Daily Current Affairs 8th August, 2023

Daily Current Affairs 8 August for Banking/Insurance/SSC and other related exams.

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Centre launches ‘Meri Maati Mera Desh’ campaign
Prime Minister Narendra Modi launched a unique campaign called ‘Meri Maati, Mera Desh’ during his 103rd edition of Mann Ki Baat. 

  • Meri Maati Mera Desh is a 21-day campaign to pay tribute to the brave people who sacrificed their life for the country. 
  • The 21-day campaign begins on August 9 and will continue till August 30, 2023.

India’s eGov Foundation, UNDP Indonesia sign MoU to improve medical waste manage
UNDP Indonesia and India’s eGov Foundation have signed an MoU (Memorandum of Understanding) to tackle the critical challenge of infectious medical waste management in Indonesia. 

  • The collaboration aims to leverage eGov Foundation’s Digital Public Infrastructure(DPI) – DIGIT, to implement a cohesive solution at speed and scale.  
  • This momentous partnership between UNDP Indonesia and eGov Foundation stems from close collaboration and engagement with diverse stakeholders with a shared commitment to drive sustainable and efficient waste management practices in the country.

Chhattisgarh CM transfers Rs 15 crore as part of Godhan Nyay Yojana
Chhattisgarh Chief Minister Bhupesh Baghel transferred in online mode more than Rs 15 crore to cattle-rearers, women SHGs and ‘gauthan’ committees as a part of his government’s flagship Godhan Nyay Yojna (GNY). 

  • This scheme has made women of SHGs self-reliant while farmers’ interest in cattle rearing has increased. 
  • Of the Rs 15.29 crore, Rs 5.60 crore was transferred to accounts of cattle rearers in the lieu of cow dung sold by them in gauthans (day care centres for cattle in villages). Besides, Rs 9.69 crore was given to gauthan committees and women SHGs which are associated with gauthans under the scheme. 

Cabinet approves Rs 1.39 lakh cr for connecting 6.4 lakh villages with broadband
The Union Cabinet has given the green signal for the last-mile broadband connectivity plan for 6.4 lakh villages across India under the BharatNet project with an outlay of Rs 1.39 lakh crore. 

  • With this upgrade, the Department of Telecommunications (DoT) aims to speed up the process of connecting all 6.4 lakh villages within the next two and a half years. At present, nearly 1.94 lakh villages have been connected under the BharatNet project.


Construction work of Indian Buddhist Culture and Heritage Centre begins in Lumbini, Nepal
In Nepal, the construction work of the Indian Buddhist Culture and Heritage Centre has begun in Lumbini after Bhumi Pujan ceremony with special recitation by Buddhist monks. 

  • The 1.60 billion rupee heritage Centre is expected to be lotus shaped which will be built in zero-net technology and may be completed in one and a half years. Prime Minister Narendra Modi and the then Prime Minister of Nepal, Sher Bahadur Deuba, had jointly laid the foundation stone during Mr. Modi’s Lumbini visit in 2022.


Profit of PSU banks more than doubles to Rs 34,774 cr in Q1
The public sector banks (PSBs) have registered an impressive profit of over Rs 34,774 crore in the first quarter of June 2023 showcasing a substantial increase that more than doubles their previous earnings.

  • As per the quarterly data published by public sector banks, the collective profit reported by the 12 state-owned banks amounted to Rs 15,306 crore, during the corresponding April-June period in the prior fiscal year. 
  • The uptick in interest rates played to the banks’ advantage, resulting in a favorable net interest margin (NIM) for the quarter. The majority of banks achieved NIMs surpassing 3 percent.
  • Notably, Bank of Maharashtra, situated in Pune, secured the highest NIM at 3.86 percent, closely trailed by Central Bank at 3.62 percent and Indian Bank at 3.61 percent for the quarter. In the initial quarter, four lenders achieved a profit growth exceeding 100 percent.


IOCL Chairman Vaidya gets one-year extension
The government has given a one-year post-retirement extension to Indian Oil Corporation (IOC) chairman Shrikant Madhav Vaidya – a rare event for anyone on board of a state-owned company.ie with effect from September 1, 2023, till August 31, 2024. 

  • Vaidya, who took over as chairman of IOC on July 1, 2020, turned 60 and as per the rules was to superannuate from service at the end of the month. But now, he will continue for one more year as the head of India’s largest oil company.


Power Finance Corporation CMD Parminder named ‘Finance Leader of the Year’
Power Finance Corporation (PFC) CMD Parminder Chopra the prestigious “Finance Leader of the Year” Award at the ‘ET Prime Women Leadership Awards 2023’ in recognition of her outstanding achievements and for wielding the baton of excellence.

  • Smt. Chopra took over the charge of Director (Finance) at Power Finance Corporation Ltd. on July 1, 2020. She has more than 32 years of experience in power sector, serving in key power sector organizations like National Hydroelectric Power Corporation of India (NHPC) and Power Grid Corporation of India (PGCIL).


GSAT-24, jointly launched by NewSpace India Limited and Tata Play, successfully commissioned
 NewSpace India Limited (NSIL) has collaborated with Tata Play and launched GSAT-24 satellite in June 2022, aligned to ‘Make in India’ vision of the Government of Prime Minister Shri Narendra Modi. Tata Play commenced the use of this satellite, now in its orbital position, starting. 

  • The inauguration ceremony was held at Tata Play’s Broadcast Centre in New Delhi.This event unlocks one more step towards Aatmanirbhar Bharat and self-reliance in the field of space and communication.
  • GSAT-24, a 4-tonne class communication satellite built by ISRO for providing DTH services, is fully operational at its maximum satellite capacity, following exhaustive in-orbit testing. 


5% of birds in India are endemic, reveals Zoological Survey of India publication
A recent publication by the Zoological Survey of India (ZSI) points out that about 5% of birds found in the country are endemic and are not reported in other parts of the world. The publication, titled 75 Endemic Birds of India, was recently released on the 108th foundation day of the ZSI.

  • India is home to 1,353 bird species, which represents approximately 12.40% of global bird diversity. Of these 1,353 bird species, 78 (5%) are endemic to the country.
  • The publication unveils intriguing insights into the distribution patterns of these 75 endemic bird species. Hailing from 11 distinct orders, 31 families, and 55 genera, these birds are a testament to India’s diverse landscapes. 

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