Daily Current Affairs August 29

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August 29| Daily Current Affairs 2023

Important Days – Daily Current Affairs August 29

1. When is National Sports Day observed in India?
A) January 26
B) August 15
C) August 29
D) October 2
E) December 25
Answer: C) August 29

• Every year on August 29, India observes National Sports Day, commemorating the birthday of Major Dhyan Chand, an esteemed field hockey player considered one of the finest in history(Major Dhyan Chand’s 118th birth anniversary)
• The recognition of this day was established in 2012, with the inaugural celebration occurring on August 29, 2012.
• August 29 was selected for this occasion to pay tribute to the eminent Indian hockey player, Major Dhyan Chand, who was born on the same date in 1905.
• The theme for this year’s National Sports Day celebration is “Sports are an enabler to an inclusive and fit society”.
• A 35 paise commemorative stamp issued on December 3, 1980, to commemorate the first death anniversary of Dhyan Chand on November 27, 1980.

International Day Against Nuclear Tests

• The International Day Against Nuclear Tests is commemorated annually on August 29 worldwide, with the objective of increasing awareness regarding the consequences of nuclear weapon test explosions.
• Nuclear weapons testing commenced on July 16, 1945, with the Trinty test where physicist J. Robert Oppenheimer played the leading role. Over 2,000 tests have been conducted since then. United Nations report says India’s Prime Minister Jawaharlal Nehru was the first statesman to call for a “stand still” agreement on nuclear testing on April 2, 1954.
• On December 2, 2009, the UN General Assembly designated August 29 as the International Day against Nuclear Tests to raise awareness about nuclear explosions’ effects and the need for a world free of nuclear weapons.
• The resolution was initiated by the Republic of Kazakhstan, together with a large number of sponsors and cosponsors with a view to commemorating the closure of the Semipalatinsk Nuclear Test site on August 29, 1991.
• Since 2010, this day has been marked globally with activities such as conferences, exhibits, lectures, and media broadcasts, emphasizing the dangers of nuclear testing.
• India conducted two underground nuclear tests named “Shakti (Power) ’98” on May 11 and 13, 1998, at the Pokhran, Rajasthan testing site following its earlier test in 1974.

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Banking and Finance – Daily Current Affairs August 28

2. Which fintech has teamed up with Yes Bank for next-gen corporate credit card?
A) Paytm
B) Zaggle
C) PhonePe
D) Google Pay
E) Amazon Pay
Answer: B) Zaggle

• Yes Bank launched co-branded Corporate Credit Card in collaboration with spend management platform Zaggle, to empower businesses to reimagine their payment processes, streamline reconciliation, and efficiently manage company expenditures.
• The new card ‘YES BANK Zaggle Corporate Credit Card’, provides businesses direct control over company expenditures. This includes the ability to set individual spending limits, apply merchant category restrictions, and implement diverse controls.
• Additionally, cardholders gain access to an array of exclusive benefits, spanning rewards, golf privileges, lounge access, and travel insurance.
• The card will empower businesses to bring in greater cost efficiencies by facilitating an integration with Zaggle’sZatiX, a spend management and analytics platform, thereby allowing corporates to optimise cash outflows.

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3. What is “Kadi,” recently launched by Proxgy, an innovative IoT solutions company?
A) A smartwatch for fitness tracking
B) A mobile application for online shopping
C) A wearable device for medical monitoring
D) A UPI watch for hawkers and street vendors
E) A virtual reality headset for gaming
Answer: D) A UPI watch for hawkers and street vendors

• Proxgy, an innovative IoT solutions company, has launched Kadi, a UPI watch for hawkers and street vendors who work in less formal settings, often without electricity or even shelf space.
• Priced under Rs 1,000,Kadi promises to take digital transactions to far-flung and remote areas.
• Moreover, the watch uses a patent-pending display settlement process running on 4G NB-IoT technology for real-time payment alerts. This enables one-to-one mapping of a merchant to their preferred fintech or bank for higher transaction throughput. It also comes with added features such as health tracking and daily insurance at Rs 1

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4. Bandhan Bank has been appointed by the Reserve Bank of India (RBI) to serve as an authorized pension disbursement bank on behalf of which government entity?
A) Central Board of Direct Taxes (CBDT)
B) Ministry of Home Affairs
C) Ministry of External Affairs
D) Central Pension Accounting Office (CPAO), Ministry of Finance
E) Employees’ Provident Fund Organisation (EPFO)
Answer: D) Central Pension Accounting Office (CPAO), Ministry of Finance

