Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 15 September 2023, we have tried to cover each and every point and also included all important facts from National/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc.
So, here is the Top News of the Day for 15 September to help you prepare the Latest Current Affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.
Current Affairs for Competitive Exam – 15 September 2023
Amazon’s AWS ties up with ISRO to advance its AI capabilities
Cloud behemoth Amazon Web Services has signed a strategic MoU with the ISRO and Indian National Space Promotion and Authorization Centre (IN-SPACe) to support space-tech innovations through cloud computing.
Aim: To enable the space industry to make better decisions, faster – pushing the boundaries of possibilities, and AWS is committed to help startups identify use cases and accelerate solution development.
Daily Current Affairs Quiz: September 2023
Supporting the Space Startup Ecosystem:
ISRO, IN-SPACe, and AWS will collaborate to foster and expand the startup community within the space-tech sector. AWS will extend support to eligible space startups through the AWS Activate program, offering tools, resources, and expert technical assistance at no cost. This support aims to accelerate the development and commercialization of innovative space solutions. Additionally, startups will gain access to AWS’s global expertise in building aerospace and satellite solutions through the AWS Space Accelerator program.
India’s Ambitious Space Goals:
Vinod Kumar, Director of the Promotion Directorate at IN-SPACe, highlighted the importance of leveraging space technology and cloud computing to elevate India’s space sector to new heights. After the successful Chandrayaan-3 moon landing and the Aditya L-1 mission, this collaboration underscores India’s commitment to empowering and facilitating the private space sector. It aims to harness the limitless potential of space technology and cloud computing for the benefit of India and the global space community.
Cabinet approves signing of an MoU between India and Armenia
The Government approved the signing of a MoU between the Ministry (E&IT) of India and the Ministry of High-Tech Industry of Armenia on Cooperation in the field of sharing successful Digital Solutions implemented at the Population Scale for Digital Transformation.
Daily Current Affairs Quiz: September 2023
Aim: To promote closer cooperation and exchange of experiences and digital technologies-based solutions in the implementation of digital transformational initiatives of both the countries.
MeitY is collaborating with a number of countries and multilateral agencies for fostering bilateral and multilateral cooperation in the ICT domain. Over the period, MeitY has entered into MoUs/MoCs/Agreements with its counterpart organizations/ agencies from various countries to promote cooperation and exchange of information in the ICT domain. This is in consonance with the various initiatives taken by Government of India such as Digital India, Atmanirbhar Bharat, Make in India etc. to transform the country into a digitally empowered society and knowledge economy. In this changing paradigm, there is an imminent need for exploring business opportunities, sharing of best practices and attracting investments in the digital sector with the objective of enhancing mutual cooperation.
Over the last few years, India has demonstrated its leadership in implementation of Digital Public Infrastructure (DPI) and has successfully provided delivery of services to public even during COVID pandemic. As a result, many countries have evinced interest in learning from India’s experiences and entering into MoUs with India for learning from India’s experiences.
S.R. Batliboi is appointed as a Paytm auditor
Paytm on Wednesday said its shareholders have approved the appointment of a new statutory auditor, S.R. Batliboi & Associates LLP, for five years. S.R. Batliboi & Associates LLP has been approved as the new statutory auditor of Paytm for five years in the 23rd annual general meeting held on September 12, Paytm said in an exchange filing.
Daily Current Affairs Quiz: September 2023
The previous statutory auditor, Price Waterhouse Chartered Accountants LLP, completed its term at the conclusion of the AGM.
Price Waterhouse Chartered Accountants LLP on August 7 had announced its resignation as auditor of Paytm Payments Services Limited with immediate effect.
Bloomberg annual ranking of B-Schools 2023-24 released
The Bloomberg Businessweek Best B-Schools Ranking 2023-24 which was released includes India B-schools among the top five ranks.
Hong Kong HKUST bagged the top rank in the Asia Pacific B-School rankings category,
Shanghai University of Finance and Economics secured second position and CIEBS at third rank.
Daily Current Affairs Quiz: September 2023
In the overall Asia Pacific B-school rankings category, IIM Bangalore clinched 4th position followed by the Indian School of Business (ISB) at 5th position.
ISB’s postgraduate programme in management (PGP) has achieved the fifth position in Bloomberg’s annual B-School ranking. ISB is ranked second in networking, third in entrepreneurship, fourth in learning and fifth in compensation parameters. Alumni who participated in Bloomberg’s ranking survey described ISB as a hub of excellence in curriculum, faculty, placements, culture, campus life, networking, ethics and diversity, as stated in a statement by the Indian School of Business.
SP Jain has secured the seventh position across all parameters, including entrepreneurship, networking, learning and compensation.
Distant Planet may have Water Ocean and Possibly a life: NASA
Nasa has announced the existence of a possible rare water ocean on a giant exoplanet scores of light years away and also a chemical hint of a sign of potential life.
Daily Current Affairs Quiz: September 2023
NASA’s James Webb Space Telescope in its study of K2-18 b, an exoplanet, discovered the presence of carbon dioxide and methane.
This suggests that K2-18b could be a Hycean exoplanet, one which has the potential to possess a hydrogen-rich atmosphere and a water ocean-covered surface.
VP Jagdeep Dhankhar inaugurated International Conference on dam safety
The Ministry of Jal Shakti’s Department of Water Resources, River Development, and Ganga Rejuvenation is organizing the International Conference on Dam Safety (ICDS) from September 14th to 15th, 2023, in Jaipur. The conference will be inaugurated by the Vice President of India, Jagdeep Dhankhar, under the theme “Safe & Secure Dams Ensure Nation’s Prosperity.”
