September 2024 Current Affairs PDF

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Smartkeeda presents Full-Length Current Affairs MockDrill Series September 2024 Daily CA PDF 1 (PDF in English) Click Here to Attempt Mock Test based on this PDF! DOWNLOAD: August 2024 Monthly CA PDF If you find any error in this PDF, kindly report www.smartkeeda.com it to us at [email protected] via email. | testzone.smartkeeda.com https:// /# Page | 3 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  National & States Affairs 1. The Prime Minister of India Narendra Modi participated in ‘Lakhpati Didi Sammelan’ in Jalgaon, Maharashtra. During the event, he handed out certificates and felicitated 11 lakh new Lakhpati Didis who recently became Lakhpati during the 3 rd term of the present government. He also released a ‘Revolving Fund’ of Rs 2,500 crore, benefiting about 48 lakh members of 4.3 lakh Self-Help Groups (SHGs). He also disbursed bank loans of Rs 5,000 crore which will benefit 25.8 lakh members of 2.35 lakh SHGs. Since the inception of the ‘Lakhpati Didi Yojana’, 1 crore women have already been made Lakhpati Didis and the government has set a target of 3 crore Lakhpati Didis. Under the ‘Lakhpati Didi Yojana’, women will be provided skill training so that they can earn over Rs 1 lakh per year. {Read more} Smart Points: ‘Lakhpati Didi Sammelan’ – held in Jalgaon, Maharashtra PM Modi felicitated 11 lakh new Lakhpati Didis who became Lakhpati during 3rd term of present government PM released a ‘Revolving Fund’ of Rs 2,500 Cr, benefiting about 48 lakh members of 4.3 lakh SHGs PM disbursed bank loans of Rs 5,000 Cr to benefit 25.8 lakh members of 2.35 lakh SHGs Since inception of ‘Lakhpati Didi Yojana’, 1 Cr women have already been made Lakhpati Didis | Target – 3 crore Under ‘Lakhpati Didi Yojana’, women will be provided skill training so that they can earn over Rs 1 lakh per year Maharashtra: Capital – Mumbai | CM – Eknath Shinde | Governor – CP Radhakrishnan Banking, Finance, Insurance & Economic Affairs 2. The Department of Economic Affairs, Ministry of Finance, has amended the “Securities Contracts Regulation Rules (SCRR), 1956” to ease the listing requirements for Indian companies seeking to list on international exchanges within International Financial Service Centres (IFSCs) at par with global standards. For public Indian companies desiring to list solely on international exchanges in IFSCs, the minimum offer and allotment to the public as per the offer document shall be at least 10% of the post-issue capital. The continuous listing requirement for such companies has also been set at 10%, as outlined under Rules 19 (2)(b) and 19A of the SCRR. By reducing these thresholds, the amendments in SCRR facilitate easier access to global capital for Indian start-ups and companies in the sunrise and the technology sectors. {Read more} Smart Points: DEA – amended “Securities Contracts Regulation Rules (SCRR), 1956” to ease listing requirements for Indian companies seeking to list on international exchanges within IFSCs at par with global standards Minimum offer & allotment to public as per offer document shall be – at least 10% of post-issue capital Continuous listing requirement – set at 10%, outlined under Rules 19 (2)(b) & 19A of SCRR Minister of Finance: Nirmala Sitharaman | Constituency – Karnataka MoS in Ministry of Finance: Pankaj Chaudhary 3. Razorpay has launched India’s first biometric authentication with Mastercard at the ‘Global Fintech Fest 2024’ in Mumbai, Maharashtra. This OTP-less system, powered by advanced passkey protocols, eliminates the need for memory-dependent authentication. The company is building on its omni-channel strategy with increased offline presence and has doubled down on onboarding new merchants this year to process online payments. {Read more} www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 5 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us Smart Points: Razorpay + Mastercard = launched India’s first biometric authentication at ‘Global Fintech Fest 2024’ in Mumbai Powered by – advanced passkey protocols | It is an OTP-less system to eliminate need for memory-dependent authentication HQs of Razorpay – Bengaluru, Karnataka | CEO – Harshil Mathur | Co-founders – Harshil Mathur & Shashank Kumar HQs of Mastercard – New York, US | CEO – Michael Miebach | Founded in – 1966 4. India’s Gross Domestic Product (GDP) is expected to grow by 7% to 7.1% in the 1st quarter of the fiscal year 2024-25 (Q1FY2025), according to the State Bank of India (SBI) Research’s latest Ecowrap report, authored by Group Chief Economic Adviser Soumya Kanti Ghosh. However, there is a slight downside risk to this estimate, with manufacturing Gross Value Added (GVA) expected to be lower, ranging between 6.7% and 6.8%. The Reserve Bank of India (RBI), in its latest monetary policy meeting, projected GDP growth for 2024-25 at 7.2%, with growth for Q1 expected at 7.1%, Q2 at 7.2%, Q3 at 7.3%, and Q4 at 7.2%. India’s GDP grew by an impressive 8.2% in 2023-24, 7.2% in 2022-23 and 8.7% in 2021-22, according to official data. In July 2024, the International Monetary Fund (IMF) raised India’s growth projections for 2024 from 6.8% to 7%. The Economic Survey 2023-2024 projected India’s real GDP growth at 6.5% to 7% for 2024-25. Real GDP growth is the reported economic growth adjusted for inflation. {Read more} Smart Points: Ecowrap report – published by SBI Research | Authored by – Soumya Kanti Ghosh (Chief Economic Adviser) Expected growth in Q1 of FY25 of India’s: GDP – by 7% to 7.1% | GVA – in between 6.7% & 6.8% Projected GDP growth for FY25 by RBI – 7.2% | Q1 – 7.1% | Q2 – 7.2% | Q3 – 7.3% | Q4 – 7.2% As per official data, India’s GDP grew by: 8.2% – in FY24 | 7.2% – FY23 | 8.7% – FY22 In July 2024, IMF raised India’s growth projections for 2024 – from 6.8% to 7% Economic Survey 2023-2024 projected India’s real GDP growth – at 6.5% to 7% for FY25 HQs of SBI – Mumbai, Maharashtra | Chairman – Challa Sreenivasulu Setty MDs – Rana Ashutosh Kumar Singh | Ashwini Kumar Tewari | Vinay M. Tonse 5. The Reserve Bank of India (RBI) has imposed monetary penalties on fintech companies LenDen Club (Innofin Solutions Pvt Ltd) and LiquiLoans (NDX P2P Pvt Ltd) for non-compliance with certain provisions of the ‘Non-Banking Financial Company - Peer to Peer Lending Platform (Reserve Bank) Directions, 2017’ and ‘Guidelines on Digital Lending’ issued by the apex bank. Penalty imposed on LenDenClub was of the amount of Rs 1.99 Cr, while the penalty imposed on LiquiLoans was of the amount of Rs 1.92 Cr. Moreover, the RBI also imposed a monetary penalty of Rs 8 lakh on Mahoba Urban Co-operative Bank Ltd, Mahoba, Uttar Pradesh, for contravention of the provisions of section 26A(2) of the Banking Regulation Act, 1949. The RBI imposed a monetary penalty of Rs 2 lakh on Uttarkashi Zila Sahkari Bank Ltd, Uttarkashi, Uttarakhand. {Read more} Smart Points: RBI imposed monetary penalties for non-compliance with certain provisions of some guidelines - Rs 1.99 Cr – LenDen Club (Innofin Solutions Pvt Ltd) - Rs 1.92 Cr – LiquiLoans (NDX P2P Pvt Ltd) - Rs 8 lakh – Mahoba Urban Co-operative Bank Ltd, Mahoba, UP - Rs 2 lakh – Uttarkashi Zila Sahkari Bank Ltd, Uttarkashi, Uttarakhand www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 6 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  HQs of RBI – Mumbai, Maharashtra | Governor – Shaktikanta Das (25th) | Established on – 1st April, 1935 Total Deputy Governors (4) – S. Janakiraman | T. Rabi Sankar | Michael D. Patra | M. Rajeshwar Rao 6. Zeta, a provider of next-gen banking technology to financial institutions globally, announced its partnership with HDFC Bank to power its ‘Credit Line on Unified Payment Interface or UPI (CLOU)’ offerings. Powered by Zeta’s state-of-the-art ‘Digital Credit as a Service (DCaaS)’ solution, the partnership will empower HDFC Bank to launch innovative credit products on the National Payments Corporation of India’s (NPCI) ‘CLOU’ scheme. The ‘CLOU’ scheme, announced by NPCI in 2023, allows banks to connect pre-approved credit lines directly to the UPI user base. This translates to easier credit access for individuals and businesses while offering banks access to a much wider audience through the established UPI ecosystem. As per Zeta’s estimates, ‘CLOU’ is expected to grow to a $1 trillion opportunity for banks by 2030. Rajanish Prabhu is a Senior Executive Vice President of HDFC Bank, while Ramki Gaddipati is the CEO of APAC, Global CTO and Co-Founder of Zeta. {Read more} Smart Points: Zeta + HDFC Bank = partnered to power its ‘Credit Line on Unified Payment Interface or UPI (CLOU)’ offerings Powered by – Zeta’s state-of-the-art ‘Digital Credit as a Service (DCaaS)’ solution It will empower HDFC Bank to launch innovative credit products on NPCI’s ‘CLOU’ scheme CLOU scheme – launched by NPCI in 2023 As per Zeta’s estimates, ‘CLOU’ – expected to grow to a $1 trillion opportunity for banks by 2030 Rajanish Prabhu – Senior Executive Vice President of HDFC Bank HQs of Zeta – Mumbai, Maharashtra | Co-Founder – Ramki Gaddipati | CEO – Bhavin Turakhia | Founded in – 2015 HQs of HDFC Bank – Mumbai, MH | MD & CEO – Sashidhar Jagdishan | Tagline – “We understand your World” 7. ESAF Small Finance Bank has launched the “Inori RuPay Platinum Credit Card”, a premium financial product designed in collaboration with the National Payments Corporation of India (NPCI) to offer cardholders exclusive benefits and privileges. The card’s name ‘Inori’ is derived from the Japanese word for ‘wish’, symbolising our aspiration to fulfil the desires and expectations of customers. Cardholders can enjoy a range of rewards, including exciting cashback offers on monthly transactions and comprehensive insurance coverage of up to ₹2 lakh. {Read more} Smart Points: ESAF SFB – launched “Inori RuPay Platinum Credit Card” | Designed by = ESAF SFB + NPCI ‘Inori’ – derived from Japanese word for ‘wish’ HQs of ESAF SFB – Thrissur, Kerala | MD & CEO – Kadambelil Paul Thomas | Chairman – P. R. Ravi Mohan HQs of NPCI – Mumbai | Chairman – Ajay Kumar Choudhary | MD & CEO – Dilip Asbe | Established in – 2008 www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 7 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  Defence Affairs 8. Defence Minister Rajnath Singh is all set to commission India’s second Ship Submersible Ballistic Nuclear (SSBN) submarine, at Visakhapatnam at the secretive Ship Building Centre (SBC) in the Eastern Naval Command (ENC). The boat christened as INS Arighat, translated to ‘destroyer of the enemy’, with pennant number S3, is the second in its class after INS Arihant, which was commissioned in August 2016. INS Arighat is about 112-metre long and weighs around 6,000 tonnes. She can carry about 10 to 12 K- 15 nuclear-tipped submarine-launched ballistic missiles (SLBMs) and like INS Arihant is equipped with four