Daily Current Affairs August 04 2023 | Latest News | Download PDF

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CURRENT AFFAIRS : BANKING & FINANCE

Fintech company CRED launched RuPay credit card-based UPI payments                               

• Fintech firm CRED in collaboration with the National Payments Corporation of India (NPCI), introduced RuPay credit card-based Unified Payments Interface (UPI) payments for its members.
• CRED supports RuPay credit cards issued by banks including HDFC Bank, ICICI Bank, Yes Bank, Axis Bank, BOB Financial Solutions, Canara Bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank, and Union Bank.

Key Highlights :

• The launch of credit-on-UPI will empower CRED’s members to utilise their RuPay credit cards for making payments via UPI.
• Users can pay businesses or merchants by scanning any UPI QR code, using their RuPay credit card linked to their UPI.
• This integration enables members to complete transactions swiftly and securely with a simple scan using their linked RuPay credit card.

Features :

• Increased use of credit cards: Enables use of credit cards for UPI transactions, offering use of credit to handle their expenses and extending the life of money in their bank accounts.
• Convenient: Eliminates the need to carry physical cards, enabling seamless payments using saved cards and convenience of tracking and clearing bills right on the CRED app.
• Rewarding: Making UPI transactions via credit cards allows customers to earn more rewards – on their credit cards and on CRED.

About CRED :

• Founded : 2018
• Headquarters : Bangalore, Karnataka
• CEO : Kunal Shah

International Monetary Fund raises India’s FY24 GDP growth forecast by 20 basis points to 6.1%

• The International Monetary Fund (IMF) has raised India’s GDP growth forecast for the financial year 2023-24 (FY24) by 20 basis points to 6.1% from earlier 5.9% after the country’s stronger-than-expected growth in the fourth quarter of 2022.
• The IMF has also revised the upward growth forecast for the global economy by 20 basis points for 2023 to 3%.

Key Highlights :

• India’s economic growth increased by 6.1% in the March quarter of FY23.
• In June 2023, the Organization for Economic Co-operation and Development (OECD) revised upward its forecast to 6% for FY24.
• RBI expects the Indian economy to expand at 6.5% in FY24.
• IMF has forecasted inflation of 4.9% for FY24.
• The IMF also revised upward its growth forecasts for the US by 20 basis points and for the UK by 70 basis points.
• The IMF stated that world trade growth will decline from 5.2% in 2022 to 2% in 2023.
• It will then rise to 3.7% in 2024.
• It will remain below the 2000-19 average of 4.9%.
• Deloitte India has forecasted India’s GDP is likely to grow 6-6.3% in FY24.

About IMF :

• Headquarters : Washington, D.C., United States
• Managing Director : Kristalina Georgieva
• Membership : 190 countries (189 UN countries and Kosovo)

CURRENT AFFAIRS: NATIONAL NEWS

Union Government to launch e-CARe portal tomorrow to facilitate the transfer of mortal remains of Indians who die abroad

• The Union Government will launch the e-CARe (e-Clearance for Afterlife Remains) portal to facilitate the swift transfer of mortal remains of Indians who die abroad.
• Union Health Minister Mansukh Mandaviya said, the portal is being introduced to avoid delay during the transportation of the deceased human remains across international borders.
• He said, through this portal intimation will be sent through email, SMS, and WhatsApp to the Central International Health Division, Nodal Officer, Consignees, and the Airlines.
• The designated nodal officer will scrutinise and get approval within 48 hours.
• The application status can be viewed in the e-CARe portal through the registration number.

Recent News

• The government will launch a special commemorative coin of Rs 75 to mark the opening of the new Parliament building.
• The union government has decided to bring the National Research Foundation (NRF) Bill, 2023 to strengthen the research ecosystem in the country.
• The Government has decided to waive off Inter-State Transmission Charges (ISTS) for Off-Shore Wind Projects.
• The government has extended the waiver to Green Hydrogen and Green Ammonia.

President Of India Inaugurates ‘Unmesha’ And ‘Utkarsh’ Festivals In Bhopal

• The President of India, Smt Droupadi Murmu inaugurated ‘Unmesha’ – International Literature Festival and ‘Utkarsh’ – Festival of Folk and Tribal Performing Arts at Bhopal, Madhya Pradesh.
• President said that literature connects with people and also connects people with each other. She stated that only those literature and arts are meaningful and were created and presented by rising above ‘I’ and ‘mine’. She added that the translation of major works of all Indian languages ​​into other languages ​​would further enrich Indian literature.
• The President said that literature has shown a mirror to humanity, saved it and also taken it forward. Literature and art have preserved sensitivity and compassion, that is, have preserved the humanity of humans. Writers and artists are entitled to admiration for being participants in this most sacred campaign for the protection of humanity.

