Daily Current Affairs September 07

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 September 07. 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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September 07| Daily Current Affairs 2023

Important Days – Daily Current Affairs September 07

1. On which date is the International Day of Clean Air for blue skies designated by the United Nations General Assembly?
A) 7th September
B) 7th June
C) 7th October
D) 7th November
E) 7th December
Answer: A) 7th September

• The International Day of Clean Air for blue skies is designated by the United Nations General Assembly on 7 September to strengthen international cooperation in improving air quality and reducing air pollution.
• The designation was made through the Assembly resolution 74/212, and adopted at that session’s 52nd plenary meeting on 19 December 2019
• The first observance of the International Day was held on 7 September 2020
• The theme chosen for the International Day of Clean Air and Blue Skies this year is “Together for clean air”.

The International Day of Police Cooperation

• The International Day of Police Cooperation is a United Nations observance held annually on September 7
• On December 2022, during its 77th session, the United Nations General Assembly officially designated September 7 as the International Day of Police Cooperation.
• The inaugural observance occurred on September 7, 2023, marking the 100th anniversary of Interpol’s founding.

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Banking and Finance – Daily Current Affairs September 07

2. What recent sponsorship deal has IndusInd Bank entered into with a prominent sports organization?
A) FIFA World Cup
B) Olympic Games
C) International Cricket Council (ICC)
D) Formula 1 Racing
E) Wimbledon Tennis Championship
Answer: C) International Cricket Council (ICC)

• Induslnd Bank has agreed to a multi-year sponsorship deal with the International Cricket Council (ICC).
• The deal is set to be valued at $20-24 million (approximately Rs 160-200 crore).
• The multi-year deal would kick off with the ICC Men’s Cricket World Cup, being held in India.
• Mastercard, MRF tyres, Aramco, Emirates and Booking.com have also signed top-tier sponsorship deals with ICC.
• Mastercard and Induslnd Bank are set to replace fintech platform, BharatPe and edtech platform, BYJU’s as the companies decided to end their association with ICC ahead of the deal’s full tenure.
• Unacademy, MPL and PayTM had also decided to end their association with ICC due to the dearth of private equity funding and the companies deciding to shift focus to profitability.

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3. Which organizations have collaborated to introduce the RuPay prepaid forex card for travelers to the United Arab Emirates (UAE)?
A) Emirates Airlines and Visa
B) Thomas Cook and Mastercard
C) Thomas Cook and NPCI
D) NPCI and UAE Exchange
E) RuPay and Thomas Cook
Answer: C) Thomas Cook and NPCI

• Forex services company Thomas Cook (India) Ltd and the National Payments Corporation of India (NPCI) have launched India’s first RuPay prepaid forex card for Indians travelling to the United Arab Emirates (UAE).
• The product, Thomas Cook RuPay Card, has been launched as a pilot in the UAE with a global rollout planned in a phased manner.
• Its technology will be enabled by CARD91.
• The Reserve Bank of India (RBI) had in June allowed the banks to issue Rupay forex cards.
• For phase one, Thomas Cook’s Forex card will be loaded in UAE Dirhams (AED), offering several use cases in the UAE, including transactions and ATM withdrawals.
• The card will also give a complimentary insurance cover up to Rs 7,50,000.

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4. Which online broking firm has received approval from SEBI to launch its first index fund?
A) Groww
B) Zerodha
C) Upstox
D) Paytm Money
E) None of the above
Answer: A) Groww

