Jun 22, 2024

20th September 2023 Daily Current Affairs

National & International Appointments

1. Sashidhar Jagdishan appointed as HDFC Bank MD and CEO

  • The Reserve Bank of India (RBI) has approved the re-appointment of Sashidhar Jagdishan as the Managing Director and Chief Executive Officer of HDFC Bank.
  • He joined the Bank in 1996 as a Manager in the Finance function.
  • He became Business Head of finance in 1999 and was appointed as CFO in 2008.
  • He played a critical role in supporting the growth trajectory of the Bank, and led the finance function with a pivotal role in achieving the strategic objectives

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National Affairs

2. India Ranked 52nd in Digital Quality of Life Index

  • India has been ranked 52nd out of 121 countries in the Digital Quality of Life Index Survey 2023.
  • The annual survey by the Netherlands-based firm has ranked 121 countries on five factors: internet quality, internet affordability, e-infrastructure, e-government, and e-security.
  • In AsiaIndia takes 13th place, with Singapore the leader in the region.
  • The top 3 Countries in the Digital Quality of Life Index survey are Denmark, South Korea, and Finland

Read Full News >> National Affairs

3. Centre launches three game-changing initiatives for farmers

  • Centre launched a series of transformative initiatives, aimed at revolutionizing agriculture in the country.
  • It include Kisan Rin Portal, Door to Door KCC Campaign, and Weather Information Network Data Systems (WINDS) Manual.
  • Aim: To amplify financial inclusion, streamline data utilization, harness technology, and enhance the livelihoods of the farmer.
  • Objective: To help in furthering the goal of agricultural transformation and sustainable economic growth for farmer.

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 Banking & Finance

4. ACKO launches campaign ‘Health Insurance ki Subah ho Gayi Mamu’

  • ACKO has unveiled its latest health insurance offering called the ACKO Platinum Health Plan titled “Health Insurance ki Subah ho Gayi Mamu”
  • As per the company, the plan has features including 100% bill payment, no room rent capping, and zero waiting period, among others.
  • Aim: To focus on simplifying health insurance and removing all the pain points that customers have to face.

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5. Indonesia Kicks Off ASEAN Joint Military Drills

  • ASEAN began their first-ever joint military drills in Indonesia amid rising geopolitical tensions between major powers and protests against China’s activities in the South China Sea.
  • Aim: To develop military skills, including maritime security and patrols, and the distribution of humanitarian assistance and disaster relief.
  • All 10 members of the Association of Southeast Asian Nations (ASEAN) will join the exercise, including prospective member East Timor.

Read Full News >> Defense

6. DRDO develops P7 Heavy Drop System for Indian Army Special Forces

  • DRDO has developed the P7 Heavy Drop System which is capable of para-dropping military stores up to 7-ton weight class from IL 76 aircraft.
  • This system is fully indigenous and being manufactured by L&T which makes the platform system, and parachutes manufactured by Ordnance Factory.
  • The system would be a force multiplier for armed forces while enabling the rapid delivery of combat stores in far-flung inaccessible areas.

Read Full News >> Defense

7. Defence ministry clears proposal to buy ‘Pralay’ ballistic missiles

  • The Indian Army is set to acquire a regiment of Pralay tactical ballistic missiles for the first time, as part of a broader strategy to develop a strategic rocket force.
  • The Pralay missiles, propelled by a solid-propellant rocket motor and other novel technologies, are expected to provide a substantial boost to the Indian Army’s offensive capabilities.
  • It can hit targets between 150-500 Km and missiles developed by the Defence Research and Development Organisation.

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8. Nischal wins silver with new national record at Shooting World Cup in Rio

  • Nischal won the women’s 50-metre rifle 3-position silver medal in the World Cup 2023 in Brazil.
  • She finished behind Norway’s Jeanette Hegg Duestad, who won gold.
  • It was the second medal for India, following the gold by Elavenil Valarivan in women’s air rifle.
  • India finished joint fifth with Germany and France with a gold and silver.
  • Italy was on top with two gold and a bronze.
  • China was second with a gold, four silver and three bronze.

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 Banking & Finance

9. OECD raises India’s growth forecast for FY24 to 6.3 per cent

  • The Organisation for Economic Cooperation and Development ( OCED) has raised India’s gross domestic product (GDP)  growth projection for Financial Year 23 -2024 to 6.3 per cent.
  • The global economy, however, is expected to grow at a rate of 3 per cent in 2023, before slowing down to 2.7 per cent in 2024.
  • India, which is listed among the G20 emerging-market economies, has experienced mostly positive growth surprises.

Read Full News >> Defense

10. ICGS Samudra Prahari’s ASEAN Deployment for Marine Pollution Response

  • The Indian Coast Guard Ship Samudra Prahari, a specialized Pollution Control Vessel, is currently on an overseas deployment to ASEAN countries from 11 Sep to 14 Oct 2023.
  • This deployment is part of India’s ASEAN initiatives for Marine Pollution Response, showcasing the Pollution Response capabilities of the ICG.
  • Aim: To demonstrate the ICG’s pollution response capabilities and its dedication to collaborative efforts for marine pollution response.

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Banking & Finance

11. Ujjivan Small Finance Bank Introduces Maxima Savings Account

  • Ujjivan Small Finance Bank (Ujjivan SFB) announced the introduction of the Maxima Savings Account and Business Maxima Current Account for the premium customer segment.
  • The annual interest rate on the Maxima Savings Account is up to 7.5 percent and customers can open the account with Rs 1 lakh.
  • Customers also have the flexibility to maintain Rs 15 lakh or more in fixed deposits to meet the balance eligibility criteria of the Maxima Savings Account.

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12. CM launches Griha Adhar scheme to empower Goan homemakers

  • Goa CM Pramod Sawant distributed Griha Adhar sanction orders to numerous beneficiaries to support homemakers financially, fostering their independence and improving their quality of life.
  • Aim : To empower Goan entrepreneurs and self-help groups, a digital initiative under the Swayampura Goa Programme.
  • He also flagged off the Chavath-e-Bazaar vehicle, symbolizing a new era of empowerment for rural artisans and entrepreneurs in Goa.

Read Full News >> Banking & Finance

13. RBI imposes monetary penalty on four co-operative banks

  • RBI it imposed a monetary penalty on four co-operative banks for rule violations.
  • These banks include Lalbaug Co-operative Bank, The Co-operative Bank of Mehsana, The Harij Nagrik Sahakari Bank, and The National Co-operative Bank.
  • RBI imposed Rs 1 lakh penalty on National Co-operative Bank, Rs 3 lakh on THarij Nagrik Sahakari Bank, Rs 3.50 lakh on  Co-operative Bank of Mehsana and Rs 5 lakh penalty on tLalbaug Co-operative Bank.

Read Full News >>

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