8 December Current Affairs 2023
8 December 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 8 December 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 8 December 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.
8 December 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 8 December 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.
INS Vikramaditya & INS Vikrant to be deployed for Milan-2024
The Indian Navy has planned to deploy both its aircraft carriers INS Vikramaditya and INS Vikrant on the eastern seaboard during Milan-2024, a flagship international naval exercise hosted by Vizag from February 19-27 next year.
Navies from the US, Japan, Australia, France, Bangladesh, South Korea, Vietnam, Indonesia, and Malaysia are set to be among the participating nations
Vice Admiral Dinesh Tripathi to become India’s new Vice Chief of Navy Staff
The Government of India has approved several high-profile appointments, including the elevation of Vice Admiral Dinesh K Tripathi to the position of Vice Chief of the Naval Staff.
He is set to take on the crucial role of Vice Chief of the Naval Staff, effective early January 2024.
Hiranandani’s Yotta Data to install over 20,400 NVIDIA GPUs by June 2024
Hiranandani group-owned data center company Yotta Data Services plans to install over 20,400 NVIDIA GPU-based supercomputers by June 2024.
GPU (Graphics Processing Unit), which are used for processing multimedia content, have become the main chipsets for processing artificial intelligence technology-related data and there is a shortage of these chipsets across the globe.
‘Garba Of Gujarat’ Declared as an Intangible Cultural Heritage by UNESCO
Garba of Gujarat’ has been inscribed in the Representative List of Intangible Cultural Heritage of Humanity by UNESCO, under the provisions of the 2003 Convention for the Safeguarding of Intangible Cultural Heritage during the 18th meeting of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage from 5th -9th December 2023 in Botswana.
Garba of Gujarat is the 15th ICH element from India to join this list.
Finance Ministry gave Rs 10,000 crore advance for MGNREGS from Contingency Fund: Govt
The finance ministry has provided Rs 10,000 crore as advance for the rural employment guarantee scheme from the Contingency Fund of India, over and above the budgetary allocation of Rs 60,000 crore.
A financial allocation of Rs 60,000 crore was made for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) for the financial year 2023-24 at the budget estimate stage.
LTTS collaborates with Nasscom to support Generative AI start-ups
IT firm L&T Technology Services Ltd (LTTS) is collaborating with Nasscom GenAI Foundry initiative to support start-ups that specialize in the field, in a bid to promote the growth of generative AI in India.
The company aims to fuel the growth of generative AI by offering resources and expertise to a select group of 26 start-ups.
IDFC FIRST Bank’s ED Madhivanan resigns
IDFC FIRST Bank said its Executive Director Madhivanan Balakrishnan has tendered his resignation.
The Nomination & Remuneration Committee and the Board of Directors of the Bank at their respective meetings have accepted the said resignation (tendered on December 06, 2023).
He continues to serve the Bank for necessary handovers until December 15, 2023
The government decided to implement a component of “Nari Adalat” in a phased manner under Mission Shakti
Union Minister for Women and Child Development Smriti Irani has informed the Rajya Sabha that the Government has decided to implement the component of “Nari Adalat” in a phased manner under Mission Shakti.
In the first phase, Assam and the Union Jammu and Kashmir have been selected by their Ministry to implement the component of Nari Adalat. Read the complete article here.
Government of India and ADB sign $175 million loan to improve connectivity in Madhya Pradesh
The Government of India and the Asian Development Bank (ADB) yesterday signed a $175 million loan to improve connectivity and resilience of roads in the state of Madhya Pradesh.
The project will upgrade about 500 kilometers of state highways and major district roads to a standard two-lane feature.
Indian-origin media executive Samir Shah to head BBC Board
A British-Indian has been picked by the U.K. Government to head the British Broadcasting Corporation (BBC) as its next chair.
Samir Shah, a 71-year-old former BBC non-executive director and media executive, was born in Aurangabad and moved to the U.K. in 1960.
