Current Affairs – September 01 2023

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Current Affairs – September 01 2023

1. India Forms Committee To Explore Possibility Of ‘One Nation, One Election’: Report

On 1st September, the Indian government announced the formation of a committee led by former President of India, Ram Nath Kovind, to delve into the feasibility of ‘One Nation, One Election.’

This development follows the government’s announcement to hold a special parliamentary session from September 18th to 22nd, 2023, which has led to curiosity about the session’s purpose.

‘One Nation, One Election‘ is a concept aimed at synchronizing elections for the Lok Sabha (the lower house of India’s Parliament) and all state assemblies.

The central idea is to hold these elections simultaneously on a single day or within a specific time frame.

This proposal has garnered strong support from Prime Minister Narendra Modi, reflecting the government’s seriousness as a series of elections loom.

Notably, assembly polls in five states are scheduled for November or December this year, followed by the expected Lok Sabha elections in May and June 2024.

2. Bhaderwah Rajma & Ramban Sulai Honey Of Jammu And Kashmir Get GI Tag

In a significant development for the region, Bhaderwah Rajmash and Sulai honey, both hailing from the picturesque districts of Doda and Ramban in Jammu and Kashmir, have been granted coveted Geographical Indication (GI) tags.

These tags serve as a testament to the unique qualities and characteristics of these local specialties and open up doors for their promotion and recognition on an international scale.

3. India’s Largest Home-Built Nuclear Plant Starts Operations

In a significant development for India’s energy sector, Prime Minister Narendra Modi announced that the 700 MW nuclear power plant located in Kakrapar, Gujarat, has commenced its operations at maximum capacity.

This milestone marks a pivotal moment in India’s quest for energy self-sufficiency and underscores the nation’s commitment to harnessing indigenous nuclear technology.

The Kakrapar Atomic Power Project (KAPP) initiated its commercial operations on June 30, 2023, but initially operated at only 90 percent of its capacity. On August 31, 2023, the plant finally achieved its full operational potential.

4. Anand Mahindra welcomes MS Dhoni as Brand ambassador of Swaraj Tractors

Industrialist Anand Mahindra has welcomed Mahindra Singh Dhoni as the cricketer became a brand ambassador of his Swaraj Tractors. There have been times when Mahendra Singh Dhoni has expressed his passion for farming. And now, he has become a brand ambassador of Swaraj Tractors.

Dhoni’s rise from Ranchi to being one of the most well-known cricketers on the planet is the stuff of legends. He has one of the most inspiring journeys in sports history. He is the most successful Indian cricket team captain who has won the Cricket World Cup twice, in the ODI and the T20I formats.

5. Viacom 18 Secures BCCI TV and Digital Media Rights in a 5-Year Deal Worth Rs 5,963 Crore

Viacom 18, a Reliance-owned media outlet, has emerged victorious in the auction for media rights, encompassing both digital and TV broadcasting, of India’s domestic matches and BCCI-hosted domestic tournaments for the next five years.

The auction took place on August 31, 2023. This significant acquisition complements Viacom 18’s existing digital rights for the Indian Premier League (IPL) and the FIFA World Cup rights for India. Let’s delve deeper into the details.

6. Russia Launches Islamic Banking Pilot Program: Exploring Shariah-based Finance

Russia is set to embark on a historic journey by launching its first Islamic banking pilot program on September 1.

With a considerable Muslim population of approximately 25 million, the move aims to tap into the potential of Islamic finance, which has already had a presence through institutions but lacked official recognition.

President Vladimir Putin’s recent endorsement of the initiative signifies a significant step towards embracing Islamic banking principles in the country.

7. Jaya Verma Sinha 1st Woman Chairperson to Head the Railway Board

The government appointed Jaya Verma Sinha as the first woman Chairperson of the Railway Board, the top decision-making body for the Ministry of Railways. Ms. Sinha is the first ever woman to head the Board in its 118-year-old history.

The Railway Board came into effect in 1905. She will assume office on or after September 1, and before this she was the Member (Operations and Business Development). She was at the forefront while handling the aftermath of the tragic Balasore accident which killed 291 people. Her tenure will be till August 31, 2024.

8. 65th Ramon Magsaysay Awards 2023 Winners List

The Ramon Magsaysay Award, often called the ‘Nobel Prize of Asia’, is a notable accolade that represents exceptional spirit and influential leadership.

This year, in the ceremony’s 65th edition, four Asians were given the Ramon Magsaysay Award, joining the ranks of Sir Fazle Hasan Abed, Mother Teresa, Dalai Lama, Satyajit Ray, and many others.

They are Korvi Rakshand from Bangladesh, Eugenio Lemos from Timor-Leste, Miriam Coronel-Ferrer from the Philippines, and Dr Ravi Kannan R. from India. The award carries a certificate, a medallion bearing the likeness of the late President, and a cash prize of USD 50,000.

9. PNB Launches App To Enable MSMEs Access Instant Loans Using GST Invoices

Punjab National Bank (PNB) has become the first public sector bank to facilitate effortless credit availability for Micro, Small, and Medium Enterprises (MSMEs) via GST invoices. The bank has unveiled a dedicated mobile application for the GST Sahay scheme.

This innovative digital solution facilitates comprehensive lending procedures based on GST invoices, ensuring a seamless end-to-end process.

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