Current Affairs Digest: 23rd October 2023
Introduction
Keeping up with current affairs is essential in today's fast-paced world. From politics and economy to sports and technology, staying updated with the latest events gives you an edge in every field. Here's a comprehensive roundup of the current affairs for 23rd October 2023.
International News
US Imposes Sanctions On Three Chinese Firms
- The United States has imposed sanctions on three Chinese companies for allegedly supplying missile components to Pakistan.
- The sanctions are part of a global nonproliferation regime.
State News
Project Nilgiri Tahr: Tamil Nadu’s Conservation Initiative
- Tamil Nadu’s Chief Minister M.K. Stalin has launched "Project Nilgiri Tahr" to conserve the endangered Nilgiri Tahr species.
- The project has a budget of ₹25 crore and aims to understand the species' population, distribution, and ecology.
Defence News
Indian Military Heritage Festival In New Delhi
- Defence Minister Rajnath Singh inaugurated the Indian Military Heritage Festival at the Manekshaw Centre in New Delhi.
- The event aims to pay tribute to India’s rich military history and inspire the youth.
National News
India To Host World’s Largest Textiles Event, Bharat Tex 2024
- India is set to host Bharat Tex 2024 Expo, showcasing its capabilities as a reliable textile supplier.
- The event aims to provide a global platform for weavers, craftsmen, and the handloom sector.
Project Nilgiri Tahr: Tamil Nadu’s Conservation Initiative
- Tamil Nadu launches "Project Nilgiri Tahr" to conserve the endangered Nilgiri Tahr species.
- The project has a budget of ₹25 crore and aims to understand the species' population, distribution, and ecology.
International News
US Sanctions on Chinese Firms
- The United States imposes sanctions on three Chinese companies for supplying missile components to Pakistan.
- The sanctions aim to counter the proliferation of weapons of mass destruction.
State News
Defence Minister Inaugurates Indian Military Heritage Festival
- The festival aims to pay tribute to India’s rich military history and inspire the youth.
- It was conducted by the United Service Institution of India, the oldest tri-service think tank of India.
Project Udbhav: Indian Army’s Initiative
- The project aims to rediscover Indian heritage of statecraft and strategic thoughts from ancient texts.
- It bridges the gap between ancient wisdom and modern military techniques.
Economy News
Indian Government Approves Non-Basmati Rice Exports
- The Directorate General of Foreign Trade approves the export of 1.34 million tonnes of Non-Basmati White Rice to seven countries.
- The Philippines will receive the largest quota, followed by Cameroon and Malaysia.
RBI Imposes Penalty on L&T Finance
- The Reserve Bank of India imposes a ₹2.5 crore penalty on L&T Finance for non-compliance with specific provisions.
- The penalty was levied due to several deficiencies in compliance identified during the statutory inspection.
Banking News
HDFC Bank Launches XpressWay Digital Platform
- The platform aims to streamline and expedite banking products and services.
- It empowers customers with self-service options for convenience.
RBL Bank Introduces GO Savings Account
- The account offers high-interest rates of up to 7.5% per annum.
- It introduces a novel subscription-based model for modern banking solutions.
Business News
Government to Invest ₹30,000 Crore in Crop Insurance Portal
- The government plans to allocate ₹30,000 crore to enhance the Pradhan Mantri Fasal Bima Yojana portal.
- The initiative aims to extend insurance coverage beyond crops to include a wide range of agricultural assets.
NLC India Green Energy Limited to Boost India’s Green Energy
- The subsidiary aims to establish renewable energy projects with a combined capacity of 6 GW by 2030.
- It focuses on the expansion of renewable energy projects and technological innovations.
Ranks & Reports News
EU Recommends 2% Global Wealth Tax on Billionaires
- The European Union Tax Observatory publishes the 'Global Tax Evasion Report 2024.'
- The report calls for a 2% global wealth tax on billionaires to combat tax evasion.
Appointments News
Sanjay Kumar Jain Selected As CMD, IRCTC
- Sanjay Kumar Jain, an officer of the Indian Railway Traffic Service, has been appointed as the Chairman and Managing Director of IRCTC.
Ashok Vaswani to Succeed Uday Kotak as New CEO of Kotak Mahindra Bank
- Ashok Vaswani will take over as the Managing Director and Chief Executive Officer of Kotak Mahindra Bank.
Awards News
CJI Chandrachud Honored With “Award For Global Leadership”
- Chief Justice of India DY Chandrachud receives the 'Award for Global Leadership' from Harvard Law School.
Important Days News
International Stuttering Awareness Day 2023
- The day is observed annually on October 22nd to raise awareness about stuttering.
- This year's theme is "One Size Does NOT Fit All."
Sports News
Mohammed Shami Makes History
- Mohammad Shami becomes the first Indian bowler to pick two five-wicket hauls in ICC ODI World Cups.
Asian Para Games 2023 Opening Ceremony
- India is sending its largest-ever contingent, consisting of 313 athletes, to compete in various events.
Science & Technology News
ISRO’s Gaganyaan Test Missions
- The test flight of Gaganyaan mission TV-D1 serves as a crucial milestone in space exploration.
Obituaries News
Legendary Spinner Bishan Singh Bedi Passes Away
- Bishan Singh Bedi, one of India’s most iconic cricketers, passes away at the age of 77.
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Current affairs quiz - 23 October 2023