• Online broking firm Groww has received approval from the market regulator Securities and Exchange Board of India (SEBI) to launch its first index fund.
• The company will launch the Groww Nifty Total Markets Index Fund through a new fund offering (NFO)
• Groww Mutual Fund got approval for its first NFO — Groww Nifty Total Market Index Fund
• This comes at a time when online stock broking firm Zerodha launched the country’s first passive fund, with its two new schemes Zerodha Tax Saver (ELSS) Nifty Large Midcap 250 Index Fund and Zerodha Nifty Large Midcap 250 Index Fund (ZN250) under its mutual fund business, Zerodha Asset Management Ltd.
• A new fund offer (NFO) is the first subscription offering for any new fund offered by an investment company.
• In 2021, Groww got the approval of the Competition Commission of India (CCI) to acquire Indiabulls Asset Management Company (AMC) and Indiabulls Trustee Company.
• In May, Groww acquired a 100 per cent stake in the mutual fund business of Indiabulls Housing Finance for ₹175.62 crore in an all-cash deal.
• In the same month, SEBI took steps to regulate online investment platforms, including Paytm, Zerodha, and Groww, that facilitate transactions in direct plans for mutual fund schemes referred to as execution-only platforms or EOPs.
• Founded in 2017 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal, Groww offers new ways for stockbroking, equity-linked savings, SIPs, IPOs, ETFs, and direct mutual funds.

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5. Which organizations introduced credit lines on UPI and conversational payments?
A) Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI)
B) Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI)
C) National Payments Corporation of India (NPCI) and Securities and Exchange Board of India (SEBI)
D) Reserve Bank of India (RBI) and State Bank of India (SBI)
E) None of the above
Answer: A) Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI)

• RBI Governor Shaktikanta Das launched new UPI features, developed by National Payments Corporation of India (NPCI).
• The product offerings include Credit Line on UPI; UPI Lite X; Tap & Pay; Hello! UPI; and BillPay Connect.
• The central bank had announced credit lines on UPI to increase access to credit, and promote financial inclusion and innovation through pre-sanctioned credit lines from banks via UPI.
• The initiative has features such as linkage of pre-sanctioned credit lines, creation of digital credit products by banks, establishment of interest-free credit periods and corresponding interest rates, defined schedule of charges, customer engagement channels for credit sanction requests, and the ability to link various pre-sanctioned credit lines via UPI-enabled apps for transactions
• NPCI also launched ‘UPI Lite X’ for offline payments at the Global Fintech Fest 2023, building on the UPI Lite feature, which was launched last year. Users can both send and receive money offline through any compatible device that supports Near Field Communication (NFC).
• Along the same lines, with a view to enhance adoption of QR code and NFC technology, NPCI introduced ‘UPI Tap & Pay’, which will allow customers to tap NFC-enabled QR codes to make payments at merchant locations
• The other big announcement was the launch of conversational UPI and bill payments. ‘Hello! UPI’ the feature for conversational payments on UPI will facilitate voice-enabled payments via UPI applications, telephone calls and IoT devices.
• Currently available in Hindi and English, the feature will soon be made available in other regional languages. Users can give voice commands to transfer funds and input UPI PIN to complete the transaction.
• The ‘BillPay Connect’ feature for conversational bill payments has been introduced by NPCI’s subsidiary Bharat BillPay which will create a nationalsed number for bill payments across India and enable users to fetch and pay their bills by sending a ‘Hi’ on the messaging application.

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6. Which organization implemented an online payment mechanism for its Investor Protection and Education Fund (IPEF)?
A) Securities and Exchange Board of India (SEBI)
B) Reserve Bank of India (RBI)
C) National Payments Corporation of India (NPCI)
D) Investor Protection and Education Fund (IPEF)
E) None of the above
Answer: A) Securities and Exchange Board of India (SEBI)

• Securities and Exchange Board of India (SEBI), capital markets regulator, implemented a online payment mechanism for its Investor Protection and Education Fund (IPEF) 
• The purpose of this move is to streamline the payment process and improve accessibility for all contributors to the fund.
• Intermediaries can now conveniently make payments to IPEF using various online payment methods such as net banking, NEFT/RTGS, debit cards, and UPI.
• This online-only payment system is now mandatory and can be accessed through the “click here to make payment to Sebi IPEF” tab on SEBI’s website.
• The fund is utilised for educational activities such as seminars, training, awareness programs, and supporting investor education initiatives. Additionally, it assists investor associations in legal proceedings related to securities listed or proposed to be listed.
• SEBI was constituted as a non-statutory body on April 12, 1988 through a resolution of the government of India.

