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CURRENT AFFAIRS : BANKING & FINANCE
South Indian Bank Partners with Sohan Lal Commodity Management to Launch ‘Unified Collateral Management Solutions
- South Indian Bank and Sohan Lal Commodity Management (SLCM) have announced a collaboration to deliver “Unified Collateral Management Solutions,” aimed at supporting farmers and other stakeholders within the agricultural ecosystem.
- This collaboration will facilitate access to post-harvest credit at competitive interest rates, while also providing scientific storage services and ensuring fair commodity pricing at marketplaces (mandis).
- The partnership is aimed to tackle key challenges in the agricultural sector, particularly in post-harvest storage and financing.
- By merging South Indian Bank’s financial expertise with SLCM’s collateral management and warehousing solutions, the collaboration is set to offer a seamless experience to both farmers and agri-businesses.
- CEO of SLCM Group : Sandeep Sabharwal
About South Indian Bank :
- Founded : 1929
- Headquarters : Thrissur, Kerala, India
- MD & CEO : P R Seshadri
Indian Rupee Second-Worst Performing Asian Currency in August 2024 Due to High Dollar Demand and Equity Outflows
- The Indian rupee was the second-worst-performing Asian currency in August 2024 after the Bangladeshi taka due to strong dollar demand and outflows from domestic equities.
- It depreciated by 0.2% during the month.
- The two were the only Asian currencies that experienced a decline against the US dollar over the month.
- The rupee settled at Rs 83.86 per dollar.
Key Highlights :
- Current Financial Year (FY25): The rupee has depreciated by 0.6% so far in the current financial year.
- It was the third most stable Asian currency against the US dollar in FY24, following the Hong Kong dollar and Singapore dollar.
- Factors Affecting the Rupee: The depreciation was influenced by a slowdown in Foreign Portfolio Investment (FPI) inflows, particularly in the equity segment, and increased dollar demand from importers.
- Previous Financial Year (FY24):The rupee depreciated by 1.5% over FY24, a significant improvement compared to the 7.8% depreciation in FY23.
- Stability was largely due to timely intervention by the Reserve Bank of India (RBI).
- Calendar Year 2023:The rupee showed remarkable stability against the dollar, experiencing the least volatility in nearly three decades.
- It had a marginal depreciation of 0.5% against the US dollar during 2023.
- Historical Context: The last time the rupee exhibited such stability was in 1994 when it appreciated by 0.4%
World Bank advises India to reassess RCEP decision to achieve $1 trillion export target
- The World Bank, urged India to re-evaluate its regional integration strategy, including its decision not to join the Regional Comprehensive Economic Partnership (RCEP), as part of its plan to achieve the $1 trillion export target by 2030.
- India has opted out of major trade agreements like RCEP, while neighbouring countries like Bangladesh and Sri Lanka have shown interest in joining this East Asian trade and global value chain (GVC) hub.
Key Highlights :
- Re-evaluating Trade Strategy: As other South Asian economies explore trade agreements outside the region, India may need to reassess its position on regional integration, particularly regarding RCEP.
- India’s Withdrawal from RCEP: India pulled out of RCEP negotiations in 2019 after initial talks began in 2013, primarily due to concerns about market access and competition.
- RCEP Members: The RCEP consists of 10 ASEAN members (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos, and Vietnam) along with six Free Trade Agreement (FTA) partners (China, Japan, South Korea, Australia, and New Zealand).
- India’s Existing FTAs: India already has functional FTAs with 13 out of 15 RCEP members, with the exceptions being China and New Zealand.
About World Bank :
- Established : July 7, 1944
- Headquarters : Washington, D.C., United States
- President : Ajay Banga
UPI Sees 37% Surge in Transactions, Reaching ₹80.8 Lakh Crore ($964 Billion) from April-July 2024
- Unified Payments Interface (UPI), which has emerged as the world’s most popular alternative payments method (APM), processed transactions to the tune of ₹80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37% year-on-year (y-o-y) surge compared to the same timeframe the previous year.
- Transactions on UPI totalled Rs 20.64 lakh crore in July this year or about $247 billion.
- Unified Payments Interface (UPI) has emerged as the world’s most popular alternative payment method, with 3729.1 transactions per second in 2023.
- This is a 58% increase over the 2,348 transactions every second in 2022. UPI is a real-time payment system that allows users to make a bank transfer instantly.
- Skrill has emerged as the second-most popular alternative payment method in the world.
