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 7 August 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 7 August 2023 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 – 7 August 2023
Researchers recorded the first instance of captive breeding of the Himalayan vulture in India.
For the first time, captive breeding of the Himalayan vulture (Gyps himalayensis) occurred in India at the Assam State Zoo, Guwahati.
Himalayan vulture lives in the high Himalayas and migrates to the Indian plains in winter.
Daily Current Affairs Quiz: August 2023
Himalayan vulture generally breeds in snow-clad mountains. The details of successful breeding have been recently published in a paper titled ‘Breeding of Himalayan Vulture Gyps himalayensis Hume, 1869 (Aves: Accipitriformes: Accipitridae) in the Assam State Zoo, Guwahati, Assam, India’ in the Journal of Threatened Taxa.
As per this paper, the successful hatching was noted on 14 March 2022. The nestling was later shifted to the artificial brooding facility. The conservation breeding of the Himalayan vulture at the Guwahati Zoo is the second such instance in the world. Himalayan vulture is listed as ‘Near Threatened’ on the International Union for Conservation of Nature (IUCN) Red List.
Government set a deadline for the pharma industry to adopt good manufacturing practices.
Ministry of Health announced that all pharma industries with an annual turnover of over Rs 250 crore will have to mandatorily adopt good manufacturing practices (GMP) within six months.
Pharma companies with less than Rs 250 crore in revenue would have to adopt good manufacturing practices within a year. The timeline for adopting Schedule M of the Drugs and Cosmetics Act will start from 1 August. It has not been implemented by most of the drugmakers.
Daily Current Affairs Quiz: August 2023
Schedule M of the Drugs and Cosmetics Act of 1940 deals with Good Manufacturing Practices (GMP) for pharmaceutical manufacturing units. GMP includes specific requirements pertaining to premises, plant and equipment. GMP are mandatory standards to bring quality in products by controlling materials, methods, machines, processes, environment, etc. GMP was first incorporated in Schedule M in 1988. The norms of GMP were last amended in 2018.
In India, there are around 10,500 pharma manufacturing units. Out of the total, 8500 are MSMEs. Around 2000 manufacturing units in India have WHO GMP certification.
PM Modi will lay the foundation stone for revamping 508 railway stations.
The redevelopment work of 508 railway stations will be launched by PM Modi on 6 August at a cost of 24, 470 crores.
Daily Current Affairs Quiz: August 2023
The main aim of the redevelopment project is to improve the facilities for passengers. Under the Amrit Bharat Scheme, the government is planning to revamp 1309 stations. Currently, only 508 stations revamping will be launched. 24 railway stations in 10 states are being redeveloped under the Amrit Bharat Scheme.
₹1,813 crore has been allocated to Chhatrapati Shivaji Maharaja Terminus, the highest allocation among 24 railway stations. This station is also a UNESCO world heritage site. The wide arenas are being developed for passengers to rest and recoup while they wait for their train.
A state of emergency has been declared in Ethiopia amid Amhara clashes.
On 4 August, the government of Ethiopia announced a state of emergency. This emergency has been declared after several days of clashes between federal security forces and local ethnic militias in the northern Amhara region. Intense fighting broke out at the beginning of the week between the Ethiopian National Defense Force and the Fano militia group.
Daily Current Affairs Quiz: August 2023
In the Tigray conflict, both armies and federal forces fought together. The federal government seeks to centralize power. Recently, the government tried to force the Fano militias group to lay down their arms. After which the tension flared up. Amhara is one of the 11 regional states of Ethiopia. Each regional state has its own police force.
MASI Portal for Monitoring CHILD CARE HOMES
The National Commission for Protection of Child Rights has developed an application named MASI for real-time monitoring of the Child Care Institutions.
MASI stands for Monitoring App for Seamless Inspection. The effective and efficient functioning of the mechanism for inspection of CCIs provided under the Juvenile Justice Act, 2015 (as amended in 2021) and synchronous monitoring of the system is the rationale behind developing this comprehensive application.
Daily Current Affairs Quiz: August 2023
Monitoring App for Seamless Inspection (MASI): Features and Functionality
- MASI serves as a single platform for inspections of all CCIs across the country, enabling any of the above-stated authorities to conduct unified inspections.
- The programme is linked to a monitoring portal, from which automatic reports are generated, providing real-time updates on the status of CCIs.
- Before and after the completion of the inspection cycle, regular follow-ups are conducted to ensure compliance with the Juvenile Justice Act and its rules.
