Daily Current Affairs August 10 2023 | Latest News

 

CURRENT AFFAIRS : BANKING & FINANCE

Bajaj Finance partnered with ICICI Lombard General Insurance to offer motor insurance policies

  • Indian non-banking financial services company, Bajaj 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 features and benefits :

  • Offers Comprehensive coverage: Get complete coverage for the insured vehicle as well as for the third party.
  • Offers own damage cover: These policies cover damages caused to the insured vehicle by accidents, thefts, natural calamities and fire.
  • Offers third-party cover: Get financial coverage for third-party liabilities.
  • Offers personal accident cover: This cover provides financial support in case of an accident resulting in injuries or death of the owner/driver & get a personal accident cover up to INR 15 lakh.
  • No Claim Bonus (NCB): Offers NCB for not making any claims in the previous policy year.
  • The policyholder can benefit from the NCB by getting a discount on the renewal premium based on the bonus accumulated.

About BFL :

  • Headquarters : Pune, Maharashtra, India
  • Chairman & Managing Director : Sanjiv Bajaj

About ICICI Lombard General Insurance :

  • Headquarters : Mumbai, Maharashtra, India
  • MD : Bhargav Dasgupta

UPI transactions grow 44% to ₹15-lakh crore in July

  • Unified Payments Interface (UPI) transactions in July 2023 have grown 44% to ₹15.34-lakh crore.
  • UPI transactions in July 2023 reached a record high level both in terms of volume and value.
  • It has grown 4% month over month (m-o-m) and 44% year on year (y-o-y).

Key Highlights :

  • The number of transactions in July 2023 reached a record high level of 996 crore.
  • The number was higher by 6.6% from the previous month and 58% compared to July 2022, according to National Payments Corporation of India (NPCI) data.
  • The number of monthly transactions reached beyond the 900-crore in May 2023.
  • The growth in the volume of UPI transactions has been above 50% y-o-y.
  • According to the RBI’s annual report for 2022-23, UPI-led retail digital payments have shown a growth at a CAGR of 50% in volume and 27% in value between FY17 and FY22.
  • As per a report by PwC India, UPI transactions are likely to breach 100 crore transactions per day by FY27.

About UPI :

  • Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application.
  • It is developed by the National Payments Corporation of India (NPCI).
  • It was introduced in April 2016.

Star Health inks ‘strategic corporate alliance’ with Standard Chartered Bank to offer its insurance products

  • Private sector health insurance provider Star Health and Allied Insurance Company Ltd has signed a “strategic corporate bancassurance” with Standard Chartered Bank to provide its insurance products to customers.
  • The partnership is to provide health insurance solutions across 100 branches of the private bank present in 42 cities across the country.
  • Customers now require comprehensive policies that cater to their medical requirements, encompassing benefits such as OPD Care, Hospi Cash, and Critical Illness covers.
  • According to the Standard Chartered’s Wealth Expectancy Report for 2022 revealing that over 54% of respondents in India have prioritised health and wellness post the pandemic.”

What is bancassurance?

  • Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank’s customers.
  • This partnership arrangement can be profitable for both companies.

About Star Health and Allied Insurance Co Ltd :

  • Established : 2006
  • Headquarters : Chennai, Tamil Nadu, India
  • MD & CEO : Anand Roy

About Standard Chartered Bank India :

  • Established : 18 November 1969
  • Headquarters : Mumbai, Maharashtra, India
  • CEO : Zarin Daruwala

RBI fines ONGC Videsh, Indian Oil, GAIL and Oil India for late reporting of overseas investments

  • The Reserve Bank of India (RBI) has imposed late submission fees (LSF) of ₹2,000 crore on ONGC Videsh Ltd (OVL), Indian Oil Corp. Ltd, GAIL (India) Ltd, and Oil India Ltd for delayed reporting of their overseas investments.
  • RBI has imposed a late submission fee of ₹500 crore each on them for delayed reporting of their overseas investments.
  • State Bank of India (SBI) is the authorised dealer bank for the foreign transactions of these PSUs.
  • The PSUs are trying to get time from the RBI to avoid any disruption in operations and for the smooth functioning of their overseas subsidiaries.
  • According to RBI’s Foreign Exchange Management (Overseas Investment) Regulations, 2022, those failing to submit investment evidence within the stipulated time frame can do so with late submission fees.

