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Daily Current Affairs 5th September 2023 Daily GK Update
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National News
President unveiled the statue of Mahatma Gandhi and ‘Gandhi Vatika’ in New Delhi
- President Droupadi Murmu has unveiled a 12 feet high statue of the father of the nation Mahatma Gandhi and a ‘Gandhi Vatika’ at Gandhi Darshan near Rajghat in New Delhi.
- To enhance the visitor experience, a selfie point has been established within Gandhi Vatika.
- The Gandhi Vatika features multiple statues of Mahatma Gandhi depicting him in various postures. Speaking on the occasion, the President said that Mahatma Gandhi’s ideals and values have given a new direction to the whole world.
President Murmu in News
- President Murmu launches advanced frigate Vindhyagiri in banks of Hooghly River, Kolkata
- President Murmu inaugurated unique ‘Festival of Libraries 2023’ in Pragati Maidan, New Delhi.
- President Murmu inaugurates new Jharkhand High Court building.
- President Murmu presented the President’s Colour to INS Dronacharya in Kochi.
- President Murmu has inaugurated the 7th International Dharma Dhamma Conference in Bhopal.
The 2nd edition of Naval Commanders’ Conference 2023 begins in New Delhi
- The second edition of the Naval Commanders’ Conference 2023 began in New Delhi.
- The objective of the conference is to establish a structured platform for naval commanders to engage with senior government officials with a focus on taking forward various inter-ministerial initiatives aimed at ensuring a safe and secure maritime environment.
- The conference serves as the highest-level biennial event, which facilitates discussion and policy formulation among naval commanders.
- During the three-day conference, to be held in a hybrid format, the senior leadership of the Indian Navy will review major operational, material, logistics, training, and administrative activities undertaken during the last six months.
CCI approves merger of Vistara into Air India
- The Competition Commission of India (CCI) has approved the merger of Tata SIA Airlines into Air India, subject to certain conditions.
- This landmark merger also involves Singapore Airlines (SIA) and entails the acquisition of shares in the merged entity, Air India, subject to certain voluntary commitments.
- TSAL (Tata SIA Airlines Limited) is a joint venture between the Tata Group and Singapore Airlines with the former holding 51% and the latter 49%.
- As part of the merger transaction, SIA shall also invest Rs 2,059 crore in Air India. Post the consolidation, SIA shall hold 25.1% shareholding in Air India.
- The consolidation will make Air India India’s largest international carrier and second-largest domestic carrier.
About Competition Commission of India (CCI)
- CCI was set up under the Competition Act, 2002.
- It comes under the Ministry of Corporate Affairs.
- It promotes healthy market competition and prevents activities that have an adverse effect on competition in India.
- CCI also approves merger and acquisitions of companies in India so that the two merging entities do not dominate the market unfairly.
- Headquarter – New Delhi
- Chairperson – Ravneet Kaur
Banking and Financial
RBI Governor rated ‘A+’ in Global Finance Central Banker Report 2023
- Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine.
- Das has been rated ‘A+’ in the Global Finance Central Banker Report Cards 2023.
- Das is followed by Switzerland Governor Thomas J Jordan and central bank chief of Vietnam Nguyen Thi Hong.
- Das has been placed at the top of the list of three central bank governors who have been rated A+.
- Grades are based on a scale from A to F for success in inflation control, economic growth goals, currency stability, and interest rate management, according to a statement by Global Finance magazine.
- An ‘A’ represents an excellent performance down through an ‘F’ for outright failure.
- The report has been published annually by Global Finance since 1994.
Bajaj Allianz Life launches ULIP fund with dynamic asset allocation
- Bajaj Allianz Life Insurance has launched a unique fund proposition in the ULIP segment.
- Bajaj Allianz Life’s Dynamic Asset Allocation Fund offers customers the opportunity to allocate between equity and debt, dynamically.
- The asset allocation of the fund is more dynamic/active in nature. The fund is based on an in-house quantitative model with limited qualitative input from the fund manager.
- Chief Investment Officer of Bajaj Allianz Life Insurance -Sampath Reddy
Recent Facilities Launched in Banking & Insurance Sector
- Axis Bank launches ‘Infinity’ Savings Account
- SBI launches Aadhaar-based enrolment for social security schemes
- IndusInd Bank launches multi-branded credit card with Qatar Airways
- Canara Bank launches UPI Interoperable Digital Rupee mobile application
- YES BANK launched ‘iris’app to offer digital banking solutions in India
PhonePe launches Share. Market app or buying and selling stocks
- PhonePe announced its foray into stock broking business with the launch of a new mobile application called ‘Share(dot)Market’, under its subsidiary PhonePe Wealth Broking.
