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Daily Current Affairs – September 02, 2023

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Daily Current Affairs - Banking - September 02, 2023

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National News

Manthan 2023 Exhibition

  • Union Minister of State for Skill Development and Entrepreneurship Rajeev Chandrasekhar inaugurated the ‘Manthan 2023 – North Eastern Region Skill & Entrepreneurship Conclave’ in Guwahati.
  • The Union Minister also inaugurated an Exhibition organized as part of Manthan 2023 and more than 80 exhibitors are participating in the three-day exhibition.
  • Ministry of Skill Development and Entrepreneurship – Dharmendra Pradhan,Union Minister (Rajya Sabha MP,MP) – Rajeev Chandrasekhar,Minister of State (Rajya Sabha MP,Karnataka)

International Lesson Learning Workshop of Infrastructure for Climate Resilient Growth program

  • Minister of State for Rural Development and Consumer Affairs, Food & Public Distribution, Sadhvi Niranjan Jyoti inaugurated International Lesson Learning Workshop of the Infrastructure for Climate Resilient Growth program.
  • Sadhvi Niranjan Jyoti, along with all notable guests jointly unveiled a book showcasing 75 success stories of climate resilience.
  • This compendium, compiled by UNDP, highlights the significant role of the Mahatma Gandhi NREG Scheme program in strengthening the climate resilience of vulnerable communities.
  • The technical assistance programme ‘Infrastructure for Climate Resilient Growth’ (ICRG), which was jointly conceived by the Ministry of Rural Development, Government of India and Foreign, Commonwealth and Development Office, Government of United Kingdom, added value to the Mahatma Gandhi NREG Scheme by way of integrating climate change considerations into the planning and implementation of the Scheme.
  • Ministry of Consumer Affairs, Food and Public Distribution – Piyush Vedprakash Goyal,Union Minister (Rajya Sabha MP,Maharashtra) – Niranjan Jyoti,Minister of State (Fatehpur,UP) & Ashwini Kumar Choubey,Minister of State (Bhagalpur,Bihar)

International News

Georgia officially declared October as 'Hindu Heritage Month'

  • Governor Brian Kemp of Georgia one of the states in USA had formally designated October as “Hindu Heritage Month” to recognize and appreciate the valuable contributions made by the vibrant Hindu-American community residing in the state.
  • United States of America – Washington, D.C. (Capital) – US Dollar (Currency) – Joe Biden (President) – English (Language)

State News

Amrita Patel Centre of Public Health in Gujarat

  • Union Health Minister Mansukh Mandaviya inaugurated the Amrita Patel Centre of Public Health in Anand in Gujarat.
  • Amrita Patel Centre for Public Health is a venture to pay tributes to our former Chairman, Dr. Amrita Patel.
  • She was the first lady executive of Amul, then the first woman Managing Director, and finally the Chairman of the National Dairy Development Board (NDDB).
  • She was awarded Padma Bhushan in 2001.
  • She also awarded ‘Indira Gandhi Paryavaran Puraskar’ by the Ministry of Environment & Forests for her significant contribution to the field of environment and also conferred with the prestigious Mahindra Samriddhi India Agri Lifetime Achievement Award – the Krishi Shiromani Samman.
  • She has been on the list of the top Businesswomen of the year (listed by Business Today) consistently for five years and topped the list in 2008.
  • Gujarat – Gandhinagar (Capital) – Bhupendrabhai Patel (CM) – Acharya Devvrat (Governor) – Gujarati & Hindi (Language)

Banking and Finance

IRDAI appointed ManipalCigna Health as lead insurer for Karnataka

  • ManipalCigna Health Insurance, one of India’s fastest-growing standalone health insurance company has been appointed as lead health insurer for the Karnataka State Insurance Awareness Plan by Insurance Regulatory and Development Authority of India (IRDAI).
  • Insurance Regulatory and Development Authority of India (IRDAI) – 1999 (Founded) – Hyderabad (HQ) – Debasish Panda (Chairman) – Ministry of Finance (Under)

Business and Economy

GST Collections in August 2023

  • The gross GST revenue collected in the month of August, 2023 is ₹1,59,069 crores of which CGST is ₹28,328 crores, SGST is ₹35,794 crores, IGST is ₹83,251 crore (including ₹43,550 crores collected on import of goods) and Cess is ₹11,695 crores (including ₹1,016 crores collected on import of goods).
  • The government has settled ₹37,581 crores to CGST and ₹31,408 crores to SGST from IGST.
  • The total revenue of Centre and the States in the month of August, 2023 after regular settlement is ₹65,909 crores for CGST and ₹67,202 crores for the SGST.
  • The revenues for the month of August, 2023 are 11% higher than the GST revenues in the same month last year.

