NATIONAL UPDATES:
1. Nitin
Gadkari to launch the Bharat New Car Assessment Programme: Transport Minister Nitin Gadkari launches the Bharat New Car Assessment
Programme (Bharat NCAP) to improve road safety through raising the safety
standards of motor vehicles up to 3.5 tonnes in India. Aim: To provide a tool
to the car customers to make a comparative assessment of crash safety of motor
vehicles available in the market. Under Bharat NCAP, car manufacturers
can voluntarily offer their cars for testing as per the Automotive Industry
Standard (AIS) 197.
2. UP,
Gujarat among top 5 states in new investments: Uttar
Pradesh (UP) and Gujarat are among the top 5 states in India in terms of new
investments in 2022-23. According to RBI these two states together
accounted for 57.2% of the total investment proposals made during the
year. In 2022-23, UP attracted the highest share of new investments, with
a total project cost of Rs. 43,180 crore. Followed by Gujarat (Rs. 37,317
crore), Odisha (Rs. 11,810 crore), Maharashtra (Rs. 7,900 crore) and Karnataka
(Rs. 7,300 crore).
INTERNATIONAL UPDATES:
1. Indian
Navy submarine, INS Vagir to reach Fremantle, Australia: Indian Navy’s fifth Kalvari class submarine, INS Vagir, will reach
Fremantle, Australia on 20 Aug 2023. INS Vagir will participate in
various exercises with Royal Australian Navy (RAN) units on the West Coast of
Australia. On the East coast of Australia, Indian Naval ships and aircraft is
involved in Exercise AUSINDEX 23 from 22-24 Aug 2023. The RAN submarine and
Indian Naval P8i aircraft are scheduled to exercise with INS Vagir.
2. Russia’s
first lunar mission in decades crashes into the moon : Russia’s
first lunar mission in decades has ended in failure with its Luna 25 spacecraft
crashing into the moon’s surface. The incident, a blow to Russia’s space
ambitions, happened after communication with the robotic spacecraft was
interrupted. The measures taken to search for the device and get in contact
with it did not yield any results. According to a “preliminary analysis,”
Luna-25 “switched to an off-design orbit” before the collision
3. China
launches military exercises of navy and air force around Taiwan: The Eastern Theater Command of the Chinese People's Liberation Army
(PLA) launched joint air and sea patrols and military exercises of the
navy and air force around Taiwan in August 2023. Aim: To test seizing control
of air and sea space, and to test combat capabilities. The patrols and
exercises are meant to train the coordination of military vessels and airplanes
and their ability to seize control of air and sea spaces
4. The
World Mosquito Day is commemorated on August 20: The
World Mosquito Day is commemorated on August 20 globally. Aim: To mark the
importance of protecting ourselves and our communities from the potentially
deadly diseases transmitted by the insects that are commonly seen in homes
across the world. Theme for World Mosquito Day 2023 is “Fighting
the World's Deadliest killer -the Mosquito. “ The mosquitoes are responsible
for the spread of diseases like malaria, dengue fever, Zika virus, and West
Nile virus.
OTHER UPDATES:
SPORTS
1. India
secures Second Rank at 16th IOAA in Chorzów, Poland: India has secured Second Rank at the 16th International Olympiad 2023
on Astronomy and Astrophysics (IOAA) in Poland With Four Gold and One Silver
Medal. The United Kingdom clinched the lead with five Golds. A total of 236
students from 50 nations participated at the Olympiad Rajdeep Mishra from Kota,
Rajasthan, Koduru Tejeswar from Kurnool, Andhra Pradesh, Md. Sahil Akhtar from
Kolkata, West Bengal, Akarsh Raj Sahay from Nagpur, Maharashtra were awarded
Gold medals.
2. R
Praggnanandhaa first Indian after Anand to reach semifinals of FIDE 2023: R Praggnanandhaa, the first Indian after Viswanathan Anand to reach the
semifinals of the FIDE World Cup 2023, defated his higher-ranked opponent,
Fabiano Caruana, in Baku Out of four Indians, who had made it to the
quarterfinals, Praggnanandhaa remains the only Indian in the fray. No Indian
has reached the last four stage of the Chess World Cup, except Anand, who won
the first two editions of the tournament in 2000 and 2002.
3. Indian
shooter Mehuli secured bronze at ISSF World Championship 2023: Indian shooter Mehuli Ghosh secured bronze medals behind the People’s
Republic of China’s Jiayu Han and Zhilin Hang in the women’s 10-meter air rifle
event at the ISSF World Championship 2023 in Baku. This Championship 2023 was a
qualifying event for the Paris 2024 Olympics. A total of 48 Olympic
quotas are on offer with the top four finishers (one per country) in each of
the 12 Olympic individual shooting events. This was India’s fourth Paris 2024
quota in shooting.
BANKING AND FINANCE
1. Axis Bank partners with RBI innovation hub to launch KCCs and MSME loans: Axis Bank announced the launch of two lending products powered by the Public Tech Platform for Frictionless Credit, introduced by the Reserve Bank Innovation Hub. Objective: To offer Kisan Credit Card (KCC) and unsecured MSME loans to customers powered by the platform. KCC will be offered in Madhya Pradesh and will be available to customers for up to Rs 1.6 Lakh to start with. MSME loans will be available across the country and will offer loans upto Rs. 10 Lakh
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