You are on page 1of 178

GA Power Capsule for IBPS PO Mains 2023

Contents for GA Power Capsule for IBPS PO Mains 2023


Most Important Current Affairs 6
➢ Most Important Current Affairs of October 6
➢ Most Important Current Affairs of September 8
➢ Most Important Current Affairs of August 25
➢ Most Important Current Affairs of July 33
➢ Most Important Current Affairs of June 45
➢ Most Important Current Affairs of May 53
National Current Affairs 61
➢ National Current Affairs of October 61
➢ National Current Affairs of September 61
➢ National Current Affairs of August 65
➢ National Current Affairs of July 68
➢ National Current Affairs of June 70
➢ National Current Affairs of May 71
International Current Affairs 73
➢ International Current Affairs of October 73
➢ International Current Affairs of September 74
➢ International Current Affairs of August 78
➢ International Current Affairs of July 80
➢ International Current Affairs of June 82
➢ International Current Affairs of May 83
Current Affairs Related to States in India 84
➢ Current Affairs Related to States in India of October 84
➢ Current Affairs Related to States in India of September 85
➢ Current Affairs Related to States in India of August 88
➢ Current Affairs Related to States in India of July 90
➢ Current Affairs Related to States in India of June 92
➢ Current Affairs Related to States in India of May 93
Union Territories of India 94
➢ Union Territories of India of October 94
➢ Union Territories of India of September 94

1 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
New Appointments: National 94
➢ New Appointments: National of October 94
➢ New Appointments: National of September 95

➢ New Appointments: National of August 95


➢ New Appointments: National of July 96
➢ New Appointments: National of June 97
➢ New Appointments: National of May 98

New Appointments: International 99


➢ New Appointments: International of July 99
➢ New Appointments: International of June 99
➢ New Appointments: International of May 99
Agreements/Memorandum of Understandings 100
➢ Agreements/Memorandum of Understandings of October 100
➢ Agreements/Memorandum of Understandings of September 100
➢ Agreements/Memorandum of Understandings of August 101
➢ Agreements/Memorandum of Understandings of July 102

➢ Agreements/Memorandum of Understandings of June 103


➢ Agreements/Memorandum of Understandings of May 104
Banking Current Affairs 104
➢ Banking Current Affairs of October 104
➢ Banking Current Affairs of September 105
➢ Banking Current Affairs of August 108
➢ Banking Current Affairs of July 110
➢ Banking Current Affairs of June 112
➢ Banking Current Affairs of May 114

Economy/Financial Current Affairs 116


➢ Economy/Financial Current Affairs of October 116
➢ Economy/Financial Current Affairs of September 116
➢ Economy/Financial Current Affairs of August 118
➢ Economy/Financial Current Affairs of July 119
➢ Economy/Financial Current Affairs of June 120
➢ Economy/Financial Current Affairs of May 120

2 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Business Current Affairs 121
➢ Business Current Affairs of October 121
➢ Business Current Affairs of September 121
➢ Business Current Affairs of August 122
➢ Business Current Affairs of July 123
➢ Business Current Affairs of June 124
➢ Business Current Affairs of May 124
India’s GDP Reports by Different Organizations 125
➢ India’s GDP Reports by Different Organization of June 125
➢ India’s GDP Reports by Different Organization of May 125
Defense Current Affairs 126
➢ Defense Current Affairs of October 126
➢ Defense Current Affairs of September 127
➢ Defense Current Affairs of August 128
➢ Defense Current Affairs of July 129
➢ Defense Current Affairs of June 131
➢ Defense Current Affairs of May 131
Equipment’s 132
➢ Equipment’s of June 132
Awards & Recognition 132
➢ Awards & Recognition of October 132
➢ Awards & Recognition of September 132
➢ Awards & Recognition of August 133
➢ Awards & Recognition of July 133
➢ Awards & Recognition of June 133
➢ Awards & Recognition of May 134
Summits |Events |Festivals (National/International) 135
➢ Summits |Events |Festivals (National/International) of October 135
➢ Summits |Events |Festivals (National/International) of September 135
➢ Summits |Events |Festivals (National/International) of August 136
➢ Summits |Events |Festivals (National/International) of July 136
➢ Summits |Events |Festivals (National/International) of June 137
➢ Summits |Events |Festivals (National/International) of May 137

3 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
List/Indexes (Ranks & Reports) 138
➢ List/Indexes (Ranks & Reports) on October 138
➢ List/Indexes (Ranks & Reports) on September 138
➢ List/Indexes (Ranks & Reports) on August 139
➢ List/Indexes (Ranks & Reports) on July 139
➢ List/Indexes (Ranks & Reports) on June 140
➢ List/Indexes (Ranks & Reports) on May 140
Books & Authors 141
➢ Books & Authors of October 141
➢ Books & Authors of September 141
➢ Books & Authors of August 141
➢ Books & Authors of July 141
➢ Books & Authors of June 141
➢ Books & Authors of May 142
Sports Current Affairs 142
➢ Sports Current Affairs of October 142
➢ Sports Current Affairs of September 143
➢ Sports Current Affairs of August 145
➢ Sports Current Affairs of July 147
➢ Sports Current Affairs of June 149
➢ Sports Current Affairs of May 150
Science & Technology 151
➢ Science & Technology of October 151
➢ Science & Technology of September 151
➢ Science & Technology of August 152
➢ Science & Technology of July 153
➢ Science & Technology of June 154
➢ Science & Technology of May 155
Schemes/ Apps 155
➢ Schemes/ Apps of October 155
➢ Schemes/ Apps of September 156
➢ Schemes/ Apps of August 157
➢ Schemes/ Apps of July 159
➢ Schemes/ Apps of June 161
➢ Schemes/ Apps of May 162
4 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Committees in News 164
➢ Committees in News of August 164
➢ Committees in News of June 164

➢ Committees in News of May 164


➢ Institutes/ Bodies/ Acts in news 164
➢ Institutes/ Bodies/ Acts in News of May 164
Important Days 165
➢ Important Days of October 165
➢ Important Days of September 165
➢ Important Days of August 166
➢ Important Days of July 167
➢ Important Days of June 168
➢ Important Days of May 169
Obituaries (National/International) 170
➢ Obituaries (National/International) of October 170
➢ Obituaries (National/International) of September 170

➢ Obituaries (National/International) of August 171


➢ Obituaries (National/International) of July 171
➢ Obituaries (National/International) of June 172
➢ Obituaries (National/International) of May 172
Miscellaneous Current Affairs | One-Liners 173
➢ Miscellaneous Current Affairs | One-Liners of October 173
➢ Miscellaneous Current Affairs | One-Liners of September 173
➢ Miscellaneous Current Affairs | One-Liners of August 174
➢ Miscellaneous Current Affairs | One-Liners of July 175

➢ Miscellaneous Current Affairs | One-Liners of June 176


➢ Miscellaneous Current Affairs | One-Liners of May 177

5 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Most Important Current Affairs
Most Important Current Affairs of October GST Council clears a few measures to boost foreign trade

Nobel Prize 2023 Winners List The 52nd GST Council meeting took place under the leadership
of Union Minister for Finance & Corporate Affairs, Smt. Nirmala
Nobel Prize 2023 Winners List
Sitharaman. The meeting covered various important decisions
The Nobel Prize 2023 Winners List represents a diverse range
and recommendations related to changes in GST tax rates, trade
of fields and disciplines, but they are all united by their
facilitation measures, and compliance streamlining.
extraordinary contributions to humanity. Their work has had a
profound impact on our understanding of the world around us Recommendations on GST Rates for Goods and Services
and on our ability to solve some of the most pressing challenges
of our time. Changes in GST Rates for Goods
The Nobel Prize is the world’s most prestigious award, honoring 1. Food Preparation of Millet Flour:
individuals and organizations for outstanding achievements in ● The GST rates for food preparations made from millet
physics, chemistry, medicine, literature, peace, and economics. flour have been adjusted.
The prizes are awarded annually by the Nobel Foundation, ● If sold loose, it will have a 0% GST rate, and if sold pre-
based on the will of Swedish industrialist and inventor Alfred packaged, it will have a 5% GST rate.
Nobel. The Nobel Prize amount for 2023 is set at Swedish kronor 2. Imitation Zari Thread:
(SEK) 11.0 million per full Nobel Prize. ● Imitation zari threads made from metallized polyester
or plastic film will be taxed at a 5% GST rate.
Check Out the Nobel Prize 2023 Winners List ● However, there will be no refund on the
Nobel polyester/plastic film used.3
Prize Winners Date Achievements 3. Foreign Going Vessels:
Category ● Foreign going vessels converting to coastal runs will be
Katalin subject to 5% IGST.
Physiology For their pioneering ● Conditional IGST exemption is recommended for these
Karikó and 2
or work on mRNA vessels, provided they reconvert to foreign going
Drew October
Medicine vaccines vessels within six months.
Weissman
For experimental II. Other Changes Related to Goods:
Pierre
methods that 4. Extra Neutral Alcohol (ENA)
Agostini,
generate ● ENA used for manufacturing alcoholic liquor for human
Ferenc 3
Physics attosecond pulses consumption will be excluded from GST.
Krausz and October
of light for the study 5. Molasses:
Anne
of electron ● The GST rate on molasses will be reduced from 28% to
L’Huillier
dynamics in matter 5%.
Moungi G. ● This will help mills have more liquidity for clearing cane
Bawendi, For the discovery dues to sugarcane farmers and reduce cattle feed
4
Chemistry Louis E. Brus and synthesis of manufacturing costs.
October
and Alexei I. quantum dots 6. Rectified Spirit for Industrial Use:
Ekimov ● A new 8-digit HS code will be created for rectified spirit
For his innovative used for industrial purposes, with an 18% GST rate.
5 plays and prose
Literature Jon Fosse
October which give voice to
the unsayable
For her fight against
the oppression of
Narges 6 women in Iran and
Peace
Mohammadi October her fight to promote
human rights and
freedom for all
The
Sveriges for having advanced
Riksbank Claudia 9 our understanding
Prize in Goldin October of women’s labour
Economic market outcomes
Sciences

6 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
III. Changes in GST Rates for Services: vi) Supplies to SEZ Units/Developers:
7. Exemptions for Government Services: ● Amendments will be made to allow suppliers to Special
● Services provided to Central/State/UT governments, Economic Zone (SEZ) developers or units to supply
local authorities, and services like water supply, public goods or services to them on payment of integrated
health, sanitation, conservancy, solid waste tax, with a refund route.
management, slum improvement, and upgradation
Other Measures Related to Law and Procedures:
supplied to Governmental Authorities will be exempt
i) Alignment of CGST Act with Tribunal Reforms Act:
from GST.
● Amendments will be made to the CGST Act to align the
8. Job Work Services for Barley Processing:
provisions with the Tribunal Reforms Act, including
● Job work services for processing barley into malt will
eligibility criteria and age limits for the appointment of
have a 5% GST rate, similar to job work related to food
judicial members and Presidents.
and food products.
ii) Amendment in ISD Procedure:
9. GST on Bus Transportation Services via ECOs:
● The Input Service Distributor (ISD) procedure will be
● Bus operators organized as companies may be
made mandatory for distributing Input Tax Credit
excluded from paying GST under section 9(5) of the
(ITC) in certain cases. Rules will be amended
CGST Act, 2017, for bus transportation services via
accordingly.
Electronic Commerce Operators (ECOs).
iii) Automatic Restoration of Provisionally Attached
10. District Mineral Foundations Trusts (DMFT):
Property:
● DMFTs set up by State Governments will be considered
● After one year, properties provisionally attached will be
Governmental Authorities and eligible for GST
automatically released without the need for a separate
exemptions.
order from the Commissioner.
11. GST on Indian Railways:
● All goods and services supplied by Indian Railways will
Global Hunger Index 2023: India’s Decline to 111th Place
be taxed under Forward Charge Mechanism to allow
them to avail Input Tax Credit (ITC). In the latest Global Hunger Index (GHI) for 2023, India has been
ranked 111 out of 125 countries, marking a decline from its 107th
Trade Facilitation Measures position in 2022. The GHI is an annual assessment of hunger
i) Amnesty Scheme for Filing Appeals:
levels globally, published by Irish NGO Concern Worldwide and
● An amnesty scheme will be introduced for taxable
German NGO Welt Hunger Hilfe.
persons who couldn’t file appeals against demand
orders within the allowable time frame. Key Findings of Global Hunger Index 2023
● They can now file appeals against such orders until ● The GHI 2023 report highlights that India has the highest
January 31, 2024, by paying 12.5% of the disputed tax, child wasting rate in the world, standing at 18.7 percent
with at least 20% being debited from their Electronic during 2018–22, which signifies acute undernutrition.
Cash Ledger. ● The rate of undernourishment in India is reported at 16.6
ii) Clarifications on Taxability of Personal Guarantees: percent, and the under-five mortality rate is 3.1 percent.
● Clarifications will be provided regarding the taxability ● The prevalence of anemia among women aged between 15
of personal guarantees offered by directors to banks and 24 years in India is alarmingly high at 58.1 percent.
and corporate guarantees provided for related persons, ● India’s overall GHI score is 28.7, categorizing the hunger
including those by holding companies to subsidiaries. situation in the country as “serious.”
iii) Automatic Restoration of Provisionally Attached Comparison with Neighbors: A Comparative Lens
Property: In comparison to neighboring countries, India’s GHI ranking
● Properties provisionally attached will be automatically appears stark:
released after one year, eliminating the need for a ● India: 111th
separate order from the Commissioner. ● Pakistan: 102nd
iv) Clarifications on Place of Supply: ● Bangladesh: 81st
● A circular will be issued to clarify the place of supply for ● Nepal: 69th
various services, including transportation of goods, ● Sri Lanka: 60th
advertising services, and co-location services. India’s ranking pales in comparison to its neighbors, raising
v) Clarification on Export of Services: concerns about the nation’s ability to tackle hunger effectively.
● A circular will be issued to clarify the admissibility of
export remittances received in Special INR Vostro Top and Worst Performers in Global Hunger Index 2023:
accounts for the consideration of supply of services to ● Belarus, Bosnia & Herzegovina, Chile, China and Croatia
qualify as export of services. are the top five countries in GHI 2023.

7 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Chad, Niger, Lesotho, Congo, Yemen, Madagascar, and Most Important Current Affairs of September
Central African Republic are the countries ranked at the
bottom of the index. Waheeda Rehman to Receive Dadasaheb Phalke Lifetime
Achievement Award
Bihar Caste Census Reveals Demographic Insights Union Minister for Information and Broadcasting, Anurag
The Bihar government recently released the results of its caste Thakur, announced that the seasoned and accomplished actor,
survey, shedding light on the state’s demographic composition. Waheeda Rehman, will be honored with the prestigious
While it is important to note that no detailed analysis has been Dadasaheb Phalke Lifetime Achievement Award, India’s
conducted yet, the survey provides valuable data on caste highest recognition in the world of cinema.
distribution in Bihar. A Legendary Career in Indian Cinema
Waheeda Rehman’s illustrious career is synonymous with
Bihar Caste Census: Key Demographic Breakdowns
excellence. She has worked in over 90 films. Known for her
Here are the key findings from the Bihar caste survey: versatility, she has delivered unforgettable performances in a
myriad of iconic films, including “Pyaasa,” “CID,” “Guide,”
1. OBCs and EBCs Dominate:
“Kaagaz Ke Phool,” “Khamoshi,” and “Trishul.” Her
○ Extremely Backward Class (EBC) comprises 36.01% of
contributions to the world of cinema have left an indelible mark
the population.
that resonates with audiences across generations.
○ Other Backward Class (OBC) constitutes 27.13% of the
population. An Announcement of Joy and Honor
2. Scheduled Castes and Tribes: Union Minister Anurag Thakur, taking to Twitter, expressed his
○ Scheduled Caste (SC) population stands at 19.65%. immense happiness and honor in bestowing this prestigious
○ Scheduled Tribe (ST) population is 1.68%. award upon Waheeda Rehman. He highlighted her stellar
3. General Caste and Yadavs: contributions to Indian cinema, acknowledging her role in
○ General Caste population is 15.52%. shaping the industry into what it is today.
○ Yadavs represent 14% of the population. “I feel an immense sense of happiness and honor in announcing
4. Religious Composition: that Waheeda Rehman ji is being bestowed with the prestigious
○ Hindus make up 82% of the population. Dadasaheb Phalke Lifetime Achievement Award this year for
○ Muslims account for 17.71%. her stellar contribution to Indian Cinema,” the minister wrote.
Additional Insights: A Glowing Tribute to an Iconic Career
The survey also provides insights into specific caste groups: Waheeda Rehman’s journey in cinema spans over five glorious
decades. She has portrayed her roles with finesse and
6. Yadavs, Kushwahas, and Kurmis:
dedication, earning critical acclaim for her exceptional
○ Among OBCs, Yadavs constitute 14.26%.
performances. Notably, she was honored with a National Film
○ Kushwaha and Kurmi castes make up 4.27% and 2.87%,
Award for her portrayal of a clanswoman in “Reshma and
respectively.
Shera.” Additionally, she holds the Padma Shri and Padma
7. Large-Scale Data Collection:
Bhushan awards, further underscoring her exceptional
○ The caste survey encompassed 17 socio-economic
contributions to Indian culture and cinema.
indicators, including caste.
○ It was conducted in three phases, involving Beyond the Silver Screen
approximately 2.64 lakh enumerators documenting As India celebrates her accomplishments, the timing of this
data from 29 million registered households. award is significant. Parliament’s recent passage of the historic
○ A total of 214 castes were identified and assigned Nari Shakti Vandan Adhiniyam underscores the achievements
individual codes. of women in various fields. Waheeda Rehman’s recognition is a
8. Implications for Reservations: fitting tribute to one of the leading ladies of Indian Cinema. Her
○ The survey’s findings may open the door to challenging dedication to philanthropy and the betterment of society after
the 50% ceiling on reservations in the state. her retirement from films reflects her commitment to the
9. Government Initiatives: greater good.
○ The Bihar government launched the two-phase caste A Legacy of Iconic Films
survey in January, recording both economic status and Waheeda Rehman’s cinematic journey commenced with the
caste data for around 12.70 crore people in the state. Telugu film “Rojulu Marayi” in 1955, and since then, she has
10. Comparison with Previous Data: graced numerous films with her exceptional talent. Her
○ The Union Government had conducted a caste survey filmography includes timeless classics such as “Pyaasa,”
in 2011 (SECC-2011), but the data was never made “Guide,” “Khamoshi,” “Phagun,” “Kabhi Kabhie,” “Chandni,”
public. “Lamhe,” “Rang De Basanti,” and “Delhi 6,” among others.

8 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
As the Indian film fraternity and admirers from around the world IITs Continue Boycott
celebrate this well-deserved honor, it is a moment to reflect on Intriguingly, the top Indian Institutes of Technology (IITs) have
the enduring impact of Waheeda Rehman’s contributions to the continued their longstanding boycott of the rankings for the
cinematic legacy of India. Her name will forever be synonymous fourth consecutive year. Their absence from the rankings raises
with excellence, dedication, and the embodiment of a Bharatiya questions about the methodology or criteria used by the
Nari achieving the highest level of professional excellence rankings, which have not aligned with the IITs’ assessment of
academic excellence.
through her unwavering commitment and hard work.
India Rises in Global Representation
Times Higher Education (THE) Releases World University India’s ascent in the 2024 rankings extends beyond the number
Rankings 2024 of universities featured. India has now risen to become the
fourth most well-represented nation, advancing from sixth place
Introduction in the previous year’s rankings. This upward trajectory reflects
The 20th edition of the World’s Best Universities by the Times the increasing recognition of Indian universities on the global
Higher Education (THE) rankings has been unveiled, stage.
showcasing the top higher education institutions globally.
Other High-Performing Indian Universities
Oxford University in the United Kingdom has clinched the
Among the Indian universities making notable strides in the
coveted first place for an unprecedented eighth consecutive
rankings are Anna University, Jamia Millia Islamia, Mahatma
year, with Stanford University in the United States securing Gandhi University, and Shoolini University of Biotechnology and
second place. The Massachusetts Institute of Technology (MIT) Management Sciences. These institutions have secured
is third in the rankings. The 2024 edition is the largest to date, positions within the 501-600 band, reaffirming their
featuring 1,904 universities from 108 countries and regions, commitment to academic excellence and research
evaluated across 18 performance indicators reflecting their core contributions.
missions.
Here’s the list of Indian universities ranked among top 800-
Top 10 Universities Worldwide 1000 band

British and American Dominance University


The list’s top 10 universities is a blend of British and American Indian Institute of Science Bangalore
institutions. Leading the pack is the University of Oxford, Anna University
followed by Stanford University, and the Massachusetts
Jamia Millia Islamia
Institute of Technology (MIT). Harvard University, University
of Cambridge (UK), Princeton University, California Institute Mahatma Gandhi University
of Technology (Caltech), Imperial College London, University Shoolini University of Biotechnology and Management
of California, Berkeley, and Yale University round out the top Sciences
10. This list continues to be predominantly dominated by U.S. Alagappa University
universities. Aligarh Muslim University

Indian Universities Make Significant Strides Banaras Hindu University


Bharathiar University
91 Indian Universities Ranked
Indian Institute of Technology Guwahati
India, a burgeoning force in higher education, has seen notable
Indian Institute of Technology (Indian School of Mines)
growth in the latest World University Rankings 2024. A total of
Dhanbad
91 Indian universities have secured positions on the list,
Indian Institute of Technology Patna
surpassing last year’s count of 75. This surge in representation
highlights India’s commitment to fostering academic excellence International Institute of Information Technology,
Hyderabad
and research across its institutions.
Jamia Hamdard University
Indian Institute of Science (IISc) Takes the Top Spot
Jawaharlal Nehru University
The Indian Institute of Science (IISc) Bangalore has made
Kalinga Institute of Industrial Technology, Bhubaneswar
history by securing the top position among Indian universities.
This achievement marks the first time since 2017 that IISc has Malviya National Institute of Technology
claimed the top spot, underscoring its dedication to research Manipal Academy of Higher Education
and academic prowess. National Institute of Technology Rourkela

9 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
University ● Denmark (9th) and the Republic of Korea (10th) remain in
the top 10. France (11th) gets closer, improving one rank
National Institute of Technology Silchar
this year, while Japan remains strong as the 13th most
Panjab University innovative economy. Israel re-enters the top 15, reaching
Saveetha Institute of Medical and Technical Sciences 14th place.
Thapar Institute of Engineering and Technology ● After a rapid ascent, gaining 23 positions over the last
decade, China ranks 12th this year, dropping one rank
Vellore Institute of Technology relative to 2022.1 China remains the sole middle-income
Amity University economy to secure a position among the top 30, retaining
Amrita Vishwa Vidyapeetham 3rd place in the SEAO region and top spot in the upper
middle-income group (see Figure 11 and Table 3). Belgium
Birla Institute of Technology and Science, Pilani
(23rd) re-enters the top 25, climbing three ranks.
Institute of Chemical Technology ● All eight Nordic and Baltic economies improved their
University of Delhi ranking this year, except for Iceland, which stays at 20th
spot. Estonia gains two ranks and edges the top 15, at 16th
Delhi Technological University
place. Norway (19th) reenters the top 20. Lithuania (34th)
Indian Institute of Science Education and Research, Pune and Latvia (37th) make the largest improvements, gaining
Indian Institute of Technology Gandhinagar five and four ranks respectively, with Latvia re-entering the
Indraprastha Institute of Information Technology Delhi top 40.
● Apart from China, there are only four other middle-income
Jawaharlal Nehru Technological University Anantapur
economies among the top 40 economies, namely, Malaysia
(JNTUA)
(36th), Bulgaria (38th), Türkiye (39th) and India (40th).
Jaypee University of Information Technology ● The United Arab Emirates stabilizes at 32nd place, close to
JSS Academy of Higher Education and Research the top 30. Saudi Arabia (48th) and Qatar (50th) make it into
Kalasalingam Academy of Research and Education the top 50. Middle East economies Bahrain (67th), Oman
(69th), Jordan (71st) and Egypt (86th) also experience
Lovely Professional University notable improvements in their innovation ranking – Global
National Institute of Technology Tiruchirappalli Innovation Index 2023 51 with Bahrain and Oman entering
University of Petroleum Energy Studies, Dehradun the top 70, and Jordan just outside. In sum, these are some
Savitribai Phule Pune University systematic and positive innovation rank developments in
the Middle East.
Shri Mata Vaishno Devi University
● Brazil (49th) makes it into the top 50 in 2023, following a
Siksha ‘O’ Anusandhan gradual ascent over recent years, overtaking Chile (52nd) as
the most innovative economy in Latin America and the
India Ranks 40th in Global Innovation Index 2023 Caribbean. Uruguay (63rd) and El Salvador (95th) are the
only two other economies within the region that improve
India retains 40th rank out of 132 economies in the Global
their ranking in 2023.
Innovation Index 2023 rankings published by the World
● Thailand (43rd) and Viet Nam (46th) consolidate their
Intellectual Property Organization. India has been on a rising
positions in the top 50, while the Philippines (56th) gets
trajectory, over the past several years in the Global Innovation
closer. Viet Nam and the Philippines continue marching
Index (GII), from a rank of 81 in 2015 to 40 in 2023. forward, after a setback in 2022, gaining two and three
Collaborative Efforts in Innovation ranks, respectively. Indonesia (61st) moves rapidly toward
The Confederation of Indian Industry (CII) has also been the top 60, following a rise over recent years. Together with
collaborating in India’s journey towards an innovation-driven China, India, the Islamic Republic of Iran (62nd), the
economy. This year, the NITI Aayog, in partnership with the Philippines, Türkiye and Viet Nam, Indonesia joins the
CII and the World Intellectual Property Organisation (WIPO), group of middle-income economies within the GII top 65
is hosting, virtually, the India Launch of the GII 2023 on 29th that climbed fastest in the GII ranking over the last decade.
September 2023. ● In the last four years, and since the start of the pandemic,
Mauritius (57th), Indonesia, Saudi Arabia, Brazil and
Which are the most innovative economies in 2023? Pakistan ascended most in the GII, in order of their rank
For the 13th year in a row, Switzerland is the most innovative progression.
economy in 2023 followed by Sweden, the United States, the ● In Central and Southern Asia, Kazakhstan (81st) and
United Kingdom and Singapore. Discover how other Uzbekistan (82nd) are close to the top 80, while Pakistan
economies are performing in the Global Innovation Index 2023 (88th) follows closely, the latter overperforming on
rankings. innovation once again in 2023.
10 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Nine out of the 26 economies from Sub-Saharan Africa 2023 Innovation Change from
Country/Economy
(SSA) covered this year improve their ranking. South Africa Rank 2022
(59th) enters the top 60. Rwanda (103rd and low-income Philippines 56th –
group leader) continues moving ahead. Senegal (93rd) and
Indonesia 61st –
Nigeria (109th) take two of the biggest leaps forward.
Excluding island economies, Senegal becomes the region’s Islamic Republic of
62nd –
third most innovative economy in 2023. Iran
Kazakhstan 81st –
Global Innovation Index 2023 in Tabular form:
Uzbekistan 82nd –
2023 Innovation Change from Pakistan 88th –
Country/Economy
Rank 2022
South Africa 59th –
Switzerland 1st –
Rwanda 103rd –
Sweden 2nd +1
Senegal 93rd –
United States (US) 3rd -1
Nigeria 109th –
Singapore 4th –
Finland 6th +3 About the Global Innovation Index
Now in its 16th edition, the Global Innovation Index is a
Denmark 9th –
leading reference for measuring an economy’s innovation
Republic of Korea 10th – ecosystem performance. Published annually, it is also a valuable
France 11th +1 benchmarking tool used by policymakers, business leaders, and
Japan 13th – other stakeholders to assess progress in innovation over time.

Israel 14th –
TCS Tops Kantar BrandZ Top Most Valuable Indian Brands
China 12th -1 Report 2023
Belgium 23rd +3 In the latest edition of the Kantar BrandZ Top 75 Most Valuable
Estonia 16th +2 Indian Brands Report for 2023, Tata Consultancy Services
Norway 19th – (TCS) has retained its prestigious position at the top of the list
with an impressive brand value of $43 billion. This article delves
Lithuania 34th +5
into the key findings and rankings of the report, shedding light
Latvia 37th +4 on the Indian brands that continue to thrive despite economic
Malaysia 36th – challenges.
Bulgaria 38th – The Top 10 Brands in the 2023 Report
Türkiye (Turkey) 39th – ● TCS continues to demonstrate its dominance in the Indian
market, maintaining its top spot with a remarkable brand
India 40th –
value of $43 billion. The company’s consistent performance
United Arab
32nd – and global presence have solidified its position as India’s
Emirates
most valuable brand.
Saudi Arabia 48th – ● HDFC Bank, a stalwart in the Indian banking sector, retains
Qatar 50th – its second-place ranking. Its unwavering brand strength and
Bahrain 67th – customer trust contribute to its brand value.
● Infosys, a tech industry titan, maintains its third position in
Oman 69th –
the rankings. Its strong focus on innovation and digital
Jordan 71st – transformation has ensured its enduring presence among
Egypt 86th – India’s top brands.
Brazil 49th – ● Airtel, a leading telecom provider, secures the fourth spot.
Its continued investment in network infrastructure and
Chile 52nd – customer-centric approach contribute to its brand’s
Uruguay 63rd – resilience.
El Salvador 95th – ● State Bank of India makes a notable entry into the top five,
underscoring its significance as a financial institution in
Thailand 43rd –
India. Its brand strength and reach across the nation are key
Viet Nam 46th – factors in this achievement.
11 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● ICICI Bank retains its prominence in the top 10, India's G20 Presidency: Key Achievements and Initiatives
underscoring its significance in the financial sector. 1. New Delhi Declaration: The G20 Summit's first day
Customer trust and innovative banking solutions are driving featured the issuance of the New Delhi Declaration, which
its brand value. set the stage for discussions on crucial economic topics.
● Asian Paints, a leader in the paint industry, maintains a Notably, it introduced a groundbreaking figure of $5.9
strong presence in the top 10. Its commitment to quality trillion for green financing requirements in developing
and innovation has earned it a place among India’s most nations, emphasizing climate financing.
valuable brands. 2. Geopolitical Diplomacy: India played a pivotal role in
● Reliance Jio, a disruptor in the telecom sector, secures a facilitating consensus on geopolitical issues, particularly the
position in the top 10. Its affordable data plans and Russia-Ukraine crisis. It engaged closely with Brazil, South
expansive network coverage have reshaped the Indian Africa, and Indonesia, demonstrating the influence of
telecom landscape. emerging markets in shaping diplomatic outcomes.
● Kotak Mahindra Bank’s consistent performance keeps it in 3. Inclusive Partnerships: The declaration recognized the
the top 10. Its customer-centric approach and financial contributions of Turkey and the UN-brokered Istanbul
services offerings contribute to its brand’s strength. Agreements in ensuring the unhindered delivery of grain,
● HCL Technologies rounds up the top 10. Its prowess in foodstuffs, and fertilizers between Russia and Ukraine.
providing IT services and solutions has established it as a 4. Diplomatic Endeavor: India's diplomatic efforts during the
significant player in the technology sector. G20 presidency were extensive, involving over 200 hours of
non-stop negotiations, 300 bilateral meetings, and 15 drafts
Kantar BrandZ Most Valuable Indian Brands Report 2023 to achieve consensus.
The 2023 ranking is based on the opinions of over 127,634
respondents who evaluated 1,500 brands across 106 categories. Global Impact and Recognition
This extensive survey provides valuable insights into the 5. Global Implications: The decisions made at the G20
perceptions and preferences of Indian consumers. Summit were acknowledged to have far-reaching
In conclusion, despite economic challenges and global consequences for the future, given the current global
challenges such as climate change, fragility, and conflict.
uncertainties, Indian brands continue to demonstrate their
The summit reaffirmed the G20's capacity to address
resilience and strength in the market. TCS’s consistent reign at
pressing global issues.
the top, along with the performance of other leading brands,
6. Diplomatic Breakthrough: The joint communique issued
underscores India’s diverse and thriving business landscape.
by the G20 leaders, amid intense negotiations, marked a
substantial diplomatic breakthrough. It underscored the
What India achieved in its G20 presidency?
commitment of all states to refrain from the use of force for
India's presidency of the G20 has seen significant territorial acquisition and deemed the use or threat of
accomplishments and highlights, as it brought together nuclear weapons as unacceptable.
member countries to address critical global issues, particularly
Key Transformations and Commitments
the war in Ukraine, and amplified the voice of emerging markets
7. African Union's Inclusion: One of the significant outcomes
as mediators. The New Delhi Declaration, issued during the
of India's G20 presidency was the African Union joining the
two-day G20 Summit, outlined the direction for future
G20 as a permanent member, signifying a milestone in
negotiations on key economic matters.
global diplomacy.
8. Enhanced Multilateral Development Banks (MDBs): The
G20 Independent Expert Group recommended
strengthening MDBs, with a focus on enhancing the World
Bank's financing capacity. Additionally, a roadmap for
implementing capital adequacy framework
recommendations for MDBs was endorsed, potentially
unlocking $200 billion in lending capacity over the next
decade.
9. Crypto Regulation: A global consensus on the need for
clearer policies and regulations for cryptocurrencies gained
momentum under India's leadership.
10. Debt Relief Framework: India facilitated a consensus on a
debt relief framework for Zambia, Ghana, and Ethiopia,
addressing their financial challenges.

12 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
11. Sustainable Cities: The financing of sustainable and Eugenio Lemos, Timor-Leste
resilient cities for the future was integrated into the Eugenio Lemos, from the Southeast Asian country of Timor-
framework, making it accessible to MDBs. Leste, is an agriculture expert who has helped the Timorese
12. Unanimous Agreement: All 83 paragraphs of the joint community embrace new ways to appreciate agriculture and
declaration enjoyed 100% consensus among all countries, nature preservation. Since his university days, Lemos promoted
exemplifying India's ability to foster unity and cooperation organic farming, and after being introduced to modern
on the global stage. sustainable agrosystems, he started working on implementing
13. Inclusive G20 Declaration: The G20 Declaration, without similar methods alongside the traditional Timorese culture.
any footnotes or chair's summary, demonstrated India's In 2001, Lemos established the organisation called
prowess in bringing diverse nations together for Permakultura Timor-Lorosa’e (Permatil), which hosts training
constructive dialogue and collaboration. camps for youths aged seventeen and above. In this training
program, the students are taught lessons on water and natural
65th Ramon Magsaysay Awards 2023 Winners List resource management, agriculture, aquaculture, and
The Ramon Magsaysay Award, often called the ‘Nobel Prize of agroforestry.
Asia’, is a notable accolade that represents exceptional spirit According to the Ramon Magsaysay Award Foundation, Lemos
and influential leadership. This year, in the ceremony’s 65th is an activist, a songwriter, and a singer, who isn’t shy of using
edition, four Asians were given the Ramon Magsaysay Award, his songs to talk about social issues to the general public. He is
joining the ranks of Sir Fazle Hasan Abed, Mother Teresa, Dalai known by his local community as a down-to-earth individual
Lama, Satyajit Ray, and many others. They are Korvi Rakshand who has made notable contributions to how young Timorese
from Bangladesh, Eugenio Lemos from Timor-Leste, Miriam views nature and their surroundings.
Coronel-Ferrer from the Philippines, and Dr Ravi Kannan R.
from India. The award carries a certificate, a medallion bearing Miriam Coronel-Ferrer, Philippines
the likeness of the late President, and a cash prize of USD Since the late 1970s, Miriam Coronel-Ferrer has played notable
50,000. contributions in settling war disputes and resisting her country’s
martial rule. This peace negotiator from the Philippines was part
Ramon Magsaysay Award 2023 Winners List of the drafting of the country’s first ‘National Action Plan on
Awardee Women, Peace, and Security’, an agenda that was eventually
Country Contribution
Name officially adopted in 2010.
Developing inclusive education Coronel-Ferrer is known for her strong stance on global political
Korvi
Bangladesh for the underprivileged children in issues and for endorsing inclusivity, being appointed the
Rakshand
Bangladesh Chairperson for the Philippine Government’s Peace Panel in
Notable contributions to how 2012. She co-founded the group called Southeast Asian Women
Eugenio Timor-
young Timorese views nature and Peace Mediators in 2020, providing a safe dialogue space for
Lemos Leste
their surroundings. women in the Phillippines and other Asian countries such as
Unwavering belief in the Myanmar and Afghanistan.
Miriam
transformative power of non- According to the Ramon Magsaysay Award Foundation,
Coronel- Philippines
violent strategies in Coronel-Ferrer was recognised for the award due to her
Ferrer
peacebuilding “unwavering belief in the transformative power of non-violent
Strong devotion to his medical strategies in peacebuilding”, among other notable contributions
Dr Ravi
profession, focusing on what
Kannan India that have made her a powerful voice that promotes inclusion,
medicine is truly for: pro-health
R. demotes violence, and preaches peace for women everywhere.
and people-centred treatment.
Dr Ravi Kannan R., India
Ramon Magsaysay Award 2023 Winners
Dr Ravi Kannan R., the first formally trained oncologist in the
Korvi Rakshand, Bangladesh Cachar Cancer Hospital and Research Centre (CCHRC), helped
Korvi Rakshand, the founder of the non-profit organisation develop the non-profit facility to become the full-fledged,
JAAGO Foundation, is the 13th Bangladeshi to have received comprehensive treatment centre it is known as today. The
the prestigious Ramon Magsaysay Award. Since its inception in current CCHRC is home to twenty-eight departments, including
2007, JAAGO has grown exponentially; providing free, but not limited to various aspects of cancer care such as
government-recognised English language education to over oncology, radiology, tumour registry, etc.
30,000 students throughout Bangladesh. CCHRC, under Kannan’s leadership, aims to become a state-of-
Ramon Magsaysay Award Foundation, Rakshand was the-art cancer centre where no patient, regardless of
recognised for his notable work in developing inclusive background or status, will be denied appropriate cancer
education for the underprivileged children in Bangladesh, which treatment. The hospital’s mantra revolves around taking care of
has further led to local youths adopting much-needed societal anyone in need of cancer care, with special emphasis on taking
changes. care of families suffering from poverty or grief.
13 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
According to the Ramon Magsaysay Award Foundation, Kannan Cons of ‘One Nation, One Election’
was selected for this year’s award because of his strong devotion ● Constitutional and Legal Challenges: Implementing ‘One
to his medical profession, focusing on what medicine is truly for: Nation, One Election’ would necessitate changes to the
pro-health and people-centred treatment. Kannan and his Constitution and other legal frameworks. It would require a
institution have helped millions in India, including locals from constitutional amendment and approval from state
Assam, find a reliable and inclusive healthcare facility. assemblies. While not a new concept, it has been
attempted only four times in the 1950s and 60s when India
had fewer states and a smaller population.
India Forms Committee To Explore Possibility Of ‘One
● Potential Overshadowing of Regional Issues: Critics argue
Nation, One Election’: Report
that ‘One Nation, One Election’ could overshadow regional
On 1st September, the Indian government announced the issues with national ones, potentially affecting the
formation of a committee led by former President of India, Ram electoral outcomes at the state level. This could undermine
Nath Kovind, to delve into the feasibility of ‘One Nation, One the representation of regional interests.
Election.’ This development follows the government’s ● Political Consensus: Gaining the consensus of all political
announcement to hold a special parliamentary session from parties is a significant hurdle. Opposition parties have
September 18th to 22nd, 2023, which has led to curiosity about expressed reservations and opposition to ‘One Nation, One
Election,’ citing concerns over its feasibility and implications
the session’s purpose.
for federalism.
Understanding ‘One Nation, One Election’
Anticipating Insights from the September 2023 Special
‘One Nation, One Election‘ is a concept aimed at synchronizing
Parliamentary Session on Electoral Reform
elections for the Lok Sabha (the lower house of India’s
The forthcoming special session of Parliament in September
Parliament) and all state assemblies. The central idea is to hold 2023 is expected to provide valuable insights into the
these elections simultaneously, either on a single day or within government’s intentions and its approach to this ambitious
a specific time frame. This proposal has garnered strong support electoral reform. Regardless of the outcome, the debate
from Prime Minister Narendra Modi, reflecting the surrounding ‘One Nation, One Election’ underscores the
government’s seriousness as a series of elections loom on the importance of ensuring efficient, transparent, and
horizon. Notably, assembly polls in five states are scheduled for representative democratic processes in India.
November or December this year, followed by the expected Lok
Sabha elections in May-June 2024. ISRO Aditya L1 Mission Launched

Pros of ‘One Nation, One Election’ ISRO Aditya L1 Mission Launched


● Cost Efficiency: One of the primary benefits of this proposal ISRO Aditya L1 mission was launched successfully on
is the significant reduction in the cost of conducting September 2, 2023 at 11:50 AM IST from the Satish Dhawan
elections. Currently, separate elections at various levels Space Centre in Sriharikota, India. The mission is India’s first
dedicated solar mission and will study the Sun’s atmosphere,
require substantial financial resources, and streamlining
including the chromosphere and corona. It will also study the
them could result in substantial savings.
solar wind and its interaction with the Earth’s atmosphere.
● Administrative and Security Efficiency: Simultaneous
The Aditya L1 spacecraft is a 1.5-ton satellite that is equipped
elections would alleviate the burden on administrative
with seven payloads. The payloads will study the Sun’s
and security forces, which are repeatedly engaged in atmosphere using a variety of methods, including remote
election duties during separate polls. This streamlining sensing and in-situ measurements. The spacecraft will be placed
could lead to better resource allocation and efficiency in in a halo orbit around the Sun-Earth Lagrange Point 1 (L1), which
these critical areas. is located about 1.5 million kilometers from Earth.
● Enhanced Governance: With ‘One Nation, One Election,’ The Aditya L1 mission is expected to last for five years. During
the government can focus more on governance rather than this time, it will collect valuable data about the Sun that will help
being in a perpetual election mode. Frequent elections scientists to better understand its behavior and its impact on
often disrupt policy implementation and hinder the Earth.
continuity of important initiatives.
Here are some more details about the Aditya L1 mission:
● Higher Voter Turnout: According to the Law Commission, ● The mission is named after Aditya, the Hindu god of the
simultaneous elections have the potential to increase voter Sun.
turnout. It simplifies the voting process for citizens, ● The spacecraft is about the size of a refrigerator and weighs
making it easier to participate in multiple elections at once. 1.5 tons.

14 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
It is equipped with seven payloads: Durand Cup 2023 began on August 3. The tournament’s 132nd
1. Visible Emission Line Coronagraph (VELC): This payload edition saw 24 teams, four more than last year, compete for the
will image the solar corona in the visible light spectrum. It coveted title.
will help to study the structure and dynamics of the corona,
Awards and Honours
and to understand the mechanisms that heat it up.
2. Solar Ultraviolet Imaging Telescope (SUIT): This payload Nandhakumar Sekar wins Golden Ball
will image the solar chromosphere and transition region in ● East Bengal forward Nandhakumar Sekar wins the Golden
the ultraviolet light spectrum. It will help to study the Ball award for the Durand Cup. He won three Player of the
heating and dynamics of these layers, and to understand Match awards and had also scored the winner in the
the origin of the solar wind. previous Kolkata derby.
3. Solar Low Energy X-ray Spectrometer (SoLEXS): This
payload will measure the spectrum of the solar X-rays. It will David Lalhlansanga wins Golden Boot
help to study the solar flares and coronal mass ejections, ● Mohammedan Sporting’s David Lalhlansanga is presented
and to understand the physics of the solar atmosphere. with the Golden Boot. He was just unlucky as his team failed
4. High Energy L1 Orbiting X-ray Spectrometer (HEL1OS): to make it to the knockouts with a one goal margin.
This payload will measure the spectrum of the solar X-rays
Vishal Kaith wins Golden Glove
in the high-energy range. It will help to study the solar flares
● Mohun Bagan Super Giant Vishal Kaith wins the Golden
and coronal mass ejections, and to understand the
Glove in this tournament after winning the same in the ISL
acceleration of particles in the solar atmosphere.
5. Plasma Analyser Package For Aditya (PAPA): This last season. He is awarded a cheque of three lakh rupees as
payload will measure the properties of the solar wind well.
plasma, such as its density, temperature, and composition. Mohun Bagan starting line-up!
It will help to study the interaction between the solar wind Mohun Bagan Super Giant: Vishal Kaith (GK), Anwar Ali, Hector
and the Earth’s magnetosphere. Yuste, Subhasish Bose, Asish Rai, Anirudh Thapa, Sahal Abdul
6. Aditya Solar wind Particle Experiment(ASPEX): This Samad, Hudo Boumous, Ashique Kuriniyan, Dimitri Petratos,
payload will measure the properties of the energetic Armando Sadiku
particles in the solar wind, such as their energy, charge, and
mass. It will help to study the acceleration of particles in the East Bengal Starting XI
solar atmosphere, and the effects of these particles on the Prabhsukhan Gil (GK) – Harmanjot Khabra, Jordan Elsey,
Earth’s atmosphere and environment. Lalchungnunga, Mandar Rao Desai, Borja Herrera, Mohamad
7. Solar Irradiance Monitor (SIM): This payload will measure Rakip – Nandhakumar Sekar, Saul Crespo, Naorem Mahesh
the solar irradiance, which is the total amount of energy Singh, Javier Siverio.
emitted by the Sun. It will help to study the variability of the
solar irradiance, and its effects on the Earth’s climate. National Teachers’ Day 2023: Date, History & Significance
● The spacecraft will be placed in a halo orbit around the
Sun-Earth Lagrange Point 1 (L1), which is located about National Teachers’ Day 2023
1.5 million kilometers from Earth. National Teachers’ Day in India is celebrated on September 5th
● The mission is expected to last for five years. every year. It is a day to honor and celebrate the contributions
The Aditya L1 mission is a major milestone for the Indian space of teachers to society. The day is also observed as a tribute to
program and will contribute significantly to our understanding the memory of Dr. Sarvepalli Radhakrishnan, the second
of the Sun. The data collected by the mission will help scientists President of India from 1962 to 1967. Dr. Radhakrishnan was a
to better understand the Sun’s atmosphere, its magnetic field, scholar, philosopher, and teacher. He was also a strong advocate
and its impact on Earth. This information will be invaluable for for education and believed that teachers played a vital role in
predicting space weather events, which can have a significant shaping the future of the nation. In 1962, when his students
impact on our planet asked him to celebrate his birthday, he requested that they
Mohun Bagan SG defeats East Bengal 1-0 at Durand Cup instead observe September 5th as Teachers’ Day. This year
finals National Teacher’s Day 2023 is celebrated on Monday.
On National Teachers’ Day, schools and educational institutions
Mohun Bagan Super Giant beat East Bengal (1-0) to win the hold special events to honor teachers. Teachers are given gifts,
Durand Cup 2023 trophy at the Salt Lake Stadium in Kolkata, flowers, and other tokens of appreciation. Students also
West Bengal. With this victory, Mohun Bagan SG became the perform cultural programs and give speeches to express their
first team in Durand Cup history to win 17 titles. With 16 titles, gratitude to their teachers. National Teachers’ Day is a day to
East Bengal are the second-most successful team in the Durand
reflect on the importance of teachers in our lives. Teachers are
Cup. With this victory, Mohun Bagan SG became the first team
the ones who help us learn and grow, and they deserve our
in Durand Cup history to win 17 titles. With 16 titles, East Bengal
respect and appreciation.
are the second-most successful team in the Durand Cup.

15 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Teachers’ Day History A Transformative Investment
In 1962, when Dr. S Radhakrishnan assumed office as the The ambitious project is set to become a reality with a proposed
President of India his students approached him seeking investment of Rs. 934 crore. Moreover, it promises to create
permission to celebrate September 5 as a special day. Instead, employment opportunities for over 800 individuals, thereby
Dr. Radhakrishnan asked his students to observe the date as contributing significantly to the local economy. This
Teacher’s Day in a bid to acknowledge the contribution of manufacturing facility holds the potential to be a pivotal force in
teachers to society. Globally, World Teachers Day is observed propelling the smartphone manufacturing ecosystem in
on October 5. It is an initiative led by organisations such as Telangana and the wider nation.
UNESCO, UNICEF and ILO.
Dr. Radhakrishnan’s students agreed to his suggestion and since Hyderabad Emerges as the Preferred Hub for Electronics
then, September 5th has been celebrated as Teachers’ Day in Manufacturing
India. The day is a reminder of the importance of teachers in our Hyderabad, the capital of Telangana, is garnering the attention
lives and the need to appreciate their hard work and dedication. of numerous electronics manufacturing giants as their preferred
hub. The state has already experienced substantial investments
National Teachers’ Day 2023 Significance from industry leaders such as Foxconn earlier this year. With the
Teacher’s Day is celebrated to show gratitude to teachers and substantial capital infusion by Corning Inc. into Telangana, the
other educators and schools and colleges all across India nation is on the brink of a new era in smartphone
celebrate the day by paying their tribute to Dr. Radhakrishnan. manufacturing, one that will impact not only the state but also
The day is not restricted to students in schools and colleges to resonate across the entirety of India.
show their gratitude for their teachers but also extends to
working professionals to show gratitude to mentors and Corning Inc.: A Pioneer in Materials Science
appreciate them for helping them grow in their careers. Headquartered in New York, Corning Inc. is a Fortune 500
Teachers Day is one such event to which students and teachers materials science company with a rich legacy spanning over 172
equally look forward. The Day is important for the students as it years. The company has been at the forefront of innovation,
gives them a chance to understand the efforts put in by their with expertise in glass science, ceramics science, and optical
teachers to ensure that they get a proper education. Similarly, physics. Most notably, Corning Inc. is renowned as the inventor
teachers also look forward to the Teachers’ Day celebration as of Gorilla Glass, a fortified glass that has found widespread use
their efforts get recognised and honoured by students and other in portable devices such as mobile phones, tablets, and
agencies as well. laptops.
Teachers, like Radhakrishnan, are builders of the nation’s future
as they ensure their students are armed with proper knowledge Global Fintech Fest 2023: Unveiling the World’s Premier
and wisdom to lead their lives responsibly. Teachers’ Day helps Fintech Conference
highlight their role, their plight and their rights in our society.
In a remarkable comeback, the Global Fintech Fest (GFF) is set
Here are some ways to celebrate National Teachers’ Day: to reclaim its title as the world’s largest fintech conference in
● Write a letter to your favorite teacher expressing your 2023. This year’s event promises to be a spectacular showcase
gratitude. of innovation and collaboration in the fintech industry. Let’s
● Give your teacher a small gift, such as flowers, chocolates, delve into the highlights of GFF 2023.
or a book.
● Volunteer at your child’s school to help out in the classroom. Global Fintech Fest 2023: Event Overview
● Donate to a scholarship fund for aspiring teachers. ● Duration: 3 Days
● Spread the word about the importance of teachers by ● Diverse Tracks: 13
sharing positive stories about them on social media. ● Eminent Speakers: 800+
● Cutting-Edge Reports: 15+
Telangana Grabs India’s First Gorilla Glass Factory ● Academic Insights: 81 Papers
In a significant development for India’s electronics ● Interactive Workshops: 50+
manufacturing sector, Corning Inc. is gearing up to establish its ● Global Reach: 125+ Countries
cutting-edge Gorilla Glass manufacturing facility in ● Engaging Sessions: 250+
Telangana. The proposed manufacturing unit will specialize in ● Investor Presence: 250+
producing cover glass for leading players in the smartphone ● Exhibitors: 500+
market. The establishment of Corning Inc.’s Gorilla Glass ● Expansive Venue: 150K Sq. Ft
manufacturing facility in Telangana is poised to revolutionize ● Innovation Hub: 3 Hackathons
India’s electronics manufacturing landscape. ● Distinguished Delegates: 50,000+

16 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Global Fintech Fest 2023: Key Supporters and Organizers 12-Point Proposal for Cooperation
GFF 2023 enjoys unwavering support from esteemed 1. Multi-Modal Connectivity: Proposal for a South-East Asia-
governmental and regulatory bodies, affirming its significance India-West Asia-Europe economic corridor.
in the fintech landscape. 2. Digital Public Infrastructure Sharing: India offered its
● Ministry of Electronics and Information Technology (MietY) Digital Public Infrastructure Stack to ASEAN nations.
● Department of Economic Affairs (DEA), Ministry of Finance 3. Digital Future Fund: Announcement of an ASEAN-India
● Reserve Bank of India (RBI) fund for Digital Future, focusing on digital transformation
● International Financial Services Centres Authority (IFSCA) and financial connectivity.
4. Support for ERIA: Renewed support for the Economic and
This monumental event is organized by:
● Payments Council of India (PCI) Research Institute of ASEAN and East Asia (ERIA) as a
● Fintech Convergence Council (FCC) knowledge partner.
● National Payments Corporation of India (NPCI) 5. Global South Representation: Collective advocacy for
Global South issues in multilateral forums.
Global Fintech Fest 2023: Inauguration by Smt. Nirmala 6. Traditional Medicine Center: Invitation for ASEAN
Sitharaman countries to join the WHO’s Global Centre for Traditional
The conference commenced with a prestigious inauguration Medicine in India.
ceremony graced by Smt. Nirmala Sitharaman, the Minister of 7. Mission LiFE: Call for cooperation on Mission LiFE.
Finance, Government of India. Her remarks emphasized the 8. Affordable Medicines: Offer to share India’s experience in
transformative role of fintech in India’s financial landscape. providing affordable and quality medicines through Jan-
● Fintech’s Inclusive Role: Smt. Sitharaman highlighted how Aushadhi Kendras.
fintech is fostering greater financial inclusion in India. 9. Counterterrorism Cooperation: A call for a collective fight
● Building a Global Responsible Financial Ecosystem: She against terrorism, terror financing, and cyber-
stressed the importance of fintech in shaping a responsible disinformation.
global financial ecosystem. 10. Disaster Resilience: Invitation for ASEAN countries to join
● Dynamic Financial Inclusion Tool: Fintech, in her words, the Coalition for Disaster Resilient Infrastructure.
has evolved into a robust and dynamic tool for financial 11. Disaster Management: Cooperation in disaster
inclusion. management.
Global Fintech Fest 2023: Conference Theme 12. Maritime Safety: Enhanced cooperation on maritime safety,
GFF 2023 revolves around a central theme that embodies the security, and domain awareness.
fintech industry’s aspirations and responsibilities. East Asia Summit Highlights
● Theme: ‘Global Collaboration for a Responsible Financial
Ecosystem: Inclusive | Resilient | Sustainable’ Support for EAS Mechanism
At the 18th East Asia Summit, Prime Minister emphasized the
Global Fintech Fest 2023: Global Partnerships
importance of the EAS mechanism and India’s commitment to
GFF 2023 has garnered support and participation from
its strengthening. He reaffirmed India’s support for ASEAN
renowned international agencies and countries.
centrality and advocated for a free, open, and rules-based Indo-
● International Collaborators: Notable partners include the
Pacific.
World Bank, the Global Knowledge Partnership on
Migration and Development (KNOMAD), the Consultative Quad’s Vision and ASEAN
Group to Assist the Poor (CGAP), and Women’s World PM Modi highlighted the alignment of visions for the Indo-
Banking. Pacific between India and ASEAN and emphasized ASEAN’s
● Country Partners: Leading nations such as Australia, Brazil, pivotal role in the Quad’s vision.
Great Britain, Germany, and Israel have joined as Country
Global Challenges and Initiatives
Partners for GFF 2023.
Prime Minister called for a cooperative approach to address
Prime Minister Modi Participated in the 20th ASEAN-India global challenges, including terrorism, climate change, resilient
Summit and 18th East Asia Summit (EAS) supply chains for essential items, and energy security. He
showcased India’s initiatives in climate change, such as ISA,
Prime Minister Modi participated in the 20th ASEAN-India
CDRI, LiFE, and OSOWOG.
Summit and engaged in comprehensive discussions with
ASEAN partners to reinforce the ASEAN-India Comprehensive Financial Connectivity and Think Tank Support
Strategic Partnership. He reaffirmed the central role of ASEAN PM Modi announced the establishment of the ASEAN India
in the Indo-Pacific and highlighted the alignment between Fund for Digital Future, aimed at enhancing financial
India’s Indo-Pacific Ocean’s Initiative (IPOI) and ASEAN’s connectivity between ASEAN and India. He also expressed
Outlook on the Indo-Pacific (AOIP). Emphasis was placed on the support for ERIA, an ASEAN think tank that will deepen ASEAN-
timely review of ASEAN-India FTA (AITIGA). India relations.

17 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Regional and International Issues ● Boys’ singles: Joao Fonseca
Leaders exchanged views on a range of regional and ● Girls’ singles: Katherine Hui
international issues during the summit. ● Boys’ doubles: Max Dahlin and Oliver Ojakaar
● Girls’ doubles: Mara Gae and Anastasiia Gureva
East Asia Summit Participants
● Wheelchair boys’ singles: Dahnon Ward
The East Asia Summit includes eighteen participating ● Wheelchair girls’ singles: Ksenia Chasteau
countries: ● Wheelchair boys’ singles: Dahnon Ward and Joshua Johns
1. ASEAN Member States: Brunei Darussalam, Cambodia, ● Wheelchair girls’ singles: Ksenia Chasteau and Maylee
Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Phelps
Singapore, Thailand, Viet Nam.
2. Other Nations: Australia, China, India, Japan, New What India achieved in its G20 presidency?
Zealand, the Republic of Korea, the Russian Federation, the
United States of America. India’s presidency of the G20 has seen significant
accomplishments and highlights, as it brought together
US Open 2023 Winners Complete list member countries to address critical global issues, particularly
the war in Ukraine, and amplified the voice of emerging markets
US Open 2023 came to an end on Sunday, September 10, with as mediators. The New Delhi Declaration, issued during the
the champions of all 19 disciplines being decided. Novak two-day G20 Summit, outlined the direction for future
Djokovic won his fourth title at the US Open and 24th Grand
negotiations on key economic matters.
Slam title by beating Daniil Medvedev 6-3, 7-6(5), 6-3 in the final.
Coco Gauff capped off her sensational American summer by India’s G20 Presidency: Key Achievements and Initiatives
winning her maiden Grand Slam title at the US Open by beating 1. New Delhi Declaration: The G20 Summit’s first day
Aryna Sabalenka 2-6, 6-3, 6-2 in the final. This tournament is the featured the issuance of the New Delhi Declaration, which
143rd edition. The tournament is going to be held at USTA set the stage for discussions on crucial economic topics.
Billie Jean King National Tennis Center in Flushing Meadows, Notably, it introduced a groundbreaking figure of $5.9
New York. trillion for green financing requirements in developing
The 2023 US Open’s overall player compensation will be $65 nations, emphasizing climate financing.
million, an all-time high for the event, as it’s an 8% increase from 2. Geopolitical Diplomacy: India played a pivotal role in
2022′s total of $60 million. facilitating consensus on geopolitical issues, particularly the
Here is the Complete List of US Open 2023 Winners in Russia-Ukraine crisis. It engaged closely with Brazil, South
Different Categories Africa, and Indonesia, demonstrating the influence of
emerging markets in shaping diplomatic outcomes.
S. 3. Inclusive Partnerships: The declaration recognized the
Category Winner Runner Up
No. contributions of Turkey and the UN-brokered Istanbul
Men’s Agreements in ensuring the unhindered delivery of grain,
1. Novak Djokovic Daniil Medvedev
Singles foodstuffs, and fertilizers between Russia and Ukraine.
Women’s 4. Diplomatic Endeavor: India’s diplomatic efforts during the
2. Coco Gauff Aryna Sabalenka
Singles G20 presidency were extensive, involving over 200 hours of
Rohan Bopanna non-stop negotiations, 300 bilateral meetings, and 15 drafts
Men’s Rajeev Ram and
3. and Matthew to achieve consensus.
Doubles Joe Salisbury
Ebden
Vera Zvonareva
Women’s Gabriela Dabrowski
4. and Laura
Doubles and Erin Routliffe
Siegemund
Mixed Harri Heliovaara Jessica Pegula and
5.
Doubles and Anna Dalinina Austin Krajicek
Other champions at US Open 2023
● Wheelchair Men’s singles: Alfie Hewett
● Wheelchair Women’s singles: Diede de Groot
● Wheelchair quad singles: Sam Schroder
● Wheelchair men’s doubles: Stephane Houdet and Takashi
Sanada
● Wheelchair women’s doubles: Yui Kamiji and Tgothatso
Montjane
● Wheelchair quad doubles: Sam Schroder and Niels Vink
18 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Global Impact and Recognition This year’s awardees constitute 12 scientists below the age of
5. Global Implications: The decisions made at the G20 45 and they include
Summit were acknowledged to have far-reaching
consequences for the future, given the current global Name Affiliation Field of Study
challenges such as climate change, fragility, and conflict. Ashwani CSIR-Institute of Microbial Biological
The summit reaffirmed the G20’s capacity to address Kumar Technology Sciences
pressing global issues. Maddika Centre for DNA
Biological
6. Diplomatic Breakthrough: The joint communique issued Subba Fingerprinting Diagnostics,
by the G20 leaders, amid intense negotiations, marked a Sciences
Reddy Hyderabad
substantial diplomatic breakthrough. It underscored the Akkattu Indian Institute of Science, Chemical
commitment of all states to refrain from the use of force for Biju Bengaluru Sciences
territorial acquisition and deemed the use or threat of Debabrata Indian Institute of Chemical
nuclear weapons as unacceptable. Maiti Technology, Bombay Sciences
Key Transformations and Commitments Earth and
Vimal Indian Institute of
7. African Union’s Inclusion: One of the significant outcomes Atmospheric
Mishra Technology, Gandhinagar
of India’s G20 presidency was the African Union joining the Sciences
G20 as a permanent member, signifying a milestone in Dipti
Indian Institute of Engineering
global diplomacy. Ranjan
Technology, Delhi Sciences
8. Enhanced Multilateral Development Banks (MDBs): The Sahoo
G20 Independent Expert Group recommended Rajnish Indian Institute of Engineering
strengthening MDBs, with a focus on enhancing the World Kumar Technology, Madras Sciences
Bank’s financing capacity. Additionally, a roadmap for Apoorva Indian Institute of Science Mathematical
implementing capital adequacy framework Khare and Science
recommendations for MDBs was endorsed, potentially Neeraj Microsoft Research Lab Mathematical
unlocking $200 billion in lending capacity over the next Kayal India Science
decade.
Dipyaman Indian Institute of Chemical Medical
9. Crypto Regulation: A global consensus on the need for
Ganguly Biology, Kolkata Sciences
clearer policies and regulations for cryptocurrencies gained
Anindya Indian Institute of Science, Physical
momentum under India’s leadership.
Das Bengaluru Sciences
10. Debt Relief Framework: India facilitated a consensus on a
debt relief framework for Zambia, Ghana, and Ethiopia, Basudeb Tata Institute of Physical
addressing their financial challenges. Dasgupta Fundamental Research Sciences
11. Sustainable Cities: The financing of sustainable and About the award Shanti Swarup Bhatnagar (SSB) awards
resilient cities for the future was integrated into the The Bhatnagar prizes are named after S.S. Bhatnagar, who was
framework, making it accessible to MDBs. the CSIR’s first director general from 1942 to 1954. The SSB
12. Unanimous Agreement: All 83 paragraphs of the joint Prize, instituted in the memory of the first Director General of
declaration enjoyed 100% consensus among all countries, the CSIR, is usually announced on the foundation day of the
exemplifying India’s ability to foster unity and cooperation institution on September 26. Bhatnagar Award, each of the
on the global stage.
value of Rupees five lakh, are awarded annually for notable and
13. Inclusive G20 Declaration: The G20 Declaration, without
outstanding research, applied or fundamental, in the following
any footnotes or chair’s summary, demonstrated India’s
disciplines:
prowess in bringing diverse nations together for
● Biological Sciences: This is jointly awarded to Dr. Ashwani
constructive dialogue and collaboration.
Kumar of CSIR-Institute of Microbial Technology and Dr.
Maddika Subba Reddy of Centre for DNA Fingerprinting
Shanti Swarup Bhatnagar Prize 2022 Winners Name
Diagnostics
Council of Scientific and Industrial Research (CSIR) has ● Chemical Sciences: This is jointly awarded to Dr. Akkattu T
publicised the list of awardees for the Shanti Swarup Biju of the Indian Institute of Science and Dr. Debabrata
Bhatnagar (SSB) awards for 2022, considered among the Maiti of the Indian Institute of Technology (Bombay)
prestigious prizes for science in India. After an unexplained delay ● Earth, Atmosphere and Planetary Sciences: This is
of nearly a year in the announcement always made on awarded to Dr. Vimal Mishra of the Indian Institute of
September 26, the CSIR’s foundation day. The CSIR had Technology (Gandhinagar)
announced the Bhatnagar winners for 2021 nearly two years ● Engineering Sciences: This is jointly awarded to Dr. Dipti
ago. Ranjan Sahoo of the Indian Institute of Technology (Delhi)
All the 12 winners for 2022 are men just as they were for 2021. and Dr. Rajnish Kumar of the Indian Institute of Technology
The 2020 winners had included two women scientists. (Madras)

19 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Mathematical Sciences: This jointly awarded to Dr. India Ascends to 30th Place with an Overall Score of 40.8 in
Apoorva Khare of the Indian Institute of Science and Dr. 2023, Up from 31st in 2022
Neeraj Kayal of Microsoft Research Lab In 2023, India’s ranking improved by one position, securing the
● Medical Sciences: This is awarded to Dr. Dipyaman Ganguli 30th spot with an overall score of 40.8. In the previous year, in
of CSIR- Indian Institute of Chemical Biology 2022, India held the 31st position out of 85.
India achieved its most remarkable performance in the
● Physical Sciences: This is jointly awarded to Dr. Anindya
“Movers” category, securing the 5th position. This category
Das of the Indian Institute of Science and Dr. Basudeb
evaluates countries based on their potential for future growth
Dasgupta of Physics Tata Institute of Fundamental and their readiness to face challenges presented by the global
Research. economy. In the realm of cultural influence and heritage, India
attained the 29th and 10th positions, respectively. In the power
Switzerland Ranked No. 1 In The World Best Countries category, India claimed the 12th spot.
Report 2023
The Methodology Behind the Rankings
Switzerland has once again claimed the title of the world’s best The rankings are developed in collaboration with global
country, according to the latest U.S. News & World Report’s marketing communications company WPP and the Wharton
School of the University of Pennsylvania. Based on a global
annual Best Countries rankings. This marks Switzerland’s
survey encompassing 87 countries and more than 17,000
second consecutive year at the pinnacle and its sixth time
respondents, these rankings evaluate countries based on 73
overall as the No. 1 nation on the list. attributes such as dynamism, safety, economic stability, and
Switzerland excels particularly in entrepreneurship (No. 6), commitment to social justice. Notably, Cyprus, Honduras, and
quality of life (No. 6), social purpose (No. 8), and cultural Zimbabwe have made their debut in the rankings, while El
influence (No. 8). It also claims the top spot for being open for Salvador rejoins the list after being absent in 2022.
business.
RBI (Classification, Valuation and Operation of Investment
The 2023 Rankings: Switzerland Leads the Way Portfolio of Commercial Banks) Directions, 2023
The rankings, released recently, reaffirm Switzerland’s
supremacy, closely followed by Canada at No. 2, Sweden at No. The Reserve Bank of India had issued a Discussion Paper (DP)
on January 14, 2022 proposing revisions to the current norms for
3, Australia at No. 4, and the United States at No. 5. The United
the classification, valuation, and operation of investment
States has slipped one spot compared to its 2022 ranking. In the
portfolios of commercial banks. After considering the feedback
2023 rankings, European countries dominate the top tier, received on the DP, the Reserve Bank of India (Classification,
securing 16 of the top 25 spots. Notable shifts include Germany, Valuation and Operation of Investment Portfolio of
which has fallen five spots since 2022, and Australia and New Commercial Banks) Directions, 2023 has been issued.
Zealand, both climbing three places year over year. The Middle
Revised norms
East is represented by the United Arab Emirates, while Asia
1. The revised Directions include principle-based classification
boasts Japan, Singapore, China, and South Korea within the top of investment portfolio, tightening of regulations around
25. transfers to/from held to maturity (HTM) category and
Top 10 countries globally, as ranked by the U.S. News & sales out of HTM, inclusion of non-SLR securities in HTM
subject to fulfilment of certain conditions and symmetric
World Report:
recognition of gains and losses.
Rank Country 2. These Directions are expected to enhance the quality of
banks’ financial reporting, improve disclosures (disclosures
1 Switzerland
of fair value of investments in HTM category, fair value
2 Canada hierarchy, sales out of HTM, etc.), provide a fillip to the
3 Sweden corporate bond market, facilitate the use of derivatives for
hedging, and strengthen the overall risk management
4 Australia
framework of banks.
5 United States 3. While the revised Directions align the accounting norms for
6 Japan banks’ investment portfolios with global financial reporting
standards, important prudential safeguards such as
7 Germany
investment fluctuation reserve (IFR), due diligence/limits
8 New Zealand with respect to non-SLR investments, internal control
9 United Kingdom systems, reviews and reporting etc. have been retained and
10 Netherlands prudential concerns on reliability of valuation have been
addressed.
20 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
4. The revised Directions shall apply to all commercial banks Investments in Subsidiaries, Associates, and Joint Ventures
(excluding Regional Rural Banks) from the financial year Investments in subsidiaries, associates, and joint ventures will
commencing on April 1, 2024. be held separately from other investment categories. These
investments will be initially recognised at their acquisition cost.
Categorisation of Investments If the investee entity later becomes a subsidiary, associate, or
The RBI’s new directives require banks to classify their joint venture, the carrying value will be adjusted accordingly.
investment portfolios into three main categories:
Impairment Evaluation
1. Held to Maturity (HTM): Under this existing category,
Banks are required to regularly assess the impairment of
banks should hold securities with the intention of keeping investments in subsidiaries, associates, and joint ventures.
them until maturity. These securities should provide regular Various indicators, such as defaults in debt repayments, credit
principal and interest payments. rating downgrades, and significant declines in fair value, will
2. Available for Sale (AFS): Securities categorised as AFS are trigger the need for impairment evaluation. In such cases, banks
those acquired with the objective of collecting contractual must obtain an independent valuation and make provisions for
cash flows while also having the option to sell them. impairment accordingly.
3. Fair Value through Profit and Loss (FVTPL): This is a new
category introduced by RBI and includes securities that do Asia Cup Final 2023, India beats Sri Lanka by 10 Wickets
not qualify for HTM or AFS. Securities in this category are India beat Sri Lanka by 10 wickets in the final of the Asia Cup
valued at fair market value, and any gains or losses are 2023 on September 17, 2023 at the R. Premadasa Stadium in
directly reflected in the bank’s profit and loss account. Colombo. It was India’s eighth Asia Cup title overall, and their
It’s important to note that the HTM category does not include first since 2018. Sri Lanka won the toss and elected to bat first.
certain securities, such as those with convertible features or loss Sri Lanka bowled out for just 50 runs, the lowest total in an Asia
absorbency features. Preference shares and equity shares are Cup final. Mohammed Siraj was the pick of the Indian bowlers,
also excluded from HTM classification. taking 6 wickets for 21 runs. In reply, India chased down the
target in just 6.1 overs without losing a wicket. Ishan Kishan
Initial Recognition scored 23 runs off 18 balls, while Shubhman Gill scored 27
Under the new RBI guidelines, all investments must be runs off 19 balls.
measured at fair value upon initial recognition. The presumption India’s victory was a comprehensive one, and it was a fitting end
is that the acquisition cost is the fair value unless specific to a successful tournament for them. They had topped the group
circumstances suggest otherwise. For example, if transactions stage with a perfect record, and they had beaten Sri Lanka twice
involve related parties, occur under duress, or take place outside in the tournament, including in the final. India’s victory in the
the principal market for that class of securities, the presumption Asia Cup 2023 was a morale-booster for the team ahead of the
ODI World Cup 2023, which will be held in India later this year.
may be tested. Government securities acquired through
auctions, switch operations, and open market operations Asia Cup Final 2023, Match Summary
conducted by the RBI will be recognised at the price at which • SL 50 (15.2)
they are allotted. • IND 51/0 (6.1)

Subsequent Measurement Asia Cup 2023 Full List Of Award Winners


● Asia Cup 2023 Winner- India (8th title) (Prize Money-
The treatment of securities varies depending on their $1,50000)
categorisation: ● Asia Cup 2023 runner-up- Sri Lanka (Prize Money- $75,000)
1. Held to Maturity (HTM): Securities in the HTM category ● Asia Cup 2023 Man of the Tournament- Kuldeep Yadav
will be carried at cost and will not be marked to market after (Prize Money- $15,000)
initial recognition. Any discounts or premiums on these ● Asia Cup 2023 most runs- S Gill (302)
securities will be amortised over the remaining life of the ● Asia Cup 2023 Man of the Match (Final) – Mohammed Siraj
instrument. ( Prize Money- $5000)
● Asia Cup 2023 most wickets- M Pathirana (SL)- 11
2. Available for Sale (AFS): AFS securities will be fair-valued
at least quarterly. Amortisation of discounts or premiums
Santiniketan on UNESCO World Heritage List
on debt securities in this category will be applied over the
remaining life of the instrument. Santiniketan, the cultural and educational hub founded by
3. Fair Value through Profit and Loss (FVTPL): Securities in Nobel laureate Rabindranath Tagore, has earned a coveted spot
the FVTPL category will be fair-valued, and any gains or on UNESCO’s World Heritage List. This recognition marks a
significant milestone for India and celebrates the enduring
losses from this valuation will be directly credited or debited
legacy of this unique institution located in Bengal’s Birbhum
to the profit and loss account.
district.

21 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
India has long been striving to secure a UNESCO designation for Visva-Bharati University
Santiniketan, acknowledging its cultural and historical
A Center of Excellence
significance. The decision to include Santiniketan in the
Santiniketan is home to Visva-Bharati University, one of India’s
prestigious list was made during the 45th session of the World
Heritage Committee, held in Saudi Arabia, reaffirming its most prestigious institutions. The university offers degree
importance on the global stage. programs in a wide range of disciplines, including humanities,
social sciences, sciences, fine arts, music, performing arts,
The UNESCO Recognition education, agricultural science, and rural reconstruction.
A Glorious Achievement Founded by Rabindranath Tagore
Santiniketan’s inclusion in the UNESCO World Heritage List is a Founded by Rabindranath Tagore, Visva-Bharati was later
testament to its cultural and educational significance. This declared a central university and an institution of national
recognition reaffirms the importance of preserving and importance through an Act of Parliament in 1951. Tagore’s
promoting the legacy of Rabindranath Tagore and the vision of holistic education and cultural exchange continues to
institution he built.
shape the institution’s ethos.
India’s Standing on the World Heritage List
The Prime Minister as Chancellor
With this latest addition, India now ranks sixth on the World
Visva-Bharati holds a unique status as the sole central university
Heritage List, further highlighting the nation’s commitment to
of West Bengal, and the Prime Minister of India serves as its
safeguarding its cultural and natural treasures. The inclusion of
chancellor. This distinction underscores the university’s
Santiniketan reinforces India’s status as a custodian of world
significance in the nation’s educational landscape.
heritage. Santiniketan now stands as India’s 41st World
Heritage site, solidifying its place in the nation’s rich cultural In conclusion, Santiniketan’s inclusion in UNESCO’s World
heritage. Heritage List is a momentous achievement for India. It not only
celebrates the enduring legacy of Rabindranath Tagore but also
The Journey to UNESCO Recognition recognizes the cultural and educational significance of
ICOMOS Recommendation Santiniketan and Visva-Bharati University. This UNESCO
Santiniketan’s path to UNESCO recognition was paved by a designation ensures that this cultural gem will be preserved and
recommendation from the International Council on Monuments celebrated for generations to come.
and Sites (ICOMOS), an international advisory body based in RBI releases list of 15 NBFCs in ‘Upper Layer’ under
France. Comprising professionals, experts, representatives from
local authorities, companies, and heritage organizations, In the year 2023-24, RBI released the names of 15 NBFCs that
ICOMOS is dedicated to the preservation and enhancement of fall under the Upper Layer (UL)/NBFC-UL of the SBR. This
architectural and landscape heritage worldwide. Their article provides an in-depth exploration of the SBR framework,
endorsement played a pivotal role in Santiniketan’s journey to its layers, and its implications for the NBFC sector in India. In
the World Heritage List. October 2021, the Reserve Bank of India (RBI) introduced a
groundbreaking regulatory framework known as Scale Based
The Legacy of Santiniketan
Regulation (SBR) for Non-Banking Financial Companies
A Spiritual Haven (NBFCs). This framework aims to categorize NBFCs based on
Santiniketan, originally an ashram established by Rabindranath their asset size and other critical factors, providing a clear
Tagore’s father, Maharshi Debendranath Tagore, served as a roadmap for regulation.
spiritual retreat. It welcomed individuals, irrespective of their
caste and creed, to meditate before the one Supreme God. This Understanding Scale Based Regulation (SBR)
inclusive ethos laid the foundation for what would become a Scale Based Regulation (SBR) is a revised regulatory framework
cultural and educational powerhouse. introduced by RBI for NBFCs in India. This framework is
designed to categorize NBFCs based on their asset size and
Maharshi Debendranath Tagore’s Influence activities, allowing for more tailored regulatory oversight.
Maharshi Debendranath Tagore, a prominent figure in the
Here’s a breakdown of the key aspects of the SBR:
Indian Renaissance, left an indelible mark on Santiniketan. His
contributions included the construction of the Santiniketan I. Base Layer (NBFC-BL)
Griha and the beautiful stained glass Mandir, a non- The Base Layer primarily consists of non-deposit-taking NBFCs
denominational temple where worship transcended religious with assets below Rs 1,000 crore. It includes NBFC Peer to Peer
boundaries. These structures, dating back to the second half of (P2P), NBFC-Account Aggregator (AA), Non-Operative
the 19th century, hold immense historical and spiritual Financial Holding Company (NOFHC), and NBFCs without public
significance. funds and customer interface.

22 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
II. Middle Layer (NBFC-ML) Companies (NBFC-MGC), may be placed in any of the layers of
The Middle Layer encompasses deposit-taking NBFCs and non- the regulatory structure depending on various parameters
deposit-taking NBFCs with assets exceeding Rs 1,000 crore. It determined by RBI.
also includes NBFCs engaged in specific activities such as
Standalone Primary Dealers (SPDs), Infrastructure Debt Fund – The Implications of SBR
NBFCs (IDF-NBFCs), Core Investment Companies (CICs), The introduction of the SBR framework by RBI carries significant
Housing Finance Companies (HFCs), and Infrastructure Finance implications for the NBFC sector in India. It allows for a more
Companies (NBFC-IFCs). nuanced and risk-based approach to regulation, ensuring that
NBFCs are subject to appropriate levels of oversight based on
III. Upper Layer (NBFC-UL) their size and activities. Here are some key implications:
The Upper Layer includes NBFCs identified by RBI as warranting
enhanced regulatory requirements based on specific 1. Tailored Regulatory Oversight
parameters and scoring methodology. The top 10 eligible NBFCs NBFCs will receive regulatory oversight tailored to their specific
in terms of asset size will always reside in the Upper Layer, risk profiles and activities, reducing the burden of excessive
regardless of other factors. regulation on smaller entities while ensuring robust oversight
for larger and potentially systemic NBFCs.
IV. Top Layer (NBFC-TL)
NBFCs in the Upper Layer can be moved to the Top Layer if RBI 2. Systemic Risk Mitigation
recognizes a substantial increase in potential systemic risk. As of The ability to move NBFCs to the Top Layer in the event of
now, the Top Layer remains ideally empty, but it serves as a increased systemic risk ensures that the RBI can respond swiftly
contingency for increased risk. to emerging threats to financial stability.
Placement of Other NBFCs 3. Clarity and Transparency
NBFCs falling outside the predefined layers, such as Investment The SBR framework brings clarity and transparency to the
and Credit Companies (NBFC-ICC), Micro Finance Institutions regulatory landscape for NBFCs, allowing market participants to
(NBFC-MFI), NBFC-Factors, and Mortgage Guarantee better understand their obligations and requirements.
Here is the list of NBFC-UL for 2023-24:

S. No. Company Name Type Category


1 LIC Housing Finance Limited Deposit taking Housing Finance Company
Non-Banking Financial Company –
2 Bajaj Finance Limited Deposit taking
Investment and Credit Company (NBFC-ICC)
Shriram Finance Limited (formerly Shriram Non-Banking Financial Company –
3 Deposit taking
Transport Finance Company Limited) Investment and Credit Company (NBFC-ICC)
Core Investment
4 Tata Sons Private Limited –
Company (CIC)
Non-Banking Financial Company –
5 L & T Finance Limited Non-deposit taking
Investment and Credit Company (NBFC-ICC)
6 Piramal Capital & Housing Finance Limited Non-deposit taking Housing Finance Company
Cholamandalam Investment and Finance Non-Banking Financial Company –
7 Non-deposit taking
Company Limited Investment and Credit Company (NBFC-ICC)
8 Indiabulls Housing Finance Limited Non-deposit taking Housing Finance Company
Mahindra & Mahindra Financial Services Non-Banking Financial Company –
9 Deposit taking
Limited Investment and Credit Company (NBFC-ICC)
Non-Banking Financial Company –
10 Tata Capital Financial Services Limited Non-deposit taking
Investment and Credit Company (NBFC-ICC)
11 PNB Housing Finance Limited Deposit taking Housing Finance Company
Non-Banking Financial Company –
12 HDB Financial Services Limited Non-deposit taking
Investment and Credit Company (NBFC-ICC)
Non-Banking Financial Company –
13 Aditya Birla Finance Limited Non-deposit taking
Investment and Credit Company (NBFC-ICC)
Non-Banking Financial Company –
14 Muthoot Finance Limited Non-deposit taking
Investment and Credit Company (NBFC-ICC)
15 Bajaj Housing Finance Ltd. Non-deposit taking Housing Finance Company

23 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Government Launches Three Transformative Initiatives for 1. Growth in Regular Jobs
Farmers The report reveals that from 2004 to 2017, India witnessed an
annual creation of three million regular jobs. However,
In a significant move aimed at revolutionizing agriculture in between 2017 and 2019, this figure surged to five million jobs,
India, the government has announced the launch of three game- indicating a positive trend in employment opportunities.
changing initiatives. These initiatives, which focus on agri-credit
and crop insurance, were unveiled by Finance Minister Nirmala 2. Diminished Pace Since 2019
Sitharaman and Union Minister of Agriculture & Farmers’ Despite the initial growth, the report underlines a significant
slowdown in the creation of regular wage jobs since 2019. This
Welfare, Narendra Singh Tomar. The initiatives are set to
deceleration is attributed to economic slowdown and the
amplify financial inclusion, harness technology, and improve the
disruptive effects of the pandemic.
livelihoods of farmers across the country.
3. Limited Social Security
1. Kisan Rin Portal (KRP): A Digital Leap in Agri-Credit One concerning aspect is that only 6% of these regular jobs
Developed in collaboration with multiple government provide any form of social security, including health insurance or
departments, the Kisan Rin Portal (KRP) is poised to transform accidental care insurance. This raises questions about the
access to credit services under the Kisan Credit Card (KCC) stability and well-being of the workforce.
Scheme. This digital platform provides farmers with a
comprehensive view of their data, loan disbursement specifics, 4. Gender Disparities
Over the years, there has been a positive shift in gender
interest subvention claims, and facilitates efficient agriculture
representation in regular jobs. The proportion of men in such
credit. It promises to simplify and streamline the borrowing
roles increased from 18% to 25%, and for women, it rose from
process for farmers.
10% to 25%. This indicates progress in gender inclusivity in the
2. Door to Door KCC Campaign: Ensuring Universal Financial workforce.
Inclusion 5. Reduction in Caste-based Segregation
The Ghar Ghar Kisan Credit Card (KCC) Abhiyaan is an ambitious The report highlights a decrease in caste-based segregation in
campaign that seeks to extend the benefits of the Kisan Credit employment. In 2004, over 80% of sons of casual wage workers
Card (KCC) Scheme to every farmer in India. With a total of 7.35 remained in casual employment, but this figure decreased to
Crore operative KCC accounts and a sanctioned limit of 8.85 lakh 53% for non-SC/ST castes by 2018. This suggests a decline in
crores rupees as of March 2023, this campaign aims to ensure caste-related employment disparities.
that every farmer has unhindered access to credit facilities. It
6. Earnings Disparities
envisions universal financial inclusion, empowering farmers with
Gender-based earnings disparities have reduced over the past
the financial resources they need. two decades. In 2004, women in salaried positions earned 70%
3. Weather Information Network Data Systems (WINDS) of what men earned. By 2017, this gap had narrowed, with
Manual: Data-Driven Insights for Farmers women earning 76% of men’s earnings. This trend has remained
The Weather Information Network Data Systems (WINDS) relatively constant up to 2021-22.
initiative is a groundbreaking innovation that leverages 7. Post-COVID Unemployment
advanced weather data analytics. By providing stakeholders Following the COVID-19 pandemic, the report notes that the
with actionable insights on weather patterns, WINDS aims to unemployment rate in India was lower than pre-pandemic
assist farmers in making informed decisions about their levels for all education levels. However, the unemployment rate
agricultural activities. This data-driven approach will enhance for graduates, particularly those under 25 years old, remains a
crop management and help farmers mitigate the impact of concern, touching a significant 42%. Additionally, the report
adverse weather conditions. highlights a distress-led increase in self-employment among
women, with 60% of women being self-employed post-COVID.
Increasing Regular Jobs but Lingering Unemployment This shift has resulted in a decline in real earnings from self-
Concerns: Report employment.

In a recent report titled “State of Working India 2023: Social Government Comes Out With A New Set Of National
Identities and Labour Market Outcomes,” a group of Awards Known As “Rashtriya Vigyan Puraskar’’
economists and researchers from Azim Premji University shed
The Government of India has recently introduced a prestigious
light on the employment landscape in India. This report
set of National Awards in the field of Science, Technology, and
highlights the dynamics of job creation, the prevalence of Innovation, known as the “Rashtriya Vigyan Puraskar” (RVP).
regular wage jobs, caste-based segregation, gender-based These awards serve a vital role in recognizing and honoring the
earnings disparities, and the impact of the COVID-19 pandemic exceptional contributions made by scientists, technologists, and
on unemployment rates. Let’s delve into the key findings of the innovators who have significantly impacted various domains of
report. science, technology, and technology-led innovation.

