Get a quick overview of the latest current affairs for August 19, 2023, covering financial decisions, strategic collaborations, and achievements across India and the world.
August 19, 2023 Daily Current Affairs
Welcome to the daily roundup of the most significant events from around the world. From financial updates to technological milestones, and from international collaborations to remarkable achievements, today’s news encompasses a wide range of topics. Join us as we delve into the highlights of August 19, 2023.
National News
- Repo Rate Announcement: The Reserve Bank of India (RBI) recently announced that the repo rate remains unchanged at 6.5%. This decision was made by the Monetary Policy Committee to maintain the current policy rate. RBI Governor Shaktikanta Das also retained the GDP growth projection for FY24 at 6.5%, while increasing the CPI inflation forecast for the same period to 5.4%.
- Connecting Maldives: Reliance Jio achieved a significant milestone by completing the work related to connecting the Maldives with a High-Speed Optic Fibre cable. The ceremony for landing the Ocean Connect Maldives-India Asia Express (OCM-IAX) Submarine Cable System was held in Hulhumale, marking enhanced connectivity between the two nations.
- One District One Product: The ‘One District One Product’ (ODOP) initiative, launched under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, collaborated with the Ministry of Rural Development. This collaboration was marked by the launch of the ‘One District One Product’ Wall at SARAS Ajeevika Store.
International Highlights
- Malabar 2023 Naval Exercise: The Malabar 2023 multilateral naval exercise took place in Sydney, Australia. The exercise aimed to enhance cooperation and synergy among participating navies, including ships and aircraft from the US Navy, Japan Maritime Self Defence Force, Royal Australian Navy, and Indian Navy’s INS Sahyadri and INS Kolkata.
- UAE Hosts ‘Zayed Talwar 2023’: The UAE hosted the bilateral naval exercise ‘Zayed Talwar 2023’ with the participation of the Indian Navy. INS Visakhapatnam and INS Trikand joined the UAE Navy for this exercise, which aimed to strengthen interoperability and cooperation between the two naval forces.
Business Buzz
- NITIE Renamed IIM Mumbai: The National Institute of Industrial Engineering (NITIE) has been renamed as the Indian Institute of Management, Mumbai (IIM Mumbai) following the passage of the IIM (Amendment) Bill 2023. With this change, NITIE becomes the 21st IIM in India and the second in Maharashtra after IIM Nagpur.
Sports Scoop
- Priya Malik’s Gold: Indian wrestler Priya Malik made the country proud by winning a gold medal at the U20 World Wrestling Championships. Priya’s victory marks the second instance of an Indian female wrestler clinching a gold medal at this prestigious championship.
- Dutee Chand’s Ban: Indian sprinter Dutee Chand faced a setback as she was banned for four years due to doping violations. This decision was made after she failed two out-of-competition dope tests for selective androgen receptor modulator.
Around the Globe
- World Bank’s Uganda Decision: The World Bank announced a halt on new public finance projects in Uganda after the country enacted the Anti-Homosexuality Act. The institution stated that the act goes against its core values.
- Keeladi’s Ancient Find: An ancient ‘Crystal quartz weighing unit’ was unearthed during archaeological excavations at the Keeladi site in Tamil Nadu. This artifact adds to the rich historical findings from this significant site.
Upcoming Event
- National Conference on Nalanda Buddhism: The ‘National Conference on Nalanda Buddhism’ will be held in Leh, Ladakh. The conference will delve into the origins, philosophy, and challenges of Nalanda Buddhism in the 21st century.
Snippet
- Repo Rate Remains Unchanged at 6.5%
- Reliance Jio Completes Work on High-Speed Optic Fibre Cable to Maldives
- ‘One District One Product’ Initiative Collaborates with Ministry of Rural Development
- Malabar 2023 Naval Exercise Enhances Cooperation Among Navies
- UAE Hosts ‘Zayed Talwar 2023’ Naval Exercise with Indian Navy
- NITIE Renamed IIM Mumbai, Becomes 21st IIM in India
- Priya Malik Wins Gold at U20 World Wrestling Championships
- Dutee Chand Banned for Four Years for Doping Violations
- World Bank Halts New Public Finance Projects in Uganda
- Ancient ‘Crystal Quartz Weighing Unit’ Unearthed at Keeladi
- National Conference on Nalanda Buddhism to be Held in Leh
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