Daily Current Affairs 5th September, 2023

Daily Current Affairs 5 September for Banking/Insurance/SSC and other related exams.

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NATIONAL NEWS

Government introduces stricter rules for SIM card sales
The Government of India has made new rules to obtain new SIM cards with an aim to make the process safe and secure. There are two circulars issued by the department of Telecommunication to regulate the use of SIM cards in the country.The new rules are going to implement October 1, 2023 onwards.

• The first circular’s rules are applying to individual SIM card users and the other one to telecom companies such as Airtel and Jio with purpose of changing the process of selling SIM cards.
• After these new rules all people will go through a detailed verification process to buy a new SIM card or get a replacement.This process to get a new SIM card is the same.

INTERNATIONAL NEWS

Nobel Foundation withdraws invitation to Russia, Belarus
The Nobel Foundation said would not after all invite the ambassadors of Russia, Belarus and Iran to attend the Nobel Prize awards ceremony in Stockholm this year, reversing an earlier decision after widespread criticism.

• Last year, the foundation left out the ambassadors of Russia and its ally Belarus because of Moscow’s invasion of Ukraine.

BANKING & FINANCE

Bank credit outstanding to real estate reaches Rs 28L cr in July: RBI
Bank credit to housing as well as commercial real estate witnessed nearly 38 per cent annual growth in July, taking the loan outstanding to the realty sector to a record Rs 28 lakh crore, as per the latest RBI data.

• It is evident from the Reserve Bank’s loan outstanding data as well as property consultants data on housing sales and new launches across major cities that activities in the real estate sector are moving at a fast pace.
• The credit outstanding in housing (including priority sector housing) rose 37.4 per cent annually in July crossing Rs 24.28 lakh crore, showed the RBI’s data on ‘Sectoral Deployment of Bank Credit – July 2023’.

BUSINESS & ECONOMY

Govt, Meta sign three-year partnership to skill 500,000 entrepreneurs
The Ministry of Skill Development and Entrepreneurship, Ministry of Education and Meta signed a three-year partnership to take digital skills to the grassroots, thus building talent pool capacities and seamlessly connecting students, youth, and micro-entrepreneurs across the country.

• Under the partnership known as ‘Education to Entrepreneurship: Empowering a Generation of Students, Educators and Entrepreneurs’, Meta signed three letters of intent (LoI) with the National Institute for Entrepreneurship and Small Business Development (NIESBUD), the All India Council for Technical Education (AICTE) and the Central Board of Secondary Education (CBSE).
• The partnership will facilitate training of 5 lakh budding and existing entrepreneurs in digital marketing skills via Meta platforms like Facebook, WhatsApp, and Instagram in seven regional languages.

Morgan Stanley raises India GDP forecast after Q1 data surprises positively
Morgan Stanley has upwardly revised their economic growth forecast for India for fiscal year 2024 after April-June quarter data showed it grew at its quickest pace in a year.

• The multinational investment bank raised India’s growth forecast to 6.4 per cent from its earlier estimate of 6.2 per cent. It attributed the growth forecast revision to robust domestic demand.
• India’s GDP growth for the June quarter came at 7.8 per cent, higher than Morgan Stanley’s expectation of 7.4 per cent.

SPORTS

McGahey to become first transgender to play international cricket
For the first time in international cricket, a transgender woman player will feature in ICC-related tournaments. Danielle McGahey, 29, is set to become the first transgender woman player to play in international cricket. 

• The right-hand batter from Australia, who moved to Canada in 2020, had fulfilled the eligibility criteria for male-to-female (MTF) transition, per ICC.
• McGahey is named in Canada’s squad for the Women’s T20 Americas Qualifier, the pathway tournament to the T20 World Cup 2024. According to BBC Sport, the first to break this news, McGahey socially transitioned from male to female three years ago in 2020 before undergoing a medical transition in 2021.

APPOINTMENTS

Cognizant India MD Rajesh Nambiar appointed as Nasscom Chairperson
Indian IT and tech trade body Nasscom announced the appointment of Rajesh Nambiar, Chairman and Managing Director, Cognizant India, as its new Chairperson.

• Nambiar is succeeding Anant Maheshwari, former President, Microsoft India as the new Chairperson of the trade body.
• Chairperson Rajesh Nambiar along with President Debjani Ghosh, will continue to work with the Nasscom Executive Council, industry, and the government in strengthening India’s position as a global technology hub while navigating the current volatile macro environment.

AWARDS

Satyajit Majumdar honoured with Dr V G Patel Memorial Award 2023
Mumbai Professor Satyajit Majumdar, dean of School of Management and Labour Studies from Tata Institute of Social Sciences (TISS), will receive the ‘Dr V G Patel Memorial Award-2023 for Entrepreneurship Trainer, Educator and Mentor’ for his work in promoting and strengthening entrepreneurship in India. Dr Patel is widely acknowledged as the Father of Entrepreneurship Movement in India.

• Majumdar’s name was chosen among 400 applicants from 26 states by a jury nominated by the Entrepreneurship Development Institute of India (EDII), Ahmedabad.
• Over the last two decades, Majumdar 63, has played an important role in the development of entrepreneurship, especially in the social sector. Along with his team, he has mentored more than 350 startups, including 40 in Jammu and Kashmir and group startups in Jhabua, West Bengal.

SCIENCE & TECHNOLOGY 

Hyderabad-Based Grene Robotics unveils India’s First AI-Powered Anti-Drone System
Hyderabad-based private sector firm, Grene Robotics, has  demonstrated a weapons platform named Indrajaal — which it calls the world’s only autonomous wide area, counter-unmanned aircraft system (C-UAS).

• Claimed to be the world’s only anti-drone system capable of protecting against micro, mini, small, large and extra-large drones, this marks a breakthrough in Indian defence technology.
• Grene Robotics executives say the company has spent its own money and utilised its own scientific and technological manpower to create live demonstrations for government officials and tri-services officers.

OBITUARIES

ISRO scientist N Valarmathi, voice behind Chandrayaan-3 countdown, passes away
Indian Space Research Organisation (ISRO) scientist, N Valarmathi, who was the voice behind the countdown for the launch of many ISRO programmes, including the recent Chandrayaan-3 mission, died at the age of 64 due to a heart attack.

• During the July 14 event, Valarmathi was heard giving the countdown for the rocket launch. Her last announcement was on July 30 when the PSLV-C56 rocket lifted off carrying 7 Singaporean satellites as part of a dedicated commercial mission.
• N Valamathi was a valued member of the Range Operations Programme Office at the Satish Dhawan Space Centre, where she held the responsibility of announcing countdowns for all launches for the last six years.

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