Daily Current Affairs August 14

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs August 14. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

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August 14| Daily Current Affairs 2023

Important Days – Daily Current Affairs August 14

1. When International Left-Handers Day is celebrated each year?
A) August 10
B) August 11
C) August 12
D) August 13
E) August 14
Answer: D) August 13

• International Lefthanders Day is celebrated annually on August 13 every year.
• International Left-Handers Day was first observed in 1976, initiated by Dean R. Campbell, founder of the Left-Handers Club.
• This day was established to raise awareness about the challenges and experiences faced by left-handed individuals in a predominantly right-handed world.
• The focus of International Left-Handers Day 2023 centres around the theme of “Left-Handers in Sports.”

World Organ Donation Day

• World Organ Donation Day is a global event that is observed every year on 13 August.
• It is a day to raise awareness about the necessity of organ donation.
• Theme is “Step up to volunteer; need more organ donors to fill the lacunae”.
• World Organ Donation Day was initially commemorated in 2005 in collaboration between the World Health Organization (WHO) and the International Society for Organ Donation (ISOD).

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Sports – Daily Current Affairs August 14

2. Which England fast bowler recently announced his retirement from all forms of cricket?
A) James Anderson
B) Stuart Broad
C) Chris Woakes
D) Jofra Archer
E) Steven Finn
Answer: E) Steven Finn

• England bowler Steven Finn retires from all forms of cricket
• Finn has had a decent career with England, having featured in 36 Tests, 69 One-Day Internationals and 21 T20 Internationals.
• Making his debut in 2010, he grabbed 14 wickets during the 2010-11 Ashes, which his side famously won 3-1 in Australia.
• He showed his wares early in his career, returning 14 wickets in England’s win in the men’s Ashes of 2010-11.
• He also picked up 12 wickets – the second-most for England – in the 2015 Ashes that they won. Overall, he finished with 125 wickets in Tests, 102 in ODIs and 27 in T20Is.

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Banking and Finance – Daily Current Affairs August 14

3. The pension regulator PFRDA, in collaboration with which capital market regulator, has introduced the option for NPS subscribers to view their pension fund corpus alongside their demat securities and mutual fund holdings using a single consolidated account statement (CAS)?
A) RBI (Reserve Bank of India)
B) IRDAI (Insurance Regulatory and Development Authority of India)
C) SEBI (Securities and Exchange Board of India)
D) AMFI (Association of Mutual Funds in India)
E) CCI (Competition Commission of India)
Answer: C) SEBI (Securities and Exchange Board of India)

• Pension regulator PFRDA in coordination with capital market regulator SEBI has enabled the NPS subscribers to view their pension fund corpus along with their demat securities and MF holdings under a single consolidated account statement (CAS).
• This functionality that will benefit over 1.35 crore NPS subscribers, is expected to provide a simplified and secured way to stay informed on NPS investments through CAS.
• Currently, CAS, which is provided by National Securities Depository Ltd and Central Depository Services Ltd, offers a consolidated view of personal investments in the securities market with updated mark-to-market values.
• Till date, nearly 50,000 NPS subscribers have already evinced interest and provided their consent to avail the facility of viewing their NPS corpus under CAS

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4. The National Payments Corporation of India (NPCI) has initiated the third edition of the UPI Safety Awareness Campaign named:
A) UPI Secure
B) UPI Guard
C) UPI Vigilance
D) UPI Alert
E) UPI Chalega
Answer: E) UPI Chalega

• National Payments Corporation of India (NPCI) has launched the third edition of the UPI Safety Awareness Campaign, “UPI Chalega,” in collaboration with key players in the payments ecosystem.
• The campaign aims to promote UPI as an easy, safe, and instant mode of payment.
• It also educates users about various features such as UPI LITE, that enables swift low value transactions, UPI AUTOPAY, which allows secure and convenient recurring payments using any UPI application, and UPI Interoperability, which facilitates seamless money transfers between all UPI-enabled applications.
• Over the years, UPI has revolutionized digital payments, witnessing a phenomenal increase in both transaction value and volume.
• The UPI Chalega campaign was launched in 2020 under the guidance of the Financial Literacy Advisory Committee (FLAC).
• UPI Chalega Campaign 1.0 and 2.0 played a crucial role in expanding UPI’s outreach, educating users about its safety, and enhancing its ease of use for various transactions, making it the preferred choice for payments.
• UPI Chalega 3.0 continues its mission to drive UPI adoption and safe usage through engaging initiatives.