About RBI :

  • Established : 1 April 1935
  • Headquarters : Mumbai, Maharashtra, India
  • Governor : Shaktikanta Das
  • Deputy governors : Mahesh Kumar Jain,M. Rajeshwar Rao, Michael Patra and T. Rabi Shankar

CURRENT AFFAIRS: NATIONAL NEWS

President of India inaugurates conference on ‘Aspiring for supermind in the city of evolving consciousness’ at Auroville

  • The President of India, Smt Droupadi Murmu inaugurated a conference on ‘Aspiring for Supermind in the City of Evolving Consciousness’ at Auroville.
  • Earlier, she also visited the Matrimandir and a city exhibition at Auroville.
  • Sri Aurobindo believed that Supermind can enable human beings to transform into divine beings. He gave the philosophy that supra-mental consciousness has the power to make this material world divine.
  • The President said that the idea of a Cosmic Being as propounded by Maharishi Aurobindo has a great relevance to the issues the world is facing.
  • It is by understanding and adopting the concept of cosmic consciousness that many issues the world faces today can be resolved with harmony.
  • The concepts of the Supreme Being and the cosmic mind lead to the realization of the ultimate purpose of life.
  • These ideals can help in making the world a harmonious and peaceful place to live in.

TRAI releases recommendations on ‘Introduction of Digital Connectivity Infrastructure Provider Authorization under Unified License (UL)’

  • Telecom Regulatory Authority of India (TRAI) has issued its recommendations on ‘Introduction of Digital Connectivity Infrastructure Provider Authorization under Unified License (UL)’.
  • National Digital Communications Policy (NDCP-2018) emphasizes digital infrastructure stating that “Digital infrastructure and services are increasingly emerging as key enablers and critical determinants of a country’s growth and well-being”.
  • Digital Connectivity Infrastructure (DCI) is essential for the growth of the global data economy.
  • A robust DCI contributes significantly to economic development both by increasing productivity and by providing amenities that enhance the quality of life.
  • DCI plays a vital and leading role in the successful implementation of various Government schemes under Digital India, Make in India, Ayushman Bharat Digital Mission (ABDM), and the development of Smart Cities.
  • DCI’s growth drivers include the commercialization of 5G, increasing demand for internet and cloud infrastructure, and the proliferation of IoT sensors and devices as well as private LTE networks, among others.

3rd G20 Anti-Corruption Working Group Meeting and G20 Anti-Corruption Ministerial Meeting will be held in Kolkata

  • The third and final meeting of the G20 Anti-Corruption Working Group (ACWG) under India’s Presidency will be held from 9 to 11 August 2023 in Kolkata.
  • Over 154 delegates from G20 Members, 10 invitee countries, and various international organizations will be attending the meeting.
  • It will be followed by the G20 Anti-Corruption Ministerial Meeting on 12th August 2023, which will be chaired by Dr Jitendra Singh, Minister of State (Independent Charge) for the Ministry of Science and Technology, Minister of State for the Prime Minister’s Office, the Ministry of Personnel, Public Grievances and Pensions, the Department of Atomic Energy and the Department of Space of Government of India.
  • This will be the second-ever Ministerial meeting of G20 ACWG and the first in-person ACWG Ministerial meeting.
  • The deliberations at the level of Ministers will impart a further political impetus to combatting corruption as ACWG plays a crucial role in leading international efforts to combat corruption.
  • Under India’s G20 presidency, ACWG has been able to achieve significant progress on anti-corruption cooperation regarding action against fugitive economic offenders and return of assets, guided by the Nine Point Agenda for Action Against Fugitive Economic Offences and Asset Recovery, presented by Honourable Prime Minister Shri Narendra Modi to G20 nations in 2018.

