Daily Current Affairs August 31

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 31. 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.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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August 31| Daily Current Affairs 2023

Important Days – Daily Current Affairs August 31

1. When will Sanskrit Diwas 2023 be celebrated?
A) 15 August 2023
B) 25 August 2023
C) 31 August 2023
D) 5 September 2023
E) 10 September 2023
Answer: C) 31 August 2023

• World Sanskrit Day, also known as International Sanskrit Day, Sanskrit Diwas, and VishwaSamskritaDinam is observed on ShravanaPoornima (full moon).
• This year, Sanskrit Diwas falls on 31 August.
• The day is celebrated to create awareness and promote one of the ancient and oldest Indian languages known as Sanskrit.
• The history of World Sanskrit Day dates back to the year 1969, when Indian Government declared to celebrate the World Sanskrit Day to commemorate the great work of Pāṇini in the field of Sanskrit language and linguistics
• Sanskrit language is divided into two parts which is Vedic and classical

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Sports – Daily Current Affairs August 31

2. Which chess team won the World Rapid Team World Championship held at the Düsseldorf Rheinterrassen?
A) WR Chess team
B) Black Knights Chess team
C) White Rooks Chess team
D) Royal Pawns Chess team
E) Grandmasters United Chess team
Answer: A) WR Chess team

1st edition FIDE World Rapid Team World Championship

• Held in: Dusseldorf, Germany
• Gold: WR Chess team
• Sliver: Team Freedom
• Bronze: MGD1

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3. Which two housing finance companies have entered into a co-lending partnership for affordable housing projects?
A) Agrim Housing Finance (AHF) and Vivid Housing Finance (VHF)
B) Vastu Housing Finance Corporation (VHFC) and Apex Housing Finance (AHF)
C) Agrim Housing Finance (AHF) and Vastu Housing Finance Corporation (VHFC)
D) Affordable Housing Finance (AHF) and Urban Housing Finance (UHF)
E) Vastu Housing Finance Corporation (VHFC) and Prosper Housing Finance (PHF)
Answer: C) Agrim Housing Finance (AHF) and Vastu Housing Finance Corporation (VHFC)

• Agrim Housing Finance (AHF) and Vastu Housing Finance Corporation (VHFC) have entered into a co-lending partnership for affordable housing projects.
• The co-lending framework will combine the strengths of both non-banking financial companies (NBFCs) and banks

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Banking and Finance – Daily Current Affairs August 31

4. What regulatory body has reconstituted its alternative investment policy advisory committee to advise on issues related to the development of the AIF (Alternative Investment Fund) space?
A) Reserve Bank of India (RBI)
B) Securities and Exchange Board of India (SEBI)
C) National Stock Exchange of India (NSE)
D) Insurance Regulatory and Development Authority of India (IRDAI)
E) Forward Markets Commission (FMC)
Answer: B) Securities and Exchange Board of India (SEBI)

• Markets regulator Securities and Exchange Board of India has reconstituted its alternative investment policy advisory committee that advises it on a range of issues impacting further development of the AIF space
• The committee — constituted in March 2015 and had 20 members when it was last rejigged by the regulator in February 2022 — has now 25 members.
• Chaired by Infosys co-founder N R Narayana Murthy, the committee has submitted three reports on the AIF (Alternative Investment Fund) industry.
• Apart from Murthy, the committee includes members from Sebi, the Ministry of Finance, AIF players, and industry associations.
• Recently, Sebi replaced RenukaRamnath, who was chairperson of the Indian Private Equity and Venture Capital Association (IVCA), from the list with the association’s new chairman Karthik Reddy.
• Apart from this, SEBI has added Rajiv Dhar, who was appointed as Managing Director (MD) and CEO of National Investment & Infrastructure Fund (NIIF) in May this year, to the committee.
• At the same time, Prashant Khemka, founder and partner at White Oak Capital Management, and Subramaniam Krishnan, partner at Ernst & Young, among others have been dropped from the list.
• Besides, Gopal Srinivasan, chairman and managing director of TVS Capital Funds; Gopal Jain, co-founder and managing partner at Gaja Capital; Vipul Roongta, managing director and CEO of HDFC Capital Advisors; GautamMehra, Partner at PwC, and MahavirLunawat, Director, Association of Investment Bankers of India (AIBI), continue to be the members of the committee.
• The panel on the committee is mandated to advise Sebi on any hurdles that might hinder the development of the alternative investment industry and any other item relevant to the segment as well as the development of the startup ecosystem in India.

