit Chakravorty (replace Rama Mohan Rao Amara)
  • Chairperson of International Financial Services Centres Authority (IFSCA) – K. Rajaraman (replace Injeti Srinivas)
  • CEO of Financial Planning Standards Board (FPSB) – Krishna Mishra

Important day

17 August 2023 – Indonesia’s 78th Independence Day

  • Indonesia celebrates its Independence Day every year on August 17. this year celebrates its 78th Independence Day.
  • Indonesia officially declared independence from Dutch rule on 17 August 1945.
  • The Indonesian independence movement officially began in May 1908, commemorated as the “Day of National Awakening”.
  • The early 1910s and 1920s saw the establishment of several political parties like the Indonesian National Party (PNI), Sarekat Islam, and the Indonesian Communist Party (PKI) and movements that supported Indonesian independence like Budi Utomo
  • The theme of this year’s Independence Day is “Terus Melaju Untuk Indonesia Maju”, which stands for “Striving to Progress Indonesia”.
  • The theme embodies the spirit of collaboration and togetherness to accelerate Indonesia’s growth and maintain local wisdom.
  • Indonesia is the world’s fourth most populous country.

17 August 2023 – Malayalam New Year Chingam

  • Malayalam New Year Chingam was observed on 17th August 2023. In 2023, it’s being celebrated on August 17.
  • Chingam 1 is the first day of the new year of the traditional Malayalam calendar used in Kerala.
  • Chingam 1 is also known as Chingam Month or Chingam Masam and it’s followed by the Onam festival.
  • The Malayam Calendar is based on the solar calendar system and every year, the date of Chingam 1 varies.
  • Chingam 1 marks the beginning of the harvest season in Kerala and is considered an auspicious day.

 

Obituary

Telugu, Sanskrit scholar Kandlakunta Alaha Singaracharyulu passed away

  • Eminent writer and academician Kandlakunta Alaha Singaracharyulu passed away in Hyderabad.
  • He was known for his extensive literary works in Telugu and Sanskrit languages.
  • He wrote more than 15 books on Telugu and Sanskrit languages including translations, grammar, and speeches.
  • He was awarded the Padma Shri in 2021 for his contributions to the field of Sanskrit literature and education.

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