Centre for Trade and Investment Law at IIFT, celebrates its 6th Anniversary

  • The Centre for Trade and Investment Law (CTIL), established by the Ministry of Commerce and Industry at the Indian Institute of Foreign Trade (IIFT), New Delhi celebrated its 6th anniversary and released the Sixth Anniversary issue of CTIL Magazine in New Delhi.
  • The event was graced by Attorney General of India, Shri R. Venkataramani; Secretary, Department of Commerce, Shri Sunil Barthwal; Additional Secretary, Department of Commerce, Shri Peeyush Kumar and Vice-Chancellor, IIFT, Prof. Satinder Bhatia.
  • The event marked six years of the foundation of CTIL.

About CTIL

  • CTIL was established by the Department of Commerce, for enhancing capacity on legal issues about international trade and investment law.
  • CTIL serves as a repository of information on trade and investment law and has emerged as a thought leader in engaging in and influencing the evolving discourse on global economic law issues.

21-day nationwide Meri Mati Mera Desh campaign to honour martyred brave hearts launch

  • The nationwide Meri Mati Mera Desh Campaign will be launched to pay tribute to the Bravehearts who laid down their lives for the country.
  • The campaign will continue till the 30th of August.
  • It will include programmes at national, state, village and block levels as well as local urban bodies.
  • The campaign will feature programmes like the establishment of memorial plaques or Shilaphalakams dedicated to freedom fighters and security forces, as well as initiatives like Panch Pran Pledge, Vasudha Vandan, Veeron ka Vandan which venerates the gallant sacrifices of Bravehearts.
  • Under the campaign an ‘Amrit Kalash Yatra’ will also be conducted, carrying soil from all corners of the country in 7,500 Kalash to create an ‘Amrit Vatika’ in Delhi.
  • This ‘Amrit Vatika’ will symbolize the commitment to ‘Ek Bharat Shreshtha Bharat.
  • The campaign is the concluding event of the Azadi ka Amrit Mahotsav which began on 12th March 2021 and has witnessed widespread public participation, with over two lakh programs organized across India.

Parliamentary Standing Committee recommends mandatory declaration of assets by Supreme Court and High Court judges

  • A Parliamentary Committee has recommended bringing legislation to make it mandatory for Supreme Court and High Court judges to declare their property returns on an annual basis.
  • The Department-related Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice, in its report ‘Judicial Processes And Their Reforms’, said that as a general practice, all constitutional functionaries and government servants must file annual returns of their assets and liabilities.
  • The Committee recommended that the Union government bring about appropriate legislation to make it mandatory for judges of the Supreme Court and High Courts to furnish their property returns on an annual basis to the appropriate authority.
  • It said that the declaration of assets by the judges of the higher judiciary will only bring more trust and credibility into the system.

Dr P.K. Mishra chaires 7th meeting of the Coordination Committee on India’s G20 Presidency in New Delhi

  • Principal Secretary to the Prime Minister, Dr P.K. Mishra chaired the seventh meeting of the Coordi Nation Committee on India’s G20 Presidency at Bharat Mandapam in Pragati Maidan, New Delhi.
  • The meeting covered the Summit preparedness in substantive as well as logistical aspects.
  • Progress and outcomes on both Sherpa and Finance tracks were reviewed.
  • A discussion was held on the Indian Presidency’s priorities including Green Development, accelerating Sustainable Development Goals (SDGs), strong sustainable balanced, inclusive growth, digital public infrastructure, gender equality and reform of multilateral institutions.
  • The Sherpa, Amitabh Kant informed that so far, a total of 185 meetings including 13 at the Ministerial level have been concluded covering almost all States and Union Territories in the country.
  • Besides, 12 outcome documents, 12 other deliverables with consensus have been adopted.
  • Secretary, Information and Broadcasting, Apurva Chandra briefed about the arrangements for media, like setting up of media centre and media accreditation. So far, more than 3,200 media personnel have registered for the Summit.