- Skrill processes 1,553.8 transactions per second and processed 49 billion transactions in 2023.
- Pix is the 3rd-most popular alternative payment method worldwide, processing 1,331.8 transactions per second.
- Pix is an online instant payment platform introduced by the Central Bank of Brazil in late 2020.
- It was created to make payments and money transfers more convenient and universal for the people of Brazil.
About UPI :
- UPI, developed by the National Payments Corporation of India (NPCI) and regulated by the Reserve Bank of India (RBI), has enhanced financial accessibility since its launch in 2016.
Tata AIA Life Insurance Launches USD Life Insurance Solutions for Non-Resident Indians
- Tata AIA Life Insurance Company Limited, one of India’s leading life insurance agencies, has launched its offshore branch at Gujarat International Finance Tech-City (GIFT City), India’s first International Financial Services Centre (IFSC).
- The branch aims to provide non-resident Indians (NRIs) with US dollar-denominated life insurance through its website.
About Tata AIA Life Insurance Company Limited :
- Founded : 1 April 2001
- Headquarters : Mumbai, Maharashtra, India
- CEO : Venkatachalam Iyer
- Tata AIA is a joint venture by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA).
Mastercard Launches Global Payment Passkey Service to Enhance Security and Ease of Online Shopping
- Mastercard has announced the worldwide launch of its new Payment Passkey Service to enhance the security and convenience of online shopping.
- The service has been introduced in India as a pilot program with major payment players, including payment aggregators Juspay, Razorpay, and PayU, as well as online merchants like Bigbasket and banks such as Axis Bank.
- Payment passkeys use device-based biometric authentication methods, such as fingerprints or facial scans, to streamline online shopping experiences.
- This service replaces traditional passwords and OTPs, making transactions faster and more secure.
- The Payment Passkey Service aims to improve security against fraud and scams while simplifying the transaction process.
About Mastercard :
- Founded : 1966
- Headquarters : New York, United States
- CEO : Michael Miebach
POP Introduces India’s First Multi-Brand Co-Branded Card in Collaboration with RuPay and Yes Bank
- POP, a fintech enabler for direct-to-consumer brands started by former Flipkart employees, has introduced India’s first multi-brand co-branded credit card developed in collaboration with RuPay and Yes Bank.
- This launch coincides with POP surpassing one million UPI transactions and aims to leverage the power of the RuPay network to make credit on UPI easier for its network of users.
- The credit card was launched at the Global Fintech Festival (GFF) in the presence of Mr. Nalin Bansal- Chief of Corporate and Fintech Relationships at NPCI and Mr. Amit Sinha- Head of credit card sales and partnerships at Yes Bank.
- As India’s first multi-brand co-branded card, it brings together top brands such as Zomato, Blinkit, Cult, Rapido, Cleartrip, and Pharmeasy, covering key daily expenditure categories like e-commerce, groceries, F&B, travel, and health and fitness.
Recent News :
- In June 2024, POP launched its UPI e-commerce app platform, where users can earn POPcoins on each UPI transaction. Within two months, POP surpassed a monthly UPI transaction rate of 1 million.
CURRENT AFFAIRS: NATIONAL NEWS
Amit Shah releases documentary on Mumbai Samachar’s 200-year journey
- Event: Release of the “200 Not Out” documentary celebrating 200 years of the newspaper Mumbai Samachar.
- Date: September 8, 2024
- Location: Mumbai, Maharashtra
- Chief Guest: Union Home Minister and Minister of Cooperation, Shri Amit Shah
- Other Dignitaries: Chief Minister of Maharashtra, Shri Eknath Shinde
Key Highlights from Shri Amit Shah’s Address:
Significance of Mumbai Samachar:
- Celebrated for its 200-year history, Mumbai Samachar is the oldest newspaper in Asia and the third oldest in the world.
- Known for its credibility and neutrality, it has maintained its journalistic integrity without aligning with any ideology.
- The newspaper has covered important historical events such as the 1857 Revolution, the formation of Congress, and various movements led by Indian freedom fighters.
Achievements and Contributions:
- Mumbai Samachar has played a significant role in preserving the Gujarati language in journalism and encouraging its use in everyday conversation.
- Despite fluctuations in its circulation, the newspaper’s contribution to society is considered much more significant than mere numbers.
Acknowledgment of the Parsi Community:
- Shri Amit Shah praised the Parsi community, particularly the Cama family, for their contributions to the field of journalism through Mumbai Samachar.