24 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
The Vision Behind Rashtriya Vigyan Puraskar A Multidisciplinary Approach
The primary objective of the Rashtriya Vigyan Puraskar is to The Rashtriya Vigyan Puraskar encompasses 13 domains,
acknowledge and celebrate the remarkable work accomplished ensuring comprehensive recognition of achievements in the
by individuals or teams in the realm of science, technology, and scientific and technological spectrum. Gender parity is also a
innovation. This initiative aims to inspire and motivate crucial aspect, ensuring representation from each field.
scientists, technologists, and innovators to continue their
pursuit of excellence, driving progress and innovation in India. SNo Scientific Domains
1 Physics
A Landmark Recognition
The Rashtriya Vigyan Puraskar stands as one of the highest 2 Chemistry
honors within the scientific and technological community in 3 Biological Sciences
India. It encompasses individuals from diverse backgrounds, 4 Mathematics
including those working in government, private sector
5 Computer Science
organizations, or as independent contributors to the scientific
and technological landscape. The awards recognize path- 6 Earth Science
breaking research, innovative discoveries, and technological 7 Medicine
advancements that have made a significant impact on society. 8 Engineering Sciences
The Four Distinct Categories 9 Agricultural Science
The Rashtriya Vigyan Puraskar consists of four distinct
10 Environmental Science
categories to accommodate a wide range of contributions:
11 Technology & Innovation
1. Vigyan Ratna (VR) Award
12 Atomic Energy
This award honors lifetime achievements and substantial
contributions made by individuals in any field of science and 13 Space Science and Technology
technology. It recognizes the cumulative impact of their work
Rigorous Selection Process
over the years.
Nominations for the Rashtriya Vigyan Puraskar awards are
2. Vigyan Shri (VS) Award meticulously reviewed by the Rashtriya Vigyan Puraskar
Distinguished contributions in any field of science and Committee (RVPC). The RVPC, headed by the Principal
technology are acknowledged through this award. It highlights Scientific Adviser (PSA) to the Government of India, comprises
the exceptional efforts of individuals who have made a lasting Secretaries of Science Departments, members of Science and
mark in their respective domains. Engineering Academies, as well as distinguished scientists and
technologists from various fields of science and technology. This
3. Vigyan Yuva-Shanti Swarup Bhatnagar (VY-SSB) Award
ensures the highest level of transparency and fairness in the
This category encourages and recognizes young scientists
selection process.
under the age of 45 who have made exceptional contributions
in the field of science and technology. It aims to nurture and The Nomination Timeline
motivate the emerging talent in India. Nominations for these prestigious awards are invited annually,
beginning on January 14th, coinciding with National Science
4. Vigyan Team (VT) Award
Day, and remaining open until February 28th. The winners of the
Teamwork often leads to groundbreaking discoveries. The VT
Rashtriya Vigyan Puraskar are officially announced on May 11th,
Award is presented to teams comprising three or more
National Technology Day, and the Award Ceremony for all
scientists, researchers, or innovators who have made an
categories is held on August 23rd, National Space Day. Each
outstanding contribution while working collectively in any field
award includes a certificate (Sanad) and a medal.
of science and technology.
Eligibility Criteria Most Important Current Affairs of August
The Rashtriya Vigyan Puraskar is open to scientists,
technologists, and innovators working in various sectors, India Becomes 4th Country landed Successfully on Moon
including government and private organizations. To be eligible, India successfully landed its Chandrayaan-3 mission on the
candidates must have made distinguished contributions lunar surface on August 23, 2023, making it the fourth country
through path-breaking research, innovation, or discovery in to do so after the United States, Russia, and China. The lander
any field of science, technology, or technology-led innovation. Vikram touched down on the south pole of the moon, a region
Individuals of Indian origin residing abroad who have that has never been explored before. The rover Pragyan is
significantly benefited Indian communities or society as a expected to roll out of the lander and begin its exploration of the
whole are also eligible for these prestigious awards. lunar surface in the coming days.

25 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
The successful landing of Chandrayaan-3 is a major achievement P Veeramuthuvel, Chandrayaan-3 project director
for India’s space program and a testament to the hard work and The project director for India’s latest lunar touch-down mission
dedication of the scientists and engineers who made it possible. is P Veeramuthuvel. In 2019, he took charge for the mission.
It also puts India in a select group of spacefaring nations and Veeramuthuvel was serving as a deputy director in the Space
furthers its ambition to become a leading player in the global Infrastructure Programme Office at the ISRO headquarters
space race. before the Moon mission started. He is known for his technical
The Chandrayaan-3 mission is expected to collect valuable data skills. Veeramuthuvel played a key role in Chandrayaan-2
about the lunar south pole, which is thought to be rich in water mission as well, being the point person for its negotiations with
ice. This information could be used to support future human National Aeronautics and Space Administration (NASA). A
exploration of the moon. The mission is also expected to help native of Villupuram in Tamil Nadu, Veeramuthuvel is an alumni
scientists to better understand the formation and evolution of of Indian Institute of Technology in Madras (IIT-M).
the moon.
Mohana Kumar, Mission director
The successful landing of Chandrayaan-3 is a proud moment for
S Mohana Kumar, a senior scientists from the Vikram Sarabhai
India and a significant step forward in our exploration of space. I
Space Centre, is the mission director for Chandrayaan-3. Kumar
am confident that this mission will pave the way for many more
has worked as the director for the successful commercial launch
successes in the years to come.
of the One Web India 2 satellites on board the LVM3-M3 mission.
Chandrayaan-3: Team behind India’s Moon mission S Unnikrishnan Nair, Vikram Sarabhai Space Centre (VSSC)
director
Indian spacecraft Chandrayaan-3 has completed the last
S Unnikrishnan Nair is the head of Vikram Sarabhai Space
endeavor and made a soft landing on the surface of the Moon.
Centre (VSSC) at Thumba in Kerala’s Thiruvananthapuram
The touch down took place at 6:04 pm on August 23, 2023, as
district. He and his team are responsible for the key functions of
scheduled. With Chandrayaan-3’s successful lunar touchdown,
the crucial mission. The Geosynchronous Satellite Launch
India has joined the ranks of the United States, China, and the
Vehicle (GSLV) Mark –III, which was renamed as Launch Vehicle
former Soviet Union as the fourth nation to master the
Mark-III, rocket, was also developed by the Vikram Sarabhai
technology of soft lunar landings. Nearly 54 female
Space Centre (VSSC)
engineers/scientists participated in Chandrayaan-3 mission.
According to an ISRO official, they are “associate and deputy M Sankaran, U R Rao Satellite Centre (URSC) director
project directors and project managers of various systems.” The director of U R Rao Satellite Centre, M Sankaran, is
responsible for leading the satellite fraternity to meet the
Here are some of the key people behind Chandrayaan-3:
national requirements in the areas like communication,
S Somanath, ISRO Chairman navigation, remote sensing, meteorology and inter-planetary
The brain behind India’s ambitious Moon mission is ISRO chief
exploration. In June, 2021, he took over as director of the lead
S Somanath. Somanath has also been given the credits for
centre in India for design, development and realisation of all
accelerating ISRO’s other missions including Gaganyaan and
satellites of ISRO.
Sun-mision Aditya-L1. Somanath has also served as the
director of the Vikram Sarabhai Space Centre (VSSC) and the A Rajarajan, Launch Authorisation Board (LAB) chief
Liquid Propulsion Systems Centre — the primary centres for A scientist and director of the Satish Dhawan Space Centre
development of rocket technologies for ISRO, before heading SHAR (SDSC SHAR), Sriharikota, A Rajarajan, is an expert in the
India’s space organisation. area of composites. He was looking after the fruition of solid
motor production and launch complex infrastructure to meet
ISRO’s increased demand of launches including launches for
Human Space Programme (Gaganyaan) and SSLV. The Launch
Authorisation Board (LAB) gives the go-ahead for the launch.
77th Indian Independence Day 2023: Date, Celebrations,
Theme and History
India celebrating their 77th Independence Day on August 15,
2023. The theme for this year’s celebration is “Nation First,
Always First”. This theme is in line with the government’s focus
on national unity and development. The daybegin with the
hoisting of the national flag at the Red Fort in Delhi by the Prime
Minister. This followed by a military parade and a cultural
program. There will also be flag hoisting ceremonies and cultural
programs all over the country.
26 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
The 77th Independence Day is a significant milestone for India. ● The date of August 15 was chosen as Independence Day
It is a time to reflect on the country’s journey since because it was the day that the Indian Independence Act of
independence and to recommit to the values of freedom, 1947 came into effect. This act transferred power from the
democracy, and equality. It is also a time to celebrate the British to the Indian government.
diversity and unity of the Indian nation. ● The first Independence Day celebration was held in 1947.
The Prime Minister of India, Jawaharlal Nehru, hoisted the
Here are some of the events that will be held on 77th Indian
Independence Day: national flag at the Red Fort in Delhi. He gave a speech in
● The Prime Minister will hoist the national flag at the Red which he outlined the challenges that India faced as an
Fort in Delhi. independent nation.
● There will be a military parade at Rajpath in New Delhi. ● Independence Day is a national holiday in India. It is a day to
● There will be cultural programs at various places across the celebrate the freedom and unity of India. It is also a time to
country. remember the sacrifices of the freedom fighters who fought
● The government will release a commemorative postage for India’s independence.
stamp and coin. Here are some of the key events that led to India’s independence:
● There will be special prayers and religious ceremonies in India’s independence was a major achievement for the Indian
temples, mosques, churches, and gurudwaras. people. It was the culmination of decades of struggle and
● People will gather in public places to celebrate the occasion. sacrifice. It is a day to celebrate the freedom and unity of India,
Celebrations of Independence Day 2023 and to remember the sacrifices of the freedom fighters who
Independence Day is a time to celebrate the freedom and unity fought for India’s independence.
of India. It is also a time to remember the sacrifices of the ● 1857: The Indian Rebellion, also known as the Sepoy
freedom fighters who fought for India’s independence. Mutiny, was a major uprising against British rule in India.
● Flag hoisting ceremonies: The Prime Minister of India The rebellion was suppressed by the British, but it helped to
hoists the national flag at the Red Fort in Delhi at the stroke raise awareness of the growing Indian independence
of midnight on August 14-15. This is followed by flag movement.
hoisting ceremonies all over the country, in schools, ● 1885: The Indian National Congress was founded. The
colleges, government offices, and public places. Congress was a political party that advocated for Indian
● Military parades: There is a military parade at Rajpath in independence.
New Delhi, which is attended by the President, Prime ● 1905: The Partition of Bengal was a plan by the British to
Minister, and other dignitaries. The parade showcases the divide the province of Bengal into two parts, one Hindu-
might of the Indian Armed Forces. majority and one Muslim-majority. The partition was met
● Cultural programs: There are cultural programs held at with widespread protests, and it helped to further divide the
various places across the country, showcasing the rich Indian independence movement.
culture and heritage of India. These programs feature ● 1920: Mahatma Gandhi launched the Non-Cooperation
music, dance, and drama. Movement. The movement was a major turning point in the
● Commemorative events: The government releases a Indian independence movement. It was based on the
commemorative postage stamp and coin on Independence principle of nonviolent resistance, and it helped to mobilize
Day. There are also special prayers and religious ceremonies millions of Indians against British rule.
in temples, mosques, churches, and gurudwaras. ● 1930: Mahatma Gandhi launched the Salt March. The Salt
● Public gatherings: People gather in public places to March was a major protest against the British salt
celebrate the occasion. They sing patriotic songs, dance, monopoly. It helped to further popularize the Indian
and distribute sweets. independence movement.
History of Independence Day 2023 ● 1942: The Quit India Movement was launched by the Indian
The history of Indian Independence Day can be traced back to National Congress. The movement called for the British to
the early 19th century, when the Indian independence immediately quit India. It was met with widespread
movement began to gain momentum. The movement was led protests, and it led to the imprisonment of many Indian
by a number of prominent figures, including Mahatma Gandhi, leaders, including Mahatma Gandhi.
Jawaharlal Nehru, and Subhas Chandra Bose. ● 1947: India gained independence from Britain. The
● The movement was met with much resistance from the independence was marked by the partition of India into two
British, who ruled India at the time. However, the countries, India and Pakistan. The partition was a bloody
movement continued to grow in strength, and eventually and chaotic process, and it led to the deaths of millions of
led to India’s independence on August 15, 1947. people.

27 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
India’s Tiger Population Reaches 3,925 with 6.1% Annual IV. Tiger Reserve Abundance
Growth Rate Tiger Reserve Tiger Population

In 1973, the Government of India launched Project Tiger, a Corbett 260


comprehensive conservation project aimed at protecting the Bandipur 150
nation’s tiger population and preserving biodiversity. Over the Nagarhole 141
past fifty years, Project Tiger has achieved remarkable success, Bandhavgarh 135
with India currently harboring almost 75% of the world’s wild Dudhwa 135
tiger population. On Global Tiger Day, 29th July 2023, Minister
Mudumalai 114
of State for Environment, Forest, and Climate Change, Ashwini
Kanha 105
Kumar, released a comprehensive report revealing India’s tiger
population estimate of 3,925, with an annual growth rate of Kaziranga 104
6.1%. Sundarbans 100
Tadoba 97
I. Project Tiger’s Success and Evolution:
● Project Tiger was initiated in 1973, initially covering nine Sathyamangalam 85
tiger reserves spanning 18,278 km2. It has now expanded to Pench-MP 77
53 reserves spread across 75,796 km2, effectively covering
V. Conservation Challenges and Measures:
2.3% of India’s total land area. ● Approximately 35% of tiger reserves urgently require
● The first phase of tiger conservation focused on enacting enhanced protection measures, habitat restoration,
the Wildlife Protection Act and establishing protected ungulate augmentation, and subsequent tiger
areas, while the second phase in 2005 adopted a landscape- reintroduction.
level approach, community involvement, strict law ● Challenges like poaching continue to pose a threat to tiger
enforcement, and scientific monitoring. conservation.
● To preserve ecological integrity, eco-friendly development,
II. The Growth of India’s Tiger Population: minimizing mining impacts, and addressing human-wildlife
● In 2022, during the celebration of 50 years of Project Tiger, conflict are crucial steps.
the Hon’ble Prime Minister declared the minimum tiger ● Fortifying protected area management and intensifying
population estimate of 3,167 from the camera-trapped area. anti-poaching measures are essential for the future of
India’s tigers and their ecosystems.
● Further analysis of data by the Wildlife Institute of India,
considering both camera-trapped and non-camera-trapped
Hiroshima Day 2023: Date, Background and Significance
tiger presence areas, resulted in an estimated tiger
population of 3,925 with an annual growth rate of 6.1% per On 6th August 1945, the world witnessed the most devastating
events in human history when the United States dropped an
annum.
atomic bomb on the Japanese city of Hiroshima. This act
● Notably, Central India and the Shivalik Hills and Gangetic
resulted in the loss of thousands of innocent lives and forever
Plains saw significant increases in tiger population, altered the course of humanity. Since, then August 6th has been
particularly in Madhya Pradesh, Uttarakhand, and observed as Hiroshima Day, a solemn occasion to
Maharashtra. However, certain regions, like the Western commemorate the victims and reflect on the horrors of nuclear
Ghats, experienced localized declines, requiring targeted warfare. 6th August 2023, 78th Hiroshima Day, holds a
conservation efforts. significant position in the history.

III. States with Largest Tiger Populations History of Hiroshima Day


Hiroshima, a city of cultural significance, was instantly
India’s Tiger Population Reaches 3,925 with 6.1% Annual
transformed into a haunting landscape of death and destruction
Growth Rate, Holds 75% of Global Wild Tiger Population
in the blink of an eye. The atomic bomb, named ‘Little Boy’,
State Tiger Population killed an estimated 140,000 people by the end of 1945, either
directly or through the subsequent effects of radiation. Most
Madhya Pradesh 785 of the people suffered severe injuries and the survivors endured
Karnataka 563 lifelong health issues.
Uttarakhand 560 The tragedy of Hiroshima serves as a stark reminder of the
consequences of unchecked aggression and the devastating
Maharashtra 444
potential of nuclear weapons.

28 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Pursuit of Peace Acts of Resistance
Over the decades, Hiroshima has become a symbol of peace, Indians organized strikes, boycotted British goods and
reconciliation and hope. The city, once a monument of launched acts of civil disobedience across the country. Public
destruction, has risen up from the ashes and rebuilt itself, servants resigned from their posts and students boycotted
focusing on fostering peace and understanding among nations. educational institutional run by the British government.
Significance of Hiroshima Day Unity and National Pride
Hiroshima Day holds a significant position in the history as it The Quit India Movement fostered a sense of unity and
remembers the day when an atomic bomb was dropped on national pride among Indians, who were determined to stand
Hiroshima, Japan, in 1945, causing immense destruction and together in their fight for independence.
loss of lives. This day reminds us the devastating consequences
Significance of Quit India Movement
of war and the need of peace and the nuclear disarmament.
The Quit India Movement had a significant impact on India’s
This day plays a significant role in promoting understanding,
struggle for independence. It represented the power of non-
reconciliation and a more peaceful future.
violent resistance and united people from all backgrounds stood
together for independence. Despite harsh repression, the
Quit India Movement
movement fuelled the demand for self-rule and forced the
Quit India Movement: Introduction British government to negotiate with Indian leaders.
The Quit India Movement was a historic event in India’s struggle
Legacy of Quit India Movement
for Independence from British colonial rule. The year 2023
The Quit India Movement left a lasting legacy which showed
marks the 81st anniversary of this momentous movement that
how non-violent protests and unity can lead to big changes.
changed the course of India’s history. As we commemorate this
This movement played a crucial role in achieving independence
significant milestone, it is essential to reflect the ideals and
on 15th August, 1947.
sacrifices of the past, drawing inspiration for the present and the
future.
RBI’s August 2023 Monetary Policy Meeting Highlights
Launch and leadership
RBI’s August 2023 Monetary Policy meeting highlights
The Quit India Movement, also known as the August
encompass the RBI’s decisions, economic assessments,
Movement, was initiated by the Indian National Congress on
inflation forecasts, and policy measures discussed during the
8th August, 1942, led by Mahatma Gandhi, who called for “Do
August 2023 Monetary Policy Meeting.
or Die” in the struggle for India’s independence.
1. Repo Rate Unchanged at 6.5%:
Objective of Quit India Movement
● The Reserve Bank of India (RBI) has maintained the repo
The primary objective of the Quit India Movement was to
rate at 6.50% during its August 2023 monetary policy
achieve immediate and complete independence from British
meeting.
colonial rule. It demanded to end the control of British over
● The decision was taken unanimously by the six-member
India and establish a sovereign and self-governing nation.
Monetary Policy Committee (MPC).
Civil Disobedience and Non-violence
2. Inflation Trends and Forecasts:
The Quit India Movement adapted the principles of civil
● Headline inflation, which dropped to 4.3% in May 2023,
disobedience and non-violence, inspired by Mahatma
experienced a rise in June and is expected to further surge
Gandhi’s philosophy of Satyagraha. The hallmarks of this
in July and August due to higher vegetable prices.
movement were peaceful protests, non-cooperation and non-
● The RBI has projected India’s Q2 retail inflation at 6.2%, Q3
violent resistance.
at 5.7%, and Q4 at 5.2% for the current fiscal year.
Mass Participation in Quit India Movement ● The CPI inflation forecast for FY2023-24 has been revised
The Quit India Movement witnessed the participation from from 5.1% to 5.4% due to shocks in vegetable prices.
people of all ages, genders and backgrounds. This movement
3. Economic Outlook:
got the support from students, farmers, laborers and women
● Despite weak external demand, domestic economic activity
which unite the diverse population of India under a common
remains robust and is likely to maintain its momentum.
goal.
● The RBI has retained the GDP growth forecast for the fiscal
Regression and Arrests year at 6.5%, with balanced risks.
The British colonial authorities responded to the movement
4. Monitoring Inflation Trajectory:
with brutal repression. Many leaders of the Indian National
● The MPC remains committed to aligning inflation with the
Congress, including Mahatma Gandhi, were arrested, and the
target of 4% and anchoring inflation expectations.
British administration resorted to violence to suppress the
● The cumulative rate hike of 250 basis points implemented
protests.
by the MPC is gradually affecting the economy.
29 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The MPC decided to stay vigilant and assess the evolving Conversational Payments on UPI:
situation before making any policy changes. In a move to enhance the ease and reach of UPI, the RBI has
unveiled plans to introduce Conversational Payments on the
5. Liquidity Measures: platform. This innovative feature empowers users to engage in
● The RBI has instructed banks to maintain an incremental transactions by conversing with an AI-powered system,
cash reserve ratio of 10% on the growth in deposits between ensuring safety and security throughout the process.
May 19 and July 28, effective from the August 12 fortnight. Enhancing Accessibility: The integration of AI-driven
conversational instructions is set to make UPI more user-
6. UPI Payment Updates:
friendly, thereby reducing barriers to adoption, particularly
● The RBI announced changes in UPI payments, allowing
among senior citizens and people with disabilities.
offline payments using near-field communication. Multilingual Support: Initially available in Hindi and English, the
● The payment limit via UPI Lite has been increased from Rs Conversational Payments feature will subsequently extend to
200 to Rs 500. encompass various Indian languages, catering to the linguistic
7. Transition to Fixed-Rate Regime: diversity of the nation.
● Home loan and other borrowers are permitted to switch to UPI Lite Payment Limit Enhancement:
a fixed-rate regime, according to the RBI’s directive. Acknowledging the evolving needs of users, the RBI has raised
the transaction limit for UPI Lite from Rs 200 to Rs 500, aiming
8. Consistent Policy Stance: to facilitate more substantial and convenient transactions.
● This marks the third consecutive monetary policy Optimized Processing: UPI Lite, launched by the National
meeting in which the MPC has chosen to keep the repo Payments Corporation of India (NPCI), allows swift small-value
rate unchanged at 6.50%. transactions by streamlining processing resources for banks.
● Previously, the MPC had increased the repo rate by 250 This optimization minimizes transaction failures and enhances
basis points from May 2022 to February 2023. overall efficiency.
● Balancing Security: While the transaction limit has been
9. Positive Indian Economic Outlook:
elevated, the balance ceiling for UPI Lite remains
● RBI Governor Shaktikanta Das noted that the Indian unchanged at Rs 2,000, ensuring a cautious approach
economy remains a bright spot in the global landscape. towards relaxing two-factor authentication for higher
transaction limits.
RBI’s Strategic Announcements Set to Transform UPI and
Offline UPI Payments with NFC Technology:
UPI Lite Landscape
In a move to bolster the adoption of UPI Lite, the RBI is
The Reserve Bank of India (RBI) has recently unveiled a trio of introducing offline payments using Near Field Communication
groundbreaking initiatives poised to revolutionize the digital (NFC) technology. This pioneering approach not only enables
payments landscape in India through the Unified Payments retail digital payments in scenarios of weak or absent internet
Interface (UPI) and UPI Lite. These initiatives were announced connectivity but also guarantees speed and minimal transaction
by Governor Shaktikanta Das during the RBI’s bi-monthly policy declines.
● Addressing Connectivity Challenges: The incorporation of
review, emphasizing their potential to usher in a new era of the
NFC technology allows users to conduct transactions even
payments revolution.
when internet or telecom connectivity is compromised,
making digital payments more reliable and accessible.
● Seamless Transactions: The use of NFC technology not
only circumvents connectivity issues but also ensures
smoother and more efficient transactions, adding to the
appeal of UPI Lite as a dependable digital payment solution.

Indian Film Festival of Melbourne (IFFM) 2023 full winners


list
The Indian Film Festival of Melbourne (IFFM) Awards once
again took center stage, honouring the finest cinematic gems
from the Indian film industry. The 14th Indian Film Festival of
Melbourne (IFFM) Awards were held in Melbourne, Australia, on
11 August, honouring the best of film and OTT content from
India globally.
30 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Filmmaker Karan Johar was honoured for completing 25 Ashleigh Gardner and Chris Woakes Named ICC Players of
years in the Indian film industry as a Filmmaker. He received a the Month for July 2023
huge round of applause for his immense contributions in the
The International Cricket Council (ICC) has revealed the latest
field of entertainment. set of international stars to be named ICC Players of the Month
Here is the complete list of winners: for July 2023. Australia’s spin bowling all-rounder Ashleigh
Category Winner Gardner and England’s seamer Chris Woakes have been
honored as the International Cricket Council (ICC) Players of the
Jury Awards Month for July 2023.
Best Documentary To Kill A Tiger
Ashleigh Gardner
Best Indie Film Agra Australia’s prolific all-rounder Ashleigh Gardner becomes the
Best Performance in Film first player to win back-to-back awards, claiming her fourth ICC
Mohit Agarwal for Agra
(MALE) Women’s Player of the Month prize following another
Best Performance in a film Rani Mukerji for Mrs scintillating set of performances against England and Ireland in
(FEMALE) Chatterjee Vs Norway July.
Prithvi Konanur – Hadinelentu Gardner scored 232 runs and took 15 wickets in eight ODI and
Best Director
(Seventeeners) T20I matches during the month, including a Player of the Match
Best Film Sita Ramam performance in the second ODI against England, where she
scored 65 runs and took three wickets. She was also named
Best Performance (MALE)
Vijay Varma for Dahaad Player of the Series in the ODI series against Ireland.
in a Series
Best Performance Rajshri Deshpande for Trial By Chris Woakes
(FEMALE) in a series Fire England seamer Chris Woakes wins the ICC Men’s Player of the
Best Series Jubilee Month award for his fruitful contributions with the ball, helping
his side claw back a two-nil deficit to close out their Ashes series
Best Short Film – People’s Connection Kya Hain by
on level terms.
Choice Nilesh Naik
Woakes took 19 wickets in three Tests against Australia,
Best Short Film – Australia Home by Mark Russel Bernard including a Player of the Match performance in the final Test at
Honourary Awards The Oval, where he took seven wickets and scored a vital 36 runs
Equality in Cinema Award Darlings in the first innings. He was also named Player of the Series.
People’s Choice Award Pathaan Other nominees
For his 25 years as a The other nominees for the ICC Women’s Player of the Month
Award to Karan Johar award were Ellyse Perry and Nat Sciver-Brunt, while the other
filmmaker
Rising Global Superstar of nominees for the ICC Men’s Player of the Month award were Zak
Kartik Aaryan Crawley and Bas de Leede.
Indian Cinema
Diversity in Cinema Award Mrunal Thakur ICC Player of the Month awards
Disruptor Award Bhumi Pednekar The ICC Player of the Month awards are voted for by a panel of
experts, including former cricketers, journalists and
Rainbow Stories Award Onir for Pine Cone
broadcasters. The awards are designed to recognize the best
About IFFM performances by international cricketers across all three
This annual event, held in the heart of Australia, honours the formats of the game. Last month, the International Cricket
remarkable talents of the Indian film fraternity, spanning movies Council (ICC) announced Wanindu Hasaranga, the Sri Lankan
spinner, and Ashleigh Gardner, the Australian women’s team
and OTT series. The prestigious awards night was an evening of
all-rounder, as the recipients of the ‘Player of the Month’ award
glamour and recognition, where the best of Indian cinema and
for their remarkable performances in June.
the OTT landscape were acknowledged for their outstanding
contributions. The awards ceremony, held at the iconic Hamer BRICS Summit 2023 Highlights: Strengthening Global South
Hall in Melbourne in all its grandeur, witnessed the convergence Cooperation and Expansion Ambitions
of artists, filmmakers, and enthusiasts. The 2023 IFFM awards The 15th BRICS Summit took place in Johannesburg, bringing
night not only paid tribute to the excellence achieved in the past together leaders from Brazil, Russia, India, China, and South
year but also showcased the dynamic and evolving landscape of Africa. The summit aimed to enhance cooperation among these
Indian entertainment celebrating the diversity of the films and emerging economies, discuss global concerns, and potentially
content from the subcontinent. expand the group’s membership.

31 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
BRICS Summit 2023: Opening and Leaders’ Participation BRICS Summit 2023: Collective Influence and Global Partnerships
● The 15th BRICS Summit occurred in Johannesburg, focusing ● President Xi Jinping called for increased collaboration
on the cooperation of the BRICS nations – Brazil, Russia, between China and South Africa to bolster their influence in
India, China, and South Africa. international affairs, particularly in the Global South.
● The summit marked the first in-person meeting of BRICS ● Xi emphasized support for South Africa’s greater role in the
leaders since 2019, reflecting the significance of discussing G20, highlighting the nations’ partnership and pursuit of
shared issues. justice in global affairs.
● Prime Minister Narendra Modi of India and Chinese
BRICS Summit 2023: Economic and Growth Aspects
President Xi Jinping were among the leaders attending.
● Prime Minister Modi highlighted India’s rapid economic
● Modi emphasized the importance of the summit for
growth and projected it to become a $5 trillion economy in
addressing issues concerning the Global South and
the near future.
developmental matters.
● BRICS nations sought to strengthen cooperation to address
BRICS Summit 2023: Expanded Dialogue and Outreach economic challenges and enhance their combined influence
● Prime Minister Modi announced his participation in BRICS- on the global stage.
Africa Outreach and BRICS Plus Dialogue events,
highlighting the intention to engage with other nations Chandrayaan-3: India to celebrate August 23 as ‘National
beyond the core BRICS grouping. Space Day
● The inclusion of guest countries provided an opportunity for
broader discussions on global challenges and development. Prime Minister Narendra Modi on August 26 announced to
celebrate August 23, when India’s Chandrayaan-3 landed on the
Diplomatic Engagements Moon, as National Space Day. He also announced that the spot
● Chinese President Xi Jinping arrived in Johannesburg for the where the lander landed on the Moon will be known as
summit, focusing on enhancing China’s involvement in ‘Shivashakti’ and where Chandrayaan-2 touched down will be
global affairs. called as ‘Tiranga Point’.
● Xi’s change of plans, skipping a business forum and sending The Prime Minister was addressing the scientists at the ISRO
the Chinese Commerce Minister, raised questions about the Telemetry Tracking and Command Network Mission Control
reasons behind this decision. Complex in Bengaluru, Karnataka. PM Modi said that experts
● African countries urged China to shift its focus from suggest that in a few years, India’s space industry will become
infrastructure development to local industrialization to $16 billion from $8 billion.
align with the Africa Continental Free Trade Agreement
(AfCFTA). PM Modi’s visit to ISRO in Bengaluru
● To congratulate ISRO team for the successful touchdown of
BRICS Summit 2023: Key Addresses and Vision Chandrayaan-3 lander on August 23, PM Modi visited to
● Leaders like Modi, South African President Cyril Bengaluru, immediately after returning from his two-nation
Ramaphosa, and Brazilian President Luiz Inacio Lula da visit to Greece and South Africa. He was accorded a warm
Silva emphasized the significance of BRICS in fostering reception as he arrived at the ISRO headquarters in
cooperation among developing nations. Bengaluru on Saturday morning.
● Ramaphosa highlighted the need for global financial ● Afterwards, he also met the team of scientists with the
institutions to undergo reform to better address the Indian Space Research Organisation, who were involved
challenges faced by developing economies. in the mission. PM Modi joined the ISRO team in witnessing
● Brazilian President Lula da Silva clarified that BRICS aimed the historic landing of Vikram lander on Moon virtually from
to organize the Global South and was not meant to rival South Africa. At that time he was attending the 15th BRICS
established powers like the United States and G7 Summit.
economies. ● The Prime Minister was received personally by ISRO
BRICS Summit 2023: Expansion Ambitions Chairman S Somanath. The two greeeted each other with
● The possibility of expanding BRICS to include more a warm hug, which was more of a celebration of the
countries generated discussions during the summit. successful culmination of the daunting lunar landing
● China and Russia’s aspirations to bolster BRICS aimed to mission. He also posed for a group photo with the team of
counterbalance the influence of Western powers amid scientists behind the project. Later, PM Modi received the
global tensions. briefing of ISRO’s 40-day journey to the lunar South Pole by
● South African President Ramaphosa expressed support for S Somanath.
expanding BRICS and revealed that over 20 nations, ● He said that Chandrayaan-2 left its footprint on the lunar
including Saudi Arabia, Indonesia, and Egypt, had formally surface in 2019. He also gave credit to the women scientists
applied to join. of ISRO in the success of India’s mission to moon.

32 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Indore Named Best City and Madhya Pradesh Best State in Progress of Smart Cities Mission:
India Smart Cities Awards 2022 ● The Smart Cities Mission, launched in 2015, has seen
significant achievements. The 100 selected cities have
The India Smart Cities Awards 2022, organized by the Union completed 76% of the proposed projects worth Rs. 1.10 lakh
Housing and Urban Affairs Ministry, have recognized Indore as crore.
the best city and Madhya Pradesh as the best state in the Smart ● The remaining projects, valued at Rs. 60,095 crore, are
Cities Mission. The awards celebrate the progress and expected to be completed by June 30, 2024. The deadline
achievements of cities and states in promoting sustainable was extended to accommodate the completion of projects
development and enhancing the quality of urban life across due to the COVID-19 pandemic.
India. Integrated Command and Control Centers (ICCC):
Top City and State Recognized: ● All 100 Smart Cities have operational Integrated Command
● Best City Award: Indore has been named the best city in and Control Centers (ICCC), which serve as the urban
management nerve center. These centers have enhanced
the India Smart Cities Awards 2022. The city has a
urban services, including crime tracking, safety measures,
remarkable track record, being consistently ranked as the
transport management, waste management, water supply,
cleanest city in the Swachh Bharat Mission for six
and disaster management.
consecutive years.
● Best State Award: Madhya Pradesh has been recognized ISAC Awards and Its Goals:
as the best state in the Smart Cities Mission. The state has ● The India Smart Cities Awards aim to recognize and reward
cities, projects, and ideas that contribute to sustainable
shown significant commitment to urban development
development and enhance the overall quality of life for
through the implementation of multi-sectoral projects
urban residents.
aimed at improving citizens’ quality of life.
● The awards promote inclusivity, equity, safety, health, and
Top Smart Cities: collaboration among cities.
● Second Best City: Surat secured the second position Selection Process and Nominations:
among the smart cities for its notable efforts in urban ● The ISAC 2022 had a two-stage submission process. The
development. Qualifying Stage assessed cities’ overall performance, while
● Third Best City: Agra claimed the third spot for its the Proposal Stage required nominations for six award
initiatives contributing to the Smart Cities Mission. categories.
● Out of 845 nominations from 80 qualifying smart cities, 66
State Rankings: winners were identified across various categories.
● Second Best State: Tamil Nadu was placed second among
the states, reflecting its strides in urban development and Most Important Current Affairs of July
sustainable projects. Government of India reduces GST rate on electronics item
● Shared Third Best State: Rajasthan and Uttar Pradesh
shared the third position among the states for their The Union Finance Ministry recently announced a reduction in
the Goods and Services Tax (GST) for electronic items on the
contributions to the Smart Cities Mission.
sixth anniversary of the GST implementation on July 1. The list
Award Categories and Winning Projects: of electronic products includes mobile phones, TVs up to 27
● Built Environment Category: Coimbatore’s model roads inches, refrigerators, washing machines, and others. With the
and restoration of lakes project was recognized as the top aim of making home appliances more affordable, the Finance
project in this category. Ministry has lowered the GST rates for various items.
● Economy Category: Jabalpur’s incubation center project Refrigerators, washing machines, fans, coolers, geysers, and
similar products will now be subject to a reduced GST rate of 18
was awarded the top position for its economic impact.
percent, previously being at 31.3 percent.
● Mobility Category: Chandigarh’s public bike-sharing
In addition, there have been reductions in GST rates for various
initiative stood out in the mobility category.
other household items. Products such as mixers, juicers, vacuum
● Governance Category: Chandigarh also excelled in the cleaners, LEDs, vacuum flasks, and vacuum utensils have also
governance category, specifically in e-governance services. witnessed a decrease in their GST rates. The GST rate for mixers,
● Union Territory Category: Chandigarh received the overall juicers, and similar items has been lowered from 31.3 percent to
award for being the best Union Territory in the India Smart 18 percent, while LEDs now have a reduced GST rate of 12
Cities Awards. percent, previously being at 15 percent.

33 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Item Earlier Now Awardees of the tournament
TV upto 27 inches 31.3% 18% Award Recipient
Refrigerators 31.3% 18% Fairplay Award Nepal football team
Washing machine 31.3% 18% Best Goalkeeper Anisur Rahman Zico
Mixers, Juicers, Vacuum cleaners,, 31.3% 18% Highest Goal-Scorer Sunil Chhetri (6 Goals)
Fans, coolers, geysers 31.3% 18% Most Valuable Player (MVP) Sunil Chhetri
LPG stove 21% 18% Runners-up Kuwait football team
LEDs 15% 12%
About the SAFF Football Championship
Sewing Machine 16% 12%
The SAFF Football Championship, also known as the South
Static Converter UPS 28% 18% Asian Football Federation Championship, is a biennial
Kerosene Pressure Lantern 8% 5% international football tournament contested by the national
teams of South Asian countries. The championship aims to
Vacuum flasks, and vacuum Vessels 28% 18%
promote and develop football in the region. Here is a brief
Mobile Phones 31.3% 12% history of the SAFF Football Championship:
1993: The inaugural edition of the SAFF Championship took
About June GST collections
place in Lahore, Pakistan. India emerged as the champions by
In June, the total GST revenue collected experienced a minimal
defeating hosts Pakistan in the final.
increase of 2.80 percent, reaching Rs 1,61,497 crore, as
compared to the collection of Rs 1,57,090 crore in May. The GST 2023 Global Peace Index
collected in June comprised Rs 31,013 crore under CGST, Rs The 2023 Global Peace Index, released by the Institute for
38,292 crore under SGST, Rs 80,292 crore under IGST (which Economics and Peace, provides a comprehensive ranking of the
includes Rs 39,035 crore collected on imported goods), and Rs most peaceful countries in the world. The 17th edition of the
11,900 crore under cess (including Rs 1,028 crore collected on annual Global Peace Index (GPI), the world’s leading measure of
imported goods). From the IGST amount, the government peacefulness, reveals the average level of global peacefulness
settled Rs 36,224 crore for CGST and Rs 30,269 crore for SGST. deteriorated for the ninth consecutive year, with 84 countries
recording an improvement and 79 a deterioration.
This demonstrates that the deteriorations were larger than the
SAFF Championship 2023 Final: India wins 9th title
improvements, as the post-COVID rises of civil unrest and
The Indian men’s football team emerged victorious in a thrilling political instability remain high while regional and global
penalty shootout against Kuwait 5-4 in a thrilling penalty conflicts accelerate.This article highlights key findings from the
report, including Iceland’s continued reign as the most peaceful
shootout, securing the SAFF Championship 2023 title at
country and India’s ranking.
Bengaluru’s Sree Kanteerava Stadium. Ranked 100th in the
1. Iceland: The No. 1 Most Peaceful Country: Iceland has
latest FIFA rankings, India triumphed in their ninth SAFF retained its position as the most peaceful country since the
Championship out of 14 editions. This victory marked their inaugural study in 2008. It excels in domains such as
second consecutive triumph after winning the Intercontinental ongoing domestic and international conflict, societal safety
Cup the previous month. and security, and militarization. Additionally, Iceland ranks
India, serving as the hosts, remained undefeated throughout the as the third happiest country globally, following Finland and
SAFF Championship 2023. They defeated Pakistan and Nepal Denmark.
while drawing against Kuwait in the group stage. In the 1. European Dominance in Peacefulness: Seven out of the
top 10 most peaceful countries in the world are located in
semifinals, they overcame Lebanon in a penalty shootout and
Europe. Denmark, Ireland, and Switzerland are among the
replicated the same feat against Kuwait in a nail-biting final. In
nations that contribute to Europe’s peaceful reputation.
addition to the medals, the team was awarded a cash prize of New Zealand, Singapore, Japan, and Slovenia also feature
USD 50,000, equivalent to INR 41 lakh. prominently in the top 10.
Kuwait football team received the award for finishing runners-
Overall GPI Score
up in the SAFF Championship 2023. While all the players
A composite index measuring the peacefulness of countries
received medals, the team also got a cheque of US Dollar
made up of 23 quantitative and qualitative indicators each
25,000 which is around 20 lakh and about 50 thousands in weighted on a scale of 1-5. The lower the score the more
Indian currency. peaceful the country.

34 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
RANK REGION SCORE ● Human Cost: The conflict in Ukraine has led to significant
human losses, with 65% of men aged 20 to 24 either fleeing
1 Iceland 1.124
the country or losing their lives in the conflict.
2 Denmark 1.31
3 Ireland 1.312 Ministry of Education Releases Report on Performance
Grading Index 2.0 for States/UTs for the Year 2021-22
4 New Zealand 1.313
5 Austria 1.316 The Indian Education System is one of the largest globally, with
millions of schools, teachers, and students from diverse
6 Singapore 1.332
backgrounds. The Ministry of Education has devised the
7 Portugal 1.333 Performance Grading Index (PGI) to assess the performance of
8 Slovenia 1.334 the school education system at the state/UT level. The PGI
provides a comprehensive analysis and creates an index for
9 Japan 1.336
evaluating the education system.
10 Switzerland 1.339 Ministry of Education Releases Report on Performance Grading
India’s Peacefulness Ranking: Index 2.0 for States/UTs for the Year 2021-22
India’s position on the Global Peace Index stands at 126 out of Reasons for PGI 2.0:
163 countries. With an overall score of 2.31, India falls below the ● The previous versions of PGI have become outdated and
global average of 2.314. While the country faces ongoing redundant.
challenges in achieving high levels of peace, it presents an ● The new PGI 2.0 aligns with the National Education Policy
opportunity for improvement. (NEP) 2020 and monitors indicators related to the
Key Findings from the Global Peace Index: Sustainable Development Goals (SDGs).
a) Global Peace Deterioration: For the ninth consecutive year, ● It focuses on quality indicators, includes digital initiatives
the average level of global peacefulness has deteriorated. While and teacher education, and utilizes data from UDISE+ for
84 countries experienced improvements, 79 witnessed a decline. better uniformity and comparability.
The post-COVID era has seen a rise in civil unrest, political
Structure of PGI 2.0:
instability, and regional conflicts.
b) Increase in Conflict Deaths: Deaths resulting from global ● PGI 2.0 comprises 73 indicators grouped into two
conflict rose by 96% to reach 238,000. Surprisingly, conflict- categories: Outcomes and Governance Management (GM).
related fatalities in Ethiopia surpassed those in Ukraine, ● These categories are further divided into six domains:
eclipsing previous peak levels observed during the Syrian war. Learning Outcomes (LO), Access (A), Infrastructure &
Several countries, including Myanmar, Israel, and South Africa, Facilities (IF), Equity (E), Governance Process (GP), and
reported increased conflict levels. Teachers Education and Training (TE&T).
c) Economic Impact of Violence: The global economic impact Grading System:
of violence surged by 17% or $1 trillion, amounting to $17.5 Ministry of Education Releases Report on Performance Grading
trillion in 2022. This figure corresponds to approximately 13% of Index 2.0 for States/UTs for the Year 2021-22
the global GDP. Notably, a hypothetical Chinese blockade of
● PGI 2.0 classifies States/UTs into ten grades.
Taiwan would cause a staggering $2.7 trillion drop in global
● The highest achievable grade is Daksh, awarded to those
economic output, nearly double the impact of the 2008 financial
scoring over 940 points out of a total of 1000.
crisis.
● The lowest grade is Akanshi-3, given to those scoring up to
d) Changing Military Dynamics: Despite the conflict in Ukraine,
military expenditure improved in 92 countries, while 110 460 points.
countries reduced their military personnel. Conflicts are Objectives of PGI 2.0:
increasingly internationalized, with 91 countries currently ● The aim is to encourage multi-pronged interventions to
involved in some form of external conflict, up from 58 in 2008. achieve optimal education outcomes.
Impact of the War in Ukraine on Peacefulness: ● It helps identify gaps and prioritize areas for intervention in
● Ukraine’s Deterioration: Ukraine experienced the largest the school education system.
decline in peace, falling 14 places to 157th position. The ● Indicators are aligned with the NEP 2020 and policy
economic impact of violence in Ukraine increased by 479% initiatives for effective progress tracking.
or $449 billion, accounting for 64% of the country’s GDP.
Efficacy of PGI 2.0:
● Positive Trends in Russia: Despite the conflict, Russia
● PGI 2.0 scores and grades attained by States/UTs in 2021-
showcased improvements in areas such as incarceration
22 showcase the effectiveness of the system.
rates, violent demonstrations, terrorism impact, and
● Indicator-wise scores highlight areas for improvement
homicide rates. The homicide rate reached its lowest point
since 2008. within each State/UT.

35 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Key highlights in short How they selected?
● The Ministry of Education has released the Performance A vote conducted among a specialist panel comprising ICC Hall
Grading Index (PGI) 2.0 for States/UTs for the year 2021-22. of Famers, former international players, media representatives
● PGI 2.0 replaces the previous versions and focuses on and global cricket fans registered at icc-cricket.com decided the
qualitative assessment, digital initiatives, and teacher winners, following the announcement of nominees last week.
education.
● The structure comprises 73 indicators grouped into two Highlights of the 50th GST Council Meeting: Changes in GST
categories: Outcomes and Governance Management. Rates and Compliance Measures
● States/UTs are classified into ten grades, with Daksh being The 50th Meeting of the GST Council, led by Union Finance &
the highest achievable grade and Akanshi-3 being the Corporate Affairs Minister Nirmala Sitharaman, marked a
lowest. significant milestone in the journey of Goods and Services Tax
● PGI 2.0 aligns with the National Education Policy (NEP) (GST). The council discussed and recommended changes in GST
2020 and aims to improve education outcomes and identify tax rates, measures to facilitate trade, and streamline
areas for intervention. compliance processes. Here are the key highlights of the
● The release of PGI 2.0 demonstrates the efficacy of the meeting.
system in assessing and improving the education system.
Changes in GST Tax Rates:
Wanindu Hasaranga, Ashleigh Gardner wins ICC ‘Player of I. Recommendations relating to GST rates on Goods:
the Month’ award
A. Changes in GST rates of goods:
The International Cricket Council (ICC) announced Wanindu 1. Uncooked/Unfried Snack Pellets: The rate on
Hasaranga, the Sri Lankan spinner, and Ashleigh Gardner, the uncooked/unfried snack pellets will be reduced to 5%, and
Australian women’s team all-rounder, as the recipients of the payment of GST for past periods will be regularized.
‘Player of the Month’ award for their remarkable performances
in June. Hasaranga earned this honor for his outstanding B. Other changes relating to goods:
achievements during the World Cup Qualifier matches in 1. Dinutuximab (Quarziba) Medicine: IGST exemption will be
Zimbabwe, where he set new records. Ashleigh Gardner, the provided for imported Dinutuximab (Quarziba) medicine for
hero of the Women’s Ashes, became the first player to win the personal use.
Player-of-the-Month accolade three times. 2. Medicines and Food for Special Medical Purposes (FSMP):
IGST exemption will be extended to imported medicines
Why Wanindu Hasaranga? and FSMP used in the treatment of rare diseases listed
During the ICC World Cup Qualifiers, Wanindu Hasaranga under the National Policy for Rare Diseases, subject to
played a crucial role in Sri Lanka’s successful qualification for the existing conditions. The exemption will also apply to FSMP
2023 ODI World Cup in India, scheduled to begin on September imported by Centers of Excellence for Rare Diseases or
5. Hasaranga emerged as the top wicket-taker in the qualifiers, recommended institutions.
impressively securing 22 wickets in 7 matches with an average 3. Supply of Raw Cotton: Supply of raw cotton, including kala
of 12.90. He made a significant impact from the very start of the cotton, by agriculturists to cooperatives will be taxable
tournament, claiming six wickets against UAE in the opening under reverse charge mechanism, and issues related to past
match. He continued his remarkable performance with figures periods will be regularized.
of 5-13 and 5-79 against Oman and Ireland, respectively. 4. Imitation Zari Thread or Yarn: GST rate on imitation zari
Notably, Hasaranga achieved a significant milestone by thread or yarn will be reduced from 12% to 5%, and
becoming the first spinner to achieve three consecutive five- payment of GST for past periods will be regularized.
wicket hauls in ODI history. 5. Utility Vehicles: Entry 52B in the compensation cess
notification will be amended to include all utility vehicles
Why Ashleigh Gardner ?
that meet specified parameters. The ground clearance in
Ashleigh Gardner played a pivotal role in Australia’s triumph in
unladen condition will be clarified.
the Women’s Ashes one-off Test match, where they emerged
6. LD Slag: GST rate on LD slag will be reduced from 18% to
victorious by a margin of 89 runs. Gardner’s contribution was
5% to promote better utilization and environmental
instrumental in her team’s success. In the first innings, she
protection.
scored 40 runs and followed it up with a remarkable four-wicket
7. Implants: Issues relating to trauma, spine, and arthroplasty
haul. However, her most remarkable feat came in the second
implants prior to 18.07.2022 will be regularized due to
innings when she single-handedly secured the win for her
genuine interpretational issues.
country by taking eight wickets for just 66 runs. Gardner’s
8. Fish Soluble Paste: GST rate on fish soluble paste will be
exceptional performance proved to be the decisive factor in reduced from 18% to 5%, and payment of GST for past
Australia’s victory in the match. periods will be regularized.

36 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
9. Desiccated Coconut: Issues relating to desiccated coconut eligible banks/entities will be updated as per the Foreign
for the period 1.7.2017 to 27.7.2017 will be regularized due Trade Policy 2023.
to genuine interpretational issues. 12. Notifications: Consequential changes will be made in
10. Pan Masala and Tobacco Products: The earlier ad valorem notifications in accordance with the new Foreign Trade
rate applicable on 31st March 2023 will be notified for the Policy 2023.
levy of Compensation Cess on pan masala, tobacco 13. Plates and Cups made of Areca Leaves: Issues relating to
products, etc., where it is not legally required to declare the GST on plates and cups made of areca leaves prior to
retail sale price. 01.10.2019 will be regularized.
11. Banks for IGST Exemption: RBL Bank and ICBC Bank will be 14. Biomass Briquettes: Issues relating to GST on biomass
included in the list of specified banks eligible for IGST briquettes for the period 01.7.2017 to 12.10.2017 will be
exemption on imports of gold, silver, or platinum. The list of regularized.

Table 1: Changes in GST Tax Rates for Goods


Goods GST Rate Before Recommended GST Regularization of Past
S. No.
/Items Recommendation Rate Payment
1. Uncooked/Unfried Snack Pellets 18% 5% “As is basis”
2. Dinutuximab (Quarziba) Medicine – Exempt –
Medicines and FSMP for Rare
3. – Exempt –
Diseases
4. Raw Cotton (including kala cotton) – Taxable (under RCM) “As is basis”
5. Imitation Zari Thread or Yarn 12% 5% “As is basis”
6. Utility Vehicles – – –
7. LD Slag 18% 5% –
Trauma, Spine, and Arthroplasty
8. – – “As is basis”
Implants
9. Fish Soluble Paste 18% 5% “As is basis”
10. Desiccated Coconut – – “As is basis”
11. Pan Masala and Tobacco Products – – –
Banks for IGST Exemption on
12. – – –
Gold/Silver/Plat
13. Notifications – – –
Plates and Cups made of Areca
14. – – “As is basis”
Leaves
15. Biomass Briquettes – – “As is basis”

II. Recommendations relating to GST rates on Services: charge must be exercised by 31st March of the preceding
financial year.
A. Changes in GST rates of services:
1. Services Provided by Directors: Services provided by a
1. Satellite Launch Services: GST exemption on satellite director of a company in his private or personal capacity,
launch services supplied by ISRO, Antrix Corporation such as renting immovable property, will not be taxable
Limited, and New Space India Limited (NSIL) may be under reverse charge mechanism (RCM). Only services
extended to such services supplied by private sector supplied by a director in their capacity as a director of the
organizations to encourage startups. company or body corporate will be taxable under RCM.
B. Other changes relating to services: 2. Food and Beverages in Cinema Halls: Supply of food and
1. Goods Transport Agencies (GTAs): GTAs will not be beverages in cinema halls will be taxable as a restaurant
required to file a declaration for paying GST under forward service if supplied independently of the cinema exhibition
charge every year. The option to pay GST under forward service.

37 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Table 2: Changes in GST Rates for Services ● The top four nations remain as they were in the 2022 Global
S. GST Rate Before Recommended Firepower list. In a shift from the previous year’s rankings,
Services the United Kingdom has advanced from eighth to fifth place
No. Recommendation GST Rate
Satellite Exempt in terms of military strength. South Korea retains its sixth
position from last year.
1. Launch – (extended to
● Notably, Pakistan has entered the top 10, securing the
Services private sector) seventh spot. Conversely, Japan and France, which held
Goods the fifth and seventh positions respectively last year, have
Transport dropped to eighth and ninth this year.
2. – –
Agencies
Here are the 10 nations with the most powerful militaries in
(GTAs)
the world:
Services
3. Provided by – – Rank Country
Directors 1 United States
Food and 2 Russia
4. Beverages in – – 3 China
Cinema Halls 4 India
III. Second Report of Group of Ministers (GoM) on Casinos,
5 United Kingdom
Race Courses, and Online Gaming:
The GoM recommended taxing casinos, horse racing, and online 6 South Korea
gaming at a uniform rate of 28%, with tax applicable on the face 7 Pakistan
value of chips purchased in the case of casinos, the full value of 8 Japan
bets placed with bookmakers/totalisator in the case of horse 9 France
racing, and the full value of bets placed in the case of online 10 Italy
gaming.
Here are the 10 nations with the least powerful militaries in
Table 3: Second Report of GoM on Casinos, Race Courses, and the world:
Online Gaming
S. Current GST Recommended Rank Country
Activities 1 Bhutan
No. Rate GST Rate
1. Casinos 18% 28% 2 Benin
Horse 3 Moldova
2. 18% 28% 4 Somalia
Racing
Online 5 Liberia
3. 18% 28%
Gaming 6 Suriname
United States holds title for world’s most powerful military 7 Belize
make new title 8 Central African Republic
9 Iceland
According to Global Firepower, a prominent data website
specializing in defence-related information, the United States 10 Sierra Leone
possesses the most powerful military force worldwide. Russia
and China follow closely in second and third place, respectively,
while India secures the fourth position. The recently released
2023 Military Strength list, which evaluates over 60 factors, also
highlights nations with comparatively weaker military forces
such as Bhutan and Iceland.
Assessment of the report:
The assessment by Global Firepower takes into account various
criteria, including the number of military units, financial
resources, logistical capabilities, and geographical
considerations, to determine each nation’s overall score. The
report lists 145 countries and also compares each nation’s year-
on-year ranking changes.

38 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
2023 Global Multidimensional Poverty Index (MPI)
India’s Journey: From High Poverty Incidence to Impressive
The latest update of the global Multidimensional Poverty Decline:
Index (MPI) highlights India’s extraordinary achievement in In 2005/2006, India had a poverty incidence of 55.1%, with
poverty reduction. The country has lifted a staggering 415 approximately 645 million people living in poverty.
million people out of poverty within a span of 15 years, ● Through concerted efforts and effective policies, poverty
demonstrating significant progress in improving living rates have dropped to 16.4% in 2019/2021, showcasing
conditions. This article examines key highlights from the MPI substantial improvement in living conditions.
report released by the United Nations Development ● The decline in poverty has been equal across regions and
Programme (UNDP) and the Oxford Poverty and Human socio-economic groups, with the poorest states and groups
Development Initiative (OPHI). experiencing the fastest progress.

Poverty Reduction Trends in Selected Countries (2000-2022)


Number of People
Poverty Incidence Poverty Incidence
Country Period Lifted out of
(2000/2005) (2019/2021)
Poverty
India 2005/6-2019/21 55.1% 16.4% 415 million
China 2010-2014 N/A N/A 69 million
Cambodia 2014-2021/22 N/A 16.6% 2.8 million
Indonesia 2012-2017 N/A N/A 8 million

Children and Rural Areas: Key Factors in Poverty Reduction: ● Children under 18 years old account for 566 million MPI-
● Children under 18 years old account for half of MPI-poor poor people globally, with a poverty rate of 27.7%,
people, emphasizing the importance of addressing child compared to 13.4% among adults.
poverty through comprehensive programs for their well- Outlook for India:
being, education, and access to essential services. ● Despite significant progress, India still has more than 230
● Poverty predominantly affects rural areas, with 84% of the million people living in poverty.
country’s poor residing in these regions. This underscores ● The UNDP highlights the vulnerability of the population,
the need for targeted measures to uplift rural communities with approximately 18.7% falling under the category of
and bridge the urban-rural divide. people who are not poor but have deprivations in 20-33.3%
of all weighted indicators.
Global Outlook
Poverty Incidence in Selected Countries and Regions Improvement in Deprivation Indicators:
● India has shown significant progress in all three deprivation
Poverty Incidence indicators: health, education, and standard of living.
Country Region
(%) ● The percentage of people deprived of nutrition decreased
Burundi Sub-Saharan Africa 75.1 from 44.3% in 2005/2006 to 11.8% in 2019/2021, and child
Central African mortality fell from 4.5% to 1.5%.
Sub-Saharan Africa 80.4
Republic Recommendations:
Chad Sub-Saharan Africa 84.2 ● There is a need for context-specific multidimensional
poverty indices that reflect national definitions of poverty.
Niger Sub-Saharan Africa 91
● While the global MPI provides a standardized methodology,
Afghanistan South Asia 55.9 national definitions offer a comprehensive understanding
Haiti Latin America 41.3 of poverty specific to each country.
● It is crucial to consider these context-specific indices to
Papua New
East Asia 56.6 evaluate and address poverty effectively.
Guinea
Sudan North Africa 52.3 About Global Multidimensional Poverty Index (MPI):
The Global Multidimensional Poverty Index (MPI) is a vital
Tajikistan Central Asia 7.4 international resource designed to measure acute
multidimensional poverty in over 100 developing countries.
● Globally, 1.1 billion people (18% of the total population)
Launched in 2010 by the Oxford Poverty and Human
across 110 countries live in acute multidimensional poverty. Development Initiative (OPHI) and the Human Development
● Sub-Saharan Africa has 534 million poor, while South Asia Report Office of the United Nations Development Programme
has 389 million, making these regions home to (UNDP), the MPI provides a comprehensive assessment of
approximately five out of every six poor people. poverty beyond monetary measures.

39 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Inauguration of ‘Sagar Sampark’ DGNSS by Sarbananda Launch and Landing:
Sonowal Chandrayaan-3 was successfully launched on July 14, 2023,
from the Satish Dhawan Space Center in Sriharikota, Andhra
Purpose and Scope: The MPI serves as a crucial tool to gauge
Pradesh, using the Launch Vehicle Mark-III (LVM3).
the extent and nature of multidimensional poverty worldwide. It
● The spacecraft consists of a lander, a rover, and a propulsion
focuses on capturing various dimensions of poverty, including
module, collectively weighing 3,900 kg.
health, education, and standard of living, to provide a holistic
● The GSLV Mark 3 heavy-lift launch vehicle, also known as
understanding of people’s well-being. It is applied across a broad
the Bahubali rocket, supports the moon lander Vikram.
range of developing countries, offering insights into the
● The craft is scheduled to touch down on the Moon’s South
multifaceted challenges faced by different societies.
Pole on August 23, following a journey lasting over 40 days.
1. Monitoring Deprivations: The MPI monitors deprivations
Chandrayaan-3: India’s Mission to Soft-Land on the Moon’s
in 10 key indicators that span the domains of health,
South Pole
education, and standard of living. These indicators are
carefully selected to reflect the essential aspects of Objective:
individuals’ lives and well-being. By analyzing these The Chandrayaan-3 mission has three main objectives:
indicators, the MPI provides a nuanced picture of poverty Chandrayaan-3: India’s Mission to Soft-Land on the Moon’s
and identifies the specific areas where people face South Pole
significant deprivations. 1. Safe and Soft Landing: The primary objective of
2. Incidence and Intensity of Poverty: The MPI considers Chandrayaan-3 is to achieve a safe and soft landing of the
both the incidence and intensity of poverty. A person is lander on the surface of the Moon. Learning from the
classified as multidimensionally poor if they are deprived in previous mission’s setback, this mission aims to successfully
one-third or more (33% or more) of the weighted indicators land the lander module on the lunar surface without any
out of the ten indicators. Those who face deprivations in issues.
half or more of the weighted indicators are considered to be 2. Demonstration of Rover’s Capabilities: Chandrayaan-3
living in extreme multidimensional poverty. This dual aims to demonstrate the capabilities of the rover by
perspective helps to capture the severity and depth of showcasing its roaming and exploration abilities on the
poverty experienced by individuals and communities. lunar surface. The rover will be deployed after the successful
landing of the lander and will perform various scientific
MPI Indicators and Dimensions: The MPI incorporates a diverse experiments and observations.
range of indicators and dimensions to comprehensively assess 3. In-Site Scientific Observations: The mission seeks to
poverty. While the specific indicators may vary across countries, conduct in-site scientific observations and experiments to
the following are commonly included: better understand the composition of the Moon. This
1. Health Indicators: includes analyzing the chemical and natural elements, soil,
● Nutrition and food security water, and other resources available on the lunar surface.
● Child mortality These observations will contribute to expanding our
● Access to healthcare knowledge of the Moon’s composition and provide insights
2. Education Indicators: into the Moon’s history and evolution.
● School attendance
● Years of schooling completed Design:
3. Standard of Living Indicators: Chandrayaan-3 consists of three main components:
● Access to clean water and sanitation Chandrayaan-3: India’s Mission to Soft-Land on the Moon’s
● Electricity and cooking fuel availability South Pole
● Housing quality 1. Propulsion Module: The propulsion module is responsible
● Assets ownership for carrying the lander and rover configuration to the lunar
orbit of 100 kilometers. It is a box-like structure with a large
Chandrayaan-3: India’s Mission to Soft-Land on the Moon’s solar panel and an intermodular adapter cone that acts as a
South Pole mounting structure for the lander. Additionally, it carries
the SHAPE payload, which studies spectral and polarimetric
Chandrayaan-3: India’s Mission to Soft-Land on the Moon’s measurements of Earth from the lunar orbit.
South Pole 2. Lander: The lander module is designed for a soft landing on
Chandrayaan-3 is India’s third lunar mission, following the the lunar surface. It has a box-shaped structure with four
Chandrayaan-2 mission, with the goal of achieving a soft landing landing legs and four landing thrusters. The lander carries
on the lunar surface and deploying a rover. the rover and various scientific instruments for in-site
Chandrayaan-3 aims to showcase India’s capabilities in landing analysis. It has undergone improvements in terms of
and exploring the Moon’s South Pole, a region known for the structural rigidity, impact legs strength, and
presence of water molecules. instrumentation redundancy compared to its predecessor.

40 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
The lander carries three payloads: Here is the Complete List of Winners in Different Categories:
Chandrayaan-3: India’s Mission to Soft-Land on the Moon’s
South Pole S.No Category Winner Runner up
● Chandra’s Surface Thermophysical Experiment Men’s
1 Carlos Alcaraz Novak Djokovic
(ChaSTE): Measures thermal conductivity and temperature Singles
of the lunar surface. Women’s Marketa
● Instrument for Lunar Seismic Activity (ILSA): Measures 2 Ons Jabeur
Singles Vondrousova
seismic activity around the landing site. Men’s WesleyKoolhof HoracioZeballos &
● Langmuir Probe (LP): Estimates plasma density and its 3
Doubles & NealSkupski MarcelGranollers
variations.
Barbora
3. Rover: The Chandrayaan-3 rover is a six-wheeled vehicle Women’s Elise Mertens &
weighing 26 kilograms. It is equipped with scientific 4 Strýcová &
Doubles Storm Sanders
instruments, including cameras, spectrometers, and a drill. Hsieh Su-wei
The rover has a range of 500 meters and is designed to Mate Pavić &
Mixed XuYi fan & Joran
communicate with the lander and the ground control team 5 Lyudmy
Doubles Vliegen
in India. Its expected lifespan is one lunar day, equivalent to laKichenok
14 Earth days.
The rover aims to make significant scientific discoveries, Wimbledon Championships 2023
including studying the lunar surface composition, detecting the The Wimbledon Championships 2023 is a Grand Slam tennis
presence of water ice in the lunar soil, investigating lunar tournament that takes place at the All England Lawn Tennis
impacts’ history, and studying the Moon’s atmosphere and Croquet Club in Wimbledon, London, United Kingdom. The
evolution. tournament will be played on grass courts, with all main draw
matches to be played from Jun 26–Jul 16, 2023, at the All
Modifications and Precautions:
● Chandrayaan-3 has undergone modifications by ISRO to England lawn tennis and croquet club, Wimbledon. The 2023
enhance reliability compared to its predecessor, Championships is the 136th edition, the 129th staging of the
Chandrayaan-2. Ladies’ Singles Championship event, the 55th in the Open Era
● The lander Vikram has been upgraded and carries additional and the third Grand Slam tournament of the year.
fuel to ensure a successful landing and stay on the intended
Wimbledon 2023 Prize Money
path to the lunar surface.
Men’s and Women’s Doubles prize money Total amounts for
● The craft has undergone rigorous testing and incorporates
numerous safety measures to increase the mission’s each team in £= Pound
chances of success. Winner – £600,000
Runner-up – £300,000
Mission Components:
● The 3,900-kilogram Chandrayaan-3 spacecraft consists of How much players earn by round
three major modules: the Propulsion module, Lander Winner: £2,350,000
module, and Rover. Runner-up: £1,175,000
● The lander, named Vikram, and the rover, named Pragyaan, Semi-Finalists: £600,000
are similar to their counterparts in Chandrayaan-2 but have Quarter-Finalists: £340,000
undergone upgrades for improved reliability. Fourth Round: £207,000
● The mission’s budget is Rs. 615 crore. Third Round: £131,000
Second Round: £85,000
Wimbledon 2023 Final: Carlos Alcaraz beats Novak Djokovic
First Round: £55,000
Wimbledon 2023 men’s singles final in which Carlos Alcaraz Total prize money: £32,154,000
beat four-time defending champion Novak Djokovic 1-6, 7-6(6),
6-1, 3-6, 6-4 to win his maiden title at The Championships. The 13.5 crore Indians escape Multidimensional Poverty in 5
action as it unfolded on Centre Court at the All England Lawn years
Tennis and Croquet Club in London, England.
According to the latest NITI Aayog report, India has achieved a
On women’s singles
remarkable feat in its efforts to reduce multidimensional
Marketa Vondrousova becomes Wimbledon champion, the
poverty. Between 2015-16 and 2019-21, a staggering 13.5 crore
first unseeded player to do so in the Open Era. She beats last
year’s runner-up Ons Jabeur 6-4, 6-4 in the final. Marketa people moved out of multidimensional poverty, showcasing the
Vonddrousova is the first unseeded player to do so in the Open country’s commitment to sustainable and equitable
Era. development.

41 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Comprehensive Methodology and Progress ● According to the Export Preparedness Index 2022, Tamil
The report, ‘National Multidimensional Poverty Index: A Nadu topped the ranking with an overall score of 80.89
Progress Review 2023,’ draws its data from the latest National while Maharashtra with a score of 78.20 was second and
Family Health Survey (NFHS-5) conducted between 2019 and Karnataka was third with a score of 76.36.
2021. It builds upon the baseline report launched in 2021 and
● Gujarat scored fourth position with a score of 73.22
follows a methodology aligned with global standards. The
National MPI measures deprivations in health, education, and followed by Andhra Pradesh, Odissa, West Bengal and
standard of living through 12 SDG-aligned indicators. Kerala in the ranking of coastal areas.
● Among hilly/Himalayan states Uttarakhand topped the
Striking Improvements Across Indicators ranking with a score of 59.13 followed by Himachal
India has witnessed marked improvements in all 12 indicators,
Pradesh, Manipur, Tripura, Sikkim, Nagaland, Meghalaya,
including nutrition, child and adolescent mortality, maternal
health, education, sanitation, and access to basic amenities like Arunachal Pradesh and Mizoram in that order.
drinking water and electricity. The results indicate a decline of ● Among the landlocked regions, Harayana topped the
9.89 percentage points in the number of multidimensionally ranking with a score of 63.65 followed by Telangana, Uttar
poor, reducing from 24.85% in 2015-16 to 14.96% in 2019-2021. Pradesh, Punjab, Madhya Pradesh and Rajasthan.
● In the category of Union Territories/small states, Goa
Rural Areas Leading the Way
The report highlights that the decline in multidimensional topped the ranking with a score of 51.58 followed by
poverty was most prominent in rural areas, decreasing from Jammu-Kashmir, Delhi, Andaman and Nicobar and Ladakh.
32.59% to 19.28%. Urban areas also witnessed a reduction, ● Among export districts, Jamnagar in Gujarat topped the
going from 8.65% to 5.27%. Uttar Pradesh showed significant chart which was followed by Surat, Mumbai Suburban,
progress, with 3.43 crore people escaping multidimensional Mumbai, Pune, Bharuch, Kanchipuram, Ahmedabad,
poverty, marking the largest decline among all states. Gautam Buddha Nagar and Bengaluru Urban.
Path Towards SDG 2030 ● Gujarat has 8 districts, the highest number of districts in the
India’s progress is commendable as the MPI value has nearly top 25 export districts in the country.
halved from 0.117 to 0.066, and the intensity of poverty has
About the Export Preparedness Index:
reduced from 47% to 44%. This puts India well on track to
achieve SDG Target 1.2 of reducing multidimensional poverty by ● The Export Preparedness Index is a comprehensive assess
at least half much ahead of the 2030 timeline. The the export preparedness of the States and UTs in the
government’s strategic focus on inclusive development and country.
poverty eradication has played a pivotal role in this ● The index conducts a comprehensive analysis of States and
achievement. UTs across export-related parameters to identify their
Government Initiatives Driving Change strengths and weaknesses.
Flagship programs like Poshan Abhiyan, Anaemia Mukt ● The methodology of the index is an evolving process that
Bharat, Swachh Bharat Mission, Jal Jeevan Mission, Pradhan constantly incorporates stakeholder feedback.
Mantri Ujjwala Yojana, PMAY, PMJDY, and Samagra Shiksha
Objectives of Export Preparedness Index:
have significantly contributed to improving access to
healthcare, sanitation, nutrition, cooking fuel, financial ● To provide a comprehensive and objective assessment of
inclusion, housing, and education. The efforts have resulted in the export preparedness of the States and UTs.
reduced deprivations across various indicators, showcasing the ● To highlight the achievements and best practices adopted
impact of consistent implementation of well-linked initiatives. by the States and UTs to improve their ranking in the index.
● To foster a competitive spirit among States and UTs.
Tamil Nadu topped NITI Aayog's Export Preparedness Index ● To enhance cooperation between them and the Centre, to
2022 achieve sustainable growth and development for India.
Context:
Pillars of Export Preparedness Index:
Tamil Nadu topped the third edition of the NITI Aayog’s Export
Preparedness Index 2022 with an overall score of 80.89, piping The index uses 4 pillars to assess the export preparedness and
Maharashtra (78.20) and Karnataka (76.36). the performance:
● Policy Pillar: This pillar evaluated how well the states and
Overview of the Export Preparedness Index 2022: UTs adopted and implemented export related policies at
The third edition of the NITI Aayog’s Preparedness Index 2022
state and district level.
has released on 17th July 2023. According to the report, out of
the 680 districts engaged in exports, the top 100 districts ● Business Ecosystem: This pillar assesses the quality and
contribute about 87% of the total exports from India. To availability of business supportive infrastructure such as
promote exports, 647 districts have formed a District Export power, water, land and logistics as well as the transport
Promotion Committee, while 557 have formulated a District connectivity of the States and UTs to domestic and
Export Action Plan. international market.

42 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Export Ecosystem: This pillar focuses on the export Passports of these countries hold the top 10 spots on the
supportive infrastructure and trade services provided by the Henley Index:
States and the UTs. Visa-free
● Export Performance: This pillar measures the actual export Rank Country travel to (out
outcomes of the states and UTs such as export growth, of 277 nations)
diversification and competitiveness. 1 Singapore 192
2 Germany, Italy, Spain 190
Singapore Passport Tops Henley Passport Index 2023 as Austria, Finland, France, Japan,
World’s Most Powerful 3 South Korea, Luxembourg, 189
Sweden
According to the Henley Passport Index, Singapore now holds Denmark, Ireland, Netherlands,
4 188
the title of the world’s most powerful passport, granting visa- UK
free access to 192 out of 227 global travel destinations. Three Belgium, Czech Republic, Malta,
European countries, namely Germany, Italy, and Spain, have 5 New Zealand, Norway, Portugal, 187
Switzerland
moved up one rank to share the second position, with visa-free
6 Australia, Hungary, Poland 186
access to 190 destinations. For the first time in five years, Japan
has been dethroned from the top spot and now ranks third, with 7 Canada, Greece 185
its passport providing visa-free access to 189 destinations. 8 Lithuania, US 184
9 Latvia, Slovakia, Slovenia 183
India’s ranking in Henley Passport Index
India has made significant progress in the Henley Passport 10 Estonia, Iceland 182
Index, improving its ranking by 5 spots compared to the previous Passports of these countries hold the bottom 10 spots on the
year. It currently shares the 80th position on the index with Henley Index:
Togo and Senegal. Indian passport holders now enjoy visa-free Visa-free travel to (out
access to 57 countries, reflecting the country’s enhanced global Rank Country
of 277 nations)
travel privileges. 103 Afghanistan 27

Overview of the Henley Passport Index 102 Iraq 29


● The United States, formerly the top-ranked country almost 101 Syria 30
a decade ago, has now slipped to the eighth position in the 100 Pakistan 33
Henley Passport Index. It shares this position with 99 Yemen, Somalia 35
Lithuania, with both countries offering visa-free access to Palestinian territory,
98 38
184 destinations. Nepal
● On the other hand, the United Kingdom has made 97 North Korea 39
significant progress, jumping two places to claim the fourth 96 Bangladesh 40
spot in the index. British passport holders can now access 95 Sri Lanka, Libya 41
188 countries without a visa, a position they last held in 94 Kosovo 42
2017.
About the Henley Passport Index
● At the opposite end of the spectrum, Afghanistan holds the
Invented nearly 20 years ago by Dr Christian H Kaelin,
lowest rank in the ranking, with its passport holders having
Chairman, Henley & Partners, the index is based on the
visa-free access to only 27 destinations. Just above exclusive and official data from the International Air Transport
Afghanistan are Iraq with a score of 29 and Syria with 30, Association (IATA). It is the original ranking of all the passports
making them the three weakest passports in the world. according to the number of destinations their holders can visit
● The influx of migrants into Singapore, driven by a without a prior visa. It’s worth noting that the Henley Passport
Index relies on data from the International Air Transport
crackdown on private enterprise in China and concerns over
Association to calculate its rankings. The methodology used by
geopolitical tensions, has resulted in increased citizenship
this index differs from other passport rankings, such as the one
grants in the nation. Approximately 23,100 people were published by financial advisory Arton Capital, which placed the
granted Singaporean citizenship last year. United Arab Emirates in the top position last year.

43 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Union Minister Shri Anurag Thakur confers 8th and 9th Union Minister during the Inaugural Session emphasized the
Community Radio Awards increasing popularity of Community Radio Stations and
expressed the government’s commitment to realizing Prime
Union Minister, Shri Anurag Thakur presented the 8th and 9th
Minister Modi’s vision of having a Community Radio Station in
National Community Radio Awards during the Inaugural
each district.
session of the two-day Regional Community Radio
Apurva Chandra, Secretary, highlighted the need for a platform
Sammelon.
to bring together the experiences of Community Radio Stations
What’s in News? and lauded their contribution during the Covid-19 pandemic.
The Union Minister for Information and Broadcasting presented
the 8th and 9th National Community Radio Awards during the Government’s Efforts:
Inaugural Session of two-day Regional Community Radio ● The licensing time has been significantly reduced from four
Sammelon held at the Indian Institute of Mass Communication years to six months.
in New Delhi. ● The number of processes involved has been reduced from
thirteen to eight.
Award Winners: ● The Government will auction 808 channels in 284 cities
Thematic Awards: during the 3rd e-auction, thereby expanding the reach of
● First Prize: Radio Mind Tree, Ambala, Haryana. Programme: radio in India.
Hope Jeene Ki Raah.
● Second Prize: Radio Hirakhand, Sambalpur, Odissa. Amended Rules Relating to Retirement Benefits of IAS, IPS,
Programme: Adhar O Poshan Bigyan. IFOS Pensioners
● Third Prize: Green Radio, Sabour, Bihar. Programme:
Poshan Shrinkhla. The central government has made significant amendments to
the rules governing retirement benefits for officers of the Indian
Most Innovative Community Engagement Awards:
Administrative Service (IAS), Indian Police Service (IPS), and
● First Prize: Radio SD, Mazaffarnagar, UP. Programme:
Indian Forest Service (IFoS).
Hizra in Between.
The amendments empower the central government to take
● Second Prize: Kabir Radio, Sant Kabir Nagar, UP.
action against pensioners, including withholding or withdrawing
Programme: Selfie Le Le Re.
their pension, even without a reference from the state
● Third Prize: Radio Mind Tree, Ambala, Haryana.
government. Such actions can be taken if the pensioner is found
Programme: Book Bugs.
guilty of grave misconduct or convicted of a serious crime,
Promoting Local Culture Awards: particularly one involving an offence under the Official Secrets
● First Prize: Voice of SOA, Cuttack, Odissa. Programme: Act.
Asmita.
● Second Prize: Friends FM, Tripura, Agartala. Programme: Definition of ‘Grave Misconduct’ and ‘Serious Crime’
Revived a dying art: MASK & POT. The Department of Personnel and Training (DoPT) issued a
● Third Prize: Pantnagar Janvani, Pantnagar, Uttarakhand. notification on July 6, 2023, specifying that ‘grave misconduct’
Programme: Dadi Maa Ka Batua. includes the communication or disclosure of any document or
information mentioned in the Official Secrets Act. Additionally,
Sustainability Modern Awards: a ‘serious crime’ encompasses any offence under the Official
● First Prize: Radio Hirakhand, Sambhalpur, Odissa. Secrets Act.
● Second Prize: Vayalaga Vanoli, Madurai, Tamil Nadu.
● Third Prize: VAGAD Radio “90.8”, Banswara, Rajasthan.
Role of Community Radio Stations:
Community Radio Stations played a vital role in realizing Prime
Minister Shri Narendra Modi’s vision of Jan Bhagidari se Jan
Andolan. Union Minster, Anurag Thakur praised these stations
for their contributions in keeping listeners informed during
calamities and highlighted their significance in education,
awareness generation, and problem solving across the remotest
concerns of India.
Significance:
Community Radio Stations plays a significant role by making
people aware about any calamities and also plays key role in the
fields of education, health and awareness generation.
44 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Eliminating Dependency on State Government References Here’s is the ranking in various categories:
● The amended All India Services (Death-cum-Retirement
Second
Benefits) Rules, 1958, have removed the dependency on Field First Place Third Place
Place
state government references for action against retired
Banaras
officials. Overall Jawaharlal Nehru Jamia Millia
Hindu
● Previously, the central government required a reference Ranking University (JNU) Islamia
University
from the respective state government if a pensioner was
Engineering IIT Madras IIT Delhi IIT Bombay
convicted.
● However, the amended rules now include the phrase “or Hindu
Presidency
otherwise” after “…the State Government concerned,” Miranda House College
Colleges College
allowing the central government to act on its own if a (Delhi University) (Delhi
(Chennai)
pensioner is found guilty of grave misconduct or convicted University)
of a serious crime. Research IISc Bengaluru – –
Innovation IIT Kanpur – –
Addressing Challenges in Taking Action Against Officers
● The rationale behind this amendment was to address IIM IIM
Management IIM Ahmedabad
instances where state governments did not send references Bangalore Kozhikode
for action against retired officials, even after their National Institute
conviction by courts of law. of Pharmaceutical
Jamia
● This lack of cooperation from state governments made it Pharmacy Education and BITS Pilani
Hamdard
Research,
challenging for the central government to take appropriate
Hyderabad
action against the concerned officers, especially when
National Law National NALSAR
dealing with All India Services officials.
School of India Law University of
Law
Final Decision on Withholding or Withdrawing Pension University, University, Law,
The amended rules now state that the decision of the central Bengaluru Delhi Hyderabad
government regarding withholding or withdrawing pension
RBI Monetary Policy June 2023: All Important Highlights
shall be considered final.
The RBI Monetary Policy meeting is held for June 2023. The
Restrictions on Publication of Sensitive Information
Reserve Bank of India (RBI) declared its second instance of
● The amended rules also introduce new provisions regarding
maintaining the interest rates at the same level, indicating
the publication of sensitive information by officers who
successful outcomes from RBI monetary policy measures. RBI
served in intelligence or security-related organizations.
Governor Shaktikanta Das announced that the repo rate would
● Such officers must seek prior clearance from the Head of remain unchanged at 6.5%. He further stated that India’s
the Organization before making any publication related to Consumer Price Index (CPI) inflation has decreased in recent
the domain of the organization, including any reference or months, and the GDP forecast for the current fiscal year remains
information about personnel and their designations, as well unchanged.
as expertise or knowledge gained while working in that
organization. RBI Monetary Policy June 2023: Key Highlights
● Failure to adhere to this undertaking may result in severe ● The Monetary Policy Committee (MPC) expressed its
action, including treating it as grave misconduct. worry regarding persistent inflation, which could be a
concern due to uncertain monsoon patterns, fluctuations in
global commodity prices, and volatility in the international
Most Important Current Affairs of June
financial markets.
NIRF 2023: IIT Madras retains top spot for 5th consecutive ● The Reserve Bank of India (RBI) estimated that the
year Consumer Price Index (CPI) inflation for the fiscal year 2024
would be around 5.1 percent. Additionally, the GDP growth
IIT Madras retains top spot for 5th consecutive year rate for FY24 was projected to be 6.5 percent.
The Indian Institute of Technology (IIT), Madras has retained ● In other developments, the RBI authorized banks to issue
the top spot in the National Institute Ranking Framework Rupay prepaid forex cards and expanded the usage of e-
(NIRF), 2023 for the fifth consecutive year, while the Indian rupee vouchers for non-banking companies.
Institute of Science (IISc), Bengaluru has been ranked as the best ● The minutes of the MPC’s meeting will be made public on
university, according to the Ministry of Education. IISc June 22.
Bengaluru has bagged the second spot in the “overall” category ● The Monetary Policy Committee (MPC) has announced that
followed by IIT Delhi. it will maintain the repo rate at 6.5%.

45 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The Standing Deposit Facility Rate remains at 6.25%, while ● Shaktikanta Das, the governor of the Reserve Bank of India
the Marginal Standing Facility Rate and Bank Rate remain (RBI), explained that various factors contributed to this
unchanged at 6.75%. reduction, including the maturity of targeted longer-term
● All members of the MPC, including Dr. Shashanka Bhide, refinancing operations (TLTROs).
Dr. Ashima Goyal, Jayanth R. Varma, Rajiv Ranjan, Michael ● Additionally, the seasonal increase in money circulation and
Debabrata Patra, and Shaktikanta Das, unanimously voted the accumulation of government cash balances during this
to keep the policy repo rate unchanged at 6.5% for the period helped moderate the excess liquidity.
second time. ● However, starting from the third week of May, the liquidity
in the system increased due to higher government spending
RBI Monetary Policy: CPI Inflation and a decrease in the amount of money in circulation.
The Reserve Bank of India (RBI) has projected the Consumer ● The RBI’s market activities and the deposit of ₹2,000
Price Index (CPI) inflation for the fiscal year 2024 to be 5.1%. banknotes in banks further added to this liquidity increase.
Inflation is expected to remain above the RBI’s target of 4% ● The presence of surplus liquidity and the higher utilization
throughout 2023-24 due to factors such as uncertainty in the of the marginal standing facility (MSF) by some banks
monsoon season, international commodity prices, and financial indicate an uneven distribution of liquidity within the
market volatility. banking sector.
Expressing concerns about rising inflation, the RBI Governor ● To address this situation, the RBI conducted two 14-day
mentioned that inflation continues to pose a risk to the variable rate reverse repo (VRR) auctions in February and
economy, considering the uncertainties mentioned earlier. March 2023, each totaling ₹50,000 crore.
RBI Monetary Policy: GDP Growth Rate of India in 2023-24 In order to take prompt action on liquidity, the Reserve Bank
conducted several VRR auctions, including a 14-day auction on
The GDP growth rate for India in 2023-24 will be kept at 6.5%
June 2 for ₹2.0 lakh crore, a 4-day auction on June 5 for ₹1.0 lakh
by the RBI MPC. On a quarterly basis, the GDP growth rate is
crore, a 3-day auction on June 6 for ₹75,000 crore, and a 2-day
projected to be 8% in Q1FY24, 6.5% in Q2FY24, 6% in Q3FY24,
auction on June 7 for ₹75,000 crore. However, the response to
and 5.7% in Q4FY24.
these auctions has been cautious.
The RBI assures that it will maintain liquidity management and
ensure the orderly completion of the government’s market Mumbai Tops the List as India’s Costliest City for Expatriates
borrowing program within the specified timeframe.
Why Mumbai in news?
Governor Shaktikanta Das stated that the MPC will take
According to Mercer’s Cost of Living survey, Mumbai has been
necessary monetary actions to anchor inflation expectations.
identified as the most expensive city for expatriates in India. The
Additionally, the real policy rate will remain positive, and the
survey analyzed 227 cities across five continents to determine
average system liquidity is still in surplus mode. It is expected to
the cost of living for expats. Following Mumbai, New Delhi and
increase further as ₹2,000 banknotes are deposited in banks. Bengaluru ranked second and third respectively on the list.
RBI Monetary Policy: Rupay prepaid Forex cards Global Ranking and Asian Comparison
The Reserve Bank of India (RBI) has authorized banks to issue In the 2023 survey, Mumbai was positioned at 147 in the global
Rupay prepaid forex cards. Additionally, the RBI has announced ranking, with New Delhi at 169, Chennai at 184, Bengaluru at
plans to expand the use of e-rupee vouchers, allowing non-bank 189, Hyderabad at 202, Kolkata at 211, and Pune at 213.
companies to issue similar instruments independently. Interestingly, Mumbai and Delhi were noted as cost-efficient
Governor Shaktikanta Das emphasized that the RBI will destinations for multinational corporations (MNCs) due to their
actively monitor and address emerging risks to both price lower cost of living and expat accommodation costs compared
stability and financial stability. to major cities in the Asia Pacific region like Shanghai, Beijing,
RBI Monetary Policy: Net FPI inflow in FY24 and Tokyo.
According to RBI Governor Shaktikanta Das, the net inflow of On a global scale, the most expensive cities for expats were
Foreign Portfolio Investments (FPI) in the fiscal year 2023- Hong Kong, Singapore, and Zurich. The survey assessed the
2024 until June 6 amounts to $8.4 billion. In comparison, the net cost of various items in each location, including housing,
FPI inflow was $14.1 billion in 2021-2022 and $5.9 billion in 2022- transportation, food, clothing, household goods, and
entertainment. This data helps employers design fair and
2023.
effective compensation packages for international assignees in
RBI Monetary Policy: Surplus Liquidity over 400 locations worldwide.
● The average daily borrowings through the liquidity
Mumbai’s Position in Asia and Global Ranking
adjustment facility (LAF) between April and May amounted
In Asia, Mumbai and Delhi ranked among the top 35 most
to ₹1.7 lakh crore, indicating less surplus liquidity compared
expensive cities for expats. However, Mumbai dropped one
to the ₹2.9 lakh crore observed throughout the entire fiscal
spot within Asian cities, moving to the 27th position compared
year 2022–23.
to the previous year’s ranking.
46 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Among Indian cities surveyed, Mumbai had the highest cost of List of Winners French Open 2023:
living for expats. However, cities like Chennai, Hyderabad,
Kolkata, and Pune offer significantly lower accommodation Title Winner Runner up
costs compared to Mumbai, with Kolkata being the most Men’s
Novak Djokovic Casper Ruud
affordable option for residents and expatriates. Singles
The survey also highlighted the least expensive locations, Women’s
Iga Świątek Karolina Muchova
including Havana (which dropped 83 spots due to currency Singles
devaluations) and two cities in Pakistan, Karachi, and Islamabad. Men’s Ivan Dodig and Sander Gille and Joran
Overall, Mercer’s Cost of Living survey provides valuable doubles Austin Krajicek Vliegen
information for employers to design fair compensation Women’s Hsieh Su-Wei and Taylor Towsend and
packages and helps expatriates understand the cost of living in doubles Wang Xinyu Leylah Fernandez
various cities worldwide. Mixed Miyu Kato and Tim Bianca Andreescu and
Mercer’s Cost of Living Survey Methodology doubles Pütz Michael Venus
Survey conducted across 227 cities from five continents
Comparative cost analysis of over 200 items, including housing, Australia Crowned with ICC World Test Championship 2023
transportation, food, clothing, household goods, and Australia clinched the title of World Test Champions in a
entertainment commanding fashion, securing a resounding 209-run victory
Employers’ Benefits from the Data over India in the thrilling WTC Final at The Oval. Travis Head
● Key information for designing efficient and transparent and Steve Smith’s remarkable centuries in the first innings laid
compensation packages for international assignees the foundation for Australia’s early control of the Test. Despite
● Helps international employers with compensation package India’s valiant response, the match extended to a fifth day, but
design in over 400 assignment locations worldwide they fell short of an extraordinary record chase, ultimately being
bowled out for 234. Australia scripted history on Sunday, June 11
Least Expensive Locations and Indian Cities Comparison as they became the first men’s team in world cricket to win an
● Havana, Karachi, and Islamabad identified as the least International Cricket Council (ICC) world title in all three
expensive locations formats.
● Chennai, Hyderabad, Kolkata, and Pune offer significantly Player of the Match: Travis Head (163 off 174 balls in 1st innings,
lower accommodation costs compared to Mumbai 18 off 27 balls in 2nd innings). Australia won the ICC Test
● Kolkata claims the lowest cost of expatriate Championship mace for the first time, and were also awarded
accommodation among the surveyed Indian cities. the cash prize of US$1.6 million, while India won US$800,000.

