Current Affairs August 11 2023 PDF by AffairsCloud 1
Current Affairs August 11 2023 PDF by AffairsCloud 1
Current Affairs August 11 2023 PDF by AffairsCloud 1
❖ CBI Academy Joins Interpol Global Academy Network as its 10th Member
❖ MeitY Launched IWBDC to Create Indigenous Web Browser with Advanced Features
❖ NABARD supports Rajasthan to Get 5 GI Tag certification for Traditional Products
❖ IBA forms Sectoral Committee for 26 Banks in GIFT City
❖ Axis Bank to raise stake in Max Life to 16.22% via Rs 1,612 crore Investment
❖ Kotak Life partners with ESAF Bank to offer Life Insurance to customers
❖ L&T, partners to invest $4B in Green Hydrogen Projects ; To Acquire NPCIL stake in Arm
❖ GRSE launched Neerakshi, India’s first Indigenous AUV to Detect Mines
❖ TLMAL delivers 200th C-130J Super Hercules Empennage
❖ Indian Army secures patent for AI-driven Accident Prevention System
❖ 108th Foundation Day of ZSI: 3- days Programme held with Special Focus on ‘Mission Life’
❖ P Jayarama Bhat Former MD&CEO of Karnataka Bank Passes Away
❖ Poet-Diplomat Abhay K Launches his New Book ‘Monsoon’
❖ World Bio-Fuel Day 2023 – August 10
❖ World Lion Day 2023 – August 10
❖ Justice Subhasis Talapatra Sworn in as 33rd Chief Justice of Orissa High Court
❖ RGICL has been Awarded the Contract for Implementing MHIS & PMJAY in Meghalaya
• A letter of acceptance was signed by Deputy Inspector General(DIG) (Training) Mohit Gupta of the
CBI Academy with Glenn Martindale, Director, Capacity Building and Training Directorate, Interpol
in consultation with India’s Union Home Ministry, External Affairs Ministry and the Department of
Personnel and Training.
INTERPOL Global Academy Network:
i.Established in 2019, the INTERPOL Global Academy Network is under the leadership of INTERPOL’s
Capacity Building and Training Directorate. Its primary goal is to spearhead a worldwide strategy for law
enforcement training.
ii.The Network has members in all regions and supports academic collaboration amongst Law Enforcement
Training Institutions across the globe.
iii.The INTERPOL Global Academy currently has 10 members: Abu Dhabi, Argentina, Austria, Botswana,
Colombia, India, Korea, Rwanda, Saudi Arabia and Spain.
Central Bureau of Investigation (CBI):
i.The CBI is a premier training institution in the fields of crime investigation, prosecution and vigilance
functioning.
ii.It is the National Central Bureau of Interpol for India as well as a Nodal Agency for Transnational Organised
Crimes, Anti-Corruption Crimes, Bank Fraud Cases and Cyber Crimes.
Director – Praveen Sood
Established in – 1963
Headquarters – New Delhi,Delhi
MeitY Launched IWBDC to Create Indigenous Web Browser with Advanced Features
On August 9, 2023, the Ministry of Electronics & Information Technology (MeitY) launched the Indian Web
Browser Development Challenge (IWBDC), Open Challenge Competition for Indian technology enthusiasts to
create an indigenous web browser with advanced security features.
• It was jointly launched by Sunita Verma, Scientist G & Group Coordinator (Research &
Development- R&D in Electronics & Information Technology); Arvind Kumar, Controller of
Certifying Authorities (CCA), MeitY; and Dr. S. D. Sudarshan, Executive Director C-DAC (Centre for
Development of Advanced Computing), Bengaluru, Karnataka during a Launch Programme
organized at India Habitat Centre, New Delhi, Delhi.
Axis Bank to raise stake in Max Life to 16.22% via Rs 1,612 crore Investment
On August 9, 2023, Axis Bank Limited announce to raise its stake in Max Life Insurance Company Limited to
16.22% from 9.99% by infusing Rs 1,612 crore (USD 194.6 million) through a preferential allotment of shares.