- He highlighted the community’s dedication to duty and contribution to various sectors without demanding special rights.
Languages as India’s Heritage:
- Emphasized that India’s diverse languages are its heritage and advocated for the preservation and promotion of regional languages.
- Discussed the importance of primary education in the mother tongue, as mandated by the new education policy.
- Announced that the Ministry of Home Affairs has added 22,831 words from local languages to the Hindi dictionary to enrich it.
Future Vision and National Growth:
- Celebrated India’s rapid progress under Prime Minister Narendra Modi’s leadership, highlighting the country’s rise to the world’s fifth-largest economy and its potential to soon become the third-largest.
- Emphasized India’s “Amrit Kaal” journey towards its 100th year of independence in 2047, envisioning India becoming a leader in every field.
Documentary Significance:
- The 50-minute documentary titled “200 Not Out” captures the history and achievements of Mumbai Samachar.
- Shri Amit Shah called for it to be dubbed in Hindi and English to make it accessible to a wider audience across India.
India’s Pioneering Fashion Forecasting Initiative VisioNxt Launched by Textile Ministry
- The Union Ministry of Textiles has launched the VisioNxt web portalto establish India as a global fashion leader.
- The web portal will use information technology to provide India-specific real-time trend insights for the Indian fashion industry.
- This service is expected to benefit India’s textile and apparel industry
- It will help establish India as a leader in the global fashion sector and reduce its dependence on foreign fashion forecasting agencies.
‘VisioNxt web portal:
- The VisioNxt web portal was launched by the Union Minister of Textiles,Giriraj Singh, at a function in New Delhi on 5 September 2024.
- Giriraj Singh also launched the India-specific Fashion Trend Book ‘Paridhi 24×25’.
- Pabitra Margherita,Minister of State for Textiles and External Affairs, and Rachna Shah, the Textiles Secretary, also attended the function.
- The VisioNxt web portal has been developed by the National Institute of Fashion Technology (NIFT) under the Union Ministry of Textiles.
- In 2018, with the support of the Union Ministry of Textile, the NIFT Delhi (Creative Lab) and the NIFT Chennai (Insights Lab) launched the VisioNxt—a Trend Insights and Forecasting Initiative.
- The VisioNxt is now located in the NIFT Chennai campus.
About VisioNxt
- The VisioNxt combines Artificial Intelligenceand Emotional Intelligence to generate fashion trends using traditional Indian culture as a base.
- It uses a unique prediction model known as “DeepVision” to decode patterns and interpret fashion trends in India.
- It focuses on delivering trend insights and forecasting to the Indian fashion and retail market, providing various trend-related consultancy services, offering academic courses, and conducting workshops.
- The VisioNxt is expected to reduce India’s dependence on foreign fashion forecasting agencies and promote indigenous fashion and design globally.
About ‘Paridhi 24×25’
- The Paridhi 24×25 report will be available on the VisioNxt portal in Englishand Hindi.
- The Paridhi 24×25 report will provide the fashion trend and forecast for the fashion industry under VisioNxt to the country’s weavers, manufacturers, retailers, domestic businesses, designers, and fashion brands.
National Institute of Fashion Technology
- The National Institute of Technology is a premier institute in the field of fashion, providing training to fashion designers in the country.
- It was established in 1986 and made a statutory body by the National Institute of Fashion Technology Act of 2006.
- Its main campus is in New Delhi, and it has campuses across the country
- It is under the administrative control of the Ministry of Textile, Government of India.
CURRENT AFFAIRS : INTERNATIONAL NEWS
External Affairs Minister S. Jaishankar to Participate in Inaugural India-Gulf Cooperation Council Foreign Ministers’ Meeting in Riyadh
- External Affairs Minister Jaishankar attended the first India-Gulf Cooperation Council (GCC) Foreign Ministers’ Meeting in Riyadh on September 08 & 09, 2024 to strengthen ties between India and the Gulf nations.
- The meeting will focus on enhancing cooperation in various sectors, including trade, investment, and energy.
Key Highlights :
- India-GCC Trade:The total trade volume between India and GCC countries stood at USD 184.46 billion in FY 2022-23, highlighting the economic significance of the partnership.
- Indian Expatriates:The GCC region is home to approximately 8.9 million Indian expatriates, making the engagement crucial for India’s foreign policy and diaspora interests.
- Bilateral Meetings:Jaishankar is expected to hold bilateral meetings with foreign ministers from several GCC member countries during his visit.