French Open 2023: Novak Djokovic beats Casper Ruud AUSTRALIA’S ICC TITLE’S (MEN’S CRICKET)
● 50-over World Cups: 1987, 1999, 2003, 2007, 2015
Novak Djokovic won his men’s-record 23rd Grand Slam title ● Champions Trophy: 2006, 2009
with a victory over Casper Ruud in French Open Final. Djokovic ● T20 World Cup – 2021
broke a tie with rival Rafael Nadal for the most major singles ● World Test Championship – 2021-23
trophies in the history of men’s tennis. The Serb moves into the
outright lead of men’s majors ahead of Rafael Nadal. He also ICC Player of the Month for May 2023 revealed
becomes the first man to win all four majors at least three times.
By winning his 23rd Slam title at the French Open beating ICC Men’s Player of the Month for May 2023
Norwegian world No. 4 Casper Ruud 7-6(1), 6-3, 7-5 in the final. Harry Tector has been selected as the ICC Men’s Player of the
Djokovic broke away from Rafael Nadal in the men’s pecking Month for May, marking Ireland’s first-ever recipient of the
order. Joining Serena Williams on the most Slam count by any award. He emerged victorious in a tough competition against
player in the Open Era, he also became the first man to win all the renowned Pakistani cricketer Babar Azam and Bangladesh’s
the Majors at least thrice. promising young batter Najmul Hossain Shanto. On the other
This year, the Roland Garros tournament or French open has hand, the ICC Women’s Player of the Month for May 2023 has
seen a significant increase in the total prize money, reaching an been awarded to Thipatcha Putthawong (Thailand), a talented
impressive €43.9 million. This reflects a notable rise of 13.76 19-year-old player. She follows in the footsteps of her
percent compared to the previous year. As a result of his compatriot Naruemol Chaiwai, who won the award last month.
outstanding performance at the tournament, Djokovic will be Both players were selected as the standout performers
awarded a prize money of €2,300,000 ($2,496,039), which is a following a vote conducted among a specialist panel comprising
4.55 percent increase from the amount given twelve months ICC Hall of Famers, former international players, and media
ago. The runner-up, Casper Ruud, will receive €1,150,000 representatives, and global cricket fans registered at icc-
($1,248,019) as a recognition of his commendable efforts in the cricket.com, who had been voting since the nominees were
competition. announced last week.

47 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Important points Telangana’s 5 structures chosen for the Green Apple Awards
● Tector has been enjoying a sustained period of good batting
form in One-Day International (ODI) cricket dating back to In the Urban and Real Estate Sector category, Telangana has
July 2022, and his recent run-scoring feats have seen him been awarded with the International Green Apple Awards for
shoot up to a highest-ever position of seventh spot in the Beautiful Buildings. For the first time any building or structure in
MRF Tyres ICC Men’s ODI batting rankings. India has received these prestigious awards. The awards are
● Newly crowned ICC Women’s Player of the Month presented annually by The Green Organization, an independent
Thipatcha Putthawong became Thailand’s latest winner of non-profit organisation based in London, to recognize and
the award following a flurry of impressive bowling figures in promote global environmental best practices.
her country’s gold-medal winning performance at the
Southeast Asian (SEA) Games in Phnom Penh, Cambodia in The five selected buildings and structures from Telangana are
May. The left-armer took 11 wickets in four T20Is during the as follows:
performance period at a staggering average of 1.54, 1. Mozzam-Jahi Market (Heritage category)
enjoying successive spells of four wickets for three runs, 2. Durgam Cheruvu Cable Bridge (Bridge category)
three for three, and three for two against the Philippines, 3. B R Ambedkar Telangana State Secretariat Building falls
Malaysia and Myanmar respectively in Thailand’s surge to under the aesthetically designed office and workspace category
gold. 4. Integrated Command Control Center of Telangana Police is a
distinctive type of office.
Community Spirit Index: Indian City Is Ranked Second Most 5. Yadadri Temple (Excellent religious structures category)
Unfriendly City In the World Each of these buildings has been recognized for their unique
In the recent ranking by the Community Spirit Index, 53 cities attributes such as exceptional restoration and re-use, innovative
from different countries have been given ranks based on how engineering, well-thought-out design, advanced technology
friendly and unfriendly their residents are. For this purpose, 6 and devotion to detail. The Green Apple Awards play an
metrics have been considered. Toronto and Sydney are named important part in recognizing and promoting eco-friendly
the world’s top friendliest countries in the index while India’s building and design methods.
capital New Delhi and Mumbai are among the most unfriendly
cities in the world. About Green Organisation:
New York, Dublin, Copenhagen, Montreal and Manchester are The Green Organisation, founded in London in 1994, is an
also among the world’s top friendliest countries. India’s financial independent non-profit organisation that focuses on
capital Mumbai is ranked the second most unfriendliest city in recognizing, rewarding, and promoting environmental best
the world by Preply which prepared the Community Spirit Index. practices globally. The green organisation has been organising
Most friendly cities in the world the annual ‘Green Apple Awards’ since 2016, with the aim of
1. Toronto recognizing and honouring environmentally responsible
2. Sydney construction and design practices.
3. Edinburgh
4. Manchester International Yoga Day 2023
5. New York
International Yoga Day is celebrated every year on June 21st
6. Montreal
7. Melbourne to promote the numerous benefits of practicing yoga. The
8. San Francisco chosen date coincides with the summer solstice, the longest day
9. Dublin of the year in the Northern Hemisphere. This day serves as a
10. Copenhagen platform to raise awareness about the holistic approach to well-
being that yoga offers. It highlights the importance of finding
Mumbai and Delhi among the world’s least friendly cities
balance in our fast-paced, modern lives and encourages
Accra in Ghana was ranked as the least friendly city in the world
physical, mental, and spiritual harmony. Yoga fosters
for non-natives, with a friendliness score of just 3.12 out of 10.
Marrakech in Morocco ranks at 2 as the second least friendly city mindfulness, stress reduction, and overall health and vitality.
in the world with a score of 3.69, followed by Mumbai, Kuala In its 9th edition, this year’s International Day of Yoga will be
Lumpur, Rio de Janeiro, and Delhi. Mumbai has 3.91 per cent led by Prime Minister Narendra Modi at the UN Headquarters on
“friendly staff” while Delhi has 3.27 per cent, according to the June 21st. This marks the first time a yoga session will be
index. Mumbai scored 3.78 for happiness while Delhi was at 4.01. conducted by the Prime Minister at this location.
1. Ghana
International Yoga Day 2023 Theme
2. Morocco
3. Mumbai The theme selected for this year’s International Day of Yoga
4. Kuala Lumpur 2023 is “Yoga for Vasudhaiva Kutumbakam,” which
5. Rio de Janeiro represents our shared desire for “One Earth, One Family, One
6. Delhi Future.”

48 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
International Yoga Day 2023 Significance Gifts from President Biden and First Lady Jill Biden to PM
The significance of International Yoga Day is to raise awareness Modi:
of the many benefits of yoga for physical and mental health. 1. Antique American Book Galley: President Biden and First
Yoga is a mind-body practice that originated in India thousands Lady Jill Biden presented PM Modi with a handmade,
of years ago. It combines physical postures, breathing exercises, antique American book galley from the early 20th century.
and meditation. Yoga has been shown to improve flexibility, This gift symbolized the rich literary heritage and shared
strength, balance, and endurance. It can also help to reduce love for knowledge between the United States and India.
stress, anxiety, and depression. The book galley held historical significance, representing
The primary objective of the International Day of Yoga is to raise the importance of cultural exchange and intellectual
awareness about yoga as a holistic practice for mental and
collaboration.
physical well-being. This observance holds great importance in
2. Vintage American Camera and Prints: Accompanying the
shedding light on the importance of psychological and physical
book galley, the Bidens gifted PM Modi a vintage American
wellness in today’s world. Furthermore, the day encourages the
cultivation of a regular meditation practice to foster mental camera, evoking the spirit of artistic expression and
clarity and self-awareness, essential for thriving in a stress-free photography. The camera was accompanied by an archival
environment. facsimile print of George Eastman’s Patent of the first
Kodak camera, paying homage to the invention that
International Yoga Day History revolutionized photography. Additionally, a hardcover
During his speech at the 69th session of the UN General book on American wildlife photography and a signed, first
Assembly in 2014, Prime Minister Narendra Modi put forward edition copy of ‘Collected Poems of Robert Frost’ were
the concept of a dedicated yoga day. On December 11, 2014, all
included, celebrating American literature and nature.
193 member states of the United Nations unanimously agreed
to observe the International Day of Yoga on June 21. The President of India presents National Florence Nightingale
inaugural celebration occurred on June 21, 2015. Millions of Awards for 2022 and 2023
people around the world participated in yoga events on this day,
and the event was widely covered by the media. Since then, National Florence Nightingale Awards for 2022 and 2023
International Yoga Day has become a global phenomenon, and On June 22, 2023, the President of India, Smt. Droupadi
it is now celebrated in over 190 countries. Murmu, bestowed the National Florence Nightingale Awards
for the years 2022 and 2023 to nursing professionals during a
PM Modi and President Biden Exchange Unique Gifts During
ceremony held at Rashtrapati Bhavan. These prestigious awards
White House Visit
were established by the Ministry of Health and Family Welfare,
During Prime Minister Narendra Modi’s visit to the United Government of India, in 1973 to honor the exceptional
States and his meeting with President Joe Biden at the White contributions made by nurses and nursing professionals to
House, both leaders exchanged unique and thoughtful gifts as a society.
symbol of friendship and diplomacy. These gifts not only
represented the cultural heritage of India and the United States National Florence Nightingale Awards for 2022
but also showcased the personal connection between the two
leaders. Here are the details of the gifts exchanged between PM
Modi and President Biden:
Gifts from PM Modi to President Biden and First Lady Jill
Biden:
1. Special Sandalwood Box: Prime Minister Modi presented a
special sandalwood box to President Biden. This box was
meticulously handcrafted by a master craftsman from
Jaipur, showcasing the exquisite artistry and craftsmanship
of India. The box contained an idol of Lord Ganesha, a
revered deity in Hinduism, symbolizing wisdom, success,
and good fortune. Additionally, it included a Diya, an oil
lamp that holds great spiritual significance in Indian culture.
2. Lab-Grown Diamond: As a gesture of appreciation, PM
Modi gifted a 7.5-carat lab-grown diamond to First Lady Jill
Biden. This diamond was specifically chosen for its ability to
reflect the chemical and optical properties of earth-mined
diamonds. The exquisite diamond was placed in a Papier
mache box called kar-e-kalamdani, adding to its uniqueness ● ANM= Auxiliary Nurse and Midwife
and elegance. ● LHV= Lady health visitors

49 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
National Florence Nightingale Awards for 2023 Global Competitiveness Index 2023: India’s Position:
Progress Amidst Challenges
India, despite experiencing a slight drop of three ranks, finishes
in 40th place in the 2023 Global Competitiveness Index,
indicating an improvement compared to its consistent 43rd
position between 2019 and 2021. The IMD report highlights
several areas of advancement and challenges faced by India in
its pursuit of competitiveness.
Areas of Improvement:
1. Government Efficiency: India demonstrated improvement
in government efficiency, reflecting positive developments
in governance and public administration.
2. Exchange Rate Stability: The stability of India’s exchange
rate played a significant role in boosting its competitiveness
score, contributing to a favorable business environment.
3. Compensation Levels and Pollution Control: India’s
competitive score benefited from its compensation levels
and efforts to improve pollution control, emphasizing a
Global Competitiveness Index 2023
focus on sustainable practices.
The 2023 Global Competitiveness Index, published by the
International Institute for Management Development (IMD), has Global Competitiveness Index 2023: Noteworthy
named Denmark, Ireland, and Switzerland as the top three most Advancements:
competitive economies among 64 nations surveyed. The report 1. Ireland’s Remarkable Leap: Ireland’s ascent from 11th to
highlights the unique approaches taken by these countries to second place demonstrates its commitment to
achieve competitiveness and emphasizes the importance of competitiveness. The country’s access to markets and
long-term value creation. In this article, we will delve into the trading partners has played a pivotal role in its remarkable
rankings, key findings, and notable advancements and progress.
challenges faced by various countries.
2. Singapore’s Consistency: Despite falling one spot to fourth
Global Competitiveness Index 2023: Top Three Economies place, Singapore remains a highly competitive economy.
1. Denmark: Retaining its first-place position from last year, The country’s ability to leverage its market access and
Denmark continues to demonstrate exceptional maintain consistency in competitiveness is commendable.
competitiveness. The country’s efficient utilization of 3. India’s Progress: India, ranking 40th, experienced an
markets and trading partners contributes to its success.
improvement from its previous position of 43rd. Notable
2. Ireland: Making an impressive leap from 11th place in the
strengths for India include exchange rate stability,
previous year, Ireland secures the second spot. Its ability to
capitalize on market access and trading opportunities compensation levels, and advancements in pollution
enhances its competitiveness. control. However, there are challenges to address, such as
3. Switzerland: Despite dropping from second place in 2022 maintaining high GDP growth, controlling inflation and
and first place in 2021, Switzerland maintains its position in fiscal deficit, and accelerating digital transformation.
the top three. The country’s strategic utilization of its
market access and trading partners sustains its
competitiveness.
Top 10 Economies in the 2023 Global Competitiveness Index
Rank
1. Denmark
2. Ireland
3. Switzerland
4. Singapore
5. Netherlands
6. Taiwan
7. Hong Kong
8. Sweden
9. United States
10. United Arab Emirates

50 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Challenges and Regional Insights: Growth of Indian Ecosystems:
1. Europe’s Prominence: European economies dominated Indian ecosystems continue to rise, with Mumbai leading the
the top 10 rankings in 2023, with five countries featured. way by climbing five places to reach a tie at #31. Bengaluru-
Denmark, Switzerland, Ireland, Netherlands, and Sweden Karnataka and Delhi both moved up two places, securing the
showcased their competitive prowess, although Sweden 20th and 24th positions, respectively. The report attributes this
slipped four places from the previous year. progress to India’s growing digital public infrastructure, which
2. South American Lag: Six South American countries has played a significant role in driving the country’s startup
occupied the bottom 10 positions in the index, with growth.
Venezuela ranking last at 64th place. Argentina, Mongolia, Emerging Ecosystems:
South Africa, Brazil, Botswana, and Colombia also faced Pune, an emerging ecosystem in India, has made substantial
competitiveness challenges. progress, moving into the 31-40 range from 51-60 in the previous
3. Arab World Advancements: Saudi Arabia climbed seven year’s rankings. This upward trajectory indicates Pune’s
places to reach the 17th rank globally and ranked third in the potential as a thriving startup hub. Other Indian cities have also
Arab world. Qatar improved by six places, securing the 12th witnessed notable advancements, reflecting the country’s
position worldwide and second in the Arab world. Bahrain overall growth in the tech sector.
advanced five places to claim the 25th spot globally and Impressive Gains:
fourth in the Arab world. The United Arab Emirates Melbourne, Australia, has seen remarkable progress, climbing
maintained its leadership in the Arab world, securing the six places to secure the 33rd position. The Australian
tenth position globally. Jordan saw a two-place ecosystem’s Ecosystem Value has grown by 43% since the GSER
advancement, ending at 54th place globally but last in the 2022. Zurich, Switzerland, has also made significant strides,
Arab world at the sixth position. rising ten places to reach #36, marking the most substantial
year-on-year improvement in Europe.
Global Startup Ecosystem Report 2023
Table: Top 10 Startup Ecosystems (Based on GSER 2023
The recently released Global Startup Ecosystem Report 2023 Rankings)
(GSER 2023) by Startup Genome provides a comprehensive 1 Silicon Valley
analysis of startup ecosystems worldwide. With data from 2 New York City
millions of startups across various ecosystems, the report offers 3 London
valuable insights into the global startup landscape. Bengaluru, 4 Los Angeles
known as India’s Silicon Valley, has secured the 20th position on 5 Tel Aviv
6 Boston
the list, climbing two spots from the previous year.
7 Beijing
Global Startup Ecosystem Report 2023: Top Ecosystems 8 Singapore
The report highlights that the top three ecosystems—Silicon 9 Shanghai
Valley, New York City, and London—have maintained their 10 Berlin.
positions from 2020, securing the top spots. However, Boston
QS World University Rankings 2024
and Beijing have slipped out of the top five, making room for Los
Angeles to rise to #4 and Tel Aviv to #5. The QS World University Rankings 2024 have been released,
showcasing the top universities globally. Massachusetts
Rise of Singapore and Miami: Institute of Technology (MIT) retains its position at the pinnacle
Singapore has made an impressive entry into the top 10, of the rankings for the 12th consecutive year. Notable changes
climbing ten places to secure the 8th position. This significant in the rankings include the University of Oxford surpassing
improvement marks Singapore’s growing prominence in the Stanford University to secure the third spot. The methodology
global startup ecosystem. Additionally, Miami has made notable for the rankings has been updated, incorporating new metrics
progress, advancing ten positions to reach #23, firmly such as Sustainability, Employment Outcomes, and
establishing itself among the top 30 ecosystems. International Research Network. This article provides an
overview of the top Indian universities and the global rankings.
Chinese Ecosystems:
The rankings show a decline for major Chinese ecosystems. Top 10 Indian Institutions in the QS World University
Shenzhen dropped 12 places, Beijing slipped two spots, and Rankings 2024
Shanghai fell one position, currently standing at #35, #7, and 1. Indian Institute of Technology (IIT) Bombay: Climbing an
#9, respectively. impressive 23 positions, IIT Bombay secures the 149th rank
globally, breaking into the top 150 universities worldwide.
51 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
2. Indian Institute of Technology (IIT) Delhi: IIT Delhi comes in QS World University Rankings 2024: Top-20
second among Indian universities, with a commendable
2024 2023
ranking of 197 in the QS World University Rankings 2024.
3. Indian Institute of Science (IISc) Bangalore: IISc Bangalore is =17 12 Peking University China
ranked at 225, maintaining its position as one of India’s =17 16= Princeton University US
premier research institutions. The University of New South
4. Indian Institute of Technology (IIT) Kharagpur: IIT =19 45 Australia
Wales
Kharagpur is placed fourth among Indian institutions, =19 41 The University of Sydney Australia
securing a ranking of 271 in the QS World University
The QS World University Rankings continue to showcase the
Rankings.
dominance of American universities, which secure half of the
5. Indian Institute of Technology (IIT) Kanpur: IIT Kanpur
spots in the top 20.
follows closely behind at 278, showcasing its excellence in
engineering and technology education. QS World University Rankings 2024: Key Highlights
6. Indian Institute of Technology (IIT) Madras: IIT Madras ● Institutions in both Europe and America dominate the top
achieves a ranking of 285, solidifying its position as one of 10 rankings, with many receiving perfect scores of 100 in
India’s top technical institutions. indicators such as ‘Academic reputation’, ‘Employer
7. Indian Institute of Technology (IIT) Guwahati: IIT Guwahati reputation’, and ‘Faculty/Student ratio’.
is ranked at 364, making it one of the leading engineering ● The National University of Singapore (NUS) is the only
institutions in India. institution from Asia to secure a place in the top 10.
8. Indian Institute of Technology (IIT) Roorkee: IIT Roorkee ● The University of California, Berkeley (UCB) is the sole
secures the 369th rank globally, further enhancing its institution to achieve a perfect score of 100 in the new
reputation as a prestigious technological institute. ‘Sustainability’ indicator. Other universities with high
9. University of Delhi: Making its debut in the top 500, the
sustainability scores include the University of Pennsylvania
University of Delhi achieves a ranking of 407, reflecting its
(ranked 12th), University of Toronto (ranked 21st), and
academic excellence and diverse offerings.
University of British Columbia (ranked 34th), all with scores
10. Anna University: Another newcomer to the top 500, Anna
of 99.9.
University attains a ranking of 427, showcasing its growth
● The rankings feature 85 new entrants, with more than half
and contributions to higher education in India.
coming from Asia. Bangladesh (11 new institutions),
QS World University Rankings 2024: Top Performers Indonesia (10), India and Malaysia (five each), and
QS World University Rankings 2024: Top-20 Kazakhstan (four) have the highest representation among
2024 2023 the new entrants.
● Two of the new entrants, the National University of
1 1 MIT US
Singapore and the University of California, Berkeley, have
2 2 University of Cambridge UK secured a place in the top 10 rankings.
3 4 University of Oxford UK ● Other new locations included in this year’s rankings are
4 5 Harvard University US Iceland and Luxembourg, with one institution each, as well
as Nigeria (two) and Ethiopia (one).
5 3 Stanford University US
● Noteworthy new entrants achieving excellent results
6 6= Imperial College London UK include Hamad bin Khalifa University from Qatar and the
7 9 ETH Zurich Switzerland University of Luxembourg, securing their places in the top
National University of 400.
8 11 Singapore
Singapore
RBI's Financial Stability Report Highlights Strong
9 8 UCL UK
Performance of Indian Banking Sector
University of California,
10 27 US The Reserve Bank of India (RBI) recently released its 27th
Berkeley
11 10 University of Chicago US Financial Stability Report (FSR), presenting an assessment of
the Indian financial system's resilience and risks. Despite global
12 20 Cornell University US
uncertainties and challenges, the Indian economy continues to
13 13 UPenn US display robust growth supported by strong macroeconomic
14 33 The University of Melbourne Australia fundamentals. The banking sector, in particular, has performed
=15 6= Caltech US well, outshining the turmoil experienced by advanced
economies.
=15 18 Yale University US

52 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Here are the key highlights from the report: Resilience of Indian Economy:
1. Robust Deposit Growth: Exceeding 10% Threshold Amidst global headwinds, the Indian economy demonstrates
Aggregate deposit growth, which had experienced a slight resilience, benefiting from continued growth momentum,
moderation in the previous two years, regained momentum moderating inflation, a narrowing current account deficit, rising
and crossed the 10% mark, reaching 11.8% as of June 2, foreign exchange reserves, ongoing fiscal consolidation, and a
2023. The primary driver of this growth was private-sector robust financial system.
banks, as term deposits attracted healthy accretions in the
Encouraging Signs for Indian Economy:
rising interest rate cycle. Consequently, current account
and savings account (CASA) deposits experienced a relative The healthy balance sheets of banks and corporates are
decline. fostering a new credit and investment cycle, brightening the
2. Impressive Credit Growth: Surpassing 15% Benchmark The prospects of sustained growth for the Indian economy.
banking sector witnessed remarkable credit growth, driven Strong Capital Adequacy:
equally by public sector banks and private banks. Credit Scheduled commercial banks (SCBs) witnessed historical highs
growth reached an impressive 15.4%, with significant in capital to risk-weighted assets ratio (CRAR) and common
contributions from the personal loan segment. Personal equity tier 1 (CET1) ratio. As of March 2023, the CRAR stood at
loans, encompassing housing, credit card receivables, 17.1%, while the CET1 ratio reached 13.9%.
vehicle/auto loans, and education loans, experienced
broad-based growth of 22.2% year-on-year. Most Important Current Affairs of May
3. Enhanced Asset Quality: GNPA Reaches Decadal Low
Banks have successfully improved their asset quality by Mann Ki Baat 100th Episode: PM Modi addresses 100th
reducing the proportion of non-performing assets. episode of Mann Ki Baat
Scheduled commercial banks (SCBs) continued to enhance
Prime Minister Narendra Modi's monthly radio program 'Mann
their asset quality, with the gross non-performing assets
ki Baat' reached a significant milestone on Sunday, April 30th,
(GNPA) ratio falling to a 10-year low of 3.9% in March 2023.
with the broadcast of its 100th episode. The program, which
Additionally, the net non-performing assets (NNPA) ratio
started in October 2014, has become an essential component of
improved to 1.0%, a level last seen in June 2011.
the Indian government's outreach program and has addressed
4. Decline in Large Borrowers: Retail Loans Gain Traction
various social groups, including women, youth, and farmers.
Over the past three years, the share of large borrowers in
the gross advances of SCBs has consistently decreased. It Broadcast at the UN Headquarters in New York:
dropped from 51.1% in March 2020 to 46.4% in March 2023, The 100th episode of 'Mann ki Baat' was historic as it was
primarily due to the faster growth of retail loans compared broadcast live in the United Nations headquarters in New York.
to corporate borrowings. Consequently, the share of large This program's significance has spurred community action and
borrowers in the GNPA of SCBs also substantially declined. has become a key pillar of the government's citizen outreach
5. Profit Margin Boost: Higher Net Interest Margin and program.
Strong PAT Growth During the period of 2022-23, banks
experienced a 30 basis points improvement in net interest Arrangements for mass outreach:
margin (NIM), as the transmission of monetary policy The ruling Bharatiya Janata Party (BJP) made elaborate
tightening to deposit rates lagged behind the pass-through arrangements for the Sunday special episode, and ministries of
to lending rates. This resulted in a healthy 38.4% year-on- the Central government and state units have planned several
year growth in bank's profit after tax (PAT), driven by a programs to mark the historic feat. The party left no stone
significant increase in net interest income (NII) and reduced unturned to make the 100th episode of Mann Ki Baat an
provisions. unprecedented mass outreach program.

RBI Financial Stability Report, June 2023: Indian Economy Broadcast arrangements in India and overseas:
and Financial System Remain Resilient The BJP has made arrangements at around four lakh places
The Reserve Bank of India (RBI) has released the 27th issue of across the country for people to hear PM Modi's address. The
the Financial Stability Report (FSR), providing an assessment of party president, J P Nadda, has overseen the entire exercise to
risks to financial stability and the resilience of the Indian make it a historic success. Overseas Indians around the world
financial system. Despite global uncertainties, the Indian also listened to 'Mann Ki Baat', the party said in a statement.
economy and domestic financial system exhibit strength, 'Non-political' event:
supported by robust macroeconomic fundamentals. The BJP made arrangements for the broadcast of the 100th
Global Economic Uncertainty: episode of PM Modi's 'Mann ki Baat' in 2000 enclosures at the
Heightened uncertainty persists in the global economy due to booth level across Odisha and appealed to people and other
fragility in certain banking systems, geopolitical tensions, and political parties, like the BJD and Congress, to listen to it. The
moderating but elevated inflation. party emphasized that 'Mann ki Baat' is purely non-political.

53 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Celebrations marking the occasion: • In terms of this parameter, India is ranked worse than all
To celebrate the 100th episode of 'Mann ki Baat', the Union other countries except for China, Mexico, Iran, Pakistan,
Ministry of Tourism has planned "100 days of action" through its Syria, Yemen, Ukraine, and Myanmar, with Myanmar
Yuva Tourism Clubs. Additionally, the Uttar Pradesh unit of the having the lowest ranking.
BJP made elaborate arrangements for its airing at 55,000 • India's performance in the World Press Freedom Index is
centers at the booth level. Union Home Minister Amit Shah also poor compared to other countries in South Asia.
rolled out a commemorative postage stamp to mark the 100th Bangladesh ranks slightly worse than India at 163, while
edition of 'Mann Ki Baat,' and a commemorative Rs 100 coin was Pakistan ranks ahead of India at 150.
unveiled to mark the momentous event in the valedictory • Surprisingly, even Afghanistan, where the Taliban
session. government is known to restrict independent journalism,
has a better ranking than India, at 152. Bhutan has a much
Survey reveals popularity: better ranking at 90, while Sri Lanka is ranked at 135.
Ahead of the 100th episode, an IIM Survey found that nearly 96 World Press Freedom Index 2023: Globally
percent of the population is aware of PM Modi's monthly radio • Nordic countries like Norway, Ireland, and Denmark ranked
program 'Mann ki Baat.' The program has reached 100 crore top three respectively while Vietnam, China, and North
people who are aware and have listened to the program at least Korea were the bottom three countries on the index.
once. The report states there are 23 crore regular listeners of the • Russia, where the government has largely completed its
program and it has cited powerful and decisive leadership and quelling of independent media, fell nine places to 164th.
emotional connection with the audience as reasons for its Despite the Russian invasion and its own issues with
popularity. oligarchs, Ukraine rose 27 places to 79th.
World Press Freedom Index 2023: India ranks 161 out of 180 Top 10 Countries in the List:
countries
Rank Countries
World Press Freedom Index 2023
1 Norway
According to the latest report from global media watchdog
Reporters Without Borders (RSF), India has slipped to the 161st 2 Ireland
position out of 180 countries in the 2023 World Press Freedom 3 Denmark
Index. The report was released by RSF, and it indicates a decline 4 Sweden
in India's ranking for press freedom. 5 Finland
There are more than 100,000 newspapers (including 36,000
6 Netherlands
weeklies) and 380 TV news channels currently operating in the
country. Since January 1, 2023 one journalist was killed in the 7 Lithuania
country while 10 journalists are behind bars. This year’s report 8 Estonia
shows the number of countries deemed “satisfactory” for their 9 Portugal
treatment of journalists rising slightly, but so does the number 10 East Timor
where the situation is “very serious”.
Bottom 10 Countries in the List:
What is World Press Freedom Index?
The World Press Freedom Index is based on five different factors Rank Countries
that are used to calculate scores and rank countries. These five 171 Bahrain
sub-indicators include the Political indicator, Economic
172 Cuba
indicator, Legislative indicator, Social indicator, and Security
173 Myanmar
indicator. Scores are calculated for each of these indicators and
used to determine the overall ranking of countries in terms of 174 Eritrea
press freedom. 175 Syria

World Press Freedom Index 2023: India 176 Turkmenistan


• India's rank in the Security indicator category is particularly 177 Iran
concerning, as it has fallen to 172 out of 180 countries in the 178 Vietnam
2023 World Press Freedom Index. This means that only 179 China
eight countries have a worse ranking than India when it
180 North Korea
comes to ensuring the safety and security of journalists.

54 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
The World’s 10 Highest-Paid Athletes 2023 by Forbes Athlete Earnings (USD)
International soccer stars Cristiano Ronaldo ($136 million), Kylian Mbappé $120 million
Lionel Messi ($130 million) and Kylian Mbappe ($120 million) LeBron James $119.5 million
are the top three highest-paid athletes. Ronaldo leads the way Canelo Álvarez $110 million
with an estimated haul of $136 million, including $46 million
Dustin Johnson $107 million
from his playing salary and bonuses and $90 million from
endorsements, appearances, licensing income and other Phil Mickelson $106 million
business endeavors. Mbappé, who at age 24 comes in at No. 3 Stephen Curry $100.4 million
with $120 million, and Johnson, who lands at No. 6 with $107 Roger Federer $95.1 million
million, make eye-popping debuts in the top ten. Kevin Durant $89.1 million
Forbes calculates on-field earnings based on prize money,
salaries and bonuses, while off-field earnings are an estimate of Pulitzer Prizes 2023 Announced: Check The Complete List Of
sponsorship deals, appearance fees and memorabilia and Winners
licensing income. It also includes cash returns from businesses Pulitzer Prizes 2023
that are operated by the athlete. The world’s ten highest-paid
The 2023 Pulitzer Prize winners were announced, with four of
athletes collectively made $1.11 billion before taxes and agents’
the 16 awards for journalism across 15 categories going to local
fees over the last 12 months, the highest total ever.
outlets reporting on corruption among local officials. The
The Top Ten Pulitzers are regarded as the highest honor that a U.S.-based
journalist or organization can receive. The awards were
Athlete Earnings (USD) announced by Marjorie Miller, the administrator of the Pulitzer
Cristiano Ronaldo $136 million Prizes. There are 22 Pulitzer categories. In 21 of those categories
Lionel Messi $130 million the winners receive a $15,000 cash award and a certificate.

2023 Pulitzer Prizes: JOURNALISM

Category Winner Description


Associated Press, for the
work of Mstyslav Chernov, Courageous reporting from the besieged city of Mariupol that bore witness
Public Service
Evgeniy Maloletka, Vasilisa to the slaughter of civilians in Russia’s invasion of Ukraine.
Stepanenko and Lori Hinnant
For revealing a secretly recorded conversation among city officials that
Breaking News Staff of the Los Angeles included racist comments, followed by coverage of the rapidly resulting
Reporting Times turmoil and deeply reported pieces that delved further into the racial issues
affecting local politics.
For sharp accountability reporting on financial conflicts of interest among
Investigative Staff of The Wall Street officials at 50 federal agencies, revealing those who bought and sold stocks
Reporting Journal they regulated and other ethical violations by individuals charged with
safeguarding the public’s interest.
For deeply reported and compelling accounting of the Trump
Explanatory Caitlin Dickerson of The administration policy that forcefully separated migrant children from their
Reporting Atlantic parents, resulting in abuses that have persisted under the current
administration.
For reporting that revealed how a former Mississippi governor used his
office to steer millions of state welfare dollars to benefit his family and
friends, including NFL quarterback Brett Favre. John Archibald, Ashley
Anna Wolfe of Mississippi
Local Reporting Remkus, Ramsey Archibald and Challen Stephens of AL.com, Birmingham
Today, Ridgeland, Miss.
For a series exposing how the police force in the town of Brookside preyed
on residents to inflate revenue, coverage that prompted the resignation of
the police chief, four new laws and a state audit.

55 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Category Winner Description
For unflinching reporting that captured the complex consequences of life
National Caroline Kitchener of The
after Roe v. Wade, including the story of a Texas teenager who gave birth
Reporting Washington Post
to twins after new restrictions denied her an abortion.
For their unflinching coverage of Russia’s invasion of Ukraine, including an
International
Staff of The New York Times eight-month investigation into Ukrainian deaths in the town of Bucha and
Reporting
the Russian unit responsible for the killings.
For evocative individual narratives about people struggling with the
Eli Saslow of The Washington
Feature Writing pandemic, homelessness, addiction and inequality that collectively form a
Post
sharply-observed portrait of contemporary America.
For measured and persuasive columns that document how Alabama’s
Kyle Whitmire of AL.com, Confederate heritage still colors the present with racism and exclusion, told
Commentary
Birmingham through tours of its first capital, its mansions and monuments–and through
the history that has been omitted.
Andrea Long Chu of New For book reviews that scrutinize authors as well as their works, using
Criticism
York magazine multiple cultural lenses to explore some of society’s most fraught topics.
Nancy Ancrum, Amy Driscoll,
For a series of editorials on the failure of Florida public officials to deliver on
Luisa Yanez, Isadora Rangel
Editorial Writing many taxpayer-funded amenities and services promised to residents over
and Lauren Costantino of the
decades.
Miami Herald
Illustrated For striking illustrations that combine statistical reporting with keen
Mona Chalabi, contributor,
Reporting and analysis to help readers understand the immense wealth and economic
The New York Times
Commentary power of Amazon founder Jeff Bezos.
For unique and urgent images from the first weeks of Russia’s invasion of
Breaking News Photography Staff of Ukraine, including the devastation of Mariupol after other news
Photography Associated Press organizations left, victims of the targeting of civilian infrastructure and the
resilience of the Ukrainian people who were able to flee.
Feature Christina House of the Los For an intimate look into the life of a pregnant 22-year-old woman living on
Photography Angeles Times the street in a tent–images that show
Whose investigation into her father’s troubled past revealed a larger story
of abuse of hundreds of Indigenous children at an Indian residential school
Staff of Gimlet Media,
Audio Reporting in Canada, including other members of Walker’s extended family, a
notably Connie Walker
personal search for answers expertly blended with rigorous investigative
reporting.

2023 Pulitzer Prizes: BOOKS, DRAMA & MUSIC

Category Title and Author


Fiction “Demon Copperhead” by Barbara Kingsolver (Harper)
Fiction “Trust” by Hernan Diaz (Riverhead Books)
Drama “English” by Sanaz Toossi
“Freedom’s Dominion: A Saga of White Resistance to Federal Power” by Jefferson Cowie (Basic
History
Books)
Biography “G-Man: J. Edgar Hoover and the Making of the American Century” by Beverly Gage (Viking)
Memoir or
“Stay True” by Hua Hsu (Doubleday)
Autobiography
Poetry “Then the War: And Selected Poems, 2007-2020” by Carl Phillips (Farrar, Straus and Giroux)
“His Name Is George Floyd: One Man’s Life and the Struggle for Racial Justice” by Robert Samuels
General Nonfiction
and Toluse Olorunnipa (Viking) (Moved by the Board from the Biography category.)
Music “Omar” by Rhiannon Giddens and Michael Abels

56 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Madraid Open 2023: Carlos Alcaraz successfully defended Argentina’s Lionel Messi wins Laureus sportsman of the year
Madrid Open trophy 2023
Madraid Open 2023: Laureus World Sports Awards 2023
Carlos Alcaraz has successfully defended his Madrid Open
Lionel Messi, who led Argentina to victory in the 2022 World
tennis trophy by beating a very good Jann-Lennard Struff in
three sets 6-4 3-6 6-3. The victory in just over an hour took the Cup as their captain, was honored with the Laureus Sportsman
19-year-old's winning streak to 10 matches and gave him a of the Year award at a ceremony held in Paris. In addition to
second consecutive title after victory last month in Barcelona. that, Messi accepted the World Team of the Year award on
Alcaraz beat Rafael Nadal and world No. 1 Novak Djokovic on his behalf of the Argentina men’s football team, who won the
way to the Madrid final a first in a clay court tournament and will championship in Qatar. Messi also became the first athlete to
climb to No. 6 in the world.
scoop both the World Sportsman of the Year Award and the
Here are the winners of different categories: World Team of the Year Award in the same year.
Category Winner Laureus World Sports Awards: Full awards list
Men’s singles: C. Alcaraz Garfia
Award Winner
Women’s singles: A. Sabalenka
World Sportsman of the Year Award Lionel Messi
Men’s doubles: K. Khachanov & A. Rublev
World Sportswoman of the Year Shelly-Ann Fraser-
Women’s doubles: V. Azarenka & B. Haddad Maia
Award Pryce
About the Madrid Open: Argentina Men’s
The Madrid Open is a professional tennis tournament that takes World Team of the Year Award
Football Team
place annually in Madrid, Spain. The tournament is part of the
World Breakthrough of the Year
ATP Tour and the WTA Tour, which are the men's and women's Carlos Alcaraz
professional tennis circuits, respectively. The Madrid Open is Award
one of the most prestigious tennis events in the world, and it is World Comeback of the Year Award Christian Eriksen
held at the Caja Magica, which is a multi-purpose stadium with World Sportsperson of the Year with Catherine
three clay courts. a Disability Award Debrunner
The Madrid Open features both men's and women's singles and World Action Sportsperson of the
doubles competitions. The event is known for attracting the best Eileen Gu
Year Award
players in the world, including top-ranked players like Rafael
Nadal, Novak Djokovic, and Serena Williams. The tournament is Laureus Sport for Good Award TeamUp
played on clay courts, which is a surface that is commonly used
in many European tennis tournaments. Fakhar Zaman, Naruemol Chaiwai crowned ICC players of
The Madrid Open was first held in 2002, and it has since become the month for April
one of the most significant tennis events in the world. The
tournament is known for its state-of-the-art facilities, including The International Cricket Council (ICC) announced the winners
the Caja Magica stadium, which has retractable roofs on all three of the ICC Player of the Month awards for April 2023. Fakhar
courts. The Madrid Open has also introduced innovative Zaman of Pakistan wins the ICC Men’s Player of the Month
initiatives, such as using blue clay courts in 2012, which award, and Thailand skipper Naruemol Chaiwai secures the ICC
generated controversy among players and fans alike. Women’s Player of the Month after both produced dominant
match-winning performances for their countries in the One-Day
International (ODI) format.

Why Fakhar Zaman?


Following a quiet T20I series, Fakhar was at the forefront of his
side’s success in the subsequent ODI showdowns. Chasing 289
in the first match in Rawalpindi, the batter enjoyed a 124-run
opening stand with Imam-ul-Haq in a supreme display of control
and counter-attacking play, eventually securing a five-wicket
win thanks to 117 runs in 114 balls. Fakhar overcame fellow
nominees Mark Chapman (New Zealand) and Prabath
Jayasuriya (Sri Lanka) in the global vote, and commenting on his
success in April.

57 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Why Naruemol Chaiwai? Exchange Process
Naruemol Chaiwai celebrates winning the ICC Women’s Player In order to ensure operational convenience and minimize
of the Month for April following a consistent spell of high scoring disruption to regular banking activities, individuals can
across Thailand’s historic ODI series victory against Zimbabwe, exchange their ₹2000 banknotes for banknotes of other
which the hosts won 3-0. Chaiwai emerged victorious from denominations. This exchange can be done up to a limit of
Kavisha Egodage of UAE, and Kelis Ndhlovu of Zimbabwe in the ₹20,000/- at a time at any bank, starting from May 23, 2023. The
voting process, and becomes the first Thai player to be named RBI's 19 regional offices and other banks will be involved in this
ICC Player of the Month. exchange process.
Timeline and Legal Tender Status
RBI Announces Withdrawal of ₹2000 Banknotes from
While the RBI has initiated the withdrawal process, it
Circulation
emphasizes that the ₹2000 banknotes will remain legal tender.
RBI Announces Withdrawal of ₹2000 Banknotes from Individuals have until September 30, 2023, to exchange or
Circulation deposit their ₹2000 banknotes in their bank accounts. After this
The Reserve Bank of India (RBI) has made a significant decision date, banks may stop accepting ₹2000 banknotes for exchange,
to withdraw the ₹2000 denomination banknotes from although they can still be deposited into bank accounts.
circulation. Although these banknotes will no longer be issued,
they will retain their status as legal tender. The move comes as South Asian Youth TT Championship 2023: India bags 16
the objective of introducing the ₹2000 banknotes has been gold medals
fulfilled, and other denominations now adequately meet the
South Asian Youth TT Championship 2023
currency requirements of the economy.
The South Asian Youth Table Tennis Championship 2023, a
Reasons for Withdrawal three-day international event, came to a close on May 17 in
The introduction of ₹2000 banknotes in November 2016 was a Itanagar, Arunachal Pradesh. Over 100 athletes from six
response to the withdrawal of legal tender status for ₹500 and countries, including Bhutan, Bangladesh, India, Maldives, Sri
₹1000 banknotes. This measure aimed to fulfill the urgent Lanka, and Nepal, participated in the championship. Lt. General
currency requirements at the time. However, the printing of KT Parnaik (Retd.), the Governor of Arunachal Pradesh, graced
₹2000 banknotes was halted in 2018-19 as their purpose had the closing ceremony as the Chief Guest at the Dorjee Khandu
been served. Furthermore, the RBI noted that the usage of Indoor Stadium in Itanagar. On the final day, the host nation
₹2000 banknotes for transactions was not common. India achieved a remarkable feat by winning all the available
gold medals at the tournament.
Declining Circulation
Approximately 89% of the ₹2000 banknotes were issued before South Asian Youth Table Tennis Championship 2023 Results
March 2017 and have now reached their estimated life-span of (All Finals)
4-5 years. Consequently, the total value of ₹2000 banknotes in
circulation has decreased from ₹6.73 lakh crore at its peak on Event Winners Runners-Up
March 31, 2018, to ₹3.62 lakh crore, constituting only 10.8% of U-19 Ankur
the total notes in circulation as of March 31, 2023. The reduction Boys Bhattacharjee Payas Jain (India)
in circulation and limited usage further prompted the decision to Singles (India)
withdraw the ₹2000 banknotes. U-19 Divyansh Ridoy Mohutasin
Boys Srivastava/Jash Ahmed/Bawm Ramhim Lian
Clean Note Policy Doubles Modi (India) (Bangladesh)
The withdrawal of ₹2000 banknotes aligns with the RBI's "Clean U-19
Note Policy." This policy aims to maintain the quality of currency Suhana Saini Yashashwini Ghorpade
Girls
in circulation and promote efficiency in the banking system. The (India) (India)
Singles
RBI had previously undertaken a similar withdrawal of notes
U-19 Yashaswini Mishka Mohamed
from circulation in 2013-2014.
Girls Ghorpade/Suhana Ibrahim/Fathimath Dheema
Procedures for the Public Doubles Saini (India) Ali (Maldives)
To facilitate the withdrawal process, the RBI has provided U-19 Payas Akhyar Ahmed
guidelines for the public. Individuals can deposit ₹2000 Mixed Jain/Yashaswini Khalid/Fathimath Dheema
banknotes into their bank accounts or exchange them for Doubles Ghorpade (India) Ali (Maldives)
banknotes of other denominations at any bank branch. Deposits U-15 Priyanuj
can be made in the usual manner, without any restrictions, Boys Bhattacharya Abhinand (India)
subject to existing instructions and statutory provisions. Singles (India)

58 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Event Winners Runners-Up Check out the winners from IIFA 2023
PB Category Winner
U-15 Hasib Abul
Abhinand/Priyanuj Best Film Drishyam 2
Boys Hashem/Rahman Mohd.
Bhattacharya R Madhavan for Rocketry: The
Doubles Mahtabur (Bangladesh) Best Director
(India) Nambi Effect
U-15 Best Actor in a
Jennifer Varghese Alia Bhatt for Gangubai Kathiawadi
Girls Avisha Karmakar (India) Leading Role (Female)
(India)
Singles Best Actor in a
Hrithik Roshan for Vikram Vedha
U-15 Jennifer Sushmita Leading Role (Male)
Girls Varghese/Avisha Khadka/Subhashree Best Actor in a
Mouni Roy for Brahmastra: Part
Doubles Karmarkar (India) Shrestha (Nepal) Supporting Role
One – Shiva
(Female)
U-15 Mohammed Akram Md.
Abhinand/Jennifer Best Actor in a
Mixed Shafiullah/Kavindya Tamadi Supporting Role Anil Kapoor for Jugg Jugg Jeeyo
Varghese (India)
Doubles Alagiyawadu (Male)
Outstanding
Italian Open 2023: Daniil Medvedev Triumphs Achievement for Manish Malhotra
Fashion in Cinema
Italian Open 2023
Outstanding
Daniil Medvedev defeated Holger Rune 7-5, 7-5 in the final of Achievement in Indian Kamal Haasan
the 2023 Italian Open. Medvedev, the world No. 2, won his first Cinema
clay-court title and sixth ATP Masters 1000 crown. Rune, the Aamil Keeyan Khan and Abhishek
Best Adapted Story
world No. 10, was playing in his first Masters 1000 final. In Pathak for Drishyam 2
women’s Singles, Elena Rybakina defeated Anhelina Kalinina Perveez Sheikh and Jasmeet Reen
Best Original Story
6-4, 1-0 (retired) in the final of the 2023 Italian Open . The match for Darlings
was delayed by rain for over four hours, and Kalinina was forced Outstanding
Marathi film Ved directed by Riteish
to retire after sustaining a left thigh injury while trailing 6-4, 1-0. Achievement in
Deshmukh
Regional Cinema
Shantanu Maheshwari for
Here are the results of the 2023 Italian Open :
Best Debut (Male) Gangubai Kathiawadi and Babil
Category Winner Runner-up Khan for Qala
Khushali Kumar for Dhoka Around
Men’s Best Debut (Female)
Daniil Medvedev Holger Rune the Corner
Singles Best Playback Singer Shreya Ghoshal for the song Rasiya
Women’s (Female) from Brahmastra: Part One – Shiva
Elena Rybakina Anhelina Kalinina
Singles Best Playback Singer Arijit Singh for the song Kesariya
Robin Haase and (Male) from Brahmastra: Part One – Shiva
Men’s Hugo Nys and Jan
Botic van de Pritam for Brahmastra: Part One –
Doubles Zieliński Best Music Direction
Zandschulp Shiva
Women’s Storm Sanders and Coco Gauff and Amitabh Bhattacharya for the song
Best Lyricist Kesariya from Brahmastra: Part
Doubles Elise Mertens Jessica Pegula
One – Shiva
Best Cinematography Gangubai Kathiawadi
IIFA Awards 2023 Announced: Check The Complete List Of
Best Screenplay Gangubai Kathiawadi
Winners
Best Dialogue Gangubai Kathiawadi
The 23rd season of the International Indian Film Academy Best Choreography for
Awards, also known as IIFA, has made its return. Produced by Bhool Bhulaiyaa 2
title track
Wizcraft International Entertainment Pvt. Ltd., this annual Best Sound Design Bhool Bhulaiyaa 2
award ceremony recognizes outstanding contributions in the Best Editing Drishyam 2
Bollywood film industry, including films, stars, filmmakers, and Best Special Effects
technicians. Since its establishment in 2000, the IIFA awards Brahmastra: Part one – Shiva
(Visual)
have been held in different countries worldwide. The inaugural Best Background
Vikram Vedha
ceremony took place on June 24, 2000, at the Millennium Dome Score
in London, and the 22nd edition was held in Abu Dhabi, UAE. Best Sound Mixing Monica O My Darling

59 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Goan writer Damodar Mauzo gets 57th Jnanpith Award Full list of Cannes 2023 winners
57th Jnanpith Award • Palme d’Or: Anatomy Of A Fall, directed by Justine Triet
Damodar Mauzo, a Goan short story writer, novelist, critic, and • Grand Prix: The Zone Of Interest Director: Jonathan Glazer
scriptwriter in Konkani, has been awarded the 57th Jnanpith • Jury Prize: Fallen Leaves, directed by Aki Kaurismaki
Award, India’s highest literary honor. Mauzo is the second Goan • Best Director: Tran Anh Hung for The Pot-Au-Feu
to receive the award, after Ravindra Kelekar in 2008. Mauzo’s 25 • Best Screenplay: Monster, written by Yuji Sakamoto
books have been published in Konkani and one in English. Many • Best Actress: Merve Dizdar, About Dry Grasses
of his books have also been translated in different languages. • Best Actor: Kōji Yakusho, Perfect Days
Mauzo’s famous novel ‘Karmelin’ received the Sahitya Akademi
• Camera d’Or: Inside the Yellow Cocoon Shell, directed by
Award in 1983. Renowned poet Gulzar was present during the
function held at the Raj Bhavan near Goa capital Panaji. Thien An Pham
• Short Film Palme d’Or: 27, directed by Flóra Anna Buda
About the Damodar Mauzo • Queer Palm: Monster
• Mauzo was born in 1944 in the village of Aldona, Goa. He
• Honorary Palme d’Or: Michael Douglas
began writing short stories in the early 1960s, and his work
has been translated into English, French, Portuguese, and IPL 2023 final: Chennai Super Kings Beats Gujarat Titians
other languages.
• Mauzo’s work often deals with the lives of ordinary people IPL 2023 final
in Goa, and he is known for his realistic portrayal of social Chennai Super Kings (CSK) clinched their fifth Indian Premier
and economic issues. His stories have been praised for their League (IPL) title, equaling a record with Mumbai Indians.
insightfulness and compassion. They secured a five-wicket victory over the Gujarat Titans (GT)
• He studied at the University of Bombay, where he received amidst a backdrop of fireworks and jubilant celebrations. CSK’s
a Bachelor of Arts degree in English. After graduating, he captain, Dhoni, received the IPL trophy and subsequently
worked as a journalist for a few years before becoming a handed it over to Rayudu and Jadeja. Opting to bat first, the
full-time writer. Gujarat Titans managed to score 214 for four, with B Sai
• Mauzo’s first short story, “The End of the Night,” was Sudharsan playing an outstanding innings of 96 runs off 47 balls.
published in 1965. Since then, he has published over 25
However, due to the rain interruption, CSK’s target was adjusted
books, including novels, short story collections, and essays.
to 171 runs to be chased in 15 overs.
His work has been translated into English, French,
Portuguese, and other languages. IPL 2023-Full list of Award Winners
• Mauzo is a recipient of numerous awards, including the • Eden Gardens and Wankhede Stadium share the award for
Sahitya Akademi Award, the Padma Shri, and the Padma the Best Venues of the Season.
Bhushan. He is also a member of the Sahitya Akademi and
• Shubman Gill wins Orange Cap (890) award.
the Goa Konkani Academy.
• Mohammad Shami wins Purple Cap (28) award.
• Mauzo’s work is a valuable contribution to the world of
literature. His stories are insightful, compassionate, and • Ajinkya Rahane wins Fairplay of the Season award.
beautifully written. He is a true master of the short story, • Rashid Khan wins Catch of the Season award.
and he is a worthy recipient of the Jnanpith Award. • Faf du Plessis wins Longest Six of the Season (115m) award.
• Shubman Gill wins Most Fours (84) award.
Cannes Film Festival 2023 awardee’s list • Shubman Gill wins Most Valuable Player of the Season
Cannes Film Festival 2023 award.
The 2023 Cannes Film Festival has come to a close, with the • Shubman Gill wins Dream11 Gamechanger of the Season
76th annual celebration of cinema awarding the coveted award.
Palme d’Or to Justine Triet’s crime drama Anatomy of a Fall. • Glenn Maxwell wins Super Striker of the Season award.
French director Justine Triet became the third female director to • Yashasvi Jaiswal wins Emerging Player of the Year award.
win the Cannes Film Festival’s Palme d’Or for her film Anatomy
of a Fall, beating out 20 other films in competition for the top IPL Final Match awardee’s:
prize at Cannes Film Festival 2023. • Devon Conway wins Player of the Match award
Justine Triet, who had previously been nominated for Sibyl in • MS Dhoni wins Catch of the Match award
2019, won the prize over veteran directors like Hirokazu Kore- • Sai Sudharsan wins Longest Six award
eda, Ken Loach and Wim Wenders, all of whom have at least one • Sai Sudharsan wins the Maximum Fours award
Palme d’Or under their belts. She joins New Zealand’s Jane
• Sai Sudharsan wins Most Valuable Asset of the Match award
Campion and France’s Julia Ducournau as only the third woman
• Sai Sudharsan wins Gamechanger of the Match award
to have won the competition that this year included a record
seven female directors. • Ajinkya Rahane wins Electric Striker of the Match award

60 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
National Current Affairs
National Current Affairs of October ● India has launched Operation Ajay, a dedicated initiative
to facilitate the safe return of its citizens from Israel amidst
● In a bid to bridge the generational gap and ignite a renewed
the ongoing developments in the region. External Affairs
interest in the age-old fabric, the Khadi and Village
Minister Dr S Jaishankar announced this operation,
Industries Commission (KVIC) inaugurated a revamped
Khadi India outlet at the prestigious Indian Institute of emphasizing the government’s commitment to ensuring
Technology (IIT) Campus in Delhi on October 2. the safety and well-being of Indian nationals abroad.
● The Union government of India has notified the ● Union Minister of Ayush and Ports, Shipping, and
constitution of the national turmeric board, which will Waterways, Shri Sarbananda Sonowal, inaugurated a
focus on the development and growth of turmeric and month-long celebration drive in a curtain raiser press
turmeric products in the country. Turmeric is majorly conference at the media center, emphasizing the
cultivated in Tamil Nadu, Telangana state, Karnataka, significance of Ayurveda and its role in promoting holistic
MP, Odisha, Bengal and Gujarat. well-being across India. This celebration marks the 8th
● The Ministry of Tourism, India, took center stage as it
National Ayurveda Day, observed as a tribute to Lord
organized the inaugural ceremony for the Pacific Asia
Dhanvantari, the God of Ayurveda, and coincides with
Travel Association (PATA) Travel Mart 2023 in the vibrant
city of New Delhi. The 46th edition of this prestigious event Dhanteras, a day dedicated to seeking blessings for good
is being held at the magnificent International Exhibition- health.
cum-Convention Centre (IECC) within Pragati Maidan, ● The Union Cabinet, under the leadership of Prime Minister
New Delhi. Shri Narendra Modi, has approved the establishment of an
● On October 4th, the Union Cabinet approved the autonomous body named “Mera Yuva Bharat” (MY
establishment of a tribal university in Telangana, named Bharat). This body is designed to serve as a pivotal
The Sarakka Central Tribal University. This university, mechanism for youth development, with a strong emphasis
with a budget of Rs 889 crore, will be located in Mulugu on technology-driven solutions. MY Bharat aims to enable
district.
equitable access for young individuals to realize their
● Prime Minister Narendra Modi inaugurated the country’s
aspirations and contribute to the holistic development of
first high-tech sports training centre for Divyangjan, named
after former Prime Minister Shri Atal Bihari Vajpayee, in the nation across various government sectors. This initiative
Gwalior, Madhya Pradesh. This initiative aims to provide aligns with the National Youth Policy and targets
equal opportunities in sports, enhance talent, and individuals between the ages of 15-29, with a subset of
encourage participation in various sports disciplines. programs catering to those aged 10-19.
Divyangjan from all over the country can practice and train
in the Atal Bihari Training Center for Divyang Sports. National Current Affairs of September
● The recent introduction of the Digital India Act 2023 (DIA)
is a noteworthy stride towards creating a forward-looking ● Gabon, an oil-producing country in Central Africa, has
legal framework capable of accommodating the growing experienced a coup led by military officers. President Ali
digital landscape within the country. This initiative, led by Bongo was placed under house arrest after being declared
the Ministry of Electronics and Information Technology the winner of a disputed election. This marks the eighth
(MEITY), demonstrates a proactive stance in governing and coup in West and Central Africa since 2020, reflecting a
molding India’s digital future. The Digital India Act 2023
trend of democratic setbacks in the region. Other countries
aims to harmonize and consolidate digital laws in India,
working alongside other key legislation like the Digital like Mali, Guinea, Burkina Faso, and Chad have also
Personal Data Protection Act, National Data Governance witnessed military takeovers, raising concerns for regional
Policy and Indian Penal Code amendments for stability and foreign interests.
cybercrime. Together, these laws create a framework to ● Russia is set to embark on a historic journey by launching its
govern India’s digital realm. first Islamic banking pilot program on September 1. With a
● In the esteemed presence of notable dignitaries, Shri considerable Muslim population of approximately 25
Hardeep Singh Puri, the Hon’ble Minister of Petroleum & million, the move aims to tap into the potential of Islamic
Natural Gas and Housing and Urban Affairs inaugurated the finance, which has already had a presence through
26th Energy Technology Meet at Bharat Mandapam, institutions but lacked official recognition. President
New Delhi. Shri Hardeep Singh Puri spoke about the
Vladimir Putin’s recent endorsement of the initiative
country’s achievements in the green and clean energy
signifies a significant step towards embracing Islamic
sector during the 26th Energy Technology Meet, shedding
light on the nation’s accomplishments and its future goals. banking principles in the country.

61 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● In a remarkable endeavor to strengthen trade relations ● After a two-year post-Brexit standoff regarding science
between India and the United States within the electronics funding, the United Kingdom has decided to rejoin the
sector, the Indian Cellular & Electronics Association European Union’s Horizon science research programme.
(ICEA) has established a dedicated task force. With a goal This move is seen as a significant development in bilateral
to elevate the current Indo-US electronics trade, currently relations between the UK and the EU, following the
at $8 billion, to an ambitious $100 billion within the next resolution of a trade dispute seven months prior.
decade, this initiative follows collaborative efforts initiated ● During the opening session of the two-day G20 Summit,
after Prime Minister Narendra Modi’s state visit to the the African Union (AU) received an official invitation to join
United States last month. the Group of 20 largest economies (G20) as a permanent
● In a significant move, Governor Brian Kemp of the U.S. member. This momentous declaration was made by Indian
state of Georgia has officially declared that the month of Prime Minister Narendra Modi, marking a significant stride
October will be celebrated as ‘Hindu Heritage Month’ towards a more inclusive and equitable global economic
within the state. This proclamation aligns Georgia with landscape.
several other states across the United States that have ● India and the United Kingdom have jointly announced the
taken similar steps to honor and commemorate Hindu launch of the Infrastructure Financing Bridge during the
heritage, culture, values, and traditions. 12th Economic and Financial Dialogue (EFD). This
● In a significant political development, Indian-origin collaborative initiative signifies the continued commitment
economist Tharman Shanmugaratnam has emerged of both nations to work closely together to unlock
victorious in Singapore’s presidential election. This victory substantial infrastructure investment opportunities in India.
is especially noteworthy as it comes after a gap of ten years, ● In a significant announcement at the G20 Leaders Summit
marking the country’s first contested presidential polls
held in New Delhi, Prime Minister Rishi Sunak declared
since 2011.
that the United Kingdom would allocate $2 billion to the
● In a recent development, the Nobel Foundation has
Green Climate Fund (GCF). This commitment marks the
decided to cancel its invitation to the Russian Ambassador
largest single funding pledge made by the UK to address
for this year’s Nobel award ceremony in Stockholm. This
global climate change challenges, according to an official
decision comes after significant controversy surrounding
government statement.
their initial invitation. In 2022, the Nobel Foundation made
● North Korea has made headlines by launching its first
a notable decision not to invite Ambassadors from Russia
operational “tactical nuclear attack submarine,”
and Belarus to the Stockholm award event due to the
designated Submarine No. 841 and named Hero Kim Kun
ongoing conflict in Ukraine. A similar decision was made
Ok, an ex-commander of the North Korean navy. The
regarding the Iranian envoy, citing Iran’s crackdown on
launch ceremony took place with North Korean leader Kim
protests.
● The three-day long Kathmandu-Kalinga Literary Festival, Jong Un in attendance, where he highlighted the
a vibrant and culturally enriching event concluded in significance of this new addition to their naval force.
Lalitpur, Nepal. The festival, which was inaugurated by ● Mayor Craig Greenberg has declared September 3 as
Nepal’s Minister for Foreign Affairs, NP Saud, served as a Sanatana Dharma Day in Louisville, Kentucky in the
platform for the exchange of culture in South Asia, while United States emphasizing the significance of fostering
promoting literary and cultural activities in the region. This peace, tolerance, and understanding within diverse
gathering of literary minds and artists from India, Nepal, communities.
Bhutan, Bangladesh, and Sri Lanka showcased the ● In a significant announcement during the G20 summit,
diversity and richness of South Asian literature and arts. Prime Minister Narendra Modi unveiled plans for the
● Vanuatu’s parliament elected Sato Kilman as the nation’s India-Middle East-Europe economic corridor, a ground-
new prime minister after a court upheld a vote of no- breaking initiative that promises to reshape global trade
confidence in his predecessor, who had sought closer ties and connectivity. The corridor, which involves India, UAE,
with US allies amid China-US rivalry in the Pacific Islands. Saudi Arabia, European Union, Italy, Germany and the
● The 78th session of the United Nations General Assembly United States, is poised to be historic venture, surpassing
commenced with Dennis Francis taking on the role of even the legendary Silk and Spice routes of the past.
General Assembly President. In his opening remarks, he ● Eastern Libya is in a state of emergency after a powerful
emphasized the importance of addressing the numerous storm named Daniel caused terrible damage. Thousands of
global challenges currently confronting the world. The 78th people have been affected, with more than 5,300 lives lost
session of the General Assembly, themed ‘Rebuilding trust and many still missing. Here’s what you need to know:
and reigniting global solidarity: Accelerating action on During the storm, several dams broke, leading to severe
the 2030 Agenda and its Sustainable Development Goals flooding in neighborhoods. Many houses were washed
towards peace, prosperity, progress, and sustainability away, and people had to search for their missing family
for all,’ focuses on several critical areas. members.
62 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● NATO member countries are gearing up to conduct their ● In a recent announcement, British Prime Minister Rishi
most extensive military exercise since the Cold War era. Set Sunak has unveiled a shift in the UK’s strategy for achieving
to commence in the spring of the following year, this its Net Zero climate action targets. This strategy includes
ambitious undertaking is aimed at simulating various a significant delay of five years in implementing the
military scenarios, with a primary focus on defense against proposed ban on petrol and diesel cars, pushing the
deadline to 2035.
a hypothetical adversary resembling a Russian-led
● Azerbaijan’s military operation in Nagorno-Karabakh has
coalition known as Occasus. The overarching objective of
ignited concerns of a renewed conflict in the region. This
this exercise, codenamed “Steadfast Defender,” is to long-standing dispute revolves around an ethnic Armenian
refine NATO’s transformation from a crisis response region within Azerbaijani territory. The recent attacks have
organization into a robust war-fighting alliance. The escalated tensions and raised international alarm.
scenario envisages repelling a hypothetical Russian-led ● Mali, Burkina Faso, and Niger have come together to
attack on a NATO member state. address the pressing issue of jihadism in the Liptako-
● Units from the countries of the Association of Southeast Gourma region by signing a mutual defense pact known as
Asian Nations (ASEAN) recently embarked on their the Alliance of Sahel States (AES). This landmark
inaugural joint military exercises in Indonesia’s South agreement aims to establish a framework for collective
defense and mutual assistance among these nations to
Natuna Sea. These drills come at a time of escalating
protect their populations from the growing threat of
geopolitical tensions between major global powers and
terrorism. Here, we delve into the key aspects of this
rising concerns over China’s activities in the South China development.
Sea. ● Since the summer of 2020, the United Kingdom has
● The African Union is set to launch its own credit ratings witnessed a concerning surge in cases of Brucella canis
agency in the coming year as a direct response to concerns infection among dogs, originating primarily from Eastern
regarding what it perceives as biased credit assessments Europe. This incurable disease, which has been spreading
given to African nations. This move aims to provide a more among canines, has now made the alarming leap to infect
balanced evaluation of lending risks associated with African humans, with three British citizens falling victim to its
countries and bolster investment in the continent. The debilitating effects. This article explores the nature of
Brucella canis, its transmission, symptoms, and preventive
African credit rating agency will primarily function within
measures.
the African continent and will be financially self-sustaining.
● The Election Commission of Pakistan (ECP) has officially
● The two-day Summit of the G77+China recently concluded, declared that the general elections in Pakistan will be held
marking a significant moment for the Global South’s in the last week of January 2024. This announcement
aspirations in the international governance system. This follows a series of delays in the election timeline. Initially
summit brought together delegations from over 100 slated for October of the same year, the elections were
nations, including more than 30 heads of state and postponed due to the early exit of the Shehbaz Sharif
government. government and the necessity for a comprehensive census.
● The 35th edition of the annual Gandhi Walk, a cherished ● The Republican-controlled U.S. House of Representatives
event in the predominantly Indian suburb of Lenasia in has embarked on an impeachment inquiry against
Johannesburg, finally returned after being postponed for Democratic President Joe Biden. Spearheaded by Speaker
Kevin McCarthy, this move signifies an attempt to score
three long years due to the COVID-19 pandemic.
political points at the onset of the election campaign cycle.
● Canada’s prime minister, Justin Trudeau, announced that This development is steeped in political context, partly
there was “credible” information linking Indian government influenced by former President Donald Trump’s two
agents to the murder of a Sikh separatist leader in British impeachments and the desire to balance the score. We
Columbia. The announcement marks a significant delve into the charges against President Biden, largely
worsening of bilateral ties. centered around allegations related to his son Hunter
● Indian Prime Minister Narendra Modi extended an Biden’s business dealings.
invitation to U.S. President Joe Biden to be the chief guest ● In a significant diplomatic development, China and Syria
at India’s Republic Day celebrations on January 26 next have formally announced the establishment of a strategic
year. U.S. Ambassador Eric Garcetti confirmed the partnership. This announcement came during a meeting
between Chinese leader Xi Jinping and Syrian President
invitation, stating that it is under consideration by the U.S.
Bashar Assad in Hangzhou, China, as the city prepared to
government. President Biden is also scheduled to visit India
host the Asian Games. The partnership reflects China’s
in 2024 for the Quad Summit, and efforts are being made growing engagement with countries in the Middle East and
to align the summit with his visit. its quest to assert itself on the global stage.
63 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● In a historic moment for devotees of Hinduism and lovers of ● In a groundbreaking move, India and the United Nations
art and culture, the Swaminarayan Akshardham temple in have jointly introduced a significant capacity-building
Robbinsville Township, New Jersey, is set to be initiative known as the “India-UN Capacity Building
inaugurated on 8th October 2023, under the guidance of its
Initiative.” This initiative is designed to facilitate the
spiritual head, Mahant Swami Maharaj. This monumental
temple, constructed outside of India, is poised to become sharing of India’s development experiences, best practices,
the second-largest Hindu temple in the world, following and expertise with partner countries in the Global South.
the majestic Angkor Wat in Cambodia. With its intricate ● Sri Lanka is facing delays in receiving the second tranche of
design, spiritual significance and commitment to its $2.9 billion IMF bailout package due to unresolved
sustainability, the Swaminarayan Akshardham stands as an
issues with its external debt restructuring. This crisis comes
evident to human dedication, tradition and artistry.
● Nepal’s Prime Minister, Pushpa Kamal Dahal, recently as the nation grapples with its worst economic downturn in
concluded his week-long visit to China, which was expected history, characterized by dwindling foreign exchange
to address critical issues such as Belt and Road Initiative reserves and public protests over shortages of vital
(BRI) projects, cross-border energy trade, and past commodities.
agreements. However, the agreements signed during this
● In a move that underscores Russia’s unwavering
visit did not cover these key areas. Instead, they focused on
commitment to its military endeavors, the country is poised
various other aspects of bilateral cooperation.
● Following India’s lead, the United States has expressed to substantially increase its defense spending by nearly 70%
concerns regarding the planned visit of a Chinese research in 2024. This financial shift, as revealed in a document
vessel to Sri Lanka in October. The Chinese vessel, named published by the Russian Finance Ministry, comes as
Shi Yan 6, is set to undertake scientific research projects Moscow continues to allocate significant resources to
during an 80-day operation in the Indian Ocean, with 13
support its extensive offensive operations in Ukraine.
research teams on board.
● The Government of India has recently made a significant ● The Five Eyes Intelligence Alliance, often referred to as
decision to permit the export of 75,000 tons of non- simply “Five Eyes,” is a secretive international intelligence
basmati white rice to the United Arab Emirates (UAE). coalition comprising five English-speaking countries.
This move comes at a time when India had imposed Established in the aftermath of World War II, this alliance
restrictions on the export of non-basmati white rice, aiming
has played a pivotal role in shaping global intelligence and
to bolster domestic supplies amidst concerns over inflation
and the unpredictability of the monsoon season. The security strategies. In this article, we will delve into the
Directorate General of Foreign Trade (DGFT) made this history, purpose, and controversies surrounding the Five
announcement on Monday, signaling a shift in India’s Eyes alliance. The Five Eyes alliance originated as a post-
export policies. war intelligence-sharing agreement between the United
● Ahead of the upcoming Moscow format meeting in Kazan, States, the United Kingdom, Canada, Australia, and New
Russia, the Taliban has called upon India for economic
Zealand. Formed in 1946, its primary objective was to share
support and recognition. This development is significant in
light of China’s increased engagement with the Taliban and signals intelligence (SIGINT) to counter the emerging
the recent appointment of a new Chinese Ambassador to Soviet threat during the Cold War.
Kabul. ● In a remarkable achievement, the US Mission in India
exceeded its target by processing a staggering one million
non-immigrant visa applications in 2023. This milestone
signifies the growing interest of Indians in visiting the
United States.
● Inflation in the Eurozone has dropped to its lowest level in
almost two years, providing potential relief for the
European Central Bank (ECB) and raising questions about
the continuation of its rate-hiking cycle. Official data from
Eurostat reveals that consumer prices in the 20-nation
Eurozone rose at an annual rate of 4.3 percent in
September, down from 5.2 percent in August. This marks
the lowest level of inflation since October 2021.

64 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
National Current Affairs of August ● The President of India commenced the ‘Unmesha‘
International Literature Festival and the ‘Utkarsh‘ Festival
● Prime Minister Narendra Modi announced the launch of of Folk and Tribal Performing Arts in Bhopal, Madhya
“Meri Mati Mera Desh” campaign in run-up to Pradesh. These festivals, organized by the Sahitya
Independence Day to honor the martyred bravehearts of Akademi and Sangeet Natak Akademi, respectively, have
the country. a shared purpose of celebrating inclusivity and cultural
● The Akhil Bharatiya Shiksha Samagam 2023, graced by diversity in the region. With the participation of over 800
Prime Minister Narendra Modi, witnessed the inauguration artists from various states and Union Territories, the events
of the ULLAS: Nav Bharat Saksharta Karyakram at Bharat promise to be a vibrant showcase of artistic expressions.
● To improve the highway user experience and offer seamless
Mandapam, Pragati Maidan, New Delhi. The initiative,
travel on Indian National Highways, the National Highways
introduced by Union Minister Dharmendra Pradhan, aims
Authority of India (NHAI) has taken a significant step by
to revolutionize education and literacy in India by creating a introducing the ‘Rajmargyatra‘ mobile application. This
comprehensive learning ecosystem that bridges gaps in unified app aims to provide comprehensive information and
basic literacy and critical life skills. It coincided with the third efficient complaint redressal for national highway users,
anniversary of NEP 2020. making travel safer and more convenient.
● Union Minister Bhupender Yadav, in line with India’s G20 ● The Lok Sabha passed the Government of National
Presidency, launched the Resource Efficiency Circular Capital Territory of Delhi (Amendment) Bill, 2023,
Economy Industry Coalition (RECEIC) in Chennai. The replacing the ordinance on control of services in Delhi. The
coalition aims to promote resource efficiency and circular passage of the Bill was met with protests and a walkout by
economy practices worldwide, bringing together some Opposition parties.
companies from various sectors and countries. The event ● The Finance Ministry of India elevated two major oil sector
companies, Oil India and ONGC Videsh, to the esteemed
took place during the G20’s Environment and Climate
Maharatna and Navratna categories, respectively,
Sustainability Working Group and Environment and
granting them increased autonomy for investment, joint
Climate Ministers meeting. venture establishment, and other financial decisions.
● The Association for Democratic Reforms (ADR) recently ● Ministry of Home Affairs (MHA) introduced a new Ayush
conducted a comprehensive analysis of the assets of MLAs (AY) visa for foreign nationals for treatment under Ayush
from various political parties in India. The report sheds light systems/Indian systems of medicine like therapeutic
on the average wealth of MLAs, the percentage of care, wellness and Yoga. With this, a new chapter i.e.
billionaire MLAs, and the representation of women in state chapter 11A – Ayush Visa has been incorporated after
assemblies. Karnataka emerges as the state with the Chapter 11 – Medical visa of the Visa Manual, which deals
highest average assets per MLA and the highest number of with treatment under the Indian systems of medicine and
billionaire MLAs, while Uttar Pradesh lags behind in both accordingly necessary amendments has been made in
categories. various chapters of the Visa Manual, 2019. AYUSH is an
acronym for Ayurveda, Yoga and Naturopathy, Unani,
● The Mines and Minerals (Development and Regulation)
Siddha and Homeopathy.
Amendment Bill, 2023, was recently passed by the Indian
● The Department for Promotion of Industry and Internal
Parliament, enabling the private sector to undertake mining Trade (DPIIT) has recognized 98,911 entities under the
operations for six out of 12 atomic minerals, including Startup India initiative since its launch on January 16, 2016.
lithium, as well as deep-seated minerals like gold and silver. The primary goal behind this initiative is to create a robust
This landmark decision seeks to boost domestic exploration ecosystem that fosters innovation, encourages
and production of critical minerals and accelerate the entrepreneurship, and attracts private investments in the
growth of industries relying on these resources. startup sector, thereby driving sustainable economic
● The Union Education Ministry on 2nd August constituted growth and generating employment opportunities on a
an Expert Panel to revise anti-discrimination guidelines large scale.
with respect to the Scheduled caste, ST, OBC, person with ● In a significant late-night decision, the Directorate General
of Foreign Trade (DGFT) announced the postponement of
disabilities and other minorities in higher educational
the licensing mandate for the import of laptops, tablets, and
institution.
personal computers in India. The government had earlier
● The National Deep Tech Startup Policy (NDTSP)
imposed import restrictions on these products due to
Consortium has unveiled the Draft National Deep Tech security concerns and to boost domestic manufacturing.
Startup Policy for public consultation, seeking to meet the However, in light of recent developments, the
demands and strengthen the Indian deep tech startup implementation of the restrictions has been deferred until
ecosystem. November 1, 2023.
65 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The National Commission for Protection of Child Rights ● In a recent development, the Ministry of Statistics and
(NCPCR) has developed The ‘MASI’ application for real- Programme Implementation (MoSPI) of the Government
time monitoring of Child Care Institutions (CCIs) and their of India has taken a significant step by replacing the existing
inspection process across the country. Standing Committee on Economic Statistics (SCES) with
● As of 5 August 2023, it has been four years since the a more comprehensive entity called the Standing
abrogation of Article 370 in Jammu and Kashmir. The
Committee on Statistics (SCoS). This new committee has
decision to abolish the special status of the region and end
its autonomy was a significant and historic move made by been entrusted with a broader mandate, involving the
the Indian Government on August 5, 2019. The Amrit review of both the framework and outcomes of all surveys
Bharat Station Scheme (ABSS) aims to transform and conducted under the National Statistical Office (NSO).
revitalize 1,309 railway stations across the nation, ● Vice President Jagdeep Dhankhar has flagged off the ‘Har
enhancing the overall passenger experience and making Ghar Tiranga’ motorcycle rally at Pragati Maidan in Delhi.
them world-class travel hubs. As part of the Azadi Ka Amrit Mahotsav (AKAM) initiative,
● Based on the recommendations of the Directorate General the ‘Har Ghar Tiranga’ campaign is scheduled to take place
of Trade Remedies (DGTR), the revenue department has nationwide from August 13 to 15. The campaign aims to
imposed an anti-dumping duty on Dispersion Unshifted inspire individuals to proudly display the national flag at
Single-Mode Optical Fiber (SMOF) imports from China, their residences.
South Korea and Indonesia.
● India is embarking on a bold journey to significantly
● Recently, the Chairman of Rajya Sabha, Jaydeep Dhankar
raised complaints against two prominent opposition enhance its current 6% share of natural gas within its
members- Derek O’Brien from the TMC and Raghav energy mix to a robust 15% by the year 2030. This audacious
Chadha from Aam Aadmi Party. The complaints, which endeavor is being spearheaded by Rameswar Teli, the
pertain to alleged breaches of parliamentary privileges, Minister of State in the Ministry of Petroleum & Natural
have further intensified the ongoing political tussle during Gas. The government is resolutely pursuing an array of far-
the sittings. reaching strategies to realize this vision, as elaborated by
● The Union Cabinet has approved the final phase of the last- the minister in a written response to the Lok Sabha.
mile optical fiber-based broadband connectivity plan, ● Union Home Minister Amit Shah introduced three new bills
covering 6.4 lakh villages across India under the BharatNet in Lok Sabha to reform the criminal justice system in India.
project. This initiative is supported by a budget of Rs 1.39
Among these bills is the Bharatiya Sakshya Bill, which aims
lakh crore. Through this enhancement, the Department of
to replace the outdated Indian Evidence Act of 1872. This
Telecommunications (DoT) seeks to accelerate the
endeavor of linking all 6.4 lakh villages within the upcoming move is in response to the need for legal reforms that align
two and a half years. The ongoing progress has seen nearly with technological advancements and societal changes.
1.94 lakh villages already integrated into the BharatNet ● Shri Dharmendra Pradhan, Union Minister for Education
project. and Skill Development & Entrepreneurship, inaugurated
● The Delhi Services Bill, officially known as the Government the Direct Benefit Transfer (DBT) in the National
of National Capital Territory of Delhi (Amendment) Bill, Apprenticeship Promotion Scheme (NAPS) to strengthen
2023 has been passed with total 131 votes votes in favour apprenticeship training and encouraging the involvement
and 102 against in Rajya Sabha. It aims to replace an of both industries and young individuals.
existing ordinance that has caused conflicts between the ● The Railways Ministry is embarking on a significant
Aam Aadmi Party, led by the Delhi CM Arvind Kejriwal and
endeavor aimed at establishing Pradhan Mantri Bhartiya
the Central Government.
Janaushadhi Kendras (PMBJKs) at railway stations
● The Atal Pension Yojana (APY) scheme has reached a
remarkable milestone as it completes eight years of throughout the country. This initiative holds the primary
successful implementation, gathering an impressive objective of ensuring the availability of top-notch
enrollment of over 5.25 crore subscribers. medicines to the public, all while maintaining an affordable
● Union Health & Family Welfare Minister, Mansukh price point.
Mandaviya, made the announcement to eliminate ● The Union Cabinet, led by Prime Minister Narendra Modi,
Lymphatic Filariasis by 2027 during the inauguration of the has given its approval for seven ambitious railway projects,
second phase of the Annual Nationwide Mass Drug signaling an investment of ₹32,500 crore. These projects,
Administration (MDA) initiative. announced by Union Railway Minister Ashwini Vaishnaw,
● In a proactive effort to modernize and streamline access to are set to revolutionize Indian Railways’ efficiency and
justice, Chief Justice of India (CJI) D.Y Chandrachud
capacity through transformative initiatives. The projects,
unveiled the ‘SuSwagatam‘ portal. This innovative
adopting the Engineering, Procurement, and
platform offers a convenient way for advocates, litigants,
and citizens to secure QR code-based ePasses, granting Construction (EPC) model, are expected to usher in a new
them entry to the esteemed halls of the Supreme Court. era of connectivity and accessibility across various regions.

66 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● In a significant move towards enhancing urban ● The Bharat New Car Assessment Programme (Bharat
transportation and promoting electric mobility, the Union NCAP) was launched by Union Minister of Road Transport
Cabinet has given its nod to the “PM-eBus Sewa” scheme. and Highways Shri Nitin Gadkari on August 22, 2023, in
This initiative is aimed at expanding city bus operations by New Delhi. The program aims to enhance road safety by
deploying 10,000 electric buses through a Public-Private elevating vehicle safety standards for up to 3.5-tonne
Partnership (PPP) model. vehicles in India. Bharat NCAP will also greatly push the
● The historical use of air power in Mizoram during the 1966 safety and quality of the vehicles in India, while
insurgency has recently gained attention due to its mention simultaneously promoting a healthy competition among
by Prime Minister Modi in response to a no-confidence OEMs to manufacture safer vehicles.
motion. This article delves into the events surrounding the ● Prime Minister Narendra Modi, who was on a three-day visit
Mizoram insurgency of 1966, the government’s response, to South Africa to attend the 15th BRICS summit, presented
the involvement of the Indian Air Force (IAF), and the special gifts to the organization’s leaders including South
aftermath of Operation Jericho. African president Cyril Ramaphosa, First Lady of South
● Bengaluru, often hailed as nation’s tech capital, has Africa Tshepo Motsepe, and Brazilian president Luiz Inácio
welcomed the India’s first 3D-printed post office. Located Lula da Silva. PM Modi gifts Bidri Surahi, Nagaland Shawl,
in Cambridge Layout near Ulsoor, this post office has set a and Gond Painting to BRICS leaders.
new benchmark for efficiency, sustainability, and design. ● In a significant step towards fostering innovation in the field
● The Chairman, Central Water Commission (CWC), Shri of green hydrogen, Finance Minister Nirmala Sitharaman
Kushvinder Vohra, has taken a groundbreaking step has launched strategic partnerships between HSBC India
towards enhancing flood preparedness and response by and prominent institutions, namely the Indian Institute of
unveiling the “FloodWatch” mobile application. This Technology, Bombay, and the Shakti Sustainable Energy
revolutionary app is designed to harness the power of Foundation (SSEF).
mobile phones to disseminate real-time flood-related ● President Droupadi Murmu unveiled a commemorative
coin in honor of the legendary actor and former chief
information and forecasts to the public, up to 7 days in
advance. The app, which offers both readable and audio minister of Andhra Pradesh, late N T Rama Rao. The
ceremony took place at the esteemed Rashtrapati Bhavan
broadcasts, is available in two languages, English and
Cultural Centre, marking the centenary year of N T Rama
Hindi, making it accessible to a wider audience.
Rao’s remarkable life and contributions.
● The Border Roads Organisation (BRO) has embarked on a
● Akashvani, India’s national public radio broadcaster,
groundbreaking project to construct the ‘Likaru-Mig La-
organized a special event on 28th August in New Delhi as
Fukche’ road in the Demchok sector of Ladakh.
part of the Know India Programme (KIP), an initiative
● President Droupadi Murmu has officially granted her
under the aegis of Ministry of External Affairs. The event
assent to two crucial pieces of legislation, namely the
witnessed the participation of around 55 students of
Central Goods and Services Tax (Amendment) Bill, 2023,
Persons of Indian Origin (PIOs) who had gathered from
and the Integrated Goods and Services Tax (Amendment)
various corners of the world.
Bill, 2023. Both of these bills, which had recently received ● The National Council of Educational Research and
approval from the Parliament, have now become law with Training (NCERT) has taken a significant step towards
the President’s endorsement. fostering patriotism and inculcating core values in school
● In a significant tribute to the tireless efforts and remarkable children by introducing a new chapter in the Class 7 English
leadership of Prime Minister Narendra Modi, the Council of textbook. The chapter, titled “A Homage to Our Brave
Scientific and Industrial Research (CSIR) has introduced a Soldiers,” revolves around the National War Memorial and
new lotus species called ‘Namoh 108’. This unveiling took its profound significance in the history of India.
place during a special event at the CSIR-National Botanical ● India is now all set to open a climate change and health hub
Research Institute (NBRI) in Lucknow. The lotus, which in the national capital Delhi in partnership with the Asian
boasts an astonishing 108 petals, was discovered several Development Bank (ADB). Earlier, India had bagged the
years ago in the region of Manipur and has since been part first WHO Centre for Global Traditional Medicine. WHO
of the institute’s collection of flora under study. Centre for Global Traditional Medicine was set up in
● India has announced the definition of Green Hydrogen. Jamnagar, Gujarat.
The Green Hydrogen Standard for India sets a criterion of ● In a groundbreaking move towards a more sustainable
2 kg CO2 equivalent per kg H2 as a 12-month average automotive industry, Union Road Transport and Highways
emission threshold. It is a significant move for the progress Minister Nitin Gadkari introduced the world to a
of the National Green Hydrogen Mission. The guidelines remarkable innovation: a 100% ethanol-fueled variant of
established by the Ministry of New and Renewable Energy Toyota’s Innova HyCross car. The newly unveiled car
(MNRE), Government of India, delineate the emission stands as the world’s premier BS-VI (Stage-II) electrified
benchmarks that must be fulfilled for hydrogen production flex-fuel vehicle, demonstrating the union of cutting-edge
to qualify as ‘Green’, signifying its origin from renewable technology and a commitment to reducing carbon
sources. emissions.

