Current Affairs august-8th-2023


National News

1. Connecting Villages with Broadband:

The Union Cabinet's green light for the final phase of the BharatNet project is set to bridge the digital divide. This ambitious project, backed by a budget of Rs 1.39 lakh crore, aims to provide optical fiber-based broadband connectivity to 6.4 lakh villages in India. The Department of Telecommunications (DoT) is determined to fast-track this initiative within the next two and a half years. With 1.94 lakh villages already integrated into the BharatNet project, local entrepreneurs will play a pivotal role in maintaining the network, while Bharat Broadband Network Limited (BBNL) will ensure customer premise equipment and additional fiber for home connections.

 

International News

2. Emergence of New COVID Variant Eris:

The rapid spread of the Eris (EG.5.1) COVID variant in the UK has sparked global concern. Astonishingly, this variant is now linked to one out of every seven COVID-19 cases in the UK. The impact of Eris is not confined to the UK; it has also made its presence felt in Europe, Asia, and North America. Believed to stem from the Omicron lineage, vigilance and preventive measures are crucial in managing its global spread.

3. Dynastic Transition in Cambodia:

Cambodia's King, Norodom Sihamoni, has designated Hun Manet as the new Prime Minister, following Hun Sen's decision to step down and pass the baton to his eldest son. This transition comes after a landslide victory in July polls, a victory criticized for lack of competitiveness. Hun Manet's appointment holds implications for Cambodia's political landscape.

 

Banking News

4. Robust Q1 Performance of PSU Banks:

The first quarter of June 2023 has witnessed a remarkable surge in profits for public sector banks (PSBs). Their cumulative profit of over Rs 34,774 crore represents a substantial doubling of their previous earnings. The data released by these banks for the April-June period highlights significant growth, with Punjab National Bank showcasing a remarkable 307 percent profit increase compared to the previous year.

 

Business News

5. IndiaFirst's G.O.L.D. Plan:

IndiaFirst Life Insurance Company's innovative Guarantee of Life Dreams (G.O.L.D.) Plan promises enhanced financial security and steady income for policyholders. This non-linked and non-participating insurance plan offers long-term income solutions, with flexible premium payment terms of 6, 8, or 10 years. The G.O.L.D. Plan, spanning policy terms of 30 and 40 years, aligns with diverse financial preferences and aspirations.

 

Schemes News

6. All-Woman Panel to Oversee Manipur Relief:

Chief Justice of India, D.Y. Chandrachud, has announced the establishment of an all-women panel to facilitate relief efforts in the violence-affected region of Manipur. Comprising three former High Court judges, led by Justice Gita Mittal, the panel aims to bring healing and rehabilitation to the affected areas, addressing both immediate and long-term challenges.

7. Empowering Through Godhan Nyay Yojana:

Chhattisgarh's flagship Godhan Nyay Yojna (GNY) continues to make significant strides in supporting cattle rearers, women's self-help groups (SHGs), and 'gauthan' committees. This initiative, introduced in July 2020, has empowered SHG women and revitalized cattle rearing, garnering national recognition and inspiring similar initiatives across states.

 

Appointments News

8. Indian-Origin CFO for Tesla:

Indian-origin Vaibhav Taneja has taken the helm as Tesla's Chief Financial Officer, succeeding Zachary Kirkhorn. Taneja's appointment highlights his journey from a commerce graduate to a key figure in Tesla's financial leadership. His role encompasses strategic financial management and guiding Tesla's fiscal trajectory.

 

Important Days News

9. Celebrating Indigenous Youth's Impact:

The United Nations' International Day of the World's Indigenous People, observed annually on August 9th, acknowledges the contributions and achievements of Indigenous populations worldwide. This year's theme, "Indigenous Youth as Agents of Change for Self-determination," underscores the pivotal role young Indigenous individuals play in shaping global issues.

10. Reflecting on Nagasaki Day:

Every year on August 9th, Nagasaki Day commemorates the tragic events of World War II when an atomic bomb devastated the Japanese city of Nagasakih. Tis solemn day serves as a poignant reminder of the catastrophic consequences of nuclear weaponry, emphasizing the urgent need for global peace and disarmament.

11. The Legacy of Quit India Movement:

As we commemorate the 81st anniversary of the Quit India Movement, we honor the historical milestone that fueled India's struggle for independence. Initiated by the Indian National Congress on August 8th, 1942, under the leadership of Mahatma Gandhi, this movement embodies the spirit of resilience and determination.

 

Sports News

12. Indian Wrestlers Shine on Global Stage:

India's young wrestlers have made their mark at the 2023 World Cadet Wrestling Championships in Istanbul, Turkey. With a total of 11 medals, including a gold, India's performance demonstrates its prowess in the wrestling arena. Notably, India's women's freestyle team secured third place, showcasing their dedication and skill.

 

Science and Technology News

13. Avian Treasures of India:

The Zoological Survey of India (ZSI) sheds light on the remarkable avian diversity within the country. With a staggering 1,353 documented bird species, India proudly hosts 78 species, or 5%, that are exclusively endemic to its borders. This revelation underscores India's status as a hotspot for avian treasures and reinforces the need for their conservation.