• Bandhan Bank has been appointed by the Reserve Bank of India (RBI) as an authorised pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO), Ministry of Finance, for civil pensioners.
• The Bank will soon be integrating with the office of the CPAO to operationalise the disbursement process.
• Authorisation entitles the Bank to disburse pensions to the Central Government employees in Civil Ministries and Departments (other than Railways, Posts, and Defence), the National Capital Territory of Delhi, Union Territory Administrations without legislatures, retired Judges of the High Courts and the Supreme Court, and All India Service Officers.
• This Scheme also covers the payment of pensions to former Members of Parliament and the payment of pensions and other amenities to former Presidents and Vice Presidents of India.

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5. Axis Bank recently introduced which type of savings account that offers zero domestic transaction fees?
A) Platinum Savings Account
B) Premium Savings Account
C) Infinity Savings Account
D) Elite Savings Account
E) Zero-Fee Savings Account
Answer: C) Infinity Savings Account

• Axis Bank, one of the largest private sector banks in India announced the launch of a first-of-its-kind new savings account variant – ‘Infinity Savings Account’ to cater to digitally savvy customers who are frequent adopters of subscription-based models.
• The bank offers two subscription-based flexible plans: Monthly and Annual. The Monthly plan is priced at Rs 150 (inclusive of GST) and requires a minimum subscription period of six months.
• After the initial six months, the plan continues on a 30-day cycle, with Rs 150 deducted every 30 days. The Annual plan is priced at Rs 1,650 (inclusive of GST) and provides Infinity benefits for 360 days. The plan automatically renews after this period.
• Customers will receive 1 per cent cashback on all transactions made using their E Debit Card, along with other debit card-linked benefits such as a Rs 500 Grab Deals voucher on debit card usage within 30 days, 15 per cent off up to Rs 500 at Easy Diner with an Online Rewards Card, and much more

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6. Which bank is going to sell LIC products under bancassurance tie-up?
A) State Bank of India
B) HDFC Bank
C) ICICI Bank
D) Saraswat Cooperative Bank
E) Axis Bank
Answer: D) Saraswat Cooperative Bank

• Life Insurance Corporation of India (LIC) and Mumbai-headquartered Saraswat Cooperative Bank have entered into a partnership under which the bank will sell the insurance major’s products.
• The partnership is part of efforts to increase penetration of life insurance through the bancassurance channel
• The largest urban cooperative bank in the country, Saraswat Cooperative Bank, with a network comprising 294 branches across six States, caters to more than two million customers
• It has insurance products for all segments of society, from annuity, ULIP, term insurance to savings plans. Its close ended guaranteed benefit plan DhanVriddhi, for those aged 90 days to 60 years, is available till September 30.

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Appointments – Daily Current Affairs August 29

7. At Reliance Industries’ 46th annual general meeting (AGM), MukeshAmbani announced his decision to continue in which roles for the next five years?
A) Chief Financial Officer
B) Chief Technology Officer
C) Chairman of the Board
D) Chief Operating Officer
E) Chairman and Managing Director
Answer: E) Chairman and Managing Director

• Reliance Industries head MukeshAmbani announced at the company’s 46th annual general meeting (AGM), that he would continue as the chairman and managing director for the next five years.
• The board of directors of Reliance Industries Limited (RIL) has already recommended the induction of IshaAmbani, Akash Ambani and AnantAmbani into the board as Non-Executive Directors.
• Now for RIL, Akash Ambani has been appointed as the Chairman of the Board of Directors of Reliance Jio in June 2022, company named IshaAmbani as new leader of Reliance Retail in August 2022 and AnantAmbani was named as the head of the conglomerate’s energy business in Aug 2022
• As the Next-Gen takes on a larger role, it was announced that Nita Ambani, Founder-Chairperson of Reliance Foundation, would step down from the board of directors while retaining her position as Chairperson of the Reliance Foundation.
• Reliance Industries Limited chairman MukeshAmbani announced that JioAirFiber will be launched on the auspicious occasion of Ganesh Chaturthi on September 19, 2023.