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7. What regulatory approval has Old Bridge Capital Management received from SEBI (Securities and Exchange Board of India)?
A) Approval to launch an insurance company
B) Approval to start a new stock exchange
C) Approval to enter the real estate market
D) Approval to launch a cryptocurrency exchange
E) Approval to launch a Mutual Fund business
Answer: E) Approval to launch a Mutual Fund business

• Old Bridge Capital Management (OBCM) , a premier portfolio management firm , announced that it has received the final approval from the Securities and Exchange Board of India (SEBI) to commence its mutual fund operations under Old Bridge Mutual Fund.
• Old Bridge Capital Management Private Limited was incorporated in December, 2015.
• Helios Capital Asset Management (India) Private Ltd is making its foray into the mutual fund space with the filing of a scheme information document (SID) with markets regulator Sebi for an overnight fund.

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8. Which financial institution has partnered with Kinetic Green to provide financing solutions for two-wheeler Electric Vehicles (EVs)?
A) State Bank of India
B) ICICI Bank
C) Axis Bank
D) HDFC Bank
E) Punjab National Bank
Answer: C) Axis Bank

• Kinetic Green Energy and Power Solutions Limited, a leading manufacturer of electric two- and three-wheelers in India said that it had partnered with Axis Bank to offer accessible and cost-effective financing options to its two-wheeler electric vehicle (EV) customers.
• The MoU was signed by Mr. Ritesh Mantri, Co-Founder and Director – Kinetic Green and Mr. Irfan Tamboli, Senior Vice President and Head – Supply Chain Finance, Axis Bank.
• Under this strategic partnership, two-wheeler customers can now avail up to 100% funding for on-road price, which is a best-in-class financing solution specifically designed to make the entire buying process seamless and hassle-free.
• The alliance will offer competitive interest rates with flexible financing tenures that will extend up to 48 months, making the EMI options more affordable.
• Customers can avail these lucrative financial solutions across Axis Bank’s 4500+ pan – India branches and redeem the benefits at Kinetic Green’s extensive network of 300+ two-wheeler dealerships that is spread across 25 states in the country.

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Business and Economy – Daily Current Affairs September 07

9. Which company plans to invest $200 million in establishing Asia’s largest district cooling project in Hyderabad?
A) Tata Motors
B) Tabreed
C) Reliance Industries
D) Adani Group
E) Infosys
Answer: B) Tabreed

• Tabreed, a UAE-based global leader in cooling utilities, has partnered with Telangana government to develop cooling infrastructure for industrial and commercial parks, and will invest $200 million to develop 1,25,000 RT (refrigeration tonne) of cooling infrastructure for the Hyderabad Pharma City.
• Tabreed (National Central Cooling Company) entered into a memorandum of understanding with the Telangana government to facilitate the establishment of the facility.
• Tabreed leadership held discussions in Abu Dhabi with the state government team led by Telangana IT and Industries Minister K T Rama Rao and Jayesh Ranjan (Secretary IT and Industries, Govt of Telangana).
• The project, which is being taken up in a public-private partnership, seeks to provide sustainable long-term cooling services through the cooling-as-a-service model for process cooling and storage requirements of industrial units.
• The first-of-its-kind, ground-breaking initiative will bring multi-fold benefits through integration of highly reliable solutions, superior cost-efficiency, and unprecedented economies of scale, resulting in 6,800 GWh of power savings and 41,600 mega litres of water savings, and paving the way for reduced greenhouse gas emissions by saving 6.2 million tons of CO2 over the project lifetime.
• The Telangana government also signed a memorandum of understanding with Tabreed to explore district cooling infrastructure in existing and upcoming commercial districts of Cyberabad and other mixed-use development areas which offer the potential to reduce over 200 MW of peak electricity demand resulting in CO2 reduction of 18 million tonne over a 30-year period while mitigating heat island effect that will further bolster Hyderabad’s position as one of the best cities to live and work in Asia.