• The proposal for the same was approved by the acquisitions, divestment and merger committee of
Bank’s board.
• This capital infusion will help Max Life to support its growth ambitions, augment capital position
and improve solvency margins.
Background:
Axis Bank, along with its entities (Axis Securities and Axis Capital), had acquired a 12.99% stake in Max Life in
2021, and through this new investment they will own 19.02% in the Max Life.
Key points:
i.The increase in the stake by the bank will be done through a share subscription agreement with Max Life
through subscription to the preferential issue of 14,25,79,161 fully paid-up equity shares of face value of Rs 10
each at a fair market value of Rs 113.06 per share.
ii.Currently, Max Financial holds an 87% in Max Life. On completion of the proposed capital infusion, Max
Financials’ shareholding will reduced to 80.98%.
iii.After the investment, Five nominee directors of Axis entities and three nominee directors of Max Financial
Kotak Life partners with ESAF Bank to offer Life Insurance to customers
On 9th August 2023, Kotak Mahindra Life Insurance Company Ltd (Kotak Life) announced its corporate
agency tie-up with ESAF Small Finance Bank (ESAF Bank) to offer life insurance to ESAF Bank customers.
• The tie-up plans to benefit 68 lakh customers of ESAF Bank through life insurance products
provided by Kotak Life, including protection, savings, investment and retirement through ESAF
Bank’s 700 banking outlets spread across 21 States and 2 Union Territories(UTs).
• This is a part of the L&T’s plans to invest around USD 12 billion over the next five years.
Focus:
The focus of this collaboration is to harness the potential of
green hydrogen, a clean and sustainable alternative to
traditional fossil fuels.
Key Points:
i.L&T has approached some coastal states in India to
acquire 500-1,000 acres of land for hydrogen facilities.
ii.The venture into hydrogen production will commence
with the manufacturing of electrolyzers, scheduled to
begin operations in December 2023.
iii.These electrolyzers will utilize renewable energy from
ReNew Power Private Ltd. to produce green hydrogen at
the IOCL refinery in Panipat, Haryana.
iv.The project will subsequently be expanded to other
IOCL refineries and L&T customers.
Note:
The clean energy strategy will be led by L&T Energy Green Tech, a subsidiary of L&T.
• TLMAL is the sole worldwide provider of C-130J empennage assemblies, which are integrated into
all new Super Hercules aircraft manufactured in Marietta, Georgia, United States of America (USA).
About Empennage:
i.Every empennage manufactured by TLMAL significantly contributes to enabling the powerful Super Hercules
to embark on missions of paramount importance, influencing lives and creating historical significance.
ii.Constructing and assembling an empennage involves numerous intricate components.
iii.The empennages made by TLMAL are included in C-130Js operated by seven countries, including India.
iv.The empennages of C-130J Super Hercules were delivered from TLMAL’s manufacturing facility located in
Hyderabad, India.
Empennage Components:
• Aircraft’s horizontal and vertical stabilisers.
• Leading edges and tip assemblies.
About C-130J Super Hercules:
i.The C-130J-30 is a stretch version of the C-130J, a proven, highly reliable and affordable airlifter.
ii.It is the airlifter of choice for 22 nations and 26 operators around the world.
iii.The C-130Js support critical worldwide search and rescue, peacekeeping, combat delivery, maritime patrol,
special operations, aerial refuelling, commercial cargo transport, medevac and humanitarian response
• It is developed within the Army’s research and development (R&D) division, and Colonel Kuldeep
Yadav has been credited as the inventor of this prevention system.
• This system saves lives by alerting drivers from falling asleep & reduces accidents caused by
drowsiness.
Key Points:
i.The patent will remain valid for a duration of 20 years from 2nd February 2021(date of filing), in accordance
with the provisions of Patents Act 1970.
