11 August 2023 Current affairs: Staying well-informed about the latest current affairs is essential in our rapidly evolving world. As we delve into the month of August 2023, this article provides a concise yet comprehensive overview of the significant events that unfolded during this period. Explore the current affairs of August 2023, encompassing politics, economics, technology, and more, as we bring you up-to-date with the latest happenings around the globe.
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Don’t miss out on the opportunity to expand your knowledge and gain a deeper understanding of the significant events that shaped August 2023. Download the August current affairs 2023 PDF and stay informed about the latest happenings in this pivotal month.
Current Affairs of 11 August 2023 PDF | 11 August 2023 Current affairs
The National Institute of Industrial Engineering (NITIE) has been renamed the Indian Institute of Management, Mumbai (IIM Mumbai) following the passage of the IIM (Amendment) Bill 2023 during the Monsoon Session of Parliament. This move makes NITIE the 21st IIM in India and the second in Maharashtra after IIM Nagpur. NITIE achieved a notable rank of 7th in the Management Category according to the National Institute Ranking Framework (NIRF) in 2023.
The Union Ministry of Defense has announced its intention to replace the Microsoft OS with a domestically developed secure operating system named Maya OS. This open-source Ubuntu-based system aims to enhance cybersecurity while providing a familiar interface. It incorporates a protective feature called Chakravyuh inspired by ancient Indian defense strategies.
India has achieved a remarkable reduction of 33% in greenhouse gas emissions over a span of 14 years, surpassing expectations. The reduction is attributed to increased renewable energy generation and expanded forest cover. This progress aligns with India’s commitment to the United Nations Framework Convention on Climate Change (UNFCCC) to decrease emissions intensity by 45% from 2005 levels by 2030, with an average annual reduction rate of 3% during 2016-2019.
The Karnataka State Road Transport Corporation (KSRTC) has been honored with the Asia’s Best Brand Employer Award 2023 in the category of ‘Organisation with Innovative HR Practices’. This recognition was announced at the 14th edition of the 18th Brand Congress and is scheduled to be presented in Singapore on August 17. KSRTC, inaugurated in 1948, has evolved from the Mysore Road Transport Department and was later renamed the Karnataka Road Transport Corporation.
11 August Current affairs 2023 in English | 11 August 2023 Current affairs
Indian Navy vessels INS Visakhapatnam and INS Trikand have arrived in Dubai’s Port Rashid for the bilateral exercise ‘Zayed Talwar 2023’ with the UAE Navy. Conducted from August 8 to 11, the exercise aims to enhance cooperation and knowledge sharing between the two naval forces, showcasing advanced maritime capabilities.
Public Sector Banks and major private banks in India have collectively collected over ₹35,000 crore in charges since 2018 due to reasons such as non-maintenance of minimum balance, additional ATM transactions, and SMS services. Notably, around ₹21,000 crore was amassed due to non-maintenance of minimum balance, while over ₹8,000 crore resulted from transactions exceeding free ATM usage limits and SMS-related charges contributing more than ₹6,000 crore.
The Reserve Bank of India (RBI) has maintained the key interest rate at 6.5%, as per the Monetary Policy Committee’s unanimous decision in August 2023. Other key highlights include unchanged rates for the standing deposit facility, marginal standing facility, and Bank Rate, along with a revised CPI inflation target of 5.4% and a projected real GDP growth of 6.5% for the fiscal year 2023-24.
Renowned author and vice-president of Samata Parishad, Hari Narke, passed away at the age of 70 due to a heart attack in Mumbai. He was a notable figure in academia, serving as a professor at Savitribai Phule Pune University and contributing to various committees and commissions, including the Maharashtra Backward Class Commission.
11 August 2023 Current affairs in English
World Lion Day is observed on August 10 every year to raise awareness about the significance of lions and advocate for their conservation. The Asiatic Lion, classified as an endangered species by the IUCN due to its limited population and habitat, is a focal point of this day.
The Digital Personal Data Protection Bill 2023 has been passed by both the Lok Sabha and Rajya Sabha, aiming to regulate the collection and processing of citizens’ data by private and government entities. The bill emphasizes safeguarding the privacy of Indian citizens and proposes penalties for misusing or failing to protect digital data.
The Reserve Bank of India (RBI) has imposed monetary penalties on several co-operative banks, including ₹1.50 lakh on Shri Vinayak Sahakari Bank for violating provisions related to Maintenance of Deposit Accounts. Additionally, Mizoram Urban Cooperative Development Bank and Shreeji Bhatia Cooperative Bank Ltd faced penalties for non-compliance with specific directions and supervisory frameworks.
Fifteen Eco-Parks have been established by Coal/Lignite Public Sector Undertakings (PSUs) over the past five years. Developed for recreational purposes of local communities, these Eco-Parks are funded independently by the PSUs and do not contribute revenue to mining area development. One such park, Kenapara Eco-Park in Chhattisgarh, is managed by local Self-Help Groups (SHGs) to promote mine tourism.
Tehmasp Printer has been appointed as the Global CEO of the International Gemological Institute (IGI), effective October 1, 2023. Replacing the outgoing CEO Roland Lorie, Printer brings over three decades of business management experience, having spent 24 years at IGI, including as the Managing Director of IGI India.