- Minister’s Tour:Jaishankar’s visit to Riyadh is part of his three-nation tour, which includes stops in Germany and Switzerland.
About GCC :
- Established in 1981, the GCC promotes economic, security, cultural and social cooperation between the six states.
- The GCC is an influential grouping comprising the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait.
- It holds a summit every year to discuss cooperation and regional affairs.
CURRENT AFFAIRS : STATE NEWS
United Nations World Food Programme and Odisha Government Introduce India’s First ‘Grain ATM’ to Enhance Food Security
- The United Nations World Food Programme (WFP) and the Government of Odisha launched India’s first around-the-clock grain dispensing machine, the ‘Grain ATM,’ also known as ‘Annapurti’ (Hindi for fulfiller of food), in the state capital Bhubaneswar.
- The machine was inaugurated by Krushna Chandra Patra, Odisha Minister of Food Supplies, Consumer Welfare, Science and Technology, with Nozomi Hashimoto, Deputy Country Director for WFP in India, present.
- Odisha is the first state in India to provide round-the-clock access to the PDS, enhancing convenience and efficiency.
Key Highlights :
- Operational Features: The ‘Grain ATM’ operates 24 hours a day, allowing beneficiaries to access public distribution system (PDS) grains at any time.
- It can dispense up to 50 kilograms of grain within five minutes, reducing waiting times by 70%.
- Impact on Food Security: The initiative is part of efforts to strengthen nutritional security under the National Food Security Act (NFSA).
- National Food Security Act (NFSA): Under NFSA, the Centre provides free food grains to 813.5 million beneficiaries, focusing on the most vulnerable 67% of India’s population.
- The scheme aims to ensure food security and improve access to essential grains for the needy.
About World Food Programme :
- Established : 19 December 1961
- Headquarters : Rome, Italy
- Executive Director : Cindy McCain
- WFP is an international organisation within the United Nations that provides food assistance worldwide.
- It is the world’s largest humanitarian organization and the leading provider of school meals.
CURRENT AFFAIRS: BUSINESS & ECONOMY
Swiggy partners with the Indian government to offer skilling and employment opportunities
- Swiggy, India’s leading on-demand convenience platform, has partnered with the Ministry of Skill Development and Entrepreneurship (MSDE) to launch “Swiggy Skills.”
- The initiative aims to provide skilling and employment opportunities within Swiggy’s expansive food delivery and quick commerce network.
- “Swiggy Skills” was formally launched by Shri Jayant Chaudhary, Hon’ble Minister of State (Independent Charge), Ministry of Skill Development and Entrepreneurship, and Minister of State for Education.
Key Focus Areas of “Swiggy Skills”
- Digital Skill Development:
- Integration with MSDE’s Skill India Digital Hub (SIDH) to offer online courses, certifications, and training modules for Swiggy’s delivery partners and restaurant staff.
- Connecting Trained Youth with Opportunities:
- Facilitating job placements for individuals trained under MSDE’s programs in operational roles across retail, logistics, and F&B sectors within Swiggy’s ecosystem.
- Direct Recruitment for Swiggy Instamart:
- Recruiting 3,000 individuals across India for various roles in Swiggy’s quick commerce operations.
- Advanced Training and Internships:
- Providing training and internships to 200 MSDE-trained individuals in senior-level quick commerce operations.
- Utilizing Swiggy’s expertise to create training modules on emerging technologies and industry trends.
Significance of the Partnership
- Addressing the Skills Gap: “Swiggy Skills” aims to bridge the skills gap in India’s rapidly growing food and retail sectors by equipping individuals with relevant skills.
- Boosting the Digital Economy: The collaboration represents a proactive effort to prepare a skilled workforce capable of thriving in India’s evolving digital economy.
CURRENT AFFAIRS: AWARDS & HONOURS
Union Environment Minister Bhupender Yadav and Chief Minister of Rajasthan Bhajan Lal Sharma presented the Swachh Vayu Survekshan Award, 2024
- The International Day of Clean Air for Blue Skies, also known as Swachh Vayu Diwas, was observed on September 7, 2024, in
- Host: Rajasthan State Pollution Control Board
Dignitaries Present:
- Union Minister of Environment, Forest & Climate Change, Shri Bhupender Yadav
- Chief Minister of Rajasthan, Shri Bhajan Lal Sharma
- Minister of State for Forest, Environment & Climate Change, Shri Sanjay Sharma
- Union Minister of State Urban Development and Local Self Government, Shri Jhabar Singh Kharra
Key Highlights of the Event
- Display of NCAP Program Video:
- A video showcased the National Clean Air Program (NCAP), contributions from various agencies, and improvements in air quality across 131 NCAP cities.