About MP :

• Governor: Mangubhai C. Patel
• Chief Minister: Shivraj Singh Chouhan
• Capital: Bhopal
• National Park: Satpura National Park, Kanha National Park, Bandhavgarh National Park
• Wildlife Sanctuary: Nauradehi Wildlife Sanctuary, Bori Wildlife Sanctuary

Recent News

• The Prime Minister, Shri Narendra Modi launched the National Sickle Cell Anaemia Elimination Mission in Shahdol, Madhya Pradesh and distributed sickle cell genetic status cards to the beneficiaries.
• The 5th Helicopter & Small Aircraft Summit is to be jointly organised by the Ministry of Civil Aviation, Government of Madhya Pradesh, Pawan Hans Ltd. and the Federation of Indian Chambers of Commerce and Industry (FICCI) 2023 in Khajuraho, Madhya Pradesh.
• Shri Jyotiraditya M Scindia, Minister of Civil Aviation and Steel inaugurated Heli Summit 2023 in Khajuraho, Madhya Pradesh.
• Shri Jyotiraditya M Scindia, Minister for Civil Aviation and Steel inaugurated three Flight Training Organizations (FTO) in Khajuraho, Madhya Pradesh.

Shri Dharmendra Pradhan and Shri S. Jaishankar jointly launched Study in India (SII) Portal in New Delhi

• The Union Education and Skill Development & Entrepreneurship Minister Shri Dharmendra Pradhan and Union External Affairs Minister Dr S. Jaishankar jointly launched Study in India Portal in New Delhi.
• Minister of State for Education Dr Subhas Sarkar; Minister of State for Education, Smt Annapurna Devi; Minister of State for Education and External Affairs Shri Rajkumar Singh; Member of Parliament, Dr Mahesh Sharma; senior officials of Ministry of Education and Skill Development and Ambassadors of more than 10 countries attended the event.
• On the occasion, students from Russia, Thailand, Japan, Ethiopia, Ecuador, Kazakhstan and the Republic of Korea who are currently studying in India, presented souvenirs from their culture as a token of respect to dignitaries.
• The website will illustrate academic programs covering but not limited to undergraduate (UG), postgraduate (PG), and Doctoral level programs as well as courses in Indian Knowledge System like Yoga, Ayurveda, classical arts etc.
• The website portal will present information about the academic facilities, research support, and related information.
• The new website will now have the provision for students to apply to more than one institute/course of their choice.
• The new portal will provide an integrated one-stop solution for the student registration and visa application process.

Recent News

• Union Minister of Education and Skill Development and Entrepreneurship Shri Dharmendra Pradhan flagged off Gabon’s first Agri- SEZ project from New Delhi.
• Education and Skill Development Minister Dharmendra Pradhan launched AI for India 2.0, a free online training programme on Artificial Intelligence, on the occasion of World Youth Skills Day.

NHAI Launches ‘Rajmargyatra’ a Unified Mobile Application for National Highway Users

• The National Highways Authority of India (NHAI) takes a significant stride towards improving the highway user experience with the launch of ‘Rajmargyatra,’ a citizen-centric unified mobile application.
• This user-friendly app is now available for download on both Google Play Store and iOS App Store, empowering travellers with comprehensive information on Indian National Highways while also offering an efficient complaint redressal system.
• The app is currently available in Hindi and English.

Key Features of ‘Rajmargyatra’ App:

1. Comprehensive Highway Information: ‘Rajmargyatra’ serves as a one-stop repository of essential information for National Highway users. Get real-time weather conditions, timely broadcast notifications, and access to details about nearby toll plazas, petrol pumps, hospitals, hotels, and other essential services that ensure a seamless and safe journey on National Highways.
2. Hassle-Free Complaint Redressal: The app comes equipped with an inbuilt complaint redressal and escalation mechanism. Users can easily report highway-related issues, by attaching geo-tagged videos or photos for better clarity. The registered complaints will be handled in a time-bound manner, with system-generated escalations to higher authorities in case of any delays. Users can also track the status of their grievances for complete transparency.
3. Seamless FASTag Services: ‘Rajmargyatra’ integrates its services with various bank portals, making it convenient for users to recharge their FASTags, avail of monthly passes, and access other FASTag-related banking services – all within a single platform.
4. Over-speeding notifications and voice assistance to encourage responsible and safe driving behaviour.

