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 4 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 4 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 – 4 September 2023
Uday Kotak Resigns As Kotak Mahindra Bank MD & CEO, Dipak Gupta Takes Interim Charge
Uday Kotak has publicly resigned from his role as Managing Director and Chief Executive Officer of Kotak Mahindra Bank, effective September 1st, 2023.This significant development was communicated by the bank to the exchanges on September 2, marking the end of an era in Indian banking. Mr. Kotak, on the other hand, will continue to play an important role inside the organisation as a non-executive director until his term ends on December 31, 2023.
Daily Current Affairs Quiz: September 2023
Interim Leadership Transition
To facilitate a smooth transition, Dipak Gupta, Kotak Mahindra Bank’s joint managing director, will assume the responsibilities of Managing Director and CEO on an interim basis. This transition is subject to approval from the Reserve Bank of India (RBI) and the members of the bank. It reflects the bank’s commitment to maintaining stability and continuity in its leadership.
Uday Kotak’s Pioneering Leadership at Kotak Mahindra Bank
Uday Kotak has been at the helm of Kotak Mahindra Bank since its inception as a non-banking financial institution in 1985. Under his visionary leadership, the bank evolved into a prominent commercial lender in 2003. His remarkable journey has left an indelible mark on India’s financial landscape. According to Bloomberg’s Billionaires Index, Uday Kotak’s net worth is around $13.4 billion.
Kotak Mahindra Bank: A Leading Force in India’s Financial Landscape
Kotak Mahindra Bank Limited is a prominent Indian financial institution based in Mumbai. It provides a wide range of financial services and products to both corporate and retail customers. Its service offerings range from personal finance through investment banking, life insurance, and wealth management. Notably, Kotak Mahindra Bank is India’s third-largest private sector bank by market value, after only HDFC Bank and ICICI Bank. Over the years, Kotak Mahindra Bank has created substantial value for its stakeholders and contributed significantly to the Indian economy. Additionally, the bank has played a vital role in providing over one lakh direct jobs, further underscoring its impact on society.
Dr. Vasudha Gupta Assumes Charge As Principal DG Of Akashvani
Dr. Vasudha Gupta, a seasoned Senior Indian Information Service officer, has been appointed Principal Director General of Akashvani and News Services Division.This appointment comes after her commendable tenure as Director General at Akashvani, where she played a pivotal role in revitalizing the iconic broadcasting institution. Dr. Vasudha Gupta brings to her new position over 33 years of committed service in the Ministry of Information and Broadcasting, including her time as Director General of the Press Information Bureau (PIB).
Daily Current Affairs Quiz: September 2023
Academic Accomplishments and Transformational Leadership of Dr. Vasudha Gupta
Dr. Vasudha Gupta holds a Ph.D. in Finance from the Indian Institute of Technology, Delhi. Over the past year, Dr. Gupta has been instrumental in the rejuvenation of Akashvani. Her vision and leadership have played a pivotal role in transforming the institution, making it more dynamic and in tune with the evolving media landscape. Her academic achievements have contributed to her ability to introduce social media platforms in regional languages through Akashvani, a significant step in making information more accessible to diverse audiences.
Dr. Vasudha Gupta’s Innovative Contribution During the COVID-19 Pandemic
Dr. Vasudha Gupta faced the unprecedented challenge of the COVID-19 epidemic while serving as Director General of the Press Information Bureau. One of her remarkable achievements during this period was the creation of a feedback dashboard for the Government of India, accessible through various media platforms. This innovative tool facilitated immediate citizen engagement and feedback, resulting in a more agile and transparent government.
India beat Pakistan in the final to win the Men’s Hockey 5s Asia Cup 2023
India’s men’s hockey team won the Men’s Hockey 5s Asia Cup 2023 in Salalah, Oman by defeating Pakistan in the final.
Daily Current Affairs Quiz: September 2023
An Overview of the News
India also qualified for the FIH Men’s Hockey 5s World Cup Oman 2024 with this win. India’s win against Pakistan in the final was India’s first win in the Hockey 5s format after the previous three encounters.
India came back from 2-4 down, which was followed by a penalty shootout, where they emerged victorious. Maninder Singh scored an important goal for India in the shootout.
In the semi-finals, India defeated Malaysia by a score of 10-4 and Pakistan reached the final after defeating Oman by a score of 7-3. Hockey India announced a reward of Rs 2 lakh to each player and Rs 1 lakh to the support staff for their outstanding performance.
Hockey5s World Cup:-
The 2024 Hockey 5s World Cup marks the inaugural edition of the FIH Hockey 5s World Cup, a global competition for men’s and women’s national hockey 5s teams every four years. The tournament, scheduled for January 2024,will be held in the city of Muscat in Oman.
International Hockey Federation (FIH):-
It is the worldwide governing body for field hockey and indoor field hockey. Its headquarters is in Lausanne, Switzerland.
Major international field hockey tournaments, including the prestigious Hockey World Cup, fall under the jurisdiction of the FIH.
