This article covers the daily current affairs of August 3, 2023, including national updates, international updates, business updates, sports updates, and energy and infrastructure updates.
August 3, 2023 Daily Current Affairs
Welcome to the Daily Current Affairs, your go-to source for the most significant events and updates from around the world on August 3, 2023. Stay informed and download the PDF for a comprehensive overview of the latest happenings.
National Updates
- GST Council Recommends GST on Online Gaming and Casino Actionable Claims The GST Council chaired by Union Minister Nirmala Sitharaman recommended a 28% GST on actionable claims supplied in Casinos, Horse racing, and Online gaming. The new valuation method for online gaming and actionable claims will be based on the amount paid to the supplier. Amendments are expected to take effect from 1st October 2023.
- Government Implements Measures to Support Women Entrepreneurs The Government introduced various initiatives to provide financial assistance and credit access to women entrepreneurs in the MSME sector. Special provisions have been made to support women-owned enterprises.
- Indian Government Introduces Ayush Visa for Foreigners Seeking Traditional Medicine Treatment A new Ayush Visa category has been launched for foreign nationals seeking treatment under Indian systems of medicine, including therapeutic care, wellness, and Yoga.
- Repatriated Artifacts Enriching India’s Cultural Heritage Over the past 9 years, the Indian government has successfully repatriated 238 antiquities of Indian origin, restoring elements of its history and heritage.
- Indian Navy Chief Visits Duqm to Discuss Anti-Piracy Mission Indian Navy Chief Admiral R Hari Kumar visited Oman to discuss ongoing efforts in combating piracy in the region.
International Updates
- Indian Diaspora in UAE Honored for Exemplary Support and Service The Consulate General of India in Dubai celebrated three years of uninterrupted service to the Indian community in the UAE, recognizing the community’s support and assistance.
- Vietnamese Delegation Visits India to Enhance Bilateral Cooperation in Infrastructure and Logistics Sector India hosted a delegation from Vietnam to promote bilateral cooperation in the infrastructure and logistics sector, fostering collaboration and foreign investments.
Business Updates
- World’s Largest Grain Storage Plan to Empower Farmers India is set to roll out the ‘World’s Largest Grain Storage Plan in the Cooperative Sector,’ focusing on creating decentralized storage capacity and essential infrastructure at the level of Primary Agricultural Credit Societies (PACS).
- Indian Women Leading the Way in Sustainable Living Globally: PM Prime Minister Narendra Modi praised Indian women for advocating sustainable living, promoting sustainable businesses, and leading environmental initiatives.
- Prime Minister Reiterates Commitment to Bring Cutting-Edge Technology Nationwide Prime Minister Narendra Modi reaffirmed the government’s dedication to extending cutting-edge technology to every part of India, celebrating the successful installation of over 3 lakh 5G sites.
Sports Updates
- India vs. West Indies: First T20 International Cricket of Five-Match Series in Trinidad & Tobago on August 3, 2023 India and West Indies will face off in the first T20 International match at the Brian Lara Cricket Academy in Trinidad and Tobago.
Energy and Infrastructure Updates
- Steps to Encourage Electric Cooking in Rural Areas The Ministry of Power is promoting electric cooking in rural areas through demonstration projects and awareness campaigns.
- Revised Biomass Policy: 5% Biomass Co-firing in Thermal Power Plants The Ministry of Power has revised the biomass policy, making it mandatory for thermal power plants to co-fire 5% biomass pellets with coal from FY 2024-25.
- Implementation of Time of Day Electricity Tariff System The Ministry of Power has issued the Electricity (Rights of Consumers) Amendment Rules, 2023, including the Time of Day (ToD) Tariff system.
- Regulation on Sharing of Transmission Charges for HVDC Transmission Links The Ministry of Power is finalizing the draft regulations to ensure fair sharing of transmission charges among beneficiaries and promote efficient power transmission across regions.
- Implementation of Ujwal Discom Assurance Yojana (UDAY) – Summary The government provided an update on the repayment of bonds issued by State Governments and DISCOMs under the UDAY scheme.
Also Read Education News – August 3, 2023
Textile and Agriculture Updates
- Government Schemes to Promote Handloom & Handicraft Sector and Welfare of Weavers & Artisans The Ministry of Textiles is implementing various schemes to support the handloom and handicraft sector and provide financial assistance to weavers, artisans, and self-help groups.
- Scheme for Integrated Textile Park (SITP) Promoting Textile Units with State-of-the-Art Infrastructure The Government is implementing the Scheme for Integrated Textile Park (SITP) to provide state-of-the-art infrastructure facilities for setting up textile units.
- Food Corporation of India has 1923 Warehouses with 371.93 LMT Capacity for Central Pool Foodgrains The Food Corporation of India operates 1923 warehouses with a total capacity of 371.93 LMT for storage of Central Pool foodgrains.
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