- According to PhonePe, the Share(dot)Market app elevates discount broking by providing market intelligence and quantitative research-based Wealth Baskets, a scalable technology platform.
- It will be available as a mobile app and a dedicated web platform, enabling retail investors to buy stocks, engage in intra-day trades, and buy curated Wealth Baskets and mutual funds.
- In 2022, PhonePe acquired two wealth tech platforms, Wealth Desk and OpenQ, valued together at $70 million. This acquisition was part of PhonePe’s ongoing expansion into financial services beyond payments.
- Share(dot)Market app will provide a wide spectrum of investment products, including stocks (intraday and delivery), mutual funds, exchange-traded funds (ETFs), and Wealth Baskets.
Recent Facilities Launched in Banking & Insurance Sector
- RBI launched UDGAM portal to track unclaimed deposits
- Canara Bank introduced Canara Jeevan Dhara savings bank account for pensioners.
- Tata AIA introduces Industry-FirstPremium payment through WhatsApp
- Airtel Payments Bank launched India’s 1st Eco-Friendly Debit Card
- AU Small Finance Bank to provide 24×7 video banking service
Appointment and Resignation
R Madhavan appointed as Chairman of FTII Pune
- R Madhavan has been named as the chairman of the Film and Television Institute of India (FTII), Pune.
- In addition to the post of Chairman, Madhavan will also serve as the Chairman of the Governing Council of FTII.
- Madhavan’s nomination follows the national recognition his film ‘Rocketry: The Nambi Effect’ received.
- ‘Rocketry: The Nambi Effect’ won the prestigious Best Feature Film award at the 69th National Film Awards.
- ‘Rocketry: The Nambi Effect’ throws light on the life of former ISRO scientist S Nambi Narayanan and his remarkable contribution to India’s space agency.
Recent Appointment
- Member of the Singapore International Mediator Panel – Former CJI NV Ramana
- Secretary of Ministry of Mines – V. L. Kantha Rao (replace Vivek Bharadwaj)
- Principal DG of Press Information Bureau (PIB) – Manish Desai (replace Rajesh Malhotra)
- Principal DG of Akashvani – Dr. Vasudha Gupta
- MD for Falabella, India – Ashutosh Dabra
- First woman CEO and chairperson of the Railway Board – Jaya Varma Sinha (replace Anil Kumar Lahoti)
Tharman Shanmugaratnam Wins Singapore Presidential Election
- Indian-origin economist Tharman Shanmugaratnam has emerged victorious in Singapore’s presidential election.
- Tharman Shanmugaratnam defeated two contenders of Chinese origin in the country’s first contested presidential polls since 2011.
- Tharman secured 70.4% of the votes, while Ng Kok Song and Tan Kin Lian received 15.7% and 13.88% respectively.
- The president-elect, Tharman, had served as Singapore’s Deputy Prime Minister from 2011 to 2019.
Newly Appointed Prime Minister & President
- President of Zimbabwe – Emmerson Mnangagwa (2nd term)
- PM of Thailand – Srettha Thavisin
- PM of Pakistan – Anwarul Haq Kakar (caretaker PM)
- PM of Greece – Kyriakos Mitsotakis (2nd term)
- PM of Finland – Petteri Orpo (replace Sanna Marin)
- President of Latvia – Edgars Rinkevics
- President of Turkey – Recep Tayyip Erdogan (re-elected)
- President of Nigeria -Bola Ahmed Tinubu
- President of Paraguay – Santiago Peña
- President of Bangladesh – Mohammed Shahabuddin Chuppu
Nasscom appoints Cognizant’s Rajesh Nambiar as Chairperson
- Chairman and Managing Director of Cognizant India, Rajesh Nambiar has been appointed as the Chairperson of the National Association of Software and Service Companies (NASSCOM).
- Nambiar takes on the new role from his previous role as Vice Chairperson succeeding Anant Maheshwari, Former President, of Microsoft India.
- Nambiar along with President Debjani Ghosh, will continue to work with the Nasscom Executive Council, industry, and the government in strengthening India’s position as a global technology hub while navigating the current volatile macro environment.
