Daily Current Affairs 8 February 2023 for Banking/Insurance/SSC and other related exams.
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NATIONAL NEWS
India signs MoU with Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council to promote adoption of energy efficiency
The three days Working group meeting of G20 on energy transition concluded in Bengaluru.
- On the sidelines, India has signed a Memorandum of Understanding (MoU) with Indonesia-Malaysia-Thailand Growth Triangle Joint Business Council (IMT-GT JBC), Malaysia to further promote the adoption of energy efficiency and sustainable practices in the region.
- Energy Efficiency Services Limited (EESL), a Public Sector Undertaking under the Ministry of Power, signed the (MoU) with the IMT-GT JBC Malaysia coinciding with the India Energy Week celebrations. The next meeting of the working group will be held in Gujarat.
BANKING & FINANCE
PhonePe launches cross-border UPI payments service
PhonePe said it has launched a service that will allow the fintech firm’s Indian users traveling abroad to pay foreign merchants using Unified Payments Interface (UPI).
- ‘UPI international’ supports merchant outlets in UAE, Singapore, Nepal and Bhutan that have a local QR (quick response) code. Users will be able to make direct payments in a foreign currency from their Indian bank, like they do with international debit cards.
- Walmart-backed PhonePe said it is the first Indian fintech app to launch the service.
Airtel Payments Banks launches BizKhata for Small Businesses & Merchant Partners
Airtel Payments Bank announced the availability of its current account, BizKhata, which offers small businesses and business partners across the nation fast activation and limitless transactions.
- Because they cannot maintain the minimum amount required for business accounts, many small business owners continue to use savings accounts for business-related expenses. This makes it difficult to distinguish between personal and corporate dealings.
Features :
- Zero Minimum Balance – There is no requirement for a minimum balance on the account.
- Secure and efficient Payment digitization: Through IMPS, UPI, NEFT, and IFT, business owners can receive and send online payments to any bank in India.
- The account also includes a QR code that may be used to accept payments from any UPI app.
- Day-end balances over INR 200,000 will automatically be swept out to a current account with the partner bank under the auto sweep-out feature.
- The user can return the sweep sum to the business account with a single click.
- Transaction history may be downloaded with only one click, allowing business owners to easily reconcile transactions.
Edelweiss General Insurance rebrands itself as Zuno GI
Edelweiss General Insurance has rebranded itself as Zuno General Insurance Limited (Zuno GI), which, it says, is a new age digital insurer with an aspiration to reimagine and redefine Insurance to make it easy, friendly, and transparent.
- The name and identity represents the young, innovative, approachable, digital native and upbeat personality of the brand and resonates with the Millennial and GenZ audience.
- The company has also launched a consumer study titled ‘Usage Based Insurance: Decoding Awareness, Perception and Behaviour’. The study was done to understand Millennial and GenZ’s awareness, understanding and consideration for UBI.
SPORTS
Pakistan wicketkeeper Kamran Akmal announces retirement from all forms of cricket
Veteran Pakistan wicketkeeper Kamran Akmal, announced his retirement from all forms of cricket.
- Prior to the 2023 edition of the Pakistan Super League (PSL), he spoke to the reporters and said that it’s time for the youngsters to take charge.
- Akmal was earlier named as the batting consultant for the Peshawar Zalmi, led by Babar Azam, for the upcoming edition of the PSL. The 41-year-old said that he is keener on taking up managerial roles with the Pakistan Cricket Board (PCB).
APPOINTMENTS
K Satyanarayana Raju appointed as new MD & CEO of Canara Bank
The Union Government has appointed K Satyanarayana Raju as its Managing Director and CEO of Canara Bank, with immediate effect.
- He will be replacing L V Prabhakar who demitted office on December 31, 2022. He joined the erstwhile Vijaya Bank in 1988, and rose to the level of chief general manager in Bank of Baroda. His experience has led to digital transformation of banking products and services.
AWARDS
LeBron James becomes NBA’s all-time leading scorer
Los Angeles Lakers forward LeBron James surpassed Kareem Abdul-Jabbar to become the NBA’s all-time leading scorer, setting the new mark with a fadeaway jumpshot late in the third quarter of a home game against the Oklahoma City Thunder.
- ‘King James’, who entered the game needing 36 points to break Abdul-Jabbar’s record of 38,387, sent the sold-out crowd into a frenzy when the ball splashed through the net, raising his arms in triumph as his team mates embraced him.
Natasha Perianayagam named in ‘world’s brightest’ students list
Indian-American schoolgirl Natasha Perianayagam was named in the “world’s brightest” students list for the second consecutive year by the U.S.-based Johns Hopkins Center For Talented Youth, based on the results of above-grade-level tests of over 15,000 students across 76 countries.
- Perianayagam, 13, is a student at Florence M Gaudineer Middle School, in New Jersey.She also took the Johns Hopkins Center For Talented Youth (CTY) test in Spring 2021, when she was a Grade 5 student.
SCIENCE & TECHNOLOGY
Chinese tech giant Baidu enters AI chatbot race with ERNIE Bot
The Chinese tech giant Baidu announced that it is developing an AI bot as the program ChatGPT increasingly gains popularity.
- Baidu said that it is creating an AI chatbot project called ERNIE Bot, which was first proposed as a language model in 2019.
- The program was capable of understanding 96 languages as of January 2021, according to a timeline of milestones for ERNIE included in the post.
ENVIRONMENT
Jupiter beats Saturn to become the planet with most moons: 92
Astronomers discovered 12 additional moons of Jupiter, raising its total number of known natural satellites to 92. The gas giant now holds the record for the most known moons of any planet in the solar system—for the time being, at least.
- The orbits of the moons, which are unnamed, have been published in the circulars of the International Astronomical Union’s Minor Planet Center, which keeps records of all the small bodies discovered in the Solar System.
- The observations were led by astronomer Scott Sheppard of Carnegie Institution for Science, who has spearheaded the discoveries after accidentally discovering a plethora of previously unknown Jovian moons during a hunt for the mysterious hypothetical Planet Nine in the outer Solar System.
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