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Science and Technology – Daily Current Affairs August 29

8. What has GalaxEye, an IIT-Madras incubated space-tech start-up, recently launched?
A) A new satellite communication technology
B) A high-speed drone delivery service
C) A space tourism program
D) A high-resolution aerial drone-based synthetic aperture radar (SAR) system
E) An advanced weather prediction system
Answer: D) A high-resolution aerial drone-based synthetic aperture radar (SAR) system

• GalaxEye, an IIT-Madras incubated space-tech start-up, announced the launch of a high-resolution aerial drone-based synthetic aperture radar (SAR) system, which can perform detailed and high-resolution all-weather imaging even in rainy or cloudy conditions.
• Its in-house data fusion technology will deliver insights and data from space, empowering satellite constellations to conduct all-weather imaging without any of the atmospheric hindrances faced by single-sensor satellites.
• GalaxEye was founded in 2021 by Suyash Singh, DenilChawda, Kishan Thakkar, Pranit Mehta, and Rakshit Bhatt.
• The start-up is working on deploying a satellite constellation with a data fusion based sensor to provide imagery dataset from space. GalaxEye’s data-as-a-service model helps businesses and governments make data-driven decisions based on insights from satellite imagery.
• The drone-based SAR system is said to be the first such technology developed by a private company in India.

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International Affairs – Daily Current Affairs August 29

9. Which two countries recently signed an MoU to enhance cooperation in the field of civil aviation?
A) India and Australia
B) India and United States
C) India and United Kingdom
D) India and New Zealand
E) India and Canada
Answer: D) India and New Zealand

• The Government of India and the Government of New Zealand have signed a Memorandum of Understanding (MoU) to boost cooperation in civil aviation.
• This will cover the scheduling of new routes, code share services, traffic rights and capacity entitlement.
• The MoU was signed by Shri Rajiv Bansal, Secretary, Ministry of Civil Aviation and HE Mr David Pine, the New Zealand High Commissioner in the presence of Shri Jyotiraditya M. Scindia, Minister for Civil Aviation of India and Mr Damien O’ Connor, Minister for Trade and Export Growth, Minister of Agriculture, Minister for Biosecurity, Minister for Land Information, and Minister for Rural Communities of New Zealand.
• An Air Services Agreement was signed between New Zealand and India at Auckland on 1 May 2016.
• According to the MoU, the designated airline(s) of New Zealand may operate any number of services with any type of aircraft, with third and fourth freedom traffic rights to/from six points in India, namely New Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, and Kolkata.

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National Affairs – Daily Current Affairs August 29

10. Who launched the world’s first prototype of the BS 6 Stage II ‘Electrified Flex Fuel Vehicle’ developed by Toyota Kirloskar Motor?
A) Prime Minister Narendra Modi
B) Finance Minister Nirmala Sitharaman
C) Chief Minister of Maharashtra
D) Union Minister for Road Transport and Highways Nitin Gadkari
E) CEO of Toyota Kirloskar Motor
Answer: D) Union Minister for Road Transport and Highways Nitin Gadkari

• Union Minister for Road Transport and Highways Nitin Gadkari launched the world’s first prototype of the BS 6 Stage II ‘Electrified Flex Fuel Vehicle’, developed by Toyota Kirloskar Motor.
• The innovative vehicle is based on the InnovaHycross and is engineered to adhere to India’s stricter emission standards, marking it as the first-ever BS 6 (Stage II) Electrified Flex Fuel Vehicle prototype.
• The ToyotaInnovaHyCross flex-fuel MPV is designed to operate exclusively on ethanol, a plant-derived fuel categorized as E100.
• Additionally, it will incorporate a lithium-ion battery pack capable of providing sufficient power to enable the vehicle to operate in EV mode.
• InnovaHyCross hybrid is equipped with a 2.0-liter 4-cylinder petrol engine generating 181 bhp, providing a fuel efficiency of 23.24 kmpl. This engine is paired with an e-CVT transmission

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11. Who launched the expansion of the state government’s breakfast scheme in Thirukkuvalai, Nagapattinam district?
A) Prime Minister Narendra Modi
B) Tamil Nadu Governor
C) Chief Minister M K Stalin
D) Union Minister of Health
E) District Collector of Nagapattinam
Answer: C) Chief Minister M K Stalin

