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Current Affairs – August 10 2023
1. India Startup Festival 2023 begins in Bengaluru, hosting over 10,000 global startups
The theme of ISF 2023 is ‘Innovation at the Bottom of the Pyramid’, which will feature discussions on vital areas such as Rural Healthcare Education, Fintech, Rural Innovation, Agritech, and food tech.
The event will host more than 10,000 startups from India, the UK, and Japan, and about 500 investors are also expected to be present. Policymakers from across the country and around the world will address grassroots level issues and provide effective solutions.
It will present a chance for startup founders to establish connections with other entrepreneurs and investors.
2. Quad countries to conduct first Malabar naval exercise off Australia
India, Japan, the US, and Australia prepare to begin the first Malabar naval exercise off Australia.
The exercise will take place between August 11 and 22 and will witness the participation of the Quad navies (India, Australia, Japan, USA) in the mega-international event.
The 10-day exercise aims to deepen coordination between the countries amid China’s continuing aggressive moves in the Indo-Pacific.
During the press conference, Vice Admiral Karl Thomas, Commander of the U.S. Navy’s Seventh Fleet, said the deterrence that our four nations provide as we operate together as a Quad is a foundation for all the other nations operating in this region.
3. Narendra Modi’s Biography, Age, Full Name, Education Qualification, Family, Net Worth
Prime Minister Narendra Modi: The full name of PM Modi is Narendra Damodardas Modi (Narendra Modi).
Prime Minister Narendra Modi is an impactful Political figure and Current Prime minister of India has been India’s 14th and current prime minister since 2014.
From 2001 to 2014, Modi served as Gujarat’s chief minister. He is a Varanasi-born member of parliament. Let us know about the Date of Birth, Age, Salary, Address, Wife, Twitter, and other details of the current Prime Minister of India, Narendra Modi.
4. SBI Life’s Appointment of Amit Jhingran as MD & CEO Receives IRDAI Approval
The Insurance Regulatory and Development Authority of India (IRDAI) approved the appointment of Amit Jhingran as the new Managing Director and Chief Executive Officer for SBI Life Insurance Company Limited.
Amit Jhingran has over three decades of experience in the insurance sector and serves as the Assistant General Manager of the Hyderabad Circle.
He joined the company in 1991 as a probationary officer and has been with SBI Life since then. Amit Jhingran also held the post of CEO of SBI, Chicago.
5. Airtel Payments Bank Launched India’s 1st Eco-Friendly Debit Card
India’s first payment bank, Airtel Payment Bank also became the first Indian Bank to launch an eco-friendly debit card for its new and existing customers with a savings bank account.
The debit cards will be crafted from recycled- Poly Vinyl Chloride (r-PVC) material, a certified eco-friendly material, against normal PVC cards.
The introduction coincides with the Bank’s dedication to sustainability and its drive to advocate for environmentally conscious practices within the financial industry.
6. World Lion Day 2023 is observed on Aug 10
Every year on August 10th, people worldwide commemorate World Lion Day. This global observance aims to increase understanding about the conservation and safeguarding of lions.
It provides an opportunity to inform individuals about the difficulties these magnificent animals encounter across the globe and to endorse initiatives for their preservation.
Additionally, the day is a chance to honor these grandiose felines, recognizing their importance in ecosystems and various cultures globally.
7. World Biofuel Day 2023 Observed Globally On 10 August
World Biofuel Day is observed every year on 10th August to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels and to highlight the various efforts made by the Government in the biofuel sector.
This day also honors the research experiments by Sir Rudolf Diesel who ran an engine with peanut oil in the year 1893. His research experiment had predicted that vegetable oil is going to replace fossil fuels in the next century to fuel different mechanical engines.
The World Biofuel Day is being observed by the Ministry of Petroleum & Natural Gas since 2015.
8. NITIE to Become IIM Mumbai
The well-regarded National Institute of Industrial Engineering (NITIE) is set to rebrand and expand its horizons as it prepares to become the Indian Institute of Management (IIM) Mumbai.
This monumental change isn’t just in name alone but carries with it a transformation in its academic approach and offerings.
Historically, NITIE has catered exclusively to engineering graduates. This niche approach has garnered the institution significant prestige in its specialized domain.
However, with the upcoming academic year of 2024-’25, NITIE will usher in a new era as it begins admitting students from diverse educational backgrounds.