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5. Which insurance company has launched an innovative income plan named ICICI Pru GIFT Pro?
A) LIC (Life Insurance Corporation of India)
B) HDFC Life Insurance
C) SBI Life Insurance
D) ICICI Prudential Life Insurance
E) Max Life Insurance
Answer: D) ICICI Prudential Life Insurance

• ICICI Prudential Life Insurance has launched an innovative income plan, ICICI Pru GIFT Pro, which provides customers the option to receive either a year-on-year increasing income or a constant regular income.
• In addition, the life cover component of this non-participating savings product ensures the family has financial security.
• His feature-packed product provides customers with a comprehensive long-term financial savings solution.
• ICICI Pru GIFT Pro provides a range of premium payment terms from 5 to 12 years, letting customers save as per their convenience and goal timeline.

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6. Which company has entered the stock broking business with the launch of a new mobile application called ‘Share(dot)Market’?
A) Zerodha
B) Angel Broking
C) HDFC Securities
D) PhonePe
E) Upstox
Answer: D) PhonePe

• PhonePe announced its foray into stock broking with launch of new platform Share (dot)Market.
• Share(dot)Market elevates discount broking by providing market intelligence, quantitative research-based WealthBaskets, a scalable technology platform, and great customer experience for investors and traders alike.
• This platform is being launched under its subsidiary PhonePe Wealth Broking Pvt. Ltd.
• Share(dot)Market is available as a mobile app and a dedicated web platform, enabling retail investors to Buy Stocks, do Intra Day trades, buy Curated WealthBaskets and Mutual funds.
• Share(dot)Market will provide a wide spectrum of investment products allowing investors across different demographics to build a well-rounded and balanced portfolio.
• Share(dot)Market offers stocks (intraday and delivery), Mutual Funds, Exchange-Traded Funds (ETFs), and WealthBaskets.
• In 2022, PhonePe acquired two wealthtech platforms, WealthDesk and OpenQ, valued together at $70 million.
• Earlier this year, global private equity firm General Atlantic announced that it had injected an additional $100 million ( ₹820 crore) into PhonePe, the digital payments company owned by Walmart Inc.

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7. Who has Ashok Leyland partnered with for vehicle financing?
A) HDFC Bank
B) ICICI Bank
C) Axis Bank
D) CSB Bank Ltd
E) State Bank of India
Answer: D) CSB Bank Ltd

• Commercial vehicle maker Ashok Leyland has partnered with CSB Bank Ltd for offering vehicle financing solutions to its customers.
• The two companies have signed a Memorandum of Understanding and the partnership will enable them to offer customised financial solutions to the automaker’s customers

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8. How much funding has the ADB approved for passenger safety projects in Hyderabad?
A) Rs.1.32 crore
B) Rs.2.32 crore
C) Rs.3.32 crore
D) Rs.4.32 crore
E) Rs.5.32 crore
Answer: C) Rs.3.32 crore

• The Asian Development Bank(ADB) has granted Rs.3.32 crore to a team of technology experts from BITS Hyderabad, IIT Bombay, and IIT Kharagpur for passenger safety projects in Hyderabad.
• BITS Hyderabad, IIT Bombay, and IIT Kharagpur experts, led by Prof.PrasantaSahu, were working on developing technology solutions to improve last-mile security for metro rail and public transit passengers under the guidance of HMRL MD NVS Reddy.

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Appointments – Daily Current Affairs August 31

9. Who has been appointed as the first woman CEO and Chairperson of the Railway Board?
A) Priya Gupta
B) Jaya Verma Sinha
C) Rekha Sharma
D) Neha Kapoor
E) Pooja Patel
Answer: B) Jaya Verma Sinha

• The Appointments Committee of the Cabinet (ACC) has approved the appointment of Smt. Jaya Verma Sinha, Indian Railway Management Services (IRMS), Member (Operations &Business Development), Railway Board to the post of Chairman and Chief Executive Officer (CEO), Railway Board in thn Apex scale [Pay Level -17 as per 7th CPC] for a period w.e.f. the date of assumption of charge on or after 01.09.2023 till the date of her superannuation and her re-employment on the post w.e.f. 01.09.2023 till 31.08.2024 on usual terms and conditions, or until further orders, whichever is earlier
• She is first woman CEO and chairperson of Railway Board
• She succeeds Anil Kumar Lahoti.
• The appointment of Jaya Varma Sinha will be effective from 1 September till her superannuation.
• An Alumnus of the Allahabad University, Sinha joined the Indian Railway Traffic Service in 1988 and worked in Northern Railway, South-East Railway and Eastern Railway.
• She also worked as Railway Advisor in the High Commission of India, Dhaka, Bangladesh for four years.
• The Maitree Express from Kolkata to Dhaka was inaugurated during her tenure in Bangladesh.
• She also worked as the Divisional Railway Manager, Eastern Railway, Sealdah Division.