• The patent was officially granted on July 11.
ii.Before securing the patent, the AI-based accident prevention device was subjected to rigorous testing in the
buses of two state transport corporations – Andhra Pradesh(AP) and Telangana.
iii.The device proved suitable for use in trucks as well, signifying its potential to contribute significantly to road
safety beyond military applications.
• Inauguration of Animal Taxonomy Summit (ATS) 2023, its a first of its kind in our country, was
organised by ZSI as part of the programme , where 400 delegates across India and abroad including
the Natural History Museum, London, the United Kingdom (UK) were participated.
Key People:
Ashwini Kumar Choubey, Minister of State (MoS), MoEFCC; Chandra Prakash Goyal, Director General of Forests
and Special Secretary; Dr Dhriti Banerjee, Director ZSI; Dr Ashiho Asosii Mao, Director, Botanical Survey of
India (BSI).
Mission LiFE:
i.It is an India-led global mass movement introduced by
Prime Minister (PM) Narendra Modi at the 26th United
Nations Climate Change Conference of the Parties
(COP26) in Glasgow, Scotland, The United Kingdom (UK)
in November 2021.
ii.In 2022, the PM launched the Mission LiFE for a
sustainable and healthy lifestyle at the Statue of Unity in
Gujarat.
Three Phases of Mission LiFE:
Each phase requires a fundamental shift in the approach
towards sustainability.
• Phase I – Change in Demand
• Phase II- Change in Supply
• Phase III- Change in Policy
Book Release:
As a part of the event, 6 books were released:
• Animal Discoveries: New Species and New Records 2022; Plant Discoveries 2022; Faunal Diversity
of 75 Ramsar Wetlands of India; Records of Zoological Survey of India-Special Issue of ATS 2023; 75
Endemic Birds of India and Fauna of India-108 DNA Sequences.
Signing MoUs:
ZSI signed 3 Memoranda of Understanding (MoUs) for research and academic collaboration as follows:
i.MoU was signed with the Royal Government of Bhutan to conduct a population assessment of the Red Panda,
through a non-invasive method.
• He served the Bank for over 48 years from April 1973 to November 2021.
Timeline:
i.Jayarama Bhat joined the services of Karnataka Bank as a Probationary Officer in January 1973.
ii.On July 14, 2009 he was appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of
Karnataka Bank.
iii.In April 2017, Jayarama Bhat chose to step down from his role as MD and CEO.
• Subsequently, he was appointed by the Reserve Bank of India (RBI) as the Part- time Non-
executive Chairman of Karnataka Bank in the same month. He held this position until his
retirement on November 13, 2021.
Awards and Recognition:
• Outstanding Manager Award from Mangalore Management Association.
• CEO with HR(Human Resource) Orientation by Asia Pacific Human Resource Management (HRM)
Congress.
• A. Shama Rao Memorial Outstanding Achievement Award by A. Shama Rao Foundation.
• New Year Award-2015 jointly by Manipal University, Academy of General Education, and Syndicate
Bank.
• T. A. Pai Memorial Shrestha Banker Award from Delhi Kannadiga.
Roles and Appointments:
i.He served on the board of Universal Sompo General Insurance Company Ltd, a joint venture involving
Karnataka Bank, where he held the position of Nominee Director.
ii.From August 2010 to August 2014, he served as a member of the Management Committee of the Indian
Banks’ Association (IBA).
• During this timeframe, he concurrently held the position of Chairman for the “IBA Committee on
Member Private Sector Banks.”
iii.He was also the chairman of the Governing Board of Southern India Banks‟ Staff Training College (SIBSTC),
Bengaluru.
Additional Info:
Following his successful completion of the Certified Associate of the Indian Institute of Bankers (CAIIB)
examination in 1986, he taught at Government Junior College, Mulki(Mangalore, Karnataka) for three months in
1972.
IMPORTANT DAYS
World Bio-Fuel Day 2023 – August 10
World Bio-Fuel Day is observed annually on 10th August to create awareness about the importance of non-
fossil fuels or bio-fuels as an alternative to conventional fossil fuels for the energy sector.