CURRENT AFFAIRS: INTERNATIONAL NEWS

France sets a target of facilitating the entry of 30 thousand Indian students by 2030:

  • In a major push to Indian students and alumni, France has announced new initiatives to bolster academic excellence, cultural understanding, and long-lasting friendship between the two nations.
  • This comes as Prime Minister Narendra Modi recently visited France as Chief Guest on the country’s Bastille Day.
  • An official release from the French Embassy said President Emmanuel Macron announced France’s goal to welcome 30,000 students from India by 2030.
  • It further said, Indian students with a French Master’s degree also have the opportunity to work and explore professional alternatives in France during their two-year post-study work visa.

CURRENT AFFAIRS: STATE NEWS

Jharkhand Chief Minister Hemant Soren summoned by Enforcement Directorate in connection with land scam case

  • The Enforcement Directorate (ED) has summoned the Chief Minister of Jharkhand Hemant Soren in the alleged land scam case.
  • The central probe agency has asked the Chief Minister to appear before its Ranchi office on 14th August.
  • Earlier, the ED had summoned the Chief Minister in November 2022.
  • The agency questioned Mr Soren for more than 10 long hours in connection with the illegal mining case on November 18, 2022.
  • Meanwhile, suspended IAS officer and former Deputy Commissioner of Ranchi, Chhavi Ranjan, including many businessmen have been arrested and sent to jail by ED in this case.

Director General, BSF, Nitin Agrawal visits International Border in Samba, Jammu

  • Director General, of Border Security Forces (BSF), Nitin Agrawal visited the International Border in the Samba district of Jammu division.
  • He was briefed about the alertness of the troops to thwart drone and smuggling activities from Pakistan.
  • Akashvani Jammu Correspondent reports, Mr Agrawal arrived at the Jammu frontier headquarters of the BSF on a three-day visit to review the security scenario along the International Border in the Union Territory.
  • The BSF chief was given a detailed presentation covering all critical aspects of border security and domination along the International Border and the Line of Control (LoC) by the Inspector General, BSF Jammu Frontier.

Haryana Government extends temporary suspension of mobile Internet services in Nuh district:

  • The Haryana Government has extended the temporary suspension of mobile Internet services in Nuh district till 11th August.
  • An official spokesperson said the measure has been taken to stop the spread of disinformation and rumours through various social media platforms, such as Whatsapp, Facebook, Twitter, etc. on mobile phones and SMS.
  • All telecom service providers of Haryana have been directed to ensure the compliance of this order and any person found guilty of the violation of the aforesaid order will be liable for legal action under relevant provisions

The Haryana government planning to build a dam for 6,134 crore rupees

  • The Haryana government is planning to build a dam for 6,134 crore rupees.
  • It will have a 14-km-long reservoir and will be built 4.5 km upstream from the Hathnikund Barrage in Yamunanagar district.
  • Once the project is completed, the state will have greater availability of irrigation water, groundwater recharge, and aquaculture, apart from the generation of 250 MW of electricity.
  • Its reservoir will have a capacity of 10.82 lakh cusecs.
  • This is likely to prevent floods caused by the Yamuna in Delhi and adjoining areas of the river in Haryana.
  • The dam area also shares borders with Uttarakhand and Uttar Pradesh.
  • Last month the Chief Minister informed that the proposal to construct a dam behind the Hathnikund Barrage is being taken up with the Himachal government.
  • He said that it will help to check the floods caused by excessive rains.

CURRENT AFFAIRS: APPOINTMENTS AND RESIGNATION

Commander (Eastern Seaboard) S Paramesh appointed as Additional Director General Coast Guard

  • Commander (Eastern Seaboard) S Paramesh has been appointed as Additional Director General Coast Guard at Indian Coast Guard Headquarters, New Delh
  • The Flag Officer was at the helm of the Coast Guard Region (East), Coast Guard Region (West), and Coast Guard Commander (Eastern Seaboard) before assuming Additional Director General Coast Guard.
  • The Flag Officer is an alumnus of the National Defence College, New Delhi, and Defence Services Staff College, Wellington.
  • The Flag Officer is specialised in Navigation & Direction and his sea commands include all major vessels of ICG which include Advanced Offshore Patrol Vessel Samar and Offshore Patrol Vessel Vishwast.
  • His key staff assignments include Dy Director General (Operations & Coastal Security), Principal Director (Operations) at the Coast Guard Headquarters, New Delhi, and Chief Staff Officer (Operations) at the Coast Guard Regional Headquarters (East), Chennai.
  • He is a recipient of the President’s Tatrakshak Medal for Distinguished Service, Tatrakshak Medal and was also awarded the Director General Coast Guard Commendation in 2012 and FOCINC (East) Commendation in 2009.