67 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● India, as the current chair of the Global Partnership on ● National Law University (NLU), Delhi, has recently
Artificial Intelligence (GPAI) and the G20, is set to host the introduced a pioneering academic initiative called ‘Eklavya‘
first-ever Global IndiaAI 2023 Summit on October 14 and – a Research Affiliate programme. This innovative scheme
15. This momentous event will bring together prominent aims to strengthen NLU Delhi’s commitment to
figures in the field of Artificial Intelligence (AI), including collaboration and draw upon the expertise and diverse
researchers, startups, investors, and leading AI players, perspectives of individuals without traditional law degrees.
from around the world. ● The Indian government is launching a groundbreaking
initiative known as Nari Adalats, which are women-only
National Current Affairs of July courts established at the village level. These courts serve as
alternative dispute resolution forums for issues such as
● India’s first indigenously developed 700 MW nuclear power
domestic violence, property rights, and challenging the
reactor at the Kakrapar Atomic Power Project (KAPP) in
patriarchal system. By providing a platform for resolution
Gujarat has successfully commenced commercial
outside of the traditional judicial system, the government
operations, marking a significant milestone in the country’s
aims to empower women and promote gender justice.
nuclear energy sector.
● Indian Prime Minister Narendra Modi has been invited as
● Prime Minister Narendra Modi virtually inaugurated the Sai
the guest of honour for France’s Bastille Day celebrations,
Hira Global Convention Centre in Puttaparthi, Andhra
which will take place on July 14. The Bastille Day military
Pradesh. The grand event witnessed the presence of
parade will witness the participation of Indian forces,
prominent dignitaries and devotees from around the world.
emphasizing the strengthening strategic alliance between
The Convention Centre, constructed by the Sri Sathya Sai
Central Trust, stands as a testament to the vision of France and India.
promoting cultural exchange, spirituality, and global ● A Parliamentary committee has given a go-ahead to the
harmony. Forest (Conservation) Amendment Bill, 2023 without
● The Startup20 Shikhar Summit, organized by the objections. The bill proposes amendments to the Forest
Startup20 Engagement Group under the India G20 Conservation Act 1980 and aims to exempt certain forest
Presidency, concluded successfully in Gurugram. This two- lands from legal protection. The bill is expected to be tabled
day summit served as a platform for fostering innovations, during the monsoon session of the Parliament.
collaborations, knowledge sharing, and strategic alliances ● Delhi police has imposed Section 144 CrPC in the flood
within the global startup ecosystem. prone areas as the water level in the Yamuna River was
● The foundation stone-laying ceremony of Shri Motibhai R. recorded at 207.55 metres, which is the highest ever.
Chaudhary Sagar Sainik School in Boriyavi village of ● Prime Minister Narendra Modi is set to virtually inaugurate
Mehsana,Gujarat marked a significant milestone in the the new integrated terminal building of Veer Savarkar
education sector. International Airport in Port Blair on July 18 at 10:30 am via
● The Union Government approved the draft Digital video conferencing. The event will witness the presence of
Personal Data Bill and come before Parliament in the Civil Aviation Minister Jyotiraditya Scindia, Union Minister
monsoon season. Sources in the government said the of State for Road, Transport and Highways and Civil
Ministry of Electronics and Information Technology Aviation, General (Retd.) V K Singh, and other senior
received and considered 21,666 suggestions to the draft bill officials attending the ceremony in person.
that have been circulated for comments in November, ● New Delhi: In a groundbreaking move, NITI Aayog, India’s
2022. premier policy think tank, introduced the Techno-
● India has joined the Champions Group of the Global Crisis Commercial Readiness and Market Maturity Matrix
Response Group (GCRG) at the invitation of the UN (TCRM Matrix) framework. Aimed at transforming
Secretary-General. The GCRG was established in March technology assessment, the framework seeks to ignite
2022 to address urgent global issues in food security, innovation and entrepreneurship across the country.
energy, and finance, and to coordinate a global response. ● Shri Amit Shah, the Union Home Minister and Minister of
● Prime Minister Narendra Modi recently unveiled a series of Cooperation, officially inaugurated the CRCS – Sahara
development projects worth Rs 12,100 crores in is Refund Portal (https://mocrefund.crcs.gov.in/) in New
parliamentary constituency, Varanasi. These initiatives, Delhi. This user-friendly portal has been specifically
spanning various sectors, reflect the government’s focus on designed to facilitate genuine depositors of Cooperative
transforming the city and fostering growth in key areas such Societies of Sahara Group, including Sahara Credit
as infrastructure, education, and more. Cooperative Society Limited, Saharayan Universal
● The DGFT (Directorate General of Foreign Trade) has issued Multipurpose Society Limited, Hamara India Credit
a notification declaring that the import of potatoes from Cooperative Society Limited, and Stars Multipurpose
Bhutan will continue without the need for an import license Cooperative Society Limited, to submit their claims
until June 30, 2024. conveniently.
68 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The leaders of 26 Opposition political parties from across ● The Lok Sabha was informed about the significant increase
India have united to create the INDIA coalition, which in the number of MGNREGA job card deletions in the
stands for the Indian National Developmental Inclusive financial year 2022-23 compared to the previous year. Rural
Alliance. The main objective of this alliance is to challenge Development Minister Giriraj Singh provided a written
the ruling National Democratic Alliance (NDA) led by the reply outlining the reasons for the deletions, which included
BJP in the upcoming 2024 Lok Sabha election. issues like fake job cards, duplicates, people opting out,
● Indian Railway has taken an effective initiative to provide relocations, and deaths.
the passengers of the general coaches with the economic ● In the Lok Sabha, both the Congress party and K
meal at an affordable price of Rs.20 and snacks would cost Chandrashekar Rao’s Bharat Rashtra Samithi (TRS)
Rs. 50 with glasses of water of 200ml at affordable prices. separately submitted notices for a no-confidence motion
● India has donated $1 million to the United Nations to against Prime Minister Narendra Modi’s government. The
support the promotion of the Hindi language. Melissa motion was related to the Manipur issue. Subsequently, the
Fleming, the Global Communications under-secretary- no-confidence motion was accepted by the Speaker.
general, expressed gratitude to @IndiaUNNewYork and ● Amit Shah, the Union Home Minister, officially inaugurated
@ruchirakamboj for their generous investment in the a centralized Aviation Security Control Centre (ASCC)
@UNinHindi service, aimed at delivering UN news and established by the Central Industrial Security Force (CISF)
stories to Hindi-speaking audiences in India and beyond. in New Delhi. The primary objective behind this initiative is
● The Supreme Court has issued new guidelines for to effectively address the prevailing security challenges.
designating senior advocates, replacing the existing 2017 The ASCC will be responsible for monitoring all potential
guidelines. Under the new regulations, lawyers with a threats and social media activity pertaining to the 66 civil
minimum of 10 years of standing and aged 45 years or airports currently under the CISF’s security coverage.
above are eligible to apply. The applications will be ● S Phangnon Konyak, a distinguished BJP leader and
reviewed by a committee comprising the Chief Justice of Nagaland’s first female Rajya Sabha MP, achieved a historic
India (CJI), two senior most judges, the Attorney General, feat as she took on the role of presiding over the Rajya
and a bar representative, who will meet twice a year to Sabha. This remarkable milestone in her political journey
assess the candidates. marks her as the first woman from Nagaland to assume this
● India has thrown its weight behind the United Nations’ prestigious position.
efforts to continue the Black Sea Grain initiative and has ● India has recently launched the International Big Cat
called for a swift resolution to the impasse. The Black Sea Alliance (IBCA) with the aim of conserving seven major big
Initiative holds significant importance for Ukraine’s cat species on Earth. Inspired by the success of Project
agricultural sector, known as “Europe’s breadbasket,” Tiger, which has contributed to India being home to 70% of
which faces disruptions due to the Russian invasion in the world’s tigers, the IBCA will focus on protecting and
February 2022. conserving key big cat species, including Tiger, Lion,
● On July 20, 2023, the Union Ministry of Jal Shakti revealed Leopard, Snow Leopard, Puma, Jaguar, and Cheetah.
that 21 states and union territories in India have ● On a recent occasion, Prime Minister Narendra Modi
successfully implemented the Ground Water Act. This inaugurated the newly revamped Pragati Maidan complex
legislation includes a crucial provision for rainwater in Delhi, unveiling the impressive International Exhibition-
harvesting, aimed at promoting sustainable water cum-Convention Centre (IECC), also known as ‘Bharat
management. In response to a question in the Lok Sabha, Mandapam.’ The IECC is set to become the largest
Union Minister of State for Jal Shakti, Bishweshwar Tudu, conference and exhibition site in India and will be the venue
informed that the ministry has prepared a model bill to for the upcoming G-20 Summit in September.
assist all states and union territories in enacting suitable ● The Union Home Ministry has introduced a new Bill to
groundwater laws. amend the Registration of Birth and Death Act 1969 in the
● Power Finance Corporation Ltd(PFC) has achieved a ongoing session of Parliament. The proposed amendments
milestone by becoming the first Indian participant in the seek to digitize birth records and make Aadhaar mandatory
Asia Transition Finance Study Group (ATFSG), an initiative for birth and death registration. The key objective is to
spearheaded by the Japanese Ministry of Economy, Trade streamline documentation processes, ensure accurate
and Industry (METI) to promote sustainable transition record-keeping, and facilitate various government services.
finance in Asian countries. By becoming a part of this ● During the Sri Lanka President’s visit to India, Indian PM
initiative, PFC will not only contribute India’s perspective expressed his hope to implement 13th Amendment to Sri
but also collaborate on devising policy considerations to Lanka Constitution which flows from the Indo-Sri Lanka
facilitate efficient energy transition financing. Accord 1987.

69 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
National Current Affairs of June ● India’s Animation, Gaming, Visual Effects, and Comics
(AVGC) sector is set to make a remarkable impression on
● India’s first deluxe train, the iconic Deccan Queen, recently the global stage as the country participates for the first time
celebrated its 93rd anniversary of operations between Pune at the prestigious Annecy International Animation Festival
and Mumbai. Its inaugural journey on June 1, 1930. (AIAF) in France.
● During the inauguration of the National Training Centre for ● The UNGA (United Nations General Assembly) has adopted
Food Safety and Standards Authority of India (FSSAI) in
by consensus a draft resolution piloted by India to establish
Ghaziabad, Uttar Pradesh.
a memorial wall in the UN headquarters to honour fallen
● A significant step towards improving train operation safety
peacekeepers.
in India has been taken by Ministry of Railways with the
● Prime Ministers’ Museum and Library Society: At a special
development of Kavach, an indigenous Automatic Train
meeting presided over by Defence Minister Shri Rajnath
Protection System.
Singh, who is Vice-President of the Nehru Memorial
● The 22nd Law Commission's recent report on Section 124A
Museum and Library Society, it was resolved to change the
of the Indian Penal Code (IPC) has recommended retaining
society’s name to Prime Ministers’ Museum and Library
the sedition law while proposing amendments and
Society.
procedural safeguards to prevent its misuse.
● The central government of India has recently taken a
● The Commission of Railway Safety (CRS) is a crucial
proactive step towards improving the well-being of its
government commission in India responsible for ensuring
employees by introducing the “Y-Break – Yoga at Office
the safety of rail travel and train operations. Established
Chair” protocol. This initiative, spearheaded by the Ministry
during the British era, the CRS has evolved over time to
become an independent authority under the Ministry of of AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha,
Civil Aviation (MoCA). and Homoeopathy), aims to help professionals relieve
● The Union Minister of Ports, Shipping and Waterways, stress, rejuvenate their energy levels, and enhance
Sarbananda Sonowal, launched the ‘Sagar Samriddhi’ concentration.
online dredging monitoring system as part of the ‘Waste to ● Union home minister Amit Shah conducted a meeting with
Wealth’ initiative of the ministry. The National Technology disaster management ministers from states and union
Centre for Ports, Waterways and Coasts (NTCPWC) territories to discuss disaster risk reduction and strengthen
developed the system, which replaces the old Draft and the country’s disaster management system. While
Loading Monitor system and offers improved efficiency and presiding over the meeting, Shah announced three major
transparency. schemes valued at over ₹8,000 crore to improve disaster
● The insurance regulator of India has recently released a management efforts across the country.
directive to all insurers operating in the country to establish ● The Personnel Ministry announced that the central
unique 14-digit identifiers, known as Ayushman Bharat government has launched a new collection of courses called
Health Account (ABHA) IDs, for all individuals residing “Dakshta” (Development of Attitude, Knowledge, Skill for
within India. Holistic Transformation in Administration) on the iGOT
● Udhampur-Doda Parliamentary Constituency stands out Karmayogi Platform.
as one of the most developed constituencies among the 550 ● Prime Minister Narendra Modi led a unique yoga session at
Parliamentary Constituencies in India. With its remarkable the United Nations Headquarters on Wednesday, marking
progress and comprehensive growth, the constituency the 9th International Day of Yoga. The historic celebration
serves as a shining example of development. saw the participation of top UN officials, envoys from
● The Ministry of Information and Broadcasting (I&B) in India around the world, and prominent individuals.
has recently cracked down on over 150 websites and ● On the auspicious occasion of the Jagannath Rath Yatra,
YouTube-based news channels since May 2021. These Union Home Minister and Minister of Cooperation, Shri
actions were taken in response to the production of content Amit Shah, inaugurated various development works and
deemed “anti-India” and in violation of Section 69A of the performed Bhoomipujan in Ahmedabad. Among the
Information Technology (IT) Act. inaugurated projects was the CREDAI Garden-People’s
● National Archives of India organized exhibition “Hamari Park, a beautiful park constructed by CREDAI with the aim
Bhasha, Hamari Virasat” on the occasion of 75th of providing a comfortable and environmentally friendly
International Archives Day. space for people from all walks of life.
● Education loans register 17% growth in FY23, turning ● The Central government has allocated ₹145 crore to
positive for first time in five years. Nagaland for the construction of a Unity Mall in Dimapur.
● Union Minister of Education and Skill Development and This funding is part of the Union Budget 2023-24, which has
Entrepreneurship Shri Dharmendra Pradhan flagged off set aside ₹5,000 crore for the establishment of Unity Malls
Gabon’s first Agri- SEZ project from New Delhi. across the country.

70 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The Ministry of Road Transport and Highways has ● The field assessment of Swachcha Survekshan 2023 is
announced the launch of a knowledge-sharing platform by going to be launched by the Ministry of Housing and Urban
the National Highway Authority of India. This platform Assessment from 1st July 2023. As a part of Swachcha
aims to promote the inclusive development of national Bharat Mission, urban cleanliness survey is based on
highways. cleanliness of public spaces and toilets, feedback of
● In a recent judgment, the Supreme Court of India ruled that
residents and the performance of municipalities in waste
Coal India Limited (CIL) and its subsidiary companies are
subject to the Competition Act, 2002. The court held that collection, segregation and processing.
the Competition Commission of India (CCI) can take action ● The Union Cabinet, led by Prime Minister Shri Narendra
against CIL for abuse of its dominant position in the coal Modi, has given its approval for the introduction of the
sector. National Research Foundation (NRF) Bill, 2023 in the
● Union Home Minister Amit Shah has inaugurated the Parliament. This significant move aims to establish the NRF,
construction of the ‘Balidan Stambh’ in Srinagar, Jammu an apex body that will play a pivotal role in seeding,
and Kashmir, June 24. Jammu and Kashmir Lieutenant nurturing, and promoting Research and Development
Governor Manoj Sinha joined him at the park near Lal (R&D) while fostering a culture of research and innovation
Chowk, the commercial center of Srinagar. across universities, colleges, research institutions, and R&D
● India’s Department of Biotechnology (DBT) has announced laboratories in India.
the approval of Pune-based Gennova Biopharmaceuticals
● The Ministry of Fisheries, Animal Husbandry, and
for emergency use authorization from the Drugs Controller
Dairying in the Government of India have taken a
General of India (DCGI) for its mRNA COVID-19 booster
vaccine, GEMCOVAC-OM. significant step towards digitizing the fish farming sector
● Indian Prime Minister Narendra Modi’s visit to the Al-Hakim with the launch of the android-based mobile app, “Report
Mosque in Cairo, Egypt holds great significance, Fish Disease” The app, unveiled by Shri Parshottam Rupala,
particularly for the Dawoodi Muslim community in India. Minister of Fisheries, Animal Husbandry, and Dairying, aims
The mosque, which dates back to the 11th century, is named to enhance disease reporting and surveillance in the
after Al-Hakim bi-Amr Allah, the 16th Fatimid caliph. aquaculture industry.
● The Ministry of Fisheries, Animal Husbandry, and Dairying
has taken a significant step towards streamlining the National Current Affairs of May
regulatory approval process for veterinary drugs and
vaccines with the launch of the Nandi portal. • PM Modi inaugurates 91 FM transmitters in 18 states and 2
● In a significant step towards embracing sustainable union territories to improve radio connectivity in border
transportation, India is poised to launch its first-ever regions and aspirational districts, benefiting 2 crore
hydrogen-powered train. Hydrogen trains, which rely on additional people.
fuel cells to convert hydrogen and oxygen into electricity,
• India's Agriculture Minister launched the Millets Experience
offer a clean and environmentally friendly alternative to
traditional diesel trains. Centre in New Delhi to promote the adoption of millets
● The field assessment of Swachcha Survekshan 2023 is among the public, in collaboration with NAFED.
going to be launched by the Ministry of Housing and Urban • Indian Army inducts five women officers in Regiment of
Assessment from 1st July 2023. Swachcha Survekshan Artillery after completion of training at OTA Chennai.
2023- Mera Sheher, Meri Pehechan is the 8th annual • India's first cable-stayed rail bridge, the Anji Khad Bridge, is
edition ranking released on the basis of cleanliness of the part of the Udampur-Srinagar-Baramulla-Rail Link (USBRL)
cities by the Ministry of Housing and Urban Assessment . Project, and a timelapse video of its construction has been
shared by the Union Railway Minister, Ashwini Vaishnaw.
• Delhi-based think tank CPR's FCRA registration has been
suspended for 180 days by MHA due to initial breaches of
regulations.
• India to join ICAO's CORSIA and LTAG from 2027,
announced at a meeting of the Ministry of Civil Aviation's
Consultative Committee.
• India's Supreme Court has allowed couples to divorce on the
grounds of "irretrievable breakdown of marriage" under
Article 142, enabling one party to seek divorce despite
opposition from the other, or for both parties to seek
mutual consent divorce.
• CBSE adds coding and AI to classes 6-8 curriculum under
NEP 2020.

71 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
• UGC Chairman M Jagadesh Kumar launched CU-Chayan, a • During the inauguration of the International Museum Expo
user-friendly recruitment portal for Central University 2023 at Pragati Maidan, Prime Minister Narendra Modi
faculty. emphasized his government’s commitment to
• Karnataka tops the National Manufacturing Innovation safeguarding India’s heritage.
Survey 2021-22, followed by Telangana and Tamil Nadu, • Union Home and Cooperation Minister Amit Shah recently
with the Northeastern states and Bihar having the lowest laid the foundation stone for the permanent campus of the
innovation in manufacturing. National Academy of Coastal Policing in Dwaraka, Gujarat.
• Shantanu Thakur inaugurates Tuticorin-Maldives Direct • Union Minister Bhupender Yadav inaugurated the Centre of
Shipping Service with 'M.V. MSS Galena' vessel. Excellence on Sustainable Land Management (CoE-SLM) at
• The Ministry of Ports, Shipping & Waterways launched the Indian Council of Forestry Research and Education
‘Harit Sagar’ Green Port Guidelines 2023 to achieve zero (ICFRE) in Dehradun.
carbon emissions.
• The upcoming inauguration of the new parliament building
• The Ministry of Corporate Affairs (MCA) has established the
will feature an important addition, as Prime Minister
Centre for Processing Accelerated Corporate Exit (C-PACE)
Narendra Modi will place a significant golden sceptre near
to streamline the process of removing companies from the
the Speaker’s seat, announced Union Home Minister Amit
MCA Register.
Shah.
• Doctors will now have to get a Unique Identification
Number (UID) to be able to practice medicine in the • The Union Minister for Rural Development and Panchayati
country, as per the new regulations by the National Medical Raj, Shri Giriraj Singh, recently launched the ‘SAMARTH
Commission (NMC). Campaign on Promoting Digital Transactions in 50,000
• Home Minister Amit Shah inaugurated a training program Gram Panchayats’ under the AzadiKaAmritMahotsav in
on legislative drafting in New Delhi. The program aims to Lucknow. Under the SAMARTH Campaign, the government
create a better understanding of the principles and seeks to foster the adoption of digital transactions in 50,000
practices of legislative drafting among officers of Gram Panchayats across India.
Parliament, State Legislatures, various ministries, statutory • Ministry of Ayush and Minority Affairs have joined hands to
bodies, and other government departments. promote and help the development of the Unani System of
• The University Grants Commission (UGC) has launched a Medicine in India. The Ministry of Minorities Affairs has
new website, the UTSAH (Undertaking Transformative granted RS 45.34 crore under the Pradhan Mantri Jan Vikas
Strategies and Actions in Higher Education) Portal, and the Karyakram (PMJVK), which is a centrally sponsored
Professor of Practice (PoP) Portal to promote quality scheme.
education in India. • Prime Minister Narendra Modi informed that a new
• The Meri LiFE app, launched by Union Minister for consulate would be constructed in Brisbane during his
Environment, Forest, and Climate Change, Shri Bhupender address at the Community Event in Sydney.
Yadav, is set to revolutionize the way individuals and • The Indian government has introduced a series of measures
communities track their progress in the global mass aimed at promoting the adoption of environmentally
movement called Mission LiFE. friendly technology in the shipping sector. These initiatives
• Union Minister Dr Jitendra Singh is set to inaugurate the 8th include offering financial assistance and focusing on
All India Pension Adalat in Delhi on May 17. This initiative, upgrading ports.
organized by the Department of Pension and Pensioners’
• The Ministry of Finance has announced the launch of a
Welfare, aims to resolve chronic pension-related cases.
special ₹75 coin to commemorate the inauguration of
• The Ministry of Corporate Affairs (MCA) has taken a
India’s new parliament building. Prime Minister Narendra
significant step towards making the process of striking off
Modi will unveil the coin on 28 May, coinciding with the
defunct companies easier and more efficient. This has been
achieved through the establishment of the Centre for celebration of India’s 75 years of independence.
Processing Accelerated Corporate Exit (C-PACE), which will • Prime Minister Narendra Modi will flag off Assam’s first
centralize the process of striking off companies. Vande Bharat Express train.
• Kiren Rijiju has exited as Union Law Minister and will now • Nepal has decided to allow India’s Satluj Jal Vidyut Nigam
take up the portfolio of Ministry of Earth Sciences. Arjun (SJVN) Limited to develop a second hydropower project in
Ram Meghwal has been assigned the independent charge the country.
as Minister of State in the Ministry of Law and Justice in • The security responsibility of the prime minister, currently
addition to his existing portfolios. undertaken by the Special Protection Group (SPG), will now
• The India Pavilion was inaugurated by Union Minister of be overseen by an officer of the Indian Police Service
State for Information and Broadcasting, Dr. L Murugan, at holding the rank of at least an additional director general
the 76th Cannes International Film Festival in France. (ADG).

72 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
International Current Affairs
International Current Affairs of October ● In a closely-watched election in the Maldives, Mohamed
Muizzu, the candidate from the Progressive Party of
● Indonesian President Joko Widodo officially inaugurated Maldives (PPM), emerged victorious in the presidential polls
Southeast Asia’s first high-speed railway on Monday, after a runoff vote. This victory came after a first round of
marking a significant milestone for the nation’s polling failed to produce a clear winner.
infrastructure development. The ambitious project, known ● BAPS Swaminarayan Akshardham, the largest Hindu
as the “Whoosh” high-speed railway, is a key component of temple in the United States, celebrated its grand opening
China’s Belt and Road Initiative and is poised to on Sunday, October 8, in Robbinsville, New Jersey. This
dramatically reduce travel times between two vital architectural marvel is not only a testament to the vibrant
Indonesian cities. Hindu community in the US but also a symbol of the
● Pakistan’s inflation rate surged to 31.4% year-on-year in enduring spirit of artistry, spirituality, and human
September, driven by soaring fuel and energy prices. This dedication.
alarming increase followed a high of 27.4% in August, ● India and Tanzania are set to boost their bilateral
highlighting the severe economic challenges faced by the cooperation as Tanzanian President Samia Suluhu Hassan
nation. visits India after an eight-year gap. The visit aims to elevate
● The tallest statue of the ‘Architect of the Indian their relations to a strategic partnership and enhance trade
Constitution,’ B.R. Ambedkar, known as the ‘Statue of and investment ties. Tanzanian Foreign Minister January
Equality,’ is set to be unveiled in Maryland on October 14. Yusuf Makamba anticipates the signing of 15 agreements
This statue of Ambedkar is an integral component of the covering various areas of cooperation.
Ambedkar International Center (AIC), currently under ● India and Switzerland recently celebrated 75 years of their
construction on a 13-acre plot in Accokeek city, Maryland. enduring friendship and fruitful collaboration in a beautiful
● Uganda Airlines announced a significant milestone in its Kumaon village nestled in the Uttarakhand region of India.
operations by commencing direct flight services between The three-day event, aptly named ‘Swiss Himalayan
Bounty,’ unfolded last week at a charming homestay in
Mumbai’s Chhatrapati Shivaji Maharaj International
Satoli village, positioned at an altitude of 6,000 feet near
Airport and Entebbe International Airport in Uganda. This
Mukteshwar in the Nainital district. This celebration saw
development marks a historic moment as it reconnects
the convergence of participants representing various
India and Uganda with a non-stop air service after more
NGOs, stakeholders, and beneficiaries of the longstanding
than 50 years of hiatus. The maiden flight for this route, UR
partnership between these two nations.
430, is scheduled to take off from Entebbe on 7 October,
● Bangladesh Prime Minister Sheikh Hasina marked a
with the return flight, UR 431, departing from Mumbai on 8 historic moment in the country’s infrastructure
October. development by inaugurating the 82-km Padma Bridge
● The eurozone economy likely contracted in the third Rail Link. This significant project, executed under China’s
quarter of the year. Demand in the region saw a significant Belt and Road Initiative (BRI), is poised to transform
decline in September, marking the fastest pace of decrease Bangladesh’s connectivity and economic landscape.
in nearly three years. The final Composite Purchasing ● India and China held their 20th corps commander-level
Managers’ Index (PMI), compiled by S&P Global and meeting at the Chushul-Moldo border in Ladakh. Both
considered a reliable indicator of overall economic health, countries engaged in a series of diplomatic discussions to
inched up to 47.2 in September, compared to August’s 46.7. address the persisting issues along the Line of Actual
● Bangladesh recently received its first shipment of uranium Control (LAC) in eastern Ladakh. These talks, held at the
from Russia, which will be used to fuel the country’s Corps Commander level, aimed to foster an open and
Rooppur nuclear power plant. The plant, financed and constructive atmosphere, fostering an early and mutually
constructed by Russia’s Rosatom, is a significant project acceptable resolution. While these discussions did not yield
aimed at enhancing Bangladesh’s electrical grid and a clear breakthrough, they emphasized the commitment of
supporting its growing economy. both nations to peaceful dialogue and negotiation.
● Russian President Vladimir Putin recently announced the ● Russian President Vladimir Putin embarked on his first
successful testing of a new nuclear-powered missile called foreign trip since the International Criminal Court (ICC)
“Burevestnik” during a speech that covered various topics, issued an arrest warrant for him in March, raising
including nuclear weapons and international relations. This international attention and scrutiny. The visit took place in
missile, known as “Storm Petrel,” has raised concerns and Kyrgyzstan, a Central Asian nation historically tied to
questions about its capabilities and reliability. Moscow.

73 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
International Current Affairs of September ● The three-day long Kathmandu-Kalinga Literary Festival,
a vibrant and culturally enriching event concluded in
● Gabon, an oil-producing country in Central Africa, has Lalitpur, Nepal. The festival, which was inaugurated by
experienced a coup led by military officers. President Ali Nepal’s Minister for Foreign Affairs, NP Saud, served as a
Bongo was placed under house arrest after being declared platform for the exchange of culture in South Asia, while
the winner of a disputed election. This marks the eighth promoting literary and cultural activities in the region. This
coup in West and Central Africa since 2020, reflecting a gathering of literary minds and artists from India, Nepal,
trend of democratic setbacks in the region. Other countries Bhutan, Bangladesh, and Sri Lanka showcased the
like Mali, Guinea, Burkina Faso, and Chad have also diversity and richness of South Asian literature and arts.
● Vanuatu’s parliament elected Sato Kilman as the nation’s
witnessed military takeovers, raising concerns for regional
new prime minister after a court upheld a vote of no-
stability and foreign interests.
confidence in his predecessor, who had sought closer ties
● Russia is set to embark on a historic journey by launching its with US allies amid China-US rivalry in the Pacific Islands.
first Islamic banking pilot program on September 1. With a ● The 78th session of the United Nations General Assembly
considerable Muslim population of approximately 25 commenced with Dennis Francis taking on the role of
million, the move aims to tap into the potential of Islamic General Assembly President. In his opening remarks, he
finance, which has already had a presence through emphasized the importance of addressing the numerous
institutions but lacked official recognition. President global challenges currently confronting the world. The 78th
Vladimir Putin’s recent endorsement of the initiative session of the General Assembly, themed ‘Rebuilding trust
signifies a significant step towards embracing Islamic and reigniting global solidarity: Accelerating action on
banking principles in the country. the 2030 Agenda and its Sustainable Development Goals
● In a remarkable endeavor to strengthen trade relations towards peace, prosperity, progress, and sustainability
for all,’ focuses on several critical areas.
between India and the United States within the electronics
● After a two-year post-Brexit standoff regarding science
sector, the Indian Cellular & Electronics Association
funding, the United Kingdom has decided to rejoin the
(ICEA) has established a dedicated task force. With a goal
European Union’s Horizon science research programme.
to elevate the current Indo-US electronics trade, currently This move is seen as a significant development in bilateral
at $8 billion, to an ambitious $100 billion within the next relations between the UK and the EU, following the
decade, this initiative follows collaborative efforts initiated resolution of a trade dispute seven months prior.
after Prime Minister Narendra Modi’s state visit to the ● During the opening session of the two-day G20 Summit,
United States last month. the African Union (AU) received an official invitation to join
● In a significant move, Governor Brian Kemp of the U.S. the Group of 20 largest economies (G20) as a permanent
state of Georgia has officially declared that the month of member. This momentous declaration was made by Indian
October will be celebrated as ‘Hindu Heritage Month’ Prime Minister Narendra Modi, marking a significant stride
within the state. This proclamation aligns Georgia with towards a more inclusive and equitable global economic
several other states across the United States that have landscape.
● India and the United Kingdom have jointly announced the
taken similar steps to honor and commemorate Hindu
launch of the Infrastructure Financing Bridge during the
heritage, culture, values, and traditions.
12th Economic and Financial Dialogue (EFD). This
● In a significant political development, Indian-origin collaborative initiative signifies the continued commitment
economist Tharman Shanmugaratnam has emerged of both nations to work closely together to unlock
victorious in Singapore’s presidential election. This victory substantial infrastructure investment opportunities in India.
is especially noteworthy as it comes after a gap of ten years, ● In a significant announcement at the G20 Leaders Summit
marking the country’s first contested presidential polls held in New Delhi, Prime Minister Rishi Sunak declared
since 2011. that the United Kingdom would allocate $2 billion to the
● In a recent development, the Nobel Foundation has Green Climate Fund (GCF). This commitment marks the
decided to cancel its invitation to the Russian Ambassador largest single funding pledge made by the UK to address
for this year’s Nobel award ceremony in Stockholm. This global climate change challenges, according to an official
decision comes after significant controversy surrounding government statement.
● North Korea has made headlines by launching its first
their initial invitation. In 2022, the Nobel Foundation made
operational “tactical nuclear attack submarine,”
a notable decision not to invite Ambassadors from Russia
designated Submarine No. 841 and named Hero Kim Kun
and Belarus to the Stockholm award event due to the Ok, an ex-commander of the North Korean navy. The
ongoing conflict in Ukraine. A similar decision was made launch ceremony took place with North Korean leader Kim
regarding the Iranian envoy, citing Iran’s crackdown on Jong Un in attendance, where he highlighted the
protests. significance of this new addition to their naval force.

74 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Mayor Craig Greenberg has declared September 3 as ● The 35th edition of the annual Gandhi Walk, a cherished
Sanatana Dharma Day in Louisville, Kentucky in the event in the predominantly Indian suburb of Lenasia in
United States emphasizing the significance of fostering Johannesburg, finally returned after being postponed for
peace, tolerance, and understanding within diverse three long years due to the COVID-19 pandemic.
communities. ● Canada’s prime minister, Justin Trudeau, announced that
● In a significant announcement during the G20 summit, there was “credible” information linking Indian government
Prime Minister Narendra Modi unveiled plans for the agents to the murder of a Sikh separatist leader in British
India-Middle East-Europe economic corridor, a ground- Columbia. The announcement marks a significant
breaking initiative that promises to reshape global trade worsening of bilateral ties.
and connectivity. The corridor, which involves India, UAE, ● Indian Prime Minister Narendra Modi extended an
Saudi Arabia, European Union, Italy, Germany and the invitation to U.S. President Joe Biden to be the chief guest
United States, is poised to be historic venture, surpassing at India’s Republic Day celebrations on January 26 next
even the legendary Silk and Spice routes of the past. year. U.S. Ambassador Eric Garcetti confirmed the
● Eastern Libya is in a state of emergency after a powerful invitation, stating that it is under consideration by the U.S.
storm named Daniel caused terrible damage. Thousands of government. President Biden is also scheduled to visit India
people have been affected, with more than 5,300 lives lost in 2024 for the Quad Summit, and efforts are being made
and many still missing. Here’s what you need to know: to align the summit with his visit.
During the storm, several dams broke, leading to severe
● In a recent announcement, British Prime Minister Rishi
flooding in neighborhoods. Many houses were washed
Sunak has unveiled a shift in the UK’s strategy for achieving
away, and people had to search for their missing family
its Net Zero climate action targets. This strategy includes
members.
a significant delay of five years in implementing the
● NATO member countries are gearing up to conduct their
proposed ban on petrol and diesel cars, pushing the
most extensive military exercise since the Cold War era. Set
deadline to 2035.
to commence in the spring of the following year, this
● Azerbaijan’s military operation in Nagorno-Karabakh has
ambitious undertaking is aimed at simulating various
ignited concerns of a renewed conflict in the region. This
military scenarios, with a primary focus on defense against
a hypothetical adversary resembling a Russian-led long-standing dispute revolves around an ethnic Armenian
coalition known as Occasus. The overarching objective of region within Azerbaijani territory. The recent attacks have
this exercise, codenamed “Steadfast Defender,” is to escalated tensions and raised international alarm.
refine NATO’s transformation from a crisis response ● Mali, Burkina Faso, and Niger have come together to
organization into a robust war-fighting alliance. The address the pressing issue of jihadism in the Liptako-
scenario envisages repelling a hypothetical Russian-led Gourma region by signing a mutual defense pact known as
attack on a NATO member state. the Alliance of Sahel States (AES). This landmark
● Units from the countries of the Association of Southeast agreement aims to establish a framework for collective
Asian Nations (ASEAN) recently embarked on their defense and mutual assistance among these nations to
inaugural joint military exercises in Indonesia’s South protect their populations from the growing threat of
Natuna Sea. These drills come at a time of escalating terrorism. Here, we delve into the key aspects of this
geopolitical tensions between major global powers and development.
rising concerns over China’s activities in the South China ● Since the summer of 2020, the United Kingdom has
Sea. witnessed a concerning surge in cases of Brucella canis
● The African Union is set to launch its own credit ratings infection among dogs, originating primarily from Eastern
agency in the coming year as a direct response to concerns Europe. This incurable disease, which has been spreading
regarding what it perceives as biased credit assessments among canines, has now made the alarming leap to infect
given to African nations. This move aims to provide a more humans, with three British citizens falling victim to its
balanced evaluation of lending risks associated with African debilitating effects. This article explores the nature of
countries and bolster investment in the continent. The Brucella canis, its transmission, symptoms, and preventive
African credit rating agency will primarily function within measures.
the African continent and will be financially self-sustaining. ● The Election Commission of Pakistan (ECP) has officially
● The two-day Summit of the G77+China recently concluded, declared that the general elections in Pakistan will be held
marking a significant moment for the Global South’s in the last week of January 2024. This announcement
aspirations in the international governance system. This follows a series of delays in the election timeline. Initially
summit brought together delegations from over 100 slated for October of the same year, the elections were
nations, including more than 30 heads of state and postponed due to the early exit of the Shehbaz Sharif
government. government and the necessity for a comprehensive census.
75 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The Republican-controlled U.S. House of Representatives ● Ahead of the upcoming Moscow format meeting in Kazan,
has embarked on an impeachment inquiry against Russia, the Taliban has called upon India for economic
Democratic President Joe Biden. Spearheaded by Speaker support and recognition. This development is significant in
Kevin McCarthy, this move signifies an attempt to score light of China’s increased engagement with the Taliban and
political points at the onset of the election campaign cycle. the recent appointment of a new Chinese Ambassador to
This development is steeped in political context, partly Kabul.
influenced by former President Donald Trump’s two ● In a groundbreaking move, India and the United Nations
impeachments and the desire to balance the score. We have jointly introduced a significant capacity-building
delve into the charges against President Biden, largely initiative known as the “India-UN Capacity Building
centered around allegations related to his son Hunter Initiative.” This initiative is designed to facilitate the
Biden’s business dealings. sharing of India’s development experiences, best practices,
● In a significant diplomatic development, China and Syria and expertise with partner countries in the Global South.
have formally announced the establishment of a strategic ● Sri Lanka is facing delays in receiving the second tranche of
partnership. This announcement came during a meeting its $2.9 billion IMF bailout package due to unresolved
between Chinese leader Xi Jinping and Syrian President issues with its external debt restructuring. This crisis comes
Bashar Assad in Hangzhou, China, as the city prepared to as the nation grapples with its worst economic downturn in
host the Asian Games. The partnership reflects China’s history, characterized by dwindling foreign exchange
growing engagement with countries in the Middle East and reserves and public protests over shortages of vital
its quest to assert itself on the global stage. commodities.
● In a historic moment for devotees of Hinduism and lovers of ● In a move that underscores Russia’s unwavering
art and culture, the Swaminarayan Akshardham temple in commitment to its military endeavors, the country is poised
Robbinsville Township, New Jersey, is set to be to substantially increase its defense spending by nearly 70%
inaugurated on 8th October 2023, under the guidance of its in 2024. This financial shift, as revealed in a document
spiritual head, Mahant Swami Maharaj. This monumental published by the Russian Finance Ministry, comes as
temple, constructed outside of India, is poised to become Moscow continues to allocate significant resources to
the second-largest Hindu temple in the world, following
support its extensive offensive operations in Ukraine.
the majestic Angkor Wat in Cambodia. With its intricate
● The Five Eyes Intelligence Alliance, often referred to as
design, spiritual significance and commitment to
simply “Five Eyes,” is a secretive international intelligence
sustainability, the Swaminarayan Akshardham stands as an
coalition comprising five English-speaking countries.
evident to human dedication, tradition and artistry.
Established in the aftermath of World War II, this alliance
● Nepal’s Prime Minister, Pushpa Kamal Dahal, recently
has played a pivotal role in shaping global intelligence and
concluded his week-long visit to China, which was expected
security strategies. In this article, we will delve into the
to address critical issues such as Belt and Road Initiative
history, purpose, and controversies surrounding the Five
(BRI) projects, cross-border energy trade, and past
Eyes alliance. The Five Eyes alliance originated as a post-
agreements. However, the agreements signed during this
war intelligence-sharing agreement between the United
visit did not cover these key areas. Instead, they focused on
States, the United Kingdom, Canada, Australia, and New
various other aspects of bilateral cooperation.
Zealand. Formed in 1946, its primary objective was to share
● Following India’s lead, the United States has expressed
signals intelligence (SIGINT) to counter the emerging
concerns regarding the planned visit of a Chinese research
Soviet threat during the Cold War.
vessel to Sri Lanka in October. The Chinese vessel, named
Shi Yan 6, is set to undertake scientific research projects ● In a remarkable achievement, the US Mission in India
during an 80-day operation in the Indian Ocean, with 13 exceeded its target by processing a staggering one million
research teams on board. non-immigrant visa applications in 2023. This milestone
● The Government of India has recently made a significant signifies the growing interest of Indians in visiting the
decision to permit the export of 75,000 tons of non- United States.
basmati white rice to the United Arab Emirates (UAE). ● Inflation in the Eurozone has dropped to its lowest level in
This move comes at a time when India had imposed almost two years, providing potential relief for the
restrictions on the export of non-basmati white rice, aiming European Central Bank (ECB) and raising questions about
to bolster domestic supplies amidst concerns over inflation the continuation of its rate-hiking cycle. Official data from
and the unpredictability of the monsoon season. The Eurostat reveals that consumer prices in the 20-nation
Directorate General of Foreign Trade (DGFT) made this Eurozone rose at an annual rate of 4.3 percent in
announcement on Monday, signaling a shift in India’s September, down from 5.2 percent in August. This marks
export policies. the lowest level of inflation since October 2021.

76 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Gabon, an oil-producing country in Central Africa, has ● The three-day long Kathmandu-Kalinga Literary Festival,
experienced a coup led by military officers. President Ali a vibrant and culturally enriching event concluded in
Bongo was placed under house arrest after being declared Lalitpur, Nepal. The festival, which was inaugurated by
the winner of a disputed election. This marks the eighth Nepal’s Minister for Foreign Affairs, NP Saud, served as a
platform for the exchange of culture in South Asia, while
coup in West and Central Africa since 2020, reflecting a
promoting literary and cultural activities in the region. This
trend of democratic setbacks in the region. Other countries
gathering of literary minds and artists from India, Nepal,
like Mali, Guinea, Burkina Faso, and Chad have also Bhutan, Bangladesh, and Sri Lanka showcased the
witnessed military takeovers, raising concerns for regional diversity and richness of South Asian literature and arts.
stability and foreign interests. ● Vanuatu’s parliament elected Sato Kilman as the nation’s
● Russia is set to embark on a historic journey by launching its new prime minister after a court upheld a vote of no-
first Islamic banking pilot program on September 1. With a confidence in his predecessor, who had sought closer ties
considerable Muslim population of approximately 25 with US allies amid China-US rivalry in the Pacific Islands.
● The 78th session of the United Nations General Assembly
million, the move aims to tap into the potential of Islamic
commenced with Dennis Francis taking on the role of
finance, which has already had a presence through
General Assembly President. In his opening remarks, he
institutions but lacked official recognition. President emphasized the importance of addressing the numerous
Vladimir Putin’s recent endorsement of the initiative global challenges currently confronting the world. The 78th
signifies a significant step towards embracing Islamic session of the General Assembly, themed ‘Rebuilding trust
banking principles in the country. and reigniting global solidarity: Accelerating action on
● In a remarkable endeavor to strengthen trade relations the 2030 Agenda and its Sustainable Development Goals
between India and the United States within the electronics towards peace, prosperity, progress, and sustainability
for all,’ focuses on several critical areas.
sector, the Indian Cellular & Electronics Association
● After a two-year post-Brexit standoff regarding science
(ICEA) has established a dedicated task force. With a goal
funding, the United Kingdom has decided to rejoin the
to elevate the current Indo-US electronics trade, currently European Union’s Horizon science research programme.
at $8 billion, to an ambitious $100 billion within the next This move is seen as a significant development in bilateral
decade, this initiative follows collaborative efforts initiated relations between the UK and the EU, following the
after Prime Minister Narendra Modi’s state visit to the resolution of a trade dispute seven months prior.
United States last month. ● During the opening session of the two-day G20 Summit,
● In a significant move, Governor Brian Kemp of the U.S. the African Union (AU) received an official invitation to join
state of Georgia has officially declared that the month of the Group of 20 largest economies (G20) as a permanent
member. This momentous declaration was made by Indian
October will be celebrated as ‘Hindu Heritage Month’
Prime Minister Narendra Modi, marking a significant stride
within the state. This proclamation aligns Georgia with
towards a more inclusive and equitable global economic
several other states across the United States that have landscape.
taken similar steps to honor and commemorate Hindu ● India and the United Kingdom have jointly announced the
heritage, culture, values, and traditions. launch of the Infrastructure Financing Bridge during the
● In a significant political development, Indian-origin 12th Economic and Financial Dialogue (EFD). This
economist Tharman Shanmugaratnam has emerged collaborative initiative signifies the continued commitment
victorious in Singapore’s presidential election. This victory of both nations to work closely together to unlock
substantial infrastructure investment opportunities in India.
is especially noteworthy as it comes after a gap of ten years,
● In a significant announcement at the G20 Leaders Summit
marking the country’s first contested presidential polls
held in New Delhi, Prime Minister Rishi Sunak declared
since 2011. that the United Kingdom would allocate $2 billion to the
● In a recent development, the Nobel Foundation has Green Climate Fund (GCF). This commitment marks the
decided to cancel its invitation to the Russian Ambassador largest single funding pledge made by the UK to address
for this year’s Nobel award ceremony in Stockholm. This global climate change challenges, according to an official
decision comes after significant controversy surrounding government statement.
their initial invitation. In 2022, the Nobel Foundation made ● North Korea has made headlines by launching its first
a notable decision not to invite Ambassadors from Russia operational “tactical nuclear attack submarine,”
designated Submarine No. 841 and named Hero Kim Kun
and Belarus to the Stockholm award event due to the
Ok, an ex-commander of the North Korean navy. The
ongoing conflict in Ukraine. A similar decision was made launch ceremony took place with North Korean leader Kim
regarding the Iranian envoy, citing Iran’s crackdown on Jong Un in attendance, where he highlighted the
protests. significance of this new addition to their naval force.

77 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Mayor Craig Greenberg has declared September 3 as ● In a significant development, the federal cabinet of
Sanatana Dharma Day in Louisville, Kentucky in the Pakistan has quietly approved the signing of a new security
United States emphasizing the significance of fostering pact with the United States. The Communication
peace, tolerance, and understanding within diverse Interoperability and Security Memorandum of Agreement
communities. (CIS-MOA) will pave the way for enhanced defense ties
● In a significant announcement during the G20 summit, between the two nations and may allow Pakistan to procure
Prime Minister Narendra Modi unveiled plans for the military hardware from Washington DC. This move comes
India-Middle East-Europe economic corridor, a ground- after the previous agreement, signed in 2005, expired in
breaking initiative that promises to reshape global trade 2020.
and connectivity. The corridor, which involves India, UAE, ● In recent news, Fitch, one of the top-three global ratings
Saudi Arabia, European Union, Italy, Germany and the agencies, downgraded the United States’ credit rating
United States, is poised to be historic venture, surpassing from AAA to AA+. The AAA rating is the highest possible
even the legendary Silk and Spice routes of the past. rating, indicating a country’s strong ability to repay its
● Eastern Libya is in a state of emergency after a powerful debts. This article explores the significance of a AAA credit
storm named Daniel caused terrible damage. Thousands of rating, lists the nations still holding the prestigious rating,
people have been affected, with more than 5,300 lives lost and discusses the consequences of the U.S. losing its AAA
and many still missing. Here’s what you need to know: status.
During the storm, several dams broke, leading to severe ● Iraq has been officially recognized by the World Health
flooding in neighborhoods. Many houses were washed Organization (WHO) as the 18th country to successfully
away, and people had to search for their missing family eliminate trachoma as a public health concern. This
members. achievement also marks Iraq as the fifth nation within the
● NATO member countries are gearing up to conduct their WHO’s Eastern Mediterranean Region to accomplish this
most extensive military exercise since the Cold War era. Set milestone.
to commence in the spring of the following year, this ● A new COVID variant Eris or EG.5.1 is rapidly spreading
ambitious undertaking is aimed at simulating various across the country United Kingdom. Startlingly, one out of
military scenarios, with a primary focus on defense against every seven COVID-19 cases in the UK is now linked to this
a hypothetical adversary resembling a Russian-led variant. The spread of Eris is not limited only to UK but also
coalition known as Occasus. The overarching objective of across Europe, Asia and North America, marking its
this exercise, codenamed “Steadfast Defender,” is to impact globally.
refine NATO’s transformation from a crisis response ● Cambodia’s King appointed Hun Sen’s son the country’s
organization into a robust war-fighting alliance. The new leader, beginning a handover of power that ends nearly
scenario envisages repelling a hypothetical Russian-led four decades of rule, but the outgoing Premier promised
attack on a NATO member state. this was “not the end” of his political career. King Norodom
Sihamoni issued a royal decree appointing Hun Manet as
International Current Affairs of August Prime Minister, after Mr. Hun Sen had announced last
month that he was stepping down and handing power to his
● China’s capital, Beijing, experienced a historic deluge, eldest son.
recording a staggering 744.8 millimeters of rainfall over the ● The International Buddhist Confederation (IBC) held the
course of five days. This torrential downpour, the highest in Bhumi Pujan ceremony for the construction of the India
140 years, was triggered by the remnants of Typhoon International Centre for Buddhist Culture and Heritage
Doksuri, leaving streets submerged and residents stranded. (IICBCH) in Lumbini, Nepal.
The disaster has resulted in tragic fatalities, with at least 21 ● In July 2023, our planet experienced an unprecedented rise
people losing their lives and 26 others still reported missing. in temperatures, marking it as the hottest month ever
Beijing and the surrounding province of Hebei faced severe recorded. This alarming trend underscores the urgency of
flooding, causing extensive damage to infrastructure and addressing global climate change and its root cause,
posing a significant challenge to rescue operations. greenhouse gas emissions. Let’s delve into the key
● On July 26, an attempted coup in Niger shook the country’s highlights and findings of this extraordinary month.
political stability and raised concerns over its efforts to ● China, facing a significant economic challenge, saw its
combat the growing Islamist insurgency in the Sahel region. exports plummet by double digits in July, raising concerns
President Mohamed Bazoum, who came to power in 2021 for the Communist Party to steer the nation’s economy out
through the country’s first peaceful democratic transition, of its current slump. The decline, encompassing a 14.5%
was ousted by mutinous soldiers. This article delves into the drop in exports compared to the previous year, is
reasons behind the coup, its implications for the region, and intensifying the urgency for policy measures to revive
the international response. economic growth.
78 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The media regulatory body of Iraq has issued a prohibition ● China’s Inner Mongolia region has reported two cases of
on the usage of the term ‘homosexuality‘ instructing both bubonic plague, causing concerns amid previous infections
media and social media entities to employ the term ‘sexual and highlighting the need for vigilant containment efforts.
deviance‘ in its place. The new cases involve close relatives of a previously
● In a significant political development, Pakistan’s President infected individual. Bubonic plague is a highly infectious
took the step of dissolving the country’s parliament as per disease, primarily transmitted through rodents, and can be
the recommendation of Prime Minister Shehbaz Sharif. fatal if not treated promptly. The region’s health authorities
The lower house of the Parliament’s five-year term is due to
are taking proactive measures to prevent the further spread
end on August 12. This move comes at a critical juncture as
of the disease.
Pakistan grapples with both political and economic
● India’s collaboration with Russia’s Arctic region is on the
challenges.
● Australia’s involvement in the AUKUS (Australia, United rise, evidenced by its substantial contribution to cargo
Kingdom, United States) pact has gained attention due to handled at Murmansk port. This strategic port, positioned
its potential role as a testing ground for advanced about 2,000 km northwest of Moscow, serves as a key
hypersonic and long-range precision weapons. The northern gateway for Russia, and in the first seven months
agreement, initially focused on supplying Australia with of 2023, it handled a total of eight million tonnes of cargo.
nuclear-powered submarines, has evolved to address the Notably, India’s share accounted for 35% of this cargo,
growing influence of China in the Asia-Pacific region. U.S. primarily consisting of coal destined for the eastern coast of
Secretary of the Army Christine Wormuth highlighted India.
Australia’s unique contributions and the collaborative ● Russia has launched an e-visa facility for Indians from
nature of the pact. August 1, allowing travellers to the country to surpass the
● Deflation, the inverse of inflation, signifies a persistent hassles of obtaining a regular visa. The e-visa facility, also
decline in the general price levels of goods and services available for travellers from 54 other countries, does not
within an economy. The recent occurrence of deflation in require a visit to consulates or embassies.
China, the world’s second-largest economy, has triggered ● Deep within the heart of the Amazon rainforest lies an
concerns about its economic prospects and the need for
extraordinary tale – that of the Piripkura tribe. This story
robust policy responses from Beijing.
revolves around Tamandua Piripkura, one of the last
● In the aftermath of a recent coup in Niger on July 26, the
remaining three survivors of this indigenous community.
Economic Community of West African States (ECOWAS)
faces a critical situation. The coup leaders have defied Their journey encapsulates the unyielding struggle of
ECOWAS’ deadline to reinstate the ousted president, Indigenous people against the encroachment of the
prompting discussions among regional leaders. This article modern world.
delves into the ongoing crisis, ECOWAS’ response, and the ● Thai property tycoon Srettha Thavisin has been elected as
potential implications for the region. the new prime minister of Thailand following a decisive
● In a significant development for international students win in a parliamentary vote. The 60-year-old Thavisin’s
aspiring to study in Canada, the country’s Immigration, victory in the parliamentary vote, with the support of two-
Refugees and Citizenship Canada (IRCC) has officially thirds of the assembly, ends weeks of political uncertainty
sanctioned the use of Pearson’s PTE Academic test as an that followed an election held 100 days ago.
English language proficiency assessment. ● The U.S. Food and Drug Administration (FDA) recently
● Anwarul Haq Kakar, a prominent ethnic Pushtun leader grants approval to the first vaccine created to forestall
with close ties to the influential military, has taken the oath (Respiratory Syncytial Virus) RSV-associated LRTD
as the country’s caretaker prime minister. With this (Lower respiratory tract disease) and severe cases in
appointment, Kakar is entrusted with the responsibility of infants spanning birth to 6 months. This momentous
heading an impartial administration, supervising the
decision is fostering optimism among parents and
forthcoming general elections, and addressing the
healthcare providers working diligently to protect the well-
economic hurdles confronting the country.
being of these susceptible infants.
● The Dutch economy has entered a recession, shrinking
0.3% on a quarterly basis in the second quarter. This is the ● Since its resurgence in January 2021, the highly contagious
first recession since the pandemic, and follows a 0.4% African Swine Fever (ASF) virus has rampantly spread
contraction in the first three months of the year. The across the globe, infiltrating 49 countries by August 2023.
eurozone’s fifth largest economy was driven by a drop in The virus, infamous for its nearly 100% fatality rate among
consumer spending and exports. Consumer spending fell domestic and wild pigs, has wrought havoc on pig
1.6%, while exports were 0.7% lower than in the first three populations, with over 1.5 million animals lost within this
months of the year. Inflation in the Netherlands has timeframe. The World Organisation for Animal Health
dropped since hitting a peak of 14.5% in September 2022, (WOAH), a prominent intergovernmental organization
but was still relatively high at about 6% in the second dedicated to combatting animal diseases, released a report
quarter of 2023. detailing this alarming spread on August 21, 2023.
79 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● In a significant geopolitical development, the BRICS ● Iran has officially become a full member of the Shanghai
alliance, comprising Brazil, Russia, India, China, and South Cooperation Organisation (SCO) during an India-hosted
Africa, has announced the inclusion of six new member virtual summit of the influential grouping. Prime Minister
countries. This expansion marks a notable shift in the Narendra Modi congratulated Iranian President Ebrahim
alliance’s composition and has the potential to reshape the Raisi and the people of Iran on this significant occasion.
dynamics of global cooperation. The expanded BRICS now ● In a significant ceremony at St Giles’ Cathedral in
welcomes Argentina, Iran, the United Arab Emirates, Edinburgh, King Charles III of the United Kingdom was
Saudi Arabia, Ethiopia, and Egypt into its fold. presented with the Scottish Crown Jewels, solidifying his
● In a significant event attended by senior Iranian officials, the authority in Scotland. The event took place two months
Islamic Republic recently introduced its latest achievement after his official coronation and included the unveiling of a
in unmanned aerial technology – the Mohajer-10 drone. As new sword named after the late Queen Elizabeth.
reported by state media, this cutting-edge unmanned aerial ● During India-EU Aviation summit held at New Delhi, India,
vehicle boasts an impressive range of 2,000 kilometers the Director General of Civil Aviation (DGCA) has signed a
(1,240 miles). MoU with the European Union Aviation Safety Agency
● Indian Prime Minister Narendra Modi embarked on a (EASA) for cooperation in unmanned aircraft and systems
landmark visit to Greece, marking a significant diplomatic and innovative air mobility.
milestone as he became the first Indian Prime Minister to ● Taiwan has announced its decision to open its third
set foot in the country in 40 years. This visit is aimed at representative office in India, this time in Mumbai. The
fortifying the bilateral relationship between India and move comes after more than a decade since Taiwan last
Greece, and it comes at the invitation of Greek Prime expanded its presence in the country. The establishment of
Minister Kyriakos Mitsotakis. the Taiwan Economic and Cultural Center (TECC) in
● On his visit to Greece, Prime Minister Narendra Modi Mumbai aims to facilitate trade, investment, and provide
engaged in a solemn and symbolic act by paying his various services to Taiwanese nationals and Indian
respects to the ‘Tomb of the Unknown Soldier’ in Athens. businesspeople and tourists.
This gesture took place amidst a series of diplomatic ● Dutch Prime Minister Mark Rutte’s coalition government
activities during his European tour, highlighting India’s collapses due to “insurmountable” differences on handling
commitment to global partnerships. migration. After days of crisis talks, the four-party coalition
● Emmerson Mnangagwa has been declared the winner of fails to reach a deal.
Zimbabwe’s presidential election, securing a second term ● Peru declared a state of National emergency amid a surge
as the nation’s leader. The Zimbabwe Electoral Commission in patient suffering from Guillain-Barre Syndrome (GBS)
(ZEC) announced Mnangagwa as the victor with 52.6% of which is a neurological condition characterized by an
the vote, while his closest rival, Nelson Chamisa of the uncommon immune system mistakenly attack on nervous
Citizens’ Coalition for Change (CCC), trailed behind at system.
44%.
● Bangladesh and India have initiated trade transactions in
● The Kampala Ministerial Declaration on Migration,
rupees, aiming to reduce reliance on the US dollar and
Environment, and Climate Change (KDMECC) is a
strengthen regional currency and trade. This bilateral trade
significant agreement adopted by 48 African countries to
agreement marks a significant milestone for Bangladesh,
address the complex relationship between human mobility
moving beyond the US dollar for trade settlement with a
and climate change. This declaration, initially signed by 15
foreign country.
African states in 2022, provides an action-oriented
● The Ukraine war has led to the increased recognition of the
framework for member states to manage climate-induced
term “Global South” as many influential countries in Africa,
migration effectively.
Asia, and Latin America have shown hesitation in aligning
● The ORON aircraft, a result of Israel’s Defense Ministry’s
themselves with NATO.
groundbreaking progress, signifies a remarkable
● Israel’s parliament in the first reading adopted a
advancement in the nation’s military capabilities. This
controversial bill that would limit the oversight powers of
intelligence-gathering aircraft is poised to revolutionize
the Supreme Court.·
Israel’s defense strategy with its cutting-edge technology
● Indian Prime Minister Narendra Modi is embarking on a visit
and capabilities.
to France and the United Arab Emirates (UAE) from July
International Current Affairs of July 13-15, aimed at deepening cooperation between the
countries. With a focus on areas such as defence, security,
● New Zealand has taken a momentous step towards
energy, and global partnerships, PM Modi’s visit holds
reducing plastic waste by becoming the first country to
significance for strengthening bilateral ties. This article
implement a complete ban on thin plastic bags commonly
provides an overview of the key highlights and objectives of
used in supermarkets for fruit and vegetable purchases.
the visit.

80 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● UAE or United Arab Emirates is participating with observer ● The external minister of India S. Jaishankar met his
status in the plenary of the Asia/Pacific Group on Money Myanmar counterpart Tha Swe to discuss the expeditions
Laundering (APG), a Financial Action Task Force-Style projects especially the India-Myanmar-Thailand trilateral
regional body (FSRB), taking place this week in Vancouver, highway and the challenges faced in the smooth
Canada. The UAE is the first Arab country to be granted implementation of the project. The total distance of this
observer status at the APG. highway is approximately 1,400 km (845 miles) which
● Australian Treasurer Jim Chalmers and Prime Minister starts from Moreh in Manipur, India and passes through
Anthony Albanese announced Michele Bullock would Myanmar and ends at Mae Sot in Thailand.
head the Reserve Bank of Australia (RBA) for the next ● In a significant move, India and Japan have solidified their
seven years, having chosen not to reappoint Governor Philip partnership by signing an agreement to jointly develop the
Lowe for a second term. semiconductor ecosystem. The deal aims to bolster the
● The European Investment Bank (EIB) has announced its resilience of the global supply chain, particularly in the
support for India’s National Green Hydrogen Mission by crucial semiconductor industry. This marks Japan as the
offering a loan facility of up to €1 billion. The loan aims to
second Quad partner, after the United States, to join hands
assist India in developing its nascent green hydrogen
with India in this endeavor.
ecosystem and renewable energy projects. EIB Vice-
● “The “V.C Yeshwant Ghadge Sundial Memorial” was
President Kris Peeters will confirm the lender’s interest in
jointly unveiled by the Commune of Monotone in Italy and
providing the loan during his visit to India this week to
Italian military historians at Montone, Perugia, Italy. This
attend G20 events.
memorial stands as a tribute to the valor and sacrifices of
● Jakarta, Indonesia – On the sidelines of the 56th ASEAN
the Indian troops who fought in the Italian Campaign during
Foreign Ministers’ Meeting (AMM) in Jakarta, Saudi Arabia
has officially become the 51st country to accede to the the Second World War.
Treaty of Amity and Cooperation (TAC). The accession ● As per a notification issued by the Directorate General of
signing ceremony took place on July 12, and Indonesian Foreign Trade, India, world’s top rice exporter, has
Foreign Minister Retno Marsudi, on behalf of ASEAN, implemented a ban on all exports of “non-basmati white
expressed her appreciation to Saudi Arabia for joining the rice” to stabilize domestic prices. However, the government
treaty. will permit the export of white rice to other nations upon
● A private Chinese company launched the World’s first request, subject to the fulfillment of their food security
methane-fuelled space rocket into orbit named “Zhuque- requirements and their government’s formal approval.
2”. ● Russian President Vladimir Putin has signed a new
● Talim made landfall in Zhanjiang city, located in legislation that deals a significant blow to the LGBTQ+
Guangdong province. China typically experiences its community in the country. The act, passed unanimously by
primary flood season from late July to early August. During both houses of parliament, strictly prohibits individuals
this period, there is an upsurge in tropical cyclone and from officially or medically changing their gender, further
typhoon activity, particularly in the South China Sea and marginalizing Russia’s embattled LGBTQ+ population.
Western Pacific regions, with particular emphasis on the ● According to WHO, a first case of Middle East Respiratory
southern and southeastern coastal areas of the country. Syndrome Coronavirus (MERS-COV) has been identified in
Hong Kong hoisted the Tropical Cyclone Warning Signal a 28-year old male from United Arab Emirates (UAE).
No 8,the third-highest warning level first time this year. ● Pan Gongsheng was named China’s central bank
● India and the United States have recently agreed to governor on July 25 in the widely anticipated final major
enhance cooperation on various fronts, including appointment of the ruling Communist Party’s once-a-
strengthening multilateral development banks, promoting decade change of power. Mr. Pan, a deputy central bank
climate action, and facilitating energy transition. The Union governor and veteran of China’s state-owned banking
Finance Minister, Nirmala Sitharaman, met with US industry, succeeds Yi Gang, an American-trained
Treasury Secretary, Janet Yellen, during a G20 event to economist who held the post for five years.
discuss their bilateral interests and explore new investment ● On 13th July, the World Bank issued an official approval for
opportunities in renewable energy. The collaboration
the Bank of Israel to join the International Committee on
between the two nations spans economic, commercial, and
Credit Reporting (ICCR), consists of worldwide committees
technological issues, with a focus on supply chain
on credit reporting.
strengthening and catalyzing clean energy transition.
● United Nations Educational, Scientific and Cultural
● North Korea recently tested its latest intercontinental
Organization (UNESCO) has urged to prohibit the use of
ballistic missile (IBM) – Hwasong-18. Hwasong-18 is a
smartphones in schools, asserting the need for a more
three stage solid-fuelled intercontinental ballistic missile
(IBM) developed by North Korea. “human-centred vision” of education.

81 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Cambodia’s Prime Minister, Hun Sen recently announced ● The United Arab Emirates (UAE) has emerged victorious in
his decision to step down and appoint his eldest son, Hun the bid to host the prestigious World Conservation
Manet, as the new prime minister. Despite leaving the Congress (WCC) in 2025.
prime ministerial position, Hun Sen will continue to hold ● Germany, the fourth largest economy in the world, is
leadership roles as the head of the ruling Cambodian currently facing a recession due to a decline in the Euro and
People’s Party and as a member of the National Assembly. an unexpected contraction in the economy during the first
● Antarctica’s sea ice has been recorded low level of about three months of 2023.
14.2 million sq. km, significantly below the normal extent ● Cryptocurrencies experienced a widespread decline
of 16.7 million sq. km for this time of year. following the accusations made by the US Securities and
● China’s issuance of stapled visas to Indian citizens from Exchange Commission against Binance Holdings Ltd.,
Arunachal Pradesh has sparked controversy and accusing them of mishandling funds and providing false
diplomatic tensions between the two neighboring information to regulators.
countries. This practice involves attaching a separate piece ● In recent events, the Nova Kakhovka Dam in Ukraine has
of paper to the visa instead of directly stamping it on the suffered a catastrophic blow, leading to concerns of
passport. The recent incident involving three Indian wushu devastating flooding. Ukraine’s military command has
players receiving stapled visas led to India’s withdrawal of accused Russia of causing the explosion, given the dam’s
its wushu contingent from the Summer World University strategic significance.
Games in Chengdu. ● Germany is preparing to host the biggest air deployment
● James Ferguson ‘Jim’ Skea of the United Kingdom was exercise in NATO’s history, a show of force intended to
elected as the new chair of the Intergovernmental Panel impress allies and potential adversaries such as Russia. The
on Climate Change (IPCC), in Nairobi, Kenya. Skea beat his Air Defender 23 exercise starting next week will see 10,000
nearest rival, Thelma Krug of Brazil, in a run-off. He won 90 participants and 250 aircraft from 25 nations respond to a
votes while Krug won 69. Krug, an IPCC vice-chair and simulated attack on a NATO member country.
former researcher at Brazil’s national space institute, ● As the world enters an El Niño phase—a natural climate
narrowly missed a chance to be the first female chair of the phenomenon characterized by warmer waters in the
IPCC. Pacific—countries are bracing themselves for extreme
weather events. The United States and the United
International Current Affairs of June Kingdom have recently unveiled a groundbreaking
strategic pact known as the “Atlantic Declaration.”
● Latvian lawmakers picked the country’s long-serving and ● India and Serbia have set an ambitious target of achieving
popular foreign minister, a strong backer of Ukraine, as its a bilateral trade volume of one billion euros by the end of
new head of state in a tight vote. the decade. President Droupadi Murmu of India and her
● In a setback for North Korea’s space ambitions, the Serbian counterpart, Aleksandar Vucic, have expressed
country’s first attempt at launching a military spy satellite their commitment to strengthen bilateral relations and
ended in failure. The English version of their website stated explore new areas of cooperation.
that the carrier rocket, named “Chollima-1,” . ● The INS Trishul, a leading battleship of the Indian Navy,
● Celeste Saulo of Argentina has been appointed as the first sailed to Durban port in South Africa to observe the 130th
female Secretary-General of the World Meteorological anniversary of an event that happened on 7 June 1893 at the
Organization (WMO). Pietermaritzburg railway station. The event marked the
eviction of Mahatma Gandhi from a train, which further
prompted his fight against discrimination.
● China has achieved a major milestone in its pursuit of
hypersonic technology with the completion of the world’s
most powerful wind tunnel. Known as the JF-22, this
groundbreaking facility is set to play a pivotal role in China’s
hypersonic ambitions, enabling the country to make
significant strides in the development of hypersonic
vehicles.
● The US Geological Survey (USGS) has downgraded the
safety alert for Kilauea volcano in Hawaii, following a new
eruption. The alert level has been reduced from
“WARNING” to “WATCH” as effusion rates have declined
and no infrastructure is threatened.

82 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● New Zealand’s economy has slipped into a recession, as ● In a pioneering initiative, the Indian Embassy in the
the first-quarter Gross Domestic Product (GDP) fell by 0.1 Sultanate of Oman has introduced an innovative video
percent. This decline follows a revised 0.7 percent drop in called ‘Soulful Yoga, Serene Oman’ on the eve of the
GDP in the fourth quarter of 2022, meeting the technical International Day of Yoga 2023.
definition of a recession. ● Pakistan has recently implemented a ban on the
● The Joint Comprehensive Plan of Action (JCPOA), more celebration of Holi and other Hindu festivals across
commonly referred to as the Iran nuclear agreement, was educational institutions in the country. The decision was
established in July 2015 between Iran and multiple global made to protect what the government considers to be the
powers, including the United States. eroding Islamic identity of the nation.
● The United Kingdom has announced the appointment of ● The United Kingdom’s public sector net debt has surpassed
senior diplomat Jane Marriott as the next British High 100% of its GDP in May, a level not seen since 1961,
Commissioner to Pakistan, making her the first female according to the Office for National Statistics (ONS). The
British envoy to Islamabad. rising debt, excluding state-controlled banks, reached
● UNESCO has announced that the United States will rejoin £2.567 trillion ($3.28 trillion), representing 100.1% of GDP.
the agency in July, four years after leaving due to ● China and Pakistan have signed a significant agreement
allegations of bias against Israel. The move to rejoin will worth USD 4.8 billion to establish a 1,200-megawatt
require a vote by member states, but is expected to pass nuclear power plant. This deal reflects the deepening
easily. strategic cooperation between the two nations and comes
● Prime Minister Narendra Modi’s upcoming visit to the as a welcome development for Pakistan.
United States from June 21 to June 24 is one of the most ● Kyriakos Mitsotakis, leader of the centre-right New
important diplomatic visits of 2023, highlighting the Democracy party, has been sworn in as the prime minister
significance of India’s geopolitical role. of Greece for a second term following a resounding election
● Japan’s parliament has raised the age of consent from 13 victory.
to 16, a limit which had remained unchanged for more than ● Canada has taken a proactive approach to address its
a century and was among the world’s lowest consent age. shortage of skilled workers, particularly in the tech industry.
During Collision’s tech conference in Toronto, the country’s
● IREDA, a Mini Ratna (Category – I) enterprise under the
immigration minister announced the launch of a digital
Ministry of New and Renewable Energy, participated in
nomad strategy aimed at attracting talented individuals
the prestigious three-day “Intersolar Europe 2023”
from around the world.
exhibition held in Munich, Germany.
● India has been removed from the UN Secretary-General’s
● In a historic move, Bangladesh’s central bank has decided
annual report on the impact of armed conflict on children,
to allow its currency, the taka, to float freely for the first
signaling the country’s improved measures to protect
time. The decision comes in response to demands from the
children. The decision by Secretary-General Antonio
International Monetary Fund (IMF) and aims to unlock
Guterres acknowledges India’s commitment to child
additional funds from a $4.7 billion loan program.
protection and highlights the positive outcomes of its
● Nusrat Chowdhury, a civil rights lawyer, has been
technical mission and a workshop on strengthening child
confirmed by the Senate as the first Muslim female
protection. This development marks a significant milestone
federal judge in US history. She will assume her lifetime
for India, which had been included in the report since 2010.
appointment in Brooklyn federal court in New York after a
50-49 vote on Thursday along party lines. International Current Affairs of May
● Representatives from all 193 UN member nations joyfully
approved the first-ever treaty to safeguard marine life in the • Santiago Pena of the Colorado Party wins Paraguay's
presidential election over center-left Efrain Alegre.
high seas.
● Pakistan is currently facing a severe economic crisis • Australian High Commission in India announced a
characterized by a shortage of dollars, leading to a government grant for the first time in Kargil, benefiting the
region, during a meeting chaired by the Australian high
complete halt in the import of essential food and beverages.
commissioner to India, Barry O’Farrell.
● Estonia‘s parliament passed a law legalising same-sex
• Sberbank creates GigaChat to rival ChatGPT, with better
marriage, making it the first central European nation to do
communication skills in Russian.
so. While much of western Europe has already legalised
• First border haat opens in Sylhet division, Bangladesh.
same-sex marriage, it remains prohibited in many former
communist central European countries that were once part • Modi to attend Bastille Day Parade in Paris as Guest of
of the Soviet-led Warsaw Pact. Honour.
● Petteri Orpo, the leader of the conservative party in • India tops Sri Lanka's tourism market in April 2023.
Finland, has been elected as the country’s prime minister • Sri Lanka's Supreme Court approves bill decriminalizing
by the parliament. homosexuality.

83 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
• India extends $1bn credit line to Sri Lanka amid economic • Japan is “seriously” evaluating adopting India’s UPI
crisis. payments system as both governments look at promoting
• Pakistan, China, and Afghanistan agreed to extend the digital cooperation by creating interoperability where the
China-Pakistan Economic Corridor (CPEC) to Afghanistan digital payments system could bring ease of cross-border
to enhance their economic relations and exploit payments.
Afghanistan's potential as a regional connectivity hub. • In a bid to strengthen bilateral relations, Indian Railways has
• Syria readmitted to Arab League after decade-long handed over 20 broad gauge (BG) locomotives to
suspension. Bangladesh.
• Ludovit Odor, a former Vice-Governor of the National Bank • The ‘Tiger Shark 40’ Joint Bangladesh-US Naval drill
of Slovakia, has been appointed as Slovakia’s new caretaker Exercise commenced at BNS Nirvik in Chattogram. The
Prime Minister. main aim of the exercise is to enhance the strategic
• Brazil, known as the world’s leading chicken exporter, has capabilities of both countries and promote mutual
recently confirmed cases of Highly Pathogenic Avian exchange of technical and procedural knowledge.
Influenza (HPAI) in wild birds. • Coventry, a city in the West Midlands of the United
• Libya’s political scene has been thrown into turmoil as the Kingdom, has appointed Jaswant Singh Birdi as its new Lord
nation’s eastern-based parliament voted to remove Prime Mayor.
Minister Fathi Bashagha.
• Ireland is on track to become the first country to enforce
• The World Bank’s Board of Executive Directors has
mandatory health advisories on alcohol products. The Irish
approved an $82 million loan to support India’s efforts in
Minister for Health, Stephen Donnelly, has approved the
adopting global best practices for animal health
new policy, which will be implemented starting from May
management.
22, 2026.
• Indian-origin Captain Pratima Bhullar Maldonado has
become the highest-ranking South Asian woman in the • The World Meteorological Congress has made a
New York Police Department (NYPD). groundbreaking decision to approve a new greenhouse gas
• The 76th edition of the Cannes Film Festival will showcase a (GHG) monitoring initiative, according to the World
dazzling array of films. Scheduled to occur from May 16 to Meteorological Organization (WMO).
27, 2023. • Bola Tinubu was sworn in as the President of Nigeria on May
• During the joint meeting of the federal parliament, 29.
President Ram Chandra Paudel announced that the decade • The Turkish President, Recep Tayyip Erdogan, has emerged
of the 2080s in the Bikram Samvat calendar would be victorious in the recent election following a tense run-off.
recognized as ‘the Visit Nepal decade’ and that the year • India announced an extension to its $1 billion credit line to
2025 will be designated as a special year for tourism. Sri Lanka for another year.

Current Affairs Related to States in India


Current Affairs Related to States in India of the region but also plays a vital role in the conservation of
October the yak population in the Himalayan region. Churpi, rich in
protein, has been a lifeline for tribal yak herders in the
Andhra Pradesh harsh, vegetation-starved, cold, and hilly mountainous
● The Eastern Ghats, known for their captivating landscapes regions of the state.
and diverse ecosystems, have long captured the fascination
Bihar
of nature enthusiasts. Now, an exciting development is on
● In a significant move, the Bihar government has unveiled
the horizon for those eager to delve into this unique
a 10% reservation quota for people falling under the
environment. ‘Miniature Eastern Ghats‘ (MEG) forest
Economically Weaker Section (EWS) category in the state’s
arena, scheduled to become a prominent tourist destination
judicial services, as well as in government-run law colleges
in Visakhapatnam from November 2023, will offer visitors
and universities.
the opportunity to immerse themselves in the stunning
mountain landscape. Goa
● The inaugural edition of the Women Entrepreneurship
Arunachal Pradesh
Platform (WEP) – NITI Aayog State Workshop Series on
● Slightly sour and salty churpi, a naturally fermented cheese
Enabling Women-led Development through
prepared from the milk of Arunachali yak, nurtured in the
Entrepreneurship was organized at CSIR-National Institute
high-altitude areas of Arunachal Pradesh, has recently
of Oceanography (NIO) Auditorium, Goa. The workshop
received the prestigious Geographical Indication (GI) tag.
was held in collaboration with the Government of Goa with
This recognition not only celebrates the culinary heritage of
a focus on the western region of the country.
84 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The 54th edition of International Film Festival of India Telangana
(IFFI), known for its celebration of cinema from around the ● In a remarkable stride towards promoting eco-friendly and
world, is scheduled to take place from November 20 to 28 active mobility, Hyderabad, India, proudly inaugurated its
in the beautiful coastal state of Goa. This iconic event first solar roof cycling track, Healthway.
promises to be a cinematic extravaganza, showcasing the Uttarakhand
best of contemporary and classic films from India and across ● Union Minister for Tribal Affairs, Shri Arjun Munda,
the globe. inaugurated the 4th Eklavya Model Residential Schools
Jharkhand (EMRS) National Cultural & Literary Fest and Kala Utsav-
2023 in the picturesque city of Dehradun on the 3rd of
● The Department of Animal Husbandry and Dairying,
October, 2023.
Government of India, recently unveiled the ‘A-HELP‘
● The 49th All India Police Science Congress (AIPSC)
(Accredited Agent for Health and Extension of Livestock organized by the Uttarakhand Police commenced today,
Production) programme in the state of Jharkhand. The October 7th at the Forest Research Institute in Dehradun.
launch event, graced by dignitaries, shed light on the vital With the theme of “Policing in Amrit Kaal,” this annual
role that women play in the state’s livestock sector and the event, held under the auspices of the Bureau of Police
potential of this new initiative to transform the landscape of Research and Development (BPR&D), promises to be a
animal husbandry. platform for insightful discussions on various aspects of
modern policing. The event will be graced by Union Home
Madhya Pradesh
Minister Amit Shah as the Chief Guest and Uttarakhand
● In an important development towards gender equality and
Chief Minister Pushkar Singh Dhami as the Guest of
women’s empowerment, the Madhya Pradesh
Honor.
government has announced a groundbreaking policy to ● The state government of Uttarakhand took a significant
reserve 35% of all state government job positions for step towards empowering its youth by launching the ‘Yuva
women, excluding the Forest Department. This progressive Uttarakhand mobile application.’ The primary objective of
amendment to the Madhya Pradesh Civil Services (Special this innovative app is to provide valuable information about
Provision for Appointment of Women) Rules, 1997, self-employment opportunities to the state’s unemployed
comes just ahead of the upcoming state assembly elections. youth
Rajasthan Uttar Pradesh
● NLC India Ltd. (NLCIL), a Navaratna Central Public Sector ● Uttar Pradesh Chief Minister Yogi Adityanath has made a
Enterprise (CPSE) under the Ministry of Coal, has recently significant announcement regarding the Gangetic Dolphin,
achieved a remarkable feat in the renewable energy sector designating it as the state’s aquatic animal. This move
by securing an 810 MW solar photovoltaic power project. highlights the importance of conserving these unique
This project is awarded by Rajasthan Rajya Vidyut creatures and preserving the purity of the rivers and ponds
Utpadan Nigam Limited (RRVUNL) and marks a significant they inhabit. Uttar Pradesh’s decision to declare the
step forward in NLCIL’s commitment to clean and Gangetic Dolphin as the state aquatic animal and the launch
of the “Meri Ganga Meri Dolphin 2023” campaign
sustainable energy solutions.
demonstrate the government’s commitment to wildlife
● The Rajasthan government, in collaboration with the
conservation, environmental preservation, and raising
Environment and Forest Department, is making
awareness about the importance of maintaining the purity
concerted efforts to elevate Udaipur, also known as the of rivers and ponds.
‘City of Lakes,’ to international prominence by aiming to
become India’s first wetland city. According to recent
Current Affairs Related to States in India of
reports, the city has been chosen as a potential Ramsar
Convention site of International Importance, a recognition
September
coveted by wetland-rich regions around the globe. Arunachal Pradesh
● Union Civil Aviation Minister Jyotiraditya Scindia recently
Tamil Nadu
announced the imminent launch of three additional air
● Tamil Nadu Chief Minister MK Stalin recently celebrated routes in Arunachal Pradesh, set to be operational by
the achievements of nine eminent space scientists from October of this year. These new routes will connect
the state, including renowned figures like K Sivan and Itanagar, the capital of Arunachal Pradesh, to Rupsi,
Mylswamy Annadurai, for their remarkable contributions Jorhat, and Delhi as part of the UDAN-5 scheme. UDAN,
to India’s space program. In a special event held in Chennai or Ude Desh ka Aam Nagarik, is a regional connectivity
on 2nd October 2023, Chief Minister Stalin announced cash initiative designed to enhance accessibility to aviation
awards of Rs.25 lakh for each of the scientists and unveiled services for the common citizens. The development comes
plans for a scholarship program to encourage scientific after the inauguration of enhanced infrastructure at the
innovation among postgraduate engineering students. Tezu airport in Lohit district.

85 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Assam Haryana
● In a significant step towards empowering grassroots ● In a significant development for the entertainment industry
leaders, Assam Governor Gulab Chand Kataria unveiled the in Haryana, the state government has appointed renowned
‘Sarpanch Samvad‘ app in a grand launch ceremony held at film actress Mita Vashisth as the chairperson of the
the Raj Bhavan. This groundbreaking initiative is set to governing council tasked with overseeing the
revolutionize the way Sarpanchs, who are village headmen, implementation of the Haryana Film and Entertainment
communicate, collaborate, and access vital resources. The
Policy.
event witnessed the participation of more than 30
Sarpanchs from various corners of the country, signifying Jharkhand
the app’s importance in fostering community development. ● In a significant move aimed at fostering social inclusion and
● In a recent announcement, the Ministry of Tourism has providing much-needed support, the Jharkhand
declared Biswanath Ghat in Assam as the Best Tourism government has taken a progressive step by including the
Village of India for the year 2023. This recognition comes transgender community in its universal pension scheme.
after an extensive selection process that involved reviewing
This decision was announced during a cabinet meeting
791 applications from 31 different states and union
presided over by Chief Minister Hemant Soren, marking a
territories across the country. Assam Chief Minister
watershed moment in the state’s commitment to address
Himanta Biswa Sarma expressed his delight at this
achievement, highlighting the immense efforts made by the needs of its transgender population.
the government to promote rural tourism in the state. Karnataka
Bihar ● Officially known as Kalyana-Karnataka Liberation Day
● In a significant development for wildlife conservation in (Vimochana Diwas), Hyderabad-Karnataka Liberation Day
Bihar, the state is preparing to establish its second tiger is an important annual observance celebrated across
reserve within the Kaimur district. The upcoming tiger various districts of Karnataka, India. This event, held on the
reserve in Kaimur district will complement the existing 17th of September each year, commemorates the
Valmiki Tiger Reserve (VTR) located in the West integration of Hyderabad into India in 1948. Union Home
Champaran district of Bihar. Minister Amit Shah actively participated in the ‘official’
Goa Hyderabad-Karnataka Liberation Day ceremony at Parade
● In a significant move aimed at bolstering the financial Grounds in Secunderabad, highlighting its significance.
independence and well-being of homemakers in Goa, Chief ● In a significant move aimed at safeguarding the interests
Minister Pramod Sawant distributed Griha Adhar sanction and well-being of platform-based gig workers, the
orders to a multitude of beneficiaries across the state. This Karnataka government unveiled a groundbreaking
proactive step not only acknowledges the invaluable initiative that offers a comprehensive insurance package
contributions of homemakers but also seeks to uplift their
worth Rs 4 lakh, including Rs 2 lakh in life insurance and an
socio-economic status.
additional Rs 2 lakh in accidental insurance.
● Goa, often referred to as the “Pearl of the Orient,” is a
coastal paradise in India known for its stunning beaches, Kerala
vibrant culture, and rich history. Recently, the government ● The Higher Organising Committee of the Zayed Charity
of Goa has approved a groundbreaking policy named “Goa Marathon has announced a groundbreaking development
State Shack Policy 2023-2026” to enhance the beach for India – the inaugural edition of the renowned marathon
experience for tourists while promoting sustainable tourism is set to take place in the vibrant state of Kerala in 2024. This
and economic opportunities for the local community. This
event marks a significant collaboration between Kerala
policy is set to redefine the beach scene in Goa.
State authorities and the Indian community residing in the
Gujarat United Arab Emirates (UAE), strengthening the cultural
● President Droupadi Murmu officially unveiled the Gujarat and economic ties between the two regions.
legislative assembly’s Digital House project, National e- ● The Indian Council for Medical Research (ICMR) has
Vidhan Application (NeVA), in Gandhinagar. The launch granted approval for the use of the Truenat test to diagnose
ceremony was graced by the distinguished presence of
Nipah virus (NiV) in Kerala. This development is significant
Gujarat Governor Acharya Devvrat and Chief Minister
as hospitals equipped with Biosafety Level 2 (BSL 2)
Bhupendrabhai Patel. This endeavor draws inspiration from
laboratories can now conduct the test. The Health Minister,
Prime Minister Narendra Modi’s visionary concept of ‘One
Nation, One Application’ and signifies a substantial leap Veena George, has announced that a standard operating
towards achieving a completely paperless Assembly procedure (SOP) will be formulated for conducting the
process. Truenat test.

86 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Madhya Pradesh Odisha
● The World Heritage Site Sanchi in Madhya Pradesh’s ● In a significant development for the Particularly Vulnerable
Raisen district has become India’s first solar city. Chief Tribal Group (PVTG) Dongria Kondhs of Rayagada district
Minister Shivraj Singh Chouhan formally launched. It has a in Odisha, their exquisite handwoven shawls, known as
capacity of 3 megawatts in Nagauri near Sanchi, which will Kapdaganda, are on the verge of acquiring the prestigious
reduce annual carbon dioxide emissions by 13,747 tonnes. Geographical Indicator (GI) tag while Koraput district’s
This is equivalent to more than 2,38,000 trees. ‘Koraput Kalajeera Rice,’ often referred to as the ‘Prince of
● In a significant move, the Madhya Pradesh (MP) cabinet, Rice,’ has obtained Geographical Indications (GI) status.
under the leadership of Chief Minister Shivraj Singh ● Biju Janata Dal (BJD) party member Pramila Malik became
Chouhan, has given the green light to a series of the first woman Speaker of the Odisha Assembly. The
transformative initiatives aimed at addressing critical issues election of Pramila Malik as the Speaker of the Odisha
within the state. These initiatives encompass compensation Legislative Assembly and she was elected unopposed. The
for mob lynching victims, housing schemes for homeless post became vacant due to the resignation of Bikram
families, enhanced honorarium for guest faculty, flood relief Keshari Arukha in May 2023.
packages, and the expansion of public services.
● Madhya Pradesh Chief Minister Shivraj Singh Chouhan Punjab
inaugurated a 108-foot-tall statue of the 8th-century ● In a significant healthcare initiative, the State Health
spiritual leader, Adi Shankaracharya on 21st September. Minister of Punjab, Balbir Singh, inaugurated “Mission
This significant event occurred amidst political dynamics Intensified IndraDhanush” 5.0. The launch took place at
and is an evident to the promotion of Sanatan Dharma and Dr. BR Ambedkar Medical College in Mohali, Punjab. This
cultural unity. mission, initially scheduled for August but delayed due to
● Madhya Pradesh, which is home to the most number of flooding in the state, aims to provide vaccination against 12
tigers in the country, has got a new protected area for the Vaccine-Preventable Diseases (VPD).
big cats named ‘Veerangana Durgavati Tiger Reserve’. ● In a formal ceremony held in Ferozepur, Punjab, Chief
The Madhya Pradesh Government has unveiled the Minister Bhagwant Singh Mann made a significant
Veerangana Durgavati Tiger Reserve, becoming the announcement that marks a profound tribute to the valiant
seventh tiger reserve in the state and the 54th in India. Sikh warriors who gave their lives in the historic Battle of
Saragarhi. A state-of-the-art monument, dedicated to
Maharashtra
commemorating the martyrdom of 21 brave Sikh soldiers,
● The Maharashtra government has issued an official
will grace the landscape of Ferozepur, with an ambitious
notification regarding the renaming of Aurangabad and
timeline of completion within six months.
Osmanabad districts to Chhatrapati Sambhajinagar and
Dharashiv, respectively. Following a period during which Tamil Nadu
suggestions and objections were sought several months ● In a groundbreaking move, the Tamil Nadu government is
ago, the decision to change these names at various levels, all set to launch the Kalaignar Magalir Urimai Thogai
including sub-division, village, taluka, and district, has been Thittam, the largest social welfare initiative aimed at
finalized. This notification has been issued by the Revenue providing monthly financial assistance. This scheme is set to
Department of the state. benefit over 1.06 crore eligible women who are the heads
Manipur of their families.
● The Manipur government has decided to extend the Uttarakhand
imposition of the Armed Forces (Special Powers) Act ● Pushkar Singh Dhami, the Chief Minister of Uttarakhand,
(AFSPA) for an additional six months in the entire state, inaugurated the logo and website for the Investor Global
except for specific areas within the Imphal Valley. This Summit set to take place in Dehradun on December 8-9,
decision has been made in response to the security 2023. This summit is poised to explore investment
situation, particularly in the hill districts dominated by tribal opportunities across a wide range of sectors and holds the
communities, where ethnic violence and insurgent activities potential to usher in a significant transformation in the
have been on the rise. The government’s decision contrasts state’s economic landscape.
with the army’s demand for the re-imposition of AFSPA in ● Uttarakhand government made a significant stride in
the valley districts to aid counterinsurgency efforts. boosting its tourism and infrastructure sector by signing a
Nagaland Memorandum of Understanding (MoU) with the Poma
● Nagaland has taken a pioneering step in the North Eastern Group, a renowned French ropeway construction
region by launching the Aadhaar-Linked Birth company . The MoU, valued at a substantial Rs 2,000 crore,
Registration (ALBR) system. This groundbreaking initiative was officially inked by Vinay Shankar Pandey, the
focuses on simplifying the procedures of birth registration Secretary of Industries on behalf of the Uttarakhand
and Aadhaar enrolment for children aged 0 to 5 years. government.