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Acquisitions and Mergers – Daily Current Affairs September 07

10. What percentage of equity stake in RHI Magnesita NV has been approved for acquisition by Ignite Luxembourg Holdings Sà rl by the Competition Commission of India (CCI)?
A) 19.9%
B) 24.9%
C) 29.9%
D) 34.9%
E) 39.9%
Answer: C) 29.9%

• The Competition Commission of India (CCI) has approved the acquisition of up to 29.9 per cent equity stake in RHI Magnesita NV by Ignite Luxembourg Holdings Sà rl.
• The proposed combination leads to an indirect acquisition of RHI Magnesita India Limited (RHIM India) as no shares of the Indian company were purchased.
• Ignite Luxembourg is a newly formed company incorporated in Luxembourg and owned by investment funds that are indirectly sponsored and controlled by Rhône Capital LLC, which is the ultimate parent company.
• Rhône Capital and an affiliate together comprise a private equity investment firm that was founded in 1996 by Robert F Agostinelli and M Steven Langman with offices in New York City, London, and Madrid.

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Science and Technology – Daily Current Affairs September 07

11. Which organization successfully launched the H-IIA rocket carrying Moon lander?
A) Japan Aerospace Exploration Agency (JAXA)
B) National Aeronautics and Space Administration (NASA)
C) European Space Agency (ESA)
D) Russian Space Agency (Roscosmos)
E) None of the above
Answer: A) Japan Aerospace Exploration Agency (JAXA)

• Japan successfully launched its H-IIA rocket carrying the Japan Aerospace Exploration Agency’s (JAXA) Moon lander which is scheduled to land on the Moon early next year.
  H-IIA rocket successfully lifted off from the launch pad at the Tanegashima Space Center in Kagoshima, southern Japan.
• The rocket carried an X-ray telescope called the X-Ray Imaging and Spectroscopy Mission (XRISM), which will study the origins of the universe.
• XRISM will measure the composition and speed of intergalactic space
  This space mission aims to help scientists to understand celestial object formation and the universe’s creation.
• This mission was conducted in collaboration with NASA, and it will involve studying light at various wavelengths, temperature assessments, and analysing the shapes and brightness of celestial objects
• Mitsubishi Heavy Industries was responsible for manufacturing and launching the rocket H-IIA.
• Onboard the rocket is JAXA’s Smart Lander for Investigating Moon (SLIM) spacecraft also known as the “Moon Sniper” for its precision landing technology.
• SLIM is scheduled to land on the Moon early next year.

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12. From which location did the US military recently test-launch the Minuteman III intercontinental ballistic missile?
A) Vandenberg Space Force Base in California
B) Kennedy Space Center in Florida
C) White Sands Missile Range in New Mexico
D) Cape Canaveral Space Launch Complex in Florida
E) Edwards Air Force Base in California
Answer: A) Vandenberg Space Force Base in California

• The US military launched an unarmed ballistic missile to display the readiness and effectiveness of its nuclear weapon system.
• The Minuteman III intercontinental ballistic missile (ICBM) was test-launched from the Air Force base in California
• The purpose of the test launch was to validate and verify the safety, security, effectiveness, and readiness of the nuclear weapon system
• Vandenberg Space Force Base hosts the 576th Flight Test Squadron of Air Force Global Strike Command, serving as the exclusive ICBM test squadron in the United States.