- Formation – 7 January 1924
- Established – Paris, France
- Important points:-
- Hockey India President – Dilip Tirkey
- Youth Affairs and Sports Minister – Anurag Singh Thakur
Appointment of R Madhavan as Chairman of FTII Pune
R Madhavan has been named as the chairman of the Film and Television Institute of India (FTII), Pune.
An Overview of the News
In addition to the post of Chairman, Madhavan will also serve as the Chairman of the Governing Council of FTII. Madhavan’s nomination follows the national recognition his film ‘Rocketry: The Nambi Effect’ received.
Daily Current Affairs Quiz: September 2023
‘Rocketry: The Nambi Effect’ won the prestigious Best Feature Film award at the 69th National Film Awards.
‘Rocketry: The Nambi Effect’ throws light on the life of former ISRO scientist S Nambi Narayanan and his remarkable contribution to India’s space agency.
Film and Television Institute of India (FTII):-
It is a film school affiliated with the Ministry of Information and Broadcasting, Government of India, and is supported by the Central Government. FTII is located in Pune and was established in 1960 with the objective of training individuals for careers in the film and television industry.
The institute has a distinguished alumni base consisting of technicians, actors, and directors who have made significant contributions to the film and television sector. FTII is a member of the International Liaison Center of Schools of Cinema and Television (CILECT), a global organization linking leading film and television schools.
Director – Bhupendra Kainthola
Rashtriya Chemicals & Fertilizers gets Navratna status
On September 2, 2023, Rashtriya Chemicals and Fertilizers Limited (RCF) was conferred ‘Navratna status’ by the Department of Public Enterprises (DPE).
Daily Current Affairs Quiz: September 2023
An Overview of the News
The ‘Navratna Status’ designation empowers RCF as one of the select groups of Public Sector Enterprises in India with significant financial autonomy. These companies can invest up to Rs 1000 crore in projects without approval from the central government.
Before achieving ‘Navratna status’, RCF had earlier achieved ‘Miniratna status’ from the Department of Public Enterprises.
Navratna companies are recognized as pillars of excellence in India’s public sector and are known for their exceptional performance and significant contribution to the country’s economy. These companies have substantial financial freedom, which allows them to make investment decisions for projects up to a specific limit without requiring government approval. Navratna companies fall under the category of Central Public Sector Enterprises (CPSEs) and are evaluated based on specific operational and financial parameters, including factors such as net profit, total cost of production, earnings per share, and cross-sector performance.
Rashtriya Chemicals and Fertilizers Limited (RCF):-
- Ownership: Government-owned enterprise in India
- Headquarters: Mumbai, India
- Primary operations: production of chemicals and fertilizers
- Government Ministry: Comes under the Ministry of Chemicals and Fertilizers
- Establishment: Established in 1978 after the restructuring of the Fertilizer Corporation of India.
- Product Portfolio: Includes Urea and Complex Fertilizers (NPK) and Industrial Chemicals
- Ranking: Fourth largest producer of state-owned fertilizers in India
- Urea Production: 4th largest urea producer in India
- Chairman and Managing Director: S. C. Mudgerikar
ASI to unveil ‘Adopt a Heritage 2.0’ program, Indian Heritage App and e-permission portal
The Archaeological Survey of India (ASI) will launch the “Adopt a Heritage 2.0 Programme,” the Indian Heritage App and e-permission portal on September 4, 2023, to preserve India’s cultural heritage.
Daily Current Affairs Quiz: September 2023
An Overview of the News
ASI protects 3696 monuments across India, which showcase the country’s rich cultural heritage and contribute to its economic development.
ASI aims to enhance and maintain these heritage sites by launching the “Adopt a Heritage 2.0” program on 4th September 2023 at Samvet Auditorium, IGNCA, New Delhi. The revised program invites corporate stakeholders to use their CSR funds to enhance facilities at these monuments.
Program Overview:
- ASI’s “Adopt a Heritage 2.0” program is a reimagined version of a scheme launched in 2017.
- It clearly outlines the specific features required for various monuments as per the AMASR Act 1958.
- Corporate Stakeholders A dedicated web portal: www. One can apply for the adoption of any monument or specific features through Indianheritage.gov.in.
- The portal provides details about monuments available for adoption, gap analysis and estimated financial requirements.
Importance of Cultural Heritage:
Union Minister for Culture, Tourism and Development of North Eastern Region G Kishan Reddy emphasized the importance of cultural heritage in shaping India’s identity. Heritage monuments are not just structures; They represent the history, art and architecture of India. The “Adopt a Heritage 2.0” program encourages corporate stakeholders to participate in preserving these monuments for future generations.
Selection Process:
- The selection process involves due diligence, discussions with various stakeholders, and assessment of economic and developmental opportunities at each monument.
- The selected stakeholders will be responsible for developing, providing, and maintaining facilities related to cleanliness, access, safety, and knowledge.
- Stakeholders adopting heritage sites will be recognized as responsible and heritage-friendly entities.
- The initial term of appointment will be five years, which is likely to be extended for another five years.
Indian Heritage Mobile App:
- ASI will launch a user-friendly mobile app called “Indian Heritage” on September 4, 2023.