- Progress Report:
- Positive results were observed in 95 cities with declining air pollution trends.
- 51 cities reduced PM10 levels by over 20% compared to the base year 2017-18.
- 21 cities achieved a reduction of more than 40%.
- Release of Compendium and Plantation Drive:
- Compendium Release: “Compendium on Viable Technologies and Practices: Lessons from NCAP Cities” was unveiled, highlighting city-specific initiatives to improve air quality.
- Sapling Plantation: 100 saplings were planted under the “Ek Ped Maa ke Naam” campaign at ‘Matri Van’, Jaipur Exhibition and Convention Centre.
Swachh Vayu Survekshan Awards
- Award Categories and Winners:
- Category-1 (Population over 10 Lakhs): Surat, Jabalpur, and Agra.
- Category-2 (Population between 3 and 10 Lakhs): Firozabad, Amravati, and Jhansi.
- Category-3 (Population under 3 Lakhs): Raebareli, Nalgonda, and Nalagarh.
- Recognition: Municipal Commissioners of the winning cities received cash prizes, trophies, and certificates.
CURRENT AFFAIRS: RANKING & INDEX
From Anil Kapoor to Ashwini Vaishnaw: Indians shine in TIME100 most influential people in AI 2024
Featured Indians on the List
TIME magazine’s prestigious list of the 100 “Most Influential People in AI 2024,” released, includes 15 prominent Indian or Indian-origin individuals. Key names featured are:
- Ashwini Vaishnaw: Union Information Technology Minister of India.
- Nandan Nilekani: Co-founder of Infosys.
- Anil Kapoor: Renowned Indian actor.
- Sundar Pichai: CEO of Google.
- Satya Nadella: CEO of Microsoft.
Anil Kapoor’s Fight Against AI Misuse
- Recognition: At age 67, Anil Kapoor made the list after winning a landmark legal battle in September 2023 against unauthorized use of his likeness in AI-generated videos, GIFs, and emojis.
- Impact: Kapoor’s victory emphasizes his stance on digital rights and showcases his efforts to combat the misuse of AI technologies.
Ashwini Vaishnaw’s Ambitions in Semiconductor Manufacturing
- Role and Vision: The 54-year-old Union IT Minister has been recognized for his ambitious plans to boost India’s semiconductor manufacturing sector.
- Goals: Under Vaishnaw’s leadership, India aims to be among the top five countries in semiconductor production within five years.
- Challenges:
- Limited private R&D investment.
- The need to develop advanced manufacturing ecosystems.
- Building a specialized workforce through the Indian education system to support AI and semiconductor advancements.
Nandan Nilekani’s Impact on Digital Infrastructure
- Achievements: Nandan Nilekani, 69, co-founder of Infosys and EkStep, is celebrated for revolutionizing India’s digital landscape.
- Notable Contributions:
- Led the Aadhaar program, the world’s largest biometric identity system.
- Instrumental in reducing welfare fraud and improving tax collection.
- Recognition: TIME likens Nilekani to “India’s Bill Gates” for his transformative work in building digital infrastructure.
Other Indian AI Leaders on the TIME100 AI List
The list also features several other Indian and Indian-origin leaders, including:
- Rohit Prasad: Head of Amazon’s Alexa.
- Shiv Rao: CEO of Abridge.
- Anant Vijay Singh: Co-founder of Proton.
- Vinod Khosla: Founder of Khosla Ventures.
Prominent women in AI recognized for their impactful work include:
- Amba Kak: Director of AI Now Institute.
- Arati Prabhakar: Director of the US Office of Science and Technology Policy.
These leaders have been acknowledged for their substantial contributions to AI and its evolving landscape.
CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS
Algerian President Tebboune Re-elected for Second Term with 95% of the Vote
- Algeria’s incumbent President Abdelmadjid Tebboune has been re-elected with almost 95% of the vote.
- More than 5.3 million people voted for Tebboune.
- Official preliminary results gave Tebboune 95% of the vote, enough to avoid a second round run-off, with Abdelaali Hassani Cherif getting 3% and Youcef Aouchiche 2%.
- Turnout was 48%.