87 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The Minister of Tourism and Culture of Uttarakhand, Satpal Goa
Maharaj, inaugurated the George Everest Cartography ● The Bharti Institute of Public Policy, a renowned think
Museum in the picturesque town of Mussoorie, tank under the Indian School of Business (ISB), and the
Uttarakhand, on the occasion of World Tourism Day. Government of Goa have entered into a Memorandum of
West Bengal Understanding (MoU) to establish a knowledge
● The West Bengal assembly made a significant decision by partnership. This strategic alliance is geared towards
passing a resolution to officially observe Bengali New advancing evidence-based policy formulation and fostering
Year’s Day, known as Poila Baisakh, as the state’s impactful governance in the state of Goa.
foundation day on April 15th. ● In a significant stride towards accessible and affordable
healthcare, Goa has emerged as the trailblazer among
Current Affairs Related to States in India of Indian states by introducing free In vitro fertilization (IVF)
August treatment. This groundbreaking initiative, coupled with
Assam assisted reproductive technology (ART) and intrauterine
● The Assam government has taken a significant step insemination (IUI), was officially inaugurated by Chief
towards enhancing its forest cover and combating climate Minister Pramod Sawant at the Goa Medical College
change by announcing a massive initiative called ‘Amrit (GMC) in Bambolim.
Brikshya Andolan‘. This ambitious project aims to plant 1 ● In a significant step towards preserving and celebrating
crore saplings in a single day in September, marking a India’s rich socio-cultural heritage, Goa’s Chief Minister
crucial milestone in the state’s efforts to boost its green Pramod Sawant unveiled a groundbreaking initiative – The
economy and contribute to the fight against global Biodiversity Atlas of Mayem Village.
warming. Jharkhand
● In a significant stride towards enhancing the air travel ● Illegal coal mining poses a significant risk to both the
experience in the Northeastern region of India, Guwahati’s environment and the economy of India. In response to this
Lokpriya Gopinath Bordoloi International Airport (LBBI) issue, the government has introduced the Khanan Prahari
has become the first airport in the area to introduce the
App. This mobile application allows citizens to report any
innovative ‘Digi Yatra‘ facility. This cutting-edge service is
suspicious activities related to coal mining in their vicinity,
set to revolutionize the way passengers navigate through
thereby contributing to the fight against this illegal
airports, providing a seamless and hassle-free journey.
practice.
● In a decisive move towards environmental conservation, the
Assam Environment and Forest Department has taken a Karnataka
significant step by announcing the ban on the use and ● According to a report on Asian Elephant population and
production of plastic water bottles below 1000 ml demography 2023, the state of Karnataka has witnessed a
capacity within the state. This transformative initiative, set remarkable increase in elephant population. The number of
to be enforced from October 2 this year, reflects Assam’s elephants in Karnataka has surged from an estimated 6,049
commitment to combat plastic pollution and promote in 2017 to an impressive 6,395, making it the highest
sustainable practices. elephant-populated region in the country. The report was
● In a significant move aimed at enhancing decentralization introduced ahead of the approaching World Elephant Day
of governance and improving the convergence of line on August 12, with the aim of raising awareness about the
departments, the Assam cabinet has taken a bold step by critical need to conserve and safeguard these animals
creating four new districts that were previously abolished Kerala
last year in December. With the addition of these new ● In a significant move aimed at embracing its cultural and
districts, Assam’s total district count will reach 35. The linguistic heritage, the Kerala Legislative Assembly has
newly formed districts are Hojai, Biswanath, Tamulpur, passed a resolution requesting the Central government to
and Bajali.
change the name of the state from ‘Kerala’ to ‘Keralam‘.
Bihar
● The enchanting festivities of Onam, a significant cultural
● The Patna High Court ordered to resume the caste based
celebration in the state of Kerala, have graced the calendar
survey in Bihar, which was first started by Patna DM
from August 20 to August 31 this year. Stretching over a
Chandrashekhar himself in Ward 10, Phulwarisharif,
Patna. span of ten days, the Thiru-Onam or Thiruvonam
● The Bihar government to constitute ‘Rhino Task Force’ for celebrations carry an air of excitement and exuberance as
suggesting measures for the reintroduction of rhino they commemorate the return of the revered King
conservation scheme in ‘Valmiki Tiger Reserve’ in West Mahabali, also known as Maveli. This vibrant festival is an
Champaran district. emblem of Kerala’s rich heritage and cultural splendor.

88 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The state of Kerala introduces its first AI school situated at Rajasthan
Santhigiri Vidyabhavan in Thiruvananthapuram. It was ● The National Bank for Agriculture and Rural
inaugurated by the Former President of India, Ram Nath Development (NABARD) has sanctioned a total amount of
Kovind. This inaugural ceremony heralded the inception of Rs 1,974.07 crore to the Rajasthan government under the
a fresh era in the educational domain, distinguished by Rural Infrastructure Development Fund (RIDF) for the
innovative technology and forward-looking pedagogical
financial year 2023-24. This substantial funding aims to
methods.
Madhya Pradesh uplift the living conditions of rural communities and drive
● Madhya Pradesh Chief Minister Shivraj Singh Chouhan on economic growth in the region.
27 August raised the financial aid given to women in the Tamil Nadu
Ladli Behna Scheme from ₹1,000 to ₹1,250 per month. ● Foxconn Technology Group, a prominent Taiwanese
Apart from this, the MP CM also announced 35 percent company and a key supplier to Apple Inc., has pledged to
reservation for them in government jobs and said cooking invest ₹1,600 crore in establishing a manufacturing facility
gas cylinders will be provided to women at ₹450 in August in Kancheepuram district, Tamil Nadu. The commitment
to mark ‘Sawan’. was made in the presence of Chief Minister M.K. Stalin and
Maharashtra Foxconn Chairman Young Liu during Mr. Liu’s first visit to
● The Maharashtra Government will confer Tata group the state. The investment is expected to create significant
Chairman Ratan Tata with the first prestigious
employment opportunities and boost the electronics
Maharashtra Udyog Ratna Award this year, state
industries minister Uday Samant announced in the State manufacturing sector in Tamil Nadu
Legislative Assembly. ● The Tamil Cultural community celebrates Aadi Perukku,
● In the first quarter of the fiscal year 2023-24, Maharashtra also known as Pathinettam Perukku, as an auspicious
has emerged as the front-runner in attracting Foreign festival to honor the monsoon season and the fertility of
Direct Investment (FDI). Deputy Chief Minister Devendra the soil.
Fadnavis proudly announced that the state secured the top ● The Tamil Nadu Pollution Control Board (TNPCB) is set to
position by attracting FDI amounting to Rs 36,634 crore. conduct a public hearing on the proposed expansion of
This noteworthy achievement places Maharashtra ahead of Adani group’s Kattupalli Port in Tiruvallur district. The
other prominent states like Delhi, Karnataka, and project, which was initially scheduled for a hearing in
Telangana, whose cumulative FDI values trail behind.
January 2021 but was delayed due to COVID-19, has drawn
Mizoram
strong opposition from environmentalists and opposition
● Under the “100 Microsites” initiative, the National Health
Authority (NHA) of India has unveiled the first Ayushman parties.
Bharat Digital Mission (ABDM) Microsite in the capital city ● Tamil Nadu Industrial Development Corporation
of Mizoram. This achievement is poised to transform the (TIDCO), the nodal agency overseeing the implementation
healthcare sector by propelling the advantages of of the Tamil Nadu Defence Industrial Corridor (TNDIC), is
digitalization to the forefront. set to establish India’s first Unmanned Aerial Systems
Meghalaya (Drone) Common Testing Centre at an outlay of Rs 45
● In a significant step towards harnessing renewable energy crore.
and reducing power deficits, Meghalaya Chief Minister ● In a significant stride towards resolving the water crisis
Conrad K Sangma launched the Chief Minister’s Solar gripping Chennai city, Tamil Nadu’s Chief Minister, M K
Mission, a pioneering initiative aimed at ushering in a new
Stalin, has laid the foundation stone for what is set to
era of green progress for the north eastern hill state.
become South East Asia’s largest water desalination
● In a significant move towards improving early childhood
development and maternal mental health, the Asian project.
Development Bank (ADB) has sanctioned a USD 40.5 Telangana
million loan for the northeastern Indian state of Meghalaya. ● The United Nations Educational, Scientific and Cultural
This strategic initiative, supported by the Meghalaya Organization (UNESCO) and the Information Technology,
government’s contribution of USD 15.27 million, aims to Electronics and Communications (ITE&C) Department of
fortify both home-based and center-based childcare the Government of Telangana have forged a pioneering
services through the establishment and enhancement of partnership to infuse the Ethics of AI into the very essence
daycare centers known as Anganwadi centers. of artificial intelligence systems.
Odisha Uttar Pradesh
● Odisha Government expanded the coverage of Social
● Uttar Pradesh CM Yogi Adityanath launched Command
Security Scheme to 50 more categories of unorganised
Centre and CM Dashboard to ensure needy and deserving
workers which include delivery boys, boatmen and
photographers, the scheme aims to provide financial have access to the benefits of the government schemes and
assistance in case of accidental or natural death. services.

89 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● According to the Indian Council of Medical Research Bihar
Cancer Registry data, Uttar Pradesh, registered the • Bihar has overtaken Tamil Nadu to become the state with
highest count of cancer cases in India. During the year 2022, the highest microlending borrowings in India as of March
the state documented an astonishing 210,000 new cases, 2023, according to a report released. The report, published
marking a significant uptick from the 201,000 cases by credit information company Crif High Mark, highlighted
registered in 2020.
Bihar’s impressive growth with a 13.5 percent increase in
● The Uttar Pradesh Cabinet, under the leadership of Chief
the gross lending portfolio during the March quarter
Minister Yogi Adityanath, has given the green light to
compared to the previous quarter.
several important proposals, highlighting the government’s
commitment to education and youth empowerment. Gujarat
West Bengal • The state government of Gujarat has taken a significant
● The Indian city of Kolkata has taken a significant step step towards improving healthcare access for its citizens by
forward by adopting an Air Quality Early Warning System
doubling the insurance cover under the Pradhan Mantri Jan
(AQEWS), developed by the Indian Institute of Tropical
Arogya Yojana (PMJAY). Starting from the 11th of July,
Meteorology (IITM) based in Pune. This system offers both
beneficiaries of PMJAY in Gujarat will now receive an
real-time air pollution data and forecasts, with the
objective of enhancing readiness and facilitating measures insurance cover of Rs 10 lakhs, a twofold rise from the
to tackle the escalating air pollution levels within the city. previous coverage of Rs 5 lakhs.
• Gujarat CM Bhupendra Patel and Union Minister of State
Current Affairs Related to States in India of July for communications Devusinh Chauhan on July 8 launched
Andhra Pradesh the ‘Antyodaya Shramik Suraksha Yojna’ an accident
• Chief Minister Y.S. Jagan Mohan Reddy of Andhra Pradesh insurance scheme, from Nadia of Kheda district in Gujarat.
has taken a significant step towards promoting education • To set up a ‘Satellite Network Portal Site’, Gujarat signed
and empowering mothers through the implementation of a MoU on 19th July with London-Based Company, OneWeb
the Jagananna Amma Vodi scheme. By releasing a Company and the Department of Science and Technology.
substantial amount of ₹6,392 crore, the government is
demonstrating its commitment to providing quality Karnataka
education for all. • Bengaluru, the capital of Karnataka became the first Indian
• The Greater Chennai City Police (GCP) has launched city to be part of the World Cities Culture Forum (WCCF),
‘Police Drone Unit’ for aerial surveillance over vast areas a global network of cities that share research and
and quick detection of criminal activities. The project, which intelligence to explore the role of culture in future
costs approximately Rs 3.6 crore according a press release prosperity. Bengaluru became the 41st city to join the forum
by the GCP, was inaugurated by outgoing Tamil Nadu and the network currently includes 40 cities across six
Director General of Police (DGP) C Sylendra Babu, in the continents. The forum includes cities like New York,
presence of Chennai Police Commissioner Shankar Jiwal at London, Paris, Tokyo, and Dubai.
Besant Avenue, Adyar.
Madhya Pradesh
Assam
• Indore Municipal Corporation (IMC) in Madhya Pradesh,
• Assam’s Numaligarh Refinery Limited (NRL) has
established itself as one of the top 20 CPSEs in India in India, has made history by becoming the first urban body in
terms of both sales revenue and profitability. It has gained the country to receive Extended Producers Responsibility
widespread recognition as a high-performing refinery in the (EPR) credit for recycling banned single-use plastic items.
country, setting industry benchmarks for distillate • Madhya Pradesh is set to launch its first online gaming
production, specific energy usage, and gross refining profit. industry named “MP State Esports Academy” to provide
• In an effort to mitigate the escalating human-elephant the young esports player an opportunity and platform to
conflict (HEC) issue, Assam has launched the “Gajah advance to a professional level.
Kotha” campaign, involving more than 1,200 individuals
and promoting coexistence. Maharashtra
• The local graziers of the Tawang region near Bumla Pass, • Nationalist Congress Party (NCP) leader Ajit Pawar, who
Arunachal Pradesh, celebrated the Chachin grazing took oath as the Deputy chief minister of Maharashtra
festival on July 14-15. The two-day event held at Chachin after joining the Eknath Shinde-led government, is the son
saw enthusiastic participation from Graziers from all over of Sharad Pawar’s elder brother Anantrao. He made his first
the Tawang region. The event was attended by nearly 100 foray into politics by being elected to the board of a sugar
graziers and their herd of yaks numbering more than 400. cooperative in 1982.

90 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
• Tomato farmers in Maharashtra and Karnataka have • The Rajasthan government presented the Rajasthan
attributed the decline in their yields earlier this year to two Platform Based Gig Workers Bill, 2023, becoming the first
distinct viruses. Those in Maharashtra reported that their state in India to ensure social security assurance for gig
tomato crops were adversely affected by the cucumber workers. As part of this initiative, the Rajasthan Platform
mosaic virus (CMV), whereas growers in Karnataka and Based Gig Workers Welfare Board will be established,
other South Indian states attributed their losses to the enabling gig workers in the state to register with all the
tomato mosaic virus (ToMV). In the past three years, state’s aggregators.
farmers cultivating tomatoes have observed a rise in the • Noor Shekhawat became the first transgender person in
prevalence of these two viruses, resulting in varying degrees Rajasthan to be issued a birth certificate with the gender
of crop damage, ranging from partial to total loss. recorded as transgender. In her old birth certificate, her
• The Maharashtra Industrial Development Corporation gender was marked as male. Shekhawat was handed her
(MIDC), the Maharashtra government, and the Indian new birth certificate by municipal and state government
Ministry of Textiles joined hands by signing a memorandum officials. She runs an NGO for the transgender community
of understanding to establish the PM Mega Integrated and also wants to complete her graduation.
Textile Regions and Apparel Park (PM MITRA Park) in
Amravati,Maharashtra. The inauguration of the PM Tamil Nadu
MITRA mega textile park took place with the aim of • In a significant achievement, Tamil Nadu has reclaimed its
attracting an investment of ₹10,000 crore and creating position as the leader in electronic exports in India. The
300,000 job opportunities. state’s electronic exports, valued at USD 5.37 billion in the
2022-23 financial year, now account for a 23% share in the
Nagaland
electronics market.
• Nagaland has been officially declared as a Lumpy Skin
• India’s aviation education landscape has witnessed a
Disease Positive State. The declaration is made following
the detection of the Lumpy skin disease in four districts of significant boost with the recent approval of the first Flying
the state, under The Prevention and Control of Infectious Training Organisation (FTO) in Tamil Nadu by the
and Contagious Diseases in Animals Act, 2009. Directorate General of Civil Aviation (DGCA). EKVI Air
Training Organization Pvt Ltd has been granted permission
Odisha to operate from Salem Airport, marking a significant
• The Odisha state cabinet gave an approval to a proposal milestone for aspiring pilots in the region.
which recommended the inclusion of the Kui language in • The Tamil Nadu State Agriculture Marketing Board and
the 8th schedule of the Constitution of India. The cabinet NABARD Madurai Agribusiness Incubation Forum have
is of opinion that the inclusion of language to 8th schedule awarded a Geographical Indication (GI) certificate to the
will not have any financial implications.
Authoor betel leaves from Thoothukudi district in Tamil
• Naveen Patnaik of Odisha has become the second longest Nadu. The certificate is granted in the name of Authoor
serving chief minister of a state in India with a tenure of 23
Vattara Vetrilai Vivasayigal Sangam. This GI recognition
years and 139 days on Sunday, surpassing the record of
opens up new avenues for marketing the Authoor betel
former West Bengal chief minister Jyoti Basu.
leaves, enabling their reach in both domestic and
• Odisha’s Chief Minister Naveen Patnaik approved the
international markets, tapping into their marketing
Mission Shakti Scooter Yojana, a scheme aimed at
potential.
providing interest subvention on bank loans up to INR
1,00,000 to beneficiaries, enabling them to purchase a
scooter.
Rajasthan
• The Rajasthan Assembly passed ‘The Rajasthan Minimum
Guaranteed Income Bill, 2023,’ aiming to provide a
guarantee of wages or pension to the entire adult
population in the state. The bill is hailed as “incomparable
and historic” by Parliamentary Affairs Minister Shanti
Dhariwal, as it promises employment guarantee for 125
days every year and a minimum pension of Rs 1,000 per
month to all families, including those in urban and rural
areas. The pension will also see an annual automatic
increase of 15 percent.

91 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Telangana Karnataka
• The Telangana High Court recently made a landmark ● The Mekedatu project has recently become a topic of
judgment, declaring the Telangana Eunuchs Act as discussion in the news, with Karnataka's Deputy Chief
unconstitutional. The Act, which had been in place since Minister, D K Shivakumar, announced The Mekedatu
1919, was deemed discriminatory and a violation of the project for the construction of a balancing reservoir across
human rights of the transgender community. The court’s the Cauvery River near Kanakapura.
decision has significant implications for the recognition and ● The Karnataka government has advised the women to
protection of transgender rights in Telangana. apply for Shakti smart cards to avail the free travel in state
Tripura run buses, starting from June 11.
• Ker Puja is an annual festival celebrated in the state of ● The ‘Anna Bhagya‘ scheme in Karnataka, which
Tripura, India. During this festival, Prime Minister Modi guarantees 10 kg of rice to Below Poverty Line (BPL)
extended his wishes for happiness, unity, good health, and cardholders, has hit a roadblock due to a shortage of rice.
prosperity to the people of Tripura. Despite approaching neighboring states for procurement,
the Karnataka government is struggling to secure an
Uttar Pradesh
adequate rice supply to implement the scheme.
• The Uttar Pradesh Cabinet has given its approval for the
● Karnataka Government recently launched its Gruha Jyothi
construction of two “Obra D” thermal power projects in
Sonbhadra, Uttar Pradesh. These projects, with a capacity Scheme on June 18, 2023. The scheme aims to provide free
of 800MW each, aim to address the rising power demand electricity to households in Karnataka that consume less
and provide cheaper electricity to the people of the state. than 200 units of electricity per month
• Water experts and river rights activists have criticized a Kerala
government order (GO) issued by the irrigation department ● The Pinarayi Vijayan-led Kerala government on 5 June
of the Uttar Pradesh government on September 3, 2020 officially launched the Kerala Fibre Optical Network
which declared the Gomti river as a “non-perennial river”. (KFON).
• The Agriculture Department of Uttar Pradesh is gearing up
to implement the Mukhya Mantri Khet Suraksha Yojana, Madhya Pradesh
intending to uplift the welfare of farmers across the entire ● The Maharashtra government has recently announced the
state. renaming of Ahmednagar district to Ahilyadevi Nagar in
honor of the 18th-century warrior-queen Ahilyadevi Holkar.
Current Affairs Related to States in India of June ● Madhya Pradesh Chief Minister Shivraj Singh Chouhan
launched the Ladli Behna Yojana 2023, with the first
Arunachal Pradesh installment of Rs 1,000 deposited into the accounts of
● Arunachal Pradesh Police has introduced ‘Arunpol App‘ &
beneficiary women in Jabalpur.
‘e-Vigilance portal’ for safety & security of the citizens of the
state. Maharashtra
● The Maharashtra government has recently launched a new
Assam
financial scheme aimed at providing support to farmers in
● Assam Chief Minister Himanta Biswa Sarma recently
announced the construction of Assam’s first-ever the state. The scheme, known as Namo Shetkari
underwater tunnel, connecting Numaligarh and Gohpur. Mahasanman Yojana, was approved at a Cabinet meeting
This groundbreaking project, estimated to cost Rs 6,000 chaired by Chief Minister Eknath Shinde.
crores, will be the first rail-road tunnel under the ● The Maharashtra state cabinet approved the
Brahmaputra River in northeast India. implementation of the gender-inclusive tourism policy
called “Aai” in an effort to empower women in the tourism
Chhattisgarh industry. The policy will be implemented through the
● TS Singh Deo was appointed Chhattisgarh Deputy Chief
Directorate of Tourism (DoT) and Maharashtra Tourism
Minister by Congress chief Mallikarjun Kharge. Singh
Development Corporation (MTDC).
Deo’s appointment was announced in a review meeting
● The Maharashtra government has recently announced the
held to discuss the upcoming Chhattisgarh Assembly
renaming of Ahmednagar district to Ahilyadevi Nagar.
elections at the Congress headquarters in Delhi.
● The Maharashtra government celebrated Palkhi festival
Himachal Pradesh which is an annual yatra to Pandharpur – the seat of the
● In a significant move to boost the dairy industry, the Chief Hindu god Vithoba in Maharashtra, in honour of the deity.
Minister of Himachal Pradesh recently announced the
establishment of a state-of-the-art milk processing plant in Meghalaya
collaboration with the National Dairy Development Board ● The Meghalaya government has responded to the
(NDDB). With an estimated cost of Rs 250 crore, this demands of the Voice of the People’s Party (VPP) and
ambitious project aims to revolutionize milk production and announced the formation of an expert committee to review
processing in the region. the state’s reservation policy.

92 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Odisha Karnataka
● Raja or Raja Parba or Mithuna Sankranti is a three-day- • Siddaramaiah was sworn in for his second term as the Chief
long festival of womanhood celebrated in Odisha, India. Minister of Karnataka, alongside Deputy CM D K
Telangana Shivakumar and eight politicians as ministers.
● Telangana Formation Day, observed annually on June 2nd Kerala
since 2014, is a state public holiday in Telangana, India. It • Global Ayurveda Festival 2023 in Thiruvananthapuram,
marks the commemoration of the formation of the state of Kerala from Dec 1-5.
Telangana.
• The Higher Education Minister, R. Bindu has officially
● Telangana Chief Minister K Chandrashekhar Rao recently
introduced the Kerala Institutional Ranking Framework
inaugurated the Medha Rail Coach Factory, the largest
(KIRF), which is designed to evaluate the quality of higher
private coach factory in India, located in Kondakal,
education institutions in Kerala.
Shankarpally mandal of Rangareddy district.
• Kerala, the southern state of India, is set to make history by
Uttar Pradesh declaring itself as the country’s first “total e-governed
● The Chief Minister of Uttar Pradesh, Yogi Adityanath, state.” Building upon its reputation as the first fully-literate
made a significant decision to reform the prison system in state in India
the state in June of 2023. During a high-level meeting where
he reviewed the conditions of the current prisons, Madhya Pradesh
Adityanath issued crucial guidelines that emphasised the • Bhopal, the capital of Madhya Pradesh, has become the first
importance of prisoner rehabilitation. city in India to measure its progress towards achieving the
● The Uttar Pradesh Police has recently initiated a Sustainable Development Goals (SDGs).
comprehensive program named ‘Operation Conviction‘ to
Maharashtra
combat criminals and organized crime in the state. This
strategic initiative aims to expedite the conviction process, • Mumbai Coastal Road Project (MCRP) is a Rs 12,721-crore
particularly in cases related to heinous crimes such as rape, initiative by BMC with India's first undersea tunnel. The
murder, cow slaughter, religious conversion, and those 2.07-kilometer twin tunnels connect Marine Drive to the
registered under the POCSO Act. Bandra-Worli Sea Link, running 17-20 meters below sea
● Geographical Indication Registry (Chennai, Tamil Nadu- level.
TN) under the Department of Industry Promotion and • Devendra Fadnavis unveils statue of Chhatrapati Shivaji
Internal Trade (DIPIT), Ministry of Commerce and Industry Maharaj in Mauritius and signs MoU to promote trade
(MoCI), has recognised 7 Handicrafts products from Uttar between Mauritius and Maharashtra, emphasizing
Pradesh with Geographical Indication (GI) Tag. Maharashtra's potential as an industrial and investment
destination in India.
Current Affairs Related to States in India of May • The Maharashtra government, under the leadership of
Assam Chief Minister Eknath Shinde, is set to launch a new
• India's first International Multimodal Logistics Park is being initiative called ‘Shasan Aplya Dari’ (government at your
constructed in Jogighopa, Assam, at a cost of Rs 693.97 doorstep).
crore, with the jetty set to be completed by year-end and • The Eknath Shinde-led Shiv Sena-Bharatiya Janata Party
the entire project expected to be completed in 2023. government named cricket great Sachin Tendulkar as
Maharashtra’s ‘Smile Ambassador’ under the state’s
Goa
‘Swachh Mukh Abhiyan’ to spread awareness about oral
• The smallest state by area, Goa is famous for its beaches
health and hygiene across the state.
and the relics of its colonial past. It got its statehood on May
30, 1987. Meghalaya
Himachal Pradesh • Dawki land port inaugurated in Meghalaya to boost India-
• Himachal Pradesh Cabinet announces Rs 1,500 monthly Bangladesh trade.
incentive for women in Spiti Valley under Indira Gandhi Rajasthan
Mahila Samman Nidhi. • Lithium reserves found in Rajasthan's Degana, could meet
• Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu upto 80% of India's demand.
has informed that a ‘Green Hydrogen’ policy would be
formulated to promote the use of green hydrogen and Tamil Nadu
establish the state as a leading hub for its production. • Tamil Nadu had the highest market borrowings among
• Justice Mamidanna Satya Ratna Sri Ramachandra Rao has Indian states for the third year in a row. During April-
officially become the 28th Chief Justice of the Himachal February FY23, its gross market borrowings through State
Pradesh High Court. Development Loans totaled ₹68,000 crore.

93 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
• The recently inaugurated one of India’s biggest Skywalk and showcase the story of Lord Ram in an entertaining and
bridges, spanning 570 meters in length and 4.2 meters in educational format.
width, was officially opened by Tamil Nadu Chief Minister • Uttar Pradesh approves Pharma Park in Lalitpur district to
MK Stalin. boost industry.
• Uttar Pradesh launches pilot "School Health Program" in
Telangana Lucknow.
• Telangana government launches 'Geetha Karmikula Bhima' • Uttar Pradesh now holds the second position in the country
insurance scheme for toddy tappers, providing financial in terms of having the maximum number of Geographical
assistance to the families of those who die due to accidents Indication (GI)-tagged goods.
during toddy collection.
• Telangana CM lays foundation for Hare Krishna Heritage
Tower in Hyderabad.
• Telangana launches State Robotics Framework to foster
robotics ecosystem.

Uttarakhand
• Chief Minister Pushkar Singh Dhami recently inaugurated
the National Homoeopathic Convention ‘Homeocon 2023’
at Doon University, Dehradun.

Uttar Pradesh
• Uttar Pradesh plans to develop a Disneyland-style theme
park, called "Ramaland," in Ayodhya to promote tourism

Union Territories of India


Union Territories of India of October Union Territories of India of September
Jammu and Kashmir Delhi
● The fourth edition of ‘Nadi Utsav,’ a celebration of India’s
● All 6,650 villages of Jammu and Kashmir have been rich river culture, begins today on September 22nd and will
declared Open Defecation-Free (ODF) Plus Model under continue until September 24th, 2023. Organized by the
the Swachh Bharat Mission. Under the visionary National Mission on Cultural Mapping (NMCM) of IGNCA
leadership of Prime Minister Narendra Modi, Jammu and (Indira Gandhi National Centre for the Arts) in collaboration
Kashmir has achieved a status that extends beyond with the Janapada Sampada Division, this year’s ‘Nadi
Utsav’ promises to be an enlightening and culturally
constructing toilets; it encompasses the management of immersive experience. The event will be hosted in the
greywater and solid waste in each village. vibrant city of Delhi, situated on the banks of the sacred
River Yamuna.

New Appointments: National


New Appointments: National of October
1. 28th Director General (DG) of the Border Roads Organisation (BRO) Raghu Srinivasan
2. Afghanistan Cricket team Mentor Ajay Jadeja
3. Chief Executive Officer (CEO) of PayU India Anirban Mukherjee
4. Reserve Bank of India (RBI) Executive Director (ED) Muneesh Kapur
5. Deloitte Touche Senior Adviser Aditya Puri
6. Chairman and Managing Director (CMD) of General Insurance Corporation of India (GIC Re) Ramaswamy N.
7. New police commissioner of Hyderabad Sandeep Shandilya

94 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
New Appointments: National of September
1. Digital Infrastructure Providers Association (DIPA) as Chairman Dhananjay Joshi
2. CEO of Penguin Random House Nihar Malaviya
3. Reappointment as the Managing Director and Chief Executive Officer (CEO) of HDFC Bank. Sashidhar Jagdishan

Constitutional & Other Posts


Replacing
S.No. Designation/Post Who is appointed
whom
1. First woman Chairperson of the Railway Board Jaya Verma Sinha
2. Chief, to lead the Press Information Bureau (PIB) Manish Desai
3. Principal Director General of Akashvani Dr. Vasudha Gupta
Interim Managing Director and Chief Executive Officer of Kotak Mahindra
4. Dipak Gupta
Bank
5. Chairman and Managing Director of NASSCOM Rajesh Nambiar
6. Principal Chief Operations Manager of Central Railway Shyam Sunder Gupta
7. International Esports Federation committee member Lokesh Suji
8. Secretary in the Department of Telecommunications Neeraj Mittal
9. “W” Brand Ambassador Anushka Sharma
10. Vice-Chairperson of the NASSCOM Sindhu Gangadharan
11. Chairman of Mastercard India Rajnish Kumar
12. Exxon Mobil Brand Ambassador Hrithik Roshan

CEO’S/Chairman of Companies/Organizations/Banks/ Or Appointments


S.No. Designation/Post Who is appointed
1. Swaraj Tractors Mahindra Singh Dhoni
ICICI Lombard General Insurance appointed as new Managing Director and Chief Executive
2. Sanjeev Mantri
Officer (MD & CEO)
3. Uniqlo brand’s first ambassador in India Katrina Kaif
4. Oath of office and secrecy as a Member of the Union Public Service Commission (UPSC). Dr. Dinesh Dasa
5. Chairman of the Press Trust of India’s Board of Directors K.N. Shanth Kumar

New Appointments: National of August


1. Bharat Petroleum Corporation Ltd. (BPCL) as its new brand ambassador Rahul Dravid
2. Part-time Chairperson of the Unique Identification Authority of India Neelkanth Mishra

Constitutional & Other Posts


S.No. Designation/Post Who is appointed
1. 33rd Chief Justice of the Orissa High Court Justice Subhasis Talapatra
IRS officer Sanjay Kumar
2. The Chairman of the Central Board of Indirect Taxes and Customs (CBIC)
Agarwal
3. Chairperson of National Green Tribunal (NGT) Prakash Shrivastava
4. India’s new chargé d’affaires at its high commission in Islamabad, Pakistan Geetika Srivastava
member of the International Mediator Panel of Singapore International Mediation
5. N.V. Ramana
Centre (SIMC)

95 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
CEO’S/Chairman of Companies/Organizations/Banks/ Or Appointments
S.No. Designation/Post Who is appointed
1. Tesla’s new Chief Financial Officer Vaibhav Taneja
Managing Director and Chief Executive Officer for
2. Amit Jhingran
SBI Life Insurance Company Limited
3. Brand ambassador of Pluckk Bollywood actress Kareena Kapoor Khan
Life Insurance Corporation of India (LIC) managing
4. R. Doraiswamy
director
5. SEBI Whole-Time Members Kamlesh Varshney and Amarjeet Singh
Chairman and Managing Director (CMD) of Power
6. Parminder Chopra
Finance Corporation (PFC)
7. Managing Director & CEO of the South Indian Bank PR Seshadri
8. Viacom18 new CEO Kiran Mani
Ketan Shivji Vikamsey, Mrugank Madhukar Paranjape, Rajesh
9. State Bank of India (SBI) appointed four directors
Kumar Dubey and Dharmendra Singh Shekhawat
10. “National icon” of the Election Commission (EC) Sachin Tendulkar
11. Infosys brand ambassador Rafael Nadal and Iga swiatek
New Chairman of Finance Industry Development
12. Mr. Umesh Revankar
Council (FIDC)

New Appointments: National of July


S.No. Chairman-cum-Managing Director of Coal India Limited (CIL), P M Prasad
Kameshwar Rao
1 State Bank of India appoints as Chief Financial Officer
Kodavanti
2 president of the Basketball Federation of India (BFI). Aadhav Arjuna
chairperson of the Research Advisory Committee (RAC) for the ICAR-Indian Institute of Oil
3 B. Neeraja Prabhakar
Palm Research (IIOPR)
4 Asics India Private Limited appoints as its new brand ambassador Shraddha Kapoor
Chairperson of the Research Advisory Committee (RAC) for the ICAR-Indian Institute of Oil
5 B.Neeraja Prabhakar
Palm Research (IIOPR)
6 President of the NAREDCO Delhi Chapter Harshvardhan Bansal

Constitutional & Other Posts


S.No. Designation/Post Who is appointed
Ambassador and Permanent Representative of India to the World Trade
1. Brajendra Navnit’s
Organization (WTO) by nine months
2. Solicitor General of India Tushar Mehta
3. Judges of the Supreme Court Ujjal Bhuyan
4. Judges of the Supreme Court S. Venkatanarayana Bhatti
5. Member in the Board of International Financial Services Centre Authority (IFSCA) Pramod Rao
6. Director General of the Railway Protection Force (RPF) Manoj Yadava
7. 25th Director General (DG) of the Indian Coast Guard (ICG). Rakesh Pal
8. Chief Justice of Telangana High Court Justice Alok Aradhe
9. 38th Chief Justice of the Kerala High Court. , Justice Ashish Jitendra Desai
Justice Devendra Kumar
10. Chief justice of Bombay High Court
Upadhyaya
11. Chief justice of Andhra Pradesh High Court Justice Dhiraj Singh Thakur

96 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
CEO’S/Chairman of Companies/Organizations/Banks/ Or Appointments
S.No. Designation/Post Who is appointed
1. Google government affairs executive in India Sreenivasa Reddy
2. Lloyds Banking Group appoints the chief executive officer and managing director Sirisha Voruganti
3. Financial Planning Standards Board (FPSB) of India appoints as Chief Executive Officer (CEO) Krishan Mishra ,
4. The Reserve Bank of India (RBI) appoints as executive director P. Vasudevan
5. ITC Ltd reappoints Chairman and Managing Director Sanjiv Puri
6. Cement Manufacturers’ Association (CMA) President Neeraj Akhoury
7. Chief at SBI Capital Markets Limited (SBICAPS). Rajay Kumar Sinha
8. Managing Director & CEO of Invest India Ms. Nivruti Rai
9. Tata Motors-owned Jaguar Land Rover (JLR) Chief Executive Officer Adrian Mardell
10. Chairman-elect of the Board of Directors of the International Myeloma Foundation (IMF) S. Vincent Rajkumar
11. Noida Authority Chief Executive Officer (CEO) Lokesh M
12. Chief Executive Officer & Managing Director of Tata Steel T V Narendran
13. Chairman of Asian Paints’ board of directors R Seshasayee
14. Director of the Directorate of Enforcement (ED) SK Mishra

New Appointments: National of June


S.No. Designation/Post Who is appointed
1 Managing Director of Indraprastha Gas Ltd Kamal Kishore Chatiwal
2 Brand ambassador of its Wrangler brand Indian cricketer Smriti Mandhana
Chairperson of the Board of Directors of The Hindu Group Publishing Private
3 Ms. Nirmala Lakshman
Limited
4 Chairman of the Hinduja Group Gopichand Hinduja
5 Director (Personnel) at NHPC Limited India Uttam Lal
6 Brand ambassador of Epson India Rashmika Mandhana
7 Chairman of GIFT City Ltd Hasmukh Adhia
8 DBS Bank India Managing Director and head of institutional banking in India Rajat Verma

Constitutional & Other Posts


S.No. Designation/Post Who is appointed
1. Air Officer-in-Charge Administration Air Marshal Rajesh Kumar Anand
2. Chief of RAW Ravi Sinha
3. Deputy Governor of the Reserve Bank of India Swaminathan Janakiraman
4. Member of the Asian Development Bank’s (ADB) High-level Advisory Group Aalok Kumar
5. Special Director in the Central Bureau of Investigation (CBI) Ajay Bhatnagar (IPS)

CEO’S/Chairman of Companies/Organizations/Banks/ Or Appointments


S.No. Designation/Post Who is appointed
1. Managing Director of Solar Energy Corporation of India Limited (SECI) Ajay Yadav
2. Managing director of UCO Bank Ashwani Kumar
3. Chairman and Managing Director of Steel Authority of India Ltd (SAIL) Amarendu Prakash
97 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
CEO’S/Chairman of Companies/Organizations/Banks/ Or Appointments
S.No. Designation/Post Who is appointed
Managing Director (additional charge) of Mangalore Refinery and Petrochemicals Ltd
4. Sanjay Varma
(MRPL).
5. President of the World Meteorological Organization (WMO) Dr Abdulla Al Mandous
6. Director General of the Geological Survey of India (GSI). Janardan Prasad
7. Director General of the Competition Commission of India Atul Verma
8. Chairman & Managing Director (CMD) of Container Corporation of India (CONCOR) Sanjay Swarup
9. General Manager, General Insurance Corporation of India (GIC Re) N Ramaswamy
10. CMD of National Insurance Company (NIC) M Rajeswari Singh
11. CEO Unique Identification Authority of India Amit Agrawal
12. Director general of the National Testing Agency Subodh Kumar Singh
13. Managing Director and Chief Executive Officer of FMCG major Hindustan Unilever Ltd (HUL) Rohit Jawa

New Appointments: National of May


S.No. Designation/Post Who is appointed
1 Chairman of the Kolkata Port Rathendra Raman
2 Director of the CBI Praveen Sood
3 Deputy Chief of the Air Staff Ashutosh Dixit
4 chairman of Union Public Service Commission (UPSC) Manoj Soni
5 Brand ambassador for Tripura Tourism Sourav Ganguly
6 President of International Basketball Federation Dr K. Govindaraj
7 President of the Swimming Federation of India R.N. Jayaprakash
8 Chairperson of Internet and Mobile Association of India Harsh Jain
9 Member of Union Public Service Commission Ms Suman Sharma

Constitutional & Other Posts


S.No. Designation/Post Who is appointed
1 Justice Prashant Kumar Mishra Chief Justice of India (CJI) DY Chandrachud
2 senior advocate KV Viswanathan Chief Justice of India (CJI) DY Chandrachud
3 India’s representative to International Civil Aviation Organization Angshumali Rastogi
4 Central Vigilance Commissioner Praveen Kumar Srivastava

CEO’S/Chairman of Companies/Organizations/Banks/ Or Appointments


S.No. Designation/Post Who is appointed
1 Managing Director (MD) of Bank of Baroda (BOB Debadatta Chand
2 Managing Director (MD) of the Bank of India (BOI) Rajneesh Karnatak
3 Chairman and Managing Director of Coal India (CIL) Polavarapu Mallikharjuna Prasad
4 Wakefit. co’s brand ambassador Ayushmann Khurrana
5 Chairman and Managing Director (CMD) of Larsen & Toubro (L&T) S N Subrahmanyan
6 Chairman and Managing Director (CMD) of Power Finance Corporation (PFC) Parminder Chopra
7 Global ambassador of GUCCI Alia Bhatt

98 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
CEO’S/Chairman of Companies/Organizations/Banks/ Or Appointments
S.No. Designation/Post Who is appointed
8 Chief Executive Officer & Managing Director of NIIFL Rajiv Dhar
9 Managing Director of PUMA India Karthik Balagopalan
10 CEO of Twitter Linda Yaccarino
11 Duroflex brand ambassador Virat Kohli
12 Paytm President and Chief Operating Officer (COO) Bhavesh Gupta
13 Petroleum and Natural Gas Regulatory Board A K Jain
14 IDBI Bank Deputy Managing Director Jayakumar S. Pillai
15 MD and CEO of Karnataka Bank Srikrishnan Harihara Sarma
16 Confederation of Indian Industry (CII) President R. Dinesh

New Appointments: International


New Appointments: International of July
President/PM/Heads of Countries/Organizations
S.No. Designation/Post Who is Appointed?
1. Russion energy giant Rosneft as its board member Govind Kottis Satish
2. Chairperson of the International Financial Services Centres Authority (IFSCA) K Rajaraman
3. President of the Olympic Council of Asia (OCA) Talal Fahad Al Ahmad Al Sabah

New Appointments: International of June


S
Appointed Position Organisation
No
Indigo
1. Pieter Elbers, Board of Governors of International Air Transport Association (IATA
Makolo
2. Dennis Francis President of 78th session of the UN General Assembly
3. Joseph Tsai CEO of Alibaba Group Holding
4. Ruby Sinha President of BRICS Chamber of Commerce and Industry Women’s Vertical
5. Nutan Roongta Director of the USA East Coast Chapter by the Indian Economic Trade Organization
6. Aarti Holla-Maini Director of the United Nations Office for Outer Space Affairs (UNOOSA)
Haoliang Xu of Under-Secretary-General and Associate Administrator of the United Nations
7.
China Development Programme (UNDP)

New Appointments: International of May


President/PM/Heads of Countries/Organizations
S.No. Designation/Post Who is Appointed?
1 Chief Executive of Vodafone Group Margherita Della Valle
2 14th President of the World Bank Ajay Banga
3 Domestic Policy Advisor in the Biden administration Neera Tandon
4 Ambassador at Large for Global Women’s Issues in US Geeta Rao Gupta

99 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Agreements/Memorandum of Understandings
Agreements/Memorandum of Understandings of ● India and Italy have cemented their defense cooperation
October with the signing of a significant agreement. The agreement,
signed during the official visit of India’s Defense Minister,
● In a groundbreaking development, Indian fintech unicorn Rajnath Singh, to Italy, encompasses various aspects of
Slice has officially confirmed its merger with North East security and defense collaboration.
Small Finance Bank (NESFB). This announcement comes ● Shri Rajnath Singh, the Indian Defence Minister,
following the approval from the Reserve Bank of India concluded his two-nation European tour with a significant
(RBI), marking a rare feat in the financial technology sector. meeting in Paris with the French Minister of Armed Forces,
The collaboration between Slice and NESFB aims to Mr. Sebastien Lecornu. The 5th Annual Defence Dialogue
revolutionize banking services and expand financial between the two ministers was marked by discussions
inclusion in India. spanning various aspects of defense cooperation.
● India and Saudi Arabia have signed a Memorandum of
Understanding (MoU) on securing a green hydrogen
Agreements/Memorandum of Understandings of
supply chain and collaborating on power grid
interconnection. This significant agreement was formalized September
in Riyadh during the MENA Climate Week 2023, with Union ● Navratna Defence PSU Bharat Electronics Limited (BEL)
Minister for Power and New & Renewable Energy, RK
and Israel Aerospace Industries (IAI), Israel’s leading
Singh, representing India and Saudi Minister of Energy, aerospace and defense company, have recently signed a
Abdulaziz bin Salman Al-Saud, representing Saudi Arabia
Memorandum of Understanding (MoU) aimed at
. This MoU sets the stage for multifaceted collaboration in
enhancing cooperation in addressing India’s
the energy sector between the two nations.
requirements in the domain of Short Range Air Defence
● Tyre manufacturer Bridgestone India has announced a
Systems. The Memorandum of Understanding was
significant collaboration with Tata Power to promote
officially signed in Bengaluru.
electric mobility in the country. Under this partnership, Tata
● The Ministry of Skill Development and Entrepreneurship,
Power will install high-capacity DC fast chargers at
the Ministry of Education, and Meta (formerly known as
Bridgestone dealerships across India, making it easier for
Facebook) have teamed together in a three-year alliance in
electric vehicle (EV) owners to recharge their vehicles
a significant move intended to strengthen India’s digital
quickly and conveniently. This initiative represents a major
capabilities. This ground-breaking program, titled
step toward supporting the growing EV ecosystem in India.
● The International Olympic Committee (IOC) with the “Education to Entrepreneurship: Empowering a
Olympic Museum has aligned with Reliance Foundation to Generation of Students, Educators, and Entrepreneurs,”
build on the success of the Olympic Values Education aims to provide aspiring and established business owners
Programme (OVEP) in India and signed a new cooperation with crucial digital marketing knowledge. It is aimed at a
agreement. This agreement underscores the organisations’ mind-boggling 5 lakh people.
shared priority to promote Olympic values through sport ● In a significant stride towards enhancing the quality of
among young people. education and nurturing creativity in classrooms across
India, the Union Ministry of Education has joined forces
with software giant Adobe. This groundbreaking
collaboration seeks to promote creative expression and
digital literacy among students and educators through
the utilization of Adobe Express, an innovative application
developed by Adobe.
● Indian Railways’ Gati Shakti Vishwavidyalaya (GSV)
Vadodara and Airbus, a global aviation giant, have recently
embarked on a strategic collaboration aimed at fortifying
the Indian aviation sector. This partnership, sealed through
a Memorandum of Understanding (MoU) signed at Rail
Bhawan, New Delhi, signifies a significant milestone in
fostering industry-academia alliances to propel India’s
aviation industry to new heights.

100 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● In a significant stride towards advancing skill development ● In a significant development for the Indian power and
and entrepreneurship in India, the prestigious Indian infrastructure sectors, state-run REC Ltd. has entered into
Institute of Management Indore (IIM Indore) has forged a a Memorandum of Understanding (MoU) with Punjab
strategic partnership with the National Skill Development National Bank (PNB) to explore collaborative opportunities
for funding projects in these sectors under a consortium
Corporation (NSDC). This collaborative effort represents a
arrangement. This partnership aims to co-finance loans
shared commitment to fostering excellence and innovation amounting to a substantial ₹55,000 crore over the next
in these crucial domains. three years, according to an official statement released by
● India and Saudi Arabia, two major players in the global REC.
energy landscape, have signed a Memorandum of ● In a significant development, HP has announced a
Understanding (MoU), paving the way for a stronger partnership with Google to manufacture Chromebooks in
partnership between these nations in various aspects of the India, with production set to commence on October 2. This
collaboration aims to make affordable computing devices
energy sector. This historic agreement was signed by Union
accessible to Indian students and support the government’s
Minister for New & Renewable Energy and Power, R. K.
“Make in India” initiative.
Singh, on behalf of India and by Abdulaziz bin Salman Al-
Saud, representing Saudi Arabia. Agreements/Memorandum of Understandings of
● Thomas Cook (India) Limited, India’s leading omnichannel August
forex services company, has entered into a groundbreaking ● On July 31, 2023, a meeting was held between the Minister
partnership with the National Payments Corporation of of State for Agriculture & Farmers Welfare, Sushri Shobha
India (NPCI) to introduce a pioneering RuPay prepaid forex Karandlaje, and the Deputy Prime Minister and Minister for
card tailored for Indian travelers visiting the United Arab Agriculture & Food Industries of Moldova, Mr. Vladimir
Emirates (UAE). This significant technological endeavor is Bolea, at Krishi Bhawan in New Delhi.
being enabled by NPCI Certified Partner, CARD91. ● The Ministry of Railways and the Indian Institute of
Technology Madras (IIT Madras) signed a memorandum of
● In a significant development, the United Nations
understanding ((MoU) to establish the India 5G testbed at
Development Programme (UNDP) India and the National
the Indian Railway Institute of Signal Engineering and
Bank for Agriculture and Rural Development (Nabard) Telecommunications (IRISET) in Secunderabad; the facility
have solidified their commitment to revolutionize Indian would be dedicated to the testing and development of 5G
agriculture through data-driven innovations. Their use cases for Indian Railways.
collaborative effort is aimed at bolstering the agricultural ● The Petroleum and Natural Gas Regulatory Board
and food systems to uplift the livelihoods of smallholder (PNGRB) and the World Bank have joined forces to develop
farmers. a comprehensive roadmap for integrating hydrogen
● The Indian Renewable Energy Development Agency blending in natural gas and establishing the infrastructure
for their transmission through gas pipelines in the country.
(IREDA) has joined forces with Bank of Maharashtra (BoM)
● Travel company MakeMyTrip has announced a
by signing a Memorandum of Understanding (MoU) under collaboration with the Ministry of Tourism to introduce
the administrative control of the Ministry of New and over 600 unique and unconventional travel destinations.
Renewable Energy in the field of renewable energy sector. The company has introduced a specialized microsite
● In a strategic move, Tata Consultancy Services (TCS), a named ‘Traveller’s Map of India‘ to facilitate this initiative.
prominent player in the IT industry, has joined forces with ● The All India Council for Technical Education (AICTE) has
Norway’s national payment and electronic identity system, taken a significant step towards advancing the integration
of Artificial Intelligence (AI) and Data Science (DS) within
BankID BankAxept. This collaboration is set to fortify
the realm of education. Partnering with the renowned Jio
Norway’s financial infrastructure, focusing on resilience, Institute, AICTE has unveiled a comprehensive faculty
security, and availability. development programme aimed at equipping academic
● In a significant move towards revolutionizing the landscape leaders and senior faculty members with an in-depth
of artificial intelligence (AI) applications, Infosys, one of understanding of AI and DS.
India’s leading IT majors, has announced a strategic ● India and Trinidad and Tobago have recently entered into
collaboration with tech giant Microsoft. The partnership a significant partnership by signing a Memorandum of
aims to develop cutting-edge solutions harnessing the Understanding (MoU) to share the renowned INDIA STACK
technology. This collection of open APIs and digital public
combined prowess of Infosys Topaz, Azure OpenAI
goods, pioneered by India, is designed to enhance identity,
Service, and Azure Cognitive Services. This collaborative data, and payment services on a large scale. This move
effort seeks to bring AI capabilities to the forefront of reflects India’s commitment to aiding the digital
enterprise functions across various industries, promising to transformation of nations through collaboration and
enhance productivity and drive new revenue growth. technology sharing.

101 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● In a significant move, India and the ASEAN countries have • Spain’s Navantia, Larsen & Toubro signed a Teaming
come to an agreement to reevaluate their existing free Agreement in the premises of Spanish Embassy on July10,
trade pact for goods. The aim of this review is to address with the purpose of submission of a techno-commercial bid
the existing trade imbalances and disparities between the
for the Indian Navy’s prestigious Project-75 (India)
two parties. The announcement was made by the
submarine program.
Commerce Ministry, indicating the commitment to
enhance bilateral trade relations. • Dell Technologies and Intel have joined forces to establish
● The International Cricket Council (ICC) has made a an artificial intelligence (AI) lab in Telangana institute. The
significant announcement, revealing a thrilling partnership aims to bridge the digital skills gap and
collaboration with Mastercard, which is set to become a empower students at Lords Institute of Engineering &
Global Partner for the upcoming ICC Men’s Cricket World Technology in Telangana by integrating Intel’s ‘AI for
Cup 2023. Scheduled to take place in India from October 5 Youth‘ program into their curriculum. ·
to November 19, 2023, the partnership between
• Max Life Insurance Company Ltd. has announced a
Mastercard and ICC is poised to enhance the cricketing
experience for fans worldwide. strategic partnership with DCB Bank Ltd., a new-
● In a significant step towards elevating the status of football generation private sector bank in India. The collaboration
in Maharashtra, the state government has entered into a aims to provide a diverse range of life insurance products to
memorandum of understanding (MoU) with the renowned DCB Bank’s customers, including term, savings, and
German professional football league, Bundesliga. retirement plans, enabling them to secure their financial
● In a significant move aimed at bolstering collaboration in future and expand their investment portfolio.
the field of civil aviation, the governments of India and
• During Prime Minister Narendra Modi’s visit to the UAE,
New Zealand have recently inked a Memorandum of
India and the UAE agreed to facilitate trade settlement in
Understanding (MoU). The MoU encompasses a wide array
of aspects within the aviation sector, ranging from the their respective currencies and integrate their fast payment
introduction of new flight routes to code share services, systems. The move aims to simplify international financial
traffic rights, and capacity entitlement. interactions and promote bilateral economic cooperation.
● With its efforts to enhance security of the Indian Ocean • A Memorandum of Understanding (MoU) was signed
Region (IOR), especially on the eastern coast of Africa, a between the Ministry of Education and Abu Dhabi
Memorandum of Understanding (MoU) was signed Department of Education and Knowledge (ADEK) and the
between Goa Shipyard Limited (GSL) and Kenya
Indian Institute of Technology Delhi (IIT Delhi) to establish
Shipyards Limited (KSL) to strengthen maritime security
the first IIT Delhi campus in Abu Dhabi. The signing
cooperation between the two nations.
● The National Institution for Transforming India (NITI ceremony took place in the presence of UAE President HE
Aayog), the central think tank responsible for monitoring Sheikh Mohamed Bin Zayed Al Nahyan and Indian Prime
India’s progress towards Sustainable Development Goals Minister Shri Narendra Modi.
(SDGs), and the United Nations Development • On July 15, the Reserve Bank of India (RBI) and the Central
Programme (UNDP) have signed a significant Bank of UAE (CBUAE) signed two Memoranda of
Memorandum of Understanding (MoU) aimed at expediting Understanding (MoUs) aimed at bolstering economic ties
India’s journey towards achieving its SDGs. This
between the two nations. The MoUs focus on promoting
collaboration underscores the commitment to drive
sustainable and inclusive development in the country. the use of local currencies for cross-border transactions
and interlinking their payment systems, including the
Agreements/Memorandum of Understandings of Unified Payments Interface (UPI) with the Instant
July Payment Platform (IPP) of UAE.
• National Anti-Doping Agency (NADA) India and the South • During Prime Minister Narendra Modi’s state visit to
Asia Regional Anti-Doping Organization (SARADO) France, India and France signed a groundbreaking
joined forces through a Memorandum of Understanding agreement that allows Indian tourists to use India’s Unified
(MoU) aimed at strengthening regional cooperation in anti- Payments Interface (UPI) for transactions in rupees.
doping efforts. • Indian Oil, a government-owned enterprise, has signed
• The Department of Administrative Reforms and Public lucrative agreements worth billions with France’s Total
Grievances of India and the Public Service Division of the Energies and Abu Dhabi’s Adnoc. According to the list of
Republic of Singapore recently signed a protocol
agreements released by the Ministry of External Affairs,
document to extend their memorandum of understanding
for five more years until 2028. The MoU encompasses Indian Oil Corporation Limited and Total Energies Gas and
various areas of cooperation aimed at promoting Power Ltd (TotalEnergies) have signed a Head of
administrative reforms, public sector transformation, and Agreement (HoA) to establish a long-term LNG Sale and
capacity building. Purchase agreement (SPA).

102 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
• In a significant gesture of cultural repatriation, the United ● The Government of India and the Asian Development Bank
States handed over 105 trafficked antiquities to India (ADB) have signed a $130 million loan agreement to
during a repatriation ceremony at the Indian Consulate in support initiatives aimed at increasing agricultural
New York. The restitution of these artefacts is a result of an productivity, improving irrigation access, and promoting
agreement made during Prime Minister Narendra Modi’s horticulture agribusinesses in Himachal Pradesh.
state visit to the U.S. last month. ● India and the United Arab Emirates (UAE) have set an
• The collaboration of OPPO India with NITI Aayog’s Atal ambitious target to increase their non-oil bilateral trade
innovation mission established the first ever Atal from the current USD 48 billion to USD 100 billion by 2030.
Tinkering Lab which is based on the PPP model. The decision was reached during the first meeting of the
• Confederation of All India Traders (CAIT) and Meta, the Joint Committee of India-UAE Comprehensive Economic
parent company of Facebook, have announced the Partnership Agreement (CEPA). Both countries aim to
expansion of their ‘WhatsApp Se Wyapaar’ program. The double their non-petroleum trade in the next seven years,
initiative aims to digitally train and upskill 10 million local emphasizing the need to enhance trade cooperation
traders using the WhatsApp Business App, with the goal of beyond the oil sector.
empowering small enterprises across India. This ● The successful launch of the Rohini RH-300 Mk-II sounding
collaboration comes as a continuation of Meta’s rocket from Svalbard, Norway, on November 20, 1997,
commitment to upskill one million traders on the WhatsApp marked a significant milestone in the collaboration
Business App, as announced in June. between the Indian Space Research Organisation (ISRO)
• The Indian government and the Asian Development Bank and Norway’s space agency.
(ADB) have joined hands once again to enhance ● In a significant initiative aimed at supporting and
infrastructure in Bihar. Through a $295-million loan, the empowering ex-servicemen, the Ministry of Defence has
project aims to upgrade approximately 265 km of state partnered with Kotak Mahindra Life Insurance Company
highways in Bihar, incorporating climate and disaster- Ltd. A Memorandum of Understanding (MoU) was signed
resilient designs and road safety measures. between the Directorate General Resettlement (DGR), an
arm of the Ministry of Defence, and Kotak Mahindra Life
Agreements/Memorandum of Understandings of Insurance Company Ltd.
June ● The Government of India and the United Nations have
signed the Government of India – United Nations
● An agreement has been made with the Universal Postal Sustainable Development Cooperation Framework 2023-
Union (UPU) to establish a regional office in New Delhi,
2027 (GoI-UNSDCF). This collaboration between NITI
which will provide development cooperation and technical
Aayog, the government policy think tank, and the UN in
assistance to the region.
India aims to advance India’s sustainable development
● The Second G20 Anti-corruption Working Group
goals.
Meeting, held from May 25 to May 27 in Rishikesh,
● Intel has commited to invest $32.8 billion in Magdeburg,a
Uttarakhand, concluded with productive discussions and
city in Germany for the establishment of two cutting-edge
key agreements. The meeting witnessed the participation
semiconductor facilities. This collaboration, with financial
of delegates from 20 member countries, 10 invitee
support from Berlin, represents the largest foreign
countries, and 9 international organizations.
investment ever made in Germany.
● Equitas Small Finance Bank has entered into a partnership
● The High Commissioner of India to Sri Lanka, Gopal Baglay,
with IBM Consulting to develop and construct a digital
banking platform. This collaboration aims to enhance and the Secretary of the Sri Lankan Ministry of Education,
Equitas’ digital product offerings and service capabilities, as M.N. Ranasinghe, exchanged diplomatic notes regarding
the bank adapts its business for the digital-first generation. the implementation of a digital education project in Sri
● India and the United States have taken a significant step Lanka’s Galle District.
towards deepening cooperation in high-tech trade and ● The United Nations Development Programme (UNDP)
technology partnership. During the inaugural meeting of and the Deendayal Antyodaya Yojana-National Urban
the India-US Strategic Trade Dialogue (IUSSTD) held in Livelihoods Mission (DAY-NULM) have joined forces in a
Washington D.C., the two nations agreed to establish a collaborative partnership aimed at empowering women
monitoring group to review and monitor the progress of and enabling them to make informed career choices in the
their collaborative efforts. field of entrepreneurship.
● A Memorandum of Understanding (MoU) was signed ● In a significant development during Prime Minister
between Indian Institute of Corporate Affairs (IICA) and Narendra Modi’s state visit to the United States, General
Rashtriya Raksha University (RRU). The MoU intends to Electric (GE) Aerospace has signed a Memorandum of
synergise the professional capabilities of IICA and RRU Understanding (MoU) with Hindustan Aeronautics
towards capacity building, education, research and Limited (HAL), a state-run Indian aerospace company. The
consulting in the domain of Internal Security, Financial MoU paves the way for the joint production of fighter jet
Crimes, Law Enforcement, Corporate Frauds and other engines for the Indian Air Force (IAF) and signifies a new era
subject matters common to their mandate and objectives. in the India-US partnership.

103 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The Ministry of Railways in India has entered into an resources and promote sustainable farming practices to
agreement with the US Agency for International convert 150 villages into model villages through Israeli
Development (USAID) to accelerate the progress of eco- technical support on key agri-technologies.
friendly energy solutions and encourage the use of electric
vehicles. The memorandum of understanding (MoU) aims
Agreements/Memorandum of Understandings of
to foster cooperation in renewable energy and energy May
efficiency. • NTPC signed a deal with NPCIL to develop nuclear power
● Paytm Payment Services Limited (PPSL) entered into a projects in India for clean energy.
memorandum of understanding (MoU) with Arunachal • India and Israel signed a MoU on industrial R&D
Pradesh Innovation and Investment Park (APIIP) to cooperation, says the Ministry of Science & Technology.
establish a thriving startup ecosystem for the youth in the • MakeMyTrip partners with Microsoft for voice-assisted
northeastern state. The partnership aims to nurture booking in Indian languages.
entrepreneurship and encourage young business ventures • Ayush Ministry and ICMR collaborate on integrative health
during their early stages of development. research.
● Infosys and Danske Bank have entered into a long-term • The Union Cabinet, signed MoU between the Institute of
collaboration aimed at accelerating the bank's digital Chartered Accountants of India (ICAI) and The Chartered
transformation goals. The collaboration, valued at $454 Accountants of the Maldives (CA Maldives).
million for an initial 5-year period. • The Indian Institute of Technology (IIT) Madras has entered
● Micron Technology Inc, a US-based semiconductor into a partnership with Israel to establish the ‘India-Israel
manufacturer, has signed a Memorandum of Center of Water Technology’ (CoWT).
Understanding (MoU) with the Gujarat government to set • In a significant development highlighting the strengthening
up a state-of-the-art semiconductor unit in Sanand, near ties between India and Australia, the two nations signed
Ahmedabad. The project, valued at Rs 22,500 crore, marks crucial agreements on migration and mobility partnership,
a significant milestone in India’s journey towards self- as well as on the establishment of a Green Hydrogen task
reliance in memory chip manufacturing. force.
● India and Israel are forging a robust partnership in the field • The Government of Goa and the Government of
of agriculture, focusing on advanced technological Uttarakhand have come together and signed a
solutions. Through collaborative efforts, both countries aim Memorandum of Understanding (MoU) to enhance the
to enhance agricultural productivity, conserve water tourism landscape of both Goa and Uttarakhand.

Banking Current Affairs


Banking Current Affairs of October
S.No. Bank Name Purpose
State Bank of India (SBI) has introduced the ‘Mobile Handheld Device‘ for its Financial Inclusion (FI)
State Bank of
1. customers. This pioneering initiative, unveiled by the Chairman of SBI, Shri Dinesh Khara, seeks to
India (SBI)
empower financial inclusion and extend essential banking services to the masses.
State Bank of Centre has decided to extend the tenure of Mr. Dinesh Khara as the Chairman of the State Bank of India
2.
India (SBI), the nation’s largest lender, until August of the following year.
To support the Indian government’s Digital India initiative, the State Bank of India (SBI) introduced a
State Bank of
3. new card called NAV-eCash on the Indian Navy’s aircraft carrier, INS Vikramaditya. The launch took
India
place on October 1, 2021, at Karwar.
YES Bank, a prominent financial institution in India, has taken a significant leap forward in the digital
4. YES Bank
commerce space by introducing the ONDC Network Gift Card.
Outlook Group is excited to announce the launch of its highly anticipated retirement planning event,
IDFC FIRST
5. “40After40,” in association with IDFC FIRST Bank. This two-day event and expo will take place at the Jio
Bank
World Convention Centre in Mumbai on January 23-24, 2024.
Bank of Bank of Baroda’s board approved a plan to raise up to Rs 10,000 crore through long-term bonds. These
6.
Baroda’s funds will be used to support infrastructure development and affordable housing

104 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Current Affairs related to Regulatory authorities
S.No. Name Purpose
Reserve The Reserve Bank of India (RBI) has taken a significant step by forming an external working group (WG)
1. Bank of India to address the expected credit loss (ECL) framework for loan loss provisioning. This initiative aims to
(RBI) gather independent insights into the intricacies of this substantial shift in the banking sector.
Reserve Bank of India (RBI) underscored the significance of addressing high inflation to maintain
Reserve
macroeconomic stability and sustainable growth. RBI Governor Shaktikanta Das emphasized the central
2. Bank of India
bank’s commitment to achieving a durable 4% inflation target while keeping benchmark interest rates
(RBI)
unchanged for the fourth consecutive meeting.
Reserve
The Reserve Bank of India (RBI) has made an important announcement regarding gold loans offered by
3. Bank of India
urban cooperative banks (UCBs).
(RBI)
The Reserve Bank of India (RBI) has taken a significant step to address supervisory concerns by ordering
Reserve
4. Bank of Baroda (BoB) to immediately halt the onboarding of new customers onto their mobile app, ‘bob
Bank of India
World‘.
Reserve The Reserve Bank of India (RBI) imposed a significant fine of ₹5.39 crore on Paytm Payments Bank,
5.
Bank of India highlighting various instances of non-compliance with the RBI’s guidelines.
Reserve The Reserve Bank of India (RBI) has recently taken a significant regulatory action by canceling the
6.
Bank of India Certificate of Registration of Chennai-based Ind Bank Housing Ltd.
Other Important Banking Related Current Affairs ● In a meeting with the Export Promotion Councils, the
● In a recent announcement, the government has decided to Union Minister of Commerce & Industry, Consumer Affairs,
keep the interest rate on General Provident Fund (GPF) Food & Public Distribution and Textiles Shri Piyush Goyal
savings unchanged at 7.1% for the October-December unveiled a significant initiative to issue system-based
quarter. This marks the 15th successive quarter where the automatic ‘Status Holder’ certificates under the Foreign
government has maintained the status quo, ensuring Trade Policy (FTP) 2023. This transformative step not only
stability for government employees’ retirement savings. reduces compliance burden and promotes ease of doing
● The Insurance Regulatory and Development Authority of business but also underscores the importance of
India (IRDAI) has announced its ambitious plan to deploy government collaboration.
‘Bima Vahaks’ in every Gram Panchayat across the country ● The Securities and Exchange Board of India (SEBI) has
by December 31, 2024. launched an investigation into the relationship between the
● The Ministry of Statistics and Programme Adani Group, a prominent Indian conglomerate, and the
Implementation (MoSPI) released its quarterly bulletin of Gulf Asia Trade & Investment fund based in the British
the Periodic Labour Force Survey (PLFS), shedding light Virgin Islands.
on the urban unemployment situation in India during the ● Bharti Group has announced its acquisition of French
first quarter of the fiscal year. In the April-June quarter of insurer AXA’s 49% stake in Bharti AXA Life Insurance Co.
this fiscal year, the urban unemployment rate in India This move marks the consolidation of a venture that was
dropped to 6.6%. jointly run for nearly two decades.

Banking Current Affairs of September


S.No. Bank Name Purpose
Punjab
Become the first public sector bank to facilitate effortless credit availability for Micro, Small, and Medium
1. National
Enterprises (MSMEs) via GST invoices.
Bank
Announced a significant development in the digital currency space by launching UPI interoperability on
2. YES Bank
the Reserve Bank of India (RBI) Central Bank Digital Currency (CBDC) app.
New Delhi – The State Bank of India (SBI) has taken a significant leap in the world of digital currency by
The State
3. announcing the successful implementation of Unified Payments Interface (UPI) interoperability with its
Bank of India
Central Bank Digital Currency (CBDC), also known as the Digital Rupee.
State Bank of Has taken a significant step in enhancing the commuting experience and promoting digital payment
4.
India adoption with the launch of the ‘Nation First Transit Card.’
ICICI Bank has announced that it has secured approval from the Reserve Bank of India (RBI) to convert I-
5. ICICI Bank Process Services (India) Pvt Ltd (I-Process) into a wholly-owned subsidiary, subject to specific conditions,
according to the Bank’s latest regulatory disclosure.

105 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Bank
S.No. Purpose
Name
ICICI Bank, the country’s second-largest private sector bank, has announced that it has received approval
from the Reserve Bank of India (RBI) for the re-appointment of Sandeep Bakhshi as the Managing Director
1. ICICI Bank
and Chief Executive Officer (MD and CEO) of the bank. This approval comes as a crucial step in ensuring the
stability and leadership continuity of the bank.
BriskPe, a pioneering cross-border payments FinTech company, has teamed up with YES BANK to introduce
2. YES BANK
“BriskPe A2A,” a cutting-edge suite of solutions designed to empower exporters and importers.
Indian Indian Bank has introduced a new initiative called ‘IB SAATHI’ (Sustainable Access and Aligning Technology
3.
Bank for Holistic Inclusion) to bolster its financial inclusion efforts.
Dhanlaxmi Dhanlaxmi Bank Ltd.’s independent director Sridhar Kalyanasundaram has resigned from the board with
4.
Bank Ltd effect Sept. 16., citing “factionalism” to “unethical” business conduct.
State In a groundbreaking move, the State Bank of India (SBI), the country’s largest lender, has launched a cutting-
5. Bank of edge digital platform for Non-Resident Indians (NRIs) to seamlessly open NRE (Non-Residential External)
India (SBI), and NRO (Non-Resident Ordinary) savings and current accounts.
In a strategic move to cater to the evolving needs of Indian Micro, Small, and Medium Enterprises (MSMEs),
6. Axis Bank
Axis Bank has recently unveiled its groundbreaking Transaction Banking platform, ‘NEO for Business.’

Current Affairs related to Regulatory authorities


S.No. Name Purpose
Reserve Bank In July 2023, India witnessed a significant surge in bank credit outstanding to the real estate sector,
1.
of India (RBI) reaching an all-time high of Rs 28 trillion, as per data released by the Reserve Bank of India (RBI).
The Reserve Bank of India (RBI) has announced a significant expansion of the Unified Payments Interface
The Reserve
(UPI) System, allowing users to transact with pre-sanctioned credit lines issued by banks. This move
2. Bank of India
marks a major development in India’s digital payment landscape, enabling greater financial flexibility
(RBI)
and convenience for consumers.
The Bank for International Settlements (BIS) and the Reserve Bank of India (RBI) have recently unveiled
Reserve Bank the winners of the G20 TechSprint 2023 challenge in a prestigious award ceremony held in Mumbai. This
3.
of India (RBI) initiative, launched by the RBI last May under India’s G20 presidency, sought to foster innovative
solutions that enhance cross-border payments.
The Reserve Bank of India (RBI) is gearing up to launch a pilot program for the Central Bank Digital
Reserve Bank
4. Currency (CBDC), commonly referred to as the Digital Rupee. This initiative is expected to facilitate
of India (RBI)
interbank transactions, specifically in the call money market, and is set to kick off around October.
The Reserve Bank of India (RBI) has issued guidelines for banks, non-banking financial companies
(NBFCs) and other regulated entities to address the issues faced by the borrowers and towards
Reserve Bank promoting responsible lending conduct among such entities. The REs shall release all the original
5.
of India (RBI) movable / immovable property documents and remove charges registered with any registry within a
period of 30 days after full repayment/ settlement of the loan account. In case where the delay is
attributable to the RE, it shall compensate the borrower at the rate of ₹5,000/- for each day of delay.
Reserve Bank The Reserve Bank of India (RBI) has disclosed that as of March 2023, the circulation of the E-rupee, India’s
6.
of India (RBI) Central Bank Digital Currency (CBDC), has reached ₹16.39 crore.
The Reserve Bank of India (RBI) recently announced significant developments in its guidelines
Reserve Bank concerning wilful defaulters and large defaulters. These developments include broadening the scope of
7.
of India (RBI) the definition and mandating lenders to finalize the identification and classification of borrowers as wilful
defaulters within six months of loans turning bad.
Reserve Bank of India (RBI) has imposed penalties on three prominent state-owned banks, State Bank
Reserve Bank of India (SBI), Indian Bank and Punjab & Sind Bank, for their non-compliance with various regulatory
8.
of India norms. These penalties serve as a stern reminder of the importance of adherence to banking regulations
and directives issued by the RBI.
Reserve Bank Central government has granted a one-year extension to M Rajeshwar Rao’s term as Deputy Governor
9.
of India (RBI) of the Reserve Bank of India (RBI).
Significant step by cancelling the license of The Kapol Co-operative Bank Limited, a Mumbai-based
Reserve Bank cooperative bank. This decision was made primarily due to concerns regarding the bank’s inadequate
10.
of India (RBI) capital and earning prospects, which raised questions about its ability to fulfill its commitments to
depositors.

106 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Current Affairs related to Regulatory authorities
S.No. Name Purpose
The Reserve Bank of India (RBI) has granted its approval for Poonawalla Fincorp’s collaboration with
Reserve Bank
11. IndusInd Bank to issue a co-branded credit card. This initiative is expected to have a profound impact on
of India (RBI)
the financial landscape in India.
The Reserve Bank of India (RBI), in its ongoing commitment to maintain the integrity and adherence to
Reserve Bank banking regulations, has imposed monetary penalties on three co-operative banks. These banks, namely
12.
of India (RBI) Saraswat Co-operative Bank Limited, Bassein Catholic Co-operative Bank Ltd, and Rajkot Nagarik
Sahakari Bank Ltd, were found to have deficiencies in regulatory compliance.
Other Important Banking Related Current Affairs ● In a significant move aimed at enhancing convenience and
accessibility for users, the National Payments Corporation
● The Unified Payments Interface (UPI) in India has
of India (NPCI) unveiled two conversational payments
achieved a significant milestone by surpassing 10 billion
initiatives during the Global Fintech Fest. These initiatives,
monthly transactions in August. This achievement was
‘Hello UPI’ and ‘Bharat BillPay Connect,’ mark a
confirmed by the National Payments Corporation of India
significant step forward in facilitating seamless digital
(NPCI), the Reserve Bank’s non-profit agency. UPI has been
transactions through natural language conversations.
a key driver of digital payments in India, and its rapid growth
● In a significant move aimed at enhancing India’s digital
is noteworthy.
payment ecosystem, RBI Governor Shaktikanta Das
● Bajaj Auto’s subsidiary, Bajaj Auto Consumer Finance, has
unveiled a slew of new UPI (Unified Payments Interface)
received regulatory approval from the Reserve Bank of India
features developed by the National Payments
(RBI) to commence its non-banking financial institution
(NBFC) operations. This significant development allows the Corporation of India (NPCI). These introduced features are
company to expand its financial services without accepting set to revolutionize the way Indians transact and manage
public deposits. their finances.
● Karnam Sekar, Chairman of the National Asset ● The National Payments Corporation of India (NPCI) has
Reconstruction Company of India (NARCL) tendered his introduced a groundbreaking contactless payment
resignation due to disagreements concerning the wearable ring known as the ‘OTG Ring.’ This innovative
institution’s structure and operations. This resignation device has been developed in collaboration with the Indian
follows a proposal for merging NARCL with India Debt fintech startup LivQuik. Let’s delve into the details of this
Resolution Company Ltd (IDRCL). exciting development.
● The Pension Fund Regulatory and Development ● Cashfree Payments, a prominent player in the payments
Authority (PFRDA) Chairman, Deepak Mohanty, recently and API banking solutions sector, has joined forces with the
made a significant announcement that the combined Asset National Payments Corporation of India (NPCI) to unveil a
Under Management (AUM) of the National Pension groundbreaking solution called ‘AutoPay on QR.’ This
System (NPS) and Atal Pension Yojana (APY) has crossed innovative offering is poised to empower subscription-
an impressive figure of Rs 10 lakh crore. This remarkable based businesses, boosting their customer acquisition,
feat signifies the rapid growth and increasing popularity retention, and overall growth prospects.
of these pension schemes. ● Small Industries Development Bank of India (SIDBI), a
● SBI Card, India’s largest pure-play credit card issuer, has key player in SME loan refinancing, has unveiled plans to
introduced the ‘SimplySAVE Merchant SBI Card‘, a raise Rs 10,000 crore through a rights issue in the upcoming
specialized credit card tailored for micro, small, and fiscal year. This strategic move is aimed at bolstering its
medium enterprises (MSMEs). equity capital as the institution anticipates an expansion of
● SBI Card, India’s largest credit card issuer, launched new its assets, targeting Rs 5 lakh crore by March 2024 from its
features of its super-premium card ‘AURUM’, targeted at current standing at approximately Rs 4 lakh crore as of
the premium section of society, such as high-net-worth March 2023.
individuals. With the enhancements, AURUM cardholders ● In a significant development, the Finance Ministry has
will be able to avail benefits worth up to Rs 2 lakh annually, granted approval for a range of welfare measures aimed at
based on their spending. The card offers unlimited benefiting both Life Insurance Corporation of India (LIC)
international lounge access to cardholders, as well as four agents and its employees. These measures, which have
international lounge visits for accompanying guests. In been approved today, are expected to bring substantial
addition, the card also offers a one-year Club Marriott advantages to the vast LIC workforce comprising over 13
membership as a welcome gift. lakh agents and more than one lakh regular employees.

107 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● ACKO, a leading insurance company, has unveiled its latest ● Insurance has always been a vital aspect of financial
health insurance offering called the “ACKO Platinum security, offering individuals and families a safety net during
Health Plan.” This comprehensive plan boasts several unforeseen circumstances. Recognizing the importance of
notable features, including 100% bill payment, no room rent extending insurance coverage to every corner of India, the
capping, and zero waiting periods. Insurance Regulatory and Development Authority of
● The Afghani, the currency of conflict-ridden Afghanistan, India (IRDAI) has introduced ‘Bima Vistaar’.
has taken the financial world by surprise by emerging as the ● In a significant move, the Asian Development Bank (ADB)
best-performing currency of the September quarter in has recently endorsed capital management reforms,
2023. This unexpected surge is attributed to a combination unleashing a substantial $100 billion fund over the next ten
of factors, including massive dollar inflow in the form of years. These reforms, integrated into ADB’s updated
humanitarian aid and currency control measures imposed Capital Adequacy Framework (CAF), mark a vital step in
by the ruling Taliban. As of September 26th, the Afghani addressing the multifaceted crises and climate challenges
was trading at approximately 78.25 against the US dollar. faced by Asia and the Pacific region.

Banking Current Affairs of August


S.No. Bank Name Purpose
Reported its financial results for the April-June quarter of 2023-24. The bank achieved its highest-ever
State Bank of
1. quarterly profit at ₹ 16,884 crore, representing a significant jump from ₹ 6,068 crore in the same period
India (SBI),
the previous year.
In the fiscal year 2023, Sashidhar Jagdidhan, the CEO of HDFC Bank has taken the top spot as the highest
2. HDFC Bank paid bank CEO. With an overall package of Rs.10.55 crore, Jagdishan’s compensation stands out among
his peers in the banking sector.
India’s first payment bank, Airtel Payment Bank also became the first Indian Bank to launch an eco-
Airtel
friendly debit card for its new and existing customers with a savings bank account. The debit cards will
3. Payment
be crafted from recycle- Poly Vinyl Chloride (r-PVC) material, a certified eco-friendly material, against
Bank
normal PVC cards.
AU Small AU Small Finance Bank, the largest small finance bank in India, has taken a remarkable step forward in
4.
Finance Bank customer service with the launch of their innovative 24×7 video banking platform.
unveiled a specialized savings account aimed at pensioners and those nearing retirement, designed to
5. Canara Bank provide an array of benefits catering to their unique financial needs. This new offering, known as Canara
Jeevan Dhara, extends its advantages to retirees who’ve opted for voluntary or regular retirement.
In a significant partnership, Axis Bank has joined forces with the Reserve Bank Innovation Hub (RBIH),
a subsidiary of the Reserve Bank of India (RBI), to introduce two groundbreaking lending products.
6. Axis Bank
These products are powered by the Public Tech Platform for Frictionless Credit (PTPFC), a pioneering
initiative launched by RBIH.
Canara Bank, a leading player in the Indian banking sector, has taken a monumental step by introducing
the UPI interoperable digital rupee mobile application. This move places Canara Bank at the forefront
7. Canara Bank
of innovation, becoming the first bank across both the public and commercial sectors to offer this
pioneering feature.
In a significant leap forward for India’s digital banking landscape, YES BANK has introduced its
groundbreaking mobile banking app, IRIS by YES BANK. This innovative app is poised to redefine the
8. YES BANK
way customers engage with their financial institutions, offering an unparalleled combination of
convenience, efficiency, and personalization.
HDFC Bank, India’s leading private sector bank, has partnered with Marriott Bonvoy, the acclaimed
9. HDFC Bank
travel program by Marriott International, to unveil the ‘Marriott Bonvoy HDFC Bank Credit Card‘.
Airtel Mastercard Center and Frontier Markets, has introduced a transformative initiative named She Leads
10. Payments Bharat:Udyam. This initiative is designed to uplift 100,000 women-owned small businesses by providing
Bank them with opportunities to learn and earn.
State Bank of Taken a significant step towards enhancing financial inclusivity and social welfare by introducing an
11.
India innovative Customer Service Points (CSP) functionality.
Indian Cricket Board announced that the IDFC First Bank has grabbed the title rights for home
IDFC First
12. international series of the Board of Control for Cricket in India (BCCI) for three years. The IDFC First
Bank
Bank will provide a sum of Rs.4.2 crore per international match.

108 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
S.No. Bank Name Purpose
Taken a groundbreaking step by launching the ‘Infinity Savings Account.’ This innovative savings
13. Axis Bank account variant is designed to cater to the needs of digitally savvy customers who are avid users of
subscription-based services.
Bandhan In a significant development, Bandhan Bank has been granted authorization by the Reserve Bank of
14.
Bank India (RBI) to serve as an authorized pension disbursement bank.

Current Affairs related to Regulatory authorities


S.No. Name Purpose
In the fiscal year 2022-2023 (FY23), digital payments in India experienced remarkable growth, as indicated
by the Reserve Bank of India (RBI) Digital Payments Index (RBI-DPI). The RBI-DPI, a comprehensive
Reserve
measure of payment digitization, displayed a substantial increase across all parameters during this period,
1. Bank of
driven by significant advancements in payment infrastructure and performance across the country. The
India (RBI)
index for March 2023 recorded a value of 395.58, marking a 13.24% growth compared to September 2022
(377.46), as announced on January 31, 2023.
Reserve Imposed late submission fees amounting to ₹2,000 crore on four major public sector undertakings namely,
2. Bank of ONGC Videsh Ltd, Indian Oil Corp. Ltd, GAIL (India) Ltd, and Oil India Ltd for failing to promptly report
India (RBI) their overseas investments.
The Reserve Bank of India (RBI) has taken stringent action by imposing monetary penalties totaling Rs4.20
Reserve
lakh on four co-operative banks. These banks – Vita Urban Cooperative Bank Ltd, Shri Vinayak Sahakari
3. Bank of
Bank Ltd, Shreeji Bhatia Cooperative Bank Ltd, and Mizoram Urban Cooperative Development Bank Ltd
India (RBI)
– have been found to be in breach of various regulations set forth by the central banking authority.
Reserve In a significant move aimed at enhancing transparency and consumer protection in the home loan sector,
4. Bank of the Reserve Bank of India (RBI) has introduced a comprehensive set of reforms pertaining to floating rate
India (RBI) home loans.
Reserve The Reserve Bank of India (RBI) is taking a significant step towards bolstering its regulatory supervision
5. Bank of over banks and Non-Banking Financial Companies (NBFCs) through the integration of artificial
India (RBI) intelligence (AI) and machine learning (ML) technologies.
The Reserve Bank of India (RBI) has unveiled a groundbreaking solution for individuals seeking their
Reserve
unclaimed deposits. Named the UDGAM (Unclaimed Deposits – Gateway to Access Information) portal,
6. Bank of
this centralized web platform is designed to simplify the process of locating unclaimed deposits across
India (RBI)
various banks.
Reserve
Introduced updated guidelines for Infrastructure Debt Fund-Non-Banking Financial Companies (IDF-
7. Bank of
NBFCs).
India (RBI)
Reserve Reserve Bank of India (RBI) has made changes to the offline payment transaction regulations, aiming to
8. Bank of enhance user convenience and digital payment adoption. The central bank has decided to increase the
India (RBI) upper limit of offline payment transactions from ₹200 to ₹500, with immediate effect.
Reserve Granted its approval for the amalgamation of Akola Merchant Co-operative Bank with The Jalgaon
9. Bank of Peoples Co-operative Bank. This strategic move is set to be enacted from August 28, as announced by the
India (RBI) central bank.

Other Important Banking Related Current Affairs 15,306 crore, during the corresponding April-June period in
● Kiwi, a fintech company specializing in enabling credit on the prior fiscal year.
UPI, has partnered with Axis Bank to introduce a lifetime ● In a move to provide enhanced financial security and stable
free Axis Bank KWIK credit cards through its app. income to its policyholders, IndiaFirst Life Insurance
● The public sector banks (PSBs) have registered an Company has recently launched a groundbreaking
impressive profit of over Rs 34,774 crore in the first quarter insurance product – the Guarantee of Life Dreams
of June 2023 showcasing a substantial increase that more (G.O.L.D.) Plan. This non-linked and non-participating
than doubles their previous earnings. As per the quarterly insurance plan is designed to offer regular, long-term
data published by public sector banks, the collective profit income to policyholders to ensure a prosperous and worry-
reported by the 12 state-owned banks amounted to Rs free future.
109 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● As per a Finance Ministry report, both state-owned banks ● Life Insurance Corporation (LIC) has announced its
and leading private banks have garnered more than acquisition of a 6.7% stake in Jio Financial Services (JFSL),
₹21,000 crore in fees primarily from account holders failing a non-banking financial services unit that emerged from the
to maintain the minimum balance. Charges amounting to conglomerate helmed by Mukesh Ambani – Reliance
over ₹35,000 crore have been amassed since 2018 due to Industries. The acquisition, carried out through a demerger
reasons such as non-compliance with minimum balance action by Reliance Industries, is poised to have a notable
requirements, additional ATM transactions, and SMS impact on both entities and the broader financial markets.
services. ● After a four-year interval, standalone Microfinance
● The National Payments Corporation of India (NPCI) has Institutions (MFIs) have reclaimed their dominant position
introduced the third edition of its UPI Safety Awareness
in microlending, surpassing banks. This resurgence is
Campaign named “UPI Chalega.” Collaborating with key
attributed to their recovery from pandemic-induced
stakeholders in the payments ecosystem, the campaign
setbacks and strategic efforts, with standalone MFIs now
aims to emphasize the ease, safety, and swiftness of using
the Unified Payments Interface (UPI) for transactions. holding a 40% share of microfinance loans in the country.