Italy Withdraws from China’s Belt and Road Project
Italy has formally notified China of its withdrawal from Beijing’s ambitious Belt and Road Infrastructure Initiative (BRI), a significant trade and infrastructure project.
The Italian prime minister, Giorgia Meloni, has long been critical of the project and had expressed her intention to withdraw from the deal, seen by many as an effort by China to buy political influence.
Italy was the only G7 nation to join the initiative in 2019.
US pop star Taylor Swift named Time Magazine’s Person of the Year
Taylor Swift was named TIME’s 2023 Person of the Year—making her the first woman to appear twice on a Person of the Year cover since the franchise began in 1927.
Swift was also named Person of the Year in 2017 when she was recognized as one of the Silence Breakers who inspired women to speak out about sexual misconduct.
BHEL wins CII-EXIM Bank Award for Business Excellence – 2023
Bharat Heavy Electricals Limited (BHEL) has won the prestigious CII EXIM Bank Award for Business Excellence 2023.
This award is a testament to the company’s unwavering commitment to excellence, resilience, and its ability to adapt to the dynamic business landscape. The CII-EXIM Bank Award is based on the internationally recognized European Foundation for Quality Management.
India’s Goods sector surpasses services in exports for the first time
For the first time the Goods (Merchandise) sector has surpassed the services sector in Exports.
The export has reached 762 billion dollars in the last financial year.
The Goods (Merchandise) export has gone up to 453 billion dollars, while services export was at 309 billion dollars.
CARE upgrades rating of IDBI Bank’s Tier-II bonds
CARE Ratings has upgraded the rating of IDBI Bank’s Basel III Compliant Tier II Bonds aggregating ₹2,000 crores from “A+” to “AA-” and revised the outlook from “positive” to “stable”.
The credit rating agency also reaffirmed the “Al+” rating for the bank’s Certificate of Deposits aggregating ₹10,000 crore.
India set to become 3rd largest economy by 2030, GDP to be around 7% in 2026-27: S&P Global Ratings
India is set to become the world’s third-largest economy by 2030, S&P Global Ratings said in its latest report. It said that the nation’s GDP growth would be around 7% in the 2026-27 fiscal year.
In its Global Credit Outlook 2024, S&P predicted a 6.4% GDP growth in the fiscal year year through March 2024 as compared 7.2% in the previous financial year.
This would mean that India will surpass Japan and Germany.
Argentina superstar Lionel Messi named Time’s Athlete of the Year for 2023
Argentina captain Lionel Messi has been named Time magazine’s Athlete of the Year for 2023 after winning the Ballon d’Or for a record-extending eighth time and elevating the profile of the sport in the U.S. with his move to Inter Miami.
Messi joins the likes of Simone Biles, Michael Phelps, LeBron James, and the United States women’s national team to win the award.
New York Yankees right fielder Aaron Judge won the award in 2022.
RBI MPC Meeting: RBI enhances UPI transaction limit for hospitals and educational institutions to ₹5 lakh
- RBI Monetary Policy Committee has kept the key policy repo rate unchanged at 6.5% by a unanimous decision.
- This is the fifth meeting on the trot that the MPC decided to maintain the status quo on the repo rate.
- RBI raised the GDP growth projection for FY24 to 7% from 6.5% earlier on buoyant domestic demand and higher capacity utilization in the manufacturing sector.
- The Indian economy rose by 7.2% in the 2022-23 fiscal ended March 2023.
- CPI inflation is projected at 5.4% for FY24 with Q3 at 5.6% and Q4 at 5.2%. The retail inflation is projected at 5.2% for Q1 FY25, 4% in Q2, and 4.7% in Q3. RBI allows reversal of liquidity facilities under SDF and MSF even on weekends and holidays.
- UPI limit has been increased for hospitals and educational institutions from Rs 1 lakh to Rs 5 lakh per transaction.
- The Reserve Bank of India has exempted the requirement of Additional Factor of Authentication (AFA) for transactions up to ₹1 lakh for certain categories of payments. These include subscriptions to mutual funds, payment of insurance premiums, and payments of credit card bills.
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