Daily Current Affairs 29 August for Banking/Insurance/SSC and other related exams.
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Chapter on National War Memorial included in NCERT curriculum of Class VII
A chapter on ‘National War Memorial – an homage to our brave soldiers’ has been included in the NCERT curriculum of Class 7 from this year, the defence ministry said.
- The objective of this initiative, jointly undertaken by defence and education ministries, is to ”inculcate the values of patriotism, devotion to duty and courage and sacrifice” among school children and increase the participation of youth in nation-building.
Madhya Pradesh announces Ladli Behna Yojana aid hike, 35% job reservation for women ahead of polls
Days ahead of Rakhsha Bandhan (Rakhi) festival, Madhya Pradesh Chief Minister Shivraj Singh Chouhan raised the financial aid given to women in the Ladli Behna Scheme from ₹1,000 to ₹1,250 per month.
- Apart from this, the MP CM also announced 35 percent reservation for them in government jobs and said cooking gas cylinders will be provided to women at ₹450 in August to mark ‘Sawan’.
- The CM said that 1.25 crore women will get ₹1,250 (under Ladli Behna Yojana) from 1 October and the amount will gradually be hiked to ₹3,000 per month so that the aim of uplifting the economic and social condition of women is fulfilled.
Maharashtra Govt signs MoU with Germany’s professional association football league to help young players
The Maharashtra Government has signed a memorandum of understanding (MoU) with Germany’s professional association football league, ‘Bundeslig’, to build a football team for players under the age of 14.
- The agreement was signed by Ranjit Singh Deol, Principal Secretary, Department of School Education and Sports, and Mrs Julia Farr, representative of the Bundesliga, on behalf of the Government of Maharashtra. It will help young footballers to develop their skills and potentially compete at a high level.
BANKING & FINANCE
India, Asian Development Bank to set up climate change and health hub in Delhi
India, in partnership with the Asian Development Bank (ADB), is poised to establish a groundbreaking Climate Change and Health Hub in the capital city of New Delhi.
- The inception of this hub echoes India’s prior achievement of hosting the inaugural World Health Organization (WHO) Centre for Global Traditional Medicine, situated in Jamnagar, Gujarat.
- The forthcoming climate change and health hub is designed to serve as a dynamic platform for knowledge exchange, fostering collaborations, and catalyzing innovations. Its scope is not confined to the G-20 nations, but particularly emphasizes engagement with developing countries.
SBI launches Aadhaar-based enrolment for social security schemes
The country’s largest lender State Bank of India (SBI) has introduced a facility to allow customers to enrol in social security schemes by just furnishing an Aadhaar card.
- Chairman Dinesh Khara, unveiled an innovative Customer Service Points (CSP) functionality that enables hassle-free enrolment for social security schemes through Aadhaar.
- Customers visiting CSPs will need only their Aadhaar cards to enrol in schemes such as Pradhan Mantri Jeevan Jyoti Bima Yojana, the Pradhan Mantri Suraksha Bima Yojana, and the Atal Pension Yojana
BUSINESS & ECONOMY
FDI equity inflows dip 34% to $10.94 bn in April-June 2023
Foreign direct investment (FDI) into India declined 34 per cent to $10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data.
- FDI inflows stood at $16.58 billion during April-June 2022-23. Inflows during January-March 2023 too had contracted 40.55 per cent to $9.28 billion.
- Investments from overseas fell in April, May and June this fiscal to $5.1 billion, $2.67 billion and $3.16 billion, respectively as against $6.46 billion, $6.15 billion and $3.98 billion in the year-ago corresponding periods, the data from Department for Promotion of Industry and Internal Trade (DPIIT) showed.
FIFA lifts ban on Sri Lanka Football Federation
The world governing body FIFA lifted its suspension of the Sri Lanka Football Federation (FFSL).
- On January 21 this year FIFA had banned FFSL for violations of FIFA rules in administration. The suspension was caused by factional fighting and political interference in the sport’s body’s administration.
BCCI onboards IDFC First Bank as title sponsor for home internationals at Rs 4.2 cr per match: Report
According to a report, private sector lender IDFC First Bank has won the title rights for the home international series of the Board of Control for Cricket in India (BCCI).
- The bank secured the rights for Rs 4.2 crore per international game, surpassing the previous value of Rs 3.8 crore. The bidding’s base price was set at Rs 2.4 crore.
- The bank will engage in a contract with BCCI for a three-year duration beginning next month, commencing with a three-match ODI series against Australia. The agreement will run until August 2026, covering a total of 56 international games. This move is expected to generate around Rs 235 crore in title sponsorship revenue for BCCI.
Indian Oil ropes in Chef Sanjeev Kapoor as its Brand Ambassador
Indian Oil Corporation Limited (IOCL), one of India’s largest and most esteemed public sector enterprises, has recently made a significant strategic move by appointing celebrity chef Sanjeev Kapoor as its brand ambassador.
- This partnership aims to bridge the gap between the corporate world and the culinary arts, offering a unique blend of expertise and innovation.
Indian English poet Jayanta Mahapatra passes away
Jayanta Mahapatra, one of India’s best known English poets, passed away in the State-run SCB Medical College Hospital, Cuttack. He was 95.
- The legendary poet has left an imprint in the Indian English poetry with his writings spanning over 50 years.
- Mr. Mahapatra, a physics teacher, fell in love with English poetry in his late 30s. After publishing of his first collection ‘Swayamvara and Other Poems’ in 1971, he never looked back. His poetries ‘Close the Sky Ten by Ten’ catapulted him to the top league of writers.
- He was conferred Sahitya Akademi Award for his poem Relationship in 1981, a rare recognition for an Indian English writer. He was awarded Padma Shri in 2015. He, however, offered to return the award protesting rising level of intolerance in the country. Mr. Mahapatra received recognition in India and abroad for his brilliant writing.