Daily Current Affairs Highlights and Quiz | 27 and 28 August 2023

In a world that is constantly evolving, it is crucial to stay updated with the latest happenings. Here are some key highlights from the current affairs of 27 and 28 August 2023.

National Affairs

40th Foundation Day of C-DOT

The Centre for Development of Telematics (C-DOT) celebrated its 40th Foundation Day. On this occasion, the Communication Minister launched security systems named 'TRINETRA'. This initiative marks a significant milestone in the journey of C-DOT and reflects the government's commitment to enhancing security in the digital space.

G20 Trade and Investment Minister’s Meeting

The G20 Trade and Investment Minister’s Meeting (TIMM) was held in Jaipur, Rajasthan. The meeting concluded with the adoption of the G20 Trade and Investment Outcome Document and Chair’s Summary. This event signifies the importance of international cooperation in promoting trade and investment.

6th Edition of Smart India Hackathon

The Ministry of Education announced the launch of the 6th edition of the Smart India Hackathon (SIH) 2023. This initiative aims to encourage innovation and creativity among the youth of India and provide them with a platform to showcase their talents.

Postage Stamp in Memory of Dadi Prakashmani

The President of India released a postage stamp in memory of Dadi Prakashmani, former chief of Brahma Kumaris. This gesture honors the contributions of Dadi Prakashmani in the field of spirituality and social service.

UPI Chalega 3.0 Campaign

The National Payments Corporation of India (NPCI) launched the 3rd edition of its UPI Safety Awareness campaign, "UPI Chalega 3.0". This campaign aims to educate users about the safe and secure use of UPI transactions.

Banking & Finance

New Upper Limit for Offline Transactions

The Reserve Bank of India (RBI) increased the upper limit for offline transactions from Rs 200 to Rs 500. This move is expected to facilitate smoother transactions for users and promote digital payments.

Amendments to Reinsurance Regulations

The Insurance Regulatory and Development Authority of India (IRDAI) approved amendments to Reinsurance Regulations. These amendments aim to enhance the business environment and attract more reinsurers to India.

IIT Bombay and HSBC Partnership

IIT Bombay partnered with HSBC to support innovation-led green hydrogen initiatives. This collaboration will contribute to the development of sustainable energy solutions.

Amalgamation of Co-operative Banks

The RBI approved the amalgamation of Akola Merchant Co-operative Bank Limited with Jalgaon Peoples Co-operative Bank Limited. This amalgamation is expected to strengthen the financial stability of the banks involved.

She Leads Bharat: Udyam Initiative

Frontier Markets collaborated with Airtel Payments Bank and Mastercard to launch the 'She Leads Bharat: Udyam' initiative. This initiative aims to empower women entrepreneurs and promote financial inclusion.

Economy & Business

Antler ONDC Venture Platform

Antler India launched India’s first Open Network for Digital Commerce (ONDC)-focused venture platform, Antler ONDC. This platform aims to support startups and entrepreneurs in the digital commerce space.

Science & Technology

International Crew-7 Astronaut Mission

NASA and SpaceX launched the International Crew-7 Astronaut Mission to the International Space Station (ISS). This mission marks another significant step in the advancement of space exploration.