- The seamless functioning of MASI is facilitated by a questionnaire that authorities fill and submit through the app. Following submission, the system creates extensive reports on the monitoring portal, providing detailed insights into the condition of the CCIs.
The Role of Child Welfare Committees (CWCs)
- Child Welfare Committee (CWC) is an independent institution established under the Juvenile Justice Act, 2015.
- Its primary purpose is to address and resolve issues concerning children who are abandoned, orphaned, voluntarily relinquished by parents, or lost and require care and attention.
- The CWC is critical in areas pertaining to such children’s growth, protection, treatment, development, and rehabilitation, ensuring the provision of their basic necessities and ensuring their well-being.
Key takeaways for competitive examinations
- Chairman of the National Commission for Protection of Child Rights : Priyank Kanoongo
Ministry implemented ‘Naya Savera’ or ‘Free Coaching and Allied’ scheme
The Ministry implemented the ‘Naya Savera’ scheme also known as ‘Free Coaching and Allied’ scheme.
Aim To assist students/candidates belonging to the six minority communities namely Sikh, Jain, Muslim, Christian, Buddhist and Parsi by way of special coaching for qualifying examinations
The coaching period under the scheme ranged from 3 months to 2 years. This information was given by the Minister of Minority Affairs, Smriti Zubin Irani in Lok Sabha.
Daily Current Affairs Quiz: August 2023
‘Naya Savera’ Scheme: OBJECTIVES
The primary objectives of the scheme are to provide specialized coaching to students from the notified minority communities in the following areas:
- Preparing for qualifying examinations for admission into technical/professional courses like engineering, medical, law, management, information technology, etc., and language/aptitude examinations required for seeking admission to foreign universities.
- Assisting with competitive examinations for recruitment to Group ‘A’, ‘B’, and ‘C’ services, as well as other equivalent positions under the Central and State governments, including public sector undertakings, banks, insurance companies, and autonomous bodies.
About The Ministry of Minority Affairs
- The Ministry of Minority Affairs was established on 29th January 2006, as a separate entity from the Ministry of Social Justice & Empowerment.
- The ministry addresses the concerns and issues faced by the identified minority communities, namely Muslim, Christian, Buddhist, Sikhs, Parsis, and Jain.
- The primary responsibilities of the Ministry encompass the formulation of comprehensive policies, strategic planning, coordination, evaluation, and review of regulatory frameworks and development programs aimed at uplifting and benefiting the minority communities.
Key takeaways for competitive examinations
- Minister of Minority Affairs: Smt. Smriti Zubin Irani
Chandrayaan 3 spacecraft successfully injected into lunar orbit
ISRO has informed that the Chandrayaan-3 spacecraft was successfully injected into the lunar orbit.
The next operation- reduction of orbit- is scheduled to take place on 6th August 2023 around 11 PM IST.
Daily Current Affairs Quiz: August 2023
After lunar orbit injection, the spacecraft is slated to orbit the Moon multiple times, gradually approaching the Moon.
Once it reaches a 100 km orbit above the lunar surface, the lander and rover will be detached and manoeuvred to soft land on the surface of the moon.
Objectives of Chandrayaan 3
Accomplish a proficient exhibition of a secure and gentle touchdown on the lunar landscape.
Display the Rover’s agility and maneuverability on the varied topography of the Moon.
Undertake on-site scientific investigations on the lunar terrain.
India observes 3rd ‘Javelin Throw Day’ on August 07, 2023
Celebrating National Javelin Day: A Tribute to Neeraj Chopra’s Historic Triumph
On August 7th, a remarkable chapter in Indian athletics history was etched into the annals of time. The Athletics Federation of India, the apex governing body for athletics in the nation, made a resounding decision to mark this day as National Javelin Day. This auspicious occasion is dedicated to celebrating the awe-inspiring achievement of Neeraj Chopra, a true champion who made an indelible mark on the global stage. This year nations observed 3rd Javelin Throw Day.
Daily Current Affairs Quiz: August 2023
Why nation celebrates this day?
- The genesis of National Javelin Day finds its roots in the extraordinary feat accomplished by Neeraj Chopra during the 2021 Tokyo Olympics. On that fateful day, August 7th, he propelled a javelin through the air with incredible precision and power, covering a staggering distance of 87.58 meters. With this astounding throw, Chopra secured the gold medal in the men’s Javelin Throw final, etching his name into the echelons of Indian sporting history.