• Tamil Nadu Chief Minister M K Stalin launched the expansion of the state government’s breakfast scheme at Thirukkuvalai in Nagapattinam district.
• Stalin, who served the breakfast for the children, also joined them for breakfast and interacted with them.
• The scheme was simultaneously implemented by the elected representatives in their constituencies. The Chief Minister had earlier issued orders to expand the scheme to 31,008 government primary schools, across rural and urban areas benefiting about 17 lakh students from classes I to V at a cost of Rs 404.41 crore.
• This is the first of its kind in the country where free breakfast is provided at all primary schools in a state.
• The Chief Minister’s breakfast scheme was first inaugurated on September 15, 2022, on the occasion of former Tamil Nadu chief minister C N Annadurai’s birth anniversary in Madurai.
• In the first phase, the scheme was rolled out in 1,545 in government primary schools in rural and urban areas to benefit 1.14 lakh students from classes 1 to 5.
• During the last financial budget, the state government had set aside Rs 500 crore to expand the breakfast scheme in all the government primary schools in the state.

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12. What is the name of the company that Garden Reach partnered with in Goa to build commercial vessels on the west coast?
A) DEMPO Group
B) Tata Group
C) Reliance Group
D) Adani Group
E) Birla Group
Answer: A) DEMPO Group

• The Garden Reach Shipbuilders and Engineers (GRSE) Ltd, the Kolkata-based premier warship builder and the DEMPO Group, the leading business house of Goa, have signed a Memorandum of Understanding (MoU) to launch a collaboration model to build commercial vessels in three premier shipyards of DEMPO at Goa and Bhavnagar.
• This is GRSE’s maiden attempt to diversify in a big way in commercial shipbuilding to capture a large market share in the construction of commercial vessels, both domestic as well as international.
• Among the many firsts, GRSE took the maiden initiative in the country to make the public-private collaboration model a success story in warship building. Aligning this concept with the emerging commercial shipbuilding market, GRSE is now partnering with M/s V S Dempo Holdings Private Ltd to share their shipbuilding resources with GRSE to build commercial vessels on the West Coast.

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13. Where is the climate change and health hub going to be set up by India and Asian Development Bank?
A) Mumbai
B) Delhi
C) Kolkata
D) Chennai
E) Hyderabad
Answer: B) Delhi

• Having bagged the first WHO Centre for Global Traditional Medicine, to be set up in Gujarat, India is now all set to open a climate change and health hub in the national capital in partnership with the Asian Development Bank (ADB).
• The World Health Organisation (WHO) outpost in Jamnagar will aim to provide leadership on global health matters pertaining to traditional medicine; ensure the quality, safety, efficacy, accessibility, and rational use of traditional medicine; develop norms, standards, and guidelines in relevant technical areas; and develop tools and methodologies for data collection and analytics.
• The new hub for climate change and health will facilitate knowledge sharing, promote partnerships and innovations, and also help countries beyond the G-20, especially developing countries.

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14. Which professional association football league has signed an MoU with the Maharashtra Government to support young players?
A) English Premier League
B) La Liga
C) Bundesliga
D) Serie A
E) Ligue 1
Answer: C) Bundesliga

• The Maharashtra Government has signed a memorandum of understanding (MoU) with Germany’s professional association football league, ‘Bundesliga’, to build a football team for players under the age of 14.
• The agreement was signed by Ranjit Singh Deol, Principal Secretary, Department of School Education and Sports, and Mrs Julia Farr, representative of the Bundesliga, on behalf of the Government of Maharashtra.
• It will help young footballers to develop their skills and potentially compete at a high level.

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15. Which organizations recently signed an MoU to accelerate the achievement of Sustainable Development Goals (SDGs)?
A) NITI Aayog and World Bank
B) NITI Aayog and IMF
C) NITI Aayog and UNICEF
D) NITI Aayog and UNDP
E) NITI Aayog and WHO
Answer: D) NITI Aayog and UNDP

• Reiterating a mutual commitment towards fast-tracking progress towards the Sustainable Development Goals, NITI Aayog and UNDPIndia have signed, a Memorandum of Understanding (MoU) to formalise a framework of cooperation on a range of areas, including SDG localisation, data-driven monitoring, Aspirational Districts and Blocks, among others.
• The MoU was signed in the presence of Shri B. V. R. Subrahmanyam CEO, NITI Aayog by Dr Yogesh Suri, Senior Adviser (SDGs), NITI Aayog, and Ms Shoko Noda, Resident Representative, UNDP India.
• The MoU was signed for a period of five years.
• NITI Aayog is the nodal Institution for coordinating the adoption and monitoring of SDGs at the national and sub-national levels.
• UNDP plays the integrator role in coordinating efforts to fast-track progress on the SDGs within the UN system.