General Manoj Pande, Chief Of The Army Staff, Left For The United Kingdom, To Review the 201st Sovereign’s Parade At Sandhurst Academy

  • General Manoj Pande, Chief of the Army Staff left for the United Kingdom, to review the 201st Sovereign’s Parade of Commissioning Course 223 at the prestigious Royal Military Academy, Sandhurst as the Sovereign’s Representative.
  • The Sovereign’s Parade at Royal Military Academy Sandhurst is a reputed event, known for its illustrious history and the passing out of officer cadets from across the globe.
  • General Manoj Pande is the first Chief of the Army Staff from India to be the Sovereign’s Representative for the parade.
  • During his visit, the General will also be visiting the Indian Army Memorial Room which occupies a place of pride in the Royal Military Academy.
  • During his visit to the UK, General Manoj Pande will interact with General Sir Patrick Sanders, Chief of General Staff of the British Army and General Gwyn Jenkins, Vice Chief of Defence Staff of the UK Armed Forces.

Justice Subhasis Talapatra takes oath as 33rd Chief Justice of Orissa High Court

  • Justice Subhasis Talapatra took oath as the 33rd Chief Justice of the Orissa High Court.
  • Odisha Governor Prof Ganeshi Lal administered him the oath.
  • Justice Talapatra, who was working as a judge in the Orissa High Court, succeeded Justice Dr S Muralidhar following his superannuation.
  • The name of Justice Talapatra, as the Chief Justice, was recommended by the Supreme Court Collegium last month which was later approved by the Central Government.

CURRENT AFFAIRS: SCIENCE AND TECHNOLOGY

Russia announced a plan to launch a lunar lander this week after several delays, hoping to return to Moon for the first time in over 50 years

  • Russia has announced that it planned to launch a lunar lander this week after several delays, hoping to return to the Moon for the first time in over 50 years.
  • Russia’s space agency Roscosmos said, the Luna-25 lander would be launched in the early hours.
  • The launch is the first mission of Moscow’s new lunar programme, and it comes as President Vladimir Putin seeks to boost space collaboration with China after relations with the West deteriorated following the start of Moscow’s attack in Ukraine last year.

India develop the manned scientific submersible MATSYA6000

  • India has developed a manned scientific submersible MATSYA6000.
  • It can carry three humans for a period of 12 hours up to a depth of 60,000 meters in the ocean for deep sea mining and manned submersible.
  • Union Minister of Earth Sciences Kiren Rijiju said that an integrated mining machine has been developed for exploratory mining of poly-metallic nodules from the sea bed and a demonstration of locomotion trial was conducted at Central India Ocean.
  • He further added that under the Deep Ocean Mission, significant progress has been made in the development of the technology for deep-sea mining.

CURRENT AFFAIRS: ACQUISITION AND MERGERS

CCI approves the proposed combination involving the acquisition of 90% of the shareholding and voting rights of HDFC Credila Financial Services Limited by Kopvoorn B.V., Moss Investments Limited, Infinity Partners and Defati Investments Holding B.V.

  • The Competition Commission of India (CCI) approves the proposed combination involving the acquisition of 90% of the shareholding and voting rights of HDFC Credila Financial Services Limited by Kopvoorn B.V., Moss Investments Limited, Infinity Partners and Defati Investments Holding B.V.
  • The proposed combination pertains to the acquisition by the Acquirers, collectively, of equity shares comprising approx. 90% of the shareholding and voting rights of HDFC Credila by way of purchase by each Acquirer of equity shares from HDFC Limited as well as a subscription by each Acquirer to equity shares of HDFC Credila (Proposed Combination)

About Kopvoorn B.V

  • Kopvoorn B.V. (BPEA EQT Acquirer) is a private limited liability company incorporated under the laws of the Netherlands.
  • It is ultimately owned by entities forming the investment fund BPEA Private Equity Fund VIII (BPEA Fund VIII), which is an EQT investment fund and is controlled, managed and advised by entities affiliated with EQT AB. The BPEA EQT Acquirer is accordingly part of the EQT group of investment funds, which together with its subsidiaries and funds is a global investment organisation.

