16 August Current Affairs 2023 in English

16 August Current Affairs 2023

16 August Current Affairs 2023 refers to the latest news and events happening around the world and are relevant to our daily lives. Staying updated with the 16 August Current Affairs 2023 is essential for students who are preparing for exams, especially competitive exams, as it forms an important part of the syllabus. The importance of the 16 August Current Affairs 2023 lies in its ability to help students enhance their general knowledge, improve their reading and comprehension skills, and develop their critical thinking abilities. 16 August Current Affairs 2023 also provides students with insights into various issues such as politics, economics, and social issues that are important for their overall development as informed citizens. Regularly reading and analyzing the 16 August Current Affairs 2023 not only helps students ace their exams but also prepares them for their future roles as responsible and well-informed citizens of society.

Neymar Jr Embarks on New Journey with Al-Hilal in Saudi Arabia

Neymar Jr’s unexpected move to Al-Hilal in Saudi Arabia, alongside football giants Cristiano Ronaldo and Karim Benzema, signals a pivotal shift in his illustrious career. This transfer has not only captured the attention of the football community but also set the stage for a transformative phase in the player’s journey.

Neymar’s tenure at PSG, spanning triumphs and trials, saw him score 118 goals in 173 matches, securing five Ligue 1 titles and three French Cups. Despite these achievements, the sting of defeat in the 2020 Champions League final to Bayern Munich left an imprint. His record-setting transfer from Barcelona to PSG in 2017, at a staggering €222 million ($242 million), was a landmark moment in football history. Neymar’s time at PSG was defined by flashes of brilliance but also marred by persistent injuries that often sidelined him during critical matches. In his latest move to Al-Hilal, Neymar finds himself amidst a new constellation of stars, and the football world watches with bated breath to witness the unfolding of this captivating chapter in his journey. Read the complete article here

Navroz – Parsi New Year 2023

Navroz, also referred to as Nowruz or Parsi New Year, is a significant festival celebrated by the Parsi community, who follow the Zoroastrian faith. It holds great cultural and spiritual importance as it symbolizes the arrival of spring and the rejuvenation of nature.

The Parsi New Year, or Navroz, is observed between the months of July and August. In the Persian language, “Nav” signifies “new,” and “Roz” translates to “day,” combining to convey the meaning of “new day.” This year, the Parsi New Year is set to be celebrated in India on August 16th. It is a time of joy, festivity, and renewal for the Parsi people, who engage in various traditional customs and celebrations to mark the occasion. Read the complete article here

First-Ever Global Summit on Traditional Medicine in Gandhinagar

The upcoming Global Summit on Traditional Medicine is a groundbreaking initiative led by the World Health Organization (WHO) and jointly hosted by the Ministry of Ayush. Scheduled for August 17-18, 2023, in Gandhinagar, Gujarat, this historic event aims to tap into India’s rich heritage and proficiency in Traditional Medicine.

The summit holds immense promise as a unique forum, uniting global experts and practitioners to explore cutting-edge scientific developments and knowledge rooted in evidence within the field. The overarching objective is to foster universal health and well-being by harnessing the potential of Traditional Medicine.

The Director-General of the WHO, Dr. Tedros Adhanom Ghebreyesus, will inaugurate this momentous event. The opening ceremony will also witness the presence of Health Minister Shri Mansukh Mandaviya and Ayush Minister Shri Sarbananda Sonowal. Read the complete article here

Celebrating Atal Bihari Vajpayee: 5th Death Anniversary in 2023

On Atal Bihari Vajpayee’s 5th death anniversary, political leaders convened at Delhi’s ‘Sadaiv Atal’ memorial, transcending affiliations to honor his enduring legacy. Prime Minister Modi’s tribute, Vajpayee’s impactful leadership, and his legacy’s lasting impact were highlighted. Recognizing his contributions, Good Governance Day was established. Read the complete article here

India’s First-Ever Long-Range Revolver ‘Prabal’

In a notable leap towards promoting domestic manufacturing and fostering innovation, Advanced Weapons and Equipment India Limited (AWEIL), a government-owned entity headquartered in Kanpur, Uttar Pradesh, is poised to introduce ‘Prabal,’ India’s pioneering long-range revolver. Scheduled for unveiling on August 18, this landmark event heralds a fresh chapter in the realm of personal defense firearms.