Daily Current Affairs Quiz: September 2023
According to the Jal Shakti Ministry, there are over 6000 dams in India and it is ranked third globally in terms of large dams.
Aim: To provide a major platform for experts to come together and debate cutting-edge topics in dam safety and management.
It has been essential to civilization’s development, have role in meeting demand for drinking water, irrigation, hydropower.
RBI released direction for the settlement of loan account
The RBI has asked all banks, non-banking finance companies (NBFCs) and asset reconstruction companies (ARCs) to release all the original movable/immovable property documents and remove charges registered with any registry within a period of 30 days after full repayment/settlement of the loan account.
Daily Current Affairs Quiz: September 2023
In case where the delay is attributable to the RE, it shall compensate the borrower at the rate of ₹5,000 for each day of delay.
Maharashtra wins 5th National Wheelchair Rugby Championship 2023
Maharashtra clinched the title of champions in the 5th National Wheelchair Rugby Championship 2023 by securing a convincing victory over Karnataka, concluding with a final score of 31-10.
Aim: To promote and expand the sport of wheelchair rugby across the nation.
Daily Current Affairs Quiz: September 2023
It was organized by The Indian Rugby Football Union (Rugby India), the governing body for rugby in India.
It was conducted in association with the Wheelchair Rugby Federation of India and Mitsubishi Corporation.
LIC Delivers Dividend Cheque of ₹1,831 Crore to Finance Minister
LIC Chairman Siddhartha Mohanty handed over a check for Rs. 1,831.09 crore to Union Finance and Corporate Affairs Minister Nirmala Sitharaman. The Centre’s share for fiscal year 2022-23 is represented by this dividend. It was officially approved by LIC’s shareholders during the Annual General Meeting held on August 22 of the same year.
Daily Current Affairs Quiz: September 2023
Government’s Majority Stake
As of the end of June in the current year, the Indian government held an impressive equity stake of 96.5 percent in LIC, making it the majority shareholder.
Dividend Amount and Shareholders’ Approval
The final dividend declared for the fiscal year 2022-23 amounted to ₹3 per share, and it was agreed upon by LIC’s shareholders.
Mega IPO and Current Share Performance
LIC, the country’s largest insurer, made news in May of the previous year when it launched its massive 21,000 crore initial public offering (IPO). This IPO marked the most substantial public issue in the country’s history up to that point.
Despite its initial issue price of ₹949 per share during the IPO, LIC’s shares are currently trading at ₹660.80 on the stock exchanges.
Robust Profit Growth
Benefiting from a substantial increase in net investment income, LIC reported a remarkable surge in net profit for the first quarter ending on June 30, 2023, reaching ₹9,544 crore, compared to the previous year’s ₹683 crore.
Former SBI Chief Rajnish Kumar appointed Chairman of Mastercard India
Mastercard, the global financial services firm, has named Rajnish Kumar as Chairman of Mastercard India, a crucial appointment in its Indian business.This move reflects Mastercard’s commitment to strengthening its presence in India and navigating the dynamic landscape of domestic payments. Kumar, the former Chairman of the State Bank of India (SBI), brings a wealth of experience to the role.
Daily Current Affairs Quiz: September 2023
A Seasoned Banking Veteran
Rajnish Kumar’s career spans nearly four decades in India’s largest bank, the State Bank of India. During his tenure, he held various leadership positions and played a pivotal role in managing critical operations not only in India but also in the UK and Canada. His contributions to the banking industry have been well recognised, with one of his most famous accomplishments being the creation of the YONO platform, a breakthrough digital banking effort.
Transition from SBI Chairman to Mastercard India
Kumar concluded his three-year term as the Chairman of SBI in October 2020, leaving behind a legacy of banking excellence. He now takes on a new role at Mastercard India, where he will advise and oversee Mastercard’s South Asia executive team. This team is headed by Gautam Aggarwal, Division President for South Asia & Country Corporate Officer, India.
Mastercard’s Strategic Focus on India
Mastercard has long recognized the potential of India as a key growth market for its services. The company has made significant investments in the country, channeling $2 billion since 2014 into initiatives aimed at building technology centers and fostering innovation in digital payments.
Regulatory Hurdles Overcome
Mastercard’s path in India has not been without its difficulties. The Reserve Bank of India (RBI) set regulatory limits on the corporation in 2021, banning it from issuing new domestic consumers debit and credit cards. These measures were rooted in compliance concerns regarding the storage of payment system data. However, in June 2022, the RBI lifted this ban, signaling a positive turn of events for Mastercard in the Indian market.
Mastercard’s Global Footprint
Mastercard is a global leader in payment transaction processing and related services, including travel-related payments and bookings. With a presence in 210 countries, the company continues to play a pivotal role in shaping the future of digital payments worldwide.
In appointing Rajnish Kumar as Chairman, Mastercard India demonstrates its commitment to leveraging local expertise and leadership to drive innovation and growth in the dynamic Indian payments ecosystem. Rajnish Kumar’s wealth of experience and leadership skills are expected to significantly contribute to Mastercard’s efforts in India, further boosting the company’s position in the country’s financial environment.
Important takeaways for all competitive exams:
- Mastercard President: Michael Miebach;
- Mastercard Headquarters: Purchase, Harrison, New York, United States;
- Mastercard Established: 1966.