Agreements and MoUs signed

Amazon India signed MoU with India Post

  • Amazon India announced that it is opening up its logistics and order fulfilment infrastructure even for those D2C brands that do not sell on its platform.
  • The e-commerce major also announced that it has inked a MoU with India Post to simplify cross-border logistics.
  • It has strengthened its partnership with Indian Railways’ Dedicated Freight Corridor Corporation (DFC) of India for faster deliveries of seller orders to customers.
  • This move will enable D2C brands across India to leverage Amazon’s logistics and supply chain capabilities to serve customers orders from various sales channels including their own website.

Summit and Conference

International Aerospace Conference

  • Shri Jyotiraditya M Scindia, Union Minister for Civil Aviation & Steel today inaugurated the ‘International Aerospace Conference: Moving Towards Inclusive Global Value Chains’ 2023 in Gwalior, Madhya Pradesh.
  • It is being jointly organised by the Ministry of Civil Aviation and Confederation of Indian Industry (CII).
  • The International Aerospace Conference is a G20 initiative in the aerospace sector under G20 and B20 priority, focusing on developing inclusive global value chains for Global trade and Investment and aims to promote and strengthen trade and investment among the G20 countries.
  • Ministry of Civil Aviation – Jyotiraditya Scindia,Union Minister (Rajya Sabha MP,MP) – General Vijay Kumar Singh,Minister of State

Science and Technology


  • Aditya-L1 had been launched by PSLV C57 rocket from Sathish Dhawan Space Centre, Sriharikota.
  • The rocket is the XL variant with longer strap on motors carrying higher fuel quantity.
  • Aditya’sL1 mission is to study the solar winds and the Sun’ s atmosphere.
  • It carries seven payloads to observe the photosphere, chromosphere and the outermost layers of the Sun, the Corona.
  • This will help understand the problems of coronal heating.
  • Coronal mass ejection, pre-flare and flare activities, dynamics of weather and the study of the propagation of particles and fields in the interplanetary medium.
  • India has till date launched 431 foreign satellites belonging to 36 countries since 1999 with its rockets and bulk of the numbers were by the PSLV rocket.
  • The rocket has also been used to put into orbit 104 satellites in a single flight.
  • Indian Space Research Organisation (ISRO) – 15/08/1969 (Founded) – Bangalore, India (HQ) – Sreedhara Somanath (Chairman)

Acquisitions and Mergers

Warburg sold 4.2% in IDFC First Bank

  • Cloverdell Investment, an affiliate of private equity major Warburg Pincus, sold 4.2% in IDFC First Bank.
  • As of June 2023, Cloverdell had a 7.12% stake in IDFC First Bank.
  • The PE major sold nearly 278.7 billion shares at Rs 89 apiece to mop-up Rs 2,480 crore.
  • US-based GQG Partners shares worth Rs 1,527 crore, constituting a 2.6% stake.
  • IDFC First Bank – October 2015 (Founded) – Mumbai (HQ) – V. Vaidyanathan (MD & CEO) – “Always You First” (Tagline)

Infosys completed acquisition of Danske Bank’s IT Centre in India

  • Infosys had completed the acquisition of Danske Bank’s IT center in India.
  • Danske Bank selected Infosys as a strategic partner to accelerate digital transformation initiatives with speed and scale, and this follows the announcement of the strategic collaboration with Danske Bank.


President of Singapore

  • Indian-origin Economist and Former Senior Minister Tharman Shanmugaratnam won the presidential election in Singapore (9th President).
  • He had served as Singapore’s Deputy prime minister from 2011 to 2019.
  • He will be Singapore’s third Indian-origin President after Sellapan Ramanathan (6th President) and Chengara Veetil Devan Nair (3rd President).
  • Singapore – Singapore City (Capital) – Singapore dollar (Currency) – Tharman Shanmugaratnam (President) – Lee Hsien Loong (Prime Minister) – Malay (Language)

President of Film and Television Institute of India

  • Actor-filmmaker R Madhavan was nominated as president and chairman of Film and Television Institute of India (FTII), Pune.
  • Maharashtra – Mumbai (Capital) – Eknath Shinde (CM) – Ramesh Bais (Governor) – Marathi (Language)

Air Officer-in-Charge Personnel

  • Air Marshal Nagesh Kapoor took over as Air Officer-in-Charge Personnel (AOP).
  • An alumnus of the Defence Services Staff College and National Defence College, the Air Marshal was commissioned in the fighter stream of Flying Branch of the Indian Air Force on 06 December 1986.
  • He was awarded Vayu Sena Medal in 2008 and Ati Vishisht Seva Medal in 2022 by the Hon’ble President of India.