About Moss Investments Limited, Infinity Partners and Defati Investments Holding B.V.

  • Each of Moss Investments Limited (Moss), Infinity Partners (Infinity) and Defati Investments Holding B.V. (Defati) (Moss, Infinity and Defati collectively being the ChrysCapital Acquirers) are private equity investors which make investments in the ordinary course.
  • The BPEA EQT Acquirer and the ChrysCapital Acquirers are individually referred to as Acquirers and collectively as Acquirers.

About HDFC Credila Financial Services Limited

  • HDFC Credila Financial Services Limited (HDFC Credila) is a public limited company incorporated under the Companies Act, of 1956.
  • HDFC Credila is a systemically important non-deposit-taking non-banking financial company registered with the Reserve Bank of India.
  • It is primarily engaged in the business of providing retail education loans to Indians who wish to pursue higher education both in India and overseas.

CCI approves merger of Tata Cleantech Capital Limited (TCCL) and Tata Capital Financial Services Limited (TCFSL) into Tata Capital Limited (TCL)

  • The Competition Commission of India (CCI) CCI approves the merger of Tata Cleantech Capital Limited (TCCL) and Tata Capital Financial Services Limited (TCFSL) into Tata Capital Limited (TCL).
  • The proposed combination is a merger of TCFSL and TCCL into TCL.
  • TCL is registered with the Reserve Bank of India (RBI) as a Systematically Important Non-Deposit Accepting Core Investment Company (CIC) and primarily holds investments in its subsidiaries, which are engaged in lending and offering a wide array of services and products in the financial services sector, including advising and/or management of private equity funds, as are permitted under the directions and guidelines issued by the RBI for CICs from time to time.

About TCFSL

  • TCFSL is a wholly-owned subsidiary of TCL and is registered with the RBI as a Systemically Important Non-Deposit Accepting Non-Banking Financial Company and is mainly engaged in lending services and offering services and products in the financial services sector.

About TCL

  • TCCL is a subsidiary of TCL and is registered with the RBI as a Systemically Important Non-Deposit Accepting Non-Banking Financial Company. TCCL engages in the business of providing cash flow-based finance and advisory services for projects in renewable energy, energy efficiency, waste management, water management and other infrastructure projects.

CURRENT AFFAIRS: OBITUARIES

Filmmaker Siddique passed away in Kochi

  • Prominent filmmaker Siddique passed away at a private hospital in Kochi.
  • He was 63.

About Siddique

  • Siddique’s journey in the world of Malayalam cinema began with his directorial debut, “Ramji Rao Speaking” along with his friend Lal.
  • The duo created some of the Malayalam film industry’s biggest comedy blockbusters, including “In Harihar Nagar,” “Godfather,” “Vietnam Colony,” “Ramji Rao Speaking,” and “Friends,” among others. He also directed films in Tamil, Telugu, and Hindi.
  • Siddique carved a niche for himself in the hearts of film lovers with his innovative storytelling and versatile filmmaking style.
  • He wove intricate narratives around relatable characters, skillfully blending humour and emotions.

CURRENT AFFAIRS: IMPORTANT DAYS

World Biofuel Day 2023: August 10

  • Every year World Biofuel Day is observed on the 10th of August.
  • World Biofuel Day 2023 is celebrated to raise awareness about the importance of biofuels and features the efforts made by the Government in the biofuel sector.
  • World Biofuel Day 2023 is observed to honour Sir Rudolf Diesel for his research experiments.
  • In the year 1983, he successfully ran a diesel engine with the help of peanut oil by predicting that vegetable oil would replace fossil fuels in the next century to fuel various mechanical engines.
  • Biofuel was an innovative discovery as it created a renewable energy source and sustainable alternative to fossil fuels.
  • Since 2015, India has celebrated World Biofuel Day through the Ministry of Petroleum and Natural Gas (MoP&NG) and the Ministry of Environment, Forest and Climate Change (MoEFCC).