vertical launch tubes to launch the missiles. The missiles have a range of about 750 km. This enhances India’s nuclear triad capabilities and deterrence power in all the three sectors of land, sea and air. The third nuclear-powered INS Aridhaman is also under construction. This submarine will have more vertical tubes and can carry ballistic missiles with a range of over 3,000 km. {Read more} Smart Points: Defence Minister – to commission India’s 2nd SSBN submarine, “INS Arighat”, at Visakhapatnam at SBC in ENC She can carry about 10 to 12 K-15 nuclear-tipped submarine-launched ballistic missiles with a range of 750 km INS Arighat (pennant number S3) – 2nd in its class | 1st – INS Arihant, commissioned in Aug 2016 | 3rd – INS Aridhaman HQs of ENC – Visakhapatnam, Andhra Pradesh | FOC-in-C – Vice Admiral Rajesh Pendharkar Sports & Games 9. Hockey India has announced that the upcoming 8th edition of “Hockey Women’s Asian Champions Trophy 2024” will be held in Rajgir, Bihar, from November 11 to 20, 2024. The tournament will take place at the newly constructed Rajgir Hockey Stadium, where India will defend their title against teams from China, Malaysia, Japan, Thailand, and Korea. This is the second consecutive time that India will host the tournament as India hosted the 7th edition of this tournament in Ranchi, Jharkhand in October 2023. South Korea is the most successful team, having won it three times, followed by India and Japan, which have each won twice. {Read more} Smart Points: 8th edition of “Hockey Women’s Asian Champions Trophy 2024” – will be held in Rajgir, Bihar, from Nov 11-20, 2024 Announced by – Hockey India | It will be held at – Rajgir Hockey Stadium Participating countries – China, India, Malaysia, Japan, Thailand & Korea 2nd time India will host this tournament | 1st – 7th edition in Ranchi, Jharkhand in Oct 2023 Countries winning this tournament for maximum times: South Korea – 3 | India & Japan – twice (each) HQs of Hockey India – New Delhi | President – Dilip Kumar Tirkey | SG – Bhola Nath Singh | Founded in – 2009 www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 8 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  Science & Technology 10. The US-India Business Council (USIBC) has announced that InMobi will serve as a co- chair of the newly formed ‘USIBC AI Task Force’. This move reflects USIBC’s dedication to advancing AI principles and fostering collaborative innovation between the U.S. and India. As Co-Chair, InMobi will spearhead efforts to identify critical focus areas, develop actionable plans, and ensure that AI adoption serves the public interest and promotes societal benefits. {Read more} Smart Points: InMobi – will serve as a co-chair of newly formed ‘USIBC AI Task Force’ | Announced by – USIBC InMobi – will spearhead efforts to identify critical focus areas, develop actionable plans, and ensuring AI adoption HQs of USIBC – Washington DC, US | President – Atul Keshap | MD – Alexander Slater Appointments & Resignations 11. Shriram Capital Private Ltd has announced the appointment of Subhasri as its Managing Director and Chief Executive Officer, effective September 1, 2024. Subhasri, who has been serving as the Joint Managing Director, will take over the new role. In her earlier roles, she was the Executive Director and CFO of Shriram City Union Finance (now Shriram Finance) and joint MD of Shriram Capital. {Read more} Smart Points: Subhasri (Joint MD at same company) – appointed as MD & CEO of Shriram Capital Pvt Ltd w.e.f. Sep 1, 2024 HQs of Shriram Capital Pvt Ltd – Chennai, Tamil Nadu | MD & CEO – Subhasri | Founded in – 1974 12. Satish Kumar, an officer of the Indian Railway Management Service (IRMS), has been appointed as the Chairman and Chief Executive Officer (CEO) of the Railway Board, effective from September 1, 2024. This makes him the first chairman and CEO from the Scheduled Castes in the board’s history. Jaya Varma Sinha, who is the current Chairperson and CEO of the board, is superannuating on August 31, 2024. Last year, Sinha also became the first woman to be appointed as the CEO of the Railway Board. In July 2024, the Union government appointed current Railway Board Chairperson Jaya Varma Sinha as an administrative member in the Central Administrative Tribunal (CAT). {Read more} Smart Points: Satish Kumar – appointed as Chairman & CEO of Railway Board w.e.f. Sep 1, 2024 | 1st Chairman & CEO from SC Succeeding – Jaya Varma Sinha | Jaya Varma Sinha – became first woman to be appointed at this post in 2023 Jaya Varma Sinha – appointed as an administrative member in Central Administrative Tribunal (CAT) HQs of Indian Railways – New Delhi | Chairman & CEO – Satish Kumar 13. Vice Admiral Rajesh Dhankhar has assumed the charge as the Director General of “Project Seabird”, with a charter to oversee largest defence infrastructure project currently progressing at the Karwar Naval Base. He took charge from Vice Admiral Tarun Sobti. The change of guard took place at the headquarters of the project in New Delhi. Indian Navy is expanding the crucial and strategically located naval base in Karnataka’s Karwar as part of Project ‘Seabird’. The Flag Officer, Mr Dhankhar, is a recipient of the Nao Sena Medal (Gallantry) in 2015 for Non-Combatant Evacuation Operations of Indian nationals from Aden and Al-Hodeida, Yemen. {Read more} www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 9 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us Smart Points: VADM Rajesh Dhankhar – assumed charge as DG of “Project Seabird” to oversee largest defence infrastructure project - Project is currently progressing at – Karwar Naval Base | Succeeding – VADM Tarun Sobti Change of guard took place at – headquarters of project in New Delhi He received Nao Sena Medal (Gallantry) in 2015 for Non-Combatant Evacuation Operations of Indian nationals from Aden & Al-Hodeida, Yemen HQs of Indian Navy – Delhi | Chief – Admiral Dinesh K. Tripathi | Vice Chief – Vice Admiral Krishna Swaminathan Awards, Rewards, Recognition & Prizes 14. Union Minister of Textiles Giriraj Singh presented the “24th Handicrafts Export Awards” to the Indian handicrafts exporters during a ceremony organised by the Export Promotion Council for Handicrafts (EPCH) in New Delhi. A total of 123 awards were conferred upon 62 winners of the year 2019-20 and 61 winners of the year 2020-21, along with a prestigious ‘Lifetime Achievement Award’. The awards also included the ‘Top Export Award’ for 2019-20 and 2020-21, both were bagged by M/s C.L. Gupta Exports Ltd, Amroha (Uttar Pradesh); following which, senior and veteran exporter, Mr. Muzafar Hussain was honoured with the ‘Lifetime Achievement Award’ for his outstanding contribution, patronage and guidance to the Indian Handicrafts Sector. The Awards, instituted in 1989, are presented across broad categories like the ‘Top Export Award’, ‘Platinum Performer Certificate’, ‘Product Group-wise Awards’, ‘Woman Entrepreneur Award’, and ‘Regional Awards’. EPCH is a nodal agency for promoting exports of handicrafts from the country to various destinations of the world. R.K. Verma is the Executive Director of EPCH. {Read more} Smart Points: Giriraj Singh (Minister of Textiles) – presented “24th Handicrafts Export Awards” to Indian handicrafts exporters During – ceremony organised by Export Promotion Council for Handicrafts (EPCH) in New Delhi Total awards – 123 | 62 – for 2019-20 | 61 – for 2020-21 | ‘Lifetime Achievement Award’ – Mr. Muzafar Hussain ‘Top Export Award’ for 2019-20 & 2020-21 – M/s C.L. Gupta Exports Ltd, Amroha (UP) These Awards were instituted in – 1989 | Presented in categories like – ‘Top Export Award’ - ‘Platinum Performer Certificate’, ‘Product Group-wise Awards’, ‘Woman Entrepreneur Award’ & ‘Regional Awards’ HQs of EPCH – New Delhi | Executive Director – R.K. Verma Ranks, Reports & Surveys 15. Mumbai and New Delhi secured the 2nd and 3rd rank, respectively, among 44 cities globally in the “Prime Global Cities Index (PGCI) Q2 2024”, published by an international property consultant Knight Frank. Mumbai and New Delhi have recorded an annual increase in their real estate prices at 13% and 10.6% respectively, while Bengaluru (15th rank) has witnessed a modest 3.7% rise. Globally, Manila topped the Index with an increase of 26% which is followed by Mumbai (13%), Delhi (10.6%), Los Angeles (8.9%), and Miami (7.1%). Wellington with an annual fall of 5.9% in price ranked last on the list. The “Prime Global Cities Index” is a valuation-based index tracking the movement of prime residential prices across 44 cities worldwide. The index tracks nominal prices in local currency. {Read more} www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 10 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us Smart Points: “Prime Global Cities Index (PGCI) Q2 2024” – published by Knight Frank | It tracks prime residential prices in 44 cities Indian cities with increase in real estate prices: 2nd – Mumbai (13%) | 3rd – New Delhi (10.6%) | 15th – Bengaluru (3.7%) Globally: 1st – Manila (26%) | 4th – Los Angeles (8.9%) | 5th – Miami (7.1%) | Last – Wellington (fall of 5.9%) ❖ Other Miscellaneous News & Current Static GK: September 1-7 — National Nutritional Week Senchal Wildlife Sanctuary – West Bengal Nari Hira (King of Indian Magazines) — a Renowned Film Producer & Owner of Magna Publishing Company — passed away (He received the ‘Lifetime Achievement Award’ from the Indian Magazine Congress.) Keoladeo National Park – Rajasthan Dhamra Port – Odisha www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 11 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  Smartkeeda presents Full-Length Current Affairs MockDrill Series September 2024 Daily CA PDF 2 (PDF in English) Click Here to Attempt Mock Test based on this PDF! DOWNLOAD: August 2024 Monthly CA PDF If you find any error in this PDF, kindly report www.smartkeeda.com it to us at [email protected] via email. | testzone.smartkeeda.com https:// /# Page | 3 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  National & States Affairs 1. NHPC Limited, Solar Energy Corporation of India Ltd (SECI), Railtel Corporation of India (RCIL) and SJVN have been granted Navratna status, as per the order issued by the Department of Public Enterprise, Ministry of Finance. With the navratna status, the 4 Central Government Public Sector Enterprise (CPSE) will enjoy greater operational and financial autonomy. With these 4 CPSEs attaining the Navratna status, the total number of Navratna CPSEs in the country becomes 25. A CPSE has to meet these conditions to be granted a Navratna status - (i) Miniratna - category 1 status; (ii) ‘Excellent’ or ‘Very Good’ Memorandum of Understanding rating in 3 of the last 5 years; & (iii) a composite score of 60 or above in the identified 6 performance indicators. After receiving Navratna status, a CPSE can invest up to Rs 1,000 crore or 15% of their net