Current Affairs – August 16 2023

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Current Affairs – August 16 2023

1. Former India football captain Mohammed Habib passes away

Former India captain and legendary footballer Mohammed Habib passed away. He represented India in many international tournaments from 1965-76. He was considered by many experts as one of the best players the country has ever produced.

He was also a bronze medallist in the 1970 Asian Games in Bangkok led by his fellow Hyderabadi Syed Nayeemuddin and managed by the great P.K. Banerjee.

2. Viacom18 Completes Merger Of JioCinema and Voot OTT Platforms

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.

3. India’s first Solar Mission Aditya L1 to be launched soon

The Indian Space Research Organisation (ISRO) is launching its first solar mission, Aditya-L1, to study the Sun. The mission will be placed in a halo orbit around the Lagrange point 1 (L1), which is about 1.5 million kilometers from Earth.

From this vantage point, Aditya-L1 will be able to study the Sun’s atmosphere, magnetic fields, and space weather impacts.

Halo Orbit Placement: Aditya-L1 is designed to be positioned in a halo orbit around the L1 Lagrange point, ensuring a stable vantage point for continuous solar observations.

4. INS Kulish Participates In Celebration Of 77th Independence Day in Singapore

In a notable display of maritime cooperation, the guided missile corvette INS Kulish made its presence felt during Singapore’s 77th Independence Day festivities.

As part of its ongoing engagement in the multinational SEACAT 2023 exercise, the crew and officers of INS Kulish celebrated the occasion at the High Commission of India in Singapore.

INS Kulish’s Mission and Participation in SEACAT 2023

Currently embarked on a four-day tour, INS Kulish is participating in the multinational SEACAT 2023 exercise. Hailing from the Andaman and Nicobar Command’s Port Blair, the corvette’s primary mission is to contribute to the Harbour Phase of SEACAT 2023.

5. Centre appoints R Doraiswamy as LIC Managing Director

Government of India had appointed R. Doraiswamy as the Life Insurance Corporation of India (LIC) managing director. He is currently executive director at the central office in Mumbai.

He has been appointed as managing director of LIC in place of Mini Ipe with effect from the date of assumption of charge of office on or after September 1, 2023, and up to the date of his superannuation August 31, 2026, or until further orders, whichever is earlier, the national insurer said in a regulatory filing.

6. UP Government’s Tree Plantation Campaign-2023

Uttar Pradesh Chief Minister Yogi Adityanath initiated a grand endeavor to plant 5 crore saplings under the Tree Plantation Campaign-2023.

Speaking at the inauguration near Gomti bank, he emphasized that safeguarding nature is the key to securing humanity from calamities.

CM Yogi articulated that these trees would serve as bridges connecting people to both nature and spirituality.

The significance of the sacred trees—Peepal, Pakad, and Banyan—was highlighted, termed as Harishankari by Indian saints.

7. Dutch Economy Enters Recession

The Dutch economy has entered a recession, shrinking 0.3% on a quarterly basis in the second quarter. This is the first recession since the pandemic, and follows a 0.4% contraction in the first three months of the year.

The eurozone’s fifth largest economy was driven by a drop in consumer spending and exports. Consumer spending fell 1.6%, while exports were 0.7% lower than in the first three months of the year.

Inflation in the Netherlands has dropped since hitting a peak of 14.5% in September 2022, but was still relatively high at about 6% in the second quarter of 2023.