Daily CA One-Liner: August 10

  • Indian non-banking financial services company, Bajaj 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.
  • Unified Payments Interface (UPI) transactions in July 2023 have grown 44% to ₹15.34-lakh crore.
  • Private sector health insurance provider Star Health and Allied Insurance Company Ltd has signed a “strategic corporate bancassurance” with Standard Chartered Bank to provide its insurance products to customers.
  • The Reserve Bank of India (RBI) has imposed late submission fees (LSF) of ₹2,000 crores on ONGC Videsh Ltd (OVL), Indian Oil Corp. Ltd, GAIL (India) Ltd, and Oil India Ltd for delayed reporting of their overseas investments.
  • The President of India, Smt Droupadi Murmu inaugurated a conference on ‘Aspiring for Supermind in the City of Evolving Consciousness’ at Auroville.
  • Telecom Regulatory Authority of India (TRAI) has issued its recommendations on ‘Introduction of Digital Connectivity Infrastructure Provider Authorization under Unified License (UL)’.
  • The third and final meeting of the G20 Anti-Corruption Working Group (ACWG) under India’s Presidency will be held from 9 to 11 August 2023 in Kolkata.
  • The Centre for Trade and Investment Law (CTIL), established by the Ministry of Commerce and Industry at the Indian Institute of Foreign Trade (IIFT), New Delhi celebrated its 6th anniversary and released the Sixth Anniversary issue of CTIL Magazine in New Delhi.
  • The nationwide Meri Mati Mera Desh Campaign will be launched to pay tribute to the Bravehearts who laid down their lives for the country.
  • A Parliamentary Committee has recommended bringing legislation to make it mandatory for Supreme Court and High Court judges to declare their property returns on an annual basis.
  • Principal Secretary to the Prime Minister, Dr P.K. Mishra chaired the seventh meeting of the Coordi Nation Committee on India’s G20 Presidency at Bharat Mandapam in Pragati Maidan, New Delhi.
  • In a major push to Indian students and alumni, France has announced new initiatives to bolster academic excellence, cultural understanding, and long-lasting friendship between the two nations.
  • The Enforcement Directorate (ED) has summoned the Chief Minister of Jharkhand Hemant Soren in the alleged land scam case.
  • Director General, of Border Security Forces (BSF), Nitin Agrawal visited the International Border in the Samba district of Jammu division.
  • The Haryana Government has extended the temporary suspension of mobile Internet services in Nuh district till 11th
  • The Haryana government is planning to build a dam for 6,134 crore rupees.
  • Commander (Eastern Seaboard) S Paramesh has been appointed as Additional Director General Coast Guard at Indian Coast Guard Headquarters, New Delhi.
  • General Manoj Pande, Chief of the Army Staff left for the United Kingdom, to review the 201st Sovereign’s Parade of Commissioning Course 223 at the prestigious Royal Military Academy, Sandhurst as the Sovereign’s Representative.
  • Justice Subhasis Talapatra took oath as the 33rd Chief Justice of the Orissa High Court.
  • Russia has announced that it planned to launch a lunar lander this week after several delays, hoping to return to the Moon for the first time in over 50 years.
  • India has developed a manned scientific submersible MATSYA6000.
  • The Competition Commission of India (CCI) approves the proposed combination involving the acquisition of 90% of the shareholding and voting rights of HDFC Credila Financial Services Limited by Kopvoorn B.V., Moss Investments Limited, Infinity Partners and Defati Investments Holding B.V.
  • The Competition Commission of India (CCI) CCI approves the merger of Tata Cleantech Capital Limited (TCCL) and Tata Capital Financial Services Limited (TCFSL) into Tata Capital Limited.
  • Prominent filmmaker Siddique passed away at a private hospital in Kochi.
  • Every year World Biofuel Day is observed on the 10th of August.
Labels:Education

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)