worth in a single project without needing prior approval of the central government. Also, it can now establish financial joint ventures and wholly owned subsidiaries in India or abroad with certain conditions. {Read more} Smart Points: NHPC Ltd, SECI, RCIL & SJVN – granted Navratna status, as per order issued by Department of Public Enterprise, MoF Now, the total number of Navratna CPSEs in the country – 25 Required conditions to be granted a Navratna status: - Miniratna - category 1 status | ‘Excellent’ or ‘Very Good’ MoU rating in 3 of last 5 years - A composite score of 60 or above in 6 identified performance indicators Navratna CPSE can invest up to Rs 1,000 Cr or 15% of net worth in a single project without prior approval of central govt HQs of NHPC – Faridabad, Haryana | MD & Chairman – Raj Kumar Chaudhary HQs of SECI – New Delhi | CMD – Rameshwar Prasad Gupta | Founded on – Sep 9, 2011 HQs of RCIL – New Delhi | CMD – Sanjai Kumar | Founded in – 2000 HQs of SJVN Ltd – Shimla, Himachal Pradesh | CMD – Sushil Kumar Sharma 2. PM Narendra Modi has addressed the “Global Fintech Fest (GFF)” at the Jio World Convention Centre in Mumbai, and launched developmental projects in Palghar, Maharashtra. PM Modi laid the foundation stone for the Vadhvan Port, a Rs 76,000 crore project designed to create a world- class maritime gateway that will enhance trade and economic growth by accommodating large container vessels and ultra-large cargo ships. Located near Dahanu in Palghar district, Vadhvan Port will be one of India’s largest deep-water ports, offering direct connectivity to international shipping routes. PM Modi also inaugurated and laid the foundation stone of 218 fisheries projects worth around Rs 1,560 crore, aimed at bolstering the sector’s infrastructure and productivity across the nation. These initiatives are expected to generate more than 5 lakh employment opportunities in the fisheries sector. He also launched the “National Roll Out of Vessel Communication and Support System” at a cost of around Rs 360 crore. Under this project, 1 lakh transponders will be installed in a phased manner on mechanised and motorised fishing vessels in 13 coastal states and Union Territories. GFF is being jointly organised by the Payments Council of India, the National Payments Corporation of India (NPCI) and the Fintech Convergence Council. {Read more} Smart Points: “Global Fintech Fest (GFF)” – held at Jio World Convention Centre, Mumbai | Addressed by – PM Modi Organised by = NPCI & Fintech Convergence Council PM Modi – launched developmental projects in Palghar, Maharashtra Foundation stone laid for – Vadhvan Port | Outlay – Rs 76,000 Cr | To create a world-class maritime gateway www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 5 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  Foundation stone laid for – 218 fisheries projects | Worth – Rs 1,560 Cr | To bolster infrastructure & productivity - Expected to generate 5+ lakh employment opportunities in fisheries sector “National Roll Out of Vessel Communication and Support System” | Worth – Rs 360 Cr - 1 lakh transponders will be installed on mechanised & motorised fishing vessels in 13 coastal states & UTs Maharashtra: Capital – Mumbai | CM – Eknath Shinde | Governor – CP Radhakrishnan 3. Union Women and Child Development Minister, Annapurna Devi, has launched a centralised platform, “SHe-Box” portal, designed to make workplaces safer for women by addressing and managing complaints of sexual harassment. The portal would function as a centralised repository for information related to internal committees and local committees across the country, covering both the government and private sectors. The portal will allow women to file complaints, track their status, and ensure that the grievances are processed in a timely manner. The launch event in Delhi also witnessed the introduction of a revamped ministry website. {Read more} Smart Points: Annapurna Devi (Union WCD Minister) – launched “SHe-Box” portal to make workplaces safer for women It will allow women to file complaints, track status & ensure that grievances are processed in a timely manner Minister of Women & Child Development: Annapurna Devi | Constituency – Kodarma, Jharkhand MoS in Ministry of Women and Child Development: Savitri Thakur Banking, Finance, Insurance & Economic Affairs 4. Life Insurance Corporation of India (LIC) has presented the Central Government with a dividend cheque for ₹3,662.17 crore. The dividend cheque was handed over to Union Finance and Corporate Affairs Minister Nirmala Sitharaman by Siddhartha Mohanty, MD & CEO of LIC. In March 2024, the LIC had paid an interim dividend of ₹2441.45 Crore, taking the total dividend payout to Centre for 2023-24 to ₹6,103.62 crore. Currently, the Centre has a majority stake of 96.5% in LIC. As of the end of March 2024, LIC had an asset base of over ₹52.85 lakh crore. It continues to be the market leader in the Indian life insurance sector. {Read more} Smart Points: LIC – presented Central Government with a dividend cheque for ₹3,662.17 Cr (Total dividend - ₹6,103.62 in FY24) - LIC paid an interim dividend of – ₹2441.45 Cr in March 2024 Dividend cheque: Handed over to – Union Finance Minister | By – Siddhartha Mohanty (MD & CEO of LIC) Currently, Centre has majority stake in LIC – 96.5% | Asset base of LIC – ₹52.85 lakh Cr (as of Mar 2024) HQs of LIC – Mumbai | Chairman – Siddhartha Mohanty | Founded in – 1956 | Tagline – ‘Yogakshemam Vahamyaham’ 4 MDs of LIC – R. Doraiswamy, Sat Pal Bhanoo, Tablesh Pandey & M. Jagannath www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 6 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us 5. Fitch Ratings has reaffirmed India’s sovereign debt rating at ‘BBB-’, with a stable outlook, citing the country’s robust medium-term growth prospects and solid external finance position. The ‘BBB’ rating reflects low default risk expectations, where the capacity to meet financial commitments remains adequate despite potential vulnerabilities from adverse business or economic conditions. In fiscal year 2024, the Indian government successfully contained the fiscal deficit at 5.6% of GDP, below the revised estimate of 5.8%. The government aims to reduce the fiscal deficit to 4.5% or lower by FY26. According to finance ministry’s estimates, central government debt is expected to rise to ₹185.27 trillion, or 56.8% of GDP, in FY25, up from ₹93.26 trillion, or 49.3% of GDP, in 2018-19. The debt-to-GDP ratio stood at 58.2% in FY 2023-24. {Read more} Smart Points: Fitch Ratings – reaffirmed India’s sovereign debt rating at ‘BBB-’ | It reflects low default risk expectations In FY24, India contained fiscal deficit – at 5.6% of GDP (below revised estimate of 5.8%) Government aims to reduce fiscal deficit by FY26 – to 4.5% or lower | Debt-to-GDP ratio – 58.2% in FY24 As per MoF, central government debt – expected to rise to ₹185.27 tn in FY25 (from ₹93.26 tn in FY19) Minister of Finance: Nirmala Sitharaman | Constituency – Karnataka MoS in Ministry of Finance: Pankaj Chaudhary 6. Cashfree Payments, India’s premier payments and API banking solutions provider, has launched “Secure ID” at the Global Fintech Fest in Mumbai. Secure ID is a comprehensive solution for verifying identities, assessing risks, and preventing fraud. With Secure ID, Cashfree Payments has integrated all of its verification products into a single suite. This comprises Aadhaar, PAN, DL, Voter ID, Passport, Face Match, Liveness Detection, GeoLocation Check, Bank Account, and UPI ID verification. Moreover, RBI Governor Shaktikanta Das launched two innovative digital payment products, ‘Bharat BillPay for Business (BBPS)’ and ‘UPI Circle’, developed by the National Payments Corporation of India (NPCI), at the GFF 2024. The new offerings will revolutionise India’s digital payment ecosystem by enhancing inclusivity, security, and efficiency. At the GFF 2024, Indian and South African counterparts signed a landmark agreement, marking a significant leap in the global fintech landscape. This agreement paves the way for South Africa to enable UPI (Unified Payments Interface) QR code acceptance, which promises to revolutionize digital payments in the country. {Read more} Smart Points: Global Fintech Fest – held in Mumbai Cashfree Payments – launched “Secure ID,” a solution for verifying identities, assessing risks & preventing fraud With this, Cashfree Payments has integrated all of its verification products into a single suite - Aadhaar, PAN, DL, Voter ID, Passport, Face Match, Liveness Detection, GeoLocation Check, Bank Account & UPI ID Shaktikanta Das (RBI Governor) – launched ‘BBPS’ & ‘UPI Circle’ (digital payment products) | Developed by – NPCI India + South Africa = an agreement to enable UPI QR code acceptance to revolutionize digital payments in South Africa HQs of Cashfree Payments – Bengaluru, Karnataka | CEO – Akash Sinha 7. India’s real GDP rose to 6.7% in the April to June quarter (Q1) of FY 2024-25, the slowest in five quarters, and well below the Reserve Bank of India’s expectation of 7.1%, as per the data provided by the National Statistical Office (NSO) under Ministry of Statistics and Program Implementation. For the first time in a year, growth in the real Gross Value Added (GVA) in the economy outperformed GDP growth, with a 6.8% uptick in Q1 FY25. This GVA growth in Q1 has been driven by significant growth in the Secondary Sector (8.4%), comprising Construction (10.5%), Electricity, Gas, Water Supply & Other Utility Services (10.4%) and Manufacturing (7%) sectors. {Read more} www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 7 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us Smart Points: As per the data provided by NSO, under Ministry of Statistics & Program Implementation: India’s real GDP – rose to 6.7% in Q1 of FY25 (below RBI’s expectation of 7.1%) Growth in real GVA in economy – rose 6.8% in Q1 FY25, outperformed GDP growth for 1st time GVA growth in Q1 has been driven by growth in different sectors: - Secondary – 8.4% | Includes – Construction (10.5%), Electricity, Gas, Water Supply & Other Utility Services (10.4%), Manufacturing Sector (7%) HQs of NSO – New Delhi | Chairperson – Bimal Kumar Roy MoS I/C of Ministry of Statistics & Programme Implementation: Rao Inderjit Singh | Constituency – Gurgaon, Haryana 8. The Central Board of Direct Taxes (CBDT) has launched the “e-Dispute Resolution Scheme, 2022 (e-DRS)” with the aim to reduce litigation and provide relief to eligible taxpayers. Section 245MA of the Act also provides for the constitution of Dispute Resolution Committees (DRC). The e-DRS enables the taxpayer, who fulfils certain specified conditions as stipulated in section 245MA of the Act, to file an application electronically for dispute resolution to the DRC designated for the region of Principal Chief Commissioner of Income-tax having jurisdiction over the