- Tebboune, backed by the military, was facing only nominal opposition from Hassani Cherif, a moderate Islamist, and Aouchiche, a moderate secularist.
About Algeria :
- Prime Minister : Nadir Larbaoui
- Capital : Algiers
- Currency : Algerian dinar
- Algeria is Africa’s largest country by area and, with almost 45 million people, it’s the continent’s second most populous after South Africa to hold presidential elections in 2024.
Former Election Commissioner,Arun Goel Appointed as India’s New Ambassador to Croatia
- Arun Goel has been appointed as India’s next ambassador to Croatia, according to the Ministry of External Affairs.
About Arun Goel :
- Arun Goel is a retired bureaucrat who previously served as the Election Commissioner of India.
- He was appointed as Election Commissioner in November 2022 and resigned in March 2024.
- Before his role as EC, he retired voluntarily from the Indian Administrative Service (IAS) as a 1985-batch officer of the Punjab cadre.
Diplomatic Relations:
- Diplomatic relations between India and Croatia were established on July 9, 1992, following Croatia’s independence from Yugoslavia.
- Croatia is represented in India through its embassy in New Delhi and consulates in Mumbai and Kolkata.
- India and Croatia had the 11th session of Foreign Office Consultations in Delhi in April, 2024.
About Croatia :
- President : Zoran Milanović
- Prime Minister : Andrej Plenković
- Capital : Zagreb
- Currency : Euro
CURRENT AFFAIRS : SCIENCE & TECHNOLOGY
IndiGo Airlines Becomes 1st Indian Carrier to Implement Required Navigation Performance Authorisation Required Flight Procedure for Safer Landings at Kathmandu’s Tribhuvan International Airport
- IndiGo Airlines has become the first Indian carrier to adopt the Required Navigation Performance Authorisation Required (RNP AR) flight procedure for operations in Kathmandu, which enables safer and more efficient landings at the Tribhuvan International Airport, which is nestled in a valley surrounded by the Himalayas.
- Purpose and Benefits:The RNP AR technology enhances safety and efficiency during landings at airports with challenging geographical conditions, such as Tribhuvan International Airport.
Key Highlights :
- Geographical Challenges:Tribhuvan International Airport is located in a valley surrounded by the Himalayas at an elevation of 4,390 feet above sea level.
- The airport features a table-top runway and narrow passes, requiring extra caution from pilots during take-off and landing.
- Safety Improvements:The RNP AR system provides improved safety assurance compared to traditional flight approaches, which have been used for a long time but are less suited for high-altitude and complex terrain.
- Operational Considerations:The challenging terrain and elevation of the airport necessitate precise navigation to avoid errors, making the adoption of advanced procedures like RNP AR critical for safe operations.
About Indigo :
- Founded : 2006
- Headquarters : Gurgaon, Haryana, India
- Managing Director : Rahul Bhatia
CURRENT AFFAIRS: SPORTS NEWS
England all-rounder Moeen Ali retires from international cricket
- Moeen Ali, at 37 years old, decided to retire from international cricket after recognizing that he was no longer in consideration for England’s future assignments.
- He felt it was time for the next generation to take over and acknowledged the team’s need to rebuild ahead of upcoming tournaments like the ICC Champions Trophy 2025 and the ICC Men’s T20 World Cup 2026.
Career Highlights
- International Debut: Moeen Ali made his international debut in 2014 against the West Indies.
- Batting and Bowling Achievements:
- Scored 6,678 international runs.
- Took 366 wickets across all formats.
- World Cup Victories:
- Contributed to England’s victories in the 2019 Cricket World Cup and the 2022 T20 World Cup.
Bowling Milestones
- Moeen Ali transitioned from being primarily a batsman to becoming England’s leading bowler in Test cricket.
- He finished his Test career with 204 wickets, placing him third among England’s all-time leading spinners, behind Derek Underwood (297) and Graeme Swann (255).
Legacy
- Moeen Ali leaves behind a remarkable legacy as a versatile all-rounder for England, known for his contributions in both batting and bowling.
- His decade-long career helped shape some of England’s most successful moments in international cricket.
Paris Paralympics 2024 takeaways: India’s historic run of 29 medals
Medal Haul and Key Takeaways
- India achieved its best-ever performance at the Paralympics, winning a total of 29 medals (7 gold, 9 silver, and 13 bronze).