Union Minister of Steel Shri Jyotiraditya M. Scindia unveils the new logo of NMDC

• Union Minister of Steel and Civil Aviation Jyotiraditya M. Scindia unveiled the new logo of NMDC in New Delhi.
• Nagendra Nath Sinha, Secretary, Ministry of Steel, Sh. Amitava Mukherjee, CMD, NMDC and other officials of the Ministry of Steel and NMDC were also present.
• The Minister congratulated Team NMDC on their dynamic new logo and added that the unveiling of the logo is a seminal part of the journey of any organization, symbolizing its values and goals.
• The Union Minister said that NMDC’s new logo represents how India’s largest producer of iron ore, is all set for mining at a global scale in a sustainable and green environment.
• This logo communicates the responsibilities of NMDC towards mining in harmony with nature and people, towards ensuring mineral security & building mineral accountability, and towards infusing self-reliance in our sector.
• India’s position in the world has seen a transformation from a developing nation to a developed one due to the herculean efforts of the Prime Minister of India. India’s position has also improved from being a follower to that of a leader

Recent News

• Shri Jyotiraditya M Scindia, Minister of Civil Aviation and Steel inaugurated Heli Summit 2023 in Khajuraho, Madhya Pradesh.
• Shri Jyotiraditya M Scindia, Minister for Civil Aviation and Steel inaugurated three Flight Training Organizations (FTO) in Khajuraho, Madhya Pradesh.

CURRENT AFFAIRS: BUSINESS NEWS

MOIL achieves record-breaking production and sales in July 2023

• MOIL Limited, the largest producer of manganese ore in India, has recorded its best-ever performance for the month of July since its inception.
• The company produced 1.20 lakh tonnes of manganese ore in July 2023, registering a remarkable growth of 71% compared to the same period last year.
• This is the highest-ever July production achieved by MOIL in its history.
• MOIL Limited has also recorded its best-ever sales of 0.94 lakh tonnes in July 2023, witnessing an impressive growth of 69% over the corresponding period last year.
• The sales performance reflects the strong demand for manganese ore in the domestic and international markets.

28 % GST on online gaming & casinos to be effective from October 1, 2023

• Finance Minister Smt. Nirmala Sitharaman has said, 28 per cent GST on casinos and online gaming will be levied on the face value.
• Addressing media after the 51st GST Council Meeting in New Delhi
• The 28 per cent GST on online gaming and casinos is expected to be implemented from the 1st of October,2023.
• GST Council in its last meeting had recommended that the law may be amended in this regard to provide clarity in the matter. It recommended certain amendments in the CGST Act 2017 and IGST Act 2017 to provide clarity on the taxation of supplies in casinos, horse racing, and online gaming.

Recent News

• Finance Minister recently chaired the 27th meeting of the Financial Stability and Development Council (FSDC).
• The 164th anniversary of Income Tax Day was observed by the Central Board of Direct Taxes (CBDT) and all its field offices across India.
• The Union Minister of Finance and Corporate Affairs Nirmala Sitharaman inaugurated the 3rd Edition of the Summit on “Global Chemicals and Petrochemicals Manufacturing Hubs in India” (GCPMH 2023) in New Delhi.
• The Union Finance Minister Smt Nirmala Sitharaman announced that India and the Organisation for Economic Cooperation and Development (OECD) are launching a pilot programme on tax and financial crime investigation for South Asia from July 18, 2023.
• Union Minister of Finance and Corporate Affairs Nirmala Sitharaman inaugurated the Corporate Debt Market Development Fund (CDMDF) and initiated the muhurat trading on Limited Purpose Clearing Corporation mechanism called AMC Repo Clearing Limited (ARCL), in Mumbai.

About Goods and Services Tax (GST):

• The goods and services tax (GST) is a tax on goods and services sold domestically for consumption.
• The tax is included in the final price and paid by consumers at the point of sale and passed to the government by the seller.
• The GST is usually taxed as a single rate across a nation.
• The GST was launched on 1 July 2017 by the President of India and the Government of India.