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10. Who has been appointed as a member of the international mediator panel of SIMC?
A) N.V. Ramana
B) RanjanGogoi
C) Sharad Arvind Bobde
D) Dipak Misra
E) T.S. Thakur
Answer: A) N.V. Ramana

• Former Chief Justice of India (CJI) NV Ramana has been appointed as a member of the prestigious International Mediator Panel of Singapore International Mediation Centre (SIMC).
• A letter of appointment was presented to him by George Lim, Chairman of SIMC in Singapore.
• Justice Ramana took part in the ‘Singapore Convention Week’, the annual convention organised by Singapore’s Ministry of Law, United Nations Commission on International Trade Law (UNCITRAL) and over 20 partner organisations.
• Justice Ramana also met the representatives of SIMC and of four top Indian Multi National Companies (MNCs).

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11. Who has been appointed to the IOC Olympic Solidarity Commission?
A) Thomas Bach
B) Sebastian Coe
C) TayyabIkram
D) NarinderBatra
E) Marisol Casado
Answer: C) TayyabIkram

• International Hockey Federation (FIH) President, TayyabIkram, has been appointed by the International Olympic Committee’s President, Thomas Bach,to the IOC Olympic Solidarity Commission
• The Olympic Solidarity Commission is responsible for defining the main courses of action and managing the activities of Olympic Solidarity

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Awards – Daily Current Affairs August 31

12. Who has been crowned Miss Earth India 2023?
A) PriyanSain
B) Aishwarya Rai
C) Sushmita Sen
D) Priyanka Chopra
E) Lara Dutta
Answer: A) PriyanSain

• The new Miss Earth India 2023, PriyanSain clinched the title of Miss Earth India 2023 during the Miss Divine Beauty 2023 national final held in New Delhi.
• The 20-year-old student, dancer, and taekwondo player from Jaipur, Rajasthan succeeds last year’s winner VanshikaParmar
• PraveenaAanjna was named Miss International India 2023 while Pema ChodenBhutia and TejaswiniShrivastava were both announced as runners-up.
• The Miss India 2023 pageant was held at the Jawaharlal Nehru Stadium in Delhi

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Science and Technology – Daily Current Affairs August 31

13. Which French company has partnered with the Indian Institute of Technology Madras (IIT Madras) for exploring opportunities in various domains of energy research?
A) TotalEnergies
B) Engie
C) EDF (Électricité de France)
D) Technip Energies
E) Schneider Electric
Answer: D) Technip Energies

• Technip Energies, a French engineering and technology company focussed on energy transition, has entered into a partnership with the Indian Institute of Technology Madras (IIT Madras) to explore opportunities under various domains of energy research.
• The research collaboration will explore solutions for shaping a sustainable and low-carbon future both for India and the world.
• An MoU to this effect was signed by Davendra Kumar, MD, Technip Energies India, and Manu Santhanam, Dean – Industrial Consultancy and Sponsored Research at IIT Madras in an event held at IIT Madras.
• The Energy Consortium is an initiative to foster collaboration between industry, academia, and government in accelerating the development of technologies crucial for the transition towards a sustainable, low-carbon future.
• Its focus areas include resilient energy systems, energy storage, carbon capture, storage, and utilization, green hydrogen, energy efficiency, and economics.
• The release also said RamasubramanianArunachalam, AVP – Process at Technip Energies, has been appointed to the industry advisory board of the Energy Consortium.
• The founding members of the Energy Consortium include Shell, Baker Hughes, FLSmidth, Aditya Birla, Cummins, Chevron Tech Ventures, Infosys, and Chennai Petroleum Corporation Ltd (CPCL).

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National Affairs – Daily Current Affairs August 31

14. What is the event called that India will be hosting in October?
A) Global AI Summit
B) IndiaAI Expo
C) International Tech Conference
D) Global IndiaAI 2023
E) AI Innovation Symposium
Answer: D) Global IndiaAI 2023

• The Ministry of Electronics and Information Technology (MeitY) will be organising the Global IndiaAI 2023, scheduled for October with participation from leading AI players, researchers, start-ups and investors in India and worldwide.
• The conference is poised to cover a wide spectrum of topics, including next generation learning and foundational AI models, AI’s applications in healthcare, governance, and next-gen electric vehicles (EVs), future AI research trends, AI computing systems, investment opportunities, and nurturing AI talent
• Chandrasekhar chairs the conference’s steering committee which is entrusted with the task of shaping the contours of the Global IndiaAI 2023.