taxpayer. To this end, DRCs have been constituted in all 18 jurisdictional Pr. CCIT regions across the country. As per e-DRS, a taxpayer can opt for e-Dispute Resolution against the ‘specified order’ as defined in clause (b) of the Explanation to section 245MA of the Act. {Read more} Smart Points: CBDT – launched “e-Dispute Resolution Scheme, 2022 (e-DRS)” to reduce litigation & provide relief to eligible taxpayers Section 245MA of this Act – provides for constitution of Dispute Resolution Committees (DRC) “e-DRS” – enables eligible taxpayer to file an application electronically for dispute resolution to the DRC DRCs – constituted in all 18 jurisdictional Pr. CCIT regions across India HQs of CBDT – New Delhi | Chairman – Nitin Gupta | Formed in – 1944 9. The Reserve Bank of India (RBI) has imposed a penalty of Rs 2.68 crore on UCO Bank for contravention of certain provisions, including on opening of current accounts, interest rate on deposits and frauds classification. The RBI has also imposed a penalty of Rs 2.1 lakh on Cent Bank Home Finance Ltd for non-compliance with certain provisions of Know Your Customer (KYC) directions. {Read more} Smart Points: RBI imposed monetary penalties of: - Rs 2.68 Cr – on UCO Bank | For contravention of certain provisions - Rs 2.1 lakh – on Cent Bank Home Finance Ltd | For non-compliance with certain provisions of KYC directions HQs of RBI – Mumbai, Maharashtra | Governor – Shaktikanta Das (25th) | Established on – 1st April, 1935 Total Deputy Governors (4) – S. Janakiraman | T. Rabi Sankar | Michael D. Patra | M. Rajeshwar Rao www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 8 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us 10. Mastercard, a global technology in the payments industry, has announced the worldwide launch of its new “Payment Passkey Service” to make online shopping more secure and easier than ever. This service has debuted in India as a pilot with some of the nation’s largest payment players including, payment aggregators Juspay, Razorpay and PayU, online merchants such as Bigbasket and banks such as Axis Bank. Payment passkeys replace traditional passwords and OTPs, and use device-based biometric authentication methods such as fingerprints or facial scans. {Read more} Smart Points: Mastercard – launched “Payment Passkey Service” globally to make online shopping more secure & easier It debuted in India as a pilot with Juspay, Razorpay, PayU, Bigbasket, Axis Bank, among others It replaces traditional passwords & OTPs, and use device-based biometric authentication methods HQs of Mastercard – New York, US | CEO – Michael Miebach | Founded in – 1966 Sports & Games 11. Bangladesh has been crowned the new champion of the “SAFF U-20 Championship 2024” football tournament after defeating hosts Nepal by 4-1 in the final in Lalitpur, Nepal. This is the first time that Bangladesh has won this Championship. India lost to Bangladesh 3-4 in a penalty shootout in the semi-final. Sri Lanka, Maldives and Bhutan also participated in the competition. India had won SAFFU-20 in 2019, 2022 and 2023. The SAFF U-20 Championship is a biennial football championship for male footballers under the age of 20 and is organized by the South Asian Football Federation (SAFF). {Read more} Smart Points: “SAFF U-20 Championship 2024” football tournament – final held in Lalitpur, Nepal Winner – Bangladesh (1st time) | Defeated – Nepal | Other participant countries – India, Sri Lanka, Maldives & Bhutan India lost to Bangladesh in a penalty shootout in semi-final | India won SAFFU-20 in – 2019, 2022 & 2023 SAFF U-20 Championship – a biennial football championship for male footballers under 20 | Organized by – SAFF HQs of SAFF – Dhaka, Bangladesh | President – Kazi Salahuddin | Members – 7 | Formed in – 1997 12. The Jaipur-born shooter Avani Lekhara has become the first Indian to claim successive Paralympic gold medals, defending her women’s 10m air rifle (SH1) title at the “Summer Paralympics Games 2024” in Paris, France. Mona Agarwal won bronze in the same event, making it a historic double. The 22-year- old Avani shot a superb 249.7 to erase her own Paralympic record of 249.6 set in the Tokyo Games 3 years ago. {Read more} Smart Points: Avani Lekhara (Jaipur) – became first Indian to claim successive Paralympic gold at “Summer Paralympics Games 2024” - She claimed the title in 10m air rifle (SH1) in Paris, France Mona Agarwal – won bronze in the same event Avani (22-year) – shot 249.7 to erase her own Paralympic record of 249.6 set in Tokyo Games, 2022 HQs of IOC – Lausanne, Switzerland | President – Thomas Bach | Established in – 1894 www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 9 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  Appointments & Resignations 13. The Centre has appointed 1989-batch IAS officer Dharmendra as the new Chief Secretary of Delhi. He will replace Naresh Kumar, a 1987-batch IAS officer. Dharmendra, Arunachal Pradesh’s current chief secretary, takes over new charge with effect from September 1, 2024. Incumbent Naresh Kumar, who previously received two extensions from the central government, completed his tenure on August 31. The Arvind Kejriwal’s government accused Naresh Kumar of bypassing the chief minister by directly sending files to the lieutenant governor, violating the constitutional system. {Read more} Smart Points: Dharmendra – appointed as new Chief Secretary of Delhi w.e.f. Sep 1, 2024 (succeeding - Naresh Kumar) Delhi: CM – Arvind Kejriwal | Lt. Governor – Vinai Kumar Saxena | Chief Secretary – Dharmendra Ranks, Reports & Surveys 14. As per the “Hurun Rich List 2024”, India is now home to 334 billionaires and their total worth is Rs 159 lakh crore, surpassing the combined GDP of Saudi Arabia and Switzerland and accounting for more than half of India’s GDP. China saw a 25% decline in its number of billionaires, while India experienced a 29% increase. The Hurun Rich List 2024 also revealed that India’s financial capital, Mumbai, has emerged as the “billionaire capital of Asia” with more billionaires than China’s capital Beijing. Mumbai is now home to 92 billionaires compared to Beijing’s count of 91. Delhi followed Mumbai with the most billionaires to gain the second spot. Hyderabad surpassed Bengaluru for the first time to take the third position in the number of wealthy residents. Other cities in the top 10 are Chennai, Kolkata, Ahmedabad, Pune, Surat, and Gurugram. Now, Mumbai is in third position globally in terms of billionaires after New York (119) and London (97). At the age of 58, Bollywood superstar Shah Rukh Khan entered the list with a wealth of Rs 7,300 crore, powered by his stakes in IPL team Kolkata Knight Riders and film production company Red Chillies Entertainment. Juhi Chawla, a Bollywood actor, also found herself on the Hurun Rich List. At 21, Zepto founder Kaivalya Vohra is the youngest on the list followed by his co- founder, the 22-year-old Aadit Palicha. {Read more} Smart Points: As per the “Hurun Rich List 2024”: India – home to 334 billionaires | Total worth – Rs 159 lakh Cr - More than half of India’s GDP & combined GDP of Saudi Arabia & Switzerland Number of billionaires: China – decreased by 25% | India – increased by 29% Billionaire capital of Asia – Mumbai, India’s financial capital (92 billionaires) | Beijing, China – 91 billionaires Top 10 cities in India with most billionaires – Mumbai, Delhi, Hyderabad, Bengaluru, Chennai, Kolkata, Ahmedabad, Pune, Surat & Gurugram In terms of billionaires globally: 1st – New York (119) | 2nd – London (97) | 3rd – Mumbai (92) Hurun Rich List includes: Shah Rukh Khan (Rs 7,300 Cr) | Juhi Chawla | Kaivalya Vohra (youngest) | Aadit Palicha Kaivalya Vohra & Aadit Palicha – co-founders of Zepto www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 10 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  MoUs, Collaborations & Partnerships 15. Infosys has expanded its partnership with American chipmaker Nvidia to develop GenAI-powered solutions for telecom operators. Infosys has developed 3 generative AI solutions powered by its AI-offering ‘Topaz’, which make use of ‘Nvidia NIM’ inference microservices, ‘Nvidia NeMo Retriever’ embedding models, and ‘NeMo Guardrails’ to customise and deploy generative AI telco domain-specific large-language models. It has also used Nvidia Riva to allow real-time transcription and translations for call centre agents. {Read more} Smart Points: Infosys + Nvidia = partnered to develop GenAI-powered solutions for telecom operators 3 generative AI solutions are developed by – Infosys | Powered by – ‘Topaz,’ AI-offering of Infosys It will use Nvidia’s various products to customise & deploy generative AI telco domain-specific LLMs HQs of Infosys – Bengaluru, Karnataka | MD & CEO – Salil Parekh | Chairman – Nandan Nilekani | Founded – 1981 HQs of Nvidia – California, US | CEO – Jensen Huang 16. The Tourism & Hospitality Skill Council (THSC), under the aegis of Ministry of Skill Development and Entrepreneurship, has signed an MoU with Visa for a 3-year partnership valued at up to $1 million. This initiative is designed to up skill at least 20,000 Indian youth in tourism-relevant skills. The partnership aims to train youth across 10 States, including Assam, Gujarat, Himachal Pradesh, and West Bengal to elevate the tourism service experience for tourists. The program will focus on essential roles within the domestic tourism industry, such as tour guides, customer service executives, naturalists, and paragliding tandem pilots. {Read more} Smart Points: THSC + Visa = an MoU for 3 years to up skill at least 20,000 Indian youth in tourism-relevant skills | Worth – $1 million Aim: To train youth across 10 States to elevate tourism service experience for tourists Tourism & Hospitality Skill Council (THSC) – works under Ministry of Skill Development & Entrepreneurship HQs of Visa – Foster City, California | CEO – Ryan McInerney | Founded in – 1958 HQs of THSC – New Delhi | CEO – Rajan Bahadur ❖ Other Miscellaneous News & Current Static GK: September 2 – World Coconut Day (Theme - “Coconut for a Circular Economy: Building Partnership for Maximum Value”) Salim Ahmad al-Huss – Former PM of Lebanese – passed away Maharaj Bagh Zoo – Maharashtra Vaikunth Mehta National Institute of Cooperative Management – Pune, Maharashtra www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 11 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  Smartkeeda presents Full-Length Current Affairs MockDrill Series September 2024 Daily CA PDF 3 (PDF in English) Click Here to Attempt Mock Test based on this PDF! DOWNLOAD: August 2024 Monthly CA PDF If you find any error in this PDF, kindly report www.smartkeeda.com it to us at [email protected] via email. | testzone.smartkeeda.com https:// /# Page | 3 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  INDEX National & States Affairs …..…..…………….………………………………………………………………... 