25 August Current Affairs 2023 in English

25 August Current Affairs 2023

25 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 25 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 25 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. 25 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 25 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.

RBI Approves Twin Cities Co-operative Urban Bank Merger

The Reserve Bank of India (RBI) has granted approval for the merger of Twin Cities Co-operative Urban Bank with Kranti Co-operative Urban Bank, effective August 23, 2023. This decision, aimed at enhancing the cooperative urban banking sector, was communicated through an official release, signifying a significant advancement in industry consolidation.

As part of the merger, Twin Cities Co-operative Urban Bank’s branch will seamlessly integrate with Kranti Co-operative Urban Bank, ensuring uninterrupted access to banking services for customers. The RBI’s framework for amalgamation, established in March 2021, offers guidelines for a smooth merger process within the Urban Cooperative Bank sector. The framework outlines different scenarios for mergers, prioritizing depositors’ interests and overall sector stability. This strategic approach underscores the RBI’s commitment to fostering a robust cooperative urban banking landscape. Read the complete article here

6th National Security Strategies Conference-2023 Inaugurated in New Delhi

Guided by the leadership of Prime Minister Shri Narendra Modi, the Government of India is dedicated to bolstering every facet of national security to create a safe and secure nation. As a testament to this commitment, Union Home Minister Shri Amit Shah inaugurated the two-day National Security Strategies (NSS) Conference-2023 in New Delhi on 24th August. This conference serves as a platform to discuss and formulate comprehensive strategies to enhance the country’s security mechanisms.

Before the conference’s commencement, Home Minister Amit Shah paid tribute to the sacrifices made by laying a wreath at the Martyrs Column, a monument erected in honor of the unsung heroes who gave their lives while serving the nation. Read the complete article here

Women’s Equality Day 2023, Embracing Equity

On August 26 each year, the world commemorates Women’s Equality Day, a global acknowledgment of the ongoing struggle for women’s equal rights and opportunities. This day pays homage to the universal suffrage movement, celebrates women’s achievements, and renews the commitment to attaining gender equality.

This year’s theme, “Embrace Equity,” aligns with the strategic plan from 2021 to 2026. It underscores the urgency of gender equality as not only an economic imperative but a fundamental human right. The day recognizes women’s rights activists’ dedication, advances in gender equality, and calls for persistent efforts to eliminate disparities across society. Amid challenges, Women’s Equality Day remains an annual reminder to uphold women’s rights and strive for a more just and inclusive world. Read the complete article here

India’s Praggnanandhaa Finishes 2nd in Chess World Cup 2023

In a gripping culmination to the Chess World Cup 2023, Rameshbabu Praggnanandhaa secured the second position. The tournament witnessed three days of intense and nerve-wracking chess battles spanning four games across two formats. Finally, on Thursday, Magnus Carlsen clinched his maiden victory in the FIDE World Cup. However, the path to victory was not without a formidable challenge, as the 18-year-old chess prodigy from India, Praggnanandhaa, pushed Carlsen to a tie-breaker.

Magnus Carlsen’s triumph was solidified after the second game of the tiebreaker. The lead-up to this decisive moment saw both players engaged in one draw each on both Tuesday and Wednesday, demonstrating the high stakes and intensity of the competition. Read the complete article here

Nagarnar Steel Plant Rolls Out First HR Coil, 9 Days After Production of Hot Metal Began

In an extraordinary achievement that is being widely discussed within the steel industry, the Nagarnar Steel Plant has accomplished an unprecedented milestone. The plant successfully produced its ultimate product of Hot Rolled (HR) Coil just nine days after the production of Hot Metal. This remarkable accomplishment by NMDC is truly remarkable, particularly when considering that the mining major did not possess prior experience in the field of steel manufacturing.

The Nagarnar Steel Plant holds a remarkable distinction on the global stage as the only steel plant established by a mining company. The recent achievement of producing the first Hot Rolled coil within just nine days of hot metal production, which commenced on August 15th, has further solidified its reputation as an industry trailblazer. Read the complete article here

HSBC India Forges Alliances for Green Hydrogen Innovation

Finance Minister Nirmala Sitharaman’s bold move toward advancing green hydrogen innovation takes center stage. HSBC India’s strategic alliances with prestigious institutions, including the Indian Institute of Technology, Bombay, and the Shakti Sustainable Energy Foundation (SSEF), herald a transformative collaboration. This partnership, fueled by a substantial ₹15 crore ($2 million) grant support, marks a pivotal juncture, driving initiatives that prioritize green hydrogen as a strategic alternative fuel and shaping a robust green-hydrogen economy. Read the complete article here

Elevating Indian Innovation, Expert GIFT IFSC Insights

The International Financial Services Centres Authority (IFSCA) has been handed a significant report that delves into the factors driving Indian startups to establish themselves abroad. Led by Shri G. Padmanabhan, the Former Executive Director of RBI, the committee behind the report seeks to identify solutions that would encourage these startups to return to India, effectively reversing this trend of externalization.

