Current Affairs Quiz - September, 2023

Notes:
The Reserve Bank of India (RBI) has announced to enhance transaction limits for small value digital payments in offline mode to ₹500 from the earlier cap of ₹200.
These can be made using any channel or instruments such as cards, wallets, mobile devices in face-to-face mode only. Although the upper limit of an offline payment transaction shall be ₹500, the total limit on a payment instrument will be ₹2,000 at any point in time.

Notes:
Union Cabinet has declared August 23 as ‘National Space Day’ to commemorate Chandrayaan-3’s successful landing on the Moon.
The Cabinet also applauded the designation of two moon locations as ‘Tiranga Point’ (the imprint of Chandrayaan-2) and ShivShakti Point (the landing site of Chandrayaan-3) in the release.

Notes:
President Ram Nath Kovind inaugurated India’s first Artificial Intelligence (AI) school called as Santhigiri Vidyabhavan in Kerala’s capital city, Thiruvananthapuram.
The AI school is a result of a collaboration between iLearning Engines (ILE) USA and Vedhik eSchool.

Notes:
In a new study published in the journal Nature Scientific Reports, researchers have successfully extracted ancient DNA from a 2,900-year-old clay brick, uncovering a wealth of information about the plant life cultivated during that era.
The brick analyzed in this study was found in the palace of the Neo-Assyrian king Ashurnasirpal II, located in the ancient city of Kalhu, in modern day Iraq.

Notes:
PhonePe has entered into stock broking business with the launch of a new mobile application called ‘Share(dot)Market’, under its subsidiary PhonePe Wealth Broking.
It provides market intelligence and quantitative research-based WealthBaskets, a scalable technology platform. It will be available as a mobile app and a dedicated web platform, enabling retail investors to buy stocks, engage in intra-day trades, buy curated WealthBaskets and mutual funds.

Notes:
India’s Gross Domestic Product (GDP) registered a growth of 7.8 percent in the April-June quarter of the current fiscal (2023-2024), compared to a growth of 6.1 percent in the previous January-March quarter of fiscal 2022-23.
According to official data shared by the National Statistical Office, India’s nominal GDP or GDP at Current Prices in the first quarter showed a growth rate of 8 percent as compared to 27.7 percent in the previous year’s first quarter.

Notes:
The National Payments Corporation of India (NPCI), announced the launch of Falcon blockchain-based project named ‘Falcon’.
It is an open-source project that aims to simplify the management and use of blockchains based on ‘Hyperledger Fabric’ and supported on Kubernetes clusters. Essentially, Falcon is expected to help developers innovate on blockchain-based payment solutions.

Notes:
Australia will send a delegation of industry, government, academic, media and arts representatives to Beijing for a dialogue with their Chinese counterparts next week to stabilise its relationship with China, as per Australia’s Foreign Ministry.
Trade, investment, people-to-people links as well as regional and international security are among the issues up for discussion in the next talks. The high-level dialogue had been held annually from 2014 until it was stopped in 2020.

Notes:
India is finalizing a Letter of Request (LoR) to the US government to acquire 31 MQ-9B Predator drones from General Atomics. These drones, a variant of the MQ-9 “Reaper,” offer remote or autonomous flight capabilities and also carry strike missiles for precise target elimination. Developed by General Atomics, the MQ-9B comes in two versions, SkyGuardian and SeaGuardian. The Indian Navy already operates the MQ-9B Sea Guardian since 2020. With a payload of up to 5,670 kg, the drone can fly above 40,000 feet for 40 hours, making it valuable for surveillance, warfare, and expeditionary roles, including integration into civil airspace.

Notes:
Meghalaya government has adopted AI-enabled robotic technology to safeguard Umiam Lake, a prominent tourist attraction. Umiam Lake, also known as Barapani Lake, is located 15 km north of Meghalaya’s capital, Shillong, surrounded by lush East Khasi hills. Formed in 1965 for hydroelectric power generation, it resulted from the Umiam Umtru Hydroelectric Power Project. The lake primarily draws water from the confluence of Umkhrah and Umshvrpi streams, forming the Wah Ro-ro stream. With a catchment area spanning 220 square km, including Shillong, it offers water sports and adventure activities, making it a favored destination in Meghalaya.