Daily Current Affairs 8 September for Banking/Insurance/SSC and other related exams.
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West Bengal Assembly passes resolution declaring Poila Baisakh as statehood day
The West Bengal Assembly passed a resolution by a majority vote declaring ‘Poila Boishakh (Bengali New Year Day)’ as the Statehood Day. It was also decided that the famous song ‘Banglar Mati, Banglar Jol (Bengal’s soil, Bengal’s water)’ penned by Gurudev Rabindranath Tagore will be the State Song, on the line of National Song.
- The State Assembly defied the Central government decision to observe West Bengal Foundation Day on June 20, instead opting for the Bengali New Year day in April.
Britain rejoins EU’s Horizon science programme in further boost for ties
Britain said it would rejoin the European Union’s flagship Horizon science research programme, ending a two-year post-Brexit standoff with the EU over science funding.
- The agreement, which excludes the EU’s Euratom nuclear research scheme, signals a further improvement in bilateral relations seven months after a dispute over trade was resolved, and was welcomed by British scientists.
BANKING & FINANCE
HSBC India launches ‘ONDC in a box’ – The Economic Times
HSBC India has launched ‘ONDC in a Box’, making it the first foreign bank in India to offer an ONDC-enabled proposition.
- The Open Network for Digital Commerce (ONDC) enables buyers and sellers to transact on an open, interoperable network without needing to be on the same platform.
SBI launches ‘Nation First Transit Card’ for digital fare payments
The State Bank of India, country’s largest lender, has launched the ‘Nation First Transit Card’ facilitate the seamless and convenient customer commuting experience and ensure easy digital ticketing fare payments in metro, buses, water ferries, parking, etc., through a single card.
- In addition, individuals can also use this card for making retail and e-commerce payments.
- The Nation First Transit Card powered by RuPay and National Common Mobility Card (NCMC) technology, is set to revolutionize the commuting experience and is aligned with the national vision of “One Nation One Card”.
RBI decides to discontinue Incremental Cash Reserve Ratio in a phased manner
RBI has decided to discontinue Incremental Cash Reserve Ratio which was put in place to absorb surplus liquidity following the withdrawal of 2,000 rupees currency notes, in a phased manner beginning from September 9,2023.
- RBI plans to discontinue I-CRR in a phased manner to manage system liquidity without disrupting the money markets. On September 9, it will release 25 per cent of I-CRR, another 25 per cent on September 23, 2023, and the remaining 50 per cent on October 7, 2023.
- I-CRR, introduced on August 12, mandated banks to keep a 10 per cent incremental cash reserve ratio as part of RBI’s strategy to absorb excess liquidity from the banking system following the withdrawal of the Rs 2,000 currency notes.
BUSINESS & ECONOMY
GST rules for casinos, e-games notified
The Finance Ministry notified rules to impose a 28% Goods and Services Tax (GST) on the face value of bets placed in online games and casinos, paving the way for implementation of the levy which the government hopes to kick off from October 1.
- New provisions in the Central GST rules specify that for taxation purposes, authorities will consider the value of supply in online gaming and casinos as the total amount paid or payable to the supplier of such games, including payments made by virtual digital assets.
Airbus, Indian Railways Gati Shakti Vishwavidyalaya Ink MoU, Expected To Create 15,000 Jobs
Indian Railways’ Gati Shakti Vishwavidyalaya and global aerospace giant Airbus inked a pact to collaborate in the fields of research, teaching, and training of students to deepen understanding of scientific, technological, and management topics pertaining to the aerospace sector.
- GSV will focus on intense industry-academia partnerships. All its courses will be designed in collaboration with industry. The students who study at GSV will be industry-ready. They will be highly sought after for employment in the transportation and logistics sectors.
Amazon to train, offer jobs to persons with disabilities in five states
Amazon India signed a Memorandum of Understanding (MoU) with five State Governments, including Haryana, Maharashtra, Gujarat, Karnataka and Tamil Nadu, to train employable Persons with Disabilities (PwDs) and bring them to the mainstream workforce.
- The MoU, which extends until 2026, aims to provide skilling and employment opportunities to PwD candidates in these five states, Amazon said.
- Under this initiative, Amazon has a focus on skilling and livelihood for PwD across Amazon India’s Operations network, over a period of three years. PwDs would be offered needed support with on-the-job training, intervention and an environment of acceptance and inclusion.
Mylswamy Annadurai joins the Board of SS Innovations
SS Innovations, India’s home-grown surgical robotic firm has announced the on-boarding of Padmashri Dr. Mylswamy Annadurai, popularly known as the Moon Man of India as a Director on its Board of Directors in both the Indian entity, SS Innovations Private Limited as well as in the global entity, SS Innovations International.
- SSI MANTRA, the first and indigenously developed surgical robotic system and the brain child of Dr. Sudhir Prem Srivastava is second to none on features, usage, technology and stands on par with international surgical robotic systems, as per the statement from the company.
Tamil Nadu’s Salem Sago gets GI tag
Salem Sago, the wet starch powder extracted from Tapioca roots in Salem district, Tamil Nadu, now proudly bears a GI (Geographical Indication) tag.
- Salem district in the state of Tamil Nadu has gained acclaim for its sago production, which is widely recognized as Sabudana.
- In India, a total of 490 products received the GI tag. In Tamil Nadu, 59 products got the GI tag