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15. What is the name of the airport that was inaugurated by Szhri Jyotiraditya M Scindia and Gen. Vijay Kumar Singh (Rtd.)?
A) Udaipur Airport
B) Utkela Airport
C) Udupi Airport
D) Uttarakhand Airport
E) Ujjain Airport
Answer: B) Utkela Airport

• Minister of Civil Aviation, Shri Jyotiraditya M Scindia along with Gen. Vijay Kumar Singh (Rtd.) MoS, Ministry of Civil Aviation inaugurated Utkela Airport and a direct flight between Utkela and Bhubaneshwar
• Utkela airport is owned by the Government of Odisha.
• It has been developed as a regional airport under the UDAN scheme of the Ministry of Civil Aviation, Government of India at a cost of Rs. 31.07 Cr.
• Utkela airport has a runway of length 917 meters. (2,995 ft.) with a width of 30 meters. With the addition of Utkela Airport, Odisha will now have five airports.
• The newly inaugurated Utkela – Bhubaneshwar – Utkela flight route will enhance regional air connectivity and play an important role in the economic development of the region.
• IndiaOne, will be running the flights on this route from 31st August onwards.
• The operator will be utilizing 9-seater Cessna C-208 aircraft sanctioned under the UDAN scheme.

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16. Between which two entities was a Memorandum of Understanding (MoU) signed?
A) Ministry of Defence and Department of Ex-Servicemen Welfare
B) Directorate General Resettlement (DGR) and Ministry of Defence
C) M/s Genpact India Private Limited and Ministry of Defence
D) Directorate General Resettlement (DGR) and M/s Genpact India Private Limited
E) Department of Ex-Servicemen Welfare and M/s Genpact India Private Limited
Answer: D) Directorate General Resettlement (DGR) and M/s Genpact India Private Limited

• A Memorandum of Understanding (MoU) was signed between Directorate General Resettlement (DGR) under Department of Ex-Servicemen Welfare, Ministry of Defence and M/s Genpact India Private Limited in New Delhi.
• The MoU between DGR and Corporates endeavors to bring the corporate companies and Ex-Servicemen on a common platform to generate employment opportunities for the esteemed Ex-Servicemen of the Defence Services.

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17. Who inaugurated three Solar Demonstration Projects in Uganda, Comoros, and Mali?
A) Prime Minister of India
B) President of Uganda
C) Union Power and NRE Minister and International Solar Alliance President
D) Minister of Foreign Affairs of Mali
E) President of Comoros
Answer: C) Union Power and NRE Minister and International Solar Alliance President

• The International Solar Alliance (ISA) hosted its 5th regional meeting in Kigali, Rwanda supported by the Government of Rwanda, with 36 countries and Ministers of 15 countries participating.
• At the meeting, the President, International Solar Alliance and Union Minister for Power and New & Renewable Energy, Government of India, Shri R. K. Singh, who joined the meeting virtually from New Delhi, inaugurated three solar power demonstration projects in the Republic of Uganda, the Union of Comoros and the Republic of Mali.
• Through grants given by the International Solar Alliance, solarization of a rural healthcare centre and three primary schools, with a capacity of 8.5 kilo-watt peak and a 17.2 kilo-watt hour battery storage system, has been commissioned in Uganda at a cost of USD 48,835.
• Similarly in Comoros, solarization of two rural healthcare centres in Banguoikouni and Ivembeni, with a capacity of 15 kilo-watt peak and a 33 kilo-watt hour battery storage system, has been completed at a total cost of USD 49,999.
• Solarization of three rural healthcare centres in Koula, Sinzani, and Doumba, of the Republic of Mali, with a capacity of 13 kilo-watt peak and a 43 kilo-watt hour battery storage, has been done at a total cost of USD 49,995.

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18. Who, along with Villgro, has announced the selected incubators for the National Incubator Capacity Development Program?
A) NITI Aayog
B) Ministry of Finance
C) Ministry of Commerce and Industry
D) Department for Promotion of Industry and Internal Trade (DPIIT)
E) Ministry of Small and Medium Enterprises
Answer: D) Department for Promotion of Industry and Internal Trade (DPIIT)

• The National Incubator Capacity Development Program, by the Department for Promotion of Industry and Internal Trade (DPIIT) has announced the selection of the Top-25 incubators that will go through an intensive 3-month mentorship, advisory, and capacity-building program.
• The initiative, in association with Villgro, is part of the Start-up India campaign.
• It is dedicated to nurturing social startups and entrepreneurs and propelling the rapid expansion of India’s thriving startup ecosystem.
• The program, over a period of 12 weeks, adopts a cohort-based hybrid approach to enhance the skills and abilities of the incubators. It includes a comprehensive set of self-learning modules, virtual and physical boot camps, exposure visits, and customized learning for incubator heads and sessions dedicated to efficiently managing the Startup India Seed Fund Scheme (SISFS).

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