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Daily Current Affairs 8th August 2023: Your guide for daily General Knowledge Preparation

Dear Readers,
This post contains important current affairs of 8th August 2023. It includes all Major National, International, Business, and Sports related current affairs of 8th 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 8th August 2023 Current Affairs test.

National News

1. PSU Banks See a Profit Surge to Rs 34,774 Cr in Q1

  • In the initial quarter ending June 2023, public sector banks (PSBs) reported a remarkable profit surge, reaching over Rs 34,774 crore, effectively more than doubling their previous figures.
  • Comparative data from the previous fiscal year shows these banks had accumulated profits of Rs 15,306 crore.
  • Among them, Punjab National Bank stood out, noting a 307 percent jump in profits, scaling from Rs 308 crore to Rs 1,255 crore.

2. IndiaFirst Life Insurance Introduces the G.O.L.D. Plan

  • Aiming to grant its clients greater fiscal security and consistent income, IndiaFirst Life Insurance Company has unveiled its innovative insurance offering – the Guarantee of Life Dreams (G.O.L.D.) Plan.
  • This unique insurance scheme, which isn’t linked or participating, is tailored to ensure a stable longterm income for its holders.
  • Premium payment spans of 6, 8, or 10 years are available, and the policy’s tenure can be either 30 or 40 years.

3. AllFemale Committee to Address Manipur’s Strife Set by SC

  • D.Y. Chandrachud, the Chief Justice of India, has declared the creation of an exclusively female committee to address the unrest in Manipur.
  • This trio will include past High Court judges and will be chaired by Justice Gita Mittal.
  • Their mandate involves facilitating the restoration process in areas impacted by conflict, ensuring rehabilitation, and enhancing overall relief activities.

4. Vaibhav Taneja, of Indian Descent, Now CFO of Tesla

  • Tesla has welcomed Vaibhav Taneja, originally from India, as their new Chief Financial Officer, following Zachary Kirkhorn’s resignation.
  • Taneja’s ascension to CFO coincides with his role as Tesla’s Chief Accounting Officer (CAO).
  • His academic background traces back to Delhi University, where he studied commerce between 1996 and 1999. Prior to joining Tesla in 2017, he was associated with SolarCity, a dynamic solar enterprise acquired by Tesla.

International News

5. UK Witnesses Surge in Cases due to New COVID Variant, Eris

  • Eris, also recognized as EG.5.1, a novel COVID variant, is spreading at an alarming rate in the UK, contributing to oneseventh of all COVID cases.
  • Eris’s reach isn’t limited to the UK but extends to Europe, Asia, and North America. This strain is thought to have emerged from the Omicron family of the virus.

6. Cambodia Witnesses Leadership Change as King Assigns New PM

  • King Norodom Sihamoni of Cambodia has decreed the appointment of Hun Manet as the country’s Prime Minister.
  • This comes after the former leader, Hun Sen, who’s among the longestreigning global leaders, disclosed his retirement, favoring his eldest son as his successor.
  • This transition occurred post the recent electoral triumph, which was mired in controversy due to the exclusion of the primary opposition, the Candlelight Party.
  • Basic Cambodian details: Capital: Phnom Penh, Currency: Cambodian riel, and Official Language: Khmer.

Important Days News

7. Reflection on Nagasaki Day 2023

  • Annually commemorated on August 9th, Nagasaki Day draws attention to the fateful day in World War II when Nagasaki faced the wrath of an atomic bomb.
  • This poignant memory emphasizes the perils of nuclear weaponry and the universal yearning for enduring peace.
  • On this day in 1945, the atomic bomb “Fat Man” wreaked havoc on Nagasaki, resulting in immense casualties.

8. 81st Anniversary of the Quit India Movement

  • 2023 brings the 81st observance of the Quit India Movement, a pivotal juncture in India’s liberation from British dominion.
  • This year encourages reminiscing about the values and dedications of the past, providing lessons for today and tomorrow. This movement, also recognized as the August Movement, was launched by the Indian National Congress on August 8, 1942.
  • Under the leadership of Mahatma Gandhi, the clarion call of “Do or Die” resonated during India’s fight for freedom.
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