• The day also honours Rudolf Diesel, a French-German Inventor, who invented the Diesel Engine in
1892.
• The day also tries to highlight the various efforts taken by the Government to promote the use of
biofuel for the sustainable development of the planet.
Background:
The Ministry of Petroleum and Natural Gas(MoPNG) initiated the observance of World Biofuel Day in India in
2015.
Why August 10?
10th August marks the day on which German inventor and mechanical engineer Sir Rudolf Christian Karl
Diesel for the first time successfully ran the Diesel engine with peanut oil in 1893.
What are Biofuels?
i.Unlike other renewable energy sources, biomass can be converted directly into liquid fuels, called “biofuels”
ii.Bio-fuels are environment-friendly fuels that can be produced using biological materials like agricultural
waste, trees, crops, algae, or even grass.
iii.They are cost-effective and can be stored in either liquid or gaseous form.
STATE NEWS
Justice Subhasis Talapatra Sworn in as 33rd Chief Justice of Orissa High Court
On 8th August 2023, Justice Subhasis Talapatra, Judge of the Orissa High Court, took oath as the 33rd Chief
Justice (CJ) of the Orissa High Court. The oath ceremony was administered by Prof. Ganeshi Lal, the Governor
of Odisha.
• Justice Subhasis Talapatra succeeded Justice Dr. S Muralidhar following his superannuation on 7th
August 2023.
• Justice Subhasis Talapatra is set to retire on October 3, 2023.
Note: In July 2023, the Supreme Court Collegium recommended the name of Justice Talapatra, as the CJ.
About Justice Subhasis Talapatra:
i.Justice Subhasis Talapatra hails from Udaipur, Tripura.
ii.He was designated as Senior Advocate on December 21, 2004. On November 15, 2011, he was sworn in as an
Additional Judge of Gauhati High Court in Guwahati, Assam.
iii.On September 13, 2013, was appointed as a Permanent Judge of the Tripura High Court.
iv.He served as the Acting Chief Justice of the High Court of Tripura twice from November 2-13, 2018, and
November 11-15, 2019.
v.He was transferred as Judge, High Court of Orissa on June 1, 2022, and he took the oath of office on June 10,
2022.
vi.Since 2017, he held the position of Executive Chairman of Tripura State Legal Services Authority and
Chairman of the Juvenile Justice Committee; Computer Committee, and eCourts Project; Committee for
Establishment of National Law University.
Orissa High Court launches Warrant Management System and PIL portal
On 7th August 2023, S Muralidhar, Chief Justice of Orissa High Court, on the day of his superannuation,
dedicated 2 e- initiatives : Warrant Management System and Public Interest Litigation (PIL) portal, for the
benefit of all stakeholders, including the police.
RGICL has been Awarded the Contract for Implementing MHIS & PMJAY in Meghalaya
On 8th August 2023, Reliance General Insurance Company Ltd (RGICL) signed a contract with the Department
of Health and Family Welfare, Government of Meghalaya for the implementation of the Megha Health
Insurance Scheme (MHIS) and the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY)-Phase
6 in Meghalaya.
• RGICL emerged as the successful bidder to implement a revised MHIS 6 scheme in convergence with
PMJAY, providing an insurance cover of Rs 5.3 lakhs for all eligible beneficiaries on a family floater
basis.
• Meghalaya has decided to review the health benefit packages and other terms in insurance contract
of MHIS 6. This will cover more than 7 lakh families in Meghalaya and provide them health
insurance coverage that will meet secondary and tertiary care hospitalization, outpatient care,
diagnostic tests, and follow-up care.
• RGICL will also leverage its digital capabilities for smooth and hassle-free enrolment, claim
settlement, and grievance redressal for the beneficiaries.
• The scheme provides coverage to all residents of Meghalaya apart from those who are employed by
the GoM and central governments.
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