CURRENT AFFAIRS : APPOINTMENTS & RESIGNATIONS

Indian-American Shohini Sinha Appointed as FBI’s Special Agent In Charge Salt Lake City

• Indian-American Shohini Sinha has been appointed as the Federal Bureau of Investigation (FBI) special agent in charge of the Salt Lake City Field Office in Utah state, United States (US) by FBI Director Christopher Wray.
• She becomes the fortieth sovereign to undergo the prestigious coronation ceremony at the renowned Westminster Abbey.

About Shohini Sinha :

• Sinha worked as a therapist and later as an administrator for a private, not-for-profit clinic in Lafayette, Indiana.
• She joined the FBI as a special agent in 2001.
• She was first assigned to the Milwaukee Field Office, where she worked in counterterrorism investigations.
• In recognition of her outstanding performance, she earned a promotion to supervisory special agent in 2009 and was transferred to the Counterterrorism Division in Washington, DC.
• Recently, she served as executive special assistant to the Director at FBI Headquarters in Washington DC

About FBI :

• Headquarters : Washington, D.C., United States
• The FBI is the domestic intelligence and security service of the United States and its principal federal law enforcement agency.

MFIN elects Udaya Kumar Hebbar as chairperson, Manoj Nambiar as Vice-Chairperson

• Microfinance Industry Network (MFIN), the premier association and RBI-recognised Self-Regulatory Organization (SRO) for the microfinance industry elected Udaya Kumar Hebbar as Chairperson and Manoj Kumar Nambiar as the Vice Chairperson of the organisation in its 14th Annual General Meeting (AGM) in Delhi.
• Hebbar took the reins from Devesh Sachdev, Managing Director (MD) & Chief Executive Officer (CEO) of Fusion Micro Finance Ltd while Nambiar from Vivek Tiwari, MD & CEO of Satya MicroCapital Ltd on completion of their respective term.
• Udaya Kumar Hebbar is the MD & CEO of Credit Access Grameen Ltd while Manoj Kumar Nambiar is MD of Arohan Financial Services Ltd.

About MFIN :

• Founded : 2009
• Headquarters : Gurugram, Haryana, India
• CEO & Director : Alok Misra
• MFIN is a premier industry association comprising 55 NBFC-MFIs and 44 Associates including Banks, Small Finance Banks (SFBs) and NBFCs.

CURRENT AFFAIRS : DEFENCE NEWS

Air forces of China & UAE to conduct first joint training exercise Falcon Shield-2023 in August 2023

• The air forces of China and the United Arab Emirates (UAE) will conduct their first joint training exercise FALCON Shield-2023 in China’s Xinjiang in August 2023.

Aim :

• To deepen pragmatic exchanges and cooperation between the two militaries and enhance mutual understanding and trust.
• The exact dates of the training, the size of the contingent, or the scope of the training are not yet known.
• Xinjiang has hosted combined military exercises earlier as well.
• The infantry of China and other members of the Shanghai Cooperation Organisation bloc trained in Korla in 2016.

About China :

• Capital : Beijing
• Currency : Renminbi

About UAE :

• President : Mohamed bin Zayed Al Nahyan
• Prime Minister : Mohammed bin Rashid Al Maktoum
• Capital : Abu Dhabi
• Currency : UAE dirham

Myanmar junta extends state of emergency by another 6 months

• Members of Myanmar’s National Defence and Security Council (NDSC) decided to extend the state of emergency in the country and the term of the junta led by Min Aung Hlaing for another 6 months.
• This step is expected to delay the elections which Junta had pledged to hold by August 2023.
• The decision to extend the state of emergency was announced by acting president Myint Swe.

Key Highlights : ·   

• The state of emergency was announced in February 2021 in Myanmar.
• According to Myanmar’s constitution, an emergency can be announced for 1 year in the beginning and can usually be extended for a maximum of two half-year terms at the discretion of NDSC.
• However, in January 2023, junta chief Min Aung Hlaing announced the emergency for the 3rd time.
• At that time, Junta violated the constitution for the first time.
• This is the 2nd time that the Junta has breached the Constitution regarding the state of emergency.

About military junta :

• A military junta is a government that is led by a committee of military leaders.
• The term junta means “meeting” or “committee”.
• A junta frequently comes to power as a result of a coup, which is an attempt to unseat the incumbent leader.