5 Banking, Finance, Insurance & Economic Affairs..…………………………………………………... 5 Defence Affairs …..………………...…………….………………………………………………………………... 7 Sports & Games …..………………..…………….………………………………………………………………... 8 Awards, Rewards, Recognition & Prizes ………..………….………………………....……………..…..10 Schemes & Initiatives ……………..…….……………….………...………….…………...……………..….. 10 Meetings, Conferences and Summits ….………..………….………………………....……………..…. 11 MoUs, Collaborations & Partnerships …………..………….………………………....……………..…. 11 _________ Join our official Telegram channels for regular updates: @SmartkeedaOfficial | @CAMockDrill | @PracticeWithSK Warning: Smartkeeda possesses all copyrights on its content. This doesn’t allow anyone to use its content for commercial purposes. If any infringement is found, legal action will be taken against the individual or entity. If www.smartkeeda.com | testzone.smartkeeda.com https:// /# you want to use the content for commercial purposes, kindly write to us at [email protected]. SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Page | 4 Join us  National & States Affairs 1. The Uttar Pradesh government has launched a “Digital Media Policy”, encouraging influencers to promote the State government’s initiatives, schemes, and achievements with prize payments. The policy also mentions of categorising influencers in 4 categories with payment limits for influencers based on subscribers and followers on their platforms. For X, Facebook, and Instagram, the maximum monthly payment limits are set at ₹5 lakh, ₹4 lakh, ₹3 lakh and ₹2 lakh respectively, while on YouTube, the payment limits for videos, shorts, and podcasts are ₹8 lakh, ₹7 lakh, ₹6 lakh, and ₹4 lakh, respectively. Under the policy the government has been authorised to take legal action if such paid contents show any anti-national, anti-social, or derogatory contents. {Read more} Smart Points: UP – launched a “Digital Media Policy” Aim: To encourage influencers to promote State Govt’s initiatives, schemes, & achievements with prize payments The policy also mentions of categorising influencers in 4 categories: - For X, Facebook, & Instagram, the maximum monthly payment limits are – ₹5 lakh, ₹4 lakh, ₹3 lakh & ₹2 lakh - On YouTube, the payment limits for videos, shorts, & podcasts are – ₹8 lakh, ₹7 lakh, ₹6 lakh, & ₹4 lakh UP: Capital – Lucknow | CM – Yogi Adityanath | Governor – Anandiben Patel Banking, Finance, Insurance & Economic Affairs 2. Hitachi Payment Services has launched “HPDx-BU01”, India’s first Android-based cash recycling machine in association with the National Payments Corporation of India (NPCI). Consumers can avail of a wide range of banking and non-banking services through the Android-based cash recycling machine that functions as a digital banking unit, including QR-based UPI cash withdrawal and cash deposit, account opening, credit card issuance, personal loans, insurance, MSME loans, FASTag application and recharge. It provides customers with the ease of card-less cash deposits 24/7. {Read more} Smart Points: Hitachi Payment Services + NPCI = launched “HPDx-BU01”, India’s first Android-based cash recycling machine Consumers can avail of a wide range of banking and non-banking services through machine It provides customers with the ease of card-less cash deposits 24/7 HQs of Hitachi Payment Services – Mumbai, MH | MD & CEO (Cash) – Sumil Vikamsey | CEO (Digital) – Anuj Khosla HQs of NPCI – Mumbai | Chairman – Ajay Kumar Choudhary | MD & CEO – Dilip Asbe | Established in – 2008 3. Naspers-backed fintech firm, PayU, has partnered with Amazon Pay Later to provide instant digital credit access to Indian shoppers. As part of this partnership, Amazon Pay Later will be integrated into PayU’s checkout infrastructure, allowing online merchants to offer an instant credit line to their customers, thereby boosting business revenues. This collaboration follows the recent in-principle approval PayU received from the RBI to operate as a payment aggregator (PA). PayU reported an 11% increase in its India revenue, reaching $444 million in FY24. {Read more} www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 5 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us Smart Points: PayU + Amazon Pay Later = partnered to provide instant digital credit access to Indian shoppers Amazon Pay Later – will be integrated into PayU’s checkout infrastructure, allowing online merchants to offer an instant credit line to their customers PayU – received an in-principle approval from RBI to operate as a payment aggregator PayU – reported 11% increase in its India revenue | Reached – $444 million in FY24 HQs of PayU – Netherlands | CEO (India) – Anirban Mukherjee | Chairperson – Renu Sud Karnad HQs of Amazon – Seattle, US | CEO – Andy Jassy | Incorporated in – 1994 4. Aditya Birla Capital Digital Limited (ABCDL), the digital-first arm of India’s leading financial services conglomerate, Aditya Birla Capital, launched a suite of 3 new product offerings - ‘DigiGold Gifting’, ‘Family Health Scan’ and ‘SIMPLiNVEST’ on ABCD, omnichannel D2C platform at the Global Fintech Festival. These new offerings are aimed at providing users with a more personalized and convenient digital financial experience, making “Everything Finance as Simple as ABCD”. Through ‘DigiGold Gifting’, ABCD app users can seamlessly gift their friends and family digital gold using the recipient’s mobile number. ‘Family Health Scan’, a selfie-based scan feature, extracts health measurements from a video stream of the face scan based on complex mathematical algorithms across 20+ vital health parameters. ‘SIMPLiNVEST’, currently in beta version, is an industry-first solution which enables users to undertake systematic investments across various asset classes like mutual funds, stocks and digital gold through a single, intuitive journey. Aditya Birla Capital commercially launched the omnichannel D2C platform, ABCD in April 2024. Pankaj Gadgil is the Head of the Digital Platforms and Payments Strategy at ABCDL. {Read more} Smart Points: Aditya Birla Capital Digital Ltd – launched a suite of 3 new products, ‘DigiGold Gifting’, ‘Family Health Scan’ & ‘SIMPLiNVEST’ Launched on – ABCD, omnichannel D2C platform | At – Global Fintech Festival Aim: To provide users with a more personalized & convenient digital financial experience ‘DigiGold Gifting’ – users can gift their friends & family digital gold using recipient’s mobile number ‘Family Health Scan’ – extracts health measurements from a video stream of face scan across 20+ vital health parameters ‘SIMPLiNVEST’ – enables users to undertake investments across various asset classes through a single, intuitive journey Aditya Birla Capital – commercially launched omnichannel D2C platform, ABCD in April 2024 Pankaj Gadgil – Head of Digital Platforms & Payments Strategy at ABCDL HQs of Aditya Birla Capital – Mumbai, Maharashtra | CEO – Vishakha Mulye 5. The Reserve Bank of India (RBI) has recognised Fintech Association for Consumer Empowerment (FACE) as a Self- Regulatory Organisation in FinTech Sector (SRO-FT). The RBI had received total 3 applications. Two other applications for recognition received by the RBI are from - Mumbai-based Fintech Convergence Council (FCC) and Bengaluru-based Digital Lenders’ Association of India (DLAI). The SROs would facilitate open communication and enable fintechs to stay informed about regulatory expectations and priorities. It is an industry-driven entity responsible for establishing and implementing regulatory standards, promoting ethical conduct, ensuring market integrity, etc. Sugandh Saxena is the CEO of FACE, a Mumbai-based organisation that was set up in September 2020. {Read more} www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 6 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us Smart Points: RBI recognised Fintech Association for Consumer Empowerment (FACE) as a ‘SRO in FinTech Sector’ Two other applicants – Fintech Convergence Council (FCC) & Digital Lenders’ Association of India (DLAI) HQs of FACE – Mumbai, Maharashtra | CEO – Sugandh Saxena | Established in – Sep 2020 Defence Affairs 6. Goa Shipyard Ltd (GSL) launched the 1st of 2 indigenous Pollution Control Vessels (PCVs), “Samudra Pratap”, for the Indian Coast Guard. The event was attended by Sanjay Seth, Minister of State Defence and Brajesh Kumar Upadhyaya, Chairman and Managing Director of GSL along with other officials. The vessel will help to check the oil spillage on India’s sea coast. The ship, with an indigenous content of 72%, has a length of 114.5m, a breadth of 16.5m and would displace 4170 tons. It will be manned by 14 officers and 115 sailors and is equipped with state-of-the-art technology for pollution control. The Keel laying ceremony of the ship was held on 21 November 2022. GSL signed a contract for constructing 2 PCVs for the Indian Coast Guard at a cost of Rs 583 Crores. {Read more} Smart Points: GSL – launched 1st of 2 indigenous Pollution Control Vessels (PCVs), “Samudra Pratap”, for Indian Coast Guard - It will help to check the oil spillage on India’s sea coast It has an indigenous content of – 72% | Length – 114.5m | Breadth – 16.5m | Displace – 4170 tons It will be manned by – 14 officers & 115 sailors | Keel laying ceremony – held on Nov 21, 2022 GSL – signed a contract for constructing 2 PCVs for Indian Coast Guard | Cost – Rs 583 Cr HQs of GSL – Vasco da Gama, Goa | CMD – Brajesh Kumar Upadhyay HQs of ICG – New Delhi | DG – Rakesh Pal | Founded in – 1977 7. Indian Army has launched the 1st phase of “Project NAMAN”, in the presence of General Upendra Dwivedi, Chief of the Army Staff along with Sunita Dwivedi, President Army Wives Welfare Association (AWWA). ‘Project NAMAN’ is centred around the implementation of the ‘SPARSH (System for Pension Administration Raksha)’, a digital pension system, which streamlines pension-related processes for defence pensioners, addressing the critical need for accessible facilitation points for veterans and Next of Kin (NOK) across the country. It involves the establishment of reception and facilitation centres, enabled through a tripartite MoU between the Indian Army’s Directorate of Indian Army Veterans (Adjutant General’s Branch), Common Service Centre (CSC) e-Governance India Limited, and HDFC Bank Limited signed in September 2023. In the 1st phase of ‘Project NAMAN’, 14 CSCs have been established at key locations across India, including New Delhi, Jalandhar, Leh, Dehradun, Lucknow, Jodhpur, Bengdubi, Gorakhpur, Jhansi, Secunderabad, Saugor, Guntur, Ahmedabad and Bangalore. The project is set to expand with plans to establish approximately 200 centres nationwide over the next 2-3 years. Each CSC is managed by a Village Level Entrepreneur (VLE), selected from among the veterans or NOKs by the respective Local Military Authorities (LMAs). HDFC Bank also supports the VLEs with a monthly monetary grant of Rs 20,000 for the first 