- The app will showcase India’s heritage monuments, including state-wise descriptions, photographs, a list of public facilities available, geo-tagged locations, and a feedback mechanism for citizens.
- The launch of the app will be in phases, starting with ticketed monuments in Phase I, followed by the rest of the monuments.
E-Permission Portal:
- An e-permission portal will also be launched, which will be available at www.asipermissionportal.gov.in.
- The portal streamlines the process of obtaining permission for photography, filming, and developmental projects at monuments.
- It aims to remove the operational and logistical hassles associated with obtaining various permissions.
PM announces full capacity operation of India’s largest domestically built 700 MW nuclear power plant at Kakrapar
On August 31, 2023, Prime Minister Narendra Modi announced the commencement of full-capacity operations at India’s largest domestically built 700 MW nuclear power plant located at Kakrapar in Gujarat.
Daily Current Affairs Quiz: September 2023
An Overview of the News
The nuclear facility at Kakrapar is the largest nuclear facility of its kind to be built entirely within India.
Initially, the Kakrapar Atomic Power Project (KAPP) started commercial operations on 30 June but was operating at 90% capacity.
It reached its maximum operational capacity on 31 August.
Nuclear power development in Kakrapar and all over India:-
- Nuclear Power Corporation of India Limited (NPCIL) is responsible for the construction of two 700 MW Pressurized Heavy Water Reactors (PHWR) at Kakrapar in Gujarat.
- Kakrapar also has two power plants of 220 MW each.
- NPCIL currently operates 23 commercial nuclear power reactors.
Future plans and projects:-
- KAPP Unit 4 had achieved 97.56% progress as of July while commissioning activities were in progress.
- NPCIL has plans to build 16 more PHWRs of 700 MW each across the country and has secured financial and administrative approvals for these projects.
- Other 700 MW nuclear power plant projects are in progress at Rawatbhata, Rajasthan (RAPS 7 & 8), and Gorakhpur, Haryana (GHAVP 1 & 2).
- The government has approved the construction of 10 indigenously developed PHWRs in fleet mode at four locations: Gorakhpur (Haryana), Chutka (Madhya Pradesh), Mahi Banswara (Rajasthan), and Kaiga (Karnataka).
Archaeologists found a 3,000-year-old priestly tomb in Peru.
In northern Peru, Archaeologists have unearthed a 3,000-year-old tomb which is believed to be of an elite religious leader. The priest was buried under six layers of ash mixed with black earth with decorated ceramic bowls and seals.
Daily Current Affairs Quiz: September 2023
The rock layers indicate that the priest might have been buried around 1200 B.C. It indicates that ancient ritual body paint was used for people of the elite class.
The tomb is nearly two meters (2.2 yards) in diameter and one meter deep. Two seals have been also found along the upper edges of the tomb. One of the seals is with anthropomorphic face looking east while the other is having a jaguar design facing west. The Pacopampa Archaeological Project has been ongoing since 2005. Yuji Seki is the project leader of this project.
Aviation Minister Jyotiraditya Scindia inaugurates Utkela Airport in Odisha
Civil Aviation Minister Jyotiraditya Scindia has inaugurated Utkela Airport in Odisha.
Daily Current Affairs Quiz: September 2023
It has been developed as a regional airport under the UDAN scheme of the Ministry of Civil Aviation, Government of India at a cost of Rs 31.07 crore.
It has a runway of length 917 metre (2,995 ft) with a width of 30 metre. With the addition of Utkela Airport, Odisha will now have five airports. IndiaOne, will be running the flights on this route from 31 August onwards.
US State Georgia officially declares October as ‘Hindu Heritage Month’
In an official proclamation, Governor of Georgia, Brian Kemp has declared October as ‘Hindu Heritage’ month.
Daily Current Affairs Quiz: September 2023
Aim: To celebrate Hindu heritage by emphasizing its rich culture and the diverse spiritual traditions that originate from India
Hindu Heritage Month (HHM) serves as a worldwide endeavor with the objective of spotlighting Hinduism as a longstanding tradition.
Hinduism is the third-largest religion in the world.
RBI governor Shaktikanta Das ranked top central banker globally
Reserve Bank of India (RBI) Governor Shaktikanta Das has been ranked as the top central banker globally by US-based Global Finance magazine.
Daily Current Affairs Quiz: September 2023
He has been rated ‘A+’ in the Global Finance Central Banker Report Cards 2023. He has been placed at the top of the list of three central bank governors who have been rated A+.
Grades are based on a scale from A to F for success in inflation control, economic growth goals, currency stability, and interest rate management.
Govt forms high-level committee to examine One nation, One election
The Government of India has constituted an eight-member high-level committee to examine One Nation, One Election. Former President Ram Nath Kovind has been appointed as Chairman of the committee.
Daily Current Affairs Quiz: September 2023
Other members: HM Amit Shah, Congress MP Adhir Ranjan Chowdhury, Former Rajya Sabha member Ghulam Nabi Azad, Former Chairman 15th Finance Commission N.K. Singh and others
Law and Justice Minister Arjun Ram Meghwal will attend the meetings of the committee as special invitee.