The introduction of “Prabal” serves as a demonstration of India’s unwavering commitment to indigenous defense manufacturing and innovation. By conceptualizing and producing its own long-range revolver, India seeks to fulfill its defense requirements while reducing dependency on foreign imports. This approach aligns perfectly with the government’s vision of fostering self-sufficiency in defense manufacturing and technology. Read the complete article here

India Raises Windfall Tax on Crude Oil and Diesel Exports: Regulatory Changes Unveiled

The Indian government has initiated a significant regulatory shift by increasing the windfall profit tax on domestically produced crude oil and exported diesel. This move is accompanied by the reintroduction of taxation on aviation turbine fuel (ATF) exports. The alterations are being carried out through a specialized mechanism known as the special additional excise duty (SAED), with the overarching goal of effectively regulating profits stemming from these energy sources.

These changes have taken effect recently, with the special additional excise duty (SAED) on domestically produced crude oil raised from ₹4,250 to ₹7,100 per tonne. In parallel, taxes on exported diesel have surged from ₹1 to ₹5.50 per litre, and a new levy of ₹2 per litre has been introduced for exported aviation turbine fuel (ATF). This taxation adjustment reflects a dynamic response to market conditions, ensuring equitable revenue distribution and effective management of energy sector profits. Read the complete article here

Goa’s Progress in Affordable and Accessible Fertility Care

Goa has emerged as a pioneer in healthcare by introducing no-cost IVF treatment. This significant step, led by Chief Minister Pramod Sawant, transforms healthcare services and addresses the financial burden couples face when seeking fertility solutions. The move is in response to the rising demand for fertility treatments in India. Around 100 parents have already registered for IVF at Goa Medical College, where the advanced super-speciality block now provides the innovative treatment. This groundbreaking initiative paves the way for increased access to reproductive healthcare, offering hope to many couples grappling with infertility. Read the complete article here

CSIR-NBRI’s Triumphs, Namoh 108 Lotus & NBRI-Nihar Aloe Vera

CSIR-NBRI’s remarkable unveiling of the ‘Namoh 108’ Lotus, with 108 petals, underscores its cultural and religious importance. With its genome sequenced, it thrives in diverse weather, symbolizing resilience and spirituality. CSIR-NBRI’s achievements extend to the ‘NBRI-Nihar’ Aloe Vera variant, offering higher gel yield and disease resistance. Coupled with herbal products, CSIR-NBRI promotes holistic well-being, marrying nature and science. Read the complete article here

Retail Inflation in July Soars to 15-Month High of 7.44%

India’s retail inflation reached a 15-month high in July, primarily driven by elevated prices of vegetables and other food products. The official data, released by the National Statistical Office (NSO), indicates that the consumer price index for retail inflation stood at 7.44% in July this year. This marks a significant increase from the previous month’s figure of 4.87% and the 6.71% recorded in July of the previous year.

Retail inflation, also known as consumer price index (CPI) inflation, measures the average change in prices of a basket of goods and services consumed by households. It is calculated by comparing the prices of the basket of goods and services in a given period with the prices of the same basket in a base period. Read the complete article here

Aditya L1, India’s First Solar Mission to be Launched Soon

Aditya L1 is India’s pioneering solar mission that focuses on the study of the Sun from space. This space-based observatory is designed to orbit around the L1 Lagrange point, which is positioned approximately 1.5 million kilometers away from Earth in the Sun-Earth system. The L1 point’s unique location allows the spacecraft to continuously observe the Sun without being obstructed by the Earth’s shadow or eclipses.

The mission holds the distinction of being India’s first space-based observatory-class solar mission. Its primary goal is to comprehensively study various aspects of the Sun, including its photosphere, chromosphere, and the outermost layer known as the corona. Read the complete article here

Cabinet Approves New ‘PM Vishwakarma’ Scheme to Support Traditional Artisans and Craftspeople

The Cabinet Committee on Economic Affairs, under the leadership of Prime Minister Shri Narendra Modi, has given its approval to a new Central Sector Scheme named “PM Vishwakarma.” This scheme is allocated a budget of ₹13,000 crore and is set to be implemented over a span of five years, covering the period from FY 2023-24 to FY 2027-28.

The newly approved “PM Vishwakarma” scheme has a significant purpose – to strengthen and preserve the age-old tradition of Guru-Shishya parampara, where artisans and craftspeople pass down their traditional skills within families.

This scheme also aims to enhance the quality and accessibility of products and services provided by these skilled individuals and ensure their integration into both domestic and global value chains. Read the complete article here