- Chopra’s triumph was more than just a victory; it was a testament to unwavering dedication, relentless training, and an unyielding spirit. Not only did he capture the gold, but he also achieved another remarkable milestone – securing India’s first-ever gold medal in Track and Field events at the Olympics. This achievement radiated pride and jubilation throughout the nation, resonating with every Indian who watched in awe as Chopra’s javelin soared through the sky.
- Neeraj Chopra’s journey did not culminate at Tokyo’s Olympic stadium. In the year that followed, he etched his name in gold once again, not just once, but twice. In July 2022, Chopra’s relentless pursuit of excellence led him to clinch a silver medal at the World Athletics Championships. His throw of 88.13 meters was not just a silver, but a testament to his perseverance and unyielding spirit.
After Olympic medal journey
- As the pages of the calendar turned, Neeraj Chopra continued to illuminate the world of athletics. The prestigious Diamond League Final in Zurich witnessed yet another awe-inspiring moment as he claimed victory with a monumental throw of 89.09 meters. This triumph marked the pinnacle of his journey, making him the first Indian to seize the coveted Diamond League title.
- The story of Neeraj Chopra is a tale of triumph over adversity, dedication over hesitation, and inspiration over limitation. As the young champion prepares to scale new heights at this year’s World Athletics Championships and the Asian Games, his spirit reverberates with a message of hope and resilience for aspiring athletes across the nation.
- National Javelin Day stands as a reminder that greatness knows no bounds, and Neeraj Chopra’s legacy serves as a guiding light, illuminating the path to excellence for generations to come. As we celebrate this day, let us pay homage to the hero who raised our tricolor high and filled our hearts with pride, igniting a fervor for athleticism that burns brighter than ever before.
Important takeaways for all competitive exams:
- Athletics Federation of India President: Adille J Sumariwalla;
- Athletics Federation of India Founded: 1946;
- Athletics Federation of India Headquarters location: New Delhi.
FISU World University Games 2023, Complete Medal Tally
The 31st installment of the World University Games, previously known as the Universiade, is currently taking place in Chengdu, People’s Republic of China, from July 28th to August 8th, 2023. This prestigious event brings together over 9,500 talented student-athletes from universities around the world, competing in 18 different sports, and vying for a total of 269 medals.
Daily Current Affairs Quiz: August 2023
Originally slated for 2021, the World University Games had to be rescheduled twice due to the COVID-19 pandemic. The previous edition, held in Naples in 2019, saw Japan emerge as the dominant nation, securing the highest position on the medal table. Japan clinched an impressive total of 82 medals, which included 33 gold, 21 silver, and 28 bronze.
Medal Table at the FISU World University Games 2023
| FISU World University Games 2023 medals table | |||||
| Rank | Country | Gold | Silver | Bronze | Total |
| 1 | China | 90 | 37 | 33 | 160 |
| 2 | Japan | 20 | 28 | 35 | 83 |
| 3 | Republic of Korea | 17 | 15 | 20 | 52 |
| 4 | Poland | 15 | 13 | 12 | 40 |
| 5 | Italy | 13 | 15 | 18 | 46 |
| 6 | Turkey | 11 | 12 | 12 | 35 |
| 7 | India | 11 | 5 | 10 | 26 |
| 8 | Chinese Taipei | 9 | 16 | 17 | 42 |
| 9 | Iran | 5 | 6 | 12 | 23 |
| 10 | Lithuania | 5 | 4 | 1 | 10 |
| 11 | Germany | 4 | 8 | 12 | 24 |
| 12 | France | 4 | 7 | 10 | 21 |
| 13 | Ukraine | 4 | 4 | 3 | 11 |
| 14 | Czech Republic | 4 | 3 | 5 | 12 |
| 15 | Indonesia | 4 | 3 | 0 | 7 |