12 months, assisting in the stabilisation and sustainability of the centres. {Read more} www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 7 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us Smart Points: Indian Army – launched 1st phase of “Project NAMAN” ‘Project NAMAN’ – centred around implementation of ‘SPARSH (System for Pension Administration Raksha)’ SPARSH – a digital pension system to streamline pension-related processes for defence pensioners Directorate of Indian Army Veterans + CSC e-Governance India Ltd + HDFC Bank = an MoU in Sep 2023 to establish reception & facilitation centres In 1st phase – 14 CSCs have been established at New Delhi, Jalandhar, Leh, Dehradun, Lucknow, Jodhpur, Bengdubi - Gorakhpur, Jhansi, Secunderabad, Saugor, Guntur, Ahmedabad & Bangalore Plans are to establish approximately 200 centres nationwide over next 2-3 years Each CSC is managed by – Village Level Entrepreneur (VLE) HDFC Bank – supports VLEs with a monthly monetary grant of Rs 20,000 for first 12 months HQs of Indian Army – New Delhi | Chief – General Upendra Dwivedi | Vice Chief – Lt. Gen. NS Raja Subramani Sports & Games 8. Union Minister of Youth Affairs and Sports Mansukh Mandaviya launched the “Retired Sportsperson Empowerment Training (RESET)” programme to make athletes self-reliant after retirement with necessary skills and knowledge on the occasion of National Sports Day (29 August), the birth anniversary of hockey great Major Dhyan Chand. The programme is open to all those athletes in the 20-50 age bracket, who have won international medals, participated in international events, or earned national or state-level distinctions recognised by the National Sports Federations, Indian Olympic Association, or the Ministry of Youth Affairs and Sports. Initially, the programmes will be of 2 levels based on educational qualifications - Class 12th and above and Class 11th and below. The pilot phase of the programme will be implemented by the ‘Lakshmibai National Institute of Physical Education (LNIPE)’. The programme will be offered in a hybrid format, combining self-paced learning via an online portal with on-ground training and internships. {Read more} Smart Points: Minister of Youth Affairs & Sports – launched “Retired Sportsperson Empowerment Training (RESET)” programme To make athletes self-reliant after retirement with necessary skills & knowledge Eligible athletes in 20-50 age bracket: - Have won international medals, participated in international events, or earned national or state-level distinctions - Distinctions to be recognised by National Sports Federations, Indian Olympic Association, or MoYA&S Initially, programmes will be of 2 levels based on educational qualifications – Class 12th & above and Class 11th & below Pilot phase will be implemented by – ‘Lakshmibai National Institute of Physical Education (LNIPE)’ Minister of Youth Affairs & Sports: Mansukh L. Mandaviya | Constituency – Porbandar, Gujarat MoS in Ministry of Youth Affairs & Sports: Raksha Nikhil Khadse www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 8 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us 9. Avinash Sable became the first Indian man to qualify for the 3000m steeplechase final round, after finishing 5th in his heat with a time of 8:12.48 at the 2024 Paris Olympics. However, in the finals, Avinash finished at 11th position. Morocco’s Soufiane El Bakkali defended his crown with a season- best 8:06.05. He was followed by the USA’s Kenneth Rooks (8:06.41) and Kenya’s Abraham Kibiwot (8:06.47) on the podium. Ethiopia’s Lamecha Girma, who holds the world record of 7:52.11, suffered a fall and did not finish (DNF) the race. To qualify for the final, athletes needed to breach the automatic qualification standard of 17.10m or rank at least among the 12 best performers overall. Besides, Avinash has won a silver medal each at the 2019 Asian Athletics Championships and the 2022 Commonwealth Games. {Read more} Smart Points: Avinash Sable – became first Indian man to qualify for 3000m steeplechase final round | Final rank – 11th - He finished 5th in his heat with a time of 8:12.48 at 2024 Paris Olympics Winners: 1st – Soufiane El Bakkali (Morocco; in 8:06.05) | 2nd – Kenneth Rooks (USA; in 8:06.41) - 3rd – Abraham Kibiwot (Kenya; in 8:06.47) Previous world record – set by Lamecha Girma (Ethiopia), of 7:52.11 To qualify for final, athletes needed to breach automatic qualification standard of 17.10m or rank at least among 12 best performers overall Avinash – won a silver medal each at 2019 Asian Athletics Championships & 2022 Commonwealth Games 10. Union Communications Minister Jyotiraditya Scindia has inaugurated a shooting range named after Manu Bhaker, who won two bronze medals in the 2024 Paris Olympics. The 10m air pistol shooting range is located at Jiwaji Club in Gwalior, Madhya Pradesh. At the Paris Olympics, Manu became the first Indian athlete to win two medals at the same edition. The 22-year-old shooter won two medals in the women’s 10m air pistol and 10m air pistol mixed team events. {Read more} Smart Points: Communications Minister – inaugurated shooting range named after Manu Bhaker - She won 2 bronze medals in 2024 Paris Olympics – in women’s 10m air pistol & 10m air pistol mixed team events This 10m air pistol shooting range is located at – Jiwaji Club in Gwalior, Madhya Pradesh Manu became the first Indian athlete to win two medals at the same edition, at Paris Olympics 2024 Minister of Communications: Jyotiraditya M. Scindia | Constituency – Guna, Madhya Pradesh MoS in Ministry of Communications: Dr. Chandra Sekhar Pemmasani www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 9 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  Awards, Rewards, Recognition & Prizes 11. The Department of Pension and Pensioners’ Welfare (DoPPW) has organised 7th ‘Anubhav Awards’ ceremony for recognising the contribution made by the Central Government employees while in service. In the ceremony, 5 Anubhav Awards and 10 Jury Certificates were conferred to the personnel from 9 different ministries/departments. Out of 15 Awardees, 5 were women pensioners, the highest number in a single ceremony. In the ceremony, a citation booklet encapsulating the achievement of the Awardees and a short movie showcasing their hard work were released. Besides, the DoPPW also organized the 55th ‘Pre-Retirement Counselling (PRC) Workshop’ for the benefit of Central Government Employees, who are going to retire up to 31 March, 2025, in New Delhi. A “Banks’ Exhibition” was also organised during the PRC Workshop, wherein all 18 Pension Disbursing Banks actively participated. The DoPPW also held the 11th ‘Nation-wide Pension Adalat’ under the chairmanship of Mr. V. Srinivas at New Delhi. Anubhav Awards recipients get a medal, a certificate and an incentive of Rs 10,000. The ‘Anubhav’ portal was launched in March 2015. The 5 winners of Anubhav Awards 2024 are - T. Jacob (UPSC), Aditi Das Rout (Ministry of Women and Child Development), G. Nancharamma (DRDO), Rajesh Kumar Parida (BSF), & Appan Sridhar (Ministry of Railways). {Read more} Smart Points: DoPPW organised 7th ‘Anubhav Awards’ ceremony for recognising contribution made by Central Govt employees 5 Anubhav Awards & 10 Jury Certificates were conferred to the personnel from 9 different ministries/departments 5 winners of Anubhav Awards (recipients get a medal, a certificate & an incentive of Rs 10,000): - T. Jacob (UPSC) - Aditi Das Rout (Ministry of Women & Child Development) - G. Nancharamma (DRDO) - Rajesh Kumar Parida (BSF) - Appan Sridhar (Ministry of Railways) ‘Anubhav’ portal – launched in March 2015 DoPPW also organized the 55th ‘Pre-Retirement Counselling (PRC) Workshop’ in New Delhi DoPPW also held the 11th ‘Nation-wide Pension Adalat’ under the chairmanship of Mr. V. Srinivas at New Delhi Schemes & Initiatives 12. The Spices Board of India has launched a transformative scheme, called “Sustainability in Spice Sector through Progressive, Innovative and Collaborative Interventions for Export Development (SPICED)”, aimed at significantly enhancing the export of spices and value-added spice products as well as improving the productivity of cardamom and upgrading the post-harvest quality of spices for exports. Under the scheme, various programmes will be implemented during the remaining period of the 15th Finance Commission cycle, till FY 2025-26, with a total approved outlay of ₹422.30 crore. The SPICED scheme is expected to facilitate value-addition and to drive innovation and sustainability in the spice sector by introducing new sub-components like the Mission Value Addition, Mission Clean and Safe Spices, promotion of GI spices, support for entrepreneurship through Spice Incubation Centres, etc. {Read more} www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 10 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us Smart Points: Spices Board of India – launched “Sustainability in Spice Sector through Progressive, Innovative & Collaborative Interventions for Export Development (SPICED)” To enhance export of spices & value-added spice products & improve productivity of cardamom & upgrading post- harvest quality of spices for exports Under this, various programmes will be implemented during remaining time of 15th Finance Commission cycle, till FY26 - Total outlay – ₹422.30 Cr HQs of Spices Board of India – Kochi, Kerala | Chairman – Amardeep Singh Bhatia | Founded in – 1987 Meetings, Conferences and Summits 13. The 3rd edition of the “India-U.S. Defence Acceleration Ecosystem (INDUS-X) Summit” will be hosted by the U.S. India Strategic and Partnership Forum (USISPF) along with Stanford University’s Gordian Knot Centre for National Security Innovation and the Hoover Institution on September 9 and September 10. Former Secretary of State Condoleezza Rice are among the key leaders to address the summit. The 3rd Summit is themed around “Harnessing Investment Opportunities to Enhance Cross-border Defence Innovation Ecosystems” and will spotlight the role of private capital/investments in the defence innovation sector. Innovations for Defence Excellence (iDEX), the Defence Innovation Unit (DIU) and the Office of the Secretary of Defence (OSD) lead ‘INDUS-X’ for the Indian Ministry of Defence and the U.S. Department of Defence, respectively. According to USISPF, the state-of-the-art ‘INDUS-X Tech Expo’ will showcase cutting-edge technologies and innovations from defence and aerospace startups and companies. ‘INDUS-X’ was launched in June 2023. {Read more} Smart Points: 3rd edition of “India-U.S. Defence Acceleration Ecosystem (INDUS-X) Summit” – will be hosted by USISPF + Gordian Knot Centre for National Security Innovation + Hoover Institution - To be held on – Sep 9-10, 2024 | To be led by – iDEX + DIU (India) & OSD (US) Theme - “Harnessing Investment Opportunities to Enhance Cross-border Defence Innovation Ecosystems” US – Washington, D.C. – US Dollar | 46th President – Joe Biden | 49th VP – Kamala Harris MoUs, Collaborations & Partnerships 14. Ministry of Rural Development (MoRD) has signed an MoU with a private consulting firm MicroSave to optimize utilisation of Community Investment Support Fund (CIF) and enhance the effectiveness and sustainability of organizations working under the Deendayal Antyodaya Yojana- National Rural Livelihoods Mission (DAY-NRLM). Under this partnership, MicroSave Consulting will conduct a detailed analysis and provide strategic interventions to optimize CIF disbursement and utilization by Cluster Level Federations (CLFs). The Centre has already disbursed ₹22,296 crore under NRLM since its launch in June 2011. {Read more} www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 11 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us Smart Points: MoRD + MicroSave = an MoU to optimize utilisation of CIF & enhance effectiveness & sustainability of organizations working under DAY-NRLM - DAY-NRLM – Deendayal Antyodaya Yojana-National Rural Livelihoods Mission MicroSave Consulting – will conduct a detailed analysis & provide strategic interventions to optimize CIF disbursement & utilization by CLFs Centre – already disbursed ₹22,296 Cr under NRLM since its launch in June 2011 Minister of Rural Development: Shivraj Singh Chouhan | Constituency – Vidisha, Madhya Pradesh MoS in Ministry of Rural Development: Dr. Chandra Sekhar Pemmasani & Kamlesh Paswan 15. ReNew Power has announced the signing of a clean power sale contract of 437.6 MW with Microsoft. The contract is expected to generate over 1 million units of green electricity attributes annually, contributing to Microsoft’s aim to become carbon negative by 2030. ReNew will direct about $15 million of revenue from the contract towards a community fund to support environment-focussed initiatives. This work will be delivered in partnership with the ReNew Foundation, the philanthropic arm of ReNew. Puneet Chandok is the President of Microsoft India & South Asia. {Read more} Smart Points: ReNew Power + Microsoft = a clean power sale contract of 437.6 MW The contract is expected to generate over 1 million units of green electricity attributes annually HQs of ReNew Power – Gurugram, Haryana | MD & Chairman – Sumant Sinha HQs of Microsoft – Washington, US | Chairman & CEO – Satya Nadella | Founded in – 1975 President of Microsoft India – Puneet Chandok ❖ Other Miscellaneous News & Current Static GK: September 3 — Skyscraper Day Similipal Tiger Reserve – Odisha Kanha Tiger Reserve – Madhya Pradesh Belgian Grand Prix 2024 — Lewis Hamilton (British - Mercedes) “Cleistanthus Deekshabhoomiana”, a new species of the Cleistanthus Collinus plant — discovered in Ambagad forest, Bhandara district, Maharashtra www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 12 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  Smartkeeda presents Full-Length Current Affairs MockDrill Series September 2024 Daily CA PDF 4 (PDF in English) Click Here to Attempt Mock Test based on this PDF! DOWNLOAD: August 2024 Monthly CA PDF If you find any error in this PDF, kindly report www.smartkeeda.com it to us at [email protected] via email. | testzone.smartkeeda.com https:// /# Page | 3 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  INDEX National & States Affairs …..…..…………….………………………………………………………………... 5 Banking, Finance, Insurance & Economic Affairs..…………………………………………………... 6 Sports & Games …..………………..…………….………………………………………………………………... 7 Science & Technology ……………..…….……………….………...………….…………...……………..…… 8 Appointments & Resignations ……………………..………….………………………....……………..…. 9 Awards, Rewards, Recognition & Prizes.………..………….………………………....……………..… 10 Ranks, Reports & Surveys ……………….…………..………….………………………....……………..…. 10 _________ Join our official Telegram channels for regular updates: @SmartkeedaOfficial | @CAMockDrill | @PracticeWithSK Warning: Smartkeeda possesses all copyrights on its content. This doesn’t allow anyone to use its content for commercial purposes. If any infringement is found, legal action will be taken against the individual or entity. If www.smartkeeda.com | testzone.smartkeeda.com https:// /# you want to use the content for commercial purposes, kindly write to us at [email protected]. SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Page | 4 Join us  National & States Affairs 1. Gujarat Chief Minister Bhupendra Patel has announced to set up a “Gujarat State Institution for Transformation (GRIT)” on the lines of the NITI Aayog, which serves as a public policy think-tank for the central government. The CM also introduced the ‘Gujarat@2047 Dynamic Document-Roadmap’ for realising the goal of ‘Viksit Gujarat’ for a ‘Viksit Bharat’. The roadmap is built on the two pillars of ‘Earning Well’ and ‘Living Well,’ and aims to enhance people’s quality of life and bring economic prosperity. The CM also affirmed Gujarat’s commitment to the development vision by adopting the Prime Minister’s ‘GYAN’ mantra, focusing on the advancement of the Garib (poor), Yuva (youths), Annadata (farmers), and Naari (women). {Read more} Smart Points: Gujarat – announced to set up a “Gujarat State Institution for Transformation (GRIT)” Guj. introduced ‘Gujarat@2047 Dynamic Document-Roadmap’ for realising the goal of ‘Viksit Gujarat’ for ‘Viksit Bharat’ Guj. CM – also affirmed Gujarat’s commitment to the development vision by adopting the PM’s ‘GYAN’ mantra - Garib (Poor), Yuva (Youths), Annadata (Farmers), & Naari (Women) Gujarat: Capital – Gandhinagar | CM – Bhupendra Patel | Governor – Acharya Dev Vrat 2. Under the Digital India initiative, the National e-Governance Division (NeGD), under Ministry of Electronics and Information Technology (MeitY), has conducted a 6-day intensive workshop, called “Digital Government Senior Leaders’ Programme (DGSLP)”, in collaboration with the Indian Institute of Management Bangalore (IIM Bangalore) to empower senior government officials with the knowledge necessary to spearhead digital transformation in the public sector. The DGSLP is a meticulously designed programme to provide participants with exposure to the benefits and potential impacts of digital government on public service delivery, citizen engagement, and organisational effectiveness. This initiative is part of the broader capacity-building scheme under the Digital India programme. {Read more} Smart Points: NeGD + IIM Bangalore = conducted a 6-day intensive workshop, “Digital Government Senior Leaders’ Programme” HQs of NeGD – New Delhi | President & CEO – Nand Kumarum | Founded in – 2009 | Works under – MeitY Director of IIM Bangalore – Rishikesha T Krishnan 3. Indian High Commissioner to Sri Lanka, Santosh Jha, has handed over the first payment for the hybrid power projects on 3 Sri Lankan islands - Delft, Nainativu and Analaitivu. The payment was handed over to Secretary, Ministry of Power and Energy, Dr Sulakshana Jayawardena and Chairman, Sri Lanka Sustainable Energy Authority (SLSEA), Ranjith Sepala. The projects to install a hybrid renewable energy system in these islands are being implemented under Indian grant assistance of $11 million. The three islets are located close to Tamil Nadu. The project is scheduled to be completed by early March 2025 and handed over by late April 2025. {Read more} Smart Points: Santosh Jha – handed over 1st payment for hybrid power projects on 3 Sri Lankan islands - Delft, Nainativu & Analaitivu The projects are being implemented under Indian grant assistance of $11 million (located close to Tamil Nadu) Sri Lanka – Colombo/Sri Jayawardenepura Kotte – Sri Lankan Rupee PM – Dinesh Gunawardena | President – Ranil Wickremesinghe www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 5 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us  Banking, Finance, Insurance & Economic Affairs 4. Gujarat replaced Uttar Pradesh in attracting bank funds for projects in the state in 2023-24 according to a study by the Reserve Bank of India (RBI) economists. While Gujarat got funds for 154 projects accounting for 14.7% (up from 14 % in 2022-23) of the Rs 3.9 lakh crore financed by banks and financial institutions, Uttar Pradesh got funds for 69 projects accounting for 7.6% (down from 16.2% in 2022-23), according to the study published by the Reserve Bank in its latest monthly bulletin. Uttar Pradesh however continued to figure in the list of top 5 states to attract project funding from banks and financial institutions. Maharashtra, Andhra Pradesh and Gujarat were the others in the list of top 5 states to get bank funds for projects in their respective states. These 5 states together accounted for about 55% of the total cost of projects sanctioned during 2023-24. Odisha slipped to the 6th spot in 2023-24 accounting for just about 7.6% share in total projects financed by banks and financial institutions from the 3rd spot in 2022-23 during which it accounted for 11.8% share. The authors, Kamal Gupta, Rajesh B Kavediya, Sukti Khandekar and Snigdha Yogindran, are from the Department of Statistics and Information Management. {Read more} Smart Points: As per a study by RBI economists published latest monthly bulletin of RBI: Gujarat – replaced UP in attracting bank funds for projects in state in 2023-24 Gujarat – got funds for 154 projects accounting for 14.7% of Rs 3.9 lakh Cr financed by banks & financial institutions Top 5 states to attract project funding from banks & financial institutions – Gujarat, MH, Karnataka, Andhra & UP Top 5 states together accounted for 55% of total cost of projects sanctioned during 2023-24 | 6th – Odisha (7.6%) HQs of RBI – Mumbai, Maharashtra | Governor – Shaktikanta Das (25th) | Established on – 1st April, 1935 Total Deputy Governors (4) – S. Janakiraman | T. Rabi Sankar | Michael D. Patra | M. Rajeshwar Rao 5. IndiaFirst Life has become the first Indian life insurer to commence operations in Gujarat International Finance Tec City (GIFT City), Gujarat. The company has inaugurated its IFSC Insurance Office to offer foreign currency-denominated life insurance solutions. IndiaFirst Life aims to expand its reach to international customers with a specially designed ULIP product for global Indians. Rushabh Gandhi is the MD & CEO of IndiaFirst Life. {Read more} Smart Points: IndiaFirst Life – became first Indian life insurer to commence operations in GIFT City, Gujarat Aim: To expand its reach to international customers with a specially designed ULIP product for global Indians HQs of IndiaFirst Life Insurance – Mumbai, Maharashtra | MD & CEO – Rushabh Gandhi 6. CredAble, the country’s leading FinTech company, has launched “Revolving Short-Term Loans” at the Global Fintech Fest (GFF 2024) in Mumbai. It is a game-changing credit line that is destined to change the rules of finance for enterprises of all sizes. This product solution is intended to change how credit is supplied to small