- The tally of 29 medals and 7 gold medals set new records for India, surpassing the previous best of 19 medals and 5 golds from the Tokyo 2020
- India finished 18th on the medal table, an improvement from 24th place in
Women’s Contributions
- Indian women athletes made significant contributions, winning 11 medals (including one in mixed team events). This marked a substantial increase compared to previous Games.
- Notable performers included:
- Preethi Pal: Double medallist with bronze in the 100m and 200m T35 events.
- Deepthi Jeevanji and Simran: Bronze medalists in 400m T20 and 200m T12, respectively.
- Other key athletes: Avani Lekhara, Sheetal Devi, Thulasimathi Murugesan, Manisha Ramadass, Nithya Sre Sumathy Sivan, Rubina Francis, and Mona Agarwal excelled in shooting, archery, and badminton.
Historic Achievements
- First Medals in Track Events: India won its first-ever Paralympic medals in sprint events, with Preethi Pal, Deepthi Jeevanji, and Simran making history.
- New Champions and Sports: Kapil Parmar won bronze in blind judo, adding a new sport to India’s Paralympic achievements.
- First Gold in Archery: Harvinder Singh secured India’s first gold medal in archery, setting a benchmark for future competitions.
Medal Tally:
Top 10 countries:
Goa Challengers defends UTT title in style
Historic Moment in Ultimate Table Tennis
- Date and Venue: The final took place on September 7, 2024, at the Jawaharlal Nehru Indoor Stadium.
- Significance: It was the first time in the league’s history that a team was set to become a two-time champion, regardless of the final’s outcome.
- Outcome: Goa Challengers defended their title with an emphatic 8-2 win over Dabang Delhi TTC.
Key Matches and Performances
- Captains’ Clash:
- Players: G. Sathiyan (Dabang Delhi TTC) vs. Harmeet Desai (Goa Challengers).
- Match Highlights: Sathiyan started strong, riding on crowd support with precise short serves and returns. However, Harmeet quickly regained his form, using powerful forehand top spins and signature flicks to secure an early lead for Goa.
- Yangzi Liu’s Pivotal Role:
- Players: Yangzi Liu (Goa Challengers) vs. Orawan Paranang (Dabang Delhi TTC).
- Match Highlights:
- Yangzi Liu swept all three games against southpaw Orawan Paranang, crucial in Delhi’s semifinal win.
- Despite pushing the second game to a golden point, Paranang made a critical backhand error, conceding the game to Yangzi, who effectively used her soft-pimpled backhand rubber.
- Mixed Doubles and Closing Matches:
- Mixed Doubles: Harmeet Desai and Yangzi Liu won two out of three games, further solidifying Goa’s lead.
- Final Game: Mihai Bobocica (Goa Challengers) secured the final win by taking the first game against Andreas Levenko, clinching the championship for Goa.
Jannik Sinner beats Taylor Fritz to win U.S. Open
- Jannik Sinner (Italy) defeated American Taylor Fritz to win U.S Open
- Jannik Sinner becomes the first Italian man to win the U.S. Open and claims his second Grand Slam title after winning the Australian Open earlier this year.
Key Highlights:
- Dominant Performance: Sinner delivered a powerful display from the baseline, controlling the match with his aggressive style.
- Controversy: At the tournament’s start, Sinner faced scrutiny after testing positive twice for an anabolic agent in March. However, he avoided a ban as an independent tribunal ruled the results were due to unintentional contamination.
- Comeback Moments: Despite early nerves and a 23-shot rally that saved a break point for Fritz in the fifth game, Sinner found his rhythm:
- First Set: Broke Fritz twice, winning 6-3.
- Second Set: Maintained momentum and capitalized on break opportunities, winning 6-4.
- Third Set: Despite Fritz breaking back, Sinner ultimately prevailed by breaking Fritz again to secure the title.
Fritz’s Performance:
- Early Struggles: Started with an unforced error leading to a break in the first game.
- Fighting Back: Broke Sinner in the fourth game and put up resistance throughout the match.
- Challenges: Lost crucial points, including hitting a volley into the net and dropping serve in the tenth game of the final set.
CURRENT AFFAIRS: IMPORTANT DAYS
World Suicide Prevention Day: 10 September
Background
- World Suicide Prevention Day (WSPD): Observed annually on September 10 since 2003, WSPD was established by the International Association for Suicide Prevention (IASP) in collaboration with the World Health Organization (WHO).
- Purpose: To focus global attention on the issue of suicide, reduce stigma, and raise awareness among organizations, governments, and the public about suicide prevention.
