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Daily Current Affairs 26th September 2023: Your guide for daily General Knowledge Preparation

Dear Readers,

This post contains important current affairs of 26th September 2023. It includes all Major National, International, Business and Sports related current affairs of 26th September 2023. A brief explanation of every current affair is provided to further enhance your general knowledge. Once you have gone through these current affairs we would recommend to you to try 26th September 2023 Current affairs test.

 

National Updates

 India’s Debut of Green Hydrogen Bus

  • The Indian Oil Corporation (IOC) has launched the country’s first bus running on green hydrogen, which only emits water. This step is seen as a significant advancement towards an eco-friendly transportation system and less dependence on fossil fuels.
  • Leading the initiative, IOC is manufacturing green hydrogen using water electrolysis, which is powered by renewable energy sources. This produced hydrogen is intended to power several buses for trial runs in Delhi.
  • Hydrogen, being viewed as an essential fuel for the future, is poised to play a significant role in India’s path to decarbonization. Global demand for hydrogen is expected to surge, with India’s demand projected to rise substantially by 2050.

 Consistent Delay in Monsoon’s Departure

  • For the 13th consecutive year, India has witnessed a delay in the monsoon’s withdrawal. As per the Indian Meteorological Department (IMD), the monsoon began retreating on 25th September, straying from the usual 17th September.
  • Traditionally, the monsoon reaches Kerala by 1st June and covers the entire country by 8th July. The withdrawal typically starts around 17th September and concludes by mid-October.
  • This postponement poses significant implications for agriculture, especially in northwest India, potentially affecting the commencement of the Rabi crop season and disturbing farming operations.

Collaboration Between Maruti Suzuki & Indian Navy

  • Maruti Suzuki India and the Indian Navy have teamed up for the ‘Khamree Mo Sikkim’ initiative, which aims to inform the youth of Northeast India about the Navy’s career opportunities and to foster closer ties with local communities.
  • A noteworthy expedition spanning 6,500 kilometers was launched from the naval base in Lonavala on 24th September 2023, involving 45 Navy staff members.

International Briefs

 India’s Rice Export to UAE

  • The Indian government has approved the export of 75,000 tons of non-basmati white rice to the UAE. This move comes after a policy change, despite previous export restrictions. The National Cooperatives Exports Limited (NCEL) is overseeing this deal.
  • While there have been periodic halts in non-basmati rice exports, India continues to commit to ensuring food security for its neighbors and those in need.

Defence Highlights

 C-295 Aircraft Joins IAF Fleet

  • Defence Minister, Rajnath Singh, officially added the C-295 medium tactical transport aircraft to the IAF’s arsenal in Ghaziabad. Manufactured by Airbus, the C-295 offers versatility, catering to a range of military tasks.
  • The C-295 can carry up to nine tonnes or house 71 personnel, enhancing IAF’s operational capabilities.

Economic Insights

 India’s Growth Projections by S&P

  • Despite worldwide challenges and various issues, S&P Global Ratings remains optimistic about India’s economic path, holding its growth forecast at 6% for the current fiscal year.

Banking Overview

 Global Investment Surge in Indian Banks

  • According to S&P Global Market Intelligence, Indian banks, particularly ICICI Bank Ltd., HDFC Bank Ltd., and Kotak Mahindra Bank Ltd., are attracting increased international investment interest.

RBI Sanctions on Prominent Banks

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  • The Reserve Bank of India (RBI) has imposed penalties on State Bank of India (SBI), Indian Bank, and Punjab & Sind Bank for violating certain banking regulations. These sanctions underscore the necessity of adherence to regulatory norms in the banking sector.

Summary:

Business News

  • Amazon is poised to invest as much as $4 billion in AI startup Anthropic, aiming to boost its generative AI prowess. This partnership will also enhance Amazon’s chip-making aspirations, with Anthropic planning to utilize AWS chips for upcoming AI applications. Google had earlier invested $400 million in Anthropic.

Important Days News

  • World Tourism Day was celebrated on 27 September, highlighting the importance of global tourism. This year’s theme was “Tourism and green investment.”
  • World Environmental Health Day, marked on 26 September, emphasized the interconnection between human health and the environment. The theme underscored the need to tackle worldwide environmental issues.

Ranks and Reports News

  • Moody’s Investors Service has raised concerns regarding the reliability of India’s Aadhaar biometric system, particularly in humid conditions, which could lead to service refusals. Additionally, they cautioned against the potential misuse of digital ID systems and biometric data.

Appointments News

  • Japanese apparel brand Uniqlo has appointed Bollywood actress Katrina Kaif as its Indian brand ambassador. This collaboration is part of Uniqlo’s strategy to cement its position in the Indian market.

Awards News

  • Distinguished Indian actress Waheeda Rehman will be honored with the Dadasaheb Phalke Lifetime Achievement Award, the highest accolade in Indian cinema, recognizing her five-decade-long contribution to Indian films and culture.

Sports News

  • The Indian Women’s Cricket Team clinched a gold medal by defeating Sri Lanka in the Asian Games 2023. Bangladesh secured the bronze medal.
  • India also bagged a gold medal in dressage horse riding at the Asian Games 2023, marking their first win in this category in 41 years.

Science & Technology News

  • ISRO’s Chandrayaan-3 mission is currently facing challenges, as establishing communication with the Vikram lander and Pragyan rover on the moon has proven difficult. The harsh lunar night temperatures pose significant risks to onboard equipment.
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