| 16 | Hungary | 3 | 5 | 6 | 14 |
| 17 | Portugal | 3 | 4 | 0 | 7 |
| 18 | Hong Kong, China | 3 | 1 | 6 | 10 |
| 19 | South Africa | 2 | 10 | 7 | 19 |
| 20 | Kazakhstan | 2 | 7 | 11 | 20 |
| 21 | Thailand | 2 | 3 | 5 | 10 |
| 22 | Netherlands | 2 | 3 | 4 | 9 |
| 23 | Switzerland | 2 | 1 | 4 | 7 |
| 24 | USA | 1 | 8 | 12 | 21 |
| 25 | Macau, China | 1 | 3 | 3 | 7 |
| 26 | Slovakia | 1 | 2 | 0 | 3 |
| 27 | Malaysia | 1 | 1 | 4 | 6 |
| 26 | Australia | 1 | 1 | 3 | 5 |
| =29 | Jamaica | 1 | 1 | 0 | 2 |
| =29 | Luxembourg | 1 | 1 | 0 | 2 |
| =29 | Uganda | 1 | 1 | 0 | 2 |
| 32 | Finland | 1 | 0 | 3 | 4 |
| =33 | Austria | 1 | 0 | 1 | 2 |
| =33 | Bulgaria | 1 | 0 | 1 | 2 |
| 35 | Ghana | 1 | 0 | 0 | 1 |
| 36 | Uzbekistan | 0 | 8 | 5 | 13 |
| 37 | Brazil | 0 | 6 | 5 | 11 |
| 38 | Azerbaijan | 0 | 3 | 6 | 9 |
| 39 | Algeria | 0 | 1 | 3 | 4 |
| 40 | Romania | 0 | 1 | 2 | 3 |
| =41 | Cyprus | 0 | 1 | 1 | 2 |
| =41 | Republic of Moldova | 0 | 1 | 1 | 2 |
| =43 | Brunei Darussalam | 0 | 1 | 0 | 1 |
| =43 | Singapore | 0 | 1 | 0 | 1 |
| 45 | Mongolia | 0 | 0 | 4 | 4 |
| =46 | Georgia | 0 | 0 | 3 | 3 |
| =46 | Vietnam | 0 | 0 | 3 | 3 |
| =48 | Armenia | 0 | 0 | 2 | 2 |
| =48 | Spain | 0 | 0 | 2 | 2 |
| =50 | Belgium | 0 | 0 | 1 | 1 |
| =50 | Croatia | 0 | 0 | 1 | 1 |
| =50 | Kyrgyzstan | 0 | 0 | 1 | 1 |
| =50 | Turkmenistan | 0 | 0 | 1 | 1 |
HDFC Bank’s Jagdishan Highest Paid Bank CEO in FY23 with Rs 10.55cr Pay
What’s in News?
Sashidhar Jagdidhan, the CEO of HDFC Bank, would be the highest paid bank CEO in fiscal year 2023. With an overall package of Rs.10.55 crore, Jagdishan’s compensation stands out among his peers in the banking sector.
Daily Current Affairs Quiz: August 2023
Jagdishan’s success
Sashidhar Jagdishan took over as CEO of the HDFC Bank in late 2020 and has shown exceptional leadership during his tenure. His contribution to the bank’s growth and profitability was rewarded with a total pay of more than Rs.10.55 crore in FY23, making him the highest-earning bank CEO in the country.
Jagdishan’s package included a basic salary of Rs.2.82 crore, allowances and perquisites of Rs.3.31 crore, provident fund of Rs.33.92 lakh and a performance bonus of Rs.3.63 crore.
Kaizad Bharucha’s Impressive Earning
Kaizad Bharucha, HDFC Bank’s deputy managing director, is another high-earning executive, with a total salary of Rs.10 crore for FY23. Bharucha is likely the second highest grossing banker in India. His expertise and strategic contribution in the bank’s operations have been duly recognised in his compensation.
Highest Paid Bank CEOs
Among other prominent bank CEOs, Amitabh Chaudhary of Axis Bank ranks high in terms of remuneration. With a payout of Rs.9.75 crore in FY23, he is among the highest-paid bank CEO in the country. Following closely is Sandeep Bakshi of ICICI Bank with the total earning of Rs.9.60 crore for FY23.
Uday Kotak
Since the pandemic began, Uday Kotak, the CEO of Kotak Mahindra Bank, has made the symbolic gesture of accepting a Re 1 token as remuneration. This commitment to a minimal salary continued in FY23, as he received only Re 1 as compensation. This move reflects his dedication his long term vision of success.
Compensation Trends in the Banking Sector
At a time when the baking sector facing challenges related to attrition, Kotak Mahindra Bank stood out on the compensation front, reporting a 16.97% increase in the average remuneration to its staffers excluding the managerial talent.
ICICI and Axis Bank also demonstrated their commitment to employees through moderate pay hikes. ICICI Bank offered an 11% increase while Axis Bank provided a 7.6% average hike, beating inflation rates.
However, HDFC Bank reported a relatively lower average pay hike of 2.51% for its employees in FY23.