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5. IIITD-IC has collaborated with which bank to enhance the growth of Indian startups?
A) HDFC Bank
B) ICICI Bank
C) Axis Bank
D) YES BANK
E) State Bank of India
Answer: D) YES BANK

• Indraprastha Institute of Information Technology Delhi (IIIT-Delhi) Innovation and Incubation Centre (IIITD-IC), a section eight company promoted by the IIITD, has signed a Memorandum of Understanding (MoU) with YES BANK.
• The partnership aims to enable IIITD-IC to strengthen its mentoring initiatives for startups, gain access to experts across the industry, as well as identify newer investment and funding opportunities that can benefit startups
• In this collaboration, YES BANK aims to provide banking services to startups in the developmental phase at IIITD-IC through the Bank’s specialised YES HeadStartup programme.
• This programme is tailored to meet the needs of startups, providing them with a versatile and flexible range of benefits.
• These offerings encompass a salary account solution designed for startups with as few as five employees, a versatile credit card limit that can be used for both business and personal expenses, along with the added advantage of an API Sandbox facility

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Business and Economy – Daily Current Affairs August 14

6. In the month of July, what was the rate of wholesale inflation in India, which remained negative for the fourth consecutive month?
A) 0.25%
B) -0.50%
C) -1.00%
D) -1.36%
E) -2.00%
Answer: D) -1.36%

• The wholesale price-based inflation remained in the negative territory for the fourth straight month in July at (-)1.36 per cent on easing prices of fuel, even though food articles turned costlier.
• The wholesale price index (WPI) based inflation rate has been in the negative since April and was (-)4.12 per cent in June. In July last year, it was 14.07 per cent.
• Inflation in food articles skyrocketed 14.25 per cent in July against 1.32 per cent in June.
• Fuel and power basket inflation eased to (-)12.79 per cent in July from (-)12.63 per cent in June.
• In manufactured products, the inflation rate was (-)2.51 per cent as against (-)2.71 per cent in June.
• The RBI raised its inflation forecast for FY24 to 5.4 per cent from 5.1 per cent earlier, citing pressures from food prices.
• India’s consumer price index (CPI)-based inflation rose sharply to 7.44 per cent in July, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI).
• This is considerably higher than 4.87 per cent in June.
• In July last year, the CPI inflation was at 6.71 per cent
• This is the highest retail inflation since April 2022 when it was recorded at 7.79 per cent.

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Appointments – Daily Current Affairs August 14

7. Who has been appointed as the Managing Director of Life Insurance Corporation of India (LIC) by the Centre, and was previously serving as the Executive Director of LIC?
A) R. Narayanan
B) S. Venkataraman
C) R. Doraiswamy
D) K. Srinivasan
E) A. Gopalan
Answer: C) R. Doraiswamy

• Centre has appointed R Doraiswamy, Executive Director, Life Insurance Corporation of India (LIC) as Managing Director of the insurance behemoth.
• Doraiswamy will replace Ipe Mini, who is currently an MD of LIC and is due to superannuate at the end of this month.
• Doraiswamy has been appointed from the date of assumption of charge of office on or after September 1, 2023 and upto the date of his superannuation (August 31, 2026) or until further orders, whichever is earlier
• Currently, LIC has four Managing Directors — Mini Ipe, M Jagannath, Tablesh Pandey, and Sat Pal Bhanoo. The Centre had appointed Bhanoo as MD of LIC last month.

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Awards – Daily Current Affairs August 14

8. Farmers Fresh Zone (Farmers FZ), a start-up based in Kochi, was chosen by the Food and Agriculture Organization of the United Nations for which accelerator program?
A) AgriTech Innovate
B) Sustainable Growth Initiative
C) AgriFutures Accelerator
D) SDG Agrifood accelerator programme
E) Food Security Initiative
Answer: D) SDG Agrifood accelerator programme

• Farmers Fresh Zone (Farmers FZ), a Kochi-based start-up, was one among the 12 agri-food start-ups selected across the world by the Food and Agriculture Organization of the United Nations for the SDG Agrifood accelerator programme.
• For the first time, the UN hosted the SDG Agrifood accelerator programme and Farmer’s Fresh Zone stood out for its unique module and practices which are scalable in any part of the world.
• Farmers Fresh Zone was one of the three start-ups to be part of the panel discussion that happened as part of the event.
• While six were invited to present their unique sustainable development goals (SDGs), a total of 12 were selected for the programme.

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International Affairs – Daily Current Affairs August 14

9. The Indian navy warships INS Sahyadri and INS Kolkata are set to take part in which naval exercise, hosted by the Royal Australian Navy from August 11 to 21, 2023?
A) Exercise Varuna
B) Exercise Malabar
C) Exercise Sea Breeze
D) Exercise Trident
E) Exercise Slinex
Answer: B) Exercise Malabar

• India’s navy warships INS Sahyadri and INS Kolkata will participate in Exercise MALABAR 2023, which is being hosted by the Royal Australian Navy from August 11 to 21.
• Other than India, US Navy (USN), Japan Maritime Self-Defence Force (JMSDF) and the Royal Australian Navy (RAN) are also participating in the exercise
• The MALABAR series of maritime exercises started in 1992 as a bilateral exercise between Indian Navy and US Navy and has grown in stature over the years to include four prominent navies in the Indo-Pacific Region
• The 2020 edition witnessed the maiden participation of the Royal Australian Navy (RAN).
• This year marks the 27th edition of MALABAR which is being hosted by the Royal Australian Navy (RAN)
• MALABAR 2023 is scheduled to be conducted in two phases.
• The Harbour Phase involves wide-ranging activities such as cross-deck visits, professional exchanges, sports fixtures and several interactions for planning and conduct of the Sea Phase.
• The Sea Phase will include various complex and high-intensity exercises in all three domains of warfare, encompassing anti-surface, anti-air and anti-submarine exercises including live weapon firing drills.
• INS Sahyadri is the third ship of the indigenously designed and built Project-17 class multi-role stealth frigates and is presently commanded by CaptRajan Kapoor.
• INS Kolkata is the first ship of the indigenously designed and built Project-15A class destroyers and is commanded by Capt Sharad Sinsunwal. B
• both ships have been built at Mazagon Dock Ltd, Mumbai and are fitted with a state-of-the-art array of weapons and sensors to detect and neutralise threats in surface, air and underwater domains