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National Affairs – Daily Current Affairs September 07

13. Which company has collaborated with the Maharashtra government to introduce AG365 drones to farmers in the Buldhana district of Maharashtra?
A) Marut Drones
B) Maharashtra Drones
C) AG365 Drones
D) Buldhana Drones
E) None of the above
Answer: A) Marut Drones

• The Maharashtra government in collaboration with Marut Drones has introduced Marut’s AG365 drones to farmers of the Buldhana district of Maharashtra
• Marut’s AG365S is the first and only drone in Buldhana under the SMAM (Sub-mission On Agriculture Mechanisation) scheme.
• This could potentially lead to improved agricultural practices, increased productivity, and enhanced crop management for the farmers in Buldhana
• The SMAM scheme, which aims to promote and strengthen agricultural mechanisation, is a crucial initiative for modernising agriculture across India.
• By showcasing Marut’s multi-utility AG365S drone to farmers as part of this scheme, the Maharashtra agriculture department is educating and training farmers on the benefits and applications of drone technology.

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14. Which organization has signed a Memorandum of Understanding (MoU) with Airbus to collaborate on the development of a skilled workforce for the transport sector?
A) Indian Space Research Organisation (ISRO)
B) Indian Railways
C) Gati Shakti University
D) Ministry of Health and Family Welfare
E) National Aeronautics and Space Administration (NASA)
Answer: C) Gati Shakti University

• Gati Shakti Vishwavidyalaya and Air Bus signed a Memorandum of Understanding( MoU) in the presence of Union Railway Minister Ashwini Vaishnaw in New Delhi.
• The purpose of a MoU is to develop a strong pipeline of the skilled workforce in the country that will be ready to serve the fastest growing transport sector, including aviation.
• Gati Shakti Vishwavidyalaya is envisioned to be a key enabler for expanding the transportation sector which is strategically critical for India’s economic growth and development.
• The scope of the university will extend beyond the Railways to cover the entire transport sector to support its ambitious growth and modernisation

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15. Which Indian location has recently been designated as the country’s first solar city and is also a World Heritage Site?
A) Jaipur, Rajasthan
B) Varanasi, Uttar Pradesh
C) Sanchi, Madhya Pradesh
D) Agra, Uttar Pradesh
E) Hampi, Karnataka
Answer: C) Sanchi, Madhya Pradesh

• The World Heritage Site Sanchi in Madhya Pradesh’s Raisen district has become India’s first solar city
• It has a capacity of 3 megawatts in Nagauri near Sanchi, which will reduce annual carbon dioxide emissions by 13,747 tonnes.
• This is equivalent to more than 2,38,000 trees.
• Sanchi has become India’s first solar city
• This plant will help Sanchi in annual saving of ₹ 7.68 crore on electricity expenditure.
• The citizens of Sanchi have adopted an idea of solar in every home.

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16. Which two products from Odisha have recently been granted Geographical Indication (GI) tags?
A) Rayagada Shawls and Puri Beach Sand Art
B) Koraput’s Kala Jeera Rice and KapdagandaSarees
C) Bhubaneswar’s Temple Artifacts and Konark’s Sandstone Sculptures
D) Cuttack’s Silver Filigree Jewelry and Balasore’s Sandalwood Crafts
E) Odissi Dance and Jagannath Temple Prasad
Answer: B) Koraput’s Kala Jeera Rice and Kapdaganda Sarees

• A momentous milestone has been reached for the Dongria Kondhs of Rayagadadistrict in Odisha, as their intricately woven shawls, named Kapdaganda Shawls are poised to secure the coveted Geographical Indicator (GI) designation.
• Simultaneously, ‘Koraput Kalajeera Rice’ from Koraput district, renowned as the ‘Prince of Rice,’ has successfully secured Geographical Indications (GI) status.
• Recently, ‘Nayagarh Kanteimundi Brinjal,’ a brinjal species grown in Nayagarh district, had received the GI tag from the Centre.