About Myanmar :

• President : Myint Swe
• Capital : Naypyidaw
• Currency : Kyat

CURRENT AFFAIRS : SCIENCE & TECHNOLOGY

United States to help Australia develop guided missiles by 2025

• The United States (US) will help Australia to produce guided multiple-launch rocket systems by
• Austin and US Secretary of State Antony Blinken are in the Australian state of Queensland for the annual Australia-US ministerial dialogue (AUSMIN), with their Australian counterparts Defence Minister Richard Marles and Foreign Minister Penny Wong.
• It is the first time Australia has hosted the high-level meeting since 2019 due to the COVID-19 disruption.

About United States :

• President : Joe Biden
• Capital : Washington, D.C
• Currency : U.S. dollar

CURRENT AFFAIRS: SPORTS NEWS

7th Men’s Asian Champions Trophy to begin in Chennai: Hockey

• In hockey, the 7th Men’s Asian Champions Trophy will begin in Chennai.
• Six teams – India, Pakistan, South Korea, Japan, China, and Malaysia will vie for glory in the prestigious 10-day tournament.
• Three matches will be played.
• While India will take China, Pakistan will clash with Malaysia.
• South Korea is scheduled to play against Japan

Recent News

• Minister of Youth Affairs and Sports and Minister of Information & Broadcasting, Shri Anurag Thakur unveiled the coveted trophy for Hero Asian Champions Trophy, Chennai 2023at the Major Dhyanchand National Stadium in New Delhi.
• The Odisha government decided to further extend its sponsorship for both the Men and Women’s Indian Hockey Teams (senior and junior) for another ten years from 2023 to 2033.
• At the 13th Hockey India Sub Junior Women National Championship 2023, the Hockey Haryana team was declared the winner.

About FIH :

• Headquarters: Lausanne, Switzerland
• Founded: 7 January 1924, Paris, France
• Membership: 140 national associations

Asia’s oldest football tournament Durand Cup has begun

• Asia’s oldest football tournament Durand Cup has begun
• A total of 43 matches will be played across four venues in Assam and West Bengal, which include Guwahati, Kokrajhar and Kolkata.
• The Durand Cup will feature 24 teams.
• The roster includes teams from the Indian Super League, I-League and the Armed Forces.
• Army teams from Nepal and Bangladesh have also been included this season.

About FIFA:

• The Fédération Internationale de football association is the international governing body of association football, beach soccer, and futsal.
• President: Gianni Infantino,
• Headquarters: Zürich, Switzerland,
• Founded: 21 May 1904.

Recent News

• Indian football team midfielder Lallianzuala Chhangte was named the AIFF Men’s Footballer of the Year for 2022-23 while Manisha Kalyan won her second consecutive Women’s Footballer of the Year award.
• Legendary Mexican goalkeeper Antonio Félix “Tota” Carbajal Rodríguez, the first footballer to play in 5 Fédération Internationale de football association (FIFA) World Cups, passed away at the age of 93 in Leon, Mexico.

Subroto Mukherjee Sports Education Society sign an MoU with AIFF to promote football at the grassroots level

• For the first time, Subroto Mukherjee Sports Education Society (SMSES) today signed MoU with the All India Football Federation (AIFF) to promote football at the grassroots level.
• SMSES, which has been conducting the Subroto Cup International Football Tournament since 1960, will form a Subroto XI (eleven) team under Junior Boys (Under-17) from this edition onwards.
• Addressing media in New Delhi, Air Vice Marshal and SMSES member Alok Sharma announced that the team will also participate in AIFF Youth Competition from the 2023-24 season.
• He said that an education workshop will also be undertaken by AIFF for coaches of final-round teams to update and educate them.
• Clubs from the Indian Super League, Indian Women’s League, and I-League will also pick up players from the Subroto Cup.

About AIFF

• All India Football Federation (AIFF) is headquartered in New Delhi.
• Kalyan Chaubey is the current president of the All India Football Federation

Recent News

• The All India Football Federation has decided to observe 23 June as the ‘AIFF Grassroots Day’ in honour of Indian football icon Pradip Kumar Banerjee.

DD Sports to start State Final Rounds of Fit India Quiz 2022

• DD Sports will start the State Final Rounds of Fit India Quiz 2022.
• Youth Affairs and Sports Ministry said, a total of 36 episodes will be aired, one for each State.
• The episodes will be aired at 11 AM each day, with the Madhya Pradesh finals being scheduled as the first episode.
• The episodes will also be uploaded on Prasar Bharati Sports YouTube Channel.
• A total of four teams from each State competed in the State final rounds of the 2nd edition of the Fit India Quiz.
• The teams that qualified for the State finals were the top-performing teams from the district and zonal rounds.
• Union Minister of Youth Affairs and Sports Anurag Singh Thakur felicitated 72 school students across 36 States and UTs on the 23rd of this month for moving on to the National rounds.
• The winning school from each State and UT received total prize money of 2.5 Lakh rupees.

