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Daily Current Affairs 19th August 2023: Your guide for daily General Knowledge Preparation

Dear Readers,
This post contains important current affairs of 19th August 2023. It includes all Major National, International, Business, and Sports related current affairs of 19ht August 2023. We have briefly explained every current affairs matter to help you further understand your general knowledge. Once you have gone through these current affairs, we would recommend that you try the 19th August 2023 Current Affairs test.

National News

1. Bengaluru Unveils India’s Premier 3D Printed Post Office

  • Bengaluru, often regarded as India’s technological hub, has inaugurated its first 3D printed post office, situated in Cambridge Layout near Ulsoor.
  • The modern construction, spanning over 1,021 square feet, was finalized in just 43 days as opposed to the usual ten months of traditional construction.
  • Larsen and Toubro, a leading construction firm, partnered with IIT Madras for technical insights, completing the project in May 2023 with a budget of Rs 23 lakh.

2. India’s GDP Growth Predicted at 6% for FY24 by Crisil

  • Crisil, an esteemed rating agency, projects a 6% GDP growth for India in the fiscal year 2024.
  • This prediction is slightly lower than the NSO’s 7% estimation for 2023.
  • Despite this, Crisil remains positive about India’s economic trajectory in the medium term, forecasting an average growth of 6.8% over the upcoming five fiscal years.
  • Enhancements in capital investments and productivity are credited for this anticipated growth.

3. Innovative Lending Products Unveiled by Axis Bank in Collaboration with RBI Innovation Hub

  • Axis Bank and the RBI Innovation Hub have announced a partnership to launch two innovative lending products.
  • The Kisan Credit Cards (KCC) initiative will offer eligible farmers a credit limit of up to Rs 1.6 lakh.
  • Unsecured loans targeting the growth of MSMEs will also be available, with qualifying businesses eligible for up to Rs 10 lakh.

4. RBI’s UDGAM: A Centralized Platform for Retrieving Unclaimed Deposits

  • The RBI introduced the UDGAM portal as a consolidated solution for individuals to locate and claim their unclaimed bank deposits.
  • Developed in collaboration with ReBIT, IFTAS, and selected banks, the portal provides a unified platform for gathering information from various banks.

5. AICTE and Jio Institute Advocate AI & Data Science Education

  • The All India Council for Technical Education (AICTE) has partnered with Jio Institute to launch a comprehensive faculty development program.
  • This program aims to equip educators with in-depth knowledge of AI and Data Science, including both technological and ethical aspects.

Appointments News
6. Parminder Chopra Becomes PFC’s First Female CMD

    li>Power Finance Corporation has named Parminder Chopra as its Chairman and Managing Director, marking her as the institution’s first female leader.
  • Chopra will take office from August 14, 2023, and had previously overseen key initiatives like the massive Rs 1.12 lakh crore Liquidity Infusion Scheme.

7. South Indian Bank Welcomes PR Seshadri as its New MD & CEO

  • Effective from October 1, 2023, PR Seshadri has been approved by the RBI as the Managing Director & CEO of the South Indian Bank.
  • Seshadri has extensive experience in commercial banking operations and key stakeholder relations.

Important Days News

8. World Photography Day 2023: Celebrating the Evolution of Photography

  • Celebrated every year on August 19, World Photography Day pays homage to the historical progression and significance of photography.
  • The day commemorates the introduction of the daguerreotype process in 1837, laying the foundation for contemporary photography.

Miscellaneous News

9. G20 Film Festival Begins with Satyajit Ray’s “Pather Panchali”

  • Delhi witnesses the launch of the inaugural G20 film festival, an initiative by the Ministry of External Affairs and India International Centre.
  • The festival opened with the iconic “Pather Panchali” by Satyajit Ray, inaugurated by esteemed actor Victor Banerjee and G20 Sherpa Amitabh Kant.
  • The festival will run until September 3rd, featuring 15 more influential films that have shaped global cinema.
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