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National Affairs – Daily Current Affairs August 14

10. The Indian Railway Catering and Tourism Corporation (IRCTC) signed an MoU with which organization to offer QR code-based Delhi Metro Rail Corporation (DMRC) tickets through its platform?
A) Air India
B) Indian Oil Corporation
C) Delhi Transport Corporation (DTC)
D) Delhi Metro Rail Corporation (DMRC)
E) Indian Space Research Organization (ISRO)
Answer: D) Delhi Metro Rail Corporation (DMRC)

• The Indian Railway Catering and Tourism Corporation (IRCTC) signed a memorandum of understanding (MoU) with the Delhi Metro Rail Corporation (DMRC) for providing QR code-based DMRC tickets through the IRCTC platform.
• The initiative would benefit passengers of both the IRCTC and the DMRC by streamlining the travel experience and reducing the time spent in station queues.
• Last week, the DMRC announced an initiative called ‘CarbonLite Metro Travel’ to educate passengers about their significant contribution towards reducing carbon emissions by choosing metro trains instead of road-based motor vehicles.

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11. How many new Heron Mark-2 drones has India recently inducted, which are equipped with long-range missiles and weapon systems for enhanced surveillance?
A) 2
B) 3
C) 4
D) 5
E) 6
Answer: C) 4

• In a mega capability boost, the Indian Air Force has inducted its latest Heron Mark 2 drones, which have strike capability and can carry out surveillance along the borders with both China and Pakistan in a single sortie itself.
• The the Indian Air Force has inducted its latest Heron Mark 2 drones,, which can be equipped with long-range missiles and other weapons systems, have been deployed at a forward air base in the northern sector
• The drones with satellite communication capability have given a long desired capability to the Indian Air Force, as its drones can operate at very long distances for close to 36 hours at a stretch and can also laser illuminate enemy targets from very long ranges to help fighter aircraft destroy them using their long-range weapons.

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12. Which railway division inaugurated the New Amravati station as the first “Pink Station,” fully managed by an all-women staff?
A) Mumbai Division
B) Nagpur Division
C) Pune Division
D) Bhusaval Division
E) Solapur Division
Answer: D) Bhusaval Division

• Central Railway has inaugurated the New Amravati station as the 1st “Pink Station” on the Bhusaval Division and the 3rd station on Central Railway to be fully managed by an all-women staff.
• The achievement of establishing an all-women managed station at New Amravati follows the pioneering examples set by Matunga station on the Mumbai division and Ajni station on the Nagpur division.
• The New Amravati station, which joins the ranks of “Pink Stations,” boasts a staff of 12 women employees who manage its operations.
• This team includes 4 deputy station superintendents, 4 points women, 3 railway protection personnel and 1 station ticket Booking Agent

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13. India’s Defence Ministry has opted to replace the Microsoft Operating System (OS) with a locally built Maya for all its computers that can connect to the Internet. What is unique about Maya?
A) It is developed by Apple Inc.
B) It is a Windows-based OS.
C) It is developed by Microsoft.
D) It is an Ubuntu-based OS.
E) It is a Chrome-based OS.
Answer: D) It is an Ubuntu-based OS.

• India’s Defence Ministry has decided to replace Microsoft Operating System (OS) in all its computers that can connect to the Internet with Maya, an Ubuntu-based OS built locally.
• The new OS is currently being rolled out only in the Defence Ministry computers, and not the three Services.
• Maya has been developed by Indian government agencies within six months, and it is aimed at preventing malware attacks by cybercriminals who are increasingly targeting critical infrastructure and government agencies.
• The new OS will be backed by a protection system called Chakravyuh. This end point system is also being deployed in the computers that have Maya installed.
• Windows is a commercial software sold by Microsoft for a license fee. It is the most widely used OS, and it is easy to install and run. Devices powered by Microsoft’s OS run on the Windows NT kernel. A kernel is the core of an operating system. It runs on a computer’s Random Access Memory (RAM) and gives the device instructions on how to perform specific tasks.
• Maya OS is not the first locally developed operating system — Bharat Operating System Solutions (BOSS) is an existing Linux-based operating system that has been in development for over 16 years and previously tested by the Army.
• This indigenous OS was developed by Centre for Development of Advanced Computing (C-DAC) and the National Resource Centre for Free and Open Source Software (NRCFOSS). The latest version, BOSS 9.0 — codenamed Urja — was released on February 19, 2021.

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Over All Review

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