businesses and establish new standards of excellence in this field. According to surveys, 66% of SMEs prefer speedier credit choices, and 55% demand financing within 7 days. Nirav Choksi is Co-founder and CEO of CredAble. {Read more} Smart Points: CredAble – launched “Revolving Short-Term Loans” at Global Fintech Fest (GFF 2024) in Mumbai It is destined to change rules of finance for enterprises of all sizes According to surveys, 66% of SMEs prefer speedier credit choices & 55% demand financing within 7 days HQs of CredAble – Mumbai, Maharashtra | Co-founder & CEO – Nirav Choksi www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 6 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us 7. Growth in India’s 8 core sector industries slowed to 6.1% in July compared to 8.5% in the same month in 2023, according to the Ministry of Commerce and Industry’s data. It picked up compared to 5.1% last month, helped by business activity and road construction. The first 4 months of FY2025 recorded a 6.1% growth compared to 6.6 % in the same period last year. The core sector comprises coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity. The increase in the growth rate of 4 sectors - refinery products, fertilisers, steel and cement, was higher than in June. Compared to July 2023, 6 sectors recorded a decline in growth output. The growth rate in coal (6.8%) was the lowest in 13 months. Other sectors such as crude oil (-2.9%), steel (7.2%), cement (5.5%), electricity (7%), and natural gas (-1.3%) also recorded a decline in growth rate from the corresponding period last year. The fertiliser and refinery sectors grew to 5.3% and 6.6%, respectively. According to India Ratings estimates, the core sector growth will be around 3% in August. The core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). {Read more} Smart Points: As per the data provided by the Ministry of Commerce & Industry: Growth in India’s 8 core sector industries – slowed to 6.1% in Jul 2024 (compared to 8.5% in Jul’23 & 5.1% in Jun’24) Growth in first 4 months of FY25 – 6.1% (compared to 6.6% in same period of 2023) Core sector comprises – coal, crude oil, natural gas, refinery products, fertilisers, steel, cement & electricity 6 sectors recorded a decline in growth output, while 2 sectors recorded growth (compared to July 2023): - Decline: Coal (6.8%), Crude oil (-2.9%), Steel (7.2%), Cement (5.5%), Electricity (7%) & Natural gas (-1.3%) - Growth: Fertiliser (5.3%) & Refinery (6.6%) According to India Ratings estimates, core sector growth will be around 3% in Aug’24 Core industries comprise 40.27% of weight of items included in IIP Minister of Commerce & Industry: Piyush Goyal | Constituency – Mumbai (North), Maharashtra MoS in Ministry of Commerce & Industry: Jitin Prasada Sports & Games 8. Jiya Rai, a 16-year-old from Mumbai with Autism Spectrum Disorder, has become the world’s youngest and fastest para swimmer to cross the English Channel. Jiya swam the English Channel from Abbot’s Cliff in England to Pointe de la Courte-Dune in France in a time of 17 hours and 25 minutes, covering a distance of 34 Kms. She is the daughter of Madan Rai, the MC-at-Arms serving in Mumbai. Despite her disabilities, Jiya is on a mission to become the world’s first and youngest para swimmer to swim seven oceans (Arctic, North Atlantic, South Atlantic, North Pacific, South Pacific, Indian, & Southern). Autism Spectrum Disorder is a neurological and developmental condition, which affects how people interact with others, communicate, learn and behave. Jiya also holds the record of the world’s youngest and fastest female to swim across the Palk Strait, covering a distance of 29 kilometres in a world record time of 13 hours and 10 minutes in March 2022. {Read more} Smart Points: Jiya Rai (Mumbai) – became the world’s youngest & fastest para swimmer to cross the English Channel She swam from Abbot’s Cliff in England to Pointe de la Courte-Dune in France in a time of 17 hrs 25 mins (34 Kms) Jiya is on a mission to become the world’s first and youngest para swimmer to swim 7 oceans: - Arctic, North Atlantic, South Atlantic, North Pacific, South Pacific, Indian, & Southern Jiya also holds the record of the world’s youngest & fastest female to swim across the Palk Strait www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 7 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us 9. NorthEast United FC (NEUFC) defeated title-holder Mohun Bagan Super Giant 4-3 on penalties after the game finished 2-2 to win the 2024 Durand Cup final at Kolkata’s Salt Lake Stadium, officially known as Vivekananda Yuba Bharati Krirangan, (overall 133rd Durand Cup title). NEUFC clinched their first-ever title. Noah Sadaoui (Kerala Blasters, 6 goals) won the ‘Golden Boot Award’, the ‘Golden Glove Award’ was won by Gurmeet Singh Chahal (NorthEast United) and Jithin MS (NEUFC) won the ‘Golden Ball Award’. The 2024 Durand Cup with 24 teams including 13 Indian Super League (ISL) sides, was held from July 27 to August 31 across multiple venues in Kolkata, Kokrajhar, Jamshedpur and Shillong. Mohun Bagan Super Giant football club is the most successful team in the tournament with 17 titles wins. First played in 1888 in Shimla by the British India Army, the Durand Cup is the world’s third-oldest Cup football competition and the oldest in Asia and India. {Read more} Smart Points: 133rd Durand Cup final – held at Salt Lake Stadium, Kolkata, officially known as Vivekananda Yuba Bharati Krirangan NorthEast United FC (NEUFC) – won 2024 Durand Cup title for 1st time | Defeated – Mohun Bagan Super Giant ‘Golden Boot Award’ – Noah Sadaoui (Kerala Blasters) | ‘Golden Glove Award’ – Gurmeet Singh Chahal (NEUFC) ‘Golden Ball Award’ – Jithin MS (NEUFC) | Held from Jul 27-Aug 31 across Kolkata, Kokrajhar, Jamshedpur & Shillong Mohun Bagan Super Giant football club – most successful team in tournament with 17 titles wins Durand Cup – world’s 3rd-oldest Cup football competition & oldest in Asia & India - First played in – 1888 in Shimla | By – British India Army Science & Technology 10. Bengaluru-based private company AlphaMers Ltd has tied up with the Indian Space Research Organisation’s (ISRO) Space Application Centre to develop an Artificial Intelligence (AI) model to identify and profile marine pollution, especially plastics and oils spills using remote sensing along the country’s coastline. AlphaMers Ltd. has developed and deployed floating trash barriers to capture solid waste while allowing water to flow freely. These barriers are deployed diagonally across the water to ensure that trash is carried to one end, where it can be easily recovered. AlphaMERS has installed its proprietary technology of floating trash barriers in 9 Indian cities - Gorakhpur, Hyderabad, Bengaluru, Mysuru, Coimbatore, Puducherry, Chennai, Thanjavur and Tuticorin. D.C. Shekar is the Managing Director of AlphaMers Ltd. {Read more} Smart Points: AlphaMers Ltd + ISRO’s Space Application Centre = to develop an AI model to identify & profile marine pollution using remote sensing along India’s coastline AlphaMers Ltd – developed & deployed floating trash barriers to capture solid waste while allowing water to flow freely These barriers are deployed diagonally across water to ensure that trash is carried to one end & can be easily recovered AlphaMERS installed its technology in 9 cities – Gorakhpur, Hyderabad, Bengaluru, Mysuru, Coimbatore, Puducherry, Chennai, Thanjavur & Tuticorin HQs of AlphaMers Ltd – Bengaluru, Karnataka | MD – D.C. Shekar HQs of ISRO – Bengaluru, Karnataka | Director – S. Somanath | Formed on – August 15, 1969 www.smartkeeda.com | testzone.smartkeeda.com https:// /# Page | 8 SBI | RBI | IBPS |RRB | SSC | NIACL | EPFO | UGC NET | LIC | Railways | CLAT | RJS Join us 11. Nokia, which had earlier announced its partnership with NASA (National Aeronautics and Space Administration) for setting up of 4G/LTE cellular network on the Moon, has now entered into a partnership with Axiom Space to integrate 4G/LTE connectivity into next- generation spacesuits for NASA’s ‘Artemis III Lunar Mission’, likely to be launched in 2026. The advanced communication system will be incorporated into Axiom Space’s Extravehicular Mobility Unit (AxEMU), allowing astronauts to transmit HD video, telemetry data, and voice over multiple kilometres on the lunar surface. This technology will facilitate real-time communication between crew members and mission control on Earth, enhancing safety and efficiency during lunar exploration. Nokia is planning to deploy the 1st cellular network on the Moon as part of ‘Intuitive Machines IM-2 Uncrewed Mission’, scheduled for delivery to the launch site in 2024. The company’s Lunar Surface Communications System (LSCS), developed by Nokia Bell Labs, will be adapted for use in the AxEMU spacesuit. An Indian astronaut, trained for ISRO’s (Indian Space Research Organisation) ‘Gaganyaan’ project, is scheduled to fly to the International Space Station next year as part of a NASA Axiom Space Ax-4. {Read more} Smart Points: Nokia + Axiom Space = partnered to integrate 4G/LTE connectivity into next-generation spacesuits - For ‘Artemis III Lunar Mission’ of NASA, to be launched in 2026 It will be incorporated into Extravehicular Mobility Unit (AxEMU) to transmit HD video, telemetry data & voice over multiple kilometres on the lunar surface Nokia – to deploy 1st cellular network on Moon as part of ‘Intuitive Machines IM-2 Uncrewed Mission’ - scheduled for delivery to launch site in 2024 Lunar Surface Communications System – to be adapted for use in AxEMU spacesuit | Developed by – Nokia Bell Labs Nokia + NASA = partnered earlier for setting up of 4G/LTE cellular network on the Moon HQs of Nokia – Espoo, Finland | CEO – Pekka Lundmark | Founded in – 1865 HQs of Axiom Space – Texas, US | President – Michael Suffredini | Founded in – 2016 Appointments & Resignations 12. V Satish Kumar has assumed additional charge as Chairman of Indian Oil Corporation Limited (IndianOil), while continuing in his role as Director (Marketing) at IOCL. His appointment follows the end of the 1-year extension granted to Shrikant Madhav Vaidya, who served as IOCL Chairman from July 2020 until his retirement in 2023. Mr Kumar has also served as Non-Executive Chairman of Indian Oil Petronas and Indian Oil Mauritius. {Read more} Smart Points: V Satish Kumar (Marketing Director, IOCL) – assumed additional charge as Chairman of IOCL (replacing - Shrikant Madhav Vaidya) HQs of IOCL – New Delhi | Chairperson – V Satish Kumar (additional charge) | Founded in – 1959 13. Air Marshal Ashutosh Dixit has assumed the charge as the Air Officer Commanding-in-Chief (AOC-IN- C) of Central Air Command on 1 September, 2024. Air Marshal Ashutosh Dixit was commissioned into the fighter stream of IAF on 6 December, 1986. He has actively participated in numerous operations and exercises such as Op-Safed Sagar and