18th August 2023 Daily Current Affairs

Honours & Awards

1. Indian-American Economist Raj Chetty awarded top Harvard University prize

  • Indian-American economist Raj Chetty has been awarded Harward University’s coveted George Ledlie Prize 2023 for wielding big data to break myths about who achieves the American Dream
  • The award is given every two years to a member of the Harvard community who has made the most valuable contribution to science or in any way for the benefit of mankind.
  • He is also director of Opportunity Insights, a group of economists based at Harvard who studies inequality.

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State Affairs

2. Maharashtra scored top position in fiscal health report

  • Based on the FY23 revised budget estimates Maharashtra secured the top position as the best state in overall fiscal health in a report conducted by a foreign brokerage firm
  • Chhattisgarh, one of the poorest states in the country, is in 2nd position followed by Telangana, while the bottom 3 are Bengal, Punjab, and Kerala
  • The report, penned by Kaushik Das, chief economist at the Deutsche Bank, was conducted to survey the fiscal health of 17 major states across the country

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Summits & Conferences

3. WHO to organize first-of-its-kind global summit on Traditional Medicine

  • The Ministry of Ayush and the World Health Organization would organize a first-of-its-kind global summit on Traditional Medicine (GCTM) from the 17th of August 2023 in Gandhi Nagar.
  • The WHO GCTM is a knowledge center for traditional medicine.
  • 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.

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Important Dates

4. Malayalam New Year Chingam observed on 17th August 2023

  • Chingam 1 is the first day of the new year of the traditional Malayalam calendar used in Kerala.
  • In 2023, it’s being celebrated on August 17. 
  • 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.

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5. Eminent scientist Padma MRS Rao passes away in Bengaluru at 75

  • Manchanahalli Rangaswamy Satyanarayana Rao, popularly known as MRS Rao, an eminent Indian scientist and Padma Shri awardee, passes away. 
  • He was well known for his discipline, scientific knowledge, patience, soft-spoken nature and mentorship of PhD students.
  • He was honored with the Padma Shri award in 2010 for his contributions to the field of science and engineering.
  • He was the first scientist to initiate Chromatin Biology research in India.

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6. Government clears Rs 20000 crore deal to build five warships

  • The government has cleared a Rs 20,000 crore deal to manufacture fleet support vessels (FSVs) which are urgently required by the Indian Navy in August 2023
  • Vizag-based Hindustan Shipyard Limited will manufacture five of the 45,000-tonne warships, the largest ship of its class being built at the defense ministry-owned yard.
  • The ships are needed to support warships on long range patrol and can carry a variety of equipment, such as fuel, ammunition and food supplies.

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7. President to launch advanced frigate Vindhyagiri in Kolkata

  • President Droupadi Murmu launched the Vindhyagiri, a Project 17A Frigate of the Indian Navy at Garden Reach Shipbuilders Engineers in Kolkata in August 2023.
  • Named after a mountain range in Karnataka, Vindhyagiri is the sixth ship of the Project 17A frigates.
  • About Vindhyagiri
  • It is a technologically advanced Frigate that pays a befitting tribute to the distinguished service of its predecessor, the erstwhile INS Vindhyagiri, the Leander Class ASW Frigate.

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8. Goa govt launches ‘Gramin Mitra’ scheme to promote digital empowerment

  • Goa Chief Minister Pramod Sawant launched the flagship scheme “Gramin Mitra” in August 2023
  • Objective: To provide doorstep delivery of government services across the state and promote digital empowerment in rural areas.
  • Aims:  To empower rural communities with access to information and opportunities that can transform their lives and drive socio-economic growth.
  • The program will help us accelerate the delivery of e-governance services to rural areas across the state.

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Banking & Finance

9. Zerodha gets final nod from Sebi to launch mutual fund business

  • Nithin Kamath, CEO of India’s leading broker Zerodha, has received final approval from the regulator Sebi to launch the mutual fund product.
  • The motivation to launch the mutual fund business was two-fold — the shallow participation in Indian markets wherein lies the challenge and an opportunity and creating simple products for investors.
  • Zerodha started its journey in 2010 as a ‘Rs 20 per order broker’ and gained popularity as a no-frills, low-cost player among traders.

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National & International Appointments

10. ACC appointed Parminder Chopra as 1st woman CMD of PFC

  • The Appointments Committee of the Cabinet (ACC) appointed  Parminder Chopra as the first full-time women Chairperson and Managing Director of Power Finance Corporation (PFC) Limited. 
  • Presently, she is serving as Director (Finance) of the same Maharatna Power PSU. She has also been holding the addition charge of company’s CMD post.
  • She has more than 35 years of experience in power sector, serving in key power sector organizations like NHPC and Power Grid.

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Banking & Finance

11. ADB approves USD 40.5 mln loan for childhood development in Meghalaya

  • The Asian Development Bank  has approved a USD 40.5 million loan for integrated early childhood development and maternal mental health in  Meghalaya
  • The Meghalaya government is contributing USD 15.27 million to the project.
  • Aims: To improve access to nurturing care, including a component of maternal mental health care to enable the inclusion of fathers in caregiving.
  • Objective: To strengthen home-based childcare and center-based childcare  through daycare centers

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12. Indian wrestler Mohit Kumar becomes Under 20 World Champion 2023

  • Indian wrestler Mohit Kumar has become the Under 20 World Championship 2023 in the men’s 61 Kg Freestyle category by defeating Russia’s Eldar Akhmadudinovin in Jordan
  • He is the fourth male wrestler from India to earn a gold medal in the U20 World Championships, following Palwinder Cheema in 2001, Ramesh Kumar in 2001.
  • Jaideep won the bronze in the 74kg category
  • Sagar Jaglan won the silver medal 79 kg category while Deepak Chahal won the bronze medal in 97 kg category.

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Banking & Finance

13. Canara Bank has introduced Canara Jeevan Dhara savings bank account

  • Canara Bank has introduced Jeevan Dhara, a special savings bank account for pensioners, and prospective pensioners.
  • The primary benefit of this account for senior citizens is that it is a zero-balance savings account.
  • With this savings account, senior citizens do not have to maintain a minimum balance and there are no maintenance charges.
  • The interest rate per annum is 4% for deposits for senior citizens holding the Canara Jeevan Dhara Savings account.

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17th August 2023 Daily Current Affairs

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