Daily Current Affairs 23 February 2023 for Banking/Insurance/SSC and other related exams.
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INTERNATIONAL NEWS
Seattle becomes first US city to ban caste discrimination
Seattle has become the first city in the United States to explicitly ban discrimination based on caste.
- The city council in the capital of Washington state voted to add caste, a hierarchical social system dating back thousands of years and practised throughout South Asia among people of all religions, to the city’s anti-discrimination laws.
BANKING & FINANCE
Kotak Mahindra Bank launches corporate customer platform – fyn
Private lender Kotak Mahindra Bank launched Kotak fyn, a unified portal for corporate customers to track their payments, collections, trade and other services related to their bank accounts.
- The bank is also planning to introduce a new loan origination and management system that would digitize the process from loan application, to sanction, to disbursal.
- While this loan origination and management system is expected to reduce the turnaround time for corporate borrowers, the bank also believes this will make the process more transparent.
BUSINESS & ECONOMY
UK overtakes India as the world’s sixth-biggest equity market
The UK has surpassed India as the world’s sixth-largest equity market for the first time since May 2022 as a weaker pound boosts appeal of exporters and jitters over Adani-Hindenburg row are being felt across Indian markets, said a report.
- The combined market capitalisation of primary listings in the UK, excluding ETFs and ADRs, reached about $3.11 trillion, $5.1 billion higher than their Indian equivalents, which hasn’t happened since May 29, 2022, said Bloomberg.
Telefonica Germany partners with TCS to build its operations support systems
India’s largest IT services company Tata Consultancy Services (TCS) announced that it has won a deal to digitally transform Telefonica Germany’s specific operations. The latter is a leading German telecom company.
- The Indian IT services exporter announced that the partnership would entail building service assurance applications and processes within the Operations Support Systems (OSS) landscape of the German telecom company.
- The company aims at providing Telefonica Germany with a reliable, resilient, and secure network experience with their OSS.
APPOINTMENTS
Rajeev Raghuvanshi appointed as new Drug Controller General of India
The Appointment Committee of the Cabinet led by the Prime Minister Narendra Modi has approved the appointment of Rajeev Singh Raghuvanshi as Drugs Controller General of India, Central Drugs Standard Control Organization (CDSCO).
- Rajeev Singh Raghuvanshi will supersede Dr. PBN Prasad who is holding the position till 28th February 2023. The order which was released stated that Raghuvanshi will continue to be the DGCI till February 28, 2025.
AWARDS
Prime Minister Hasina honours Dr. Mahendra Mishra with the International Mother Language Award in Dhaka
Indian educationist and social worker for the promotion of indigenous languages in Odisha Dr. Mahendra Kumr Mishra was conferred the International Mother Language Award by Prime Minister Sheikh Hasina in Dhaka. Dr. Mishra is the first India to receive this award. Dr. Mishra has worked over three decades on the language, culture and education of the marginalised languages of Odisha.
- The award instituted in 2021 by UNESCO is given in recognition of the extraordinary contribution to the preservation, revitalization and development of mother languages.
- Prime Minister Hasina conferred the two national awards and two international awards to four recipients in Dhaka. Bangladeshi nationals Habibur Rahman and Ranjit Singha were given the national awards, while Mahendra Kumar Mishra and Mother Language Lovers of World Society, Vancouver, Canada were conferred with the international awards.
SCIENCE & TECHNOLOGY
India’s first hybrid rocket launched from Tamil Nadu’s Pattipulam
India’s first hybrid sounding rocket by private players was successfully launched from Pattipulam village in the Chengalpattu district of Tamil Nadu. Martin Foundation, in association with Dr. APJ Abdul Kalam International Foundation and Space Zone India, launched the Dr. APJ Abdul Kalam Satellite Launch Vehicle Mission- 2023.
- The organisations mentioned that 5,000 students were involved in the project.The selected students designed and constructed a student satellite launch vehicle (rocket) and 150 PICO satellite research experiment cubes that contained different payloads.
- The reusable rocket was made by the selected top 100 students, while the rest made the satellites.The rocket can be used for research in weather, atmospheric conditions and radiation.
WHO to set up mRNA vaccine hub in Hyderabad
The World Health Organisation will be setting up mRNA (messenger ribonucleic acid) vaccine hub in Telangana, Minister for IT and Industries KT Rama Rao said. mRNA is becoming a promising technology to address a growing number of infectious diseases.
- Minister for IT and Industries KT Rama Rao informed about various steps being taken by the state government to promote the life sciences sector the government has a target of making the industry worth USD 100 billion from USD 50 billion in 2021 and the workforce from the existing four lacks to eight lacks in the next five years.
Delhi Metro to launch India’s first virtual shopping and recharge app
Delhi Metro Rail Corporation will soon launch India’s first virtual shopping app called Momentum 2.0 for metro commuters to purchase products, book services and collect orders at the destination stations.
- The Delhi Metro Rail Corporation has revealed that the app will also provide features such as instant recharge of metro smart cards and smart payment options for other utility services.
- Momentum 2.0 will provide users direct access to custom-made services such as last-mile connectivity options, e-shopping, and digital lockers for quick and safe deliveries.
India’s first agri chatbot Ama KrushAI launched in Odisha
Governor of Odisha Prof. Ganeshi Lal launched India’s first AI Chatbot for the Agricultural sector ‘Ama KrushAI’ at the valedictory session of ‘Krushi Odisha 2023’.
- Ama KrushAI chatbot will help the farmers with the best agronomic practices, inform them about government schemes, and loan products from more than 40 commercial and cooperative banks.
- Ama KrushAI will run under a pilot project involving more than 10,000 farmers and will be implemented in full-fledged in the next two months.
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