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17. Where is the Global Fintech Fest (GFF) being held for its physical edition?
A) Singapore
B) London
C) Mumbai
D) New York City
E) Dubai
Answer: C) Mumbai

Global Fintech Fest (GFF)

• Edition: 2nd
• Held in: Jio World Convention Centre, Mumbai
• Date: September 5 – 7, 2023
• The theme of this year’s conference is ‘Global Collaboration for a Responsible Financial Ecosystem: Inclusive | Resilient | Sustainable’.
• GFF 2023 is supported by the Ministry of Electronics and Information Technology (MietY), the Department of Economic Affairs (DEA), Ministry of Finance, the Reserve Bank of India (RBI), and the International Financial Services Centres Authority (IFSCA) and is organized by the Payments Council of India (PCI), Fintech Convergence Council (FCC), and National Payments Corporation of India (NPCI).
• Among the leading international agencies which are partnering with GFF 2023 are the World Bank, the Global Knowledge Partnership on Migration and Development (KNOMAD), the Consultative Group to Assist the Poor (CGAP), and Women’s World Banking. Australia, Brazil, Great Britain, Germany and Israel are the Country Partners of GFF 2023.

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18. What is the main objective of the ‘Savera’ scheme recently launched by Prayagraj police in seven districts of the Prayagraj zone?
A) Providing financial assistance to senior citizens
B) Offering job opportunities for senior citizens
C) Delivering emergency services to senior citizens
D) Promoting tourism for senior citizens
E) Supporting senior citizens in pursuing higher education
Answer: C) Delivering emergency services to senior citizens

• The Prayagraj police have launched the ‘Savera’ scheme that offers services during health and other emergencies to senior citizens in seven districts of the Prayagraj zone.
• The Fatehpur police have taken the lead with over 700 senior citizens having registered themselves in the past three days.
• Under the scheme, police are maintaining a record of people aged 60 and above and are available on call on helpline number 112 for quick response.
• The police personnel are also checking the homes of the elderly to ensure their safety and wellbeing.
• Services under ‘Savera’ scheme include sending beat police personnel to visit seniors to their homes regularly and ask them about their well -being.
• This scheme will considerably reduce the reaction time and help send aid faster because the details of the seniors, such as their names, addresses, and phone numbers would already be there in the records.
• A person aged 60 and above can register for the service online. The information is transmitted to local police station automatically via 112.
• Helpline services, such as 108 for ambulance, 181 for women in distress, and 101 for fire services are integrated with helpline number 112 so that senior citizens registered with Savera scheme can avail of all services.

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19. Which two important summits did the Prime Minister attend in Jakarta, where leaders from ASEANand East Asia nations were present?
A) G7 Summit and BRICS Summit
B) SAARC Summit and SCO Summit
C) ASEAN-India Summit and East Asia Summit (EAS)
D) United Nations General Assembly and NAM Summit
E) Commonwealth Heads of Government Meeting (CHOGM) and APEC Summit
Answer: C) ASEAN-India Summit and East Asia Summit (EAS)

• Prime Minister attended the 20th ASEAN-India Summit and the 18th East Asia Summit (EAS) in Jakarta
• Prime Minister presented a 12-point proposal for strengthening India – ASEAN cooperation covering connectivity, digital transformation, trade and economic engagement, addressing contemporary challenges, people-to-people contacts and deepening strategic engagement
• In addition to India and ASEAN Leaders, Timor-Leste participated in the Summit as Observor.
• This comes as the 9th ASEAN India Summit to be attended by PM Modi.
• Timor Leste joined ASEAN in 2022 as an Observor, before becoming its full Member.
• The theme of this year’s ASEAN Summit is ‘ASEAN Matters: Epicentrum of Growth
  The inaugural EAS held in Kuala Lumpur on 14 December 2005.
• The EAS has 18 members – the ten ASEAN countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam) along with Australia, China, India, Japan, New Zealand, the Republic of Korea, Russia and the United States
• Indonesia is the chair of the Association of Southeast Asian Nations (ASEAN) this year.

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