The committee’s insights are aimed at bolstering GIFT IFSC’s capabilities in the realm of Fintech. Their recommendations are tailored to attract Fintech players to set up a global presence within GIFT IFSC and overcome challenges associated with the International Innovation Hub. Moreover, the report underlines the importance of aligning IFSC’s regulatory framework with global best practices, particularly in the context of holding company structures. This alignment is considered crucial for enhancing India’s economic growth prospects. The insights from the committee’s report are expected to stimulate productive discussions within the ministry, aligning with India’s ambitious vision of becoming a 5 trillion-dollar economy and a global powerhouse by 2024-25, a goal set by the Hon’ble Prime Minister. Shri G. Padmanabhan, the Committee Chair, expressed appreciation for the opportunity to contribute to this critical task. The Chairperson of IFSCA extended gratitude to the committee of experts for their comprehensive recommendations, recognizing their integral role in shaping India’s financial landscape. Read the complete article here

President Releases Postal Stamp in Memory of Dadi Prakashmani

In a meaningful commemoration, the President of India, Smt Droupadi Murmu, unveiled a postage stamp as a tribute to Dadi Prakashmani, the former chief of Brahma Kumaris, at the Rashtrapati Bhavan Cultural Centre on August 25, 2023. This special stamp was launched as part of the ‘My Stamp’ initiative by the Department of Posts, Ministry of Communications, on the occasion of the 16th anniversary of Dadi Prakashmani’s passing.

Dadi Prakashmani was the second administrative head of the Brahma Kumaris World Spiritual University, which is a spiritual organization that teaches Raja Yoga meditation. Dadi Prakashmani was a charismatic and inspiring leader. She was known for her gentle wisdom and her compassion for others. She was also a strong advocate for women’s rights and education. Read the complete article here

UNESCO & Telangana Government Collab for Ethical AI Integration

In a transformative collaboration, UNESCO and the Telangana Government’s ITE&C Department have joined forces to shape the future of artificial intelligence (AI) by infusing it with ethical considerations.

The partnership’s core objective is to revolutionize the landscape of AI development and usage through an ethical lens. This encompasses a multi-faceted approach, ranging from advocating for ethical AI practices and raising awareness about the ethical implications of AI to building the necessary capacity among professionals and contributing to a global framework for ethical AI through UNESCO’s Global AI Ethics Observatory. The collaboration underscores the commitment to align technology with ethical principles, safeguarding human well-being, privacy, and fairness while harnessing AI’s potential for collective progress. Read the complete article here

PM Narendra Modi Conferred with Greece’s Grand Cross of the Order of Honour

During his visit to Greece, Prime Minister Narendra Modi was honored by the President of Greece, Katerina Sakellaropoulou, with the prestigious Grand Cross of the Order of Honour. This recognition underscores the strengthening ties between India and Greece.

Prime Minister Modi’s visit holds great diplomatic significance, as he becomes the first Indian Prime Minister to visit Greece in four decades. The visit is a significant step toward deepening the bilateral relationship between the two nations. The invitation for the visit was extended by Greek Prime Minister Kyriakos Mitsotakis, emphasizing the importance of fostering stronger ties between India and Greece. Read the complete article here

MoD Inks ₹19,000 Crore Contract with HSL for 5 FSS for Navy

On August 25, the Ministry of Defence formalized a contract with Hindustan Shipyard Limited (HSL) located in Visakhapatnam. This agreement pertains to the procurement of five Fleet Support Ships (FSS) for the Indian Navy, with a total estimated cost of approximately ₹19,000 crore.

This significant initiative aligns with the objective of enhancing self-sufficiency in defense manufacturing, as these vessels will be designed and constructed within India by HSL in Visakhapatnam. The acquisition of these ships was endorsed by the Cabinet Committee on Security during its meeting on August 16, 2023. Read the complete article here

PS Sreedharan Pillai Unveils Trio of Books

Goa Governor PS Sreedharan Pillai released three notable books, marking a cultural celebration attended by eminent figures. The event highlighted the convergence of literature and notable personalities including Goa Chief Minister Pramod Sawant, West Bengal Governor CV Ananda Bose, and Jnanpith awardee Damodar Mauzo.

The event commenced with Chief Minister Pramod Sawant’s inauguration, setting the stage for a literary evening in Panaji, Goa. West Bengal Governor CV Ananda Bose unveiled ‘Heritage Trees of Goa,’ a book that delves into the historical trees adorning Goan villages and sacred sites. Simultaneously, Goa Chief Minister Pramod Sawant emphasized the significance of literature in the state’s cultural fabric. Read the complete article here