Banking Current Affairs of July


S.No. Bank Name Purpose
IDFC First Bank Announced their merger plans, with a share exchange ratio of 155 equity shares of IDFC First Bank for
1.
and IDFC Ltd every 100 equity shares of IDFC.
State Bank of
2. Announced the appointment of Kameshwar Rao Kodavanti as its Chief Financial Officer (CFO).
India
State Bank of
3. 68th foundation day on 1st July
India (SBI)
Punjab
4. National Bank Announced the launch of PNB Metaverse, a virtual branch that offers a unique banking experience.
(PNB)
National Announced the operationalization of the ₹10,000-crore Urban Infrastructure Development Fund
5.
Housing Bank (UIDF), as outlined in this year’s Budget.
Punjab
Announced the launch of UPI 123PAY, an IVR-based UPI solution. This offering is in line with the
6. National Bank
Digital Payment Vision 2025, aiming to propel India towards a cashless and cardless society.
(PNB)
Utkarsh Small Utkarsh Small Finance Bank IPO will begin accepting subscriptions this week. Having a presence
7.
Finance Bank across all of India, Utkarsh Small Finance Bank is one of the top small finance institutions.
8. HDFC Bank Achieved a significant milestone by entering the $100 billion market-capitalization club.
Additional Tier-1 (AT-1) bonds worth Rs. 10,000 crore at the coupon rate of 8.1% recently issued by the
State Bank of
9. State Bank of India (SBI). But the issue did not get a good response by the subscribers as only Rs.3,100
India (SBI)
crore worth of bonds were subscribed.
Announced revised interest rates for fixed deposits (FDs) under ₹2 crore, effective from April 1st, 2023.
10. IDBI Bank The bank has launched the “Amrit Mahotsav FD” scheme, offering attractive returns for both elderly
individuals and the general public.
Achieved a significant milestone by surpassing Tata Consultancy Services (TCS) to become the
11. HDFC Bank second most valuable company in India based on market capitalization. The recent merger of its
parent company HDFC into itself further bolstered the bank’s position.
Canara Bank has once again emerged as the leading public sector bank in lending to state-owned
12. Canara Bank
corporations and Public Sector Undertakings (PSUs) for the fifth consecutive year.
Swiggy, a popular food delivery platform, has collaborated with HDFC Bank to launch a co-branded
13. HDFC Bank credit card. This move follows the trend of various ecommerce platforms partnering with banks to
introduce similar credit cards.
In 2023, HDFC Bank, India’s largest private lender, achieved a significant milestone by overtaking State
Bank of India (SBI) to secure the top spot in CRISIL’s Greenwich market share Leaders in Large
14. HDFC Bank Corporate Banking. The report by Coalition Greenwich, a division of CRISIL, highlights the changing
dynamics in India’s corporate banking landscape, with larger private and foreign banks gaining traction
at the expense of smaller banks, including public sector banks.

110 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Current Affairs related to Regulatory authorities
S.No. Name Purpose
Reserve Bank Introduced the Centralised Information Management System (CIMS) to revolutionize its data handling,
1.
of India (RBI) analysis, and governance.
The Reserve
Unveiled a draft regulation that grants debit, credit, and prepaid cardholders the authority to select their
2. Bank of India
desired card network, marking a potentially revolutionary development on a global scale.
(RBI)
The Reserve Set to implement interoperability between its central bank digital currency (CBDC) and the Unified
3. Bank of India Payments Interface (UPI) by the end of this month, according to Deputy Governor T. Rabi Sankar. This
(RBI) move will allow customers to use UPI QR codes for transactions using digital currency.
Reserve Bank Announced the cancellation of registration for four non-banking finance companies (NBFCs) and the
4.
of India (RBI) surrender of licenses by 11 other entities.
Outlined the significant growth targets India must achieve over the next 25 years to become a developed
Reserve Bank
5. economy with high per capita income. Currently estimated at $2,500, India’s per capita income needs to
of India
surpass $21,664 by 2047, as per World Bank standards, to be classified as a high-income country.
Set to introduce a standard operating procedure (SOP) to enable banks to expedite the issuance of
Reserve Bank Foreign Inward Remittance Certificates (FIRC) and Electronic Bank Realization Certificates (e-BRCs).
6.
of India (RBI) This proactive step comes in response to the challenges faced by exporters using the rupee-based
trading mechanism for foreign trade.
Reserve Bank Sberbank’s branch in India has been granted permission by the Reserve Bank of India (RBI) to set up
7.
of India (RBI) an IT unit in Bengaluru.
The Reserve Bank of India (RBI) has announced the next auction of Treasury bills and state development
Reserve Bank loans (SDLs) with attractive yields for various maturities. The T-bill yields for three-month, six-month,
8.
of India (RBI) and 364-day maturities are set at 6.71 per cent, 6.83 per cent, and 6.86 per cent, respectively. The auction
will see the participation of 11 states, including Punjab, Rajasthan, West Bengal, and others.
Reserve Bank of India (RBI) has announced the addition of “NongHyup Bank” to the Second Schedule
Reserve Bank of the RBI Act, 1934. This significant move marks a pivotal moment for NongHyup Bank, which hails
9.
of India (RBI) from Jung-gu, Seoul, South Korea, and has been actively operating in India since its establishment in
2016.
In the fiscal year ending March 2023, Indian banks wrote off bad loans amounting to Rs 2.09 lakh crore,
Reserve Bank
10. bringing the total loan write-off by the banking sector to Rs 10.57 lakh crore in the past five years. The
of India (RBI)
Reserve Bank of India (RBI) disclosed this information in response to a Right to Information (RTI) query.
The RBI has taken a pivotal step by permitting 20 banks operating in India to open 92 Special Rupee
Reserve Bank Vostro Accounts (SRVAs) with partner banks from 22 countries. This allows exporters and importers
11.
of India (RBI) from these nations to conduct trade transactions in domestic currencies, facilitating smoother and more
efficient trade practices.
Banknotes with a Star (*) symbol have recently become a subject of discussion on social media
platforms. The Reserve Bank of India (RBI) issued a press release to clarify that these banknotes, known
Reserve Bank
12. as the “Star Series” banknotes, are legitimate and have a specific purpose. The Star symbol is added to
of India (RBI)
identify banknotes used as replacements for defectively printed ones in a packet of 100 serially
numbered banknotes.
Other Important Banking Related Current Affairs new role on August 12, SBI Card said in a filing with stock
exchanges.
● The Union government has cancelled the Foreign
● Mumbai- based used car platform Car Trade Tech will
Contribution Registration Act (FCRA) licence of the
acquire online marketplace OLX India’s auto sales business
Sadbhavana Trust, a Delhi-based non-governmental for Rs.537 cr.
organisation (NGO) that has been actively working to ● The European Investment Bank (EIB), the lending arm of
empower Dalit and Muslim women. This cancellation the European Union, has expressed its intention to invest
prohibits the trust from receiving or utilizing foreign grants. approximately €1 billion in India’s renewable energy
● SBI Cards & Payment Services (SBI Card), the country’s sector. EIB’s Vice President, Kris Peeter, confirmed that
discussions are underway with the Central government to
largest pure-play credit card issuer, has appointed Abhijit
provide €500 million during the first phase of funding. The
Chakravorty as MD & CEO. Chakravorty, who is presently a investment aims to bolster renewable sectors, focusing on
Deputy Managing Director at SBI, will assume charge of his green hydrogen and solar panels.

111 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The Central Bank Digital Currency (CBDC) pilot in India is ● Finance Minister Nirmala Sitharaman inaugurated the
gaining traction as banks accelerate their efforts to onboard ‘GST Bhawan’ in Agartala, Tripura’s capital. The newly
customers, with the pilot now in its second phase. After established office complex will serve as the headquarters
covering major cities like Mumbai, New Delhi, Bengaluru, for CGST, CX, and Customs for the Agartala, Guwahati
Zone under CBIC. Situated at Mantri Bari Road, Agartala,
Bhubaneshwar, and Chandigarh, banks are extending
the GST Bhawan is designed to offer quick and easy
their reach to select customers in cities like Hyderabad,
accessibility to all taxpayers in the region, with its proximity
Indore, Kochi, Lucknow, Patna, Shimla, Goa, Guwahati, and to the newly created Agartala Airport complex.
Tier-II locations such as Varanasi. This expansion aims to ● Algerian President Abdelmadjid Tebboune announced
attract more users to enrol in the pilot. that Algeria has formally submitted an application to join
● Due to inadequate capital and poor earning prospects, the the BRICS group of nations. The move aims to create new
Reserve Bank of India (RBI) has decided to cancel the economic prospects for the oil and gas-rich nation in North
registration certificate of United India Cooperative Bank Africa, as it seeks to diversify its economy and strengthen
Ltd, based in Bijnor, Uttar Pradesh. ties with countries like China.

Banking Current Affairs of June


S.No. Bank Name Purpose
Bank of Recognized as the best bank in managing bad loans, achieving a remarkably low net non-performing
1.
Maharashtra assets (NPAs) ratio of 0.25% during the financial year that ended in March 2023.
2. Indian Bank Selected as a Clearing and Settlement Bank by the Indian Clearing Corporation Ltd (ICCL)
3. YES Bank Announced the unveiling of its new logo, which forms part of its “refreshed brand identity.”
4. Bank of Baroda Announced its intention to sell a portion of its ownership in the National Stock Exchange of India (NSE).
Launched the Interoperable Cardless Cash Withdrawal (ICCW) facility for its customers. This innovative
5. Bank of Baroda service allows customers to withdraw money from ATMs using the United Payment Interface (UPI),
eliminating the need for a physical card.
Initiated a unique campaign in Chennai, titled ‘I am Adyar, Adyar is me,’ to celebrate the rich culture
6. Federal Bank
and stories of the local community.
Fino Payments Announced its collaboration with Sequoia Capital-backed fintech Hubble to launch India’s first
7.
Bank spending account.
Indian Launched a groundbreaking scheme called ‘My Account My Name,’ which enables customers to select
8.
Overseas Bank any name as their savings account number.
Union Bank of Debuted four specialised bank accounts catering to different segments of the population, namely
9.
India women, women entrepreneurs and professionals, pensioners, and cooperative housing societies.
Canara Bank of Announced that its customers can now utilize their RuPay Credit Cards on the Unified Payments
10.
India Interface (UPI) platform
HDFC will soon be counted among the world’s most valuable banks. Following the completion of a
11. HDFC merger with Housing Development Finance Corp., HDFC has secured the fourth position in terms of
equity market capitalization.

Current Affairs related to Regulatory authorities


S.No. Name Purpose
The Reserve Bank of Announced a penalty of Rs 84.50 lakh on Central Bank of India for its failure to comply with certain
1.
India provisions related to fraud classification and reporting.
Announced Annual report for the fiscal year 2022-23 has shed light on the increasing number of
The Reserve Bank of counterfeit banknotes in circulation in India. According to the RBI annual report, the number of
2.
India counterfeit Rs 500 notes detected in FY23 saw a 14 percent increase compared to the previous
fiscal year.
Released its annual report for the fiscal year 2022-23, highlighting significant improvements in the
Reserve Bank of
3. general government deficit and debt. The report notes that the general government deficit
India
moderated to 9.4% of GDP, while the government debt stood at 86.5% of GDP.
Reserve Bank of Initiated the ‘100 Days 100 Pays’ campaign, aimed at tracing and settling the top 100 unclaimed
4.
India (RBI) deposits of every bank in every district within a span of 100 days.

112 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Current Affairs related to Regulatory authorities
S.No. Name Purpose
Reserve Bank of Imposed a monetary penalty of Rs 2.20 crore on Indian Overseas Bank (IOB) for violating various
5.
India rules and regulations.
Reserve Bank of
6. Unveiled a new financial inclusion dashboard called 'Antardrishti.'
India
Reserve Bank of
7. Updated its ‘Alert List’ to caution the public about unauthorised forex trading platforms.
India
Reserve Bank of Taken a significant step to enhance the trade receivables discounting system (TReDS) by allowing
8.
India (RBI) insurance companies to participate as stakeholders.
Reserve Bank of Introduced four crucial measures to bolster the strength of 1,514 Urban Co-operative Banks
9.
India (UCBs) in the country.
Reserve Bank of introduced four crucial measures to bolster the strength of 1,514 Urban Co-operative Banks
10.
India (UCBs) in the country.
The Reserve Bank of Opens a sub-office in Kohima, the capital of Nagaland to expand its reach in the region and better
11.
India (RBI) serve the financial needs of the people
Reserve Bank of Cancelled the NBFC licence of Equitas Holdings Ltd under the powers granted to the central bank
12.
India by Section 45-IA (6) of the Reserve Bank of India Act, 1934.
Small Industries
have introduced the NBFC Growth Accelerator Program (NGAP) with Global Alliance for Mass
13. Development Bank
Entrepreneurship (GAME).
of India
14. SEBI Granted approval for the IPO of Tata Technologies, a subsidiary of Tata Motors
announced the launch of mission EVOLVE (Electric Vehicle Operations and Lending for Vibrant
Small Industries
Ecosystem) in conjunction with the NITI Aayog, World Bank, Korean-World Bank, and Korean
15. Development Bank
Economic Development Cooperation Fund (EDCF) to provide financial support for micro, small
of India
and medium-sized enterprises (MSMEs) involved in the electric vehicle space.
Securities and Taken action against six entities for violating insider trading norms in the case of Shilpi Cable
16. Exchange Board of Technologies. The entities have been barred from participating in the securities markets for one
India (Sebi) year and have been ordered to pay penalties totaling Rs 70 lakh.
Reserve Bank of
17. Imposed a monetary penalty of Rs 2.5 crore on Jammu & Kashmir Bank
India (RBI)
Imposed penalties on Standard Chartered Bank, four credit bureaus, and seven cooperative banks
Reserve Bank of
18. for various violations. Standard Chartered Bank was fined ₹30 lakh for non-compliance with KYC
India
directions.
Other Important Banking Related Current Affairs ● Go Digit Life Insurance Limited, a company backed by
● The government has approved a new digital reporting and Canada-based Fairfax Group and already operating in the
communication system to address loan defaults exceeding general insurance sector, has received regulatory approval
Rs 50 crore. Instead of relying on paper-based from the Insurance Regulatory and Development
communication, the Union government has introduced a
Authority of India (IRDAI) to commence its life insurance
digital mechanism.
business in India.
● Unified Payment Interface (UPI) transactions in India
soared to unprecedented levels in May 2023, with a total ● The Infrastructure Finance Secretariat (IFS) is
transaction value of Rs 14.3 trillion and a volume of 9.41 continuously introducing measures to encourage private
billion. investment in infrastructure. To support this objective, the
● According to the latest fDi Markets Report and the Dubai IFS has redesigned its website, www.pppinindia.gov.in, to
FDI Monitor, Dubai has secured its position as the leading provide greater value to stakeholders involved in Public
destination for foreign direct investment (FDI) from India in Private Partnership projects.
the calendar year 2022. ● Sberbank, Russia’s top lender, has announced that
● In a significant move, the Insurance Regulatory and individuals can now open accounts in Indian rupees, as the
Development Authority of India (IRDAI) has directed SBI bank looks to decrease its reliance on the US dollar and
Life Insurance Co to take over the life insurance business of
euro. Sberbank has more than 100 million retail clients and
Sahara India Life Insurance Co (SILIC) with immediate
effect. already offers deposits in China’s yuan and UAE dirhams.

113 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Lloyds Banking Group, one of the leading financial services remarkable 38% increase compared to January 2023
organizations in the UK, has announced its plans to figures.
establish a technology centre in Hyderabad, India. The
centre aims to enhance the group’s digital capabilities and
will be operational by the end of 2023.
● Apple Inc is planning to launch its credit card in India, also
known as Apple Card. The iPhone maker is planning to tie
up with HDFC bank to bring its credit card to its Indian
customers. About the Apple Card is in its primitive stage and
there has been no concrete decision taken till now.
● Aadhaar-based face authentication transactions for
service delivery have achieved an unprecedented
milestone, recording an all-time high of 10.6 million in May.
This marks the second consecutive month with over 10
million face authentication transactions, showcasing a

Banking Current Affairs of May


S.No. Bank Name Purpose
HDFC Bank launches the digital platform "Smart Saathi" to connect business correspondents and
1 HDFC
facilitators with the bank.
HDFC Bank has launched a retail banking initiative called 'Vishesh' aimed at customers in semi-urban
2 HDFC
and rural areas.
Bank of Recognized as the best bank in managing bad loans, achieving a remarkably low net non-performing
3
Maharashtra assets (NPAs) ratio of 0.25% during the financial year that ended in March 2023.

Scheme/ App Name /


S.No. Bank Name Purpose
Mou/ Reports
to launch ‘Global Collections‘, an international collection service for exporters
1 YES Bank Cashfree Payments
who hold an account with YES Bank.
AU Small to introduce the Business Cashback RuPay credit card, a novel solution designed
2 RuPay
Finance Bank to fulfill the financial requirements of self-employed clients.
partnership with National E-Governance Services Limited (NeSL), a
Bank of government-backed information utility appointed by the Insolvency and
3 MoU
Baroda Bankruptcy Board of India, to launch the Electronic Bank Guarantee (BG)
system.
Food and grocery delivery company Zomato has announced its partnership with
4 ICICI Bank MoU ICICI Bank to introduce its own unified payments interface (UPI) offering called
Zomato UPI.
Reported impressive financial results for the fourth quarter ended March 31,
State Bank of
5 Report 2023. The bank’s net profit witnessed a significant surge of 83 percent, reaching
India (SBI)
a record high of Rs 16,694 crore.
Launched ‘Sarathi,’ a revolutionary digital onboarding platform aimed at
6 Axis Bank Schemes simplifying the process for merchants to adopt Electronic Data Capture (EDC)
or Point of Sale (PoS) terminals.
Announced a strategic partnership with Manipal Global Skills Academy to
7 HDFC Bank MoU
launch the Leadership Excellence Program (LXP).
Equitas Small Partnership with IBM Consulting to develop and construct a digital banking
8 MoU
Finance Bank platform.
9 YES Bank Unveiling of its new logo, which forms part of its “refreshed brand identity.”

114 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Current Affairs related to Regulatory authorities
S.No. Name Purpose
RBI has mandated all banks and financial institutions in India to include complete information about the
1 RBI originator and beneficiary in all domestic and international wire transfers to prevent money laundering
and financing terrorism.
2 SEBI SEBI introduces LEI system for listed issuers and financial transactions.
RBI invests incremental reserves in bonds and securities, including US Treasuries, to maintain economic
3 RBI
stability.
RBI collaborates with GFIN for Greenwashing TechSprint to combat ESG-related deception in financial
4 RBI
services.
5 EXIM Exim Bank aims to raise a record $4 billion in FY24 for trade finance and loans to support growth.
RBI has instructed financial institutions and banks to adopt an Alternative Reference Rate, primarily the
6 RBI
SOFR, and end their reliance on the scandal-shrouded LIBOR and MIFOR
RBI has taken significant actions in the financial sector, canceling the certificate of registration of seven
Reserve
7 non-banking finance companies (NBFCs) and accepting the surrender permits of 14 NBFCs. These moves
Bank of India
aim to regulate and maintain the stability of the non-banking financial institution (NBFI) sector.
Reserve Reserve Bank of India (RBI) has approved the transfer of Rs 87,416 crore surplus to the government for the
8 Bank of India financial year 2022-23. This amount is nearly three times higher than the previous year’s transfer of Rs
(RBI) 30,307 crore.
Reserve announced its economic activity index nowcast, forecasting a strong GDP growth rate of 7.6% for the first
9
Bank of India quarter of the fiscal year 2023-2024 (Q1 FY24).
granted approval for a change in control of HDFC Asset Management Company (HDFC AMC) due to the
10 SEBI
amalgamation of HDFC Ltd and HDFC Bank Ltd.
instructed financial institutions and banks to adopt an Alternative Reference Rate, primarily the Secured
Reserve
11 Overnight Financing Rate (SOFR), and end their reliance on the scandal-shrouded London Interbank
Bank of India
Offered Rate (LIBOR) and Mumbai Interbank Forward Outright Rate (MIFOR) by July 1.
The Reserve has granted approval for the voluntary Scheme of Amalgamation of Maratha Sahakari Bank with The
12
Bank of India Cosmos Co-operative Bank. The merger is set to take effect from May 29, 2023, as announced by the RBI.
The Reserve Announced a penalty of Rs 84.50 lakh on Central Bank of India for its failure to comply with certain
13
Bank of India provisions related to fraud classification and reporting.
According to the RBI annual report, the number of counterfeit Rs 500 notes detected in FY23 saw a 14
Reserve percent increase compared to the previous fiscal year. In FY23, a total of 91,110 pieces of fake Rs 500 notes
14
Bank of India were identified, while 79,669 counterfeit notes were detected in FY22. This surge in fake Rs 500 notes
raises concerns regarding the security and integrity of India’s currency system.
The report notes that the general government deficit moderated to 9.4% of GDP, while the government
Reserve
16 debt stood at 86.5% of GDP. These figures represent a decline from the peak levels of 13.1% and 89.4%
Bank of India
recorded in 2020-21, respectively.

Other Important Banking Related Current Affairs • AIBEA plans online "Bank Clinic" for customer grievance
• American regulators announced that First Republic Bank redressal.
had been taken over and that an agreement had been • Public sector banks (PSBs) in India have achieved a
reached to sell the bank to JPMorgan Chase & Co. significant milestone in the financial year ended March
• Scheduled commercial banks in India reported strong credit 2023, with their cumulative profit crossing the Rs 1 lakh
growth of 15.4% in FY23, led by personal loans, loans to the crore-mark.
services sector, and agriculture and allied activities,
• Indian Bank announced that it has been selected as a
according to RBI data. Personal loans grew 20.6%, primarily
Clearing and Settlement Bank by the Indian Clearing
due to housing loans.
Corporation Ltd (ICCL).
• RBI and BIS launch G20 TechSprint 2023, a global cross-
border payments competition for innovators. • The government has approved a new digital reporting and
• Fintech GetVantage obtains RBI NBFC license for lending communication system to address loan defaults exceeding
operations. Rs 50 crore.

115 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Economy/Financial Current Affairs
Economy/Financial Current Affairs of October income tax revenues and a 12.4% increase in corporate
taxes.
● In September 2023, India’s Gross Goods and Services Tax ● In its October 2023 World Economic Outlook (WEO)
(GST) revenues witnessed a significant slowdown, growing report, the International Monetary Fund (IMF) raised
at the slowest pace in 27 months. The growth rate dropped India’s economic growth forecast for the fiscal year 2023-
to 10.2% from the previous months’ approximately 10.8%.
24. The growth projection was increased from 6.1% to 6.3%
This decline, although notable, was coupled with some
due to stronger-than-expected consumption during April-
intriguing state-wise variations in GST collections. Despite
the slowdown, GST collections improved by 2.3% over June. The report also highlighted India’s resilient domestic
August, reaching ₹1,62,712 crore. economic activity and the positive impact of robust
● Despite substantial external challenges, India’s economy domestic demand, contrasting global economic trends.
remains robust, prompting the World Bank to maintain its ● In September, India experienced a notable drop in retail
growth forecast for the fiscal year 2023-24 at 6.3%. This inflation, marking a significant shift from the peak levels
decision reflects India’s remarkable resilience within a seen 15 months earlier. This decline, attributed largely to
demanding global environment. softer vegetable prices, brought the Consumer Price Index
● In September, India’s manufacturing sector saw a notable (CPI) to a three-month low. Despite this decrease, inflation
slowdown, reaching a five-month low, as reported by the remained above the 4% target set by the central bank,
seasonally adjusted S&P Global India Manufacturing hindering potential rate adjustments.
Purchasing Managers’ Index (PMI). This index slipped to
57.5 from 58.6 in August, indicating a deceleration in Economy/Financial Current Affairs of September
activity. A PMI reading of 50 represents no change in activity
levels. ● In a significant economic development, India’s Gross
● The World Bank, in its latest India Development Update, Domestic Product (GDP) demonstrated robust growth,
has revised its retail inflation forecast for India for the fiscal surging to 7.8% in the first quarter of the fiscal year 2023-
year 2023-24. The new projection stands at 5.9 percent, up 2024, compared to a 6.1% growth rate recorded in the
from the earlier estimate of 5.2 percent made in April. This preceding January-March quarter of the fiscal year 2022-23.
upward revision is attributed to certain factors which This acceleration is indicative of a positive economic
caused a sharp increase in food prices in July 2023. trajectory and holds great implications for the nation’s
● In its latest trade and development report, the UN
financial landscape.
Conference on Trade and Development (UNCTAD) has
● In the first four months of the 2023-24 financial year, India’s
revised India’s economic growth forecast for 2023 upward
fiscal deficit has surged, surpassing a third of the full-year
to 6.6% from the earlier projection of 6%. However, the
report also anticipates a slowdown in India’s growth to 6.2% target. This financial imbalance, measured as the difference
in 2024. Furthermore, the UNCTAD highlights concerns between government expenditure and revenue, is a critical
about the global economic outlook, with a deceleration to indicator of the government’s borrowing needs. India's
2.4% in 2023, followed by a marginal improvement to 2.5% spending exceeded its earnings by 33.9% of the annual
in 2024. target for 2023-24 in just 4 months. Revenue collection
● In September, the services sector in India experienced a also dipped.
significant boost in both domestic and international ● In August, India witnessed a notable surge in Goods and
demand, reaching a 13-year high, according to a survey- Services Tax (GST) collection, amounting to ₹1.59 trillion,
based index by S&P Global Market Intelligence. This index, signifying an 11% increase compared to the same period
known as the Purchasing Managers’ Index (PMI), climbed last year. This impressive growth can be attributed to
to 61, up from 60.1 in August. Despite this growth, job enhanced compliance and anti-evasion measures put in
creation was moderate. place.
● According to the data, released by the Controller General ● Global rating agency Moody’s Investor Service has revised
of Accounts, the fiscal deficit for the April-August period in its economic growth projection for India, providing a
FY24 stood at Rs 6.42 trillion. This accounts for 36 per cent
positive outlook for the year 2023. The agency has
of the full-year target of Rs 17.87 trillion. Comparatively,
increased its forecast for India’s Gross Domestic Product
during the same period in FY23, the fiscal deficit was 32.6
(GDP) growth to 6.7 percent, up from the previous estimate
per cent of the full-year target.
● India has witnessed a remarkable increase in its net direct of 5.5 percent. This adjustment is attributed to the notable
tax collections, with a substantial growth rate of 21.8% performance in the second quarter, driven by robust
amounting to ₹9.57 lakh crore by October 9. This surge has expansion in services and capital expenditures, resulting in
exceeded over half of the annual Budget estimates. The a 7.8 percent real GDP growth compared to the previous
boost is primarily attributed to a 32.5% rise in personal year.

116 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● In light of a positive surprise in the April-June quarter data, ● The Union Ministry of Finance recently released its Monthly
Morgan Stanley, the multinational investment bank, has Economic Review for August 2023, confirming its
revised its economic growth forecast for India for the fiscal confidence in a 6.5 percent real GDP growth projection for
year 2024. The bank has raised its projection from an earlier FY24, characterized by balanced risks. The report paints a
estimate of 6.2 percent to a more optimistic 6.4 percent.
promising picture of India’s economic performance in the
● The Ministry of Finance has recently issued a significant
first quarter of the fiscal year 2023-24 (FY24).
notification outlining amendments to the Goods and
Services Tax (GST) rules pertaining to online gaming and ● S&P Global Ratings has reaffirmed India’s growth forecast
casinos. These amendments aim to address taxation for the current fiscal year at 6 percent, citing several factors
methodologies employed by online gaming companies and affecting the economic landscape. This announcement
casinos. comes amid a backdrop of global economic challenges,
● In August, India’s retail inflation, as measured by the concerns over subnormal monsoons, and the delayed
Consumer Price Index (CPI), showed signs of moderation, effects of interest rate hikes.
dropping to 6.83% from 7.44% in July. However, it ● The Indian government has chosen to keep its borrowing
remained above the Reserve Bank of India’s (RBI) target
plan unchanged for the second half of the fiscal year 2023-
range of 4+/-2%.
● In a recent update, Fitch Ratings decided to maintain its 2024 (H2FY24). The government’s projected gross market
growth forecast for India for the fiscal year 2023-24 (FY24) borrowing for the fiscal year ending March 31, 2024, stands
at 6.3%. Despite facing challenges such as tighter monetary at Rs 15.43 lakh crore. Between April and September, the
policy and weakened exports, India’s economy displayed government successfully borrowed Rs 8.88 lakh crore.
remarkable resilience. Notably, the Indian economy posted ● In a recent report by CRISIL MI&A (Market Intelligence and
a strong growth rate of 7.8% in the April-June quarter, Advisory), India’s power demand for September 2023
primarily driven by robust demand and a thriving services reached an impressive five-year high. The report also offers
sector.
insights into the factors driving this surge and the
● Indian government unveiled the Wholesale Price Index
challenges faced by the power sector. Here, we break down
(WPI) data for the month of August, revealing a persistent
trend of declining wholesale inflation. In August, the the key findings and observations. India’s power demand
wholesale inflation rate plummeted to -0.52 percent, in September witnessed remarkable year-on-year growth,
marking the fifth consecutive month in which it has reaching 140-142 billion units (BUs), marking a five-year
remained in the negative territory. Notably, in July, the high.
wholesale inflation rate had been -1.36 percent, and in ● In a significant economic development, India’s core sector
June, it had reached as low as -4.12 percent. witnessed impressive growth in August, reaching a 14-
● LIC Chairman Siddhartha Mohanty presented a significant month high of 12.1%. This remarkable surge in core sector
dividend cheque of ₹1,831.09 crore to Union Finance and
performance is attributed to several key factors, primarily
Corporate Affairs Minister Nirmala Sitharaman. This
the favorable base effect. In this report, we delve into the
dividend represents the Centre’s share for the fiscal year
2022-23. details of this growth, including the sectors driving it and
● S&P Global Market Intelligence has reevaluated India’s the broader implications for India’s industrial landscape.
economic growth prospects for the fiscal year 2024 (FY24). ● India’s fiscal deficit for the first five months of the 2023-24
This upward revision is attributed to robust economic financial year has reached 36% of the full-year target,
performance in the April-June quarter. Notably, the revised according to data from the Controller General of Accounts
projection stands at 6.6%, a significant improvement from (CGA). The fiscal deficit represents the gap between
the 5.9% estimate put forth by the analytics firm in August. government expenditure and revenue, indicating the
● The Organisation for Economic Cooperation and
government’s borrowing needs. In absolute terms, the fiscal
Development (OECD) has revised its GDP growth
projection for India in the fiscal year 2024, forecasting a deficit amounted to Rs 6.42 lakh crore as of the end of
growth rate of 6.3%. This upward revision represents a August.
notable increase from the previous estimate of 6%. The ● Indian government has announced significant changes to its
OECD attributes India’s positive growth surprises to tax policies related to the petroleum industry. These
favorable agricultural outcomes driven by favorable changes include an increase in the special additional excise
weather conditions. duty (SAED) on domestically produced crude petroleum, as
● The Asian Development Bank (ADB) and India Ratings well as reductions in levies on diesel and Aviation Turbine
and Research have released contrasting forecasts for
Fuel (ATF). Effective from September 30, 2023, the
India’s economic growth in the fiscal year 2024 (FY24).
government has raised the windfall tax on domestically
While ADB has lowered its projection to 6.3%, India Ratings
has raised it to 6.2%. produced crude oil to Rs 12,100 per tonne.

117 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Economy/Financial Current Affairs of August activity levels in the services sector. An index reading above
50 indicates expansion, while a reading below 50 suggests
● Securities and Exchange Board of India (SEBI) announced contraction. This positive trend has been ongoing for 23
the establishment of the Corporate Debt Market consecutive months since August 2021.
Development Fund (CDMDF). This fund, regulated by ● S&P Global’s report, titled “Look Forward: India’s
SEBI, is designed to function as a ‘backstop facility,’ Moment,” projects India’s economic growth trajectory
providing support during stressed market conditions by from fiscal year 2023-24 (FY24) to FY31. The country is set
purchasing investment-grade corporate debt securities. to remain the fastest-growing large economy, with an
The Guarantee Scheme for Corporate Debt (GSCD) aims to expected GDP growth rate of 6% in FY24. S&P Global is
offer guarantee cover against debt raised or to be raised by optimistic about India’s potential, forecasting an average
the CDMDF, adding stability to the market in times of growth rate of 6.7% per year during this period, driven
dislocation. primarily by capital expansion. The report envisions India’s
● On July 28, 2023, the Central Board of Indirect Taxes and GDP to reach $6.7 trillion by FY31, and per capita GDP to rise
Customs (CBIC) announced a significant change in the to approximately $4,500.
Goods and Services Tax (GST) rules in India. As per the ● In a recent mid-year macroeconomic review, the National
new guidelines, companies with a turnover of more than ₹5 Institute of Public Finance and Policy (NIPFP) has
crore will be required to generate electronic invoices (e- forecasted that India’s economic growth will likely
invoices) for their business-to-business (B2B) transactions decelerate to 6% in the financial year 2023-24 (FY24), down
or exports. from the 7.2% recorded in FY23. This projected slowdown is
● The fiscal deficit of the Indian government has reached attributed to prevailing headwinds in the global economy.
25.3% of the full-year target at the end of June 2023, as per The NIPFP analysis takes into consideration various
data released by the Controller General of Accounts economic indicators and trends, offering valuable insights
(CGA). This article provides an overview of the fiscal deficit into the potential trajectory of India’s economy.
situation in India, comparing it to previous years and the ● In July, retail inflation in India experienced a significant
government’s projected targets for the current financial upswing, reaching 7.44%, marking the highest rate since
year (2023-24). April 2022. This surge contrasts with the preceding four-
● The Ministry of Finance has released data showing that the month period of inflation below the central bank’s 6%
gross goods and services tax (GST) collection for July 2023 tolerance threshold. The increase is largely attributed to an
has surpassed the Rs 1.65 lakh crore mark. This marks the 11.5% spike in food prices, making it the first time since
fifth instance of GST revenue crossing this threshold since September 2022 that the price rise has crossed the 7%
its inception. The revenue for July 2023 is 11 percent higher mark.
than the same month last year, reflecting a positive trend in ● In July, the Wholesale Price Index (WPI) continued to
the country’s economic growth. exhibit deflationary trends for the fourth consecutive
● India’s manufacturing sector experienced a slight dip in month, although the decline was notably mitigated by a
growth momentum in July, with the Purchasing Managers’ substantial increase in food and primary article prices. While
Index (PMI) falling to 57.7 from 57.8 in June and 58.7 in the overall WPI deflation shrank from June’s 92-month low
May. However, the figure still indicates expansion in the of -4.1% to -1.36%, a surge of over 7.5% in food and primary
sector. The buoyant demand, both domestic and in exports, article prices played a pivotal role in this shift.
played a crucial role in maintaining the growth momentum. ● In a recent development, the Indian government has
Despite the recent easing in inflation, higher inflationary decided to enhance the windfall profit tax on domestically
pressures remained a challenge for manufacturers. produced crude oil and exported diesel. This decision is
● In March 2023, the Indian government’s debt stood at accompanied by the reintroduction of the tax on aviation
₹155.6 lakh crore, accounting for 57.1% of the country’s turbine fuel (ATF) shipments abroad. These changes are
GDP. This represents a reduction from 61.5% of GDP in being implemented through a special additional excise
2020-21, indicating efforts to manage debt levels. duty (SAED) mechanism, aimed at regulating profits
● The 51st meeting of the Goods and Services Tax (GST) derived from these energy sources.
Council has decided to impose a 28% tax on the full face ● India’s journey towards becoming a developed economy by
value of bets placed on online gaming, which will be 2047 has gained momentum, with a recent study conducted
implemented from 1st October. by SBI Research economists projecting a remarkable
● In July, India’s services sector experienced a significant increase in per capita income. The study suggests that
rebound, achieving its highest growth in 13 years. The India’s per capita income is poised to surge by 7.5 times,
recovery was driven by robust demand and new business from Rs 2 lakh ($2,500) in FY23 to Rs 14.9 lakh ($12,400)
gains, leading to an increase in the S&P Global India per annum by FY47. Prime Minister Narendra Modi has
Services Purchasing Managers’ Index (PMI) to a record emphasized this objective, aiming to turn the vision of a
high of 62.3. The PMI is a survey-based index that measures developed India into a reality by 2047.
118 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Crisil, a prominent rating agency, anticipates India’s gross ● India received its highest-ever FDI inflow of US$83.57
domestic product (GDP) growth to reach 6% in the fiscal billion in the fiscal year 2021-2022. However, FY 2023 saw a
year 2024. This projection is lower than the 7% estimated by drop in FDI inflows due to global uncertainties. Total FDI
the National Statistical Organisation (NSO) for the fiscal inflows in FY 2023 amounted to US$70.97 billion.
year 2023. ● The net direct tax collection in the current fiscal year has
● ICRA Ratings recently released a comprehensive report witnessed a significant growth of 16%, reaching Rs 4.75 lakh
crore, indicating a surge in economic activity. According to
projecting a robust economic growth for India in the first
the Income Tax department, this collection represents
quarter of the fiscal year 2023 (FY24). The report suggests
26.05% of the total budget estimates of direct taxes for the
that the country’s Gross Domestic Product (GDP) growth full 2023-24 fiscal, which is set at Rs 18.23 lakh crore.
is expected to accelerate to 8.5% during the April-June ● India’s retail inflation experienced a surge of 4.81% in
period, a significant increase from the 6.1% growth rate June, ending a four-month decline, as food prices increased
witnessed in the preceding quarter (January-March). This due to uneven monsoon rains and supply disruptions. The
projected growth is attributed to multiple factors, including Consumer Price Index (CPI)-based inflation was 4.31% in
a supportive base effect and a notable recovery in the May, and food inflation rose to 4.49% in June.
services sector. ● The third edition of the Export Preparedness Index (EPI)
● The latest government data reveals a noteworthy decline in for States/UTs of India for the year 2022 is set to be released
Foreign Direct Investment (FDI) inflows into India during by NITI Aayog on July 17, 2023. This index assesses the
the first quarter of the fiscal year 2023-24. The decline, export performance of Indian states and UTs, considering
amounting to 34%, saw FDI plummeting to $10.94 billion the global trade context in FY22. The report emphasizes the
importance of developing districts as export hubs and
from $16.58 billion in the same period of the previous fiscal
conducts a district-level analysis of merchandise exports in
year. This downward trend was primarily influenced by
the country.
reduced investments in key sectors such as computer ● India’s foreign exchange (forex) reserves have increased
hardware and software, telecommunications, by $1.229 billion, reaching a total of $596.280 billion as per
automotive, and pharmaceuticals. the data from the Reserve Bank of India (RBI). This marks a
nearly 2-month high and the second consecutive weekly
Economy/Financial Current Affairs of July rise in reserves. The rise in reserves was primarily driven by
● India’s Goods and Services Tax (GST) collection for the the growth in foreign currency assets (FCA) and gold
month of June reached ₹1.61 trillion, according to the reserves, while special drawing rights (SDRs) experienced a
Ministry of Finance. This amount represents a significant slight dip.
12% increase compared to the revenue collected from GST ● Goldman Sachs analysts project India to become the
world’s second-largest economy by 2075. The report
in the same month of the previous year.
suggests India will surpass the US in terms of GDP, reaching
● India’s external debt has witnessed a slight increase,
$52.5 trillion by 2075. China is expected to overtake the US
reaching USD 624.7 billion at the end of March 2023, to become the largest economy by the 2030s.
according to data released by the Reserve Bank. However, ● The Asian Development Bank (ADB) recently projected
the debt-to-GDP ratio has declined during the same period. India’s economic growth to moderate in the current
Valuation gains resulting from the appreciation of the US financial year, FY24, to 6.4 per cent, down from the 6.8 per
dollar against major currencies, including the Indian rupee, cent expansion witnessed in FY23. The slowdown is
yen, SDR, and euro, amounted to USD 20.6 billion. attributed to tight monetary conditions and elevated oil
● According to official data released by the Controller General prices. However, ADB remains optimistic about India’s
of Accounts (CGA), the central government’s fiscal deficit economic prospects, expecting growth to accelerate to 6.7
for the financial year 2023-24 stood at Rs 2.1 lakh crore or per cent in FY25.
11.8% of the full-year budget estimates at the end of May ● India’s foreign exchange reserves have recorded their
most substantial weekly surge in four months, witnessing a
2023. This marks a significant improvement compared to
remarkable increase of $12.74 billion, reaching an
the previous year when the fiscal deficit was 12.3% of the
impressive total of $609.02 billion, as reported by the
budget estimates.
Reserve Bank of India (RBI). This surge comes after a
● In a bid to tackle fake registrations and enhance the previous uptick of $1.23 billion in the preceding week ending
integrity of the Goods and Services Tax (GST) system, the on July 7.
GST Council is considering implementing new measures. ● The International Monetary Fund (IMF) has recently
These measures include reducing the time period for revised India’s GDP growth forecast for the current fiscal
submission of PAN-linked bank account details, introducing year to 6.1%, up from the previous prediction of 5.9%. This
mandatory physical verification for “high risk” applicants, upward revision is attributed to stronger domestic
and amending GST Rules regarding the presence of investments and reflects the momentum from stronger-
applicants during verification. than-expected growth in the fourth quarter of 2022 (FY23).

119 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The Union government has approved an increased interest Economy/Financial Current Affairs of May
rate of 8.15% on Employees Provident Fund (EPF)
deposits for the financial year 2022-23. This decision comes • India's GST revenue for April 2023 hits a record high of ₹1.87
after the EPFO trustees ratified the proposal to raise the lakh crore, up 12% YoY, with details of revenue sources and
interest rates, which had been at a four-decade low of contributing factors.
8.10% for the previous fiscal year. The higher interest rate • India's manufacturing PMI rose to a four-month high of 57.2
will benefit over six crore EPF subscribers and is expected to in April, indicating an increase in output from the previous
be credited to their accounts soon. month, according to the S&P Global India Manufacturing
● India will become the third largest economy by FY28, two PMI report.
years earlier than projected, said SBI Research economists • From May 1, 2023, businesses with an annual turnover of Rs
in a note. SBI economists said India will likely grow 8.1% in 100 crore or more will have to upload electronic invoices on
the first quarter of FY24, pushing the overall growth rate to the Invoice Registration Portal within seven days of
6.5%. India recorded a 13.5% growth in the first quarter of issuance to comply with a new GST rule.
FY23. • Merchant payments over the Unified Payments Interface
● Standard Chartered’s India research team has projected a (UPI) in India are expected to grow by 40 to 50 percent to
transformative growth trajectory for India’s economy, reach $1 trillion by the fiscal year (FY) 2026, according to a
expecting it to reach $6 trillion by 2030. report by Bain & Company.
• India's unemployment rate hit a four-month high of 8.11%
Economy/Financial Current Affairs of June in April 2023, with urban unemployment increasing to
● India’s GDP is expected to grow in the 6-6.5 per cent range 9.81% and rural unemployment slightly decreasing to
in FY24, with agriculture growth continuing at a healthy 7.34%.
pace, a recovery in industrial growth and the services sector • Fitch affirms India's BBB- rating with a stable outlook.
remaining resilient, according to Bank of Baroda’s • PFRDA and CBDT extend PAN-Aadhaar linking deadline to
economic research department (ERD). June 30.
● The urban unemployment rate in India has continued its • E-invoicing will be mandatory for businesses with a turnover
downward trajectory, reaching 6.8% in the January to of Rs 5 crore or more for B2B transactions from August 1, as
March 2023 quarter. per a new mandate by the Ministry of Finance.
● The Union government has successfully achieved its fiscal • India's retail inflation drops to 4.7% in April, lowest in 18
deficit target of 6.4% of the gross domestic product (GDP) months.
for the financial year 2022-23. • India's industrial production growth hits five-month low at
● The Goods and Services Tax (GST) revenue collection for 1.1% in March 2023.
May has witnessed a significant increase, marking the 15th
• India’s foreign exchange reserves increased by $7.196 billion
consecutive month that the monthly collection has
in the week ending May 5, 2023, reaching $595.976 billion,
exceeded the Rs 1.4-lakh-crore milestone.
which is an 11-month high.
● As the world grapples with the challenges posed by climate
• In April, wholesale price-based inflation dropped to -0.92%
change and environmental degradation, the concept of
on a yearly basis, down from 1.34% in March, according to
Green GDP has gained significant attention. Green GDP is
an economic indicator that takes into account the the Department for Promotion of Industry and Internal
environmental costs and benefits associated with economic Trade under the Ministry of Commerce & Industry.
activities, providing a more comprehensive measure of a • The Central Board of Direct Taxes (CBDT) recently issued a
nation's economic growth. notification clarifying that interest earned from Mahila
● Insurance giant Life Insurance Corporation of India (LIC) Samman Savings Certificate (MSSC) will not be subject to
has increased its equity shareholding in IT services provider Tax Deducted at Source (TDS).
Tech Mahindra through a series of open market • Paytm’s parent company has announced a new partnership
transactions over a period of more than six months. LIC’s with SBI Card and the National Payments Corporation of
stake in Tech Mahindra has risen from 6.869 percent to India (NPCI) to launch the Paytm SBI Card on the RuPay
8.884 percent, with an increase of 2.015 percent during the network.
period from November 21, 2022, to June 6, 2023. • The Indian Renewable Energy Development Agency
● The latest data from the Ministry of Statistics and (IREDA) is set to go public with an initial public offering
Programme Implementation reveals that India’s retail (IPO) in the near future. To oversee this significant event,
inflation, as measured by the consumer price index (CPI), the government has appointed IDBI Capital, BOB Capital,
dropped to a more than two-year low of 4.25% in May 2023. and SBI Capital as the lead managers for the IPO.

120 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
• The Indian government has recently announced a relaxation • India’s total forex reserves reached $593.48 billion during
in the Tax Collected At Source (TCS) rules for international the week ending on May 19, 2023, representing a decrease
transactions made using debit or credit cards. Starting from of $6.052 billion from the previous week.
July 1, 2023, individuals conducting international • India’s GDP is expected to grow in the 6-6.5 per cent range
transactions up to Rs 7 lakh will be exempt from the 20 in FY24, according to Bank of Baroda’s economic research
department (ERD).
percent TCS levy.
• The latest report by SBI Ecowrap indicates that India’s GDP
• The IRDAI has recently announced the relaxation of norms
(gross domestic product) is expected to grow at a rate of
for surety bonds, a type of insurance policy that protects 7.1% in FY23.
parties involved in transactions or contracts from potential • The urban unemployment rate in India has continued its
financial losses resulting from breaches or non- downward trajectory, reaching 6.8% in the January to
performance. March 2023 quarter.

Business Current Affairs


Business Current Affairs of October small and large businesses for the intracity delivery of
small packages.
● Beverage company Coca-Cola India made a significant
announcement, unveiling its latest sustainability initiative
Business Current Affairs of September
with the launch of fully recycled PET bottles for its flagship
Coca-Cola brand. This initiative is set to make a positive ● Viacom 18, a Reliance-owned media outlet, has emerged
impact on both the environment and the Indian consumer victorious in the auction for media rights, encompassing
market. both digital and TV broadcasting, of India’s domestic
● REC Limited, a prominent Non-Banking Financial Company matches and BCCI-hosted domestic tournaments for the
(NBFC) specializing in Power Sector Financing and next five years. The auction took place on August 31, 2023.
Development, announced the launch of its latest digital
This significant acquisition complements Viacom 18’s
innovation, the ‘SUGAM REC‘ mobile application. This
existing digital rights for the Indian Premier League (IPL)
exclusive app has been specifically designed to cater to the
and the FIFA World Cup rights for India. Let’s delve deeper
needs of investors interested in REC’s 54EC Capital Gain
Tax Exemption Bonds. With ‘SUGAM,’ REC aims to into the details.
simplify the investment process and enhance the overall ● The Department of Public Enterprise (DPE) conferred
experience for both existing and prospective investors. ‘Navratna Status‘ upon Rashtriya Chemicals and
● The stock price of Adani Ports and Special Economic Zone Fertilizers (RCF). Navratnas constitute a group of public
(APSEZ), an entity under the Gautam Adani-led group, sector firms endowed with the financial independence to
experienced a significant decline of over 5 percent on NSE invest up to Rs 1000 crore without necessitating approval
(National Stock Exchange) amid certain events affecting from the central government. Prior to this, the company
the region. APSEZ operates the Haifa port in Israel and has had attained ‘Miniratna Status‘ from the Department of
emphasized its vigilance in ensuring business continuity Public Enterprise.
despite the challenges faced. ● India’s first UPI-ATM, a White Label ATM (WLA) by Hitachi
● Microsoft has successfully completed its acquisition of Payment Services in collaboration with the National
Activision Blizzard, the renowned developer behind popular Payments Corporation of India (NPCI), was introduced to
video game franchises like Call of Duty and World of enable seamless cash withdrawals without the need for
Warcraft. This monumental deal, valued at $69 billion, physical ATM cards. This innovation allows customers of
signifies Microsoft’s largest-ever acquisition in its history,
certain banks to enjoy QR-based cashless withdrawals. The
surpassing the $26 billion purchase of LinkedIn in 2016 and
UPI-ATM, also known as Interoperable Cardless Cash
the $7.5 billion acquisition of Bethesda in 2021.
Withdrawal (ICCW), offers a simple process for users of
● Indian Oil Corporation’s board has given the green light for
an equity investment of ₹1,660.15 crore, securing a 50% participating banks who use UPI to withdraw cash from
stake in the joint venture company Indian Oil NTPC Green compatible ATMs.
Energy. This strategic move aligns with their commitment ● ITI Limited, a premier telecom company and multi-unit
to renewable energy initiatives. central public sector undertaking in India, has made
● The prominent Indian food tech company, Zomato, has significant strides in the technology market by developing
introduced a hyperlocal delivery service called ‘Xtreme‘. its own branded Laptop and Micro PC, branded as
This service aims to leverage the extensive fleet of over 3 ‘SMAASH.’ These products have taken the market by
lakh two-wheeler delivery executives that Zomato has at its storm, competing successfully against well-established
disposal. Xtreme is designed to cater to the needs of both MNC brands like Acer, HP, Dell, and Lenovo.

121 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Air India, one of India's prominent airlines, has introduced Business Current Affairs of August
'Project Abhinandan,' a new initiative aimed at providing
passengers with a personalized and hassle-free experience, ● Amazon India has inaugurated its first-ever floating store
particularly in managing baggage issues and dealing with on Dal Lake in Srinagar, Kashmir. This initiative aligns with
missed flights. Under this initiative, Air India has stationed Amazon India’s commitment to providing customers with
specially trained service assurance officers (SAOs) at 16 reliable and convenient delivery services, while
major airports across the country to offer on-ground simultaneously enabling small businesses to seize
assistance and support to travelers. profitable earning prospects.
● Volvo Cars, a prominent name in the automotive industry, ● India’s eight core infrastructure sectors have shown a
has recently made a groundbreaking announcement. The notable growth rate of 8.2% in June, marking the highest
Swedish car manufacturer has declared its intention to
in five months, according to the Ministry of Commerce and
cease the production of diesel-powered vehicles by early
Industry’s latest data released on July 31. These core
2024, marking a significant step toward its goal of
sectors, including coal, crude oil, steel, cement, electricity,
becoming an all-electric carmaker. This decision aligns
with Volvo’s commitment to transitioning fully to electric fertilizers, refinery products, and natural gas, play a crucial
vehicles by 2030. role in the country’s industrial production.
● Apple, the renowned iPhone maker, is gearing up to ● The Unified Payments Interface (UPI) network witnessed
significantly expand its manufacturing operations in India. remarkable growth in July 2023, setting new records in both
Government sources report that the company aims to transaction volume and value. After a minor dip in June, UPI
increase its production in the country by over fivefold, transactions surged by 44% year-on-year (YoY) and
reaching approximately $40 billion (about 3.32 lakh crore) reached a staggering ₹15.34 lakh crore. The number of
within the next 4-5 years. transactions also hit a new high of 996 crore, a significant
● E-commerce giant Amazon.com has announced a strategic increase of 58% compared to July 2022.
investment of up to $4 billion in Anthropic, an AI startup, ● In a special event in New Delhi, Jyotiraditya Scidia, the
marking a significant move to enhance its presence in Union Minister of Steel and Civil Aviation, revealed the new
generative artificial intelligence. This partnership, as
logo of NMDC. The launch of new logo is a big step for
reported by Bloomberg (Software company), not only
NMDC, showing its commitment to responsible mining and
involves a substantial financial commitment but also
global standards.
provides Anthropic with access to Amazon’s formidable
computing power. ● The Securities and Exchange Board of India (SEBI) has
● Maruti Suzuki India, the leading automobile manufacturer taken a significant step to enhance the efficiency of Initial
in the country, has embarked on a unique journey of Public Offerings (IPOs) by halving the timeline for listing
collaboration and empowerment by teaming up with the shares on stock exchanges after the IPO closure. This move
Indian Navy. Their joint mission is to create awareness aims to provide substantial benefits to both investors and
about career opportunities among the youth of issuers in the capital markets.
Northeastern India through the ‘Khamree Mo Sikkim‘ ● Tata Sons, the parent company of Air India, has introduced
outreach programme. This partnership not only reflects the a new appearance and brand identity for the airline. This
commitment of all stakeholders to the Northeast region but change includes a new logo and design, replacing the well-
also demonstrates the potential for positive change known mascot “Maharaja.” This move comes as part of
through collective efforts. Tata Group’s ongoing efforts to transform Air India since its
acquisition more than a year ago.
● Viacom18, a prominent player in the Indian media and
entertainment industry, has made significant strides in
merging its two Over-The-Top (OTT) platforms, JioCinema
and Voot. The integration process has reached an advanced
stage, with technology backends fully aligned and a
majority of Voot Select subscribers smoothly transitioning
to JioCinema.
● Hyundai Motor Co’s Indian subsidiary has announced its
intention to acquire General Motors‘ Talegaon plant
located in Maharashtra. This strategic move not only allows
General Motors to exit the Indian market but also presents
Hyundai with the opportunity to increase its annual
production capacity.
122 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Wipro Limited has announced the establishment of a ● The Ministry of External Affairs declared that trade
groundbreaking Center of Excellence (CoE) on Generative between India and Malaysia can now be conducted using
Artificial Intelligence (AI) in partnership with the esteemed the Indian Rupee (INR) as a mode of settlement, in addition
Indian Institute of Technology (IIT) Delhi. This to other currencies. This announcement follows the launch
collaboration manifests Wipro’s commitment to drive of the Foreign Trade Policy (FTP) 2023 by the Ministry of
continuous innovation in emerging technologies, Commerce the day before, which reaffirmed the
solidifying its position as a frontrunner in the tech industry. government’s determination to establish the rupee as a
● OpenAI has successfully acquired Global Illumination, an global currency.
ingenious startup based in New York, which harnesses the ● According to a recent report by the World Bank and World
power of AI to craft innovative creative tools, digital Trade Organization (WTO), India has witnessed a
experiences, and robust infrastructure. The acquisition significant increase in its share of global commercial
signals OpenAI’s commitment to amplify its capabilities and services exports. The country’s share has doubled from 2%
revolutionize the AI landscape. in 2005 to 4.4% in 2022. This growth is attributed to various
● Bharat Heavy Electricals Ltd (BHEL), a prominent state- factors, including the rise of the services sector and the
owned engineering company, has successfully developed implementation of reforms to facilitate foreign direct
the first set of indigenous Selective Catalyst Reactors investment (FDI) in services.
(SCR) Catalysts. These catalysts play a crucial role in ● Piramal Finance, a leading housing finance company, has
mitigating nitrogen oxide (NOx) emissions from thermal taken a significant step towards empowering women by
power plants. Previously reliant on imports, this opening its first all-women branch called “Maitreyi” in
achievement underscores the ‘Make in India’ initiative Tripunithura, a suburban area in Kochi.
championed by the government. ● Oil and Natural Gas Corporation (ONGC) has recently
● The Competition Commission of India (CCI) has recently made history by becoming the first Central Public Sector
taken a stern stance against Bharti Airtel, imposing a Enterprise (CPSE) in India to receive certification for its
penalty of Rs 1 crore for its failure to adhere to the Anti-Bribery Management System (ABMS). The
stipulations outlined in Section 6(2) of the Competition certification was awarded by the internationally accredited
Act, 2002. This move comes in relation to Bharti Airtel’s certification body InterCert USA.
acquisition of a stake in Bharti Telemedia from Lion ● India’s small drugmakers in the micro, small, and medium
Meadow Investment Limited, an affiliate entity of Warburg enterprises (MSME) sector will soon be required to adhere
Pincus. to the good manufacturing practices outlined in Schedule M
● Reliance Retail, the retail arm of billionaire Mukesh of the Drugs and Cosmetics Act. Health Minister Mansukh
Ambani-led Reliance Industries Ltd, has taken a significant Mandaviya announced this decision after engaging with
step in the fashion retail sector with the introduction of its industry representatives, emphasizing the need for quality
new brand, Yousta. The brand’s debut was marked by the assurance and reducing compliance burdens.
opening of its flagship store in Hyderabad’s Sarath City ● India’s renowned fintech giant and leading Full-Stack
Mall. Payments and Business Banking Platform, Razorpay, has
● Online grocery delivery startup Zepto has successfully made a significant announcement regarding its first-ever
raised $200 million in a Series-E funding round, achieving a international Payment Gateway for the Malaysian market
valuation of $1.4 billion. This achievement marks Zepto as as it acquires Malaysian fintech start-up ‘Curlec‘ for $20
the first unicorn of 2023. The funding was led by StepStone million, which has been rebranded as ‘Curlec by Razorpay‘.
Group, a US-based private markets investment firm, and is ● Reliance Brands Ltd, a subsidiary of Reliance Industries’
StepStone Group’s inaugural direct investment in an Indian retail arm, Reliance Retail Ventures, is nearing the
company. acquisition of actor Alia Bhatt’s kidswear brand, Ed-a-
● In a significant partnership, ACME Group, a prominent Mamma, at an estimated value of ₹300-350 crore. The
renewable energy company, has joined forces with Tata agreement is anticipated to be concluded in the next seven
Steel Special Economic Zone Ltd. (TSSEZL) to establish to ten days, and it is poised to transform the children’s wear
an expansive green hydrogen and green ammonia project market Reliance Brands’ acquisition of Ed-a-Mamma not
within Odisha’s Gopalpur Industrial Park. only broadens the retail powerhouse’s children’s wear
offerings but also opens up new prospects for Ed-a-Mamma
to strengthen its presence in physical stores.
Business Current Affairs of July ● Jio Financial Services Ltd (JFS) of the Reliance Industries
● The Indian government has taken a significant step towards Ltd Group and global asset manager BlackRock have joined
establishing India’s first carbon market by notifying a draft forces to create a groundbreaking 50:50 joint venture called
framework for the Carbon Credit Trading Scheme, 2023. “Jio BlackRock.” This strategic partnership aims to provide
The framework outlines the regulatory structure and key millions of Indian investors with access to affordable and
stakeholders responsible for the formation and functioning innovative investment solutions through technology-
of the carbon market. enabled platforms.

123 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● On July 26, 2023, Mahindra & Mahindra, a prominent ● The Indian cabinet has given its approval to US chipmaker
Indian conglomerate, confirmed its investment in RBL Micron Technology’s plan to invest $2.7 billion to set up a
Bank by acquiring a 3.53% stake for ₹417 crores. The semiconductor testing and packaging unit in Gujarat. The
acquisition was announced through a regulatory filing, and cabinet approval comes ahead of Prime Minister Narendra
Mahindra & Mahindra expressed its potential to make Modi’s visit to the United States.
further investments in RBL Bank, subject to pricing, ● IT services giant Tata Consultancy Services (TCS) has
regulatory approvals, and required procedures. However, announced a significant expansion of its partnership with
the company clarified that it would not exceed a stake of the UK’s National Employment Savings Trust (NEST), the
9.9%. country’s largest workplace pension scheme.
● NTPC Ltd., India’s largest power generator, has been
Business Current Affairs of June recognized by Team Marksmen as the “Most Preferred
Workplace of 2023-24.”
● The Indian government has announced its intention to sell ● Meta has announced the launch of a new Mixed Reality
up to a 3% stake in Coal India Ltd through the offer for sale (MR) program in India, offering a $250,000 award to support
(OFS) route, according to a recent regulatory filing. homegrown startups and developers in building
● Razorpay, a leading fintech unicorn, has introduced ‘Turbo applications and experiences.
UPI,’ a revolutionary one-step payment solution for the ● GAIL India Limited, a leading natural gas company in India,
Unified Payments Interface (UPI) network.
has been bestowed with the prestigious Authorised
● India’s Tata Group, a leading multinational conglomerate, Economic Operator (AEO) T3 status by the Central Board
has entered into an outline deal to construct a lithium-ion of Indirect Taxes and Customs, Ministry of Finance.
cell factory in Gujarat, India.
● Indian Oil Corp (IOC), one of India’s largest oil refiners, has Business Current Affairs of May
announced its collaboration with LanzaJet, a leading
• Dialog Axiata and Bharti Airtel have signed a term sheet to
sustainable fuels technology company, to establish an
merge their Sri Lankan subsidiaries, giving Airtel a stake in
aviation fuel plant in Haryana.
● India has emerged as the global leader in digital payments Dialog and access to a larger customer base in Sri Lanka.
for the year 2022, surpassing other nations in terms of both • NPCI International Payments Limited has partnered with
value and volume of transactions. The data from the PPRO to expand the reach of RuPay cards and UPI globally,
government’s citizen engagement platform, MyGovIndia, targeting PPRO's clients including payment service
reveals India’s dominant position in the digital payment providers and global merchant acquirers.
landscape, showcasing the country’s robust payment • Airtel Payments Bank partnered with NPCI to offer face
ecosystem and widespread adoption of digital modes. authentication for Aadhaar-enabled Payment System
● The Ministry of Finance announced that the Central (AePS) at its five lakh banking points, along with three other
government had provided the state governments with the banks.
third instalment of tax devolution worth a total of ₹1,18,280 • Adani Ports and Special Economic Zone has sold its
crore. Andhra Pradesh received ₹4,787 crore, while Myanmar port, Coastal International Terminals, for $30
Arunachal Pradesh was given ₹2,078 crore. Assam, Bihar, million following a recommendation by the Risk Committee
Chhattisgarh, and Gujarat received ₹3,700 crore, ₹11,897 in October 2021.
crore, ₹4,030 crore, and ₹4,114 crore, respectively. • Visa has launched a new feature in India that allows users to
● Indian Oil Corp (IOC), one of India’s largest oil refiners, has make online payments without a CVV number for tokenised
announced its collaboration with LanzaJet, a leading credit and debit cards, using a two-factor authentication
sustainable fuels technology company, to establish an process, only available for domestic transactions in India.
aviation fuel plant in Haryana. • BharatPe rebrands PAYBACK India as 'Zillion' loyalty
● State Bank of India (SBI), the country’s largest public program.
sector bank, has presented a dividend cheque of Rs 5,740 • London Stock Exchange Group (LSEG) to establish tech
crore to Finance Minister Nirmala Sitharaman for the center in Hyderabad, India, creating 1,000 jobs.
financial year 2022-23. • European Union regulators gave the green light for
● Indian low-cost carrier IndiGo has made aviation history at Microsoft’s $69 billion acquisition of Activision Blizzard, one
the Paris Air Show 2023 by securing a monumental deal of the world’s largest gaming firms.
with Airbus. The airline has placed an order for 500 Airbus • The Competition Commission of India (CCI) has granted
A320 family aircraft, marking the largest-ever single aircraft approval to the proposed merger of Credit Suisse Group AG
purchase by any airline from Airbus. and UBS Group AG.

124 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
• The German retailer, METRO AG, has announced the full • Paytm Money, a subsidiary of One97 Communications, the
completion of the sale of its Indian cash and Carry business parent entity of Paytm, has recently announced the launch
to Reliance Retail Ventures Ltd (RRVL), which operates the of a bonds platform for retail investors in India.
retail empire of Reliance Industries Ltd. • Google Pay, in collaboration with the National Payments
• Amazon Web Services (AWS) has revealed plans to invest Corporation of India (NPCI), has announced the integration
of RuPay credit cards onto the Unified Payments Interface
$12.7 billion into cloud infrastructure in India by 2030,
(UPI) platform.
aiming to meet the increasing demand for cloud services in
• Gupshup.io, a conversational engagement platform, has
the country. unveiled a groundbreaking solution that enables UPI
• Tata Consultancy Services (TCS), a leading global IT payments for feature phone users through its native app
services company, has expanded its partnership with called GSPay.
Google Cloud and unveiled a new offering called TCS • The Asian Development Bank (ADB) and the Indian
Generative AI. government have recently signed a loan agreement worth
• In a significant development, Bharat Sanchar Nigam Ltd. $141.12 million to support the development of high-quality
(BSNL) has awarded advance purchase orders worth internal infrastructure in Andhra Pradesh (AP).
₹15,700 crore to Tata Consultancy Services (TCS) and ITI Ltd • PhonePe, a Digital payment service provider announced
that it has become the first digital payments app to enable
for the deployment of 100,000 4G sites.
the linkage of 2 lakh Rupay credit cards to the Unified
• According to data from China’s General Administration of Payments Interface (UPI).
Customs, in the first quarter of this year, China exported • International Gemological Institute (IGI), the world’s largest
1.07 million vehicles, a 58% increase compared to the same certification player for lab grown diamonds and the second
period in 2022, becoming the world’s largest exporter of largest certification player for natural diamonds, has been
cars, surpassing Japan. fully acquired by global private equity firm Blackstone.

India’s GDP Reports by Different Organizations


India’s GDP Reports by Different Organization of June
S.No. Name of Organization GDP Growth of India predicted
Revised its GDP forecast for India, predicting a growth rate of 6.3% for the
1. Fitch
financial year 2023-24 (FY24).
2. The World Bank India’s GDP growth forecast for the fiscal year 2024 to 6.3%,
3. Moody’s Investors Service Forecasted a growth rate of 6-6.3% for India’s GDP in the June quarter.
India’s economy showcased significant growth in the January-March quarter of
4. National Statistical Office (NSO).
2022-23, with a GDP growth rate of 6.1%
Revised its projection for India’s annual growth rate, raising it to 5.5% for fiscal
5. J.P. Morgan
year 2024.
SBI Ecowrap, released by the
6. GDP (gross domestic product) is expected to grow at a rate of 7.1% in FY23
National Statistical Office (NSO)
Retained India’s GDP growth projection at 6 percent for the fiscal year 2023-
7. S&P Global Ratings
2024.

India’s GDP Reports by Different Organization of May


S.No. Name of Organization GDP Growth of India predicted
1. Morgan Stanley India’s economic recovery has gained significant momentum, positioning the country as
a key contributor to global GDP growth, according to a recent report by Morgan Stanley.
With various indicators pointing towards a robust and broad-based recovery, India is
expected to contribute 16% to global GDP growth over the period of 2023-2024.
2. World Economic Situation India’s economy is projected to grow by 6.7% in the calendar year 2024.
and Prospects report
released by the United
Nations,

125 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Defense Current Affairs
Defense Current Affairs of October sides, emphasizing the significance of enhancing
interoperability, sharing tactical drills, and promoting best
● The Indian Navy is preparing to host the second edition of practices.
the Naval Innovation and Indigenization Seminar, known as ● State-run aircraft manufacturer Hindustan Aeronautics
Swavlamban, scheduled to take place on October 4th and Limited (HAL) recently delivered the first trainer version of
5th in the vibrant city of New Delhi. This eagerly anticipated the Light Combat Aircraft (LCA) Tejas to the Indian Air
event promises to be a milestone moment, showcasing Force (IAF). This milestone is significant, as the twin-seater
groundbreaking developments in naval technology. In Tejas trainer will play a crucial role in training IAF pilots and
particular, the Indian Navy is set to unveil two remarkable can also serve as a fighter aircraft when needed.
platforms at this event: the Autonomous Weaponized ● The Emergency Procurement Power (EP) was granted to
Boat Swarms and the Autonomous Vessel Underwater India’s armed forces as an interim measure following the
(AUV). 2016 Uri attacks. This power allowed them to bypass the
● The Indian Air Force (IAF) is making significant strides lengthy procurement process and quickly acquire essential
towards enhancing its air defense capabilities with the equipment and technology. The EP was extended to all
impending induction of indigenous Astra Beyond Visual three branches of the military – the Army, Navy, and Air
Range (BVR) Air-to-Air Missiles. The IAF has entered into Force. In EP-IV, all schemes, amounting to nearly Rs 11,000
contracts with Bharat Dynamics Limited (BDL) for these crore, were contracted with Indian vendors.
advanced missiles, marking a crucial step towards reducing ● The Indian Air Force (IAF) celebrated its 91st anniversary
import dependency and bolstering national security. at the Bamrauli Air Force Station in Prayagraj, Uttar
● Vice Admiral Tarun Sobti, AVSM, VSM, took over as the Pradesh. The occasion was marked by the unveiling of the
Deputy Chief of the Naval Staff, marking a significant new IAF ensign by Air Chief Marshal V.R. Chaudhari. This
transition in the leadership of the Indian Navy. With a significant event witnessed several historic firsts, including
distinguished career spanning over 35 years, Vice Admiral the inclusion of the Air Force crest and the first-ever woman
Tarun Sobti brings a wealth of experience and expertise to officer to command the Air Force Day Parade, Group
his new role. Captain Shaliza Dhami among others.
● Air Chief Marshal VR Chaudhari announced that the Indian ● The Indian Navy, known for its commitment to excellence
Air Force (IAF) is set to procure a range of weapon systems, and continuous improvement, has embarked on a
including aircraft, helicopters, and missiles, with an transformative initiative known as the ‘360 Degree
estimated cost ranging from Rs 2.5 lakh crore to Rs 3 lakh Appraisal Mechanism.’ This initiative recognizes the
crore over the next six to seven years. This move aligns with invaluable contributions of both women and men in whites
the government’s push for self-reliance in defense and aims to enhance their professional and personal
production. development.
● India and Bangladesh commenced the 11th edition of ● The United Service Institution of India (USI), the nation’s
their annual joint military exercise, SAMPRITI, in Umroi, oldest think tank, is set to host the first-ever Indian Military
Meghalaya. This collaborative endeavor, organized Heritage Festival (IMHF), scheduled for October 21 and 22.
alternately by both countries, highlights their robust This groundbreaking event aims to fill a void in the national
bilateral defence cooperation initiatives. Since its inception discourse and cultural calendar by shedding light on India’s
in Jorhat, Assam, in 2009, SAMPRITI has successfully rich military history, contemporary security concerns, and
conducted ten editions until 2022. the pursuit of self-reliance in military capabilities through
● Amidst its ongoing efforts to modernize and replace its the Atmanirbhar Bharat programs.
aging Russian-origin aircraft, the Indian Air Force (IAF) has ● The Annual Joint Humanitarian Assistance and Disaster
announced plans to retire its iconic MiG-21 fighter jets and Relief Exercise (AJHE) is a significant initiative that has
replace them with the indigenous Light Combat Aircraft evolved since its inception in 2015. It is a direct outcome of
(LCA) Mark 1A. Air Chief Marshal VR Chaudhari made this the directive issued during the Combined Commanders'
significant revelation during a press conference held in Conference of 2015 by India's Honorable Prime Minister.
Delhi ahead of the Air Force Day celebrations scheduled Since then, AJHE, known as CHAKRAVAT, has grown into
for October 8th in Prayagraj. a multi-agency endeavor that includes the active
● India and Bangladesh commenced the 11th edition of participation of India's armed forces, paramilitary forces,
their annual joint military exercise, SAMPRITI, in Umroi, disaster response organizations, non-governmental
Meghalaya. This collaborative endeavor, organized organizations (NGOs), academic institutions, and
alternately by both countries, highlights their robust international organizations. The 2023 edition of AJHE
bilateral defence cooperation initiatives. Since its inception promises to further synergize national efforts and expand
in Jorhat, Assam, in 2009, SAMPRITI has successfully its scope by involving eight countries from the Indian Ocean
conducted ten editions until 2022. SAMPRITI-XI, spanning Region.
14 days, engages approximately 350 personnel from both
126 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Defense Current Affairs of September ● After an order was approved by the Jammu and Kashmir
administration regarding the renaming of Udhampur
● The Indian Air Force (IAF) has kicked off its annual mega railway station, the Northern Railway has notified the
training exercise, Trishul, which is a crucial event aimed at change in the name to ‘Martyr Captain Tushar Mahajan
bolstering its operational readiness and capabilities. This
Railway Station’, in honour of the Army braveheart. ·
extensive exercise is organized by the Western Air
● The 30th edition of the Singapore India Maritime Bilateral
Command (WAC) and spans a vast geographical area, from
Exercise (SIMBEX) has commenced, marking another
Leh in Kashmir to Nal in Rajasthan.
milestone in the strong and enduring partnership between
● The Indian Air Force (IAF) is collaborating with the Drone
the Indian Navy and the Republic of Singapore Navy (RSN).
Federation of India to co-host ‘Bharat Drone Shakti 2023.’
This annual naval exercise, which began in 1994, stands as
This upcoming event, scheduled for the 25th and 26th of
September 2023, will take place at the IAF’s airbase in a testament to the deep-rooted maritime cooperation
Hindan (Ghaziabad). It is anticipated to be a pioneering between the two nations. Indian Naval Ships Ranvijay and
exhibition highlighting the prowess of the Indian drone Kavaratti, alongside the submarine INS Sindhukesari,
industry, with more than 50 live aerial demonstrations. have arrived in Singapore to participate in SIMBEX-2023.
● Indian Navy’s INS Sumedha arrived at Port Alexandria, The exercise also sees the inclusion of the Long-Range
Egypt to participate in ‘Exercise BRIGHT STAR- 23’. This Maritime Patrol Aircraft P8I·
edition of the multinational Tri-Services military exercise ● Israel unveiled its cutting-edge main battle tank, the
will see participation from 34 countries. It is the largest ever Merkava Mark 5, known as “Barak,” signifying a significant
joint military exercise in the Middle East and North Africa leap in technological advancement and military capability.
region. This joint military exercise, hosted in Egypt, marks The development of the Barak tank involved collaboration
a historic milestone for the Indian Navy and strengthens between the Israeli Defense Ministry’s Armored Vehicles
India’s diplomatic and strategic ties with partner nations. Directorate, the IDF’s Ground Forces, Armored Corps, and
● The Indian and French Navies, steeped in rich maritime multiple Israeli defense companies, including Elbit Systems,
traditions and strategic cooperation, recently concluded Rafael, and the Israel Aerospace Industries’ subsidiary, Elta.
the Phase II of the 21st edition of the Varuna naval exercise, ● In a significant development, India’s Defence Acquisition
Varuna-23. Held in the Arabian Sea, this exercise Council (DAC) has given the green light to several capital
exemplifies the commitment of both nations to enhance acquisition proposals, including the indigenous Dhruvastra
their warfighting capabilities, improve interoperability, and short-range air-to-surface missile. This precision-guided
promote peace, security, and stability in the region. weapon is designed for deployment on the indigenously
● A groundbreaking collaboration between global defense built DHRUV MK-IV helicopters and is poised to elevate
and security company BAE Systems and India’s Larsen & India’s combat capabilities against enemy tanks and
Toubro (L&T) is set to revolutionize the Indian defense armored vehicles significantly.
landscape. The partnership aims to introduce the world- ● The 19th edition of YUDH ABHYAS is set to commence in
leading Articulated All-Terrain Vehicle (AATV), known as Alaska, USA. This annual exercise is a collaborative effort
the ‘BvS10,’ to the Indian armed forces. between the Indian Army and the US Army, aimed at
● ‘Operation Sajag,’ a comprehensive drill was conducted by strengthening military cooperation and readiness. The lead
the Indian Coast Guard along the west coast on September battalion representing India hails from the esteemed
18, 2023. It is a significant event in the realm of coastal MARATHA Light Infantry Regiment.
security. This operation involves all stakeholders in the
● Defence Minister Rajnath Singh is set to inaugurate the
coastal security construct and plays a pivotal role in
Bharat Drone Shakti-2023 exhibition at Hindan Air Base in
revalidating the coastal security mechanism while
Ghaziabad, Uttar Pradesh. In addition to the exhibition,
enhancing awareness among fishermen operating at sea.
Defence Minister Rajnath Singh will formally induct the C-
● The Indian Navy is all set to host the second edition of the
295 transport aircraft into the Indian Air Force. Key military
Naval Innovation and Indigenisation (NIIO) Seminar, known
officials, including IAF Chief Air Chief Marshal VR
as ‘Swavlamban 2023,’ scheduled to take place on 4th and
5th October 2023. This event follows the maiden edition of Chaudhari, will be in attendance for this significant event.
the seminar, which was held in July 2022 and marked a ● India, on a mission to enhance its infrastructure along the
significant milestone in the Navy’s quest for innovation and country’s remote frontiers, has recently unveiled a
self-reliance. groundbreaking policy aimed at dignifying the lives of
● India’s defense capabilities receive a significant boost with casual workers employed by the Border Roads
the development of the P-7 Heavy Drop Parachute Organisation (BRO). Defence Minister Rajnath Singh
System, an indigenous marvel designed to enhance the approved this policy, which not only addresses the
paradropping capabilities of the country’s Armed Forces. preservation and transportation of mortal remains but also
This innovative system, entirely developed within India, raises funeral expenses. This move emphasizes the perilous
promises to revolutionize the way military stores are nature of the work undertaken by these individuals in
paradropped on the battlefield. challenging terrains.
127 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Defence Minister Rajnath Singh is set to inaugurate the Defense Current Affairs of August
Bharat Drone Shakti 2023 exhibition at Hindan Air Base in
● Indian Air Force (IAF) received air-launched Israeli Spike
Ghaziabad, Uttar Pradesh. In addition to the exhibition,
Non Line of Sight (NLOS) Anti-Tank Guided
Defence Minister Rajnath Singh will formally induct the C-
Missiles(ATGM) from Israel which can hit targets upto 50 km
295 transport aircraft into the Indian Air Force. Key military from a helicopter and 32 km from the ground. The NLOS
officials, including IAF Chief Air Chief Marshal VR missiles will be integrated with the fleet of Russian-origin
Chaudhari, will be in attendance for this significant event. Mi-17V5 helicopters, manufactured by Kazan Helicopters.
● On a momentous day in the history of the Indian Air Force ● India’s indigenous Nag Anti-Tank Guided Missile (ATGM)
(IAF), Defence Minister Rajnath Singh formally inducted the and the variant of HELINA (Helicopter-launched NAG)
first C-295 medium tactical transport aircraft into the Weapon System called ‘Dhruvastra’ are set to be inducted
IAF’s arsenal. This landmark event took place in the into the Indian army and Indian Air Force (IAF) after clearing
presence of Air Chief Marshal VR Chaudhari and other top all the trials. Both the Nag ATGM and Helina (Dhruvastra)
military officials in Ghaziabad. The C-295 aircraft represents missiles are developed by Defence Research and
a significant upgrade for the IAF, offering versatility and Development Organisation(DRDO) and manufactured by
Bharat Dynamics Limited(BDL). Nag is the surface-to-air
modern capabilities for a wide range of missions.
missile and Dhruvastra is the air-to-surface missile.
● The 13th Indo-Pacific Armies Chiefs Conference (IPACC)
● The Indian Army has recently inducted a new addition to its
took place from September 26 to 27, 2023, at the
arsenal, the “Swathi Mountains,” a lighter and more
Manekshaw Centre in New Delhi. This biennial event, co- compact version of the indigenous Weapon Locating
hosted by the Indian Army and the US Army Pacific, Radar (WLR-M). This advanced radar system, developed by
brought together army chiefs from 30 Indo-Pacific nations Bharat Electronics Limited (BEL) in Bengaluru, holds a
to deliberate on security cooperation, collective strategies, pivotal role in enhancing military operations, particularly in
and pressing regional issues. challenging terrains. Let’s delve deeper into the features,
● The Indian Air Force (IAF) has recently celebrated the capabilities, and significance of this cutting-edge
arrival of the first of six state-of-the-art Dornier Do-228 technology.
aircraft, exclusively manufactured by Hindustan ● The eagerly anticipated Malabar series of naval exercises,
Aeronautics Limited (HAL). This upgraded version of the involving the maritime forces of India, Japan, the United
aircraft is set to bolster the IAF’s operational capabilities States, and Australia, is about to kick off along the eastern
coast of Australia. This iteration of the exercises will be
with its advanced features, marking a significant milestone
centered on enhancing anti-submarine warfare capabilities,
in the modernization efforts of the Indian defense forces.
signaling the participants’ shared commitment to maritime
● Taiwan, a self-governing island in East Asia, has recently
security and cooperation in the Indo-Pacific region.
unveiled its first domestically-made submarine, named ● In a significant step towards strengthening its cyber
the Haikun, in a move to bolster its defenses against the defenses, India’s Ministry of Defence has taken a decisive
ever-present threat of a possible Chinese attack. President step by opting to replace the Microsoft operating system
Tsai Ing-wen presided over the launch ceremony in the port with a domestically developed alternative named the
city of Kaohsiung, marking a significant milestone in ‘Maya‘ operating system. This strategic move aims to
Taiwan’s military capabilities. elevate the nation’s cybersecurity measures in the face of
escalating cyber threats.
● 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 four new 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.
● In a significant stride towards indigenous manufacturing
and innovation, the state-owned company Advanced
Weapons and Equipment India Limited (AWEIL), based in
Kanpur, Uttar Pradesh, is all set to unveil ‘Prabal‘, India’s
first long-range revolver. The launch date is marked for
August 18, ushering in a new era of personal defense
firearms.

128 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● In a notable display of maritime cooperation, the guided ● Chief of the Naval Staff and Commandant of Philippine
missile corvette INS Kulish made its presence felt during Coast Guard signed the Standard Operating Procedure
Singapore’s 77th Independence Day festivities. As part of (SOP) for exchange of White Shipping Information on 23
its ongoing engagement in the multinational SEACAT 2023 August 2023. The signing of the SOP between Philippine
exercise, the crew and officers of INS Kulish celebrated the Coast Guard and Indian Navy would facilitate the
occasion at the High Commission of India in Singapore. operationalization of information exchange on merchant
● In a significant development aimed at enhancing the shipping traffic, which will contribute to enhanced maritime
operational capabilities of the Indian Navy, the Central safety and security in the region.
Government has granted its final approval for a pivotal ● An Indian Air Force (IAF) contingent has embarked on a
project to construct five fleet support ships. These vessels, significant journey, marking the first-ever participation in
designed to serve as vital logistical lifelines, will play a Exercise BRIGHT STAR-23. This biennial multilateral tri-
crucial role in replenishing warships with essential supplies service exercise is taking place at Cairo (West) Air Base in
including fuel, food, and ammunition during missions. Egypt, spanning from August 27 to September 16, 2023.
● To commemorate 75 years of Independence, various Air The participation of the IAF in this exercise underscores a
Force Stations in and around Delhi celebrated the Azadi new chapter of cooperation and collaboration among
Ka Amrit Mahotsav (AKAM) from 09 to 15 August 2023. The nations.
events were organized under the aegis of the ‘Meri Maati
● India’s defence sector is poised to achieve a significant
Mera Desh Compaign’, launched by the Government of
milestone as the country’s latest warship, Mahendragiri, is
India as a continuation for celebration of AKAM.
set to be launched on September 1 at the Mazagon Dock
● The Indian Air Force (IAF) is gearing up to host a colossal
Shipbuilders in Mumbai. The launch of Mahendragiri, the
multilateral military exercise, ‘Tarang Shakti‘, which was
seventh and final stealth frigate of Project 17A,
originally slated for October but has been rescheduled to
symbolizes the remarkable progress India has made in
the middle of 2024. The decision to push the exercise to
constructing a self-sufficient naval force.
next year comes as several participating air forces
expressed their inability to join the wargame if held in the
current year. Defense Current Affairs of July
● In a significant stride towards bolstering India’s maritime ● The government has named Lt Gen M U Nair as the newly
prowess, President Droupadi Murmu inaugurated the latest appointed National Cybersecurity Coordinator (NCSC). Lt
addition to the Indian Navy’s fleet, INS Vindhyagiri. The Gen Nair, who took on the role of the 28th Signal Officer-in-
launch event was held at the Kolkata-based Garden Reach Chief in July 2022, brings a wealth of experience and
Shipbuilders and Engineers (GRSE).
expertise in the areas of cyber warfare, signal intelligence,
● The Ministry of Defence (MoD) took a significant step
and communication and information technology.
towards bolstering the Indian Navy’s operational
● The seventh edition of the bilateral Japan-India Maritime
capabilities by signing a groundbreaking contract with
Exercise 2023 (JIMEX 23) is set to take place from 5th to
Hindustan Shipyard Limited (HSL), a state-owned
10th July 2023 in Visakhapatnam, India. This exercise marks
company based in Visakhapatnam. This pioneering
the 11th anniversary of JIMEX since its inception in 2012 and
endeavor is set to provide unprecedented advantages to the
aims to enhance the interoperability and cooperation
Indian Navy, enabling prolonged and sustained missions
without the need to return to port. The overall cost of this between the Japanese Maritime Self Defence Force
venture is estimated to be approximately ₹19,000 crore. (JMSDF) and the Indian Navy.
● The Indian Navy’s submarine, INS Vagir, has made history ● The Indian Navy and the US Navy successfully concluded
by achieving an impressive milestone – it now holds the the seventh edition of the Indian Navy – US Navy (IN –
record for the longest-ever deployment of any scorpene- USN) Salvage and Explosive Ordnance Disposal (EOD)
class submarine. The submarine covered an astonishing exercise, SALVEX, held from June 26 to July 6, 2023, in
distance of 7,000 kilometers on its journey to Australia to Kochi. This joint exercise has been a regular feature since
participate in joint military exercises, marking a significant 2005, promoting collaboration and cooperation between
moment for both naval prowess and international the two navies in the fields of salvage and EOD operations.
cooperation. ● India and the United States recently joined forces in
● The Light Combat Aircraft (LCA) Tejas achieved a Operation Broader Sword, a multi-agency operation
significant milestone as it successfully fired the Astra aimed at preventing the illegal shipment of
indigenous Beyond Visual Range (BVR) air-to-air missile pharmaceuticals, devices, and precursor chemicals through
off the coast of Goa. This achievement marks a notable the International Mail System (IMS). The operation,
advancement in the Indian defense capabilities and conducted in June 2023, resulted in the interception of over
showcases the country’s progress in developing cutting- 500 shipments of illicit and unapproved prescription drugs
edge military technology. bound for US consumers.