About National Association of Software and Service Companies (NASSCOM)
- Founded – 1988
- Headquarters – New Delhi
- Chairman – Rajesh Nambiar
- President – Debjani Ghosh
Recent Appointment
- First Woman to head Indian mission in Pakistan – Geetika Srivastava (replace M Suresh Kumar)
- First Woman field Director of Kaziranga NP – Dr Sonali Ghosh (replace Jatindra Sarma)
- New country chair of Shell India – Mansi Madan Tripathy (replace Nitin Prasad)
- Chairman of Smart eMobility – Manoj Kohli
- CEO of Viacom 18 for digital business – Kiran Mani
Shri Vumlunmang Vualnam takes charge as Secretary of MoCA
- Senior IAS officer Vumlunmang Vualnam assumed the charge of Secretary, Ministry of Civil Aviation (MoCA) as incumbent Rajiv Bansal retired on attainment of superannuation.
- Vualnam is an Indian Administrative Service (IAS) officer of the 1992 batch from the Manipur cadre.
- He has held many important positions in the Union Government, including Additional Secretary, Ministry of Finance, Joint Secretary, Home Affairs, Deputy Secretary, Finance and Company Affairs.
- Vualnam has also held several key positions in the Government of Manipur including, Commissioner, Health & Family Welfare, and Director, Transport. He has also served as advisor to the Executive Director in the World Bank.
Sports
Max Verstappen’s historic 10th consecutive race win at the Italian GP 2023
- Max Verstappen made history at the 2023 Italian Grand Prix, scoring his 10th consecutive Formula 1 victory and setting a remarkable new record.
- Max Verstappen achieved a remarkable feat in one season in Formula One, surpassing Sebastian Vettel’s previous record of nine consecutive wins a decade ago.
- The victory at Monza takes Verstappen’s total race wins this year to 12 and increases Red Bull’s chances of becoming the first F1 team to win every race in a season.
- 25-year-old Max Verstappen has won 47 races so far, making him fifth on the all-time list of Formula One race winners.
- Red Bull also broke the record for most consecutive F1 wins by a constructor with 15 — a record previously held by Ferrari.
- Max Verstappen (race winner), Sergio Pérez – (2nd place), Carlos Sainz – (3rd place), Charles Leclerc – (4th place)
Recent Grand Prix Winner
- Dutch Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Hungarian Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- British Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Austrian Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Canadian Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Spanish Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Monaco Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Miami Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Australian Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Bahrain Grand Prix 2023 – Red Bull’s Max Verstappen (Netherlands)
- Saudi Arabian Grand Prix 2023 – Red Bull’s Sergio Pérez (Mexico)
- Azerbaijan Grand Prix 2023 – Red Bull’s Sergio Pérez (Mexico)
Mohun Bagan SG defeats East Bengal 1-0 at Durand Cup finals
- Mohun Bagal Super Giant clinched the Durand Cup 2023 trophy beating East Bengal 1-0 at the Salt Lake Stadium in Kolkata, West Bengal.
- With this victory, Mohun Bagan SG became the first team in Durand Cup history to win 17 titles.
- With 16 titles, East Bengal are the second-most successful team in the Durand Cup.
- Earlier, Mohun Bagan had made it to the Durand cup finals in 2004, 2009 and 2019, but could not register a victory back then.
- Golden Ball Award – Nandhakumar Sekar (East Bengal)
- Golden Boot Award – David Lalhlansanga (Mohammedan Sporting)
- Golden Glove Award – Vishal Kaith (Mohun Bagan Super Giant)
Important day
Ministry of Education observes Literacy Week from 1st to 8th September
- The Government of India has decided to organize a literacy week from 1st September to 8th September 2023 to celebrate International Literacy Day to generate awareness among all the stakeholders/ beneficiaries/ citizens about the ULLAS- Nav Bharat Saaksharta Karyakram.
- The week-long literacy campaign shall enable mass participation to inculcate a sense of Kartavyabodh and Janbhagidari in each and every citizen of the nation.
- Another main objective will be to increase the number of registrations for learners and volunteers on the ULLAS mobile app.
5 September – National Teachers’ Day
- National Teachers’ Day in India is celebrated on September 5th every year.
- It is a day to honour and celebrate the contributions of teachers to the society.
- The day is also observed as a tribute to the memory of Dr. Sarvepalli Radhakrishnan, the second President of India from 1962 to 1967.
- Radhakrishnan was a scholar, philosopher, and teacher. He was also a strong advocate for education and believed that teachers played a vital role in shaping the future of the nation.
- In 1962, when his students asked him to celebrate his birthday, he requested that they instead observe September 5th as Teachers’ Day.
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