Daily Current Affairs Highlights and Quiz | 5 September 2023

Daily Current Affairs - 5 Septmeber 2023: Hello readers, today we bring you a comprehensive update on the daily happenings around the nation and the world on the 5th of September, 2023. From national affairs to banking and finance updates, we have got it all covered for you. Let's dive right in!

National Affairs

WHO Releases Gujarat Declaration

The World Health Organization (WHO) has unveiled the outcome document of the WHO Traditional Medicine Global Summit 2023, termed the "Gujarat Declaration". This significant document reaffirms the global commitments towards indigenous knowledges, biodiversity, and traditional, complementary, and integrative medicine. The summit saw endorsements based on research and evidence-informed discussions presented in its plenaries and parallel sessions.

Initiatives Under Mission Karmayogi

Union Minister Dharmendra Pradhan has launched the Annual Capacity Building Plan, along with other initiatives under Mission Karmayogi. These initiatives aim to equip government officials with the necessary competence to be future-ready and enhance public service delivery efficiency.

ASI's New Launches

The Archaeological Survey of India (ASI) has introduced the 'Adopt a Heritage 2.0' programme, the 'Indian Heritage' app, and an e-permission portal. These were launched to foster collaboration with corporate stakeholders for the preservation of monuments and to facilitate easy access to various heritage sites.

Banking & Finance

Bajaj Auto Consumer Finance Begins NBFC Operations

Bajaj Auto Consumer Finance has received the green light from the RBI to commence its Non-Banking Finance Company (NBFC) operations. This development came into effect on the 31st of August, 2023.

EPFO's New Investment Permissions

The government has permitted the Employees Provident Fund Organisation (EPFO) to invest in equities and related assets. This amendment allows EPFO to invest a minimum of 5% and a maximum of 15% in equities and related instruments.

Collaboration to Upskill Rural Business Correspondents

PayNearby and the Grameen Foundation have joined hands to launch a project aimed at upskilling 1.5 lakh business correspondents in rural India. This project is supported by the Bill and Melinda Gates Foundation.

Indian Bank's New Credit Card

Indian Bank has partnered with OneCard to launch a VISA co-branded metal credit card. This initiative offers a range of features to facilitate seamless transactions and manage expenses efficiently, all through a mobile application.

Awards & Recognitions

RBI Governor Receives A+ Rating

In a significant acknowledgment, RBI Governor Shaktikanta Das has been rated 'A+' in the Global Finance Central Banker Report Cards 2023. This rating, given by the US-based Global Finance magazine, is a testament to his excellent performance in various sectors including inflation control, economic growth goals, and currency stability.

Appointments & Resignations

Changes at the Helm of Kotak Mahindra Bank

In a significant development, Dipak Gupta has taken over as the Interim MD and CEO of Kotak Mahindra Bank, following the early resignation of Uday Kotak. Gupta will hold this position until the end of December 2023 or until a successor is proposed by the RBI. Meanwhile, Uday Kotak will continue to serve as a non-executive director in the bank.

Former CJI Joins SIMC's International Mediation Panel

Nuthalapati Venkata Ramana, the former Chief Justice of India, has been appointed as a member of the International Mediation Panel at the Singapore International Mediation Centre (SIMC). This appointment came during the 'Singapore Convention Week', a significant event organized by various international organizations including the Singapore Ministry of Law.

Sports

Record-Setting Victory at the Italian Grand Prix 2023

Max Verstappen, the Belgian-Dutch driver representing Red Bull, clinched victory at the 93rd edition of the Italian Grand Prix. This win marks his 10th consecutive victory in the 2023 F1 season, setting a new record for the most consecutive F1 wins, previously held by Sebastian Vettel.

Football Updates: Durand Cup 2023

In the football arena, Mohun Bagan Super Giant triumphed over East Bengal Football Club to win the Durand Cup 2023. This victory makes them the first team to secure 17 titles in the Durand Cup, surpassing East Bengal's record of 16 titles.

Hockey 5s Asia Cup: India Triumphs

The Indian Men's Hockey Team clinched victory by defeating Pakistan in the inaugural Men's Hockey 5s Asia Cup, held in Oman. This victory not only marks a significant achievement but also ensures their qualification for the FIH Men's Hockey5s World Cup Oman 2024.

Obituary

Passing of a Cricket Legend

The cricket world mourns the loss of Heath Streak, the former captain of the Zimbabwe Cricket team. Streak, who had a notable career representing Zimbabwe in various international matches, passed away at the age of 49.

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Daily current Affairs Quiz - 5 September 2023