CURRENT AFFAIRS : OBITUARIES

Top Bollywood art director Nitin Desai Passed away

• Noted Bollywood production designer & renowned art director Nitin Chandrakant Desai has passed away at the age of 58.

About Nitin Chandrakant Desai :

• Desai was born in Mulund, Bombay, Maharashtra on 9 August 1965.
• He began his career as an assistant art director on the television film Tamas (1987).
• He was most known for his work in Marathi and Hindi Films, World Cultural Festival 2016 at Delhi and films like, Hum Dil De Chuke Sanam (1999), Lagaan (2001), Devdas (2002), Jodhaa Akbar (2008) and Prem Ratan Dhan Payo (2015).
• During his career spanning 20 years, he worked with directors like Ashutosh Gowarikar, Vidhu Vinod Chopra, Rajkumar Hirani and Sanjay Leela Bhansali.
• He founded ND Studios, a film and television production facility in Karjat, Maharashtra, and produced the film Desh Devi (2002).

Awards & Honors :

He received National Film Award for Best Art Direction in 4 times:

He received Filmfare Best Art Direction in 3 times :

• In 2016, he was awarded the Padma Shri, the fourth-highest civilian award in India.

Daily CA One-Liner: August 4

• Fintech firm CRED in collaboration with the National Payments Corporation of India (NPCI), introduced RuPay credit card-based Unified Payments Interface (UPI) payments for its members.
• The International Monetary Fund (IMF) has raised India’s GDP growth forecast for the financial year 2023-24 (FY24) by 20 basis points to 6.1% from earlier 5.9% after the country’s stronger-than-expected growth in the fourth quarter of 2022. 

• The Union Government will launch the e-CARe (e-Clearance for Afterlife Remains) portal to facilitate the swift transfer of mortal remains of Indians who die abroad.
• The President of India, Smt Droupadi Murmu inaugurated ‘Unmesha’ – International Literature Festival and ‘Utkarsh’ – Festival of Folk and Tribal Performing Arts at Bhopal, Madhya Pradesh.
• Union Education and Skill Development & Entrepreneurship Minister Shri Dharmendra Pradhan and Union External Affairs Minister Dr S. Jaishankar jointly launched Study in India Portal in New Delhi.
• The National Highways Authority of India (NHAI) takes a significant stride towards improving the highway user experience with the launch of ‘Rajmargyatra,’ a citizen-centric unified mobile application.
• Union Minister of Steel and Civil Aviation Jyotiraditya M. Scindia unveiled the new logo of NMDC in New Delhi.
• MOIL Limited, the largest producer of manganese ore in India, has recorded its best-ever performance for the month of July since its inception.
• Finance Minister Smt. Nirmala Sitharaman has said, 28 per cent GST on casinos and online gaming will be levied on the face value.
• In hockey, the 7th Men’s Asian Champions Trophy will begin in Chennai.
• Asia’s oldest football tournament Durand Cup has begun.
• For the first time, Subroto Mukherjee Sports Education Society (SMSES) signed MoU with the All India Football Federation (AIFF) to promote football at the grassroots level.
• DD Sports will start the air State Final Rounds of Fit India Quiz 2022.
• Indian-American Shohini Sinha has been appointed as the Federal Bureau of Investigation (FBI) special agent in charge of the Salt Lake City Field Office in Utah state, United States (US) by FBI Director Christopher Wray.
• Microfinance Industry Network (MFIN), the premier association and RBI-recognised Self-Regulatory Organization (SRO) for the microfinance industry elected Udaya Kumar Hebbar as Chairperson and Manoj Kumar Nambiar as the Vice Chairperson of the organisation in its 14th Annual General Meeting (AGM) in Delhi.
• The air forces of China and the United Arab Emirates (UAE) will conduct their first joint training exercise FALCON Shield-2023 in China’s Xinjiang in August 2023.
• Members of Myanmar’s National Defence and Security Council (NDSC) decided to extend the state of emergency in the country and the term of the junta led by Min Aung Hlaing for another 6 months.
• The United States (US) will help Australia to produce guided multiple-launch rocket systems by
• Noted Bollywood production designer & renowned art director Nitin Chandrakant Desai has passed away at the age of 58.

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