Current Global Context
- Public Health Challenge: Suicide is a significant public health issue, with over 700,000 deaths worldwide each year.
- Impact: Each suicide profoundly affects individuals, families, and communities, with wide-reaching social, emotional, and economic consequences.
Theme for 2024-2026: “Changing the Narrative on Suicide”
- Call to Action: “Start the Conversation”
- Objective: To raise awareness about the importance of reducing stigma and encouraging open conversations around suicide prevention.
- Focus: Transforming societal perceptions of suicide from silence and stigma to openness, understanding, and support.
Daily CA on Sep 10 :
- South Indian Bank and Sohan Lal Commodity Management (SLCM) have announced a collaboration to deliver “Unified Collateral Management Solutions,” aimed at supporting farmers and other stakeholders within the agricultural ecosystem.
- The Indian rupee was the second-worst-performing Asian currency in August 2024 after the Bangladeshi taka due to strong dollar demand and outflows from domestic equities.
- The World Bank, urged India to re-evaluate its regional integration strategy, including its decision not to join the Regional Comprehensive Economic Partnership (RCEP), as part of its plan to achieve the $1 trillion export target by 2030.
- Unified Payments Interface (UPI), which has emerged as the world’s most popular alternative payments method (APM), processed transactions to the tune of ₹80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37% year-on-year (y-o-y) surge compared to the same timeframe the previous year.
- Tata AIA Life Insurance Company Limited, one of India’s leading life insurance agencies, has launched its offshore branch at Gujarat International Finance Tech-City (GIFT City), India’s first International Financial Services Centre (IFSC).
- Mastercard has announced the worldwide launch of its new Payment Passkey Service to enhance the security and convenience of online shopping.
- POP, a fintech enabler for direct-to-consumer brands started by former Flipkart employees, has introduced India’s first multi-brand co-branded credit card developed in collaboration with RuPay and Yes Bank.
- External Affairs Minister Jaishankar attended the first India-Gulf Cooperation Council (GCC) Foreign Ministers’ Meeting in Riyadh on September 08 & 09, 2024 to strengthen ties between India and the Gulf nations.
- The United Nations World Food Programme (WFP) and the Government of Odisha launched India’s first around-the-clock grain dispensing machine, the ‘Grain ATM,’ also known as ‘Annapurti’ (Hindi for fulfiller of food), in the state capital Bhubaneswar.
- Algeria’s incumbent President Abdelmadjid Tebboune has been re-elected with almost 95% of the vote.
- Arun Goel has been appointed as India’s next ambassador to Croatia, according to the Ministry of External Affairs.
- IndiGo Airlines has become the first Indian carrier to adopt the Required Navigation Performance Authorisation Required (RNP AR) flight procedure for operations in Kathmandu, which enables safer and more efficient landings at the Tribhuvan International Airport, which is nestled in a valley surrounded by the Himalayas.
- Union Home Minister and Minister of Cooperation, Shri Amit Shah, presided over a significant event in Mumbai, Maharashtra, marking the release of the ‘200 Not Out’ documentary chronicling the illustrious journey of Mumbai Samachar, Asia’s oldest newspaper.
- The Union Ministry of Textiles has launched the VisioNxt web portalto establish India as a global fashion leader.
- Swiggy, India’s leading on-demand convenience platform, has partnered with the Ministry of Skill Development and Entrepreneurship (MSDE) to launch “Swiggy Skills.”
- Union Environment Minister Bhupender Yadav and Chief Minister of Rajasthan Bhajan Lal Sharma presented the Swachh Vayu Survekshan Award, 2024
- TIME magazine’s prestigious list of the 100 “Most Influential People in AI 2024,” released, includes 15 prominent Indian or Indian-origin individuals.
- Moeen Ali, at 37 years old, decided to retire from international cricket after recognizing that he was no longer in consideration for England’s future assignments.
- India achieved its best-ever performance at the Paralympics, winning a total of 29 medals (7 gold, 9 silver, and 13 bronze).
- Goa Challengers defended their title with an emphatic 8-2 win over Dabang Delhi TTC. It was the first time in the league’s history that a team was set to become a two-time champion, regardless of the final’s outcome.
- Jannik Sinner becomes the first Italian man to win the U.S. Open and claims his second Grand Slam title after winning the Australian Open earlier this year.
- World Suicide Prevention Day (WSPD): Observed annually on September 10 since 2003, WSPD was established by the International Association for Suicide Prevention (IASP) in collaboration with the World Health Organization (WHO).
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