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16. Who launched the National Sports Federations portal on National Sports Day?
A) Shri Narendra Modi
B) Shri Rajnath Singh
C) Shri Anurag Singh Thakur
D) Shri Amit Shah
E) Shri Nitin Gadkari
Answer: C) Shri Anurag Singh Thakur

• On the occasion of National Sports Day 2023, Union Minister for Youth Affairs and Sports Shri Anurag Singh Thakur launched the third edition of the Fit India Quiz, among other initiatives, at an event at the JLN Stadium.
• The event was attended by almost 500 school children from various schools in New Delhi as well as several elite athletes and officials from the MYAS, SAI and the National Sports Federations.
• The Minister also launched an Information booklet on Sports Infrastructure Projects sanctioned under the Khelo India Scheme as well as launched a National Sports Federations portal, while also felicitating the 4x400m men’s relay team, fresh after creating an Asian record at the World Athletics Championships held at Budapest.
• The National Sports Federations portal launched is in line with the Government of India’s vision for Digital India, for ensuring ease of business and good governance.
• It is a unified online portal for the NSFs, which shall be a single window system for processing of annual renewal of recognition of NSFs, elections of National Sports Federations etc.
• The online portal will also be ensuring better coordination among the Department of Sports and the National Sports Federations.
• Similarly, an online application submission and processing portal was launched which will be utilized for handling all the application for creation and upgradation of sports infrastructures and demand for sports equipment under the Khelo India Scheme.
• This portal will be available for grantees, States, UTs for submission of their proposals of financial support through this portal from first September 2023.

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17. Who launched the comic book “Let’s Move Forward” developed by NCERT and UNESCO?
A) Shri Narendra Modi
B) Shri Rajnath Singh
C) Shri Dharmendra Pradhan
D) Shri Amit Shah
E) Shri Nitin Gadkari
Answer: C) Shri Dharmendra Pradhan

• Union Education and Skill Development & Entrepreneurship Minister Shri Dharmendra Pradhan, launched a novel comic book titled “Let’s Move Forward.” The launch event was held, at Kaushal Bhawan, New Delhi.
• Secretary, School Education Education and Literacy, Shri Sanjay Kumar; Secretary, Ministry of Skill Development & Entrepreneurship, Shri Atul Kumar Tiwari; Director, NCERT, Dr. Dinesh Prasad Saklani; officials of the Ministry of Education and UNESCO and students were also present at the event.
• This comic book is a collaborative effort between the National Council of Educational Research and Training (NCERT) and UNESCO New Delhi.
• It signifies a significant stride towards augmenting the goals of the School Health and Wellness Programme (SHWP). The SHWP, initiated under the Ayushman Bharat campaign in April ,2018 by Prime Minister Narendra Modi, is an initiative undertaken by the Ministry of Education and the Ministry of Health and Family Welfare. Its primary objective is to impart health education, prevent diseases, and enhance access to health services through wellness centres within educational institutions.
• The “Let’s Move Forward” comic book is designed to cater to the diverse requirements of adolescents and encapsulates crucial information pertaining to the 11 thematic components of the School Health and Wellness Programme.
• These encompass a comprehensive range of subjects, including emotional well-being, interpersonal relationships, gender equality, nutrition and health, substance abuse prevention, healthy lifestyles, reproductive health, internet safety, and more.
• The comic book imparts life skills essential for fostering responsible and health-conscious behaviour among adolescents.
• This innovative approach serves to not only disseminate health-related knowledge but also facilitate the acquisition of life skills necessary for comprehensive personal development.
• It is accessible in multiple languages, including Hindi, English, Assamese, Bengali, Gujarati, Kannada, Malayalam, Marathi, Odiya, Tamil, and Telugu, to ensure inclusivity across linguistic diversity.
• The “Let’s Move Forward” comic book will be distributed across various educational and health institutions nationwide. Its distribution will encompass State School Education Departments, SCERTs, Colleges of Teacher Education (CTEs), Institutes of Advanced Study in Education (IASEs), District Institutes of Education and Training (DIETs), Block Institutes of Teacher Education (BITEs), and state health departments. Additionally, the comic books will be disseminated to the 29,000 schools affiliated with the CBSE, thereby expanding its outreach.
• An electronic version of the comic book will also be accessible on the Ministry of Education (MoE), NCERT, UNESCO, and DIKSHA websites.

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