Secretary of Ministry of Mines

  • V.L. Kantha Rao who belongs to the 1992 batch of the Indian Administrative Service (IAS), Madhya Pradesh cadre assumed charge as the new Secretary of the Ministry of Mines.
  • Ministry of Mines – Pralhad Venkatesh Joshi, Union Minister (Dharwad, Karnataka)

Interim chief of Kotak Mahindra Bank

  • Uday Kotak, the managing director and CEO, has resigned MD & CEO of his term coming to an end by the end of this year.
  • Dipak Gupta will carry out the duties of the chief executive officer subject to approvals from the Reserve Bank of India (RBI).
  • Kotak Mahindra Bank – 21/11/1985 (Founded) – Mumbai (HQ) – Dipak Gupta (MD & CEO) – “Let’s Make Money Simple” (Tagline)


Global Finance’s Central Banker Report Cards 2023

  • The Central Banker Report Cards, an annual publication by Global Finance since 1994, assess and grade the performance of central bank governors in 101 significant countries, territories, and regions, encompassing entities such as the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States.





Shaktikanta Das (Rated A+)



Thomas J. Jordan (Rated A+)



Nguyen Thi Hong (Rated A+)


Awards and Recognitions

2023 Ramon Magsaysay Award

  • The Ramon Magsaysay Award is an annual award established to perpetuate former Philippine President Ramon Magsaysay’s.
  • The prize was established in April 1957 by the trustees of the Rockefeller Brothers Fund based in New York City with the concurrence of the Philippine government.
  • It is often called the “Nobel Prize of Asia”.
  • The award is named after Ramon Magsaysay, the seventh president of the Republic of the Philippines after World War II.
  • The awards used to be given in six categories, five of which were discontinued in 2009:
  • Government Service (1958–2008)
  • Public Service (1958–2008)
  • Community Leadership (1958–2008)
  • Journalism, Literature, and Creative Communication Arts (1958–2008)
  • Peace and International Understanding (1958–2008)
  • Emergent Leadership (2001–till now)
  • Uncategorized (2009–till now)

Awardee Name



Korvi Rakshand


Developing inclusive education for the underprivileged children in Bangladesh

Eugenio Lemos


Notable contributions to how young Timorese views nature and their surroundings.

Miriam Coronel-Ferrer


Unwavering belief in the transformative power of non-violent strategies in peacebuilding

Dr Ravi Kannan R.


Strong devotion to his medical profession, focusing on what medicine is truly for: pro-health and people-centred treatment.

Sports News

Men's javelin event in Zurich Diamond League

  • Newly-crowned world champion Neeraj Chopra finished second with a final round throw of 85.71 m in the men’s javelin event of the Diamond League Meeting at Zurich, Switzerland.
  • He finished behind Jakub Vadlejch of Czech Republic, who had won a bronze in the World Championships.

Important Days

World Coconut Day 2023

  • World Coconut Day is annually celebrated on September 2.
  • In 2009, Asian and Pacific Coconut Community (APCC) started the initiative of celebrating World Coconut Day on September 2 every year.
  • APCC was founded in 1969 in Jakarta, Indonesia.

Daily Current Affairs - September 02, 2023 - Consolidated

  • Manthan 2023 Exhibition
  • International Lesson Learning Workshop of Infrastructure for Climate Resilient Growth program
  • Georgia officially declared October as ‘Hindu Heritage Month’
  • Amrita Patel Centre of Public Health in Gujarat
  • IRDAI appointed ManipalCigna Health as lead insurer for Karnataka
  • GST Collections in August 2023
  • Amazon India signed MoU with India Post
  • International Aerospace Conference
  • Aditya-L1
  • Warburg sold 4.2% in IDFC First Bank
  • Infosys completed acquisition of Danske Bank’s IT Centre in India
  • President of Singapore
  • President of Film and Television Institute of India
  • Air Officer-in-Charge Personnel
  • Secretary of Ministry of Mines
  • Interim chief of Kotak Mahindra Bank
  • Global Finance’s Central Banker Report Cards 2023
  • 2023 Ramon Magsaysay Award
  • Men’s javelin event in Zurich Diamond League
  • World Coconut Day 2023

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