129 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● North Korea has launched an unidentified ballistic missile ● The Defence Minister of Argentina visited Bengaluru where
off its eastern coast, as confirmed by statements from he signed a Letter of Intent (LoI) with Hindustan
South Korea’s Joint Chiefs of Staff and Japan’s military. The Aeronautics Limited to foster cooperation between the
missile launch followed a series of strongly worded two parties for the acquisition of Light and Medium Utility
grievances from North Korea regarding US military Helicopters for the armed forces of Argentina. This LoI
operations, including accusations of airspace violations by signifies a commitment to productive collaboration
American spy planes in its economic zones and between HAL and the Ministry of Defence of The Republic
condemnation of the visit of a US nuclear-powered cruise of Argentina.
missile submarine to South Korea. ● The Ministry of Culture and the Indian Navy have
● The Defence Acquisition Council (DAC), chaired by Raksha collaborated through a Memorandum of Understanding
Mantri Shri Rajnath Singh, convened on July 13, 2023, and (MoU) to revive and preserve the ancient 2000-year-old
approved three significant proposals aimed at bolstering shipbuilding technique known as the ‘stitched shipbuilding
India’s naval capabilities. Under the first proposal, the DAC method‘ or ‘Tankai method’.
granted Acceptance of Necessity (AoN) for the ● The second edition of “G20 THINQ” has been launched by
procurement of 26 Rafale Marine aircraft from the French the Indian Navy and the Navy Welfare and Wellness
Government. This procurement will include associated Association (NWWA), with the support of the G20
ancillary equipment, weapons, simulators, spares, Secretariat. Its purpose is to unite youth from diverse
documentation, crew training, and logistic support for the regions and geographies, fostering lasting friendships with
the spirit of ‘Vasudaiva Kutumbakam’ – World is One
Indian Navy.
Family.
● With the aim of fostering digitalization in the maritime
● Indian Naval Ship Kirpan, a corvette that served the Indian
domain, Sarbananda Sonowal, the Union Minister of Ports,
Navy for 32 years, has been decommissioned and handed
Shipping, and Waterways, launched Sagar Sampark, an
over to the Vietnam People’s Navy (VPN) in a ceremony
indigenous Differential Global Navigation Satellite System
held at Cam Ranh, Vietnam. The momentous occasion
(DGNSS).
marked the first time India has transferred a fully
● A group of 43 Indian Army personnel departed for Mongolia
operational corvette to a foreign country.
today to take part in the 15th edition of the joint military
● Australia’s largest bilateral military exercise with United
exercise called “NOMADIC ELEPHANT-23.” The exercise is States, Exercise Talisman Sabre, officially commenced,
set to occur in Ulaanbaatar, Mongolia from July 17th to July with an opening ceremony on-board HMAS Canberra. Now
31st, 2023. NOMADIC ELEPHANT is an annual training in its tenth edition, 2023 is the largest Exercise Talisman
event between India and Mongolia, held alternately in both Sabre in terms of its geographical area and the number of
countries. The previous edition took place in October 2019 participating partners.
at the Special Forces Training School in Bakloh, India. ● Shri Sanjay Chander, Director General of Railway
● A joint naval exercise called “Security Bond-2023” has been Protection Force (RPF), unveiled the recently constructed
initiated by China, Russia, and Iran in the Gulf of Oman. This National Martyr’s Memorial and National Museum for
exercise, spanning five days, aims to safeguard critical Railway Security at Jagjivan RPF Academy, Lucknow, Uttar
maritime routes. The exercise will encompass various Pradesh.
activities such as aerial search operations, sea rescue ● The Central Reserve Police Force (CRPF), observed its
operations, fleet formation exercises, and other assigned 85th Raising Day on 27 July 2023. The day celebrates the
tasks. immense and unparalleled contribution of the force in
● Jammu-Kashmir continues Operation Trinetra-II in upholding the unity, integrity, and sovereignty of the
Sindarah and Maidana of Surankote tehsil on 17th July to nation. CRPF is India’s largest Central Armed Police Force,
neutralize hiding terrorists. which operates under the authority of the Ministry of Home
● INS Sahyadri and INS Kolkata, the two flagship ships of the Affairs (MHA).
Indian Navy, reached Jakarta to take part in a bilateral ● Pixxel, a prominent space-tech startup supported by
maritime exercise alongside the Indonesian Naval Forces. renowned entities such as Google, Blume Ventures, and
Upon their arrival in Jakarta, The Indonesian Navy extended Omnivore VC, has been awarded a significant grant from
a warm welcome to both naval ships deployed for the iDEX (Innovations For Defence Excellence), an initiative
South-Eastern Indian Ocean Region (IOR) mission. established by the Ministry of Defence. This grant will
● The commercial vehicles manufacturer, Ashok Leyland enable Pixxel to develop small, multi-purpose satellites for
recently disclosed securing defense contracts valued at Rs the Indian Air Force, contributing to India’s ambitious
800 Crore. These contracts entail the supply of specialized space and defense plans. The grant is part of the Mission
4×4 Field,Artillery Tractors and 6×6 Gun Towing Vehicles to DefSpace Challenge under the broader iDEX Prime (Space)
the Indian army within the next 12 months. initiative.

130 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Defense Current Affairs of June ● The India-United States Defence Acceleration Ecosystem
(INDUS X) was launched at an 2-day event in Washington
● India’s defense exports have achieved a record-breaking DC which was co-organised by Innovations for Defence
milestone, skyrocketing from 686 crore rupees in 2013-14 Excellence (iDEX), Ministry of Defence and US Department
to nearly 16 thousand crore rupees in 2022-23. of Defence (DoD).
● The North Atlantic Treaty Organization (NATO) countries ● The Defense Research and Development Organization
have kicked off military exercises with a pledge to defend (DRDO) recently unveiled a comprehensive list of 75
their newest member, Finland, which is hosting its first joint technology priority areas aimed at bolstering the
training in the Arctic region since becoming part of the
indigenous defence manufacturing sector in India.
Western alliance in April.
● Shalini Singh made history as she completed the
mountaineering course in the Himalayan area of Defense Current Affairs of May
Uttarakhand as the country’s first female NCC cadet. • Indian Naval Ships Satpura and Delhi led by RAdm
● The first edition of India, France, and United Arab Gurcharan Singh arrived in Singapore for the ASEAN India
Emirates (UAE) Maritime Partnership Exercise Maritime Exercise 2023 from May 2nd to May 8th.
commenced on 7th June 2023 in the Gulf of Oman. • BRO is holding "Ekta Evam Shradhanjali Abhiyan" as part of
● The Indian Navy carried out a massive operation in the its 64th BRO Day Celebrations to honor its Karmyogis for
Arabian Sea involving more than 35 aircraft as part of a their contributions to nation-building.
Carrier Battle Group (CBG). This was one of the most
• IAF's Shivangi Singh, the first woman pilot to fly the Rafale
significant demonstrations of the Navy’s operational
fighter jet, will participate in Exercise Orion in France.
capabilities to date, and comes at a time when there are
• Indian Navy and DRDO conduct first successful test of
increasing Chinese forays into the Indian Ocean.
locally-made Air Droppable Container 'ADC-150' from IL
● The 12th edition of the joint military exercise “Ex Ekuverin”
38SD aircraft off the coast of Goa.
between the Indian Army and the Maldives National
Defence Force has commenced at Chaubatia, Uttarakhand. • Defence Minister Rajnath Singh opens Indian Air Force
● The fourth ship of the Survey Vessels (Large) (SVL) Heritage Centre in Chandigarh.
Project, named ‘Sanshodhak’ meaning ‘Researcher’, was • 'Buland Bharat' exercise showcases integrated training in
launched at Kattupalli, Chennai by L and T/ GRSE for the Arunachal Pradesh.
Indian Navy. • Border Roads Organisation Project Dantak aids Bhutan's
● In anticipation of Prime Minister Narendra Modi’s upcoming infrastructure development.
visit to the United States, the Defence Ministry of India has • INS Magar, the oldest Landing Ship Tank (Large), was
granted approval for the acquisition of ‘Predator (MQ-9 decommissioned by the Indian Navy after 36 years of
Reaper) drones’ from America service on May 06 at the Naval base in Kochi.
● INS Dega: Vice Admiral Biswajit Dasgupta, Flag Officer • Indian Air Force receives indigenous loitering munitions by
Commanding-in-Chief of Eastern Naval Command, TASL for precision strikes.
officially opened the Naval Airfield Integrated Security • India's first C295 aircraft completes inaugural flight in Spain.
System (NAISS) and the Naval Anti-Drone System (NADS) • Indian and Thai Navies conduct 35th Indo-Thai CORPAT in
at INS Dega in Visakhapatnam, both of which were created Indian Ocean.
in India. • The ASW Corvette, INS Kavaratti, has reached Batam,
● The Indian Navy recently launched an outreach program Indonesia to participate in the 4th India-Indonesia Bilateral
called “Julley Ladakh” (Hello Ladakh) to increase exercise, Samudra Shakti-23.
awareness about the Navy and engage with the youth and • Jyotiraditya Scindia. In an address during the curtain raiser
civil society in the pristine state of Ladakh. Vice Admiral event for Wing India 2024 in New Delhi.
Sanjay Jasjit Singh,· the Vice Chief of Naval Staff, flagged • India’s defence sector as the value of defence production in
off a 5000 km Motorcycle Expedition on June 15, 2023, from the country crossed ₹1 lakh crore for the first time.
the National War Memorial as part of this initiative.
• The Indian Navy’s sixth and final Kalvari class submarine,
● The Multinational Peacekeeping Joint Exercise “Ex Khaan
Vaghsheer, has begun its sea trials.
Quest 2023” has commenced in Mongolia, featuring
• India has taken an initiative to aid those affected by Cyclone
military contingents and observers from over 20 countries.
Mocha in Myanmar by launching “Operation Karuna.”
● As part of the International Day of Yoga, naval ships
deployed in the Indian Ocean region are visiting ports of • Marking a significant milestone in the growing defense
friendly foreign nations and promoting the message of cooperation between India and the Kingdom of Saudi
‘Vasudhaiva Kutumbakam’ (the world is one family). This Arabia, the INS TARKASH and INS SUBHADRA have arrived
initiative, known as the ‘Ocean Ring of Yoga,’ aims to at Port Al-Jubail to commence the second edition of the
strengthen bonds and foster harmony among nations. naval exercise, ‘AL-MOHED AL-HINDI 2023.’
● Raksha Mantri Shri Rajnath Singh inaugurated the • The Sapta Shakti Command of the Indian Army recently
Integrated Simulator Complex (ISC) ‘Dhruv’ at the conducted the highly anticipated exercise ‘Sudarshan
Southern Naval Command in Kochi on June 21, 2023. Shakti 2023’.

131 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Equipment’s
Equipment’s of June
EQUIPMENT BUILDER IMP. FACTS
Warship from the Khukri class commissioned in
INS Kirpan Garden Reach Shipbuilders and Engineers
1991
Larsen & Toubro (L&T) and the Defence
Indigenous Air Independent
Research and Development Organisation For the submarines in the Indian Navy
Propulsion (AIP) System
(DRDO)
successfully conducted the maiden pre-induction
Defence Research and Development
Agni Prime night launch of the new-generation ballistic
Organisation (DRDO)
missile

Awards & Recognition


Awards & Recognition of October
S. No. Name of Award Winner
1. Global Indian Award N.R. Narayana Murthy, Sudha Murthy
2. Tata Literature Live! Lifetime Achievement Award Tamil writer Ambai
3. Bal Sahitya Puraskar Dilip Nongmaithem
4. Dutch Spinoza Prize Dr. Joyeeta Gupta
5. Satyajit Ray Excellence in Film Lifetime Award Michael Douglas
6. President’s Colour award 3rd Battalion of the Naga Regiment, also known as 3 Naga

Awards & Recognition of September


S.No. Name of Award Winner
1. World Innovation Award at the first BRICS Innovation Forum Shanta Thoutam
2. Dr V G Patel Memorial Award-2023 Satyajit Majumdar
Baillie Gifford Prize for Non-Fiction for book ‘The Song of the Cell: An Exploration of Medicine Dr Siddhartha
3.
and the New Human’ Mukherjee
4. Miss International India 2023 Praveena Anjana
‘Green Railway Station’ certification with the highest rating of Platinum by the Indian Green Vijayawada Railway
5.
Building Council (IGBC) Station
6. Safety Innovation Award 2023’ RITES Limited
Brig Sanjay Kumar
7. Dr AM Gokhale Award
Mishra
8. ‘Lifetime Achievement Award-Academia Professor Najma Akhtar
9. Chevalier de l’Ordre des Arts et des Lettres Rahul Mishra
National Medical
10. Recognition Status from the World Federation for Medical Education Commission (NMC) of
India
11. Borlaug Field Award for 2023 Swati Nayak
Mathematician Ruixiang
12. 2023 SASTRA Ramanujan Prize
Zhang

132 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Awards & Recognition of August
S.No. Name of Award Winner
1. Lokmanya Tilak National Award Narendra Modi
Lifetime Achievement Award of RICS (Royal
2. Subhash Runwal
Institution of Chartered Surveyors)
National Automated Fingerprint Identification System (NAFIS) of
3. Gold Award
the National Crime Records Bureau (NCRB)
Raj Chetty, an Indian-American economist, and Michael Springer, a
4. Harvard University’s George Ledlie Prize
biologist
Eiha Dixit, Manya Harsha, Nirvaan Somany, Mannat Kaur Karnav
5. 2023 International Young Eco-Hero Award
Rastogi.
6. Udyog Ratna’ award Ratan Tata
7. Grand Cross of the Order of Honour Prime Minister Narendra Modi
The SVAMITVA (Survey of Villages Abadi and Mapping with
8. National Award for e-Governance 2023
Improvised Technology in Village Areas) Scheme
9. Miss Earth India 2023 Priyan Sain

Awards & Recognition of July


S.No. Name of Award Winner
1. PEN Pinter Prize 2023. Michael Rosen
2. Points of Light award Rajindar Singh Dhatt
3. Elephant Family environmental award Kartiki Gonsalves
4. ASSOCHAM Business Excellence Awards 2023 NMDC (National Mineral Development
Corporation),
5. Grand Cross of the Legion of Honour Prime Minister Narendra Modi
6. SKOCH Award Jammu & Kashmir Rural Livelihood (JKRL)
7. Swachhta Pakhwada Awards 2023 SJVN Limited
8. Eni Award Prof Thalappil Pradeep
9. British Prime Minister’s Points of Light award Moksha Roy
10. Rising Global Superstar of Indian Cinema award Kartik Aaryan
11. 2023 Literary Award for her novel ‘Chai Time at Cinnamon Shankari Chandran
Gardens’.
12. UNESCO’s Asia Pacific Cultural Heritage Award Mumbai’s Byculla Railway Station

Awards & Recognition of June


S.No. Name of Award Winner
Department of Animal Husbandry and Fisheries,
1. Skoch SILVER Award 2023
Chandigarh
2. Grand Order of the Chain of the Yellow Star President Droupadi Murmu
Director of Gulf of Mannar Marine National Park
3. Michel Batisse Award
Jagdish S Bakan
4. Christopher Bland Prize 2023 Paterson Joseph
5. National Accreditation Board of Education accredition. The Geological Survey of India Training Institute
6. All Film Festival special prize in the ‘Health for All’ category ‘When Climate Change Turns Violent
Chennai-based lawyer and activist Lalitha Natarajan
7. 2023 Iqbal Masih Award
Ravin
133 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
S.No. Name of Award Winner
8. Governor of the Year Award for 2023. Shaktikanta Das
Historian and writer Ramchandra Guha’s book Rebels
9. Elizabeth Longford Prize for Historical Biography 2023.
Against the Raj: Western Fighters for India’s Freedom
10. The Gandhi Peace Prize for 2021 Gita Press, Gorakhpur
11. Peace Prize of the German Book Trade for 2023 Salman Rushdie
12. 45th European Essay Prize Arundhati Roy
13. International Olympic Committee “Olympic Order” Dr. Tedros Ghebreyesus
14. Prof. Kothapalli Jayashankar Award Acharya N. Gopi
15. National Water Awards in states level Madhya Pradesh
16. Egypt Order of the Nile Narendra Modi
17. Doctorate by Birmingham City University (BCU) in England Shankar Mahadevan
Indian Medical Association (IMA) awards under the category of
18. Dr. K. Venugopal
community service
Prestigious Sahitya Akademi Bal Sahitya Puraskar 2023 in the
19. Malayalam language for her novel “Perumazhayathe Priya A S
Kunjithalukal”
20. Great Immigrants” list Ajay Banga
Global Indian Icon of the Year award at the annual UK-India
21. Mary Kom
Awards

Awards & Recognition of May

S.No. Name of Award Winner


1 MBE by King Charles III Dr M.N. Nandakumara
2 Leipzig Book Prize Maria Stepanova
Niloufar Hamedi, Elaheh Mohammadi, and Narges
3 World Press Freedom Prize
Mohammadi
4 "Shatabdi Purush" (Man of the Century) Pandit Ramkishan
5 Palme d'Or Michael Douglas
6 Bharat Ratna Dr. Ambedkar Award Yogi Adityanath
7 Sagar Shreshtha Sammaan Cochin Port Authority (CPA)
8 Govind Swarup Lifetime Achievement Award Prof Jayant V. Narlikar
Best Long Documentary Award” at the South Asian Film Festival
9 documentary “Gauri”
of Montreal 2023
10 France’s highest civilian award Chevalier de la Legion d’honneur N Chandrasekaran
11 Grand Companion of the Order of Logohu Prime Minister Narendra Modi
Georgi Gospodinov’s captivating novel, “Time
12 2023 International Booker Prize
Shelter,”
The Dag Hammarksjold Medal is the highest honor awarded to
13 Shishupal Singh, Sanwala Ram Vishnoi
UN peacekeepers
The Department of Animal Husbandry and Fisheries,
14 Skoch SILVER Award 2023
Chandigarh

134 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Summits |Events |Festivals (National/International)
Summits |Events |Festivals to promote regional cooperation and development. Sri
(National/International) of October Lanka to take over as Chair of IORA for the next two years.
● Mangalore Refinery and Petrochemicals Ltd (MRPL) has
● Ministry of Micro, Small and Medium Enterprises (MSME) once again clinched the prestigious ‘Best Innovation in
took a significant step towards realizing the vision of a Refinery‘ award for the year 2022-23, bestowed by the
“Garbage Free India.” Aligning with the national initiative Union Ministry of Petroleum and Natural Gas at the 26th
championed by the Hon’ble Prime Minister, a unique event Energy Technology Meet 2023. This significant
titled ‘Shramdaan’ was organized by the Ministry. The event achievement comes after a stiff competition with
aimed to foster a spirit of collective responsibility and prominent players in the industry, including IOCL, BPCL,
action, bringing together participants from various MSME and HPCL, marking the second consecutive year that
offices nationwide. MRPL has received this accolade.
● In a significant diplomatic gathering held in the Russian ● The Indira Gandhi National Open University (IGNOU) has
City of Kazan, representatives from various countries recently renewed and restructured its Memorandum of
convened for the fifth meeting of the Moscow Format Understanding (MoU) with the Institute of Chartered
Consultation on Afghanistan. The meeting, which took Accountants of India (ICAI). This renewed partnership aims
place on September 29, 2023, featured special to enhance academic collaboration between these two
representatives and senior officials from India, Russia, esteemed institutions, ushering in a new era of educational
China, Pakistan, Iran, Kazakhstan, Kyrgyzstan,
opportunities for students in the field of Chartered
Turkmenistan and Uzbekistan, among others. Notably,
Accountancy.
the acting minister for Foreign Affairs appointed by the
● The Ninth P20 Summit, in collaboration with the
Taliban in Afghanistan was also in attendance, alongside
International Parliamentary Union (IPU), is hosted by the
representatives from Saudi Arabia, Qatar, the United
Parliament of India. This significant event will take place in
Arab Emirates and Turkey.
New Delhi on 13-14 October 2023, with a Pre-Summit
● Prime Minister Narendra Modi is set to inaugurate the 10th
Parliamentary Forum scheduled for 12 October 2023. The
edition of the Vibrant Gujarat Summit on January 10, 2024.
summit’s theme, “Parliaments for One Earth, One Family,
Gujarat’s Chief Minister, Bhupendrabhai Patel, has
One Future,” derives its essence from the ancient Indian
emphasized the state’s status as an attractive investment
philosophy of Vasudhaiva Kutumbakam, emphasizing the
destination and has extended an invitation to global
businesses to participate in the Summit. The summit is interconnectedness of the world as one family.
scheduled to take place from January 10 to 12, 2024, at the ● Prime Minister Narendra Modi is set to inaugurate the 141st
Mahatma Mandir in Gandhinagar, Gujarat. International Olympic Committee (IOC) session at the Jio
● The Indian Ocean Rim Association (IORA) is an World Centre in Mumbai on October 14. This marks India’s
intergovernmental organisation of 23 member states and second time hosting the IOC session, following a gap of
11 dialogue partners from Africa, West Asia, South Asia, nearly four decades since the 86th IOC session was held in
South-East Asia, and Oceania. It was established in 1997 New Delhi in 1983.

Summits |Events |Festivals (National/International) of September


Summits Held Nationally
S.No. Name of Summit/Events Venue
In a significant development for global business and economic collaboration, India has
1. B20 presidency gracefully handed over the B20 presidency to Brazil, making the transition towards the
G20 summit in 2024.
The G20 Summit in Delhi in 2023 is an important international event that brings
together leaders from member nations and guest nations to discuss various global
2. G20 Summit in Delhi issues. The G20 Summit 2023 is scheduled to take place on September 9th and 10th,
spanning two days. The summit will be held at the prestigious ‘Bharat Mandappam,’
which is located within the ITPO Convention Centre in New Delhi’s Pragati Maidan.
43rd summit of the Association
3. of Southeast Asian Nations Jakarta, Indonesia
(ASEAN)
10th meeting of the Ministers
4. of Law and Justice of SCO Shanghai, China
countries

135 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Summits Held Nationally
S.No. Name of Summit/Events Venue
United Nations Commission on
International Trade Law
5. India
(UNCITRAL) South Asia
conference
6. World Spice Congress (WSC) Vashi, Navi Mumbai
Climate Ambition Summit
7. United Nations General Assembly
(CAS)
8. Vibrant Gujarat Global Summit Ahmedabad

Summits |Events |Festivals (National/International) of August


Summits Held Nationally
S.No. Name of Summit/Events Venue
1. 5th World Coffee Conference Bengaluru
2. BRICS Summit South Africa
3. 9th India International MSME Expo and Summit 2023 New Delhi
4. WHO Traditional Medicine Global Summit Gandhinagar, Gujarat
5. G20 summit in 2024 Brazil

Summits Held Internationally


S.No. Name of Summit/Events Venue
Granted a significant sum of $25 million to India’s Department of Animal
1. G20 Pandemic Fund
Husbandry & Dairying.
The eagerly awaited Ninth India Region Conference of the Commonwealth
Ninth India Region
Parliamentary Association (CPA) took place in the historic city of Udaipur,
Conference of the
located in the state of Rajasthan. Stretched across a duration of two days, the
2. Commonwealth
event received its inauguration from the distinguished Lok Sabha Speaker, Om
Parliamentary Association
Birla. Theme “Enhancing Democracy and Effective Governance in the Digital
(CPA)
Era,”
B20(Business 20) Summit Theme for the B20 India 2023 is Responsible, Accelerated, Innovative,
3.
India 2023 Sustainable, Equitable (R.A.I.S.E) Businesses.
In a stride towards nurturing innovation and collaborative problem-solving, the
Smart India Hackathon
4. Ministry of Education’s Innovation Cell and the All India Council of Technical
(SIH) 2023
Education (AICTE) have unveiled the much-anticipated sixth edition.

Summits |Events |Festivals (National/International) of July


Summits Held Nationally
S.No. Name of Summit/Events Venue
1. The Startup20 Shikhar Summit Gurugram, India
The 33rd Conference of the State Finance Secretaries | Theme: ‘Debt Sustainability: States’
2. Mumbai
Perspective.’
3. 3rd World Hindu Congress Bangkok
Ahmedabad, in
4. Urban 20 Mayoral Summit
Gandhinagar
5. Association of World Election Bodies (A-WEB) Colombia
6. ASEAN Countries Conference on Traditional Medicines India

136 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Summits Held Nationally
S.No. Name of Summit/Events Venue
7. International Temple Convention and Expo (ITCX) Varanasi
Hampi, located in
8. 3rd Sherpas meeting
Karnataka
9. India – Indonesia Economic and Financial Dialogue Gandhinagar, Gujarat
10. India Mobile Congress (IMC) 2023 Pragati Maidan, New Delhi
11. Global Food Regulators Summit New Delhi
12. Global Maritime India Summit Pragati Maidan, New Delhi

Summits Held Internationally


S.No. Name of Summit/Events Venue
1. International Conference on Green Hydrogen (ICGH-2023) New Delhi
2. 67th Travel Agents Association of India (TAAI) convention Colombo, Srilanka
3. NATO summit Vilnius, Lithuania
4. 13th Ministerial Conference of the World Trade Organization (WTO) United Arab Emirates (UAE)
5. Heli Summit 2023 Madhya Pradesh
6. SemiconIndia 2023 Gandhinagar, Gujarat

Summits |Events |Festivals (National/International) of June


Summits Held Nationally
S.No. Name of Summit/Events Venue
1. BRICS Meeting Cape Town, South Africa
2. The India-EU Connectivity Conference Meghalaya
3. India and Vietnam 3rd Maritime Security Dialogue New Delhi
4. SAI20 Summit Goa
5. 8th Global Pharmaceutical Quality Summit 2023 Mumbai

Summits Held Internationally


S.No. Name of Summit/Events Venue
1. Hindu-American Summit US Capitol Hill

Summits |Events |Festivals (National/International) of May


Summits Held Nationally
S.No. Name of Summit/Events Venue
1 Science 20 Bangaram Island, Lakshadweep
2 Foreign ministers meet Shanghai Cooperation Organisation (SCO) Goa
3 Youth20 event (Y20) on climate change Kashmir University
4 Shanghai Cooperation Organisation (SCO) Startup Forum New Delhi
5 76th World Health Assembly Geneva, Switzerland
6 The Second G20 Anti-corruption Working Group Meeting Rishikesh, Uttarakhand

137 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Summits Held Internationally
S.No. Name of Summit/Events Venue
1 ‘Machines Can See 2023’ Dubai
2 42nd ASEAN Indonesia
3 Petersberg Climate Dialogue Berlin, Germany
4 6th Indian Ocean Conference-2023 Dhaka, Bangladesh
5 ASEAN Tourism Forum Laos, Vietnam

List/Indexes (Ranks & Reports)


List/Indexes (Ranks & Reports) on October Gautam Adani to claim the title of the richest Indian.
Mukesh Ambani, the chairman of Reliance Industries, saw
● The Coalition for Disaster Resilient Infrastructure (CDRI) his wealth grow by a modest 2 percent, reaching a
has released a biennial report highlighting the alarming staggering Rs 8.08 lakh crore.
annual losses in global infrastructure due to the worsening ● The Ministry of Statistics and Programme
impacts of climate change and disasters. This report Implementation recently unveiled data indicating a
underscores the critical challenges faced by low-and- remarkable surge in India’s industrial output in August. The
middle-income countries (LMICs) in maintaining resilient Index of Industrial Production (IIP) reported a staggering
infrastructure systems. growth of 10.3 percent, marking the highest growth in 14
● According to the 360 ONE Wealth Hurun India Rich List for months. This figure surpassed the consensus estimate of
2023 released recently, Reliance Industries chairman 9.1 percent, demonstrating the sector’s robust
Mukesh Ambani has surged ahead of Adani Group’s performance.

List/Indexes (Ranks & Reports) on September


S.No. Name Organization Important facts
The recently released Swachh Vayu Sarvekshan 2023 (Clean Air Survey) report,
conducted by the Central Pollution Control Board, reveals that Indore,
Swachh Vayu
1. Amravati, and Parwanoo boast the cleanest air in India. These cities have
Sarvekshan 2023
diligently worked towards improving their air quality and have emerged as
leaders in the battle against air pollution.
The report underscores that deeply entrenched biases against women,
prevalent across various sectors such as health, education, employment, and
“The Gender Snapshot
2. politics, threaten to derail this ambitious goal. It identifies active resistance to
2023,”
gender equality and chronic underinvestment as pivotal roadblocks, even
leading to reversals in some instances.
Elephant Corridors of The country boasts at least 150 elephant corridors, spread across 15 range-
3.
India states, and encompassing four major elephant-bearing regions.
International
India's Union Consumer Affairs Ministry has announced that the country is now
Organisation of Legal
4. the 13th nation authorized to issue International Organisation of Legal
Metrology (OIML)
Metrology (OIML) certificates.
certificates
Economic Freedom of Singapore has surpassed Hong Kong to claim the title of the world’s freest
5.
the World Index economy
India is set to experience a rapid aging of its population in the coming decades,
India Ageing Report
6. with the elderly projected to comprise over 20% of the total population by the
2023
year 2050.
India has shown improvements in infrastructure, it has slipped four spots to the
56th position (Out of 64 economies) compared to its 52nd position in the 2022
2023 World Talent
7. ranking. In the IMD World Talent Ranking for 2023, Switzerland secured the
Ranking
top position, followed by Luxembourg in second place, and Iceland, Belgium,
and the Netherlands rounding out the top five.

138 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
S.No. Name Organization Important facts
‘Indian Real Estate:
Taking Giant Strides – Bengaluru has emerged as the city with the highest green-certified office
8.
2023 Mid-Year space.
Outlook’ report

List/Indexes (Ranks & Reports) on August


S.No. Name Organization Important facts
Fortune Global Billionaire Mukesh Ambani’s Reliance Industries has maintained its highest
1. Fortune
500 list ranking among Indian corporates in the latest Fortune Global 500 list
As reported by the Food and Agriculture Organization (FAO), the FAO All Rice
Food and Price Index witnessed a 2.8 percent escalation in July compared to the preceding
FAO All Rice
2. Agriculture month, with an average value of 129.7 points. This reflects an approximate 20
Price Index
Organization percent surge from the same period in the previous year and marks the most
elevated level observed since September 2011.
Jal Jeevan The Srinagar district has become the highest-performing district under the Jal
3. Survekshan Jeevan Survekshan (JJS-2023), outshining 114 Har Ghar Jal certified villages across
(JJS-2023) India.
The city of Indore has clinched the top spot in the Swachh Vayu Sarvekshan -2023
Swachh Vayu conducted by the Central Pollution Control Board, in the category of cities with a
4. Sarvekshan - population exceeding 10 lakhs. The results of the survey reflect not only the city’s
2023 dedicated efforts but also highlight the overall progress made by several cities in
Madhya Pradesh.

List/Indexes (Ranks & Reports) on July


S.No. Name Organization Important facts
Report on Panchayat Union Minister of The workshop saw the participation of over 250 stakeholders, including
1. Development Index State for senior government officials, ministry representatives, and key
(PDI) Panchayati Raj stakeholders in the field.
Foreign direct investment (FDI) inflows to developing Asia remained
World Investment unchanged at $662 billion in 2022 compared to the previous year.
2. UNCTAD
Report 2023 However, the report highlights significant variations among countries in
the region.
World Meteorological World Meteorological Organization (WMO) has published an updated
3.
Organization (WMO) bulletin on the ozone layer, signaling promising signs of recovery.
United Nations
India has achieved significant progress in digital and sustainable trade
Economic and Social
4. facilitation, according to the latest global survey conducted by the
Commission for Asia
UNESCAP.
Pacific
most successful women is released. As many as four Indian-origin
The Forbes 2023 list of women Jayshree Ullal, Indira Nooyi, Neha Narkhede, and Neerja Sethi
5.
America’s 100 have made it to this coveted list of America’s 100 richest self-made
women.
Highlights the severity of the global debt crisis, urging immediate action
United Nations report to address the issue. The report reveals that global public debt reached
6.
titled “A World of Debt” an all-time high of $92 trillion in 2022, with 30% of that burden falling on
developing nations.
QS Best Student Cities Mumbai has been ranked as the best Indian city for students in the QS
7.
2024 ranking Best Student Cities 2024 ranking.
UN Women and UNDP at the Women Deliver Conference, highlights the
challenges in achieving gender parity and women’s empowerment
8. UN Women and UNDP worldwide. The report introduces two indices – Women’s
Empowerment Index (WEI) and Global Gender Parity Index (GGPI) – as
tools to assess progress in women’s human development.

139 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● In June, 1958, the First Geological Survey of India (GSI) of the Siachen took place by an Indian geologist, V.K. Raina. It is just
northeast of the point NJ9842 where the Line of Control between India and Pakistan ends.

List/Indexes (Ranks & Reports) on June


S.No. Name Organization Important facts
The southern states of Kerala, Tamil Nadu, and Telangana
1. NITI Aayog’s annual health index NITI Aayog
emerged as the top performers among the larger states.
TCS and India’s most valuable company Reliance
2. Global brand consultancy Interbrand Industries have topped its list of the most valuable brands
in India.
The Tata Group has once again secured its position as
Brand Finance Global
3. Tata Group India’s most valuable brand, achieving a brand value of
500 2023 rankings
$26.4 billion.
Billionaire Mukesh Ambani’s Reliance Industries Limited
4. Forbes’ latest Global 2000 list Forbes
as the highest-ranking Indian company
The Stockholm International Peace
5. Research Institute (SIPRI)’s annual China’s nuclear expansion
Yearbook
6. 5th Global Slavery Index global overview of modern slavery
According to the report, Reliance Industries Limited, led
Hurun India’s ‘2022 Burgundy
7. by Mukesh Ambani, has claimed the title of the most
Private Hurun India 500’
valuable private sector company in India.
Tata Power Company has emerged as India’s most
Randstad Employer Brand
8. attractive employer brand, followed closely by Amazon
Research (REBR) 2023,
and Tata Steel.
World Economic India has shown progress by moving up eight places to
9. Gender Gap Report for 2023
Forum rank 127 out of 146 countries in terms of gender parity.
Economist Vienna, Austria has once again claimed the top spot as the
10. Global Liveability Index 2023 report
Intelligence Unit best city to live in worldwide.
Times Higher Indian Institute of Science (IISc) has emerged as the
11. Asia University Rankings 2023
Education (THE) leading university in India.
World Economic Forum’s (WEF) World Economic
12 India has secured the 67th position.
energy transition index Forum’s (WEF)

List/Indexes (Ranks & Reports) on May


S.No. Name Organization Important facts
RBI's FY22-23 report focuses on sustainable growth and reducing carbon
‘Currency and
1 RBI emissions, addressing climate change's macroeconomic impacts,
Finance’
financial stability implications, and mitigation strategies.
PEAK Matrix For the seventh year in a row, Accenture has secured the number one
2 Everest Group
Service Provider spot in the rankings
Mumbai has moved up to the sixth rank among 46 global cities in terms
3 Knight Frank India
of annual price growth of high-end residential properties
The Billion Dollar The Billion Dollar Death Trade: International Arms Networks that Enable
4 United Nations
Death Trade Human Rights Violations in Myanmar
Indian Institute of
Financial Times
5 Management Kozhikode The debut in FT Rankings places IIM Kozhikode at the 72nd position
Rankings 2023
(IIMK)
NITI Aayog’s
The southern states of Kerala, Tamil Nadu, and Telangana emerged as
6 annual health NITI Aayog
the top performers
index

140 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Books & Authors
Books & Authors of October
Name of Book Author
The Book of Life: My Dance with Buddha for Success Vivek Agnihotri
Going Viral – Making of Covaxin: The Inside Story’ Balram Bhargava

Books & Authors of September


Name of Book Author
Ajay to Yogi Adityanath Shantanu Gupta
Fire on the Ganges: Life Among the Dead in Banaras Radhika Iyengar
People’s G20 Apurva Chandra
Chacha Chaudhary aur Chunavi Dangal Election Commission

Books & Authors of August


Name of Book Author
Dr. Nazema Maraikayar and the distinguished
Dr. APJ Abdul Kalam: Memories Never Die
ISRO scientist Dr. Y.S. Rajan
Western Lane’ Chetna Maroo’s
Kargil: Ek Yatri Ki Jubani Rishi Raj
How Prime Ministers Decide Neerja Chowdhury
Monsoon: A Poem of Love and Longing Abhay Kumar (Abhay K)
‘Heritage Trees of Goa’, ‘When Parallel Lines Meet’, and ‘Ente Priya
PS Sreedharan Pillai
Kavithakal‘ (‘My Dear Poems’ a collection of poems)
Pitchside: My Life in Indian Cricket Amrit Mathur

Books & Authors of July


Name of Book Author
Maya, Modi, Azad: Dalit Politics in the Time of Hindutva Sudha Pai and Sajjan Kumar
Colours of devotion Anita Bharat Shah
Vajpayee: The Ascent of the Hindu Right 1924-77 Abhishek Choudhary
Prism: The Ancestral Abode of Rainbow Vinod Mankara
India Rising Memoir of a Scientist R. Chidambaram and Suresh Gangotra
Through The Broken Glass: An Autobiography T.N. Seshan
Krishna – the 7th Sense Debashis Chatterjee
As the wheel turns Ranjit Pratap

Books & Authors of June


Name of Book Author
NTR-A Political Biography Ramachandra Murthy Kondubhatla
Ringside Dr. Vijay Darda
Kathakali Dance Theatre: A Visual Narrative of Sacred Indian Mime KK Gopalakrishnan
The Power of One Thought: Master Your Mind, Master Your Life BK Shivani
Nalanda Abhay K
Ajay to Yogi Adityanath Shantanu Gupta
Master Residential Real Estate Ashwinder R Singh
‘A Life Well Spent – Four Decades in the Indian Foreign Service Satish Chandra
India’s Finance Ministers: From Independence to Emergency (1947-1977) Ashok Kumar Bhattacharya
The Yoga Sutras for Children’ Roopa Pai’s

141 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Books & Authors of May
Name of Book Author
“Made In India: 75 Years of Business and Enterprise” Amitabh Kant
Droupadi Murmu: From Tribal Hinterlands to Raisina Hills Kasturi Ray
The Indian Metropolis: Deconstructing India’s Urban Spaces Feroze Varun Gandhi
Guts Amidst Bloodbath Aditya Bhushan
The Golden Years: The Many Joys of Living a Good Long Life Ruskin Bond
Supreme Court on Commercial Arbitration Dr.Manoj Kumar
NTR-A Political Biography Ramachandra Murthy Kondubhatla

Sports Current Affairs


Sports Current Affairs of October Important Terms associated: tennis
Football {National Game of Brazil, Italy, Germany, Israel,
Cricket {National Game of Australia, Bermuda, England, Mauritius, Poland No. of Players: 11
Jamaica No. of Players: 11 Important Terms Associated: Back Pass, Corner Kick, Free
Important Terms associated: Arm ball, Beamer, Bottom Kick, Dribble, Futsal, Header, Kick off, Banana Kick, Toe
hand, Bouncer, Cameo, Carrom ball, Chinaman, Flick, Free Poke, Throw-in, Bicycle Kick}
hit, Glance, Googly, Hat-trick, Hit wicket, Leg bye, Nelson, ● India won the South Asian Football Federation (SAFF)
Night watchman, Pinch hitter, Sweep, Upper Cut.} Under-19 Championship after defeating Pakistan 3-0 in a
● The International Cricket Council (ICC) has made an dominating display in the finals at the Dashrath Rangasala
exciting announcement on Tuesday, designating the Stadium in Kathmandu, Nepal. It was India’s eighth youth
legendary cricketer Sachin Tendulkar as the ‘Global title in the SAFF championships, a clear testimony of their
Ambassador‘ for the highly anticipated Cricket World Cup regional supremacy.
2023. This prestigious event is scheduled to kick off
Grand Prixes
tomorrow in the vibrant city of Ahmedabad, India.
Hockey
● Australia opener David Warner became the fastest batter
Badminton / Boxing/ Wrestling/Weightlifting
to complete 1000 runs in ODI World Cup during his side’s
Sports Events |Tournaments Current Affairs
match against India in Chennai.
Other Sports Current Affairs
● After completing 100 runs in World Cups, Rohit Sharma ● Kenya’s Kelvin Kiptum left the running world in awe as he
rewrote another record, edging past West Indies legend shattered the men’s world record, clocking a time of just
Chris Gayle hitting most sixes in International Cricket two hours and 35 seconds, to claim victory at the Chicago
Matches. The Indian skipper hit six off Naveen-ul-Haq’s Marathon on Sunday. He broke the previous record set by
bowling in the 8th over to go past Gayle’s tally of 553 sixes Eliud Kipchoge in the 2022 Berlin Marathon.
in international cricket. ● Kenya’s Kelvin Kiptum left the running world in awe as he
● India captain Rohit Sharma smashed his 31st ODI century shattered the men’s world record, clocking a time of just
and put India on course for a mammoth win against two hours and 35 seconds, to claim victory at the Chicago
Afghanistan in their World Cup 2023 tie at Delhi’s Arun Marathon on Sunday. He broke the previous record set by
Jaitley Stadium. Rohit Sharma completed his hundred off Eliud Kipchoge in the 2022 Berlin Marathon.
63 balls, fetching him the record for the fastest century ever ● The 62nd National Open Athletics Championships 2023
by an Indian in the history of World Cup. Before Rohit, the kicked off with a bang in Bengaluru, as Manikanta
milestone belonged to Kapil Dev off 72 balls against Hoblidhar from Services etched his name in the record
Zimbabwe in 1983, the India captain bested the former all- books by smashing a new national record in the men’s
rounder’s accomplishment by nine balls as India dominated 100m category. He powered his way to victory, crossing the
Afghanistan in their chase of 273 and won by 8 wickets. finish line in first place with a remarkable timing of 10.23
● The International Cricket Council (ICC) has once again seconds. Manikanta Hoblidhar surpassed the previous
acknowledged outstanding cricketing performances by national record of 10.26 seconds held by Amiya Kumar
awarding the ‘Player of the Month’ titles for September Mallick since April 2016.
2023. This prestigious recognition highlights the ● The 11th edition of the Sultan of Johor Cup in 2023 is
exceptional skills and contributions of cricketers on the scheduled to be held in Johor, Malaysia. Hockey India has
global stage. In this edition, India’s Shubman Gill clinches announced the 20-member Indian junior men’s hockey
the ICC Men’s ‘Player of the Month,’ while Sri Lanka’s team that will participate in the 11th Sultan of Johor Cup.
Chamari Athapaththu emerges as the ICC Women’s This prestigious tournament is set to take place from
‘Player of the Month.’ Let’s dive into their remarkable October 27 to November 4. Notably, this year’s edition will
achievements. feature eight teams, expanding from the customary six.

142 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● World Athletics, the global governing body for athletics, has • Adidas has revealed Team India’s jersey for the upcoming
officially nominated Neeraj Chopra for the prestigious ICC World Cup 2023. The upcoming tournament is a historic
Men’s Athlete of the Year award for 2023. This honor one for India as they will be hosting the ODI World Cup
underscores Neeraj’s remarkable achievements in the field alone for the very first time.
of javelin throwing and his impressive gold medal victories • Board of Control for Cricket in India (BCCI) announced SBI
at the Olympics and World Championships. Life as the official partner for the BCCI Domestic and
International Season 2023-26 on September 20, 2023.
Sports Current Affairs of September • After their 5-wicket win against Australia, India became
Cricket {National Game of Australia, Bermuda, England, the number 1 ranked team in all three formats i.e. Tests,
Jamaica No. of Players: 11 ODIs, and T20Is. India displaced Pakistan from the top of
Important Terms associated: Arm ball, Beamer, Bottom the ODI rankings while they lead England in the T20I
hand, Bouncer, Cameo, Carrom ball, Chinaman, Flick, Free rankings.
hit, Glance, Googly, Hat-trick, Hit wicket, Leg bye, Nelson, • In a significant announcement, the International Cricket
Night watchman, Pinch hitter, Sweep, Upper Cut.} Council (ICC) has officially designated three prestigious
• For the first time in international cricket, a transgender venues in the United States for hosting the ICC Men’s T20
woman player will feature in ICC-related tournaments. World Cup 2024. This marks a historic moment as the
Danielle McGahey, 29, is set to become the first tournament makes its debut on American soil, with Dallas,
transgender woman player to play in international cricket. Florida, and New York being selected as the host cities.
The right-hand batter from Australia, who moved to • In the second ODI between Team India and Australia in
Canada in 2020, had fulfilled the eligibility criteria for male- Indore, India achieved a significant milestone by surpassing
to-female (MTF) transition, per ICC. 3000 ODI sixes.
• Thailand women’s cricket team’s star spinner Nattaya
Asian Games 2023
Boochatham created history with her three wickets against
● India, known for its strong sporting culture, had a promising
Kuwait in the ICC Women’s T20 World Cup Asia Region
start on the first official day of the 2023 Asian Games in
Qualifier, September 4. Nattaya completed 100 wickets in
Hangzhou, China. India wrapped up the first official day of
T20Is to become the first-ever cricketer, male or female, to
the Asian Games 2023 with five medals – three silver and
reach the 100-wicket mark in international cricket.
two bronze.
• IndusInd Bank, a leading financial institution in India, has
● In a remarkable display of equestrian prowess, India
announced a significant multi-year sponsorship deal with
clinched the gold medal in dressage at the Asian Games
the International Cricket Council (ICC). The partnership is
2023, marking a historic moment for the nation. The Indian
set to commence with the highly anticipated Men’s Cricket
equestrian team, consisting of Anush Agarwal, Hriday
World Cup, which is scheduled to begin on October 5th,
showcasing the world’s best cricketing talent on the Indian Vipul Kheda, Sudipati Hazel, and Divyakriti Singh,
subcontinent. achieved this victory with a stellar score of 209.205. This
• For the very first time, Chennai will be the host city for triumph comes after a 41-year-long wait for India, as the
“Street 20,” an incredibly heartwarming cricket country had previously won gold in horse riding during its
tournament exclusively dedicated to street children, aiming debut appearance at the Asian Games in 1982.
to captivate the hearts of both cricket enthusiasts and ● In an impressive display of marksmanship, the Indian trio of
advocates for children’s rights alike. Manu Bhaker, Esha Singh, and Rhythm Sangwan secured
• India’s Virat Kohli became the fastest batter to reach the gold medal in the women’s 25m pistol team event at
13,000 ODI runs during the Asia Cup Super 4 against the Asian Games held in Hangzhou, China. With a total
Pakistan at the R. Premadasa Stadium in Colombo, Sri score of 1759, Team India outshone the competition,
Lanka. narrowly edging out China for the top spot. This victory
• Indian captain Rohit Sharma completed 10,000 ODI runs adds to India’s growing medal tally at the ongoing Asiad,
during the Asia Cup 2023 Super Four match against Sri where they have notched up an impressive haul of 16
Lanka in Colombo. Rohit Sharma has crossed the landmark medals, including four golds.
after reaching 23 with a six during his 241st innings in the ● Indian shooter Sift Kaur Samra made history with a
format. spectacular performance, clinching gold in the women’s
• Cricketer Deepak Chahar, known for his stellar 50m rifle 3 position event. She not only won the gold but
performances on the cricket field, has ventured into the also shattered world, Asian, and Games records along the
world of sports equipment with the launch of DNINE way. This remarkable achievement marks a significant
Sports. moment in her shooting career.

143 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Indian shooters have continued to make their mark at the Grand Prixes
Asian Games, clinching their 6th gold medal in the Men’s ● Max Verstappen has won the Dutch Grand Prix for the
10m Air Pistol Team event. Sarabjot Singh, Shiva third consecutive year, once again prevailing at his home
Narwal, and Arjun Singh Cheema displayed exceptional race. With the dominant win, Verstappen has now matched
prowess, securing victory by a single point over the home Sebastian Vettel’s all-time record of nine F1 victories in a
Chinese team. row.
● In a stunning display of skill and precision, the Indian men’s ● Max Verstappen has won the Italian Grand Prix and sets a
shooting trio comprising Aishwarya Pratap Singh Tomar, new record for the most consecutive wins in Formula 1
Swapnil Suresh Kusale, and Akhil Sheoran secured a gold history with 10. Sergio Perez made it a Red Bull 1-2 after he
medal in the 50m Rifle 3 Positions Team event. Their got ahead of Carlos Sainz following a fierce battle with the
remarkable achievement didn’t stop there; they broke the Ferrari driver in the closing stages.
world record with an extraordinary score of 1769 points. ● Ferrari’s Carlos Sainz won the Singapore Grand Prix to end
● Nepal cricket team rewrote the record books in the Asian Formula 1 leader Max Verstappen’s record run of 10 wins in
Games 2023, achieving remarkable milestones in T20 a row and shatter Red Bull’s dream of going through the
International cricket. Nepal’s extraordinary performance in season unbeaten.
the tournament led them to become the first team ever to ● MotoGP Bharat is being held at the Buddh International
cross the 300-run mark in T20Is. Nepal’s No. 5 batter, Circuit in Greater Noida from September 22 to September
Dipendra Singh Airee, also made headlines with his 24. The three-day extravaganza is one of the biggest racing
explosive batting. Airee blazed his way to a nine-ball fifty. events to be held in India since hosting three Formula 1
At just 19 years old, Kushal Malla, a talented left-handed races between 2011 to 2013.
batter, etched his name in cricket history by smashing the ● Italian rider Marco Bezzecchi, representing the Mooney
fastest-ever T20I century. Nepal’s innings was punctuated VR46 Racing Team, emerged victorious in the inaugural
by a sensational display of power-hitting, as they smashed Indian Grand Prix for the 2023 MotoGP season.
a total of 26 sixes.
● Rohan Bopanna and Rutuja Bhosale claimed mixed Hockey
doubles gold with a 2-6 6-3 10-4 win over Chinese Taipei’s ● India defeated Thailand 7-2 in the final to win the inaugural
Yu-hsiou Hsu and Hao-ching Chan. It was India’s second Women’s Asian Hockey 5s World Cup Qualifier. The final
medal in tennis at the continental event after Ramkumar match witnessed an outstanding performance by the Indian
Ramanathan and Saketh Myneni had won a silver in men’s side, as they triumphed over Thailand with an impressive
doubles. score of 7-2.
● In Hockey, India beat Pakistan in penalty shootout in the
Important Terms associated: tennis final to win the inaugural Men’s Hockey 5s Asia Cup 2023
Football {National Game of Brazil, Italy, Germany, Israel, in Salalah, Oman.
Mauritius, Poland No. of Players: 11
Important Terms Associated: Back Pass, Corner Kick, Free Badminton / Boxing/ Wrestling/Weightlifting
Kick, Dribble, Futsal, Header, Kick off, Banana Kick, Toe • Indian badminton player HS Prannoy secured the bronze
Poke, Throw-in, Bicycle Kick} medal in the men’s singles category at the prestigious BWF
• World governing body FIFA has lifted the ban on the Sri World Badminton Championships 2023.
Lanka Football Federation (FFSL). The ban was imposed • Indian badminton player Kiran George secured a
in January 2023 due to government interference in the remarkable victory at the Indonesia Masters 2023, held in
federation’s affairs. Medan, North Sumatra.
• India secured the championship title by triumphing over
Bangladesh with a 2-0 victory in the final match of the SAFF Sports Events |Tournaments Current Affairs
U-16 Championship 2023, which took place on September Other Sports Current Affairs
10 at the Changlimithang Stadium in Thimphu, Bhutan. • Neeraj Chopra made history by winning the gold medal in
• Germany beat Serbia 83-77 to lift basketball’s 2023 FIBA the men’s javelin throw event at the World Athletics
World Cup. Germany went 8-0 in the tournament, Championships held in Budapest, Hungary.
becoming the fifth consecutive World Cup champion to go • Divya Deshmukh, a 17-year-old Chess Woman
unbeaten. Grandmaster hailing from Nagpur, Maharashtra, India
• The Subroto Cup International Football Tournament, clinched victory in the women’s category of the rapid
India’s oldest national inter-school football competition, is section at the Tata Steel Chess India tournament.
set to make history in its 62nd edition. Bengaluru, the • Amul is named as the official sponsor of the Indian
Silicon Valley of India, has been added to the list of host Contingent for the 19th Asian Games 2022 to be held in
cities for this prestigious event. Hangzhou, China from September 23 to October 8, 2023.

144 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
• Governor of Goa, Shri. P.S. Sreedharan Pillai, officially • Union Sports Minister Anurag Thakur has called off his trip
introduced the Mashaal (torch) to mark the to the Asian Games in protest of China’s refusal to grant
commencement of the 37th National Games. This splendid entry to Indian Wushu players from Arunachal Pradesh.
event was organized by the Department of Sports and This decision has come amidst an official protest by the
Youth Affairs, in collaboration with the Sports Authority of Indian government against China’s discriminatory
Goa, at the Durbar Hall in Raj Bhavan, Donapaula. treatment of these athletes.
• At the 2023 Tata Steel Chess India tournament held in
Kolkata, R Praggnanandhaa from India achieved an Sports Current Affairs of August
impressive third-place finish, establishing himself as the
leading Indian contender. In the Open Blitz category, world Cricket {National Game of Australia, Bermuda, England,
champion Alexander Grischuk exhibited his dominance by Jamaica No. of Players: 11
securing the top position, while Arjun Erigaisi secured the Important Terms associated: Arm ball, Beamer, Bottom
second-best position among Indian participants, securing hand, Bouncer, Cameo, Carrom ball, Chinaman, Flick, Free
fourth place in the Chess tournament. hit, Glance, Googly, Hat-trick, Hit wicket, Leg bye, Nelson,
• During the 2023 Archery World Cup Final held in Night watchman, Pinch hitter, Sweep, Upper Cut.}
Hermosillo, Mexico, Prathamesh Jawkar, the Indian ● England pacer Stuart Broad has announced his retirement
compound archer, embarked on a memorable journey in his from cricket. He will call it quits from the game after the
first-ever World Cup Final appearance. He clinched a silver ongoing Ashes series.
medal as Jawkar’s incredible run in the competition ● Alex Hales has announced his retirement from
concluded with a thrilling face-off against Denmark’s international cricket with immediate effect, at the age of 34.
Mathias Fullerton. He signs off from his England career as a T20 World Cup
• Maharashtra clinched the title of champions in the 5th winner, having played his last game in their five-wicket win
National Wheelchair Rugby Championship 2023 by over Pakistan at the MCG in November last year.
securing a convincing victory over Karnataka, concluding ● Sri Lankan all-rounder Wanindu Hasaranga has announced
with a final score of 31-10. This championship, which took his retirement from Test cricket. The 26-year-old made the
place at Balewadi in Pune from September 10 to September decision to focus on his limited-overs career, where he is a
11, 2023, was marked by intense competition and served as key figure for Sri Lanka.
a testament to the impressive development of wheelchair
● Pakistan fast bowler Wahab Riaz has announced his
rugby in India.
retirement from international cricket, bringing an end to a
• Neeraj Chopra, India’s star javelin thrower and the reigning
15-year career. The 38-year-old made his international
World champion, displayed his skill and resolve at the
debut in 2008 and went on to play 27 Tests, 91 ODIs and 36
Diamond League finals in Eugene. His best throw of 83.80
T20Is, taking 237 wickets in total.
meters secured him the second position in this prestigious
competition, where he engaged in a remarkable battle
Important Terms associated: tennis
against formidable opponents.
Football {National Game of Brazil, Italy, Germany, Israel,
• Mondo Duplantis, the Swedish pole vault sensation and
Mauritius, Poland No. of Players: 11
reigning world and Olympic champion, brought the
athletics season to a spectacular close at the 2023 Diamond Important Terms Associated: Back Pass, Corner Kick, Free
League Final in Eugene on September 17th. Kick, Dribble, Futsal, Header, Kick off, Banana Kick, Toe
• Indian shooter Elavenil Valarivan secured a remarkable Poke, Throw-in, Bicycle Kick}
victory in the women’s 10m air rifle event at the ISSF World ● Former Uruguay defender Diego Godin retired from
Cup 2023 held in Rio de Janeiro, Brazil, on a thrilling professional soccer, ending a 20-year career at age 37.
Saturday. The 24-year-old Olympian showcased her Godin played in four World Cups and spent much of his club
exceptional skills and nerves of steel as she outperformed career in Spain, notably at Atlético Madrid from 2010 to
her competitors to clinch the coveted gold medal. 2019.
• The Indian Olympic Association (IOA) has decided to have ● Brazil forward Neymar Jr has signed for Saudi Arabia’s Al-
not one, but two flag-bearers to lead the Indian contingent Hilal from Paris Saint-Germain (PSG), the clubs
at the opening ceremony of the upcoming Asian Games announced, joining Cristiano Ronaldo and Karim Benzema.
2023 in Hangzhou, China. The distinguished honor of flag- Neymar, 31, scored 118 goals in 173 matches for PSG in six
bearer at the opening ceremony of the Asian Games 2023 injury-plagued seasons.
has been bestowed upon two exceptional athletes: ● World governing body FIFA has lifted the ban on the Sri
Harmanpreet Singh and Lovlina Borgohain. Lanka Football Federation (FFSL).

145 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Grand Prixes ● Sports Authority of India (SAI) under the Umbrella
● Defending Formula One champion Max Verstappen Campaign ‘Cheer4India’ has launched a short movie
emphatically won the Belgian Grand Prix for an eighth series ‘Halla Bol’ on the journey of Asian Games bound
straight win and 10th overall of a crushingly dominant athletes to motivate them for Hangzhou Asian Games and
season. spread awareness about the upcoming Asian Games.
● The Tamil Nadu government and Racing Promotions ● India ended their 2023 World Cadet Wrestling
Private Limited (RRPL) have launched a new street circuit Championships, meant for under-17 grapplers, with a total
in Chennai. The 3.5km track will be located around the of 11 medals, including a gold, at Istanbul, Turkey. Savita,
Island Grounds and will be the first-ever street circuit in who entered the event as the defending champion, won the
India and South Asia to host a night race. only gold medal for India at Istanbul in the women’s 61kg
● Max Verstappen has won the Dutch Grand Prix for the weight division.
third consecutive year, once again prevailing at his home
● Indian sprinter Dutee Chand, renowned as India’s fastest
race.
female athlete and holder of the national 100m record, has
been handed a significant blow with a four-year ban
Hockey
following her failure in an out-of-competition dope test.
● The Indian women’s hockey team wins the title of Torneo
del Centernario 2023 by defeating hosts Spain 3-0 in The test revealed the presence of selective androgen
Terrassa, Barcelona on 30th July. receptor modulators (SARMs), leading to the decision to
● On 28th August, India defeated Thailand 7-2 in the final to suspend her from competitive sports. Chand’s remarkable
win the inaugural Women’s Asian Hockey 5s World Cup athletic career has now been marred by this doping
Qualifier. incident.
● Adille Sumariwalla has been elected as one of the four vice
Badminton / Boxing/ Wrestling/Weightlifting presidents of World Athletics, the highest post ever held by
● Iga Swiatek achieved a significant achievement by securing
an Indian in the global track and field governing body. The
her fourth WTA title of the year and her very first on home
65-year-old Sumariwalla, who is the president of the
soil. The Polish tennis player showcased her dominance in
Athletics Federation of India (AFI), received the third-
the final, defeating Germany’s Laura Siegemund with an
highest number of votes cast during the WA elections held
incredible 6-0, 6-1 scoreline in just 68 minutes, denying her
opponent any break points throughout the match. on Thursday in Budapest, Hungary. He will serve a four-year
● Mohit Kumar has made a permanent mark in the records of term.
Indian wrestling. He has achieved the distinction of being ● Anahat Singh secured the gold medal in the U-17 category
the first Indian wrestler to attain the junior world of the prestigious Asian Junior Squash Individual
championship title since 2019. In the final match, Mohit Championship.
Kumar was trailing 0-6 against Russia’s Eldar ● Raja Anirudh Sriram, a fourth-standard student hailing
Akhmaduninov. Through adeptly executed maneuvers, he from Tirupati, has clinched a silver medal at the prestigious
garnered nine consecutive points, ultimately securing the Singapore International Math Olympiad Challenge
coveted gold medal. (SIMOC).
● Indian wrestler Priya Malik has achieved a remarkable feat ● Anurag Singh Thakur, the Union Minister for Youth Affairs
by securing the gold medal at the U20 World Wrestling and Sports, has unveiled that the esteemed Khelo India
Championships held in Jordan. This victory marks a Women’s League will be recognized as the “Asmita
significant milestone in her career. Women’s League” from now on. This purposeful
● The Wrestling Federation of India (WFI), India’s governing transformation underscores the government’s
body for wrestling, has faced suspension from the United commitment to advancing gender equality and nurturing
World Wrestling (UWW) due to ongoing controversies and the vibrant engagement of women in the realm of sports.
prolonged delays in conducting essential elections. ● Rameshbabu Praggnanandhaa finished second in FIDE
● Indian badminton player HS Prannoy secured the bronze World Cup. After three days and four games of intensely
medal in the men’s singles category at the prestigious BWF nervy chess across two formats, Magnus Carlsen finally
World Badminton Championships 2023. managed to win the FIDE World Cup for the first time in his
career.
Sports Events |Tournaments Current Affairs
● In a groundbreaking move that further bridges the worlds of
Other Sports Current Affairs
sports and technology, Infosys, a global leader in consulting
● The 17-year-old chess prodigy, D. Gukesh, has dethroned
and digital services, has announced a multi-year
Grandmaster Viswanathan Anand as India’s top-ranked
chess player in the live world rankings. partnership with women’s tennis World No. 1, Iga Swiatek.
● The Indian women’s compound archery team etched their ● Neeraj Chopra made history by winning the gold medal in
names in history by clinching a gold medal at the World the men’s javelin throw event at the World Athletics
Archery Championships held in Berlin, Germany. Championships held in Budapest, Hungary.

146 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Sports Current Affairs of July ● India captain Harmanpreet Kaur has been suspended for
her team’s next two international matches following two
Cricket {National Game of Australia, Bermuda, England, separate breaches of the ICC Code of Conduct during the
Jamaica No. of Players: 11
third match of their ICC Women’s Championship series
Important Terms associated: Arm ball, Beamer, Bottom
against Bangladesh in Dhaka. Harmanpreet Kaur becomes
hand, Bouncer, Cameo, Carrom ball, Chinaman, Flick, Free
1st women cricketer to breach ICC Code of Conduct.
hit, Glance, Googly, Hat-trick, Hit wicket, Leg bye, Nelson,
Night watchman, Pinch hitter, Sweep, Upper Cut.}
Important Terms associated: tennis
● The Board of Control of Cricket (BCCI) has appointed Ajit
Football {National Game of Brazil, Italy, Germany, Israel,
Agarkar as the chairman of the Senior Men’s Cricket
Mauritius, Poland No. of Players: 11
Selection Committee.
● Indian cricketing legend Virat Kohli achieved a significant Important Terms Associated: Back Pass, Corner Kick, Free
milestone by becoming the 10th cricketer in history to Kick, Dribble, Futsal, Header, Kick off, Banana Kick, Toe
make 500 international appearances. Poke, Throw-in, Bicycle Kick}
● South Zone outclassed West Zone to win the Duleep ● The 132nd edition of the Durand Cup, India’s oldest
Trophy with a 75-run victory at M. Chinnaswamy Stadium, football tournament is scheduled to commence at Kolkata
Bengaluru. In pursuit of a target of 298 runs, West Zone, from 03 August to 03 September 2023.
who resumed their innings at 182/5 on the final day, were ● Indian football team midfielder Lallianzuala Chhangte was
eventually bowled out for 222. named the AIFF Men’s Footballer of the Year for 2022-23
● Bollywood actor Shah Rukh Khan has been appointed as while Manisha Kalyan won her second consecutive
the brand ambassador of ICC World Cup 2023. Bollywood
Women’s Footballer of the Year award.
superstar Shah Rukh Khan launched the World Cup 2023
● England emerged victorious in the Under-21 European
campaign ‘It takes one day’ in his iconic voiceover.
Championship final against Spain in Georgia, securing their
● Star India batter Virat Kohli has surpassed South Africa’s
first title since 1984. 2023 UEFA European Under-21
Jacques Kallis to become the fifth-highest run-scorer in
Championship Best player: Anthony Gordon.
international cricket history. Kohli achieved this upward
● DD Sports has partnered with 1Stadia to broadcast the
movement in the batting charts during India’s second Test
highly anticipated 9th edition of the FIFA Women’s World
against West Indies at Port of Spain. On the first day of the
match, which is also his 500th international game. Cup, bringing joy and excitement to fans. The tournament,
● England’s Stuart Broad has become the second pace starting on July 20, 2023, will mark the inaugural occasion
bowler to take 600 wickets in Test cricket. The 36 year when the World Cup is co-hosted by two countries, namely
cricketer reached the mark by removing Australia’s Travis Australia and New Zealand.
Head on day one of the fourth Ashes Test at Old Trafford.
England team-mate James Anderson is the only other quick Grand Prixes
bowler to achieve the feat. ● Max Verstappen, the reigning Formula One champion,
● Sri Lanka batter Lahiru Thirimanne has announced his continued his impressive performance by securing a
retirement from international cricket after a 13-year career. commanding victory at the Austrian Grand Prix 2023.
The 33-year-old top-order batter made his international ● Max Verstappen reeled off his sixth straight wins British
debut in 2010 and went on to represent Sri Lanka in 44 Grand Prix with Lando Norris for McLaren in second.
Tests, 127 ODIs, and 26 T20Is. Mercedes’ Lewis Hamilton completed the Silverstone
podium.
● Pakistan A cricket team won Asian Cricket Council (ACC)
● Max Verstappen won the Hungarian GP at the
Men’s Emerging Teams Asia Cup 2023 by defeating India
Hungaroring, by a comfortable 33.731 secs margin over
A in the finals at R. Premadasa Stadium, Colombo, Sri
McLaren’s Lando Norris.
Lanka. This marks Pakistan’s second consecutive win in the
tournament,previously it won the cup in the 2019 finals
against Bangladesh in Dhaka, Bangladesh. Hockey
● The Indore-based Buley sisters, Nidhi and Ritika Buley, are ● Netherlands men team finish their season four campaign
among the four retired female cricketers who have made on 35 points, making them champions of the FIH Hockey
their way into the BCCI umpires’ panel with a distinction. Pro League 2022/23 season. With this win, Netherlands
Nidhi played a Test and ODI for India back in 2006 while her become the first team in the men’s competition to win a
younger sister Ritika represented Madhya Pradesh in 31 second title, successfully defending their first title, won in
First-Class games. the competition last year.

147 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Badminton / Boxing/ Wrestling/Weightlifting ● R Praggnanandhaa, the 17-year-old Indian Grandmaster,
● Lakshya Sen clinched the men’s singles title at the 58th achieved a remarkable triumph in the Super GM chess
Canada Open 2023. In an exhilarating final match, Sen tournament 2023, scoring an impressive 6.5 points.
defeated Li Shi Feng, the reigning All England champion, in ● Shubhankar Sharma achieved a remarkable feat, securing
straight games. This remarkable victory marks Sen’s second the best result ever by an Indian golfer at the Open At the
BWF World Tour title and adds another prestigious accolade Royal Liverpool Golf Club in Merseyside, England.
to his growing list of accomplishments. ● Denmark’s Jonas Vingegaard of the Jumbo-Visma, Dutch
● Satwiksairaj Rankireddy, achieved the remarkable feat of professional bicycle racing team,has won 110th edition of
the Tour de France for a second straight year on the
setting a new Guinness world record for the fastest hit by a
Champs-Elysees in Paris, France. The Tour de France (Tour
male player in badminton in the ongoing Korea Open 2023.
of France) is an annual men’s multiple-stage bicycle race
● Satwiksairaj Rankireddy and Chirag Shetty secured their
primarily held in France.
fourth championship this year as they emerged triumphant ● Aditya Samant, hailing from Maharashtra, achieved the
in the men’s doubles final at the Korea Open. title of India’s 83rd Grandmaster by obtaining his third GM
norm during the Master Tournament (MTO) at the Biel
Sports Events |Tournaments Current Affairs International Chess Festival.
Other Sports Current Affairs ● The Union Ministry of Youth Affairs & Sports has made the
● In a remarkable achievement, India has emerged as the decision to grant official recognition to the Handball
overall winner at the 34th International Biology Olympiad Association of India (HAI) as the National Sports
(IBO) held in Al Ain, UAE from 2-11 July. The Indian student Federation (NSF) responsible for promoting and regulating
team clinched an unprecedented all-gold performance, the sport within the country.
securing the top position on the medals tally for the first ● Asmita Dey, representing Tripura, has achieved
time. remarkable success by securing a gold medal at the Junior
● India has secured the second position with an impressive Asia Cup Judo Championship hosted in Macau, China. In
haul of 11 medals, including six gold, one silver, and four addition to her gold medal at the Junior Asian Judo
bronze in the recently concluded biannual event, 2023 Championships 2023 in Macau, China, she had secured a
World Archery Youth Championships in Limerick, Ireland. silver medal at the Asian Open 2023 held in Kuwait City in
April of this year and a bronze medal at the Asian Junior
● Australia’s Victoria state has withdrawn as host of the
Championships in 2022.
2026 Commonwealth Games because of a massive
● The ISSF Junior World Championships 2023 took place at
increase in the projected cost of staging the multi-sports
Changwon Shooting Range, South Korea from July 16 to
event. Victoria Premier Daniel Andrews said his 24. In its third edition this year, the event featured 90
government last year agreed to host the next edition of the skilled Indian shooters participating in pistol, rifle, and
quadrennial event “but not at any cost.” shotgun disciplines within the under-21 age category, all
● Australia’s Victoria state has withdrawn as host of the striving to secure medals. India’s impressive performance
2026 Commonwealth Games because of a massive led to a total of 17 medals, including six gold, six silver, and
increase in the projected cost of staging the multi-sports five bronze at the ISSF Junior World Championships 2023.
event. Victoria Premier Daniel Andrews said his Remarkably, seven Indian shooters managed to secure
government last year agreed to host the next edition of the more than one medal during the competition.
quadrennial event “but not at any cost.”
● India’s lone medal at the ISSF Shotgun World Cup in
Lonato,Italy came from Prithviraj Tondaiman, who
clinched the bronze medal in the trap event. In the final
round, Prithviraj secured the third position with a total of 34
points which marked his second individual ISSF World Cup
medal, as he had previously won a bronze in Doha back in
March.
● India achieved a historic milestone at the recently
concluded 25th Asian Athletics Championship 2023 in
Bangkok, Thailand. The Championship took place from July
12 to 16. With an impressive tally of 27 medals, including six
gold, 12 silver, and nine bronze, India secured the third
position overall, following China and Japan.

148 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Sports Current Affairs of June ● The Ministry of Youth and Sports has warmly welcomed
FIFA’s decision to choose Indonesia as the host country for
Cricket {National Game of Australia, Bermuda, England, the upcoming U-17 World Cup.
Jamaica No. of Players: 11
● The Indian men’s national football team has climbed up to
Important Terms associated: Arm ball, Beamer, Bottom
the 100th rank on FIFA’s latest world rankings surpassing
hand, Bouncer, Cameo, Carrom ball, Chinaman, Flick, Free
teams like Lebanon and New Zealand to achieve the feat.
hit, Glance, Googly, Hat-trick, Hit wicket, Leg bye, Nelson,
Night watchman, Pinch hitter, Sweep, Upper Cut.}
● The Asia Cup 2023 is scheduled to take place from 31st Grand Prixes
August to 17th September, offering nearly three weeks of ● Max Verstappen, the reigning world champion, showcased
intense cricketing action. The tournament will feature a an outstanding performance at the Canadian Grand Prix,
hybrid model, with matches being held in both Pakistan and securing a dominant victory and marking the 100th Formula
Sri Lanka. One win for his Red Bull team.
● Pakistan women’s cricketer Nahida Khan has announced
her retirement from international cricket, bringing an end to Badminton / Boxing/ Wrestling/Weightlifting
a remarkable career that spanned over a decade. ● Satwiksairaj Rankireddy & Chirag Shetty emerged as
● The MCC World Cricket Committee (WCC) has expanded men’s doubles champions badminton in the Indonesia Open
its ranks by welcoming three new members: English after beating Malaysian world champion duo of ‘Aaron Chia’
players Heather Knight and Eoin Morgan, as well as and ‘Soh Wooi Yik’ by 21-17 & 21-18 respectively.
legendary Indian cricketer Jhulan Goswami.
● The start of the trophy tour for the ICC Men’s ODI World Sports Events |Tournaments Current Affairs
Cup 2023 in India was a magnificent affair, surpassing all Other Sports Current Affairs
previous editions. The launch of the 2023 World Cup trophy ● India has won the title of NSC-CAVA Women’s Volleyball
was truly extraordinary, taking place at an astonishing Challenge Cup held in Kathmandu. India won the title by
altitude of 120,000 feet above the Earth before making a defeating Kazakhstan in the final at the National Sports
stunning descent at the world’s largest cricket stadium in Council’s Covered Hall in Tripureshwor, Kathmandu. India
Ahmedabad. defeated Kazakhstan in a shared set of 3-0.
● Steven Smith, the prominent Australian batsman, ● The third edition of the Khelo India University Games
achieved another significant milestone by becoming the
concluded at the IIT BHU campus in Varanasi. The closing
second-fastest player in the history of Test cricket to reach
ceremony was attended by Anurag Singh Thakur, the
9000 runs. The 34-year-old accomplished this feat in 174
Union Youth Affairs and Sports Minister, Nishith Pramanik,
innings, just two innings behind Kumar Sangakkara, the
the Union Minister of State for Sports, and Yogi
former Sri Lankan captain, who achieved the same
Adityanath, the Chief Minister of Uttar Pradesh.
milestone in 172 innings.
● Serbia’s men and the United States women won the FIBA
Important Terms associated: tennis 3x3 World Cup 2023, which took place in Vienna, Austria.
Football {National Game of Brazil, Italy, Germany, Israel, ● Uruguay beat Italy 1-0 to win its first Under-20 World Cup
Mauritius, Poland No. of Players: 11 title held in Argentina. The Celeste’s victory ends a streak of
Important Terms Associated: Back Pass, Corner Kick, Free four consecutive wins of European teams in the
Kick, Dribble, Futsal, Header, Kick off, Banana Kick, Toe tournament.
Poke, Throw-in, Bicycle Kick} ● The KIIT hosted the inaugural Janjatiya Khel Mahotsav,
● AC Milan striker Zlatan Ibrahimovic announces his which is a spectacular sporting event that came to a close
retirement from football after they played season’s final
on June 12. The event has attracted around 5,000
game against Hellas Verona.
indigenous athletes and 1,000 officials who represent 26
● Uruguay beat Italy 1-0 to win its first Under-20 World Cup
states.
title held in Argentina. The Celeste’s victory ends a streak of
● Goa’s Chief Minister Pramod Sawant launched ‘Moga’ at a
four consecutive wins of European teams in the
tournament. launch ceremony held at Dr. Shyama Prasad Mukherjee
● India lifted the Intercontinental Cup as it tamed a young Stadium in Taleigao,Goa.
Lebanon side by two second-half goals at the Kalinga ● Egypt have been crowned the SDAT (Sports Development
Stadium. India beat Lebanon 2-0 in the Intercontinental Cup Authority of Tamil Nadu) WSF(World Squash Federation)
final at the Kalinga Stadium, Bhubaneswar to win the title. Squash World Cup Champions after beating Malaysia.
● Cristiano Ronaldo has received a Guinness World Record ● The Adani Group celebrated its Foundation Day, honoring
after reaching 200 international caps for Portugal. The the Indian cricket team that won the 1983 World Cup. The
legendary forward is making his 200th appearance for A event, dubbed “Adani Day,” took place on the 61st birthday
Selecao das Quinas in their Euro 2024 qualifier against of the group’s founder, Gautam Adani. The Adani Group
Iceland. launched the “Jeetenge Hum” campaign during the event.
149 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● The 16th Special Olympics World Games, the world’s Grand Prixes
largest inclusive sports event, took place in Berlin, • Sergio Perez won the Azerbaijan Grand Prix in Baku, with
Germany, from 17th June to 25th June 2023. Max Verstappen finishing in second place.
● Diksha Dagar, a talented 22-year-old southpaw golfer from • Max Verstappen wins Miami Grand Prix for second
Jhajjar, Haryana, secured her second golf Ladies European consecutive year.
Tour (LET) title at the Czech Ladies Open. • Red Bull’s Max Verstappen won the 2023 Monaco Grand
Prix.
Sports Current Affairs of May Hockey
Cricket {National Game of Australia, Bermuda, England, • Odisha extends sponsorship for Indian hockey teams for ten
Jamaica No. of Players: 11 more years from 2023 to 2033.
Important Terms associated: Arm ball, Beamer, Bottom
hand, Bouncer, Cameo, Carrom ball, Chinaman, Flick, Free Badminton / Boxing/ Wrestling/Weightlifting
hit, Glance, Googly, Hat-trick, Hit wicket, Leg bye, Nelson, • Indian badminton players Satwiksairaj Rankireddy and
Night watchman, Pinch hitter, Sweep, Upper Cut.} Chirag Shetty won India's first men's doubles gold at the
• Mark Nicholas chosen as next president of MCC, to take Badminton Asia Championships, defeating Malaysia's Ong
over from Stephen Fry in October. Yew Sin and Teo Ee Yi.
• Omar Rashid appointed Chair of Badminton Asia's
• Babar Azam broke the record for the fastest player to score
Technical Officials Committee.
5000 runs in One Day International cricket in 97 innings,
during Pakistan's fourth match against New Zealand. The
Other Sports Current Affairs
previous record was held by Hashim Amla, who achieved it
• Indian sailor Commander Abhilash Tomy (retd.) to end 236-
in 101 innings.
day solo non-stop yacht race around the world.
• Mastercard replaces BharatPe as ICC's global sponsor.
• Belgian snooker player Luca Brecel claimed his first world
• Yuzvendra Chahal becomes first Indian bowler to take 300 title by defeating Mark Selby 18-15 in a thrilling final at the
wickets in T20 cricket with 4 wickets for 17 runs against Crucible in Sheffield.
Sunrisers Hyderabad. • FIDE and Tech Mahindra's Global Chess League will be held
• The Board of Control for Cricket in India (BCCI) announced in Dubai for its inaugural edition in association with Dubai
that Adidas will be the new kit sponsor of the Indian team. Sports Council.
• Ambati Rayudu, the Chennai Super Kings’ star batter, • Former 100m world champion sprinter from the United
announced his retirement from the Indian Premier League. States of America, Tori Bowie, died at the age of 32. The
American was crowned world champion in 2017 and won
Important Terms associated: tennis three Olympic medals at the Rio Games in 2016.
• Kasumi Ishikawa, a three-time Olympic medalist in table • Neeraj Chopra won the Doha Diamond League 2023 with an
tennis from Japan, has announced her retirement. 88.67 m throw.
• Andy Murray, has won his first tournament since 2019 by • Praveen Chithravel sets national record in men's triple jump
defeating Tommy Paul, in the final of the ATP Challenger at Havana meet.
event in Aix-en-Provence. • V. Prraneeth, a 15-year-old chess player from Telangana,
achieved the title of Grandmaster, becoming the sixth from
Football {National Game of Brazil, Italy, Germany, Israel,
the state and the 82nd in India.
Mauritius, Poland No. of Players: 11
• The traditional game of Gatka is set to receive a major boost
Important Terms Associated: Back Pass, Corner Kick, Free
on a national level as it has been officially included in the
Kick, Dribble, Futsal, Header, Kick off, Banana Kick, Toe
37th National Games-2023.
Poke, Throw-in, Bicycle Kick} • Tokyo Olympic gold medallist Neeraj Chopra has claimed
• AIFF declares June 23 as 'AIFF Grassroots Day' in honor of number one ranking in men’s javelin for the first time.
Pradip Kumar Banerjee. • The highly anticipated third edition of the Khelo India
• Football Club Barcelona (FC Barcelona) has become the University Games (KIUG) has commenced in Uttar Pradesh.
champions of Spain for the 27th time in the club’s 123-year • World Chess Champion Magnus Carlsen won the 2023
history. Superbet Rapid & Blitz Poland, the second leg of the Grand
• The FIFA World Cup™ Trophy, which is widely regarded as Chess Tour (GCT) at the Museum of the History of Polish
the most prestigious and recognized sporting symbol Jews.
worldwide, has been revealed as a prominent feature of the • India has won the title of NSC-CAVA Women’s Volleyball
official brand for the FIFA World Cup 2026. Challenge Cup held in Kathmandu.

150 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Science & Technology
Science & Technology of October • The Mars Oxygen In-Situ Resource Utilization
Experiment, commonly referred to as MOXIE, has
● In a significant boost to the agri-tech sector, experts have achieved a remarkable feat by producing a substantial 122
recommended 24 start-ups for technical and financial grams of oxygen, a quantity sufficient for sustaining a small
support from a dedicated fund of Rs 20 crore. This dog’s breathing for approximately 10 hours.. This compact
transformative initiative was announced during the device, roughly the size of a microwave, possesses an
ATMAN (Agri sTartup deMo And funding) 2023 program. extraordinary capability: it can convert the tenuous and
● Telecom giant Nokia has made a significant stride towards inhospitable Martian atmosphere into vital, life-sustaining
the future of wireless technology with the establishment of oxygen.
its state-of-the-art 6G lab at the company’s global R&D • Amazon Web Services (AWS), a major player in the cloud
center in Bengaluru, India. This “first-of-its-kind” project is computing industry, has entered into a strategic
set to revolutionize the way we perceive and interact with Memorandum of Understanding (MoU) with the Indian
Space Research Organization (ISRO) and the Indian
the digital and physical worlds.
National Space Promotion and Authorization Centre (IN-
● Jitendra Singh, Minister of State for Space, Science, and
SPACe). This collaboration aims to support space-tech
Technology, officially announced that, on October 21, The
innovations through cloud computing, opening up exciting
Indian Space Research Organisation (ISRO) is poised to possibilities in the space sector.
make history as it prepares to conduct the first in a series of • Apple’s iPhone 15 Pro and iPhone 15 Pro Max are the
critical test flights in anticipation of the much-anticipated company’s latest flagship smartphones, and they come
Gaganyaan mission, which marks India’s maiden charge with a number of notable upgrades, including a new
into manned space exploration. brushed titanium frame, a powerful A16 Bionic chip, and a
more advanced camera system. However, one of the most
Science & Technology of September significant changes under the hood is the integration of
precision dual-frequency GPS, including support for
• In a remarkable feat of innovation and technological NavIC, the Indian Regional Navigation Satellite System
prowess, Hyderabad-based private sector firm Grene (IRNSS).
Robotics has introduced Indrajaal, world’s only autonomous • The Geological Survey of India Training Institute (GSITI),
wide area, counter-unmanned aircraft system (C-UAS). located in Hyderabad, recently forged a significant
This state-of-the-art system is touted as capable of collaboration with the Indian Space Research
safeguarding against micro, mini, small, large, and extra- Organisation (ISRO), headquartered in Bengaluru. This
large drones, signaling a significant advancement in Indian momentous partnership was sealed through a
defense technology. Memorandum of Understanding (MoU) signed on
September 11, marking the initiation of a five-year
• Japan has launched “moon sniper” its lunar exploration
partnership under the National Natural Resources
spacecraft aboard a homegrown H-IIA rocket, clearing a
Management System (NNRMS) programme. The MoU
path to become the world’s fifth country to land on the
signing event was attended by key representatives from
moon early next year. Japan Aerospace Exploration both organizations, emphasizing the commitment to
Agency (JAXA) said the rocket took off from Tanegashima enhancing expertise in critical areas.
Space Center in southern Japan as planned and successfully
released the Smart Lander for Investigating Moon (SLIM).
• The Council of Scientific and Industrial Research (CSIR) is
all set to host its annual "One Week One Lab" programme
from 11th to 16th September 2023, an exciting event where
each of its 37 cutting-edge laboratories situated across the
nation will unveil their remarkable research outcomes and
accomplishments.
• A newly discovered green comet is zipping by Earth and is
now visible for the first time in more than 400 years. Comet
Nishimura was discovered by amateur Japanese
astronomer Hideo Nishimura on August 11 and named
after him. Nishimura first spotted it by taking long exposure
shots using a Canon digital camera and a telephoto lens.

151 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
• An international group of scientists, including botanists • The mission is spearheaded by Arizona State University,
from the University of Oxford’s Botanic Garden, has with NASA’s Jet Propulsion Laboratory overseeing
issued a dire call to action to save the iconic genus Rafflesia. mission management, operations, and navigation. The
These remarkable plants, known for their massive, foul- spacecraft’s solar-electric propulsion system will be
smelling flowers, are under severe threat due to habitat constructed by Maxar (formerly SSL), complemented by a
destruction and lack of protection. A recent study has shed suite of scientific instruments.
light on the precarious status of Rafflesia, urging immediate • NASA’s Perseverance Mars rover has accomplished an
conservation efforts to prevent their extinction. impressive feat by traversing a massive boulder field at a
• The I2U2 group comprising India, Israel, the United Arab record speed, taking only a third of the time it would have
Emirates (UAE), and the United States has unveiled an taken its predecessor, Curiosity. The rover’s journey
ambitious joint space venture. This collaborative initiative through the challenging terrain of Snowdrift Peak in the
aims to create a groundbreaking space-based tool with Jezero Crater is a testament to its advanced autonomous
wide-ranging applications for policymakers, institutions, navigation capabilities and highlights its commitment to
and entrepreneurs. The announcement follows India’s maximizing scientific exploration time.
recent successful lunar mission, marking a significant
milestone for the quartet’s space exploration efforts. Science & Technology of August
• The climactic end of a seven-year voyage comes to an end ● Open AI CEO Sam Altman along with two co-founders
when a NASA capsule landed in the Utah desert, carrying launched the Worldcoin crypto project to grant users a
to Earth the largest asteroid samples ever collected. verified digital identity and access to a financial project.
Scientists have high hopes for the sample, saying it will ● The Chandrayaan-3 spacecraft, which marks India’s third
provide a better understanding of the formation of our solar lunar exploration mission, has accomplished a noteworthy
system and how Earth became habitable. achievement by entering the moon’s sphere of influence.
• Health experts from around the world are sounding the This successful entry was made possible through a
alarm about a potential global pandemic referred to as TransLunar Injection (TLI) executed by the Indian Space
“Disease X,” which could surpass the lethality of COVID-19 Research Organisation (ISRO). The upcoming crucial step
and claim over 50 million lives. They warn that COVID-19 is the Lunar Orbit Insertion (LOI) scheduled for August 5,
might be just a precursor to more devastating pandemics in during which the spacecraft’s liquid engine will be activated
the future. Dame Kate Bingham, who chaired the UK’s once more to position it into a lunar orbit.
Vaccine Taskforce, issued a grim warning about the ● Astronomers have made a stunning discovery of “Einstein
severity of Disease X. She emphasized that the world has Cross,” where light from a distant galaxy is split and
been fortunate that COVID-19 was not more lethal and magnified by a foreground elliptical ground. This event was
cautioned that the next pandemic could be exponentially first predicted by Albert Einstein in 1915 as a consequence
more deadly. of his theory of general relativity.
• The Indian Space Research Organization (ISRO) has faced ● The National Health Authority (NHA) and the Ministry of
a setback in its Chandrayaan-3 mission as they strive to re- Health are actively engaged in the development of an
establish communication with the Vikram lander and Organ Donation Registry, aimed at introducing structural
Pragyan rover on the lunar surface. Despite encountering improvements to the National Organ Tissue
difficulties, ISRO remains optimistic about the possibility of Transplantation Organisation (NOTTO). The NOTTO is
waking up the lander and rover during the lunar day, which responsible for arranging organ transplantation
spans 14 Earth days. In this article, we delve into the operations throughout the nation. The establishment of
challenges faced by ISRO, the potential reasons for the this digital registry is anticipated to eradicate
communication failure and the hopes for a successful intermediaries within the system.
revival. ● The Zoological Survey of India (ZSI) unveiled a recent
• Search giant Google has unveiled its Earthquake Alerts publication titled “75 Endemic Birds of India” on the
System for Android smartphone users in India. Developed occasion of its 108th foundation day. This publication
in collaboration with the National Disaster Management highlights a surprising fact: A remarkable 5% of India’s bird
Authority (NDMA) and the National Seismology Center species are confined solely within the nation’s boundaries,
(NSC), this system offers early warnings of seismic activities making them true avian treasures that are not reported
and is available in multiple Indian languages. anywhere else on the planet.
• The Psyche mission represents an ambitious venture to ● Astronomers used the James Webb Space Telescope to
explore a distinct metallic asteroid positioned in orbit capture this striking new image of Messier 57, more
between Mars and Jupiter. The exceptional feature of this popularly known as the Ring Nebula. The nebula in the
asteroid, named Psyche, is its composition, believed to be image is actually the glowing remains of a sun-like star and
the exposed nickel-iron core of an ancient planet – a at its centre is the star’s hot core, which is called a white
fundamental building block of our solar system. dwarf.
152 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● In a strategic partnership, NewSpace India Limited (NSIL) ● The awe-inspiring image of the irregular galaxy ESO 300-
teams up with Tata Play to introduce GSAT-24. The 16 has been captured by none other than the renowned
objective of this partnership is to augment satellite Hubble Space Telescope. This remarkable deep space
broadcasting capabilities and provide high-quality observatory is celebrated for its unrivaled ability to provide
entertainment to every part of the nation. This partnership high-resolution and meticulously detailed images of
signifies a significant advancement in India’s celestial objects, truly unlocking the mysteries of the
telecommunications sector, propelled by state-of-the-art universe.
indigenous technology. ● Indian Space Research Organisation (ISRO) is preparing
for one more lunar mission, this one in collaboration with
● Russia is to launch its first lunar landing spacecraft, Luna-
Japanese space agency, The Japan Aerospace Exploration
25, on August 11, marking a significant step in its renewed
Agency (JAXA). This mission, called LUPEX, or Lunar
lunar exploration efforts. This mission follows closely after
Polar Exploration, is slated for 2024-25. But there would be
India’s Chandrayaan-3 lunar lander launch, reflecting a more in the Chandrayaan series as well. LUPEX will offer
global interest in exploring the moon’s south pole, ISRO another opportunity to probe the surface of the Moon.
potentially rich in resources like ice for future human ● Union Minister Jitendra Singh provided a significant
habitation. update on the progress of the Indian Space Research
● The Indian Space Research Organisation (ISRO) is Organisation’s (ISRO) Gaganyaan mission, stating that
launching its first solar mission, Aditya-L1, to study the trials for the mission will commence in October.
Sun. The mission will be placed in a halo orbit around the ● The Indian Space Research Organisation (ISRO) has
Lagrange point 1 (L1), which is about 1.5 million kilometers achieved a significant milestone by successfully testing its
from Earth. From this vantage point, Aditya-L1 will be able innovative device named ‘Nabhmitra’. This device,
to study the Sun’s atmosphere, magnetic fields, and space developed at ISRO’s Space Applications Centre in
weather impacts. Ahmedabad, aims to enhance the safety of fishermen
● The Korea Advanced Institute of Science & Technology during their sea expeditions. The successful testing took
(KAIST) is making groundbreaking advancements in place at Neendakara, where the device was installed on a
aviation with the development of “Pibot,” a humanoid fishing vessel, and its capabilities were assessed in the
robot designed to fly aircraft using its own dexterity and presence of both scientists and officials from the Fisheries
department.
advanced AI capabilities. Pibot’s ability to manipulate flight
● In a groundbreaking announcement, the Indian Space
instruments, understand complex manuals, and react
Research Organisation (ISRO) revealed that
quickly to emergency situations showcases its potential to
Chandrayaan-3’s Pragyan rover module has successfully
transform aviation and other industries. confirmed the presence of sulphur (S) on the surface of the
● Chennai-based Agnikul Cosmos has commenced the Moon. This significant revelation comes as a result of the
integration process of its groundbreaking launch vehicle, first-ever in-situ recordings conducted near the lunar south
Agnibaan SOrTeD (Sub-Orbital Technological pole. The confirmation of sulphur’s presence holds
Demonstrator), with its private launchpad situated at the paramount importance in unraveling the Moon’s elemental
Satish Dhawan Space Centre in Sriharikota. While the composition and furthering our understanding of its
exact launch date remains undisclosed, the recent event geological history.
marks a pivotal milestone in Agnikul Cosmos’s pursuit of
space innovation. Science & Technology of July
● The Indian Space Research Organisation (ISRO) has
● The Indian Space Research Organisation (ISRO) has
achieved an impressive feat on YouTube’s live streaming
completed the assembly of the Chandrayaan-3 rocket and
platform. The Chandrayaan-3 Mission Soft-landing LIVE
is now preparing for the final round of tests before the
Telecast, broadcasted on August 23, 2023, captured the
anticipated launch. The spacecraft, including the
attention of over 80 lakh peak concurrent viewers (PCVs), indigenous lander module, propulsion module, and rover, is
making it the most-watched live stream globally. fully integrated, and the payload faring has also been
● Indian Space Research Organisation’s (ISRO) Chief S completed. The launch is expected to take place between
Somanath announced that Aditya-L1 mission, the first July 12 and July 19.
space-based Indian observatory to study the Sun will be ● India has taken a significant stride forward in the field of
likely launched by the first week of September. This telecommunications, with the acquisition of over 200
announcement comes hours after ISRO’s third lunar patents for 6G technology. The announcement was made
mission Chandrayaan-3 made a successful landing on the by the Communications and IT Minister, Ashwini Vaishnaw,
lunar surface. during the launch of the Bharat 6G Alliance in New Delhi.

153 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Meta, the owner of Instagram, has introduced a new social ● ISRO successfully tested Gaganyaan Human Spaceflight
media platform called Threads. With Twitter facing Mission on 19th July at ISRO Propulsion Complex (IPRC) at
instability under its billionaire owner Elon Musk, Meta aims Mahendragiri in Tamil Nadu.
to capitalize on the situation. ● HCL Tech, a multinational IT company ,has joined the XR
● India’s lunar mission Chandrayaan-3 is going to be Startup Program, a collaborative effort between Meta and
launched on July 14, at 2:35 P.M. from Satish Dhawan Space the MeitY Startup Hub, to bolster and accelerate extended
Centre in Sriharikota announced by the Indian Space reality (XR) technology startups in India.
Research Organisation (ISRO).The date was later ● Elon Musk, owner of Twitter launched the new logo of
confirmed by Secretary of Space department and ISRO Twitter ‘X’ by replacing the iconic bird logo. The “X” logo
Chairman S. Somnath at a press briefing on the sidelines of has been in the pipeline for a while with Musk’s strong want
the G-20 Fourth Economy Leaders Meeting in Bengluru. of an “everything app”. Before he bought Twitter for $44
● In a significant stride towards achieving self-reliance in billion, Musk described the platform as “an accelerant to
navigation applications and services, Elena Geo Systems, a creating X, the everything app" - something he plans to
Bengaluru-based firm, has unveiled the country’s first hand- launch eventually.
held navigation device based on the Indian Regional ● ISRO to launch PSLV-C56 with six co-passenger satellite
Navigation Satellite System (NavIC). on 30th July at 6:30 AM from the first launch pad of Satish
● SpaceX, the aerospace company founded by Elon Musk, Dhawan Space Centre, Sriharikota.
has achieved two significant milestones in its quest to ● A new Internet ransomware virus called ‘Akira’ has surfaced
expand global internet connectivity through its Starlink in cyberspace, designed to steal crucial personal
satellite communications service. The Mongolian information and encrypt data, thereby coercing individuals
government has granted SpaceX licenses to operate as an into paying ransom money. The Indian Computer
internet service provider. Emergency Response Team (CERT-In) said in a latest
● India, the interest of producing green hydrogen has been advisory to Internet users.
increasing which is hydrogen produced using renewable ● India AI and Meta have forged a collaborative partnership
energy sources. Green house significantly reduce green- with the shared objective of propelling the progress of AI &
house gas emission as it does not contain any carbon Emerging Technologies research and development. The
dioxide when burned. partnership’s primary aim is to achieve groundbreaking
● The European Space Agency (ESA) has recently launched advancements in AI technology and its practical
the Euclid Space Telescope, a specially designed applications.
instrument aimed at revolutionizing our understanding of
the universe. This state-of-the-art telescope will enable Science & Technology of June
scientists to create a detailed three-dimensional map of
billions of galaxies spread across a vast area of 10 billion ● Microsoft has signed a memorandum of understanding
light-years. (MoU) with Directorate General of Training (DGT) under
● Indian Space Research Organization decided to transfer the Ministry of Skills Development and Entrepreneurship
the SSLV completely to the private sector, not just the (MSDE) to train 6,000 students and 200 educators in digital
manufacturing but full transfer. and cyber-security skills in the country.
● The Ministry of New and Renewable Energy Sources has ● India recently achieved a significant milestone in the field of
unveiled draft and roadmap to outline the research and aviation as it conducted Asia’s first demonstration of
development priorities for manufacturing and storing of performance-based navigation for helicopters. The
Green Hydrogen. successful flight from Juhu to Pune showcased the
● SpaceX founder, Elon Musk, the well-known billionaire utilization of GAGAN satellite technology, a joint
entrepreneur recognized for his accomplishments in development by the Indian Space Research Organisation
electric vehicles, space exploration, and social media, has (ISRO) and the Airports Authority of India (AAI).
introduced his highly anticipated artificial intelligence ● Microsoft and AirJaldi Networks, a leading provider of
startup, xAI. The primary objective of the company is to internet connectivity solutions for rural areas, have joined
disrupt the dominance of major technology corporations in forces through a three-year Memorandum of
the AI industry, with a particular focus on developing an Understanding (MoU) titled ‘Contentful Connectivity.’
alternative to OpenAI’s ChatGPT. ● The bright red star Betelgeuse, called ‘Thiruvathirai’ or
● India launched its ambitious Chandrayaan-3 mission to the ‘Ardra’ in Indian astronomy, is easily spotted in the
Moon. The spacecraft launched aboard India’s heaviest constellation Orion. Recent studies on the colossal red
rocket, Launch vehicle Mark-III a.k.a LVM3 on a journey to giant star Betelgeuse suggest that it is approaching the
the Moon. The spacecraft will complete the 3,84,000 late stages of its life, specifically the carbon-burning phase,
kilometers-long journey in nearly 45 days to attempt a soft- and there is a possibility that it will explode as a supernova
landing on the Moon by end of August. within the next few decades.

154 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Researchers at the Indian Institute of Technology Madras journey to the International Space Station (ISS). Sponsored
(IIT Madras) have made significant progress in the field of by the Saudi Arabian government, a female stem cell
air pollution monitoring by developing a low-cost mobile air researcher named Rayyanah Barnawi.
pollution monitoring framework. • Garuda Aerospace, a leading drone manufacturer, has
● C.A. Bhavani Devi, an Olympian from Chennai, made joined hands with Naini Aerospace, a subsidiary of
history by securing India’s first-ever medal at the Asian Hindustan Aeronautics Limited (HAL), under the
fencing championships held in Wuxi, China. Bhavani’s administrative control of the Ministry of Defence, to
outstanding performance and determination earned her a establish a joint development partnership.
well deserved bronze medal in this prestigious event.
• Axiom Space, a private space habitat company, recently
● Prime Minister Narendra Modi signed the Artemis Accords
launched their latest mission, Axiom Mission 2 (Ax-2), to the
during his state visit to the United States, marking India’s
International Space Station (ISS).
commitment to global space cooperation and lunar
exploration. The accords, initiated by NASA and the US • Microsoft has launched Jugalbandi, a generative AI-driven
Department of State, provide a framework for multilingual chatbot accessible via popular messaging
collaboration in civil space exploration and use, with a focus platform, WhatsApp.
on returning humans to the Moon and expanding space • The International Supercomputing Conference (ISC 2023) in
exploration to Mars and beyond. Germany, the AI Supercomputer ‘AIRAWAT’, situated at C-
● Virgin Galactic achieved a significant milestone as it DAC, Pune, achieved an impressive global ranking of 75th
successfully conducted its first commercial suborbital on the esteemed Top 500 Global Supercomputing List.
flight, named Galactic 01. With a crew comprising two • Infosys, a leading IT services company, has launched Topaz,
Italian air force officers, an aerospace engineer, a Virgin a comprehensive suite of services, solutions, and platforms
Galactic instructor, and two pilots, the VSS Unity that harness the power of generative Artificial Intelligence
spaceplane soared approximately 80 kilometers (50 miles) (AI) technologies.
above the New Mexico desert. • The Indian Space Research Organisation is collaborating
with the Raman Research Institute (RRI), Bengaluru, an
Science & Technology of May
autonomous research institute, to build the X-Ray
• IIT Madras researchers develop GBMDriver, a machine Polarimeter Satellite (XPoSat) that is scheduled to be
learning-based computational tool for improved detection launched later this year.
of cancer-causing tumours in the brain and spinal cord. • The Indian Space Research Organisation (ISRO) achieved
• ISRO launches START: Online space training for students. yet another milestone as its geosynchronous satellite
• In a groundbreaking moment for Saudi Arabia, the launch vehicle (GSLV) rocket, GSLV-F12, successfully
country’s first astronauts in decades have embarked on a placed the navigation satellite NVS-01 into orbit.

Schemes/ Apps
Schemes/ Apps of October ● In a groundbreaking initiative to empower women, the
Central Reserve Police Force (CRPF) kick-started an all-
● The Swachhata Hi Seva (SHS) campaign, which kicked off female bikers’ expedition rally named ‘Yashasvini‘ from
on September 15, reached its culmination on the eve of Srinagar to Gujarat on Tuesday. The rally, an ode to
Mahatma Gandhi’s birth anniversary. This nationwide
women empowerment, was flagged off from the iconic
initiative, also known as the ‘Swachhata Hi Seva’ campaign,
Ghanta Ghar near the city center of Lal Chowk in Srinagar.
was led by Prime Minister Narendra Modi and garnered
The esteemed guest who inaugurated this remarkable
widespread participation from citizens across India. The
journey was the Lieutenant Governor of Jammu and
campaign was not just a standalone effort but a precursor
Kashmir, Manoj Sinha.
to the grand celebration of ‘Swachh Bharat Diwas’ or
● In a remarkable move towards enhancing education and
‘Swachhta Diwas,’ observed on October 2 each year. The
bolstering the socio-economic advancement of Scheduled
theme for SHS-2023 was ‘Garbage Free India,’ with a
particular focus on visual cleanliness and the welfare of Caste (SC) students, the Ministry of Social Justice &
SafaiMitras (sanitation workers). Empowerment has unveiled the ‘Scheme for Residential
● The Prime Minister Street Vendor’s AtmaNirbhar Nidhi, or Education for Students in High Schools in Targeted
PM SVANidhi scheme, has achieved a significant milestone Areas’ (SHRESHTA). The primary objective of this initiative
by providing assistance to over 50 lakh street vendors is to extend the influence of government development
across the country. Street vendors have long been essential programs and address service gaps in regions
contributors to the urban informal economy, offering vital predominantly inhabited by SC communities within the
goods and services to urban residents. education sector.

155 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Dr. Jitendra Singh, the Minister of State for Personnel, ● India’s Intensified Mission Indradhanush (IMI) 5.0, a
Public Grievances, and Pensions, inaugurated the Special flagship immunization campaign launched by the Health
Campaign 3.0 in the Department of Administrative Ministry, is nearing its conclusion today. This campaign,
Reforms and Public Grievances (DARPG). This campaign, which strives to reach children who have missed vaccine
themed “Digital DARPG,” aimed at enhancing service doses or fallen behind their vaccination schedule, along
delivery, utilizing emerging technologies, and ensuring with pregnant women across the country, has undergone
efficient management within government offices. some remarkable transformations this year. As of
● The Union Road Transport & Highways Minister, Nitin September 30, the campaign had already made impressive
Gadkari, recently announced the approval of seven bridge strides, with over 34,69,705 children and 6,55,480
projects in Arunachal Pradesh. These projects, with a
pregnant women receiving vaccine doses during the first
cumulative cost of Rs 118.5 crore, are part of the Setu
two rounds. A significant achievement given the challenges
Bandhan scheme and are aimed at enhancing connectivity
posed by the ongoing global pandemic.
and fostering economic development in the state.

Schemes/ Apps of September


Name Ministry Purpose
Jal Jeevan Mission (JJM) has provided tap water connections to an impressive 13
Jal Jeevan Mission crore rural households, marking a remarkable journey since its launch on India’s
73rd Independence Day, August 15, 2019.
The Prayagraj police have taken a proactive step towards ensuring the safety
and well-being of senior citizens in their community. They have recently
‘Savera‘ scheme, launched the ‘Savera‘ scheme, aimed at offering essential services during health
and other emergencies to senior citizens residing in seven districts within the
Prayagraj zone.
Access to justice is a fundamental right that every citizen should enjoy,
Department of regardless of their geographical location or socio-economic status. In a
Tele-Law 2.0 Justice, Ministry significant stride towards achieving this goal, the Union Minister of Law and
of Law & Justice Justice recently launched Tele-Law 2.0, a revamped version of the Tele-Law
program.
The Indian government has initiated the 2023-24 Series II of the Sovereign Gold
Bond (SGB) Scheme, which has begun its subscription phase today and will
Sovereign Gold Bond remain open until September 15. While the bond’s nominal value stands at Rs
(SGB) Scheme 5,923 per gram of gold, the government, in consultation with the RBI, offers a
discount of Rs 50 per gram over the nominal value to online applicants, reducing
the issue price to Rs 5,873 per gram of gold.
The Indian government has unveiled the third phase of its Ujjwala scheme. This
initiative aims to provide free gas connections, along with a stove and a refill, to
Ujjwala scheme
7.5 million impoverished households for three years. The move extends the
program’s total coverage to an impressive 103.5 million households.
The Scheme for Higher Education Youth in Apprenticeship and Skills (SHREYAS
scheme), comprising four central sector sub-schemes, has been instrumental in
empowering thousands of students from Scheduled Castes (SCs) and Other
SHREYAS scheme Backward Classes (OBCs) since its inception in 2014. This umbrella scheme
encompasses “Top Class Education for SCs,” “Free Coaching Scheme for SCs
and OBCs,” “National Overseas Scheme for SCs,” and “National Fellowship for
SCs.”
Prime Minister Narendra Modi has unveiled the ‘PM Vishwakarma’ scheme on
the auspicious occasion of ‘Vishwakarma Jayanti.’ This initiative is designed to
provide crucial support to traditional craftsmen and artisans by offering them
‘PM Vishwakarma’
low-interest loans without requiring collateral. With a substantial financial
scheme
allocation of Rs 13,000 crore over a five-year period, this scheme aims to benefit
approximately 30 lakh families of traditional artisans and craftsmen, including
weavers, goldsmiths, blacksmiths, laundry workers, and barbers.

156 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Name Ministry Purpose
In a significant move to empower rural youth, especially women, and equip
them with essential digital skills, Union Education and Skill Development and
‘Skills on Wheels’ Entrepreneurship Minister, Dharmendra Pradhan, alongside Lok Sabha Speaker
initiative Om Birla, inaugurated the groundbreaking ‘Skills on Wheels’ initiative. The
primary objective of this initiative is to enhance the employability of rural youth
and prepare them for the challenges of the future job market.
Union Minister for Youth Affairs & Sports Shri Anurag Singh Thakur has
Pandit Deendayal felicitated players under Pandit Deendayal Upadhyay National Welfare Fund for
Upadhyay National Sportspersons (PDUNWFS) in New Delhi. Pandit Deendayal Upadhyay National
Welfare Fund for Welfare Fund for Sportspersons (PDUNWFS) was formulated to help
Sportspersons sportspersons who play well but are from poor and needy family. The scheme
(PDUNWFS) helps in procurement of sports equipment and training and till date 270
sportspersons have been provided support of around 8 crore 15 lakhs rupees.
This event is being organized to commemorate two significant milestones in
India’s healthcare sector: the 5th anniversary of the Ayushman Bharat Pradhan
Arogya Manthan’
Mantri Jan Arogya Yojana (AB PM-JAY) and the 2nd anniversary of the
Ayushman Bharat Digital Mission (ABDM).
The Central Government extended support for exports under the Remission of
Remission of Duties and
Duties and Taxes on Exported Products (RoDTEP) scheme till 30 June 2024. The
Taxes on Exported
RoDTEP support was originally notified until 30 September 2023, but this
Products (RoDTEP)
extension comes at a crucial time when the country’s exports are facing
scheme
challenges due to the global economic slowdown.

Schemes/ Apps of August


Name Ministry Year Purpose
Pradhan Mantri In Financial Year (FY) 2022-23, the Pradhan Mantri MUDRA Yojana
Union Minister for
MUDRA Yojana (PMMY) has achieved a significant milestone by sanctioning over 6.23
State for Finance
(PMMY) crore loans.
Ministry of Culture under the Government of India, aimed at the
National Mission on modernization and digital interconnection of almost 9,000 libraries
Ministry of Culture
Libraries throughout the country. Its primary goal is to grant readers easy access
to a vast array of books and information
Project Tiger and Project Elephant, two significant conservation
Project Tiger and initiatives in India, have been merged under a new division called
Elephant Division ‘Project Tiger and Elephant Division’ by the Union Ministry of
Environment, Forest and Climate Change (MoEFCC).
The NTA has started the registration procedure of the applicants for the
YASASVI Scheme scholarship programme on the NTA’s website by 10th August 2023 under
the YASASVI Scheme.
The migration will help make DIKSHA more accessible and lower its IT
Digital Infrastructure
costs. Under the seven-year collaboration pact, OCI will help the
for Knowledge
ministry use DIKSHA to provide educational resources to millions of
Sharing (DIKSHA)
additional students, teachers and collaborators across the country.
The Department of Expenditure under the Ministry of Finance has
launched Vivad se Vishwas 2 .0 also known as Contractual Disputes
Vivad se Vishwas 2 .0 Ministry of Finance
scheme to settle long-standing contractual disputes involving the
government and government undertakings.
Prime Minister Narendra Modi is set to virtually lay the foundation stone
Amrit Bharat for the redevelopment of 508 railway stations across India on August 6.
Scheme The ambitious project, executed under the Amrit Bharat Scheme, aims
to enhance passenger amenities and improve railway infrastructure.

157 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Name Ministry Year Purpose
The State government of Kerala has launched a groundbreaking scheme
called ‘Shubhayatra’. The scheme aims to provide much-needed
Shubhayatra
financial support to first-time overseas emigrants from Kerala,
facilitating a positive and productive migration ecosystem.
The Ministry implemented ‘Naya Savera’ scheme also known as ‘Free
Coaching and Allied’ scheme to assist students/candidates belonging to
‘Naya Savera’
the six minority communities namely Sikh, Jain, Muslim, Christian,
scheme
Buddhist and Parsi by way of special coaching for qualifying
examinations.
Godhan Nyay Yojna (GNY) initiated by the Chhattisgarh government,
Chief Minister Bhupesh Baghel conducted online transfers exceeding Rs
Godhan Nyay Yojna
15 crore to support cattle rearers, women’s self-help groups (SHGs), and
‘gauthan’ committees.
Bhu-Vision (also Bhu-Vision (also known as KRISHI-RASTAA Soil Testing System) is a
known as KRISHI- revolutionary IoT-based automated soil testing and agronomy advisory
RASTAA Soil Testing platform that was recently launched in India. This system is a game-
System) changer for India’s agriculture sector.
According to the recent data, a significant backlog of pending crop
insurance claims totally approximately Rs.2,716.10 crore was revealed
Pradhan Mantri Fasal
till 2021-22 under the Pradhan Mantri Fasal Bima Yojna (PMFBY). The
Bima Yojna (PMFBY)
maximum pendency of crop insurance claims is in Rajasthan, followed
by Maharashtra and Gujarat.
Chief Minister Ashok Gehlot of Rajasthan has launched the “Indira
Indira Gandhi Free Gandhi Free Smartphone Yojana 2023.” This program provides free
Smartphone Yojana mobile phones, internet, and voice call services to women in the state.
2023 The distribution of smartphones will take place from August 10 to
August 30, 2023, prioritizing widows and divorced women.
Prime Minister Narendra Modi’s recent announcement of the
Vishwakarma Yojana in his Independence Day address has paved the
Vishwakarma Yojana 2023
way for a new scheme aimed at bolstering the livelihood prospects of
traditional artisans and craftspeople.
The Ministry of Education has introduced the Pradhan Mantri Uchchatar
Pradhan Mantri
Shiksha Abhiyan (PM-USHA), a central scheme aimed at enhancing
Uchchatar Shiksha
access, equity, and excellence in higher education across States and
Abhiyan (PM-USHA)
Union Territories.
In a significant development, the cabinet has given its nod to the
extension of the Digital India project, allocating a substantial budget of
Digital India project ₹14,903 crore. Union Minister Ashwini Vaishnaw announced this
decision, highlighting that the extended initiative will build upon the
achievements of its previous iteration.
In a significant move to empower women and foster economic growth,
the Indian government has announced the ‘Lakhpati Didi’ scheme,
‘Lakhpati Didi’
aiming to provide skill training to two crore women across the nation.
scheme
The scheme, previously implemented in select states, now seeks to
expand its reach and impact on a national scale.
The Maharashtra government has taken a significant step towards
enhancing connectivity and improving the lives of tribal communities in
Bhagwan Birsa
the state. The Bhagwan Birsa Munda Jodaraste Scheme aims to link all
Munda Jodaraste
tribal villages in 17 districts of Maharashtra with main roads, effectively
Scheme
addressing the challenges faced by these communities in accessing
essential services.

158 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Name Ministry Year Purpose
In an impressive achievement, the total number of Jan Dhan accounts in
India has crossed the significant 50 crore mark within a span of fewer
Jan Dhan accounts than 9 years. This successful initiative has brought about substantial
changes in the nation’s financial landscape, according to an official
statement from the finance ministry.
North East Special On August 21, 2023, the Ministry of Development of North Eastern
Infrastructure Region announced the continuation of the North East Special
Development Infrastructure Development Scheme (NESIDS) with an approved budget
Scheme (NESIDS) of Rs. 8139.50 crore for the period 2022-2023 to 2025-2026.
Mera Bill Mera
Adhikar‘ invoice
Pradhan Mantri Jan
Dhan Yojana completes nine years of successful implementation
(PMJDY)

Schemes/ Apps of July


Name Ministry Year Purpose
Mission Vatsalya’ Central relation to the abandonment of the families of minor girls
scheme Government who are victims of rape when they become pregnant.
To provide financial assistance to women entrepreneurs
from backward classes. The scheme aims to empower
women by offering social and financial security through term
Ministry of Social
loans. Implemented by the National Backward Classes
The Swarnima Scheme Justice and 2023
Finance and Development Corporation (NBCFDC) and
Empowerment
carried out by State Channelising Agencies (SCAs), the
scheme facilitates access to loans of up to ₹2,00,000/- at an
interest rate of 5% per annum.
Scheme for Expansion Union Home
and Modernization of Minister and
2023 with a significant allocation of Rs. 5,000 Crore.
Fire Services in the Minister of
States” Cooperation
The mission aims to tackle the challenges posed by sickle cell
National Sickle Cell disease, particularly among the tribal population in India. PM
Anemia Eradication 2023 Modi also unveiled a portal and released guidelines for
Mission(NSCAEM) disease management, along with different monitoring
modules.
Department of
Pradhan Mantri Kisan For the benefits of the small and marginal farmers with the
2018 agriculture and
Samman Nidhi Scheme aim to provide Rs.6,000 per year given in three instalments.
farmers welfare
43 new implementing partners empanelled under SAMARTH
SAMARTH schemes schemes with an additional training target of 75,000
Textile Ministry
beneficiaries and 5% increment in support to implementing
partners.
The Centre has recently made a significant change to the
Pradhan Mantri Awas income criteria for individuals falling under the Economically
Yojana–Urban (PMAY- Weaker Section (EWS) category in the Pradhan Mantri Awas
U) Yojana–Urban (PMAY-U) in the Mumbai Metropolitan
Region (MMR).
Southern Railway has taken a significant step towards
enhancing the facilities at railway stations by identifying 90
Amrit Bharat Station
stations for development under the Amrit Bharat Station
Scheme (ABSS)
Scheme (ABSS). The scheme aims to prepare master plans
for these stations and implement them in a phased manner.

159 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Name Ministry Year Purpose
Pension scheme for unorganised workers in India, has
The Pradhan Mantri
witnessed a significant number of subscribers leaving the
Shram Yogi Maan-dhan
program in less than six months. This trend has raised
(PM-SYM) scheme
concerns about the scheme’s viability and sustainability.
The Ministry of Commerce & Industry, through the
Advance Authorisation Directorate General of Foreign Trade (DGFT), oversees the
Scheme Advance Authorisation Scheme, enabling duty-free import
of inputs for export purposes.
Registration for Gruha Lakshmi starts on 19th July 2023, an
effective scheme launched by the Karnataka Government to
Gruha Lakshmi Scheme provide financial assistance to women heads of a household.
The beneficiaries of Gruha Lakshmi Yojana would be able to
register for free without being lured by any middleman.
The Union Government has diverted the allocation of 1.44
lakh houses under PMAY-G from about 24 States and UTs
PMAY-G
to U.P. as they missed the deadline 30 June 2023 to sanction
them.
CM Bhupesh Baghel announced the launching of New Rural
Gramin Awaas Nyay
Housing Scheme named Gramin Awaas Nyay Yojna on 19th
Yojna
July to provide free housing facility to the poor.
The Indian government has introduced a pioneering “Credit
Credit Guarantee Guarantee Scheme” for the Livestock Sector aimed at
Scheme revitalizing the rural economy and empowering Micro, Small
& Medium Enterprises (MSMEs).
CM of Himachal Pradesh announced the launching of a
Sashakt Mahila Rin
collateral-free loan scheme, namely Sashakt Mahila Rin
Yojna
Yojna to economically empower women.
India is considering expanding its solar STAR-C initiative
operated by ISA, to a number of Pacific Island countries.
STAR-C initiative Solar Technology and Application Resource Centre
(STAR-C) is one of the initiative of International Solar
Alliance (ISA).
Prime Minister’s Development Initiative for North Eastern
Region (PM-DevINE) scheme was announced as a new
Central Sector Scheme. This scheme was 100% funded by
Central Government in the Union Budget of 2022-23 with
PM-DevINE scheme initial list of seven projects and an initial allocation of Rs.1500
crore. PM-DevINE scheme got approval by the Cabinet on
12th October 2022 with an overall outlay of Rs.6,600 crore
for the 4 years period from 2022-23 to 2025-26 (remaining
years of the 15th Finance Commission period).
Ministry of Cooperation has taken various initiatives in
order to envision ‘Sahkar Se Samriddhi’ scheme,
‘Sahkar Se Samriddhi’ strengthening the cooperation movement in the country,
scheme deepening its reach to the grassroots and to enhance the
performance, productivity and profitability of cooperative
societies.
The Cabinet Committee on Economic Affairs, under the
leadership of Prime Minister Shri Narendra Modi, has been
ACROSS scheme given its nod for the continuation of the umbrella scheme
“Atmosphere & Climate Research-Modelling Observing
Systems & Services (ACROSS)” for the next finance cycle of

160 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Name Ministry Year Purpose
five years (2021-2026). The Ministry of Earth Sciences
(MoES) is implementing the ACROSS scheme through its
units, namely India Meteorological Department (IMD),
National Centre for Medium Range Weather Forecasting
(NCMRWF), Indian Institute of Tropical Meteorology (IITM),
and Indian National Centre for Ocean Information Services
(INCOIS).
Under the SAUNI (Saurashtra Narmada Avtaran Irrigation)
scheme, the Government of Gujarat has successfully
SAUNI (Saurashtra
completed the construction of Package 8 and Package 9 of
Narmada Avtaran
Link-3. Prime Minister Narendra Modi is set to inaugurate
Irrigation) scheme
and dedicate this significant project to the people of
Saurashtra in the near future.
Minister of State for health S.P. Singh Baghel told about
the target achievement of Ayushman Bharat-Pradhan
Mantri Jan Arogya Yojna which has resulted in huge out-of
Ayushman Bharat-
pocket expenditure savings related to hospitalisations for
Pradhan Mantri Jan
the targeted beneficiaries. Minister of State for health stated
Arogya Yojna
a total of 3.14 crore beneficiaries are benefitted under the
Ayushman Bharat-Pradhan Mantri Jan Arogya Yojna during
the last two years.

Schemes/ Apps of June


Name Ministry Year Why in news/purpose
Ayushman Bharat Pradhan Ministry of Health and Achieved a significant milestone with 5 crore hospital
2018
Mantri Jan Arogya Yojana Family Welfare admissions, totaling 61,501 crore rupees.
CITIIS 2.0 aims to provide support to selected projects
The City Investments to
Ministry of Housing and that promote circular economy practices, particularly
Innovate, Integrate and Sustain 2018
Urban Affairs focusing on integrated waste management at the city
2.0 (CITIIS 2.0)
level.
Prime Minister Street Vendor’s
Minister for Housing and
AtmaNirbhar Nidhi (PM 2020 Completion of three years
Urban Affairs
SVANidhi) Scheme
launched by the Government of India is in the news for its
unified registration portal, which acts as a one-stop
GOBARdhan” scheme Ministry of Jal Shakti 2018
repository for assessing investment and participation in
the biogas/CBG (Compressed Biogas) sector.
Ministry of Women and The scheme aims to enhance the overall well-being and
Mission Vatsalya 2022
Child Development protection of children in India.
Amrit Dharohar and MISHTI
These schemes are aimed at reviving and conserving
(Mangrove Initiative for
2023 India's wetlands and mangroves, contributing to the
Shoreline Habitats and
campaign for a green future and green economy.
Tangible Incomes)
IRDAI is making efforts to enhance insurance awareness
Bima Vahak Ministry of Finance and penetration in rural areas, and their plan is gaining
momentum through the issuance of draft guidelines
National Mission on Advanced Ministry of Power and the This mission aims to identify and develop emerging
and High-Impact Research Ministry of New and 2023 technologies in the power sector within and outside of
(MAHIR) Renewable Energy India.
Pradhan Mantri Kisan Urja
Suraksha evam Utthan aims to enhance energy security for farmers in India and
2019
Mahabhiyan (PM-KUSUM) promote the use of clean energy in the agriculture sector.
Scheme

161 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Name Ministry Year Why in news/purpose
This program, organized for the first time by NTPC Kanti,
Girl Empowerment Mission
NTPC Kanti seeks to provide academic training, skill development,
(GEM)-2023
and overall personality enhancement to the participants.
The limits on the procurement of tur, urad, and masoor
Price Support Scheme
under the Price Support Scheme operations for the 2023-
operations
24 period have been lifted.
To ensure a sustainable and uninterrupted supply, the
Exploration of Coal and Lignite
2023 Indian government has extended the ‘Exploration of Coal
Scheme
and Lignite Scheme’ from 2021-22 to 2025-26.
Will start accepting applications from June 1 onwards for
‘Modified Semicon India
Indian central government the establishment of semiconductor and display
Programme’
fabrication units in India
‘Pradhan Mantri Matru Celebrated the new initiative of ‘God Bharai’ ceremony
Vandana Yojana’ in Dausa, Rajasthan
The Ministry of Skill
Training of Trainers (ToT) Successfully certified 98 trainers who participated in the
Development &
project. cluster-based project
Entrepreneurship (MSDE)
The Sovereign Gold Bond (SGB) Offers individuals and eligible entities an opportunity to
2023
Scheme invest in gold in a convenient and secure manner.
This move, aimed at curbing rising prices, will impact
Open Market Sale Scheme
certain states, including Karnataka, that provide free
(OMSS)
grains to the poor.
SAGARMALA is a flagship project by the government of
SAGARMALA projects 2023 India with the aim of port-led development and
promoting maritime economy in the country.
Employees’ State Insurance 17.88 lakh new employees were added to the
(ESI) Scheme Employees’ State Insurance
The Department of Expenditure, Ministry of Finance,
Special Assistance to States
Government of India, has granted approval for capital
for Capital Investment 2023-
investment proposals totaling Rs. 56,415 crore to 16
24’ scheme
States in the current financial year.
The Cabinet Committee on Economic Affairs, chaired by
Prime Minister Narendra Modi, has recently approved
PM-PRANAM scheme
several schemes aimed at promoting sustainable
agriculture and ensuring the well-being of farmers.
The Ministry of Environment, Forest and Climate Change
Green Credit Programme (MoEFCC) has recently notified the draft ‘Green Credit
Programme (GCP)’ implementation rules for 2023.
The Ministry of Finance has announced that the
Liberalised Remittance implementation of a new Tax Collected at Source (TCS)
Scheme (LRS) rule, which includes a higher rate of 20% on overseas
remittances.

Schemes/ Apps of May


Name Ministry Year Purpose
Pradhan Mantri Bhartiya
Ministry of Chemicals & making quality generic medicines available at
Janaushadhi Pariyojana 2008
Fertilizers affordable prices to all
(PMBJP)
Ministry of Health and Family provide free access to health insurance coverage
Ayushman Bharat 2018
Welfare for low income earners in the country

162 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Name Ministry Year Purpose
To prepare strategy for intervention through
industry associations to sensitize, encourage and
National SC-ST Hub Scheme Ministry of MSME 2023
enable the SC/ST owned units for participation in
Public Procurement Process.
Ministry of Housing and Urban to develop smart cities across the country, making
Smart Cities Mission 2015
Affairs them citizen friendly and sustainable.
Faster Adoption and to encourage electric and hybrid vehicle purchase
Ministry of Heavy Industries 2015
Manufacturing of Electric by providing financial support
Khelo India Scheme Ministry of Youth Affairs & Sports 2018 To promote mass participation in sports
SAKSHAM (Stimulating
Advanced Knowledge for Online training for all health professionals
Union Health Ministry 2023
Sustainable Health nationwide.
Management)
Aims to empower mobile phone users by
Union Ministry for
Sanchar Saathi Portal 2023 providing essential services, such as tracking and
Communications
blocking lost mobile phones
Production Linked Incentive
covers laptops, tablets, all-in-one PCs, servers and
(PLI) Scheme for the IT hardware Union Cabinet 2023
ultra-small form factor devices.
segment
Ministry of Ayush and the
Integrative Health Scheme Ministry of Health & Family 2023 for the well-being of the public
Welfare
Union Ministry of Fisheries, Initiated the fifth phase of the Sagar Parikrama
Sagar Parikrama Yatra Phase-V 2022
Animal Husbandry & Dairying Yatra in Karanja, Raigad, Maharashtra.
Aims to promote the competitiveness of Indian
Advance Authorization Scheme Ministry of Commerce and products in the global market by providing duty
2004
(AAS) Industry exemptions on imported raw materials required
for the manufacture of export products
Initiative to screen and provide standard care to 75
’75/25′ initiative Union Health Ministry 2023 million individuals suffering from hypertension
and diabetes by 2025
With the aim of transforming waste into wealth,
“Meri LiFE, Mera Swachh Minister of Housing and Urban
2023 this nationwide campaign encourages cities to
Shehar” campaign Affairs
establish Reduce, Reuse, Recycle (RRR) Centres.
The government, in collaboration with the RBI,
has proposed a modification to the Foreign
Liberalised Remittance Scheme RBI 2023
Exchange Management (Current Account
Transaction) Rules.
NEP SAARTHI – Student
with the aim of involving students in the
Ambassador for Academic
University Grants Commission 2023 implementation of the National Education Policy
Reforms in Transforming Higher
(NEP) 2020.
Education in India
The workshop will take place at the Convention
National e-Vidhan Application Ministry of Parliamentary Affairs 2023
Hall, The Hotel Ashok, in New Delhi.
GRSE Accelerated Innovation The aim of this initiative is to identify and promote
Garden Reach Shipbuilders and
Nurturing Scheme – 2023 2023 innovative solutions for technological
Engineers
(GAINS 2023) advancements in shipbuilding by startups.
To further enhance the connectivity to remote
UDAN 5.1 Ministry of Civil Aviation 2023 areas of the country and achieve last mile
connectivity through helicopters.
Department of Science and The program aims to strengthen research and
Technology and the Ministry of innovation in the country by addressing major
IMPRINT India scheme 2023
Human Resource Development in engineering and technology challenges across ten
India crucial domains.

163 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Name Ministry Year Purpose
The fourth meeting of the National Level Steering
Atal Bhujal Yojana Ministry of Jal Shakti 2020 Committee (NLSC) of the Atal Bhujal Yojana was
held in New Delhi.
Telangana State has achieved a significant
Department of Financial Services milestone in financial inclusion by attaining 100%
Pradhan Mantri Jan Dhan Yojana 2014
Ministry of Finance coverage of the Pradhan Mantri Jan Dhan Yojana
(PMJDY)

Committees in News
Committees in News of August Committees in News of June

● Chief Justice of India, D.Y. Chandrachud has announced • The Indian government has established a commission of
inquiry, led by former Chief Justice of the Gauhati High
the formation of an all-women panel to help bring healing
Court, Ajai Lamba, to investigate the recent series of violent
and relief to the violence-stricken region in Manipur. The incidents in Manipur.
panel will consist of three former High Court judges, with • The Indian government, through the Department of Legal
Justice Gita Mittal as its head. The panel aims to provide Affairs, has taken a significant step towards improving the
healing touch to the situation in Manipur. arbitration process by forming an expert committee. Led by
former law secretary T K Vishwanathan, the committee
● The National Council of Educational Research and
aims to recommend reforms to the Arbitration and
Training (NCERT), India’s top advisory body for school Conciliation Act of 1996.
education, has taken a significant step towards textbook
revision. The council has formed a 19-member committee Committees in News of May
responsible for aligning school syllabi, textbooks, teaching • The Supreme Court-appointed Expert Committee recently
materials, and learning resources with the National made a significant announcement regarding the Adani-
Curriculum Framework (NCF). The committee’s mandate Hindenburg controversy. According to the committee, it is
covers Classes 3 to 12, and it also aims to ensure a seamless currently unable to determine whether SEBI’s handling of
the alleged securities law contravention by the Adani Group
transition from Classes 1 and 2 to subsequent grades.
or other companies constitutes “regulatory failure.”
• The Directorate General of Civil Aviation (DGCA) in India • National Tiger Conservation Authority (NTCA) has
has taken a proactive step towards promoting gender established an 11-member Cheetah Project Steering
equality within the nation’s aviation sector. On August 10, Committee under the Ministry of Environment, Forest and
Climate Change, and Rajesh Gopal, secretary general of
2023, the DGCA established a four-member committee
Global Tiger Forum, has been appointed as its chairman.
composed of senior officers to devise strategies and
• Renowned Indian business tycoon Mukesh Ambani,
recommendations aimed at achieving gender parity in the Chairman and CEO of Reliance Industries, has been
industry. The committee’s objective is to propose appointed to the Advisory Committee to the President of
actionable measures that the DGCA can implement to the Conference of the Parties (COP28) of the United
Nations Framework Convention on Climate Change
foster gender equality in the aviation sector.
(UNFCCC).

Institutes/ Bodies/ Acts in news


Institutes/ Bodies/ Acts in News of May
• AFSPA, which stands for the Armed Forces (Special Powers) Act, is a controversial legislation in India that grants special powers
and immunity to the armed forces deployed in “disturbed areas.” It was enacted by the Indian Parliament in 1958 to combat
separatist movements and insurgencies in certain regions of the country.

164 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Important Days
Important Days of October
Date Day & Theme
● Gandhi Jayanti | Theme: “Ek Tareekh Ek Ghanta Ek Saath
October 2nd
● Birth anniversary Lal Bahadur Shastri
October 3 World Nature Day
October 4 to 10 World Space Week (WSW)
October 4 World Animal Welfare Day | Theme: Great or Small, Love Them All
October 5th World Teachers’ Day
October 2 to October 8 69th Wildlife Week | Theme: Partnerships for Wildlife Conservation
October 7 World Cotton Day
● World Post Day | Theme: Together for Trust: Collaborating for a safe and connected future
October 9th
● Indian Foreign Service (IFS) Day
● National Current Good Manufacturing Practice Day
10th October
● World Mental Health Day | Theme: Mental health is a universal human right
October 11 International Day of the Girl | Theme: Invest in Girls’ Rights: Our Leadership, Our Well-being
12th October World Sight Day | Theme: Love Your Eyes at Work
13th October International Day for Disaster Risk Reduction | Theme: Fighting inequality for a resilient future
October 14 World Migratory Bird Day (WMBD) 2023 | Theme: Water: Sustaining Bird Life

Important Days of September


Date Day & Theme
1st to 7th September National Nutrition Week
September 2 World Coconut Day
● International Day of Charity
September 5
● 26th death anniversary of Mother Teresa
● International Day of Police Cooperation
September 7
● International Day of Clean Air for blue skies
1st September to 8th
Literacy week
September 2023
● International Literacy Day
September 8
● World Physiotherapy Day 2023 | Theme: “Prevention and Management of Osteoarthritis”
● International Day to Protect Education from Attack
September 9
● World EV Day
September 10 World Suicide Prevention Day | Theme: “Creating Hope Through Action”.
September 11 ● National Forest Martyrs Day |
September 12 ● United Nations’ Day for South-South Cooperation
September 14th ● Hindi Diwas
● National Engineers’ Day | Theme: Engineering for a Sustainable Future
September 15th ● International Day of Democracy | Theme: Empowering the next generation
● World Lymphoma Awareness Day
September 16 International Red Panda Day, Third Saturday in September
● International Equal Pay Day
18 September
● World Bamboo Day
September 18 to 24 International Week of the Deaf

165 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Date Day & Theme
● International Day of Peace | Theme: Actions for Peace: Our Ambition for the #GlobalGoals
21 September
● World Alzheimer’s Day | Theme: Never Too Early, Never Too Late
September 22nd World Rose Day
September 23rd International Day of Sign Languages
Fourth Sunday in September
World Rivers Day
(September 24)
● World Pharmacists Day | Theme: Pharmacy Strengthening Health Systems
25th September
● Antyodaya Diwas
● International Day for the Total Elimination of Nuclear Weapons
26 September ● World Environmental Health Day | Theme: “Global Environmental Public Health: Standing up
to protect everyone’s Health each and every day”
27 September World Tourism Day 2023 | Theme: “Tourism and green investment”
● International Day for Universal Access to Information
28 September ● World Maritime Day
● World Rabies Day
● World Heart Day | Theme “Use Heart, Know Heart”
29 September ● International Day of Awareness on Food Loss and Waste Reduction | Theme: Reducing food
loss and waste: Taking Action to Transform Food Systems
30 September International Translation Day

Important Days of August


Date Day & Theme
● National Mountain Climbing Day
● August 1 while it concludes on August 7.
● World Breastfeeding Week | Theme: “Let’s make breastfeeding and work, work!”
August 1st
● Muslim Women’s Rights Day
● World Lung Cancer Day
● World Wide Web Day
● National Javelin Day
August 7th ● National Handloom Day
● Death anniversary of Nobel laureate Rabindranath Tagore
● International Day of the World’s Indigenous People | Theme: Indigenous Youth as Agents of Change for
Self-determination.
August 9
● Nagasaki Day
● World Tribal Day
● World Lion Day
August 10th
● World Biofuel Day
August 11th World Steelpan Day
● World Elephant Day
August 12
● International Youth Day
● International Left-Handers Day | Theme: Left-Handers in Sports
August 13th ● World Organ Donation Day 2023 | Theme: “Step up to volunteer; need more organ donors to fill the
lacunae”.
14 August Partition Horrors Remembrance Day
● Death Anniversary Former Prime Minister Atal Bihari Vajpayee
16th August
● The Parsi New Year, also referred to as Navroz or Nowruz
● World Humanitarian Day
August 19
● World Photography Day

166 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Date Day & Theme
August 20 World Mosquito Day
● International Day of Remembrance and Tribute to the Victims of Terrorism
August 21
● World Senior Citizen Day
August 22nd International Day Commemorating the Victims of Acts of Violence Based on Religion or Belief
August 20 to 24 World Water Week
International Day for the Remembrance of the Slave Trade and its Abolition | Theme: Fighting slavery’s
August 23
legacy of racism through transformative education
● Women’s Equality Day
August 26
● International Dog Day
● National Sports Day
29 August
● International Day Against Nuclear Tests
● International Day of the Victims of Enforced Disappearances
August 30 ● National Small Industry Day
● International Whale Shark Day
● International Day for People of African Origin
August 31
● World Sanskrit Day

Important Days of July


Date Day & Theme
July 1st or First
The International Day of Cooperatives | Theme: Cooperatives for Sustainable Development
Saturday of July
● World Sports Journalist Day
July 2nd
● World UFO Day
● International Plastic Bag Free Day
July 3rd
● Dharma Chakra Divas
July 6th World Zoonoses Day
7th July World Kiswahili Language Day
July 10th National Fish Farmer’s Day
World Population Day | Theme: Unleashing the power of gender equality: Uplifting the voices of women
July 11th
and girls to unlock our world’s infinite possibilities
● International Day of Combating Sand and Dust Storms
● International Malala Day | I Am Malala
July 12
● World Paper Bag Day
● National Bank for Agriculture and Rural Development | NABARD: 42 Years of Rural Transformation
July 15th World Youth Skills Day| Theme: Skilling teachers, trainers and youth for a transformative future
● Indian Council of Agricultural Research (ICAR) commemorated its 95th Foundation and Technology
July 16th Day
● World Snake Day
17 July Day of International Criminal Justice
July 18 Nelson Mandela day
● International Moon Day
20th July
● World Chess Day
● Pi Approximation Day
July 22 ● International Brain Day | Theme: Brain Health and Disability: Leave No One Behind
● National Mango Day
July 23rd National Broadcasting Day
July 24 Income Tax Day or ‘Aaykar Diwas’

167 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Date Day & Theme
July 25 World Drowning Prevention Day
July 26th Kargil Vijay Diwas
● World Hepatitis Day | Theme:‘one life, one liver’
July 28th
● World Nature Conservation Day | Theme: “Forests and Livelihoods: Sustaining People and Planet”.
July 29th International Tiger Day
July 30th ● International Friendship Day
World Day against Trafficking in Persons | theme, “Reach every victim of trafficking, leave no one
July 30th
behind,”

Important Days of June


Date Day & Theme
● The Global Day of Parents
June 1st ● World Milk Day | Theme: “Showcasing how dairy is reducing its environmental footprint, while also providing
nutritious foods and livelihoods.”
June 3rd World Bicycle Day | Theme: Riding Together for a Sustainable Future
June 4 International Day of Innocent Children Victims of Aggression
● World Environment Day | “solutions to plastic pollution”.
June 5
● International Day for the Fight against Illegal, Unreported and Unregulated Fishing
June 6 UN Russian Language Day
June 7 World Food Safety day | Theme: “Food standards save lives.”
June 8th World Oceans Day | Theme: “Planet Ocean: The Tides are Changing.”
June 9th World Accreditation Day | Theme: Accreditation: Supporting the Future of Global Trade
June 12th World Day Against Child Labour | “Social Justice for All. End Child Labour!”
13th June International Albinism Awareness Day | theme, “Inclusion is Strength,”
June 14 World Blood Donor Day. | “Give blood, give plasma, share life, share often.”
World Elder Abuse Awareness Day (WEAAD) | “Closing the Circle: Addressing Gender-Based Violence (GBV) in
June 15th
Older Age Policy, Law, and Evidence-based Responses.”
June 15th Global Wind Day, also known as World Wind Day
The International Day of Family Remittances (IDFR) is a
16 June
| Theme “Digital remittances towards financial inclusion and cost reduction.”
June 17th The World Day to Combat Desertification and Drought . | “Her land. Her rights”.
International Day for Countering Hate Speech
June 18
Sustainable Gastronomy Day | Theme: Local Flavours, Preserving Global Heritage
● International Day for the Elimination of Sexual Violence in Conflict Theme: Bridging the gender digital divide
to prevent, address and respond to conflict-related sexual violence
June 19
● National Reading day
● World Sickle Cell Awareness Day
June 20th World Refugee Day | Theme: Hope away from home
● World Music Day
June 21st ● International Day of Celebration for the Solstice
● World Hydrography Day
United Nations Public Service Day
June 23
International Widows Day| Theme: Innovation and Technology for Gender Equality
June 23 World Olympic Day or International Olympic Day | Theme: Let’s Move’
International Day of Women in Diplomacy | Theme: Breaking Barriers, Shaping the Future: Women in Diplomacy
June 24
for Sustainable Development

168 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Date Day & Theme
June 25 Day of the Seafarer | Theme: MARPOL at 50 – Our commitment goes on
● International Day against Drug Abuse and Illicit Trafficking | Theme: People first: Stop stigma and
June 26th discrimination, strengthen prevention
● UN International Day in Support of Victims of Torture
June 27th International Micro, Small, and Medium Enterprises (MSME) Day or World MSME Day
June 28th National Insurance Awareness Day
● National Statistics Day| Theme: Alignment of State Indicator Framework with National Indicator Framework
June 29th for Monitoring Sustainable Development Goals
● International Day of the Tropics
● International Asteroid Day
June 30th
● International Day of Parliamentarism| Theme: Parliaments for the Planet

Important Days of May


Date Day & Theme
• Labour Day
May 1 • Maharashtra Day
• Gujarat Day
• World Tuna Day
May 2
• World Asthma Day (first Tuesday of May)
May 3 World Press Freedom Day
• Coal Miners Day
May 4
• International Firefighters Day
May 5 World Portuguese Language Day
May 7 World Athletics Day & Athletics for All - A New Beginning
• World Thalassaemia Day & Strengthening Education to Bridge the Thalassaemia Care Gap
May 8
• World Red Cross and Red Crescent Day & "Everything we do comes from the heart."
May 10 International Day of Argania or International Day of the Argan Tree
May 11 National Technology Day & ‘School to Startups- Igniting Young Minds to Innovate’
• International Day of Plant Health (IDPH)
May 12
• International Nurses Day & ‘Our Nurses. Our Future.’
May 13 World Migratory Bird Day ( held twice a year on the second Saturday of May and October)
15-21 May UN Global Road Safety Week | Theme: sustainable transport
May 15 International Day of Families | Theme: Demographic Trends and Families’
• International Day of Living Together in Peace
May 16 • The International Day of Light
• National Dengue Day
• World Telecommunication Day | Theme: “Enabling the least developed nations through information and
May 17 communication technologies.”
• World Hypertension Day 2023 | Theme: ‘Measure Your Blood Pressure Accurately, Control It, Live Longer.’
International Museum Day | Theme: “Museums, Sustainability, and Well-being.”
May 18 Global Accessibility Awareness Day
World AIDS Vaccine Day
• World Bee Day | Theme: Engaging in Pollinator-Friendly Agricultural Production.
May 20th
• Metrology Day | Theme: Measurements supporting the global food system
• International Tea Day
May 21st
• World Day for Cultural Diversity for Dialogue and Development

169 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Date Day & Theme
May 22 International Day for Biological Diversity |Theme: From Agreement to Action: Build Back Biodiversity
• International Day to End Obstetric Fistula
May 23
• World Turtle Day
May 24 Indian Commonwealth Day | Theme: Forging a Sustainable and Peaceful Common Future
May 25 to 31 International Week of Solidarity with the Peoples of Non-Self-Governing Territories
May 25 World Thyroid Awareness Day
May 27 59th death anniversary of Jawaharlal Nehru
May 29th International Day of UN Peacekeepers | Theme: Peace begins with me
May 30th World Vape Day
May 31 World No Tobacco Day | Theme: We need food, not tobacco

Obituaries (National/International)
Obituaries (National/International) of October ● British filmmaker Terence Davies, known for his thought-
provoking and introspective films, has sadly passed away at
● Veteran CPI(M) leader and former legislator the age of 77 at home after a short illness. He is recognized
Anathalavattom Anandan, who played a key role in for his internationally acclaimed films, including ‘Distant
building the trade union base for the party in the state, Voices, Still Lives’ and ‘The Long Day Closes’.
● Chef Michael Chiarello, a culinary expert known for his
passed away at a hospital on Thursday. He was 86 years old.
extraordinary talent and passion for food, passed away at
Anandan’s demise occurred while he was undergoing
Queen of the Valley Medical Center in Napa, California. He
treatment at the Government Medical College hospital in succumbed to an acute allergic reaction that led to
Kerala for a prolonged illness. anaphylactic shock, as announced by his company Gruppo
Chiarello in a statement.

Obituaries (National/International) of September


Profession
S.NO. Person Died
/ Famous In?
Politician (National-International)
Giorgio
Former Italian President
Napolitano
'Singer/Musician (National-International)
Noted Hindustani classical vocalist Malini Rajurkar
Ustad Ali Zaki
Noted Rudra veena exponent
Hader
Actor/Director/Producer (National-International)
Renowned writer-filmmaker Gita Mehta
Renowned actor Akhil Mishra
Veteran filmmaker K G George
British actor David McCallum
Dumbledore in the Harry Potter film series Michael Gambon
Author/Journalist/Activist/Painter (National-International)
Renowned political cartoonist Ajit Ninan
Sportsmen/Sportswomen (National-International)
Former international umpire Piloo Reporter
Zimbabwe’s former cricket captain Heath Streak

170 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Profession
S.NO. Person Died
/ Famous In?
Others (National-International)
Indian Space Research Organisation (ISRO) scientist, who lent her voice to
N Valarmathi
countdowns for rocket launches in Sriharikota
Director of the Special Protection Group Arun Kumar Sinha
M.S.
Father of India’s ‘Green Revolution,’
Swaminathan
Co-founder & non-executive director of Asian Paints Ashwin Dani

Obituaries (National/International) of August


S.NO. Person Died Profession / Famous In?
'Singer/Musician (National-International)
Renowned folk singer and activist Gaddar
Actor/Director/Producer (National-International)
Renowned Malayalam director and screenwriter Siddique Ismail
Veteran actor Seema Deo
Author/Journalist/Activist/Painter (National-International)
Noted Marathi poet and lyricist Namdeo Dhondo Mahanor
Oscar-winning American director of films William Friedkin
British chat show host Michael Parkinson
India’s best known English poets Jayanta Mahapatra
Sportsmen/Sportswomen (National-International)
Former India captain and legendary footballer Mohammed Habib
Others (National-International)
Padma Bhushan awardee and IAS officer of the Gujarat cadre N Vittal
Renowned nuclear physicist Bikash Sinha
Padma Shri awardee and former President of Jawaharlal Nehru Centre Prof. M.R. Satyanarayana
for Advanced Scientific Research Rao
Former Defence Research and Development Organisation (DRDO)
V S Arunachalam
Chief
Consumer rights activist and former vice-principal of Cotton
Deven Dutta
University
Adobe co-founder Dr. John Warnock
Mathematicians and Statisticians of India C Radhakrishna Rao
Windham Rotunda or Bray
American professional wrestler
Wyatt

Obituaries (National/International) of July


S.NO. Person Died Profession/Famous In?
Politician (National-International)
Former Chief Minister of Kerala Oommen Chandy
Actor/Director/Producer (National-International)
Veteran US actor Alan Arkin
Marathi actor Ravindra Mahajani

171 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
S.NO. Person Died Profession/Famous In?
Author/Journalist/Activist/Painter (National-International)
Renowned artist of painting and sculpture Namboothiri
Veteran Marathi writer and columnist Shirish Kanekar
Sportsmen/Sportswomen (National-International)
Renowned basketball player and coach Nikki McCray-Penson
Former Australia and New South Wales wicketkeeper Brian Taber
Others (National-International)
Eminent mathematician Dr Mangala Narlikar
Most wanted computer hackers in the world Kevin Mitnick

Obituaries (National/International) of June


S.NO. Person Died Profession/Famous In?
Politician (National-International)
1. Silvio Berlusconi Served as Italian prime minister multiple times between 1994 and 2011, has died. He was 86
2. Hardwar Dubey BJP senior leader and Rajya Sabha member from Uttar Pradesh
Actor/Director/Producer (National-International)
3. Kollam Sudhi Cine artiste and television personality
4. Aamir Raza Husain Theater actor and director
5. S. Rama Rao Renowned Tollywood choreographer
Author/Journalist/Activist/Painter (National-International)
6. Ama Ata Aidoo Ghanaian writer
Pulitzer Prize-winning author of such acclaimed novels as “The Road” and “No Country for Old
7. Cormac McCarthy
Men,”
Others (National-International)
8. Ved Kumari Ghai Sanskrit scholar
9. Alby D’Cruz Kerala’s proud Defence personnel
10. Daniel Ellsberg Freedom Fighter
John Bannister
11. Renowned American scientist
Goodenough

Obituaries (National/International) of May


S.NO. Person Died Profession/Famous In?
'Singer/Musician (National-International)
1 Tina Turner Queen of Rock’n’Roll
Actor/Director/Producer (National-International)
2 Sarath Babu Veteran actor
Author/Journalist/Activist/Painter (National-International)
3 Arun Gandhi Activist
Sportsmen/Sportswomen (National-International)
4 Antonio Carbajal Footballer
5 A.R. Khaleel Footballer
Others (National-International)
6 N. Gopalakrishnan Scientist
7 Srichand Parmanand Hinduja chairman of Hinduja Group
8 Karumuttu T Kannan Chairman & Managing Director of Thiagarajar Mills Ltd

172 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
Miscellaneous Current Affairs | One-Liners
Miscellaneous Currdent Affairs | One-Liners of ● In a significant development for sustainable infrastructure
and environmental responsibility, Tabreed, an Abu Dhabi-
October
based cooling-as-a-service provider, has unveiled plans for
● On October 2nd, Google Doodle pays tribute to the a massive $200 million investment. This investment is
Appalachian Trail, the longest hiking-only footpath in the directed towards the development of a cutting-edge
world. This iconic trail has captivated the hearts of cooling infrastructure with a capacity of 125,000
adventurers, nature enthusiasts, and explorers for nearly a refrigeration tons (RT) for Hyderabad Pharma City, a
century. burgeoning hub for the pharmaceutical industry in India.
● Basohli Pashmina, an age-old traditional craft originating ● Salem district in the state of Tamil Nadu has gained
from the picturesque district of Kathua in Jammu and acclaim for its sago production, which is widely recognized
Kashmir, has recently earned the prestigious Geographical as Sabudana. Salem Sago, locally known as Javvarisi, is
Indication (GI) tag. This recognition not only celebrates the derived from the wet starch powder extracted from tapioca
exceptional craftsmanship of the artisans but also protects roots. Indian tapioca roots are known to contain
approximately 30-35% starch content.
the authenticity and uniqueness of this artisanal heritage.
● A coalition of 56 organizations in Tripura, under the banner
● Breast Cancer Awareness Month is observed throughout
of ‘Roman Script For Kokborok Choba,’ has taken to the
the entire month of October each year. During this time,
streets to demand the adoption of the Roman script for the
individuals, healthcare organizations, and nonprofits
Kokborok language. This move comes as a culmination of
collaborate to raise awareness and promote breast cancer
decades of efforts by the indigenous community in the state
prevention and treatment. to preserve and promote their native language.
● The Neev Literature Festival 2023 is scheduled to take ● In a significant development, Jammu and Kashmir’s
place on October 7th and 8th, 2023, at the Neev Academy Lieutenant Governor, Manoj Sinha, inaugurated the much-
in Yemalur, Bengaluru. This year, the theme of the event is anticipated Bangus Valley Festival in the picturesque
‘What is childhood without stories?’. Kupwara district. The festival’s primary objective is to shed
● Union Minister Shri Anurag Thakur has launched the trailer light on the untapped rural and adventure tourism
of “Krish, Trish, and Baltiboy – Bharat Hain Hum”, an opportunities within the Bangus Valley.
animated series consisting of two seasons, produced by ● India’s southern state of Kerala has once again found itself
Central Bureau of Communication, Ministry of grappling with the ominous threat of the Nipah virus, a rare
Information and Broadcasting and Graphiti Studios. The and deadly brain-damaging viral disease. In response to the
series consists of 52 episodes, 11 minutes each, featuring deaths of two individuals from this infection, the state
stories from Indian Freedom struggle from 1500s to 1947. government has taken swift action by shutting down
The series is hosted by the iconic animated characters schools and offices and declaring containment zones in
Krish, Trish and Balti boy. The series has been created by certain areas.
the creator duo of Munjal Shroff and Tilakraj Shetty from ● The Food Safety and Standards Authority of India
Graphiti Studios. (FSSAI) has recently recognized the mithun as a ‘food
● RITES Ltd, a prominent Central Public Sector Enterprise animal,’ opening doors for its commercial use. The
(CPSE) under the Ministry of Railways, has achieved the recognition of Mithun as a ‘food animal’ and the efforts to
prestigious ‘Navratna’ status, becoming the 16th CPSE in promote its meat as a commercial product can indeed have
significant economic and cultural implications for the
India to be granted this distinction. This article explores why
region.
RITES Ltd earned this coveted status and the potential
● A cluster of traditional, picturesque villages on Mount
benefits it offers.
Pindos in Epirus, known as the Zagorochoria (or villages of
Zagori), was recently inducted onto UNESCO’s World
Miscellaneous Current Affairs | One-Liners of Heritage List. This momentous decision was made during
September the 45th session of the World Heritage Committee in
Riyadh, Saudi Arabia, marking a significant milestone in
● In a significant development for the region, Bhaderwah Greece‘s cultural heritage preservation efforts.
Rajmash and Sulai honey, both hailing from the ● Google, the search engine giant, is commemorating its
picturesque districts of Doda and Ramban in Jammu and 25th birthday with a special Google Doodle. While the
Kashmir, have been granted coveted Geographical company always focuses on the future, milestones like
Indication (GI) tags. These tags serve as a testament to the birthdays offer a chance for reflection. In this article, we
unique qualities and characteristics of these local delve into the origins of Google, its evolution, and its
specialties and open up doors for their promotion and enduring mission to organize the world’s information for
recognition on an international scale. universal accessibility and utility.

173 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● SP Singh, the principal of the UPSRTC Model Driving ● In a significant recognition of local craftsmanship and
Training and Research Institute, has earned a remarkable agricultural heritage, the Geographical Indication (GI)
distinction by securing a place in the prestigious India Book Tags have been bestowed upon Rajouri Chikri Wood Craft
of Records. This recognition is a testament to his from Rajouri district and the prized Mushqbudji Rice
exceptional contributions, particularly through his variety from Anantnag district. These labels signify the
innovative ‘Jhaadu Daan’ (broom donation) initiative, unique nature and exceptional qualities of these products,
which aligns with the nationwide Swachh Bharat tracing their origins to specific regions. This achievement is
Campaign. Singh’s commitment to promoting cleanliness
a result of a collaborative effort involving NABARD, the
and hygiene has made a substantial impact on various
Department of Handicrafts & Handloom, and the
districts, fostering a cleaner environment and empowering
communities. Department of Agriculture, commencing in December
● A dedicated team of international geologists and 2020.
seismologists has embarked on a mission to chart the ● Central Railway’s New Amravati station has engraved its
depths of Zealandia, a relatively unknown landmass place in history as the first station in Bhusaval Division and
submerged beneath the Pacific Ocean. Their efforts have the third station within the Central Railway to be
resulted in the creation of an updated and highly detailed designated a “Pink Station” – a station that is wholly
map that sheds light on the continent’s intriguing managed by women staff.
geological features. Zealandia, often referred to as the ● Prime Minister Narendra Modi, in his speech in the
eighth continent, remains shrouded in oceanic mystery, Parliament during the No Confidence debate on August 10,
with a staggering 94% of its expanse concealed beneath the mentioned the island of Katchatheevu. Hitting out at Rahul
sea’s surface. The remaining 6% peeks above the waves, Gandhi for his now expunged Bharat Mata remarks, PM
encompassing islands such as New Zealand and its Modi said it was the Indira Gandhi government which gave
neighboring isles. away Katchatheevu to Sri Lanka in 1974.
● India’s southern state of Kerala has once again found itself ● In a significant stride towards showcasing the rich heritage
grappling with the ominous threat of the Nipah virus, a rare of Indian craftsmanship and fostering self-reliance, the
and deadly brain-damaging viral disease. In response to the One District One Product (ODOP) program has joined
deaths of two individuals from this infection, the state hands with the Deendayal Antyodaya Yojana – National
government has taken swift action by shutting down Rural Livelihoods Mission (DAY-NRLM) to launch the
schools and offices and declaring containment zones in captivating and innovative ‘ODOP Wall‘.
certain areas. ● In a momentous celebration, the CSIR-National Botanical
Research Institute (CSIR-NBRI) launched an extraordinary
Miscellaneous Current Affairs | One-Liners of variety of the national flower, Lotus, named ‘Namoh 108‘.
August This unique flower boasts an astonishing 108 petals and
● A female cheetah named Dhatri (Tbilisi) has recently was dedicated to the nation on the eve of Independence
passed away at Kuno National Park in Madhya Pradesh. This Day, underscoring its significance in the cultural and
brings the total number of deaths to nine, including six adult religious tapestry of India.
cheetahs relocated from Namibia and South Africa, along ● Typhoon Lan made landfall in Japan, August 15, bringing
with three cubs born in India, all since March this year. heavy rain and strong winds. The typhoon has caused
Currently, a post-mortem examination is underway to flooding and power outages in several areas, and
determine the cause of death. authorities have issued evacuation warnings for some
● The Assam State Zoo recently recorded the breeding of a residents. The typhoon made landfall near Shionomisaki in
Himalayan Vulture in captivity for the first time in India. Wakayama prefecture, about 400 kilometers southwest of
Details of the successful breeding were recently published Tokyo. It had maximum sustained winds of 160 kilometers
in a paper titled ‘Breeding of Himalayan Vulture Gyps per hour (100 miles per hour), equivalent to a Category 2
himalayensis Hume, 1869 in the Assam State Zoo, hurricane.
Guwahati, Assam. The species categorised as ‘Near
● In a display of grandeur and deep religious devotion, the
Threatened’ with an estimated population of 66,000,
Jammu and Kashmir administration inaugurated the yearly
witnessed a significant moment of hope in their
Budha Amarnath Yatra across the rolling terrains of
conservation journey.
● According to a notification issued by the Union Ministry of Poonch district. The pilgrimage, spanning over a period of
Health and Family Welfare on July 31, 2023, the 10 days, is a journey of profound significance for devotees
production, sale, and distribution of ‘ketoprofen’ and seeking blessings from Lord Shiva.
‘aceclofenac’, along with their formulations, for animal use ● The first G20 film festival, organized by the Ministry of
is prohibited under section 26A of the Drugs and Cosmetics External Affairs and India International Centre,
Act, 1940 (23 of 40). The recommendation of this ban was commenced in Delhi with the screening of the renowned
made by the Drugs Technical Advisory Board (DTAB). drama film “Pather Panchali” by Satyajit Ray.

174 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● Nestled amidst the picturesque foothills of the Zabarwan Miscellaneous Current Affairs | One-Liners of July
range, the Indira Gandhi Memorial Tulip Garden has
etched its name in the annals of the World Book of Records ● The full moon in July 2023 will be called the Buck Moon. It
as Asia’s largest and most spectacular park of its kind. The is also known as the Thunder Moon, Berry Moon, Salmon
garden, adorned with a enchanting variety of 1.5 million Moon, Feather Moulting Moon, and Raspberry Moon. The
blooming flowers, stands as a living testament to the name Buck Moon comes from the fact that the antlers of
beauty and diversity of nature. male deer are in full growth at this time of year.
● The Matti banana variety native to Kanniyakumari district ● Dalai Lama, the revered Tibetan spiritual leader, marked
has been granted a Geographical Indication (GI) tag. These his 88th birthday with a joyous celebration at his
bananas thrive uniquely in the district’s climate and soil, headquarters in Dharamsala, India.
resulting in a larger-than-human finger-sized fruit with a
● India’s G-20 Presidency recently achieved a remarkable feet
sweet aroma and honey-like taste.
by setting a new Guinness World record. The record-
● In a remarkable feat that’s reverberating through steel
circles, the Nagarnar Steel Plant has achieved an breaking involved the largest display of Lambani items,
unprecedented milestone. A mere 9 days after commencing showcasing the rich heritage of India.
hot metal production, the plant has successfully rolled out ● In a significant milestone for the AI industry, Odisha TV, an
its inaugural Hot Rolled (HR) Coil. This achievement by Odia-based news station, has unveiled “Lisa,” India’s first
NMDC, a mining major stepping into steel production, is regional AI news anchor.
indeed astonishing and underscores the plant’s ● Microsoft researchers have achieved a significant
technological prowess. milestone in the field of quantum computing by making
● Zika virus, initially identified in Uganda in 1947, is primarily progress in the creation of Majorana zero modes. These
transmitted by Aedes mosquitoes, which are active during particles, which are their own antiparticles, possess
the day. While many infections are asymptomatic, those remarkable properties that could revolutionize the field of
who show symptoms typically experience rash, fever, quantum computing. This breakthrough has garnered
conjunctivitis, muscle and joint pain, malaise, and headache attention due to the potential impact it could have on the
for around 2-7 days.
development of more robust and powerful quantum
● Chokuwa rice, fondly known as “Magic rice,” has recently
computers.
been bestowed with the prestigious Geographical
Indication (GI) tag, a recognition of its exceptional ● Protection of Plant Varieties and Farmers’ Right
attributes and heritage. This remarkable rice variety is Authority (PPVFRA) provides an effective system for the
deeply intertwined with the culinary legacy of Assam and protection of plant varieties, the rights of farmers and plant
has a rich historical connection with the powerful Ahom breeders and to encourage the development of new
dynasty. varieties of plants.
● In an exciting announcement, Julia Eric Morely, the CEO of ● Recently, the Tamil Nadu Forest Department has
Miss World, held a press conference in the picturesque intensified its efforts to curb poaching in the Mukurthi
region of Kashmir, India. The occasion marked the National Park (MNP) and its surrounding areas in the
anticipation and preparation for the 71st edition of the Nilgiris district in an effort to safeguard the park’s wildlife.
prestigious Miss World beauty pageant, which is ● Recently, a rare disease called Brucellosis, caused by
scheduled to be hosted in India. Morely’s words echoed the bacteria capable of infecting both animals and humans,
sentiment of excitement and emotion surrounding the afflicted a young girl hailing from Kerala.
event, saying, “Truthfully, I am so happy. It is emotional
● Delhi’s Indira Gandhi International Airport (IGIA) achieved a
for us, to see such beauty.”
significant milestone as it became India’s first airport to
have four runways. The civil aviation minister, Jyotiraditya
Scindia, inaugurated the airport’s fourth runway, increasing
its throughput capacity from approximately 1400-1500 air
traffic movements per day to almost 2000 air traffic
movements per day.
● Jammu-Kashmir launched a path breaking Mobile-Dost
App in sync with the vision of Apka-Mobila-Humara-Daftar,
an effective initiative for mobile based delivery of citizen-
centric services in the Union Territory.
● Google honours Asma Hamza, a prominent Sudanese
composer and oud player, with Doodle. On this day in 1997,
Hamza achieved a remarkable milestone by emerging as
one of the winners in the prestigious Laylat AlQadr AlKubra
music competition held in Sudan.

175 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● With an engaging slideshow on its homepage, Google ● The Batagaika crater, the world’s largest permafrost crater
Doodle honors the 204th birthday of Eunice Newton Foote, is expanding at an alarming rate in Russia’s Far East. Aerial
an American scientist and advocate for women’s rights. footage of the world’s largest permafrost crater, the
Foote, born in 1819 in Goshen, Connecticut, USA, achieved Batagaika crater has revealed its details. The crater has
a noteworthy milestone in climate science by being the first been seen in the far- eastern Siberian taiga (that is, boreal
to discover the greenhouse effect and its impact on the forest). It’s a rapidly growing 1 km (0.6 mile) pit.
Earth’s warming. ● The Boarder Road Organization is cutting a new road
● India and many other countries are facing outbreak of through which the devotees will soon be able to visit Mount
Kailash from Indian Territory.
Measles, the cases of which are increasing at a faster rate
● The yearly Machail Mata Yatra began as numerous
after the Covid-19. According the data of WHO, the
devotees gathered to pay their respects at the high-altitude
maximum number of cases of measles are seen in India
temple located in the Kishtwar district of Jammu and
which is about 73,536 and after that in Yemen and Pakistan. Kashmir. The yatra was initiated with a ceremonial
● In a historic move, S Phangnon Konyak, the lone Nagaland “Pratham Pooja” at the shrine, which is devoted to goddess
MP in the Upper House, has been nominated as one of the Durga, also known as ‘Kaali’ or ‘Chandi’.
vice chairpersons of the Rajya Sabha. This appointment ● Scientists from the Indian Institute of Science (IISc) and
comes as a recognition of BJP’s commitment to women Japan’s Niigata University have made a groundbreaking
empowerment. discovery by finding water droplets in rocks from the
● In Andhra Pradesh, a fascinating combination of prehistoric Himalayas. These water droplets are believed to be from
rock painting from Mesolithic period and exquisite artwork an ancient ocean that existed around 600 million years ago.
from the Kakatiya dynasty were found in the Rudragiri
hillock. Miscellaneous Current Affairs | One-Liners of June
● Christopher Nolan’s movie Oppenheimer hits theatres
● The National Council of Educational Research and
across the world. Oppenheimer film chronicles the story of
Training (NCERT) caused controversy when reports
the scientist Julius Robert Oppenheimer the “Father of the
surfaced claiming that it would remove chapters on
Atomic Bomb”. democracy, political parties, Darwin’s theory, and the
● Chief Minister Arvind Kejriwal unveiled Delhi’s first ‘water periodic table from their Class 10 CBSE science textbooks.
ATM’ aiming to offer water access in regions without piped ● The 1971 Liberation War Gallery was inaugurated at the
supply and reducing reliance on water tankers. These water Indian Cultural Centre of the High Commission of India in
ATM machines will grant underprivileged sections of the Dhaka, with the Home Minister of Bangladesh
city the same quality of RO(Reverse Osmosis) water that Asaduzzaman Khan serving as the Chief Guest.
has traditionally been available to more affluent segments ● Chhatrapati Shivaji, according to Prime Minister Narendra
of society. Modi, exemplified bravery, courage, and self-governance,
● The ‘Cannabis Research Project’ of CSIR-IIIM Jammu, serving as an inspiration to many. In his recent video
spearheaded by Prime Minister Narendra Modi, marks the message commemorating the 350th year of Shivaji
first-ever initiative of its kind in India. This groundbreaking Maharaj’s coronation ceremony, Modi lauded Shivaji’s
project is carried out in partnership with a Canadian firm coronation, which espoused the principles of Swaraj, and
‘IndusScan’ with the aim of harnessing the potential of emphasized his role in ending a centuries-long mindset of
cannabis, a substance known for its abuse potential, for the subservience among India’s people.
● Union Minister of Ports, Shipping and Waterways,
benefit of humanity, particularly for patients afflicted with
Sarbananda Sonowal has flagged off the maiden
neuropathies, cancer, and epilepsy.
International Cruise Vessel “MV Empress”, India’s first
● Ladakh, the Union Territory, has marked a momentous
international cruise vessel – from Chennai to Sri Lanka in
occasion with the establishment of its first-ever women
Chennai.
police station. This significant step is aimed at empowering ● AIIMS Nagpur, one of the premier medical institutions in
women and ensuring their safety within the region. The India, has achieved a significant milestone by obtaining the
inauguration of the police station in Kargil, overseen by prestigious accreditation from the National Board for
Additional Director General of Police S D Singh Jamwal, Hospitals (NABH).
demonstrates the commitment to addressing crimes ● Udhayanidhi Stalin, the Tamil Nadu Minister for Sports
against women. Development and Youth Welfare, honored a remarkable
● 27th July is celebrated as death anniversary of Missile Man climber, N Muthamizh Selvi, who achieved a significant feat
of India APJ Abdul Kalam. 27th July 2023 is celebrated as by becoming the first woman from Tamil Nadu to climb
8th death anniversary of APJ Abdul Kalam. Mount Everest.

176 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● A startup located in Kerala, known as Farmers Fresh Zone ● Surat, a city in Gujarat, India, witnessed a historic event on
(FarmersFZ), has been selected for the United Nations’ International Yoga Day as it broke the Guinness World
‘Accelerator Programme’ hosted by the UN’s Food and Record for the largest gathering of people participating in a
Agriculture Organisation (FAO), making the nation proud. yoga session at a single location.
● New research indicates that Homo naledi, an ancient ● Archaeologists in Siddipet district, Telangana, have made
human species with brains about one-third the size of a significant discovery in the form of a 1,000-year-old
modern humans, engaged in burial practices and created sculpture. This extraordinary find, a ‘dwarapala’ sculpture
engravings deep within a cave system in southern Africa representing Vijaya, the doorkeeper of Lord Vishnu,
around 300,000 years ago. These findings challenge the surpasses any previously reported findings in Telangana.
Measuring six feet above the ground and three feet below,
assumption that larger brains are directly linked to higher
with a thickness of 9 inches, the sculpture was carved out of
intelligence.
granite stone in relief.
● Cyclone Biparjoy is a low-pressure area that is currently
● Field Marshal Sam Manekshaw’s Death Anniversary 2023 is
forming over the Southeast Arabian Sea. It is expected to in the news, commemorating 15 years since his passing.
intensify into a depression in the next 48 hours and may Manekshaw, India’s first Field Marshal and celebrated
reach cyclonic storm intensity in the subsequent 72 hours. military general, was known for his leadership and strategic
● The Employees’ Provident Fund Organisation (EPFO) is brilliance. His notable achievements include leading the
set to upgrade its membership status with the Indian Army to victory in the 1971 Indo-Pak War, which
International Social Security Association (ISSA) from resulted in the creation of Bangladesh.
associate member to affiliate member. This will enable the ● The Hemis Festival in Ladakh is a renowned religious
EPFO to gain access to professional guidelines, expert celebration that attracts numerous tourists to the
knowledge, services, and support for its pension picturesque region of Leh. Dedicated to the birth
subscribers. anniversary of Lord Padmasambhava, the festival offers a
● The Food Safety and Standards Authority of India (FSSAI) mesmerizing experience of Tibetan Tantric Buddhism.
has awarded the Eat Right Station certification to ● The annual Amarnath Yatra 2023 commenced on Friday,
Guwahati Railway Station for its provision of high-quality June 30, as the Lieutenant Governor of Jammu and Kashmir,
and nutritious food to passengers. Manoj Sinha, flagged off the first group of pilgrims. With
● Prime Minister Narendra Modi has collaborated with Falu, over 3,400 devotees in the inaugural batch, the pilgrimage
an Indian-American Grammy Award-winning singer, for a to the cave shrine of Lord Shiva in the southern Himalayas
special song aimed at promoting the benefits of millet and of Kashmir started with enthusiasm and under strict
security arrangements.
its potential to address global hunger.
● A cyclone named Biparjoy made landfall in Gujarat, India on
June 15, 2023. The cyclone had maximum sustained winds Miscellaneous Current Affairs | One-Liners of May
of 167 kilometers per hour (103 miles per hour) and gusts up ● Arabian Travel Market 2023 begins in Dubai with Indian
to 200 kilometers per hour (124 miles per hour). tourism promotion.
● Prime Minister Narendra Modi has collaborated with Falu, ● AI pioneer Geoffrey Hinton warns of AI dangers.
an Indian-American Grammy Award-winning singer, for a ● India surpasses Saudi Arabia as the largest supplier of
special song aimed at promoting the benefits of millet and refined fuels to Europe, according to Kpler data, due to
its potential to address global hunger. Europe's reduced access to Russian oil.
● The Food Safety and Standards Authority of India (FSSAI) ● The UNESCO World Heritage Centre has recommended
has awarded the Eat Right Station certification to Santiniketan, the cultural site in West Bengal, India, for
Guwahati Railway Station for its provision of high-quality inclusion in the UNESCO World Heritage List.
and nutritious food to passengers. ● Bollywood star Ayushmann Khurrana has been chosen to
● The 146th Rath Yatra of Lord Jagannath commenced in inspire and support the Indian contingent participating in
the upcoming Special Olympics for individuals with
the city of Ahmedabad, Gujarat, with tight security
intellectual disabilities, set to take place in Berlin from June
measures in place. A large number of devotees gathered
16 to June 25.
along the 18-kilometer procession route to catch a glimpse
● A new report from the World Health Organization (WHO),
of the deity.
the United Nations Children’s Fund (UNICEF), and the
● The construction of the world’s largest temple, the Virat United Nations Population Fund (UNFPA) has highlighted
Ramayan temple, commenced on June 20 in Bihar’s east the challenges faced in reducing maternal deaths,
Champaran district. Led by Acharya Kishor Kunal, the stillbirths, and newborn deaths globally. The report shows
Chairman of Shree Mahavir Asthan Nyas Samiti, the temple that, in 2020-2021, there were a combined 4.5 million
is set to surpass the size of the under-construction Ram Lala deaths of this kind, with India leading a list of 10 countries
temple in Ayodhya. that account for 60% of the total.
177 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here
GA Power Capsule for IBPS PO Mains 2023
● WHO ends global health emergency for mpox after 10 ● Tipu Sultan’s fabled sword was found in the private
months. bedchamber as it has now broken all auction records for an
● India operationalizes Sittwe Port in Myanmar. Indian object for Bonhams in London by fetching over GBP
● The Lal Bahadur Shastri International (LBSI) Airport here 14 million at its Islamic and Indian Art sale this week.
has become the first in India to have a reading lounge.
● The first-ever Urban Climate Film Festival, which aspires to
● Cyclone Mocha hits Bangladesh after rapid intensification.
employ the powerful medium of film to enlighten audiences
● Bollywood star Deepika Padukone has been featured on the
latest cover of TIME magazine. about the environmental, social, and economic impacts of
● Tungnath, located in Rudraprayag, Uttarakhand, is not only climate change on urban settlements, is going to take place
one of the highest Shiva temples in the world but also the in New Town, Kolkata from 3rd to 5th June 2023.
highest among the five Panch Kedar temples. ● Veer Savarkar Jayanti is celebrated all over India to
● Pasang Dawa Sherpa, also known as Pa Dawa, successfully commemorate Vinayak Damodar “Veer” Savarkar on 28th
reached the summit of Mount Everest for the 26th time may. He is known as one of the Indian freedom fighters,
● Pune, India – In a groundbreaking development, MIT-World Savarkar is known for performing multiple activities for the
Peace University (WPU) has unveiled Asia’s first-ever development of the Hindu community across the country.
subsea research lab.
● The University of Edinburgh and the Indian consulate in the
● The initial batch of 10 start-up companies participating in
UK have collaborated to create the first open access course
the 50 start-ups exchange program between India and
Bangladesh. in Hindi language. This program named Climate Solutions
● According to government and industry sources, India is was created with the help of translators and developed in
planning to lodge a complaint with the World Trade conjunction with the Edinburgh Climate Change Institute
Organisation about the European Union‘s proposal to levy and the government of India.
tariffs ranging from 20% to 35% on high-carbon goods.
● Tropical Cyclone Fabien moved southeast of Diego Garcia.
● Nepali climber Kami Rita Sherpa reached the top of Mount
Everest for the 27th time.
● A 5,000-year-old tree in Chile has been officially recognized
as the world’s oldest.
● The honourable Prime Minister of India, Shri Narendra
Modi, was present at the unveiling ceremony of the bust of
Mahatma Gandhi in Hiroshima, Japan.
● The Ministry of Education and the World Bank held a unique
workshop on School-to-Work Transition under the STARS
Program.
● Hari Budha Magar, a former Gurkha soldier from Nepal who
lost both his legs, made history by successfully climbing
Mount Everest using prosthetic legs.

178 For any issue related to capsule, mail us at blogger